| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW CSP TRADES | ||||||||
| CASH SECURED PUT TRADE(S) NOW | ROLLED | ||||||||
Today I ROLLED (Closed then Opened) a CSP trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP | ||||||||
| Monday, June 5, 2023 | |||||||||
| CLOSED ORIGINAL CSP TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| Small Cap 3X ETF | TNA |  | |||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $990.00 | $1,250.00 | ||||||||
| CLOSED CSP TRADE DETAILS | |||||||||
| ORIGINAL CSP TRADE DETAILS BELOW (OPEN) | |||||||||
| On Mar-26 I placed this original trade and below are the belows of that trade. | |||||||||
| Strike Price was | Strike Price | Days | Premium was | ||||||
| $29.07 | (OTM) $27.00 | 35 | $1.48 | ||||||
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS | Contracts | Projected Cash Flow | |||||||
| $10.00 | $1,480.00 | ||||||||
| ORIGINAL CSP TRADE DETAILS BELOW (CLOSED) | |||||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $1.48 | $0.49 | $990.00 | |||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | -66.89% | ||||||||
| REASONING FOR BUYING BACK THIS CSP OPTION (FINAL) | |||||||||
| In this case, the Cash Secured Put (CSP) option where I recieved more premium then I had to pay back was profitable | |||||||||
| WHY I CLOSED this CSP Trade > With so much profit in this option with it being down over 60% we're going to go and buy this back and we'll look to roll this option to collect even more credits as I believe this stock is trading at the lower part of its range which allows for us elect a great Cash Secure Put premium | |||||||||
| ROLLED CSP TRADE DETAILS | |||||||||
| NEW CSP TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jun-5 I placed this NEW CSP trade and below are the belows of that trade. | |||||||||
| Small Cap 3X ETF | TNA | | |||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $31.61 | $30.00 | Jun-30 | 25 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.25 | 10 | $1,250.00 | |||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CSP on > TNA > Just feeling i can use this ~$28 to ~$30 strike for TNA and its trading range, we'll ROLL the previous CSP I closed and we'll go forward using the same expire date, collect a little kum keeping pushing this ball down the field ...will manage if need be> 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. | |||||||||
| ___________________________________________________________________________________ | |||||||||
| 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. | |||||||||
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| 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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