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 | NEW CCW TRADES | ||||||||
| STANDARD COVERED CALL TRADE(S) 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 31, 2024 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| 3x ETF | TNA |  | |||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $1,375.00 | $2,225.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Mar-24 I placed this original trade and below are the details of that trade. | |||||||||
| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $38.54 | May-24 | May-31 | 7 | ||||||
| Strike Price | Contracts | BUY BACK | Percentage Down | ||||||
| $37.50 | 25 | -$0.90 | -37.93% | ||||||
| Cash Flow Collected | Cash Flow Collected | ||||||||
| $1,375.00 | 1.43% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this CCW Trade on > TNA > I actually did not sell my shares at the strike price of 3750 when I did the buyback I got distracted and had to leave my computer the stock moved from $38.38 all the way down to $37.85 which does not make this a profitable trade had I sold the shares so what we were going to do is use this same $38.54 cost basis this is the price I paid for the shares and we're going to write a one week covered call and out of the money covered call using the $38.54 cost basis so I will use the $38.50 strike price losing 4 cents on my Share value but will make close to $1 in time value premium which will make this a profitable trade even though this did not go as planned for an in the money strike this week > | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | TNA37.51.45 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, May-31 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $37.82 | $38.50 | Jun-7 | 7 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $0.89 | 25 | $2,225.00 | |||||||
| Projected CoC % | |||||||||
| 2.31% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CCW on > TNA > (7) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $2,225 dollars which represents 2.30% on money invested. Further commentary > After making the mistake of buying back my option with these shares and not selling the stock at the moment I did the buyback it turns out the stock fell almost a dollar so I'm going to need to keep these shares and what we're going to do is write this covered call we go from writing and in the money covered call to now writing an out of the money covered call keeping my cost basis of $38.54 and we're just treating this as a weekly covered call until my Shares are taken away at $38.54 | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | TNA38.50.89 | ||||||||
 | DIVIDEND TREE PURCHASE (IF ANY) | | |||||||
| DIVIDEND TREE | |||||||||
| DETAILS OF THE DIVIDEND STOCK I PURCHASED WITH PROFIT | |||||||||
| Using Covered Call profits , I want to buy dividend paying stocks to provide a passive income for me and my family , below I share if I purchased any | |||||||||
 | |||||||||
| DID I ADD TO A 'DIVIDEND TREE' WITH THE PROFITS? | |||||||||
| Using Covered Call profits , I want to buy dividend paying stocks to provide a passive income for me and my family , below I share if I purchased any | |||||||||
| DIVIDEND PAYING STOCK | SYM | Date | Shares | Total Cost | |||||
| YieldMax AMD Option Income Strategy ETF | AMDY | May-31 | 68 | $1,192.04 | |||||
| On May -31 using profits from a trade, I bought 68 - Shares of AMDY at Market - Filled at $17.53 - $1,200 | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/CLM?p=CLM | ||||||||
| 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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