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| NEW TRADE ALERT |  | |||
| Friday, February 7, 2020 | ||||
| Covered Call went to expiration - shares were taken | ||||
 | ||||
| Closed a - Covered Call position with Home Depot (HD) this week. | ||||
| TRADE KRUM! (see details below) | DAYS | Cash on Cash % | Annualized | |
| $1,044.96 | 31 | 4.16% | 49.01% | |
| bought the shares are $215.80 but didn't write a covered call for a couple days so my real profit is $1,542 | ||||
| Brief Description of WHY I did this trade and my expectations for it | ||||
| This trade fell into my lap ... UCPTD member Jesse gave me the tip that HD was trading in the 'low entry' purchase zone and I acted on it ... HD is a great American company and I knew this was a short term pull back in the shares ... at $215.x ... I held the shares a couple days then wrote the covered call at $221x and sure enough we get some air under the sails and in 31 days it finishes above my strike price, shares are taken, MAX profit, we move on! | ||||
| Trade Breakdown with the BUY BACK Calc | ||||
| COMPANY | SYMBOL | SHARES | STOCK PRICE | STRIKE |
| Home Depot | HD | 100 | $221.98 | $230.00 |
| PREMIUM RECV | BUY BACK PRICE | DIFFERENCE | CASH PROFIT | CoC% GAIN |
| $1.22 | $0.00 | $1.22 | $122.00 | 4.16% |
| Education Corner | ||||
| Great Covered Call video posted at | ||||
| 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 - No - at the time of this posting I did not own the shares of this equity. and it probably means I've done a Cash Secured Put ... for which if this trade goes against me I *will* own these shares ... I risk my own money on this trade and am accountable for the trade results. | ||||
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