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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, January 10, 2025 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| Direxion Daily Semiconductor Bull 3X Shares | SOXL | ||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $680.00 | $2,300.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Jan-3 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 | ||||||
| $29.71 | Jan-3 | Jan-10 | 7 | ||||||
| Strike Price | Contracts | BUY BACK | Percentage Down | ||||||
| $32.00 | 20 | -$0.02 | -94.44% | ||||||
| Cash Flow Collected | Cash Flow Collected | ||||||||
| $680.00 | 1.06% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this CCW Trade on > SOXL | |||||||||
| Love buying this back from 0.02, will now ROLL this trade out possibley a couple weeks > more details > SOXL has moved lower allowing me to buyback this option , the option has fallen some -94.44% which is under the 50% rule with over (0) days to go until expiration. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | SOXL320.36 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jan-10 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $27.71 | $32.00 | Jan-31 | 0 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.15 | 20 | $2,300.00 | |||||||
| Projected CoC % | |||||||||
| 3.59% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CCW on > SOXL | |||||||||
| This > (0) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $2300 dollars which represents 3.59% on money invested. | |||||||||
| Further Commentary as to why I did this trade | |||||||||
| SOXL > Cost Basis of $32 , I have 6,000 shares and want to break these up into 2,000 share parts so I can do multiple CC's with different expire dates ... SOXL moving lower , $27.71 , I have no doubt its headed back above $30 in the coming weeks but I wait for no one as I take what the market gives me and will work these shares for every last premium penny I can get. I call this 'LEAP FROGGING' expire dates so I have a payday every Friday | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $32.00 | Assigned (CSP) | 2000 | -$64,000.00 | ||||||
| If my shares are assigned (taken) I will make money on the shares | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | SOXL321.15 | ||||||||
 | 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 Ultra Option Income Strategy ETF | ULTY | Jan-10 | 13 | $108.68 | |||||
| On Jan - 10 using profits from a trade, I bought 72 shares of ULTY at market - Filled at $8.36 - $110 | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/ULTY?p=ULTY | ||||||||
| HOW YOU WOULD BENEFIT FROM THIS TRADE | | |||||||
| BUY SHARES > SELL CALL | |||||||||
| For this trade, I already own the shares, so my total profit may or may not include stock appreciation. In your case, you would purchase the shares outright at the current trading price I’ve provided. You would then proceed to sell a near-term covered call, aiming to achieve the same premium for the same strike price and expiration date. | |||||||||
| OF COURSE, this is all projected and the final results could have you LOSING MONEY. Ensure you understand this trade and that it meets your risk tolerance. I wish you good luck. | |||||||||
| Stock Price was | Strike Price | Expire | Premium | ||||||
| $27.71 | $32.00 | Jan-31 | $115.00 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $2,771.00 | $3,200.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $544.00 | |||||||||
| 19.63% | |||||||||
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| This is not a recommendation to buy or sell this stock | |||||||||
| Disclaimer - Yes - at the time of this posting I do own shares. 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. | |||||||||
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