| All rights reserved - Core Position Trading, LLC-2023 |
 | NEW CCW TRADE |
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| NEW (ITM) COVERED CALL TRADE IS NOW | OPEN |
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| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS |
| 7 | November 17, 2023 | November 24, 2023 |
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| TQQQ | | TIME AND DATE STAMP |
| Friday, November 17, 2023 |
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| 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'. |
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| DETAILS FOR THIS COVERED CALL TRADE |
| Today a NEW (ITM) Covered Call position opened using 3x ETF (ticker: TQQQ) |
| ProShares UltraPro QQQ , when the stock was trading for $43.55 a share I Sold (20) (ITM) Covered Call contract(s) using (2000) shares for the November-24-2023 expiration date, strike price of $43 receiving a premium of $1.21 or $2420 in up front cash flow to begin this trade. These shares I'm using have were acquired via (I bought these shares outright for this trade) and have a cost basis of $43.55 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. |
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| COMMENTARY AS TO WHY I OPENED THIS TRADE |
| WHY I OPENED this CCW on TQQQ > My trade alert for this trade this past weekend, I mentioned I was looking at an ITM 3 1/2 day trade on TQQQ ... we dont go deep in the money, on the $43 strike but will take this 0.63 or $1,260 in this short window and hope my sharse are taken, if not, we will write a 30 day covered call come Monday. |
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| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| NO EARNINGS DURING THIS TIMEFRAME |
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| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME |
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| PROJECTED PROFIT POTENTIAL (CCW PREM ONLY) |
| If this trade goes as planned, I will have my shares taken at my strike price and I will only collect the difference between the Real Money and Time Value which is the plan |
| COST BASIS | STRIKE | PREM | Projected Cash Flow |
| $43.58 | $43.00 | $1.21 | $1,260.00 |
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % |
| 7 | $0.58 | $0.63 | 1.45% |
