| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD ITM COVERED CALL TRADE IS NOW | CLOSED | ||||||||
WINNER | $720.00 | ||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 4 | February 5, 2024 | February 9, 2024 | |||||||
TNA |  | TIME AND DATE STAMP | |||||||
| Friday, February 9, 2024 | |||||||||
| 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 (TNA) | |||||||||
| (10) Covered Call contracts were bought back on Direxion Daily Small Cap Bull 3X ETF (ticker: TNA) for the expiration Date (7) days early , the original strike price was $31.50 strike price for a premium of $3.05 for which only $0.82 was time value premium or the profit in this trade. > TNA was trading for $33.73 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 $720 or 2.13% for this money invested. | |||||||||
| Stock Price - placed | Strike Price | Date | Expire / Closed | ||||||
| $33.73 | $31.50 | Feb-5 | Feb-9 | ||||||
| Days On | Contracts | BUY BACK | Cash Flow Collected | ||||||
| 4 | 10 | -$0.10 | $720.00 | ||||||
| Premium | Cash Invested? | Cash Flow Collected | |||||||
| $3.05 | $33,730.00 | 2.13% | |||||||
| COMMENTARY ON THE CLOSING OF THIS TRADE | |||||||||
| WHY I CLOSED this PMCC Trade on > TNA > The option has fallen such that its down some -0.96% at the time of this buy back and with (7) day left Ive elected to pay this amount and use this time to ROLL for another credit if possible. Using the premium profit, I purchased a Monthly Dividend paying stock outlined here > Feb-09-2024-Buy 40 Shares of PYPY at Market (Day)-Filled at $17.46-$698.40 | ||||||||
| THE TRADE SETUP USING THE ITM CALC | |||||||||
| - | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $33.73 | Bought | 1000 | $33,730.00 | ||||||
| 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 | |||||||||
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