| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
 | NEW CCW TRADE | ||||||||
| NEW (ITM) COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 7 | May 17, 2024 | May 24, 2024 | |||||||
YINN |  | TIME AND DATE STAMP | |||||||
| Friday, May 17, 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 TRADE IDENTIFIER | YINN312.6 | ||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW (ITM) Covered Call position was opened using (ticker: YINN) | |||||||||
| Direxion Daily FTSE China Bull 3x Shares , when the stock was trading for $32.93 a share I Sold (16) (ITM) Covered Call contract(s) using (1600) shares for the May-24-2024 expiration date, strike price of $31 receiving a premium of $2.6 or $1072. in up front cash flow to begin this trade. These shares I'm using have were aquired via (I bought these shares outright for this trade) and have a cost basis of $32.93 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. | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > YINN > (7) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $1072. dollars which represents 2.03% on money invested. Further commentary > All the China Large Caps moved higher and so has YINN ... I feel it will move up and down but for me, I feel this is YINN's new range in the short term so we plan it ... this is trade #1 , if YINN falls and we keep these shares, trade #2 will be something at my cost basis of $31 now | |||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| 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 | ||||||
| $32.93 | $31.00 | $2.60 | $1,072.00 | ||||||
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % | ||||||
| 7 | $1.93 | $0.67 | 2.03% | ||||||
| This being an ITM Covered Call ... I did collect the premium of $2.6 but remember that I'm giving away my shares cheaper at $31 so in this case the Time Value premium profit could be $0.67 or $1072. in total premium profit if NO buy back. | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $32.93 | Bought | 1600 | -$52,688.00 | ||||||
| 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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