| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD ITM COVERED CALL TRADE IS NOW | CLOSED | ||||||||
WINNER | $2,440.00 | ||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 7 | December 13, 2023 | December 20, 2023 | |||||||
COIN |  | TIME AND DATE STAMP | |||||||
| Wednesday, December 20, 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'. | |||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED an 'In The Money' (ITM) Covered Call position on (COIN) | |||||||||
| (5) Covered Call contracts were bought back on Coinbase Global Inc (ticker: COIN) for the expiration Date (2) days early , the original strike price was $140 strike price for a premium of $8.15 for which only $4.24 was time value premium or the profit in this trade. > COIN was trading for $143.9 a share. Because I bought this option back early, I did not make max profit. The final profit / cash flow collected it posted below. Instead of making the original premium, I collected $2,440 or 3.39% for this money invested. | |||||||||
| Stock Price - placed | Strike Price | Date | Expire / Closed | ||||||
| $143.90 | $140.00 | Dec-13 | Dec-20 | ||||||
| Days On | Contracts | BUY BACK | Cash Flow Collected | ||||||
| 7 | 5 | -$17.70 | $2,440.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $71,785.00 | 3.40% | ||||||||
| COMMENTARY ON THE CLOSING OF THIS TRADE | |||||||||
| WHY I CLOSED this ITM CCW Trade > COIN > The stock railled and stayed above my ITM Strike price I was able to buy this option back only paying this in TimeValue (ie, giving back this amount in my premium profit) for which Im ok with and will sell the shares to officially end this trade. | ||||||||
| THE TRADE SETUP USING THE ITM CALC | |||||||||
 | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $143.57 | Bought | 500 | $71,785.00 | ||||||
| SOLD SHARES | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| 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 - 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 | |||||||||
| 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 | ||||||||
