| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | TRADE CLOSED | ||||||||
| THIS POST SHOWS THE FINAL CCW TRADE AND TOTALS | CLOSED | ||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| I WAS ASSIGNED THESE SHARES VIA (CSP) CASH SECURED PUT | |||||||||
| THIS TRADE IS CLOSED, SHARES SOLD OR TAKEN | |||||||||
| This trade is over as my shares have been sold or taken ... below lists all of the Covered Call Premiums collected using this set of shares (for the most part) and the final total of the stock being cashed out or taken. | |||||||||
| WINNER! | $2,360.00 | ||||||||
| DAYS | HAVE OWNED THIS STOCK DURING THIS TIME | ||||||||
| 20 | June 27, 2023 | July 17, 2023 | |||||||
FAS |  | TIME AND DATE STAMP | |||||||
| Friday, March 2, 1900 | |||||||||
| 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 LAST COVERED CALL TRADE | |||||||||
| Today, (10) Covered Call contract(s) were bought back on Direxion Daily Financial Bull 3x Shares ETF (ticker: FAS) for the Jul-28-2023 Expiration Date, $62 Strike Price for a Premium of $1.7 was trading for $68.66 a share. | |||||||||
| Explaining the results on this blog post I lost money buying back the near-term covered call because the option was in the money meaning I got paid $1.70 BUT ended up paying $7.10 to buy back the obligation which then I'm allowed to share to sell my shears for the current market value of $68.68 this is where I make an overall profit on the trade even though I lose money on the near term cover call I make money on them selling the shares out right THE REASON I MAKE MORE MONEY then the Projected, this is a CLOSE OUT Trade to any and ALL Premiums are posted, I received a Cash Secured Put premium to begin this trade ... so you must ADD that to the totals for this Close Out trade. | |||||||||
| PROJECTED PROFIT POTENIAL (STOCK MOVE + CCW PREM + DIV) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $62.00 | Jun-27 | $1.70 | 10 | ||||||
| Strike Price | Expire | Days | Possible Dividend | ||||||
| $62.00 | Jul-28 | 31 | $0.00 | ||||||
This projected profit outcome includes a stock move + covered call premium collection and if a dividend is during this timeframe, add that. | Projected Cash Flow | ||||||||
| $1,700.00 | |||||||||
Because I bought this option back, I ended up losing money on the near term Covered Call but made money on the actual stock sale which is posted below | Actual Result | ||||||||
| -$5,400.00 | |||||||||
| Total Prem$ | Buy Back | ||||||||
| $1.70 | $7.10 | ||||||||
| DETAILS OF THE STOCK PURCHASE | |||||||||
| I have owned these shares with an original cost basis of $62 | |||||||||
| SHARES SOLD OR TAKEN | |||||||||
| ASSIGNED SHARES - CSP - PREMIUM COLLECTED | 1000 shares | $62.00 | $62,000.00 | ||||||
| COST BASIS / PURCHASE OF SHARES > | $62,000.00 | ||||||||
| SOLD SHARES EITHER OUTRIGHT OR TAKEN | $68.66 | $6,660.00 | |||||||
| $68,660.00 | |||||||||
| DETAILS OF ALL PREMIUM TRADES (+/-) | |||||||||
| ASSIGNED SHARES - CSP - PREMIUM COLLECTED | $1,100.00 | ||||||||
| STANDARD COVERED CALL + BUY BACK | -$5,400.00 | ||||||||
| -$4,300.00 | |||||||||
| FINAL FINAL DETAILS OF THE OVERALL TRADE (WHY I ENDED IT) | |||||||||
| WHY I CLOSED this CCW Trade > Because this option was so far in the money I've decided to run the numbers and sure enough I would only give back a little over $400 so even though I paid -$5,400 to buy back the option I'm now going to sell the shares at current value to make the money up or the difference up so basically just giving back around -$460 I can use this money to now do another trade | |||||||||
| TOTAL MONEY INVESTED | $62,000.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $64,360.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $2,360.00 | ||||||||
| TOTAL PROFIT/LOSS (PERCENTAGE) | 3.81% | ||||||||
| MET 3% GOAL | |||||||||
| General plan for my Covered Call Write 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 to 4% preferred | |||||||||
| DAYS | 20 | ||||||||
| TOTAL % COLLECTED (PROJECTED VS ACTUAL) | N/A | ||||||||
| 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. | |||||||||
| Disclaimer - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | |||||||||
| 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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