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 | CCW CLOSEOUT |
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| THIS 99 DELTA COVERED CALL IS CLOSED OUT | CLOSED |
| This trade started as a 99 Delta ITM CC, the stock fell below my ITM CC strike price, I bought back the option and now this is a standard PMCC using OTM CC's to exit the trade at my cost basis. |
| Today I CLOSED this 99 DELTA CCW position on NAIL |
NAIL moves way above my strike, this 99 Delta call option fulfills its purpose and I get out of this position by closing out the CC for a loss but sell the 99 Delta for a gain, were out and another WIN !
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| This trade makes $3050 in Covered Call trade profit. The stock has traded such that I've bought this option which makes $3050 This would represent 17.39% on $ invested. |
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| DETAILS FOR THE LAST COVERED CALL | CLOSED |
| To understand the buy back cost, you remove the intrinsic value from the current real time option price from the current real time stock price ... this would represent the remaining time value left in the option. This is what you subtract from your original covered call premium profit to get your final covered call premium profit for this trade. |
| Date Open | Stock Price | Strike Price | Premium |
| May-19 | $31.28 | $38.00 | $1.15 |
| Date Closed | Stock Price | Time Value Cost | Buy Back |
| Jun-16 | $117.07 | -$6.75 | -$7.90 |
| Buy Back Cost |
| -$6,750.00 |
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| DETAILS FOR THE 99 DELTA CALL OPTION | SOLD |
| Date Open | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost |
| May-19 | $50.00 | 17.63 | -$17,630.00 |
| Date Closed | | 99 Delta Sold | 99 Delta Total Sold |
| Jun-16 | | $25.80 | $541.80 |
| 99 Delta Profit/Loss |
| $8,170.00 |
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| UNIQUE TRADE IDENTIFIER | NAIL381.15 |
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| CLOSEOUT TOTALS / BREAKDOWN BY STEP |
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| PAID FOR 99 DELTA | -$17,630.00 |
| 1ST TRADE INTRINSIC VALUE | $3,460.00 |
| SOLD 99 DELTA | $25,800.00 |
| TOTAL COVERED CALL PREMIUMS COLLECTED | -$5,210.00 |
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| TOTAL CASH FLOW | $3,050.00 |
| CASH ON CASH % +/- | 17.39% |
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| DETAILED BREAKDOWN OF EACH TRADE |
| DATE | STOCK$ | STRIKE | PREM | EXPIRE | BB | CONTRACTS | | RESULT |
| May-6 | $40.46 | $37.00 | $4.20 | May-15 | $0.20 | 10 | $540.00 |
| May-14 | $35.23 | $39.00 | $1.30 | May-29 | $0.30 | 10 | $1,000.00 |
| May-19 | $31.28 | $38.00 | $1.15 | Jun-18 | $7.90 | 10 | -$6,750.00 |
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| DATE | 99D STRIKE | SOLD | 1ST TRADE IV | | CONTRACTS | | RESULT |
| Jun-13 | 21 | $25.80 | $3,460.00 | | 10 | $4,001.80 |
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| DID I TAKE PROFITS AND BUY A DIVIDEND FUND? | NO |
| 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 |
| #N/A | | Jun-16 | | $0.00 |
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| Yahoo Summary Link > | https://finance.yahoo.com/quote/PASTE CURRENT TRADE BELOW?p=PASTE CURRENT TRADE BELOW |
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| DID I SAVE SOME MONEY FOR TAXES? | NO |
| Saving money from profits to help pay for taxes is important so I moved over this amount and bought this dividend ETF as a place holder for the tax year |
| DIVIDEND PAYING STOCK | SYM | Date | Shares | Total Cost |
| #N/A | | Jun-16 | | $0.00 |
| I took 25% of the total premium profit $ and bought () shares of to keep all year and collect dividends on and come tax time I will sell equal dollars in said ETF to pay the tax man |
| Yahoo Summary Link > | https://finance.yahoo.com/quote/ |
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| JUST KEEPING IN THE IRA TO BUILD THE BANK ROLL | YES |
| Because this is in my non-taxable account I'm just going to use the premium to build the account size to make more premium versus buying dividend paying funds will save that for all my taxable accounts and with no tax implications we're not going to put any money in the tax bucket either |
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| 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. |
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| This is not a recommendation to buy or sell this stock |
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| 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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| 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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