ROLLED UCPTD Trades | CCW on CSCO > $560 MADE > $800 PROJECTED > (42) days

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			NEW PMCC TRADES
STANDARD POOR MAN'S COVERED CALL TRADE IS NOW									ROLLED
Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here.						TIME AND DATE STAMP
						Friday, May 17, 2024
CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY
Cisco Systems Inc			CSCO
TRADE 1 > COLLECTED					TRADE 2 > PROJECTIONS
$560.00					$800.00
CLOSED CCW TRADE DETAILS
ORIGINAL CCW TRADE DETAILS BELOW (OPEN)
On Mar-14 I placed this original trade and below are the details of that trade.
Strike Price was			Strike Price		Days		Premium was
$48.52			$50.00		3		$0.93
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS					Contracts		Projected Cash Flow
					10		$930.00
ORIGINAL CCW TRADE DETAILS BELOW (CLOSED)
Premium was			Buy Back was		Total Cash Flow I made
$0.93			-$0.37		$560.00
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE.					-50% Rule?		Percentage Down
					YES		-60.22%
REASONING FOR BUYING BACK THIS CCW OPTION (FINAL)
WHY I CLOSED this PMCC Trade on > CSCO > Although everything pointed to a positive move after earnings for which it did move to $52x and aftermarket we get the stock pulling back to basically where I got involved which is okay we go ahead we pocket this $550 we're going to go ahead and use time to our advantage and move out our expiration date 2 weeks and we'll collect even more credits while Cisco trades in and around the $48.40 number this is a chrome collecting trade I'm going to try to collect $500 every single trade until we're out of it > The option has fallen such that its down some -0.60% at the time of this buy back and with (28) day left > To see the full blog post write-up > Go to the Real Time trade blow and type in the UT# in the top right Search area > CSCO500.93
UNIQUE CLOSED TRADE IDENTIFIER					CSCO500.93
		CLOSED TRADE ENDS | NEW TRADE BEGINS
ROLLED CCW TRADE DETAILS
NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN)
Today, May-17 I placed this NEW CCW trade and below are the details of that trade.
Strike Price was			Strike Price		Expire		Days
$48.24			$49.00		Jun-28		42
NEW Premium			Contracts		Projected Cash Flow
$0.80			10		$800.00
					Projected CoC %
					6.93%
REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL)
WHY I OPENED this PMCC Trade on > Cisco Systems Inc (CSCO) This trade on CSCO starts out as a > (3) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $560 dollars which represents 4.84% on money invested. Further commentary > Further commentary and feelings on this trade Ever since Cisco fell to $47 I've wanted to get involved and with earnings being tomorrow and feeling that the stock market has beaten them down a bit I believe they'll report and the stock could drift sideways to higher I would actually be surprised if the stock gets beaten down below $48x so at this point I believe this is a good entry and if our Shares are taken away in this 31 day period we could potentially make some $1,800 on $11,000 invested so help me out why With this new Strike Price, what is the projected LEAPS Value? If this trades as its projected, I will make money on the LEAPS Call Option > IF my shares are taken at this strike price, my expected LEAPS value will be $12.95 , my cost basis is $-11.55
UNIQUE NEW TRADE IDENTIFIER					CSCO490.8
		LEAPS CALL OPTION INFORMATION
LEAPS CALL OPTION
DETAILS OF THE LEAPS CALL OPTION I PURCHASED
Below is the LEAPS Call Option purchase information. The performance part is based on a DELTA MOVE in the LEAPS vs the ACTUAL stock move so the numbers are as close as I can get them as DELTAs can change
Symbol			Expiration		Strike		Investment
CSCO			Sep2024		$37.50		$11,550.00
Contracts			Controlling shares		Delta		Paid?
10			1000		0.9503		-$11.55
The Current LEAPS value >					Current Value		$11.10
I AM CURRENTLY (+) or (-) this amount starting this trade >							$22.65
The LEAPS value will move higher >					Projected Value		$11.82
The 'Projected Value' is based on where the LEAPS is valued at the start of this trade and where the LEAPS value will be at the strike price.
USING THIS LEAPS CALL OPTION, HOW MUCH PREMIUM ?
Below are all of the Covered Calls I have sold while owning this position. It does includes the current active Covered Call Trade.
Date Opened			Date Closed		Cash Flow			CoC% +/-
5/14/2024			May-17		$560.00			4.85%
5/17/2024			Jun-28		$800.00			6.93%
					$0.00			0.00%
					$0.00			0.00%
					$0.00			0.00%
					$0.00			0.00%
					$0.00			0.00%
					$0.00			0.00%
					$0.00			0.00%
					$0.00			0.00%
					$0.00			0.00%
					$1,360.00			11.77%

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