| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW PMCC TRADES | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | ROLLED | ||||||||
Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP | ||||||||
| Monday, May 15, 2023 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| Cisco Systems Inc | CSCO |  | |||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $165.00 | $645.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Apr-24 I placed this original trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Days | Premium was | ||||||
| $47.16 | $48.00 | 32 | $1.11 | ||||||
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS | Contracts | Collected Cash Flow | |||||||
| 5 | $555.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (CLOSED) | |||||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $1.11 | -$0.78 | $165.00 | |||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| NO | -29.73% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| In this case, the Covered Call (CCW) option where I received more premium then I had to pay back was profitable | |||||||||
| WHY I CLOSED this PMCC CCW Trade > Cisco IS having earnings tonight ... I believe I'm going to take this trade off the board pocketing about $165 and then I'm going to roll it forward to another 30-day trade maybe picking up another possible profit of over $500 I'm buying this back largely because if earning pops the stock then I will have my shares a sign if earnings are good now Cisco's Sandbox could be anywhere from $47 to $49 maybe even 50 so I'm going to use this positive potential move to pick up another covered call Premium | |||||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, May-15 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Cisco Systems Inc | CSCO | | |||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $47.02 | $48.00 | Jun-30 | 46 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.29 | 5 | $645.00 | |||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CCW Trade > As I explained in my poor man's covered call Trade idea I felt that Gilead was trading in the lower percent of its range so if I was going to get involved this would be a good time so I bought the leaps call option and I'm writing my first covered call using my poor man's covered call Initial trade setup which makes this a profitable first trade now where are the trade goes from here we'll see but at least my setup was on Mark achieving a cost of less than 1% for the cost of the option | |||||||||
| ________________________________________________________________________________ | |||||||||
| 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. | |||||||||
| 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 | |||||||||
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