| All rights reserved - Core Position Trading, LLC-2023 | ||||
 | CLOSEOUT TRADE | |||
| POOR MAN'S COVERED CALL POSITION CLOSEOUT | CLOSEOUT | |||
Today this PMCC Trade CLOSED (LEAPS Sold) All Trades closed , below are the final results | TIME AND DATE STAMP | |||
| Monday, December 4, 2023 | ||||
| LOSER | -$2,550.00 | |||
| Block Inc | SQ |  | ||
| 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'. | ||||
| THIS TRADE LASTED (119) DAYS MAKING SOME 17.21% ON CASH INVESTED | ||||
| 119 | August 4, 2023 | December 1, 2023 | ||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | ||||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| WHY I CLOSED this PMCC CCW Trade > SQ > I HAD MY SHARES ASSIGNED @ $57 and this would mean I take a serious lost on this trade ... I think at a certain point I decided to let this go as a loss but truth be told, with so many positions I missed that this was to expire on Dec-1 and just missed it ... because SQ traded way over my $57 strike, to my surprise on Monday I was assigned so I sold the LEAPS and here is the final loss. | ||||
| DETAILS LEAP CALL OPTION I'M USING FOR THIS PMCC | ||||
| CCW $ | LEAP $ | SHORT SELL | STRIKE $ | |
| $1,350.00 | -$185.00 | -$3,715.00 | $57.00 | |
| CLOSEOUT TOTALS / BREAKDOWN BY STEP | ||||
| BUY TO CLOSE SHORT POSITION | -$3,715.00 | |||
| (+/-) GAIN OR LOSS OF LEAPS | -$185.00 | |||
| TOTAL COVERED CALL PREMIUMS COLLECTED | $1,350.00 | |||
| TOTAL CASH FLOW (+/-) | -$2,550.00 | |||
| TOTAL CASH ON CASH % (+/-) | -18.08% | |||
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| ________________________________________________________________________________ | ||||
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