| All rights reserved - Core Position Trading, LLC-2023 |
 | CLOSED CCW TRADE |
| | | | | | | | | |
| STANDARD COVERED CALL TRADE IS NOW | CLOSED |
| | | | | | | | | |
| WINNER! | $310.00 |
| | | | | | | | | |
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL |
| 1 | June 21, 2023 | June 22, 2023 |
| | | | | | | | | |
| VLO | | TIME AND DATE STAMP |
| Thursday, June 22, 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 COVERED CALL TRADE |
Today, (10) Covered Call contracts were bought back on Valero Energy Corporation (ticker: VLO) for the Jul-7-2023 Expiration Date, $123 Strike Price for a Premium of $0.89 > VLO was trading for $112.5 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 $0.31 or 0.348314606741573% of the total projected cash flow for this trade.
|
| | | | | | | | | |
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
| | | | | | | | | |
| 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. |
| | | | | | | | | |
| Stock Price - placed | Date | Expire WAS | Days On |
| $112.50 | Jun-21 | Jul-21 | 1 |
| Strike Price | Contracts | BUY BACK | Cash Flow Collected |
| $123.00 | 10 | -$0.58 | $310.00 |
| Cash Invested? | Cash Flow Collected |
| $123,000.00 | 0.25% |
| | | | | | | | | |
| 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 |
| | | | | | | | | |
| WHY THIS COVERED CALL WAS CLOSED (ASSIGNED/BUYBACK) |
| WHY I CLOSED this CCW Trade > To be able to take $310 off the board literally in one day is a trade I'm going to do everyday of the week VLO is trading with oil right now so it's it's moving up and down we're going to take advantage of this pocketing this $310 and what we'll do is probably wait for another green trade VLO seems to have found support right around 110 so I'm good with holding this position even though I'm down |
| | | | | | | | | |
| 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 |
| | | | | | | | | |
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) |
| Premium | -50% | 10% Rule | My Buy Back was? |
| $0.89 | $0.45 | $0.09 | -$0.58 |
| -50% Rule? | Percentage Down |
| NO | -34.83% |
| 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. |
|
| DETAILS OF THE STOCK PURCHASE |
| I have owned these shares with an original cost basis of $129 |
| MY COST BASIS ON THESE SHARES |
| Cost Basis - shares | Acquired? | Shares | Total Cost |
| $129.00 | Assigned (CSP) | 1000 | -$129,000.00 |
| | | | | | | | | |
| HOW MUCH AS THIS MONEY INVESTED MADE USING THIS STOCK? |
| Date | Type | Actual Prem $ | Total |
| Jun-6 | CCW | $0.35 | $350.00 |
| May-16 | CCW | $0.86 | $860.00 |
| May-11 | CCW | $0.65 | $650.00 |
| Apr-17 | CSP | $3.52 | $3,520.00 |
| Jun-21 | CCW | $0.31 | $310.00 |
