| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
 | TRADE CLOSED | ||||||||
| THIS POST SHOWS THE FINAL CCW TRADE AND TOTALS | CLOSED | ||||||||
| FINAL TRADE (TOTAL TRADE #'s BELOW) | |||||||||
| WINNER! | $5,724.00 | ||||||||
| EXPLAIN THIS? One this final trade I made the above amount ... below you will be that I might have made more ... that because I used this money (investment) to other premium trades. | |||||||||
| DAYS | HAVE OWNED THIS STOCK DURING THIS TIME | ||||||||
| 34 | April 5, 2024 | May 9, 2024 | |||||||
TNA |  | TIME AND DATE STAMP | |||||||
| Thursday, May 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'. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | TNA380.6 | ||||||||
| DETAILS FOR THIS LAST COVERED CALL TRADE | |||||||||
| Today, (18) Covered Call contract(s) were bought back on Direxion Daily Small Cap Bull 3x Shares (ticker: TNA) for the May-10-2023 Expiration Date, $38.00 Strike Price for a Premium of $0.60 was trading when closed > $38.84 a share. | |||||||||
| ONLY THE LAST TRADE'S CC PREMIUM PROFIT AND THE SHARE SELL ARE CALCUATED FOR THE CURRENT MONTH , THE TOTAL EQUALS THE ENTIRE TIME I'VE HELD THE SHARES. | |||||||||
| PROJECTED PROFIT POTENIAL (STOCK MOVE + CCW PREM + DIV) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $35.50 | May-1 | $0.60 | 18 | ||||||
| Strike Price | Expire | Days | Possible Dividend | ||||||
| $38.00 | May-10 | 9 | N/A | ||||||
This projected profit outcome includes a stock move + covered call premium collection and if a dividend is during this timeframe, add that. | Projected Cash Flow | ||||||||
| $1,080.00 | |||||||||
Because I bought this option back, I ended up losing money on the near term Covered Call but made money on the actual stock sale which is posted below | Actual Result | ||||||||
| $828.00 | |||||||||
| Total Prem$ | Buy Back | ||||||||
| $0.60 | -$0.14 | ||||||||
| DETAILS OF THE STOCK PURCHASE | |||||||||
| I have owned these shares with an original cost basis of $38 | |||||||||
| SHARES SOLD OR TAKEN | |||||||||
| BOUGHT SHARES OUTRIGHT | 1800 shares | $38.00 | -$68,400.00 | ||||||
| SOLD SHARES EITHER OUTRIGHT OR TAKEN | $38.73 | $69,714.00 | |||||||
| $1,314.00 | |||||||||
| DETAILS OF ALL PREMIUM TRADES (+/-) | |||||||||
| LAST COVERED CALL, BUY BACK, SOLD SHARES | $828.00 | ||||||||
| STANDARD COVERED CALL + BUY BACK | $1,026.00 | ||||||||
| STANDARD COVERED CALL + BUY BACK | $1,368.00 | ||||||||
| STANDARD COVERED CALL + BUY BACK | $1,188.00 | ||||||||
| $4,410.00 | |||||||||
| FINAL FINAL DETAILS OF THE OVERALL TRADE (WHY I ENDED IT) | |||||||||
| WHY I CLOSED this CCW Trade on > TNA > I gave back 0.15 cents of my 0.60 cent time value premium profit to close this trade largely because I want to use this money for another trade so basically I gave up 0.15 cents for time because I'm going to make this trade later today giving me tomorrow and then the entire next week so I'm willing to do that considering I made a profit and I sold the shares out right above my strike of $38 and that was also my cost basis so this is a green trade all around > | |||||||||
| TOTAL MONEY INVESTED | -$68,400.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $5,724.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $74,124.00 | ||||||||
| TOTAL PROFIT/LOSS (PERCENTAGE) | 8.37% | ||||||||
| 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 | |||||||||
| Disclaimer - No - This position (stock) was sold. I may or may not own a position in this stock in other trades but as for this trade, these shares have been sold | |||||||||
| 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. | |||||||||
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