| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DOUBLE MY DIVIDEND COVERED CALL USING THIS BUY & HOLD STOCK | |||||||||
| The idea of 'Double my Dividend' investment strategy is to try to write a covered call on my buy & hold shares during a companies off months to try to pick up a covered call premium equaling the companies quarterly dividend with the goal of *not* having my shares taken. | |||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 29 | June 8, 2023 | July 7, 2023 | |||||||
PG |  | TIME AND DATE STAMP | |||||||
| Thursday, June 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'. | |||||||||
| THE COVERED CALL DETAILS | |||||||||
| PROJECTED PROFIT POTENIAL (STOCK MOVE + CCW PREM + DIV) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $146.00 | Jun-8 | $0.75 | 5 | ||||||
| Strike Price | Expire | Days | Possible Dividend | ||||||
| $150.00 | Jul-7 | 29 | $0.00 | ||||||
| Projected Cash Flow | Projected CoC% | ||||||||
| $375.00 | 1.05% | ||||||||
| WHY I OPENED this CCW on > PG > PG is a buy and Hold stock for dividend collection, so this will fall under my 'DOUBLE MY DIVIDEND' trade where I will use the companies OFF event months to try to collect what will equal a companies Q dividend ... I will manage this trade as to NOT let the shares go> 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. | |||||||||
| COST BASIS FOR THESE SHARES / HOW LONG HAVE I HELD THEM | |||||||||
| NEW STOCK PURCHASE OR ALREADY OWNED THE SHARES? | OWNED STOCK | ||||||||
| I BOUGHT THESE SHARES ON JUN-23-2023 COST BASIS > | $71.59 | ||||||||
| THE STOCK IS CURRENTLY TRADING FOR $146 WHICH MEANS I'M (UP/DOWN) +$37,000x ON THE SHARES RIGHT | |||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | OTM STRIKE | ||||||||
| Today, using my own (500) shares of PG (ticker: PG) when the stock was trading for $146 a share I Sold (5) Covered Call contract(s) for the Jul-7-2023 Expiration Date, $150 Strike Price for a Premium of $0.75 | |||||||||
| DURING THIS TIMEFRAME , WHAT MAJOR EVENTS? | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| NO SAME SAME STORE SALES REPORTS | |||||||||
| WHAT IS THE CASH ON CASH % PERCENTAGE GAIN (IF ANY) | |||||||||
| Stock Price - placed | Strike Price | Total Prem$ | Contracts | ||||||
| $146.00 | $150.00 | $0.75 | 5 | ||||||
| Premium Only? | CoC% | Share Taken? | DO NOT MEET 3% GOAL | ||||||
| $375.00 | 0.51% | BREAK EVEN | |||||||
| 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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