| All rights reserved - Core Position Trading, LLC-2023 | |||||||||
 | NEW CCW TRADE | ||||||||
| NEW (OTM) COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 31 | December 19, 2023 | January 19, 2024 | |||||||
LVS |  | TIME AND DATE STAMP | |||||||
| Tuesday, December 19, 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'. | |||||||||
| View Chart-LVS | |||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW Covered Call position was opened using Covered Call (ticker: LVS) | |||||||||
| Covered Call , when the stock was trading for $48.19 a share , I Sold (3) (OTM) Covered Call contracts(s) using (300) shares for the January-19-2024 Expiration Date, $50.00 Strike Price receiving a Premium of $0.91 or $273 cash flow. | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on LVS > With LVS (Sands) moving a bit higher close to my $50.15 cost basis, just writing another krum CC for ~$270 ... and continue to take those CC profits and buy Closed End Funds that pay monthly dividends to keep my money tree garden growing for passive income.> STOCK (=) > The stock is trading ~even with what would be my 'cost basis' for the shares, so if my shares are taken I will ~break even on the stock sale. | ||||||||
| > as with every trade, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself. | |||||||||
| PROJECTED PREMIUM + DIVIDEND ONLY POTENTIAL (CCW PREM + DIV) | |||||||||
| If the stock finishes below the strike price and my shares are not taken for either the dividend or it finishing in the money at expiration, below is the projected PROFIT projections for this trade. | |||||||||
| Total Prem$ | Dividend | Projected Cash Flow | |||||||
| $273.00 | $0.00 | $273.00 | |||||||
| Verify-LVS | Cash on Cash % | ||||||||
| 1.81% | |||||||||
| WHAT IF MY SHARES ARE TAKEN | |||||||||
| What if my shares were expectedly taken on this trade prior to expiration or I didn't manage it correctly by ending the trade early if I didn't want my shares taken prior to the expire date? | |||||||||
| Cost Basis - per share | Shares taken | I would Profit or Lose this | |||||||
| $50.15 | $50.00 | -$45.00 | |||||||
| SHARES TAKEN - I WILL NOT LOSE money as my stock purchase price is lower making this a profitable trade. | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $50.15 | Bought | 300 | -$15,045.00 | ||||||
| HOW MUCH AS THIS MONEY INVESTED MADE USING THIS STOCK? | |||||||||
| Using this money invested, have I been able to generate any cash flow off this money invested using this stock? below I outline selling premium trades associated with this money invested. | |||||||||
| Date | Type | Actual Prem $ | Total | ||||||
| Sep-7 | CCW | $1.79 | $483.00 | ||||||
| Nov-21 | CCW | $0.98 | $270.00 | ||||||
| How much cash flow I've generated using this money invested > | $753.00 | ||||||||
| How much (if any) am I down on the shares ? | -$588.00 | ||||||||
| What does this mean? I'm currently DOWN on the shares purchase by this much ... I DO NOT use CC Prems for cost basis reduction ... so this is what I down on the stock right now or as of this trade | |||||||||
| 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. | |||||||||
| 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. | |||||||||
| Disclaimer - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | |||||||||
| 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 | ||||||||
