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 | CLOSED CCW TRADE | ||||||||||||||||||
| THIS COVERED CALL HAS BEEN CLOSED | CLOSED | ||||||||||||||||||
| THE CAMPAIGN TRACKER NUMBER IS > _ | C#_AMZU_385 | ||||||||||||||||||
| This trade uses LEAPS Option to support the trade. I did not purchase shares in the traditional Covered Call trade which allowed me to make more CoC % gain on money invested | |||||||||||||||||||
| Today I CLOSED this 99 DELTA CCW position on AMZU | |||||||||||||||||||
just wanting to turn these LEAPS into more premium for October, we close these paying a little more than I wanted but still a decent trade, but now in drawdown the hope is that I will use the cost basis and get out of the trade clean and green  | |||||||||||||||||||
| This trade makes $5850 in Covered Call premium. The stock has traded such that its now trading under my cost basis and I will need to continue a Covered Call campaign until I can close the trade break even on the position + covered calls premiums as my profit. This premium represents 3.87% on money invested. | |||||||||||||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||||||||||||
| 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 | ||||||||||||||||
| Aug-21 | $37.37 | $38.00 | $2.10 | ||||||||||||||||
| Date Closed | BUYBACK | ||||||||||||||||||
| Sep-15 | -$0.15 | ||||||||||||||||||
| TOTAL PREM PROFIT | |||||||||||||||||||
| $5,850.00 | |||||||||||||||||||
| DETAILS FOR THE LEAPS CALL OPTION | OPEN | ||||||||||||||||||
| 99 Delta Expiration | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost | ||||||||||||||||
| Oct-16 | $15.00 | $21.60 | -$151,200.00 | ||||||||||||||||
| CURRENT VALUE | |||||||||||||||||||
| Current Status > Down on the Position | $19.70 | ||||||||||||||||||
My breakeven on the share price is $36.54 | CURRENT (+/-) VALUE | ||||||||||||||||||
| $137,900.00 | |||||||||||||||||||
| UNIQUE TRADE IDENTIFIER | AMZU382.1 | ||||||||||||||||||
| 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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| This is not a recommendation to buy or sell this stock | |||||||||||||||||||
| 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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