| 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 | December 1, 2023 | December 8, 2023 |
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| YINN | | TIME AND DATE STAMP |
| Friday, December 1, 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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| View Chart-YINN |
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| DETAILS FOR THIS COVERED CALL TRADE |
| Today a NEW (ITM) Covered Call position was opened using Direxion Daily FTSE China Bull 3x Shares (ticker: YINN) |
| Direxion Daily FTSE China Bull 3x Shares , when the stock was trading for $22.46 a share I Sold (20) (ITM) Covered Call contract(s) using (2000) shares for the November-24-2023 expiration date, strike price of $21 receiving a premium of $1.86 or $799.999999999997 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 $22.46 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 YINN > My recent trade alert > I'm watching YINN for a weekly ITM Covered Call. I would purchase 100 (or more shares) at its current price (based on the timestamp of this email) which is $22.41 per share. I would then sell the ITM > $21 strike and collect some $1.9 in premium ... $1.41 would represent intrinsic value leaving the remaining $0.49 cents in premium profit |
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| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| NO EARNINGS DURING THIS TIMEFRAME | Verify-YINN |
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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 |
| $22.46 | $21.00 | $1.86 | $800.00 |
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % |
| 7 | $1.46 | $0.40 | 1.78% |
