| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | CLOSED PMCC TRADE | ||||||||
| CLOSED POOR MAN'S COVERED CALL TRADE | CLOSED | ||||||||
| WINNER | $621.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| DAYS ON | THIS PMCC TRADE IS CLOSED / NO ROLL | ||||||||
| 6 | August 2, 2023 | August 8, 2023 | |||||||
HON |  | TIME AND DATE STAMP | |||||||
| Tuesday, August 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'. | |||||||||
| DETAILS FOR THIS CLOSED PMCC TRADE | |||||||||
| Today, (3) Covered Call contract(s) were bought back on Honeywell International Inc (ticker: HON) Because I bought this option back early, I did not make max profit. The final profit / cash flow collected is posted below. Note, instead of making the original premium profit projection of ~$2.87 per share or $861, I collected less which equaled ~$621. of the total projected cash flow for this trade. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| Because I bought this option back, my shares were not taken and this is a premium profit trade only. | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $193.33 | Aug-2 | $2.87 | 3 | ||||||
| Strike Price | Expire | Days | Collected Cash Flow | ||||||
| $195.00 | Sep-1 | 6 | $621.00 | ||||||
| WHY I CLOSED this PMCC CCW Trade > this trade didnt go as I thought, its ok, we will use the 'Expected stock move' calc and pick a OTM strike that I can manage ... dividend dip is coming to a possible short term,. open trade then buy back... we will manage the trade | |||||||||
| DETAILS OF THIS TRADE (IF BUY BACK HAPPENED) | |||||||||
| Premium collected? | CoC% +/- | Contracts | |||||||
| $2.07 | 1.07% | 3 | DO NOT MEET 3% GOAL | ||||||
| -50% Rule? | Buy Back Cost | Percentage Down | |||||||
| CLOSE | -$0.80 | -72.13% | |||||||
| 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 | |||||||||
| WHAT IS THE PLAN FOR THESE SHARES? | |||||||||
| BECAUSE I DID NOT ROLL FOR ANOTHER CREDIT, I'M TAKING A 'WAIT AND SEE' APPROACH AND WILL MONITOR THE MARKETS DAILY FOR ANOTHER CHANCE TO PUT THESE SHARES 'IN PLAY' HOPING TO ACHIEVE A PROFIT ON THE COST BASIS OF MY SHARE PURCHASE | |||||||||
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| This is not a recommendation to buy or sell this stock | |||||||||
| 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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