NEW UCPTD WHEEL Trade Alert - DKNG - Cash Secured Put (30 days)

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Cash Secured Put - Starting a NEW Wheel Trade
DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'.
Cash Secured Put Opened
DraftKings
TIME AND DATE STAMP | .		Wednesday, August 26, 2020
Current Wheel Overall (in the wallet) Profits
Since starting this Wheel I have completed this many trades and have put these profits in the wallet! Below is the current trade action and I give some trade commentary as well totals profits
Company	Symbol	# Trades	Profit made so far
DraftKings	DKNG	1	$1,998.96
Each trade is detailed below
NEW Trade details below for this Wheel Trade
Starting a new Wheel Trade with DraftKings (DKNG) as I wrote in a recent Spotlight Stock Chart Breakdown ... I feel DKNG will benefit with sports opening and as the NFL starts and is remarkably not being shut down due to COVID cases in training camp ... this sports year might open full swing and that means DraftKings will benefit. I always see sports betting coming online at some point (no proof of this) and as that idea is floated, it will affect DKNG's stock positively ... we'll see -> EDIT - I POSTED I selected the $34 Strike because that's where it was basically trading prior to my Chart Blog post ... its had a decent rally ... it could drop back with some profit taking ... if not, man, this would be a Sweet 1st trade collecting some ~$2,000 on $34,000 risked IF you're asking me. - CORRECTION - I selected the $36 Strike - all numbers have been edited to the correct $36 strike.
Current Trades Headline Krum!
TRADE KRUM!	DAYS	Cash on Cash %	Premium Profit
$2.00	30	5.56%	$1,998.96
Complete details of this Current Trade
COMPANY	SYMBOL	SHARES	COST BASIS	INVESTED
DraftKings	DKNG	1000	$36.00	$36,000.00
EXPIRATION DATE	DAYS	STRIKE	OPTION	CoC % GAIN
Sep-25	30	$36.00	$2.00	5.56%
DIVIDEND	DIVIDEND GAIN	OPTION GAIN	STOCK GAIN	TOTAL KRUM
$0.00		$1,998.96	N/A	$1,998.96
ALL the Trades I've done since starting this Wheel Trade
TYPE	PREMIUM	SHARES	ACTION	KRUMS COLLECTED
CSP	$2.00	1000	OPEN	$1,998.96
CSP				$1,998.96
$1,998.96
Always like looking at the charts
Education Corner
Covered Call - Description - A covered call is a financial market transaction in which the seller of call options owns the corresponding amount of the underlying instrument, such as shares of a stock or other securities. ... writing (i.e. selling) a call generates income in the form of the premium paid by the option buyer. Source - https://en.wikipedia.org/wiki/Covered_call
Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its performance. I have risked my own money and am accountable for the trade results.
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© 2020 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved				Disclaimer

NEW UCPTD Trade Alert - WKHS - Cash Secured Put

All rights reserved - Core Position Trading, LLC - 2020
	NEW TRADE ALERT
Cash Secured Put Trade opened using a Standard CSP Strategy
DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'.
NEW Cash Secured Put position was opened on
Workhorse Group Inc.
TIME AND DATE STAMP | .		Friday, August 21, 2020
My brief explanation why I ended this trade early
New Wheel Strategy using Workhorse Group (WKHS) ... some of you may or may not have heard of this electric truck maker that made a news splash back when the GM plants were being closed ... WKHS bought the Lordstown Oh plant and started making trucks ... the stock danced around $2 and $3 dollars for a bit but then seriously got tracktion around June and really hasn't pulled back from that $15 number ... so looking at the chart you can see Wall Street has WKHS valued between $17ish - $15ish ... so I'm going to play this RANGE and set my CSP at 16 for ~ 28 days, get the shares and get this $2.25 Prem on 1,000 shares ... let's see how this plays out because its trading pattern is a ROCK.
The Headline Krum!
TRADE KRUM!	DAYS	Cash on Cash %	Annualized
$2,248.96	28	14.06%	N/A
Max Profit Projections for this trade (EXPECTATION)
COMPANY	SYMBOL	SHARES	PRICE	TOTAL COST
Workhorse Group Inc.	WKHS	1000	$16.00	$16,000.00
EXPIRATION DATE	DAYS	STRIKE	OPTION	CoC % GAIN
Sep-18	28	$16.00	$2.25	14.06%
DIVIDEND	DIVIDEND GAIN	OPTION GAIN	STOCK GAIN	TOTAL KRUM
N/A	N/A	$2,250.00	N/A	$2,250.00
Always look at a companies chart ... it tells a story and that story could be UP or DOWN
Education Corner
Great Covered Call video posted at
Cash Secured Put - Description -The cash-secured put involves writing an at-the-money or out-of-the-money put option and simultaneously setting aside enough cash to buy the stock. The goal is to be assigned and acquire the stock below today's market price. Whether or not the put is assigned, all outcomes are presumably acceptable. The premium income will help the net results in any event. The investor is bullish on the underlying stock and hopes for a temporary downturn in its price. If the stock drops below the strike, the put may be assigned. That would allow the put writer to buy the stock at the strike price. The effective purchase would be even lower: strike price less the premium received. There are two principal risks. First, the stock might not only dip but plummet well below the strike price. The investor must be comfortable with the strike price as an acceptable long-term acquisition price, no matter how low the market goes. Source - https://www.optionseducation.org/strategies/all-strategies/cash-secured-put
Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its preformance. I have risked my own money and am accountable for the trade results.
Image credits - stockcharts.com | barchart.com | foolcdn.com | yahoo.com | earningswhispers.com
© 2020 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved				Disclaimer