| All rights reserved - Core Position Trading, LLC-2023 | ||||
 | CLOSEOUT TRADE | |||
| POOR MAN'S COVERED CALL POSITION CLOSEOUT | CLOSEOUT | |||
Today this PMCC Trade CLOSED (LEAPS Sold) All Trades closed , below are the final results | TIME AND DATE STAMP | |||
| Monday, July 24, 2023 | ||||
| WINNER | $1,099.87 | |||
| Energy Spider ETF | XLE |  | ||
| 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'. | ||||
| THIS TRADE LASTED (78) DAYS MAKING SOME 17.21% ON CASH INVESTED | ||||
| 78 | May 4, 2023 | July 21, 2023 | ||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | ||||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| WHY I CLOSED this PMCC CCW Trade > Assigned, or had my shares taken , this trade is closed making $79 a share on this trade; however, that does not include all trades during this PMCC timeframe which will be displayed on the CLOSEOUT Blog Post | ||||
| DETAILS LEAP CALL OPTION I'M USING FOR THIS PMCC | ||||
| CCW $ | LEAP $ | STRIKE $ | SHORT SELL | |
| $1,000.00 | $1,368.00 | $15,799.87 | -$17,068.00 | |
| CLOSEOUT TOTALS / BREAKDOWN BY STEP | ||||
| BUY TO CLOSE SHORT POSITION | -$17,068.00 | |||
| CASH PAID FOR SHARES ($79) STRIKE | $15,799.87 | |||
| TOTAL | -$1,268.13 | |||
| PAID FOR LEAPS | -$6,390.00 | |||
| SOLD LEAPS | $7,758.00 | |||
| TOTAL | $1,368.00 | |||
| TOTAL COVERED CALL PREMIUMS COLLECTED | $1,000.00 | |||
| TOTAL CASH FLOW | ||||
| $1,099.87 | ||||
| CASH ON CASH % +/- | ||||
| 17.21% | ||||
| DETAILS OF THE LAST COVERED CALL IS POSTED BELOW | ||||
| WHY I CLOSED this PMCC CCW Trade > Assigned, or had my shares taken , this trade is closed making $79 a share on this trade; however, that does not include all trades during this PMCC timeframe which will be displayed on the CLOSEOUT Blog Post | ||||
| SEE PICTURE BELOW | ||||
| ________________________________________________________________________________ | ||||
| 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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