| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | CLOSED PMCC TRADE | ||||||||
| STANDARD POOR MAN'S COVERED CALL TRADE IS NOW | CLOSED | ||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| WINNER | $495.00 | ||||||||
| DAYS ON | THIS PMCC COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||
| 15 | May 12, 2023 | May 25, 2023 | |||||||
GILD |  | TIME AND DATE STAMP | |||||||
| Thursday, May 25, 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 PMCC COVERED CALL TRADE | |||||||||
| WHY I CLOSED this PMCC CCW Trade > With the stock falling such that this option is trading for about 75% of its original value ...we're going to go ahead and buy this back (foe less) and then look to write a covered call OR WAIT for the stock to finish selling off and maybe we get a Green Day over the next week and we can write another covered call taking profits now because this option has fallen -75% | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| Because I bought this option back, my shares were not taken and this is a premium profit trade only. | |||||||||
| WHATS THE CASH ON CASH | |||||||||
| Gilead Sciences | GILD | | |||||||
| Strike Price | Expiration Date | Closed | Days ON | ||||||
| $78.18 | Jun-9 | May-25 | 15 | ||||||
| Premium Was? | CoC% +/- | Contracts | Cash Flow collected | ||||||
| $1.33 | 5 | $495.00 | |||||||
| -50% Rule? | Buy Back Cost | Percentage Down | |||||||
| YES | -$0.34 | -74.44% | |||||||
| WHY I CLOSED this PMCC CCW Trade > With the stock falling such that this option is trading for about 75% of its original value ...we're going to go ahead and buy this back (foe less) and then look to write a covered call OR WAIT for the stock to finish selling off and maybe we get a Green Day over the next week and we can write another covered call taking profits now because this option has fallen -75% | |||||||||
| WHAT IS THE PLAN FOR THESE SHARES? | |||||||||
| BECAUSE I DID NOT ROLL FOR ANOTHER CREDIT, I'M TAKING A 'WAIT AND SEE' APPROACH AND WILL MONITOR THE MARKETS DAILY FOR ANOTHER CHANCE TO PUT THESE SHARES 'IN PLAY' HOPING TO ACHIEVE A PROFIT ON THE COST BASIS OF MY SHARE PURCHASE | |||||||||
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| 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 - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | |||||||||
| 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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