| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | CLOSEOUT TRADE | ||||||||
| POOR MAN'S COVERED CALL POSITION HAS BEEN CLOSED OUT | CLOSED | ||||||||
| WINNER | $801.00 | ||||||||
| DAYS | THIS TRADE STARTED AND ENDED | ||||||||
| 98 | August 2, 2023 | November 8, 2023 | |||||||
HON |  | TIME AND DATE STAMP | |||||||
| Friday, November 3, 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'. | |||||||||
| PMCC CLOSE OUT | |||||||||
| COMMENTARY AS TO WHY I ENDED THIS TRADE | |||||||||
| WHY I CLOSED this PMCC CCW Trade > HON > HON's stock had rallied such that buying it back and rolling would add so much cost to the trade and if HON falls, Im holding all of that added cost so we take this little $800 profit and we move on, not trying to be a super hero and roll ... its a green trade... would have loved to preserve the CC prems but it worked it til the end. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| LEAPS CALL OPTION SALE | |||||||||
| 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 | ||||||
| HON | Mar2024 | $140.00 | $56.59 | ||||||
| Contracts | Controlling shares | Delta | Investment | ||||||
| 3 | 300 | 0.95 | $16,977.00 | ||||||
| Sold | Current +/- | ||||||||
| $59.60 | (+) $3.01 | ||||||||
| $903.00 | 5.32% | ||||||||
| 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 | |||||||
| Aug-2 | Jul-11 | $621.00 | |||||||
| Aug-11 | Jul-8 | $432.00 | |||||||
| Aug-24 | Jul-4 | $258.00 | |||||||
| Sep-12 | Jul-7 | $336.00 | |||||||
| Oct-9 | Jul-3 | $321.00 | |||||||
| Oct-26 | Jun-26 | -$285.00 | |||||||
| Nov-3 | Jul-7 | $180.00 | |||||||
| Nov-8 | Jul-2 | -$1,965.00 | |||||||
| -$102.00 | -0.60% | ||||||||
| TOTAL MONEY INVESTED | $16,977.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $17,778.00 | ||||||||
| TOTAL MONEY INVESTED | $801.00 | ||||||||
| TOTAL PROFIT/LOSS (PERCENTAGE) | 4.72% | ||||||||
| MET 3% GOAL | |||||||||
| - | |||||||||
| 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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