| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW CSP TRADE | ||||||||
| STANDARD CASH SECURED PUT TRADE IS NOW | OPEN | ||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| DAYS | THIS NEW CSP TRADE BEGINS AND ENDS | ||||||||
| 32 | May 8, 2023 | June 9, 2023 | |||||||
TSLA |  | TIME AND DATE STAMP | |||||||
| Monday, May 8, 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, (5) Covered Call contract(s) were sold on Tesla Inc (ticker: TSLA) for the Jun-9-2023 Expiration Date, $160.00 Strike Price for a Premium of $4.80. TSLA was trading for $170.83 a share. | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $170.83 | May-8 | $4.80 | 5 | ||||||
| Strike Price | Expire | Days | Projected Cash Flow | ||||||
| $160.00 | Jun-9 | 32 | $2,400.00 | ||||||
| WHY I OPENED this CCW on > TSLA> With the market trading sideways and Tesla having all of its bad news already out it seems It's near-term support is $161.00 so I'm going to use this 32-day cast secure put at the $160.00 strike collecting $4.80 figuring that even if the stock fell this $10 downside cushion from where the stocks trading to my strike price could give me the kind of cushion needed to manage this trade so possibly rolling it out and down or possibly staying the course and maybe the shares don't finish it 160 or lower before June 9th> as always, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself. | |||||||||
| Cash Invested? | Projected Prem? | CoC% | |||||||
| $80,000.00 | $2,400.00 | 2.81% | |||||||
DO NOT MEET 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% perferred | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | |||||||
| $4.80 | $2.40 | $0.48 | |||||||
| 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. | |||||||||
| ___________________________________________________________________________________ | |||||||||
| 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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