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| DISCLAIMER: These trades I have already done. I'm not recommending these stocks as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'. |
| MONTHLY TRADE RECAP | -
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| UCPD Monthly Trade Recap - June 2020 |
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| Using Covered Calls and Cash Secured Puts ONLY! |
| What constitutes a profit? Covered Call and Cash Secured Put premium and if I purchased a stock or ETF to use exclusively for the selling premium strategy and I sell the stock during the same timeframe for a profit and or if my shares are taken away from me at a profit. Simple as that - now let's break it down! |
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| TRADES | PROFITS | WINNERS | LOSERS |
| 16 | $19,608.44 | 15 | 1 |
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| My summary of the Month, Expectations and Results |
| June 2020 breaks my May 2020 record which is now my highest month ever since starting this 4 years ago ... it's no secret that the weekly covered calls on UPRO has fueled my success for June and parts of May ... these are not typical results and I assume my July will be considerable less as I back off the weekly MAD DASH to play the 3x leveraged stocks and JACK my stress level up ... with that said, I won't totally change the game ... but will be focusing on some of my other stocks that have taken a back seat to the more flashy premiums the leveraged stocks bring ... this month has some great 30+ day trades that went to Max Profit ... having my shares taken ... in some cases I double dipped, grabbing a dividend in the process ... although this report looks UBER aggressive based on the number of trades (16 total) I sit back and say to myself ... "man, this didn't seem that active" ... with experience I guess it can be that way. |
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| The Monthly Krums! |
| Legend | Stock Sell | CC Premium | CSP Premium | |
| COMPANY | SYMBOL | % GAIN | DAYS | $$$ |
| TQQQ | TQQQ | N/A | 93 | $948.96 |
| UPRO | UPRO | N/A | 7 | $1,148.96 |
| Travelers Co. | TRV | 19.57% | 76 | $5,400.00 |
| Travelers Co. | TRV | 5.21% | 6 | $1,786.96 |
| TQQQ | TQQQ | N/A | 107 | $838.96 |
| UPRO | UPRO | 2.78% | 7 | $1,298.96 |
| Gilead Sciences | GILD | 3.02% | 2 | $703.96 |
| UPRO | UPRO | N/A | 1 | $1,498.96 |
| 3M Corp. | MMM | 2.37% | 30 | $1,060.96 |
| UPRO | UPRO | 1.64% | 53 | $698.96 |
| 3M Corp. | MMM | 8.47% | 7 | $3,630.00 |
| Wynn Resorts | WYNN | 3.32% | 35 | $288.96 |
| JP Morgan Chase | JPM | 2.29% | 36 | $646.96 |
| UPRO | UPRO | N/A | 4 | -$1,751.04 |
| UPRO | UPRO | 2.22% | 4 | $998.96 |
| JP Morgan Chase | JPM | 0.84% | 4 | $408.96 |
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| These trades are 100% closed - I may still own the shares | $19,608.44 |
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| My thoughts on the Monthly Krums! (above) |
| June continues the theme of using some high volatility stocks to generate more serious premiums per trade ... June 2020, turns out to be a month where Wall Street rallied yet the US was in protest mode and as June ended the virus news is getting bad again with spikes in numbers due to said protesters and the economies are coming back online from the virus shutdown ... we benefited from a sideways moving to higher stock market ... I will take it, AGAIN! |
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| Expectation vs Actual |
| What am I seeing here? Did you lose this money? No, this is the money I expected to make when I place the trade. If the Actual money made is less than the Expectation then I bought back the option not making MAX profit as attended. |
| SYMBOL | TYPE | EXPECTATION | ACTUAL |
| TQQQ | Trade 1 - CSP | $1,325.00 | $948.96 |
| Cash Secured Put was profitable, bought back, freed up the cash |
| UPRO | Trade 2 - CSP | $1,400.00 | $1,148.96 |
| Cash Secured Put was profitable, bought back, freed up the cash |
| TRV | Trade - SOLD STOCK | | $5,400.00 |
| Stock was taken as it expired over my CCW strike price |
| TRV | Trade 4 - CCW | $492.00 | $1,786.96 |
| Covered Call went to expiration, shares were taken |
| TQQQ | Trade 5 - CSP | $1,290.00 | $838.96 |
| Cash Secured Put was profitable, bought back, freed up the cash |
| UPRO | Trade 6 - CCW | $1,700.00 | $1,298.96 |
| Bought back this option, probably because the stock fell. |
| GILD | Trade 7 - CCW | $579.00 | $703.96 |
| Bought back this option, the stock fell so that the option was cheap. |
| UPRO | Trade 8 - CSP | $3,000.00 | $1,498.96 |
| Bought back this option, the stock fell so that the option was cheap. |
| MMM | Trade 9 - CCW | $2,790.00 | $1,060.96 |
| Covered Call went to expiration, shares were taken |
| UPRO | Trade 10 - CCW | $4,700.00 | $698.96 |
| Bought back this option, the stock fell so that the option was cheap. |
| MMM | Trade - SOLD STOCK | | $3,630.00 |
| Stock was taken as it expired over my CCW strike price |
| WYNN | Trade 12 - CCW | $1,659.00 | $408.96 |
| Yep, boring, I know ... bought back this option too as the stock fell. |
| JPM | Trade 13 - CCW | $1,551.00 | $646.96 |
| Bought back this option, the stock fell so that the option was cheap. |
| UPRO | Trade 14 - CSP | $1,050.00 | -$1,751.04 |
| Bought back this option and Rolled it for a credit. It's a loss this month, hope gain next. |
| UPRO | Trade 15 - CCW | $2,500.00 | $998.96 |
| Bought back this option, probably because the stock fell. |
| JPM | Trade 16 - CCW | $4,620.00 | $408.96 |
| Yep, boring, I know ... bought back this option too as the stock fell. |
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| My thoughts on the real results (above) |
| Premiums were the highlight of the month ... having bought back many options for a profit ... playing the game as I always say ... took that large hit with that UPRO CSP but luckily rolled it forward for what might be another profitable trade ... it's a hit this month but will be a gain next (crossing fingers) |
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| Comparing over the years |
| These totals represent what I've made during this month of the year since I started selling premium |
| 2020 | 2019 | 2018 | 2017 | 2016 |
| $19,608.44 | $3,104.12 | $4,371.41 | $5,993.00 | NO DATA |
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| Final thoughts on this month as compared to the past (above) |
| BROKEN RECORD - UNREAL results ... May 2020 is my OLD high watermark ... and that was $15k ... thats coming from a guy that back when I started was making $100 or $125 a trade and I thought THAT was real money! ... if the markets can continue to sideways ALL selling premium traders can use that to profit. Maybe not $19k in a month profit but still picking up krums. Let's see what July holds for both the markets, our economy, the virus and how the protesting shakes out. I do wish us ALL the Best in Trading! |
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| THIS MONTHLY RECAP BREAKS DOWN ALL OF MY TRADES DURING THIS TIME PERIOD |
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| Disclaimer - Yes - at the time of this posting I do have a position in one or more of these equities. 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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| 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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| 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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