OPEN CCW Trade | BROS > $600 projected (18) days

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			NEW CCW TRADE
NEW STANDARD COVERED CALL TRADE IS NOW									OPEN
DAYS		THIS NEW CCW TRADE BEGINS AND ENDS
18		October 9, 2023				October 27, 2023
	BROS					TIME AND DATE STAMP
						Monday, October 9, 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 COVERED CALL TRADE
Today a NEW Covered Call position was opened using Dutch Bros Inc (ticker: BROS) when the stock was trading for $24.14 a share. I Sold (20) Covered Call contract(s) using (2000) shares for the October-27-2023 Expiration Date, $26.00 Strike Price receiving a Premium of $0.30 or $600 in upfront cash flow to begin this trade. This would an (OTM) Covered Call trade. These shares I'm using have were acquired via (I BOUGHT THESE SHARES OUTRIGHT FOR THIS TRADE) and have a cost basis of $29.02 per share.
> 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.
COMMENTARY AS TO WHY I OPENED THIS TRADE
WHY I OPENED this CCW on > BROS > Feeling I have to do something with these shares, I used the 'expected stock move' calc to determine based on current ATM IV , $26 is on the high side of the trading range so I will use this strike and manage the trade as to not have my shares taken as I would lose money. > I also feel the stock is trading in a near term range I feel I can manage, I've decided to buy shares and write the OTM strike in hopes the stock will recover a bit and move higher allowing me to catch a little stock appreciation and covered call premium and having my shares taken for another possible MAX profit trade.
THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT
NO EARNINGS DURING THIS TIMEFRAME
NO EX-DIVIDEND DATE DURING THIS TIMEFRAME

PROJECTED PREMIUM ONLY POTENTIAL (CCW PREM EXPIRE WORTHLESS)
If the stock finishes below the strike price and my shares are not taken and no dividend was offered then this becomes a premium trade only and below is the projected PROFIT projections for this trade.
					Total Prem$		Projected Cash Flow
					$600.00		$600.00
							Cash on Cash %
							1.03%
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

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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
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