| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | CLOSEOUT TRADE | ||||||||
| POOR MAN'S COVERED CALL POSITION HAS BEEN CLOSED OUT | CLOSED | ||||||||
| WINNER | $2,240.00 | ||||||||
| DAYS | THIS TRADE STARTED AND ENDED | ||||||||
| 96 | May 12, 2023 | August 16, 2023 | |||||||
GILD |  | TIME AND DATE STAMP | |||||||
| Wednesday, July 26, 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'. | |||||||||
| PMCC CLOSE OUT | |||||||||
| COMMENTARY AS TO WHY I ENDED THIS TRADE | |||||||||
| 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. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| LEAPS CALL OPTION SALE | |||||||||
| DETAILS OF THE LEAPS CALL OPTION I PURCHASED | |||||||||
| Below is the LEAPS Call Option purchase information. The performance part is based on a DELTA MOVE in the LEAPS vs the ACTUAL stock move so the numbers are as close as I can get them as DELTAs can change | |||||||||
| Symbol | Expiration | Strike | Paid | ||||||
| GILD | Jan2024 | $42.50 | $36.70 | ||||||
| Contracts | Controlling shares | Delta | Investment | ||||||
| 5 | 500 | 95.5 | $18,350.00 | ||||||
| Sold | Current +/- | ||||||||
| $37.68 | (+) $0.979999999999997 | ||||||||
| $490.00 | 2.67% | ||||||||
| USING THIS LEAPS CALL OPTION, HOW MUCH PREMIUM ? | |||||||||
| Below are all of the Covered Calls I have sold while owning this position. It does includes the current active Covered Call Trade. | |||||||||
| Date Opened | Date Closed | Cash Flow | CoC% +/- | ||||||
| May-12 | May-25 | $495.00 | 2.70% | ||||||
| May-12 | May-25 | $265.00 | 1.44% | ||||||
| Jun-16 | Jun-26 | $500.00 | 2.72% | ||||||
| Jul-5 | Jul-28 | $295.00 | 1.61% | ||||||
| Jul-5 | Jul-26 | $270.00 | 1.47% | ||||||
| Jul-26 | Aug-25 | -$75.00 | -0.41% | ||||||
| #DIV/0! | |||||||||
| #DIV/0! | |||||||||
| #DIV/0! | |||||||||
| #DIV/0! | |||||||||
| #DIV/0! | |||||||||
| $1,750.00 | 9.54% | ||||||||
| TOTAL MONEY INVESTED | $18,350.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $20,590.00 | ||||||||
| TOTAL MONEY INVESTED | $2,240.00 | ||||||||
| TOTAL PROFIT/LOSS (PERCENTAGE) | 12.21% | ||||||||
| MET 3% GOAL | |||||||||
 | |||||||||
| 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. | |||||||||
| This is not a recommendation to buy or sell this stock | |||||||||
| Yes, at the time of this trade I do own a position (LEAPS Call Option) | |||||||||
| 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. | |||||||||
| 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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