| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW CSP TRADE | ||||||||
| STANDARD CASH SECURED PUT TRADE IS NOW | CLOSED | ||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
| WINNER! | $540.00 | ||||||||
| DAYS ON | THIS CASH SECURED PUT TRADE IS CLOSED / NO ROLL | ||||||||
| 1 | May 4, 2023 | May 5, 2023 | |||||||
FAS |  | TIME AND DATE STAMP | |||||||
| Friday, May 5, 2023 | |||||||||
| DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'. | |||||||||
| DETAILS FOR THIS CASH SECURED PUT TRADE | |||||||||
| Today, (3) Cash Secured Put contract(s) bought back on Energy Select Sector SPDR Fund (XLE) (ticker: FAS) for the May-5-2023 Expiration Date, $53.00 Strike Price for a Premium of $4.30 > FAS was trading for $52.92 a share. Because I bought this option back early, I did not make max profit. The final profit / cash flow collected it posted below. Instead of making the original premium, I collected $1.80 or 0.41% of the total projected cash flow for this trade. | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| Because I bought this option back, i was not assigned shares and this is a premium profit trade only. | |||||||||
| Stock Price - placed | Date | BUY BACK | Contracts | ||||||
| $52.92 | May-4 | -$2.50 | 3 | ||||||
| Strike Price | Expire WAS | Days On | Cash Flow Collected | ||||||
| $53.00 | Jun-2 | 1 | $540.00 | ||||||
| WHY I CLOSED this CSP Trade > In this market placing a one-day trade making $540 just seems like highway robbery I will take those five crisp $100 bills and put them in the cash flow pocket I'm not day trading but when I can pick up $500 on a tree in about one day ... I'm going to go ahead and do that so the money gets placed back into my account for $540 adds to cash flow for this month and we move on | |||||||||
| Cash Invested? | Projected Prem? | CoC% | |||||||
| $15,900.00 | $540.00 | 3.40% | |||||||
| MET 3% GOAL | |||||||||
| General plan for my Cash Secured Puts Cash on Cash % investments > I like to generate a 2% Cash on Cash return on my money invested ... depending on the timeframe ... 1 week, 1% is ok but if 30 days I want more like 2 ot 3% preferred | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $4.30 | $2.15 | $0.43 | |||||||
| What does this mean? If within the first week the option falls 50% I will buy back the option and look to roll for another credit ... if the option falls to 10% of the value, I will buy back and roll. | |||||||||
| -50% Rule? | Percentage Down | ||||||||
| NO | -41.86% | ||||||||
| ___________________________________________________________________________________ | |||||||||
| Trading stocks and options have risk. Required reading prior to placing money at risk with options is the ODD which is posted below. "The Characteristics & Risks of Standardized Options" Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options. | |||||||||
| Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | |||||||||
| Disclaimer - Yes - at the time of this posting I do own shares. That could mean in my taxable , non-taxable accounts or both. I am by no means recommending this stock for purchase | |||||||||
| Feel free to email me if you have questions and/or concerns about this post - corepositiontrading@gmail.com - I usually will get back with you in 48 hours or sooner | |||||||||
| © 2023 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | Disclaimer | ||||||||
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