| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | CLOSED PMCC TRADE | ||||||||
| THIS PMCC TRADE IS CLOSED / NO ROLL | CLOSED | ||||||||
| ADDED CASH FLOW | $880.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| 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 | |||||||||
| DAYS ON | THIS PMCC TRADE IS CLOSED / NO ROLL | ||||||||
| 20 | September 27, 2023 | October 17, 2023 | |||||||
LVS |  | TIME AND DATE STAMP | |||||||
| Tuesday, October 17, 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-LVS | |||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, (20) Covered Call contract(s) were bought back on Las Vegas Sands Corp. (ticker: LVS) 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 ~$0.75 per share or $1,500, I collected less which equaled ~$880 of the total projected cash flow for this trade. | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I CLOSED this PMCC CCW Trade > LVS > I decided to take this trade off the board early because Las Vegas Sands has earnings tomorrow and what I'd like to do is pocket this $880 then sit back and wait as I think Sands will probably move higher on earnings and then I can write a covered call where the strike price could possibly be in the 50s so I'm taking a risk giving up $660 in the hopes that after earnings tomorrow the stock will move a bit higher and then I can write a covered call into November possibly closing the entire position at a profit | |||||||||
| > as with every trade, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself. | |||||||||
| PROJECTED PROFIT POTENTIAL (IF SHARES ARE TAKEN) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $45.36 | Sep-27 | $0.75 | 20 | ||||||
| Strike Price | Expire | Days | Collected Cash Flow | ||||||
| $49.00 | Oct-27 | 20 | $880.00 | ||||||
| Buy Back | Final Made ? | Total CoC% gain | |||||||
| -$0.31 | $0.44 | 0.87% | |||||||
| 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 | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% Rule | 10% Rule | |||||||
| $0.75 | $0.38 | $0.08 | |||||||
| 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 WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | Verify-LVS | ||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| LEAPS CALL OPTION | |||||||||
| 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 | ||||||
| LVS | Jan2024 | $33.00 | $17.40 | ||||||
| Contracts | Controlling shares | Delta | Investment | ||||||
| 20 | 2000 | 0.95 | $34,790.00 | ||||||
| Current Value | Current +/- | ||||||||
| $12.95 | (-) $4.445 | ||||||||
| 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% +/- | ||||||
| Sep-11 | Sep-20 | $980.00 | 2.82% | ||||||
| Sep-27 | Oct-17 | $880.00 | 2.53% | ||||||
| #VALUE! | |||||||||
| #DIV/0! | |||||||||
| #DIV/0! | |||||||||
| #DIV/0! | |||||||||
| #DIV/0! | |||||||||
| $1,860.00 | 1.84% | ||||||||
| WHERE AM I ON A DOLLAR WIN/LOSS BASIS AS OF THIS LAST TRADE | |||||||||
| CURRENT LEAPS VALUE + CC PREMIUMS | -$7,030.00 | -20.21% | |||||||
| 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 | |||||||||
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