| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | CLOSED CSP TRADE | ||||||||
| STANDARD CASH SECURED PUT TRADE IS NOW | CLOSED | ||||||||
| ASSIGNED | $1,050.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| DAYS ON | THIS CASH SECURED PUT TRADE IS CLOSED | ||||||||
| 7 | September 15, 2023 | September 22, 2023 | |||||||
TQQQ |  | TIME AND DATE STAMP | |||||||
| Wednesday, September 27, 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'. | |||||||||
| View Chart-TQQQ | |||||||||
| DETAILS FOR THIS CASH SECURED PUT TRADE | |||||||||
| Today, (10) Cash Secured Put contracts closed assigning me the shares of ProShares UltraPro QQQ (ticker: TQQQ)which was for the Sep-22-2023 Expiration Date, $39.5 Strike Price for a Premium of $1.05 > TQQQ was trading for $39.72 a share. Because I was assigned the shares, I did make max profit on the trade. The final profit / cash flow collected it posted below. I collected $1.05 or 100% of the total projected cash flow for this trade. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| CASH SECURED PUTS ARE PREMIUM ONLY TRADES | |||||||||
| I was assigned these shares with the Cost Basis for my stock being the Strike Price of this Cash Secured Put. | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $39.72 | Sep-15 | Sep-22 | 7 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $39.50 | 10 | $0.00 | $1,050.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $39,500.00 | 2.66% | ||||||||
| WHY THIS CASH SECURED PUT WAS CLOSED (ASSIGNED/BUYBACK) | |||||||||
| WHY I CLOSED this CSP Trade > this trade expired, I have been assigned the shares so now we look to sell a covered call | |||||||||
| General plan for my Cash Secured Puts Cash on Cash % investments > I like to generate a 2% 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 2 ot 3% preferred | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $1.05 | $0.53 | $0.00 | $0.00 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| N/A | -100.00% | ||||||||
| What does this mean? If within the first week the option falls 50% I will buy back the option and look to roll for another credit ... if the option falls to 10% of the value, I will buy back and roll. | |||||||||
| THIS TRADE (ADDS) CASH FLOW TO MY YEARLY TOTALS | |||||||||
| JANUARY | $1,670.00 | ||||||||
| FEBRUARY | $4,635.00 | ||||||||
| MARCH | $28,635.44 | ||||||||
| APRIL | $14,270.00 | CURRENT TOTALS | |||||||
| MAY | $15,377.00 | $138,157.42 | |||||||
| JUNE | $20,015.00 | 2023 | |||||||
| JULY | $15,122.00 | ||||||||
| AUGUST | $24,828.00 | ||||||||
| SEPTEMBER | $13,604.98 | ||||||||
| OCTOBER | $0.00 | ||||||||
| NOVEMBER | $0.00 | ||||||||
| DECEMBER | $0.00 | ||||||||
| - | |||||||||
| 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 - 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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