| 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! | $3,800.00 | ||||||||
| 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 | ||||||||
| 153 | December 1, 2023 | May 2, 2024 | |||||||
YINN |  | TIME AND DATE STAMP | |||||||
| Thursday, May 2, 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'. | |||||||||
| DETAILS FOR THIS LAST COVERED CALL TRADE | |||||||||
| Today, (20) Covered Call contract(s) were bought back on 22.47 (ticker: YINN) for the Sep-15-2023 Expiration Date, $22.5 Strike Price for a Premium of $1.20 was trading for $26.58 a share. | |||||||||
| Explaining the results on this blog post I lost money buying back the near-term covered call because the option was in the money meaning I got paid $1.2 BUT ended up paying $4.3 to buy back the obligation which then I'm allowed to share to sell my shares for the current market value of $ this is where I make an overall profit on the trade even though I lose money on the near term cover call I make money on them selling the shares out right | |||||||||
| PROJECTED PROFIT POTENIAL (STOCK MOVE + CCW PREM + DIV) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $21.45 | Apr-24 | $1.20 | 20 | ||||||
| Strike Price | Expire | Days ON | Possible Dividend | ||||||
| $22.50 | May-17 | 8 | 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 | ||||||||
| $2,400.00 | |||||||||
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 | ||||||||
| -$6,200.00 | |||||||||
| Total Prem$ | Buy Back | ||||||||
| $1.20 | -$4.30 | ||||||||
| DETAILS OF THE STOCK PURCHASE | |||||||||
| I have owned these shares with an original cost basis of $22.47 | |||||||||
| SHARES SOLD OR TAKEN | |||||||||
| BOUGHT SHARES OUTRIGHT | 2000 shares | $22.47 | -$44,940.00 | ||||||
| SOLD SHARES EITHER OUTRIGHT OR TAKEN | $26.30 | $52,600.00 | |||||||
| $7,660.00 | |||||||||
| DETAILS OF ALL PREMIUM TRADES (+/-) | |||||||||
| STANDARD COVERED CALL + BUY BACK | $700.00 | ||||||||
| STANDARD COVERED CALL + BUY BACK | $1,100.00 | ||||||||
| STANDARD COVERED CALL + BUY BACK | $540.00 | ||||||||
| LAST COVERED CALL, BUY BACK, SOLD SHARES | -$6,200.00 | ||||||||
| -$3,860.00 | |||||||||
| FINAL FINAL DETAILS OF THE OVERALL TRADE (WHY I ENDED IT) | |||||||||
| WHY I CLOSED this CCW Trade on > YINN > With about 15 days left I can close this trade a trade that I have been doing since December 1st of last year and I can be green and out of the trade have cash in hand I pay about $0.58 and time value premium to close this trade which I don't mind because I am out of this trade green green Green and like I've been telling everyone with the Chinese stocks being lower this was a steal anywhere around $20 | |||||||||
| TOTAL MONEY INVESTED | -$44,940.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $3,800.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $48,740.00 | ||||||||
| TOTAL PROFIT/LOSS (PERCENTAGE) | 8.46% | ||||||||
| 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 - Yes - at the time of this posting I do own LEAPS Call Options. That could mean in my taxable , non-taxable accounts or both. I am by no means recommending this stock for purchase | |||||||||
| 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. | |||||||||
| 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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