| All rights reserved - Core Position Trading, LLC-2023 |
 | CLOSED CCW TRADE |
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| STANDARD COVERED CALL TRADE IS NOW | CLOSED |
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| WINNER! | $510.00 |
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| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL |
| 5 | June 16, 2023 | June 21, 2023 |
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| SQ | | TIME AND DATE STAMP |
| Wednesday, June 21, 2023 |
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| 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'. |
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| DETAILS FOR THIS COVERED CALL TRADE |
| Today, (10) Covered Call contracts were bought back on Block Inc (ticker: SQ) for the Jul-7-2023 Expiration Date, $75 Strike Price for a Premium of $1.05 > SQ was trading for $67.43 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 $0.51 or 0.485714285714286% of the total projected cash flow for this trade. |
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| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES |
| Because I bought this option back, I still have my shares and this is a premium profit trade only. |
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| Stock Price - placed | Date | Expire WAS | Days On |
| $67.43 | Jun-16 | Jul-14 | 5 |
| Strike Price | Contracts | BUY BACK | Cash Flow Collected |
| $75.00 | 10 | -$0.54 | $510.00 |
| Cash Invested? | Cash Flow Collected |
| $75,000.00 | 0.68% |
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| DID I COLLECT A DIVIDEND DURING THIS TIMEFRAME? |
| No, I did not collect a dividend because either > they did not have an Ex-Date during this timeframe > my shares were taken prior to the Ex-Date |
| Dividend Amount | Shares | | Cash Flow Collected |
| $0.00 | 1000 | | $0.00 |
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| WHY THIS COVERED CALL WAS CLOSED (ASSIGNED/BUYBACK) |
| WHY I CLOSED this CCW Trade > Square has peeled back and this option has fallen about -50% and with so much time left we're going to take this off the board hopefully wait for a green day and we will write another 30-day covered call out of the money because my cost basis on the shares is $74.50 so I cannot have my shares taken away in the 60s |
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| General plan for my Covered Call Cash on Cash % investments > I like to generate a 3% 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 3% preferred |
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| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) |
| Premium | -50% | 10% Rule | My Buy Back was? |
| $1.05 | $0.53 | $0.11 | -$0.54 |
| -50% Rule? | Percentage Down |
| NO | -48.57% |
| 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. |
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| DETAILS OF THE STOCK PURCHASE |
| I have owned these shares with an original cost basis of $74.5 |
| MY COST BASIS ON THESE SHARES |
| Cost Basis - shares | Acquired? | Shares | Total Cost |
| $74.50 | Bought | 1000 | -$74,500.00 |
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| HOW MUCH AS THIS MONEY INVESTED MADE USING THIS STOCK? |
| Date | Type | Actual Prem $ | Total |
| Apr-4 | CCW | | $540.00 |
| Apr-4 | CCW | | $980.00 |
| May-11 | CCW | | $2,260.00 |
| May-16 | CCW | | $510.00 |
