| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW PMCC TRADES | ||||||||
| STANDARD POOR MAN'S COVERED CALL TRADE IS NOW | ROLLED | ||||||||
Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP | ||||||||
| Wednesday, July 26, 2023 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| Gilead Sciences | GILD |  | |||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $270.00 | $450.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Jul-5 I placed this original trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Days | Premium was | ||||||
| $77.12 | $80.00 | 23 | $0.59 | ||||||
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS | Contracts | Collected Cash Flow | |||||||
| 5 | $295.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (CLOSED) | |||||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $0.59 | -$0.05 | $270.00 | |||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | -91.53% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| In this case, the Covered Call (CCW) option where I receIved more premium then I had to pay back was profitable | |||||||||
| WHY I CLOSED this PMCC CCW Trade > GILD has fallen such that the option is a mere 0.05 cents, we'll take this off the board and look to ROLL this option to keep the little credits coming in. | |||||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jul-26 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Gilead Sciences | GILD | | |||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $76.99 | $81.00 | Aug-25 | 30 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $0.90 | 5 | $450.00 | |||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CCW on > GILD > GILD - Right now I'm able to write these $81 strike cover calls basically because that's at the money for me and if my shares were taken away I would profit both on the covered calls and the LEAPS Call Option so this is a $450 crumb I don't expect the stock to get to $80 by Aug 25th , I understand the company has earnings ... I will weather that storm and manage this trade as it plays out.> 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. | |||||||||
| 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. | |||||||||
| 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 | ||||||||
-
-
-
-
-
