| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW CCW TRADE | |||
| Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| NEW Covered Call position was opened on YES - MY EMAIL HAD WRONG CALCULATIONS - THIS BLOG IS THE ENTIRE TRADE AND WHAT IS THE POSSIBLE PROFIT - THE CAME WHEN I PLACED THE CURRENT STOCK @ $59.75 VS PUTTING MY STOCK PURCHASE PRICE OF $60.85 ... | ||||
| TIME AND DATE STAMP | Thursday, February 24, 2022 | |||
UDOW | ||||
| 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'. | ||||
| BASIC COVERED CALL TRADE DETAILS (If Shares Taken) | ||||
| EXPIRE | STRIKE | PREMIUM | SHARES | $ PROFIT |
| Apr-14 | $62.00 | $5.30 | 200 | $1,290.00 |
| REMEMBER, ALL CALCULATIONS FOR THIS TRADE ARE BASED ON WHERE THE STOCK WAS TRADING WHEN THIS TRADE WAS PLACED AND *NOT* MY STOCK PURCHASE PRICE. | ||||
| BRIEF EXPLANATION WHY I DID THIS TRADE | ||||
| MINDSET WHEN OPENED - Below I explain why I did this trade | ||||
| WHY I OPENED this CCW Trade - as I emailed, the DOW is in correction mode and using this as a buy low, sell premium moment I TRIED to get $6.10 but that didn't happen ... checking my expectations at the door as the UDOW kept falling, I did a LIMIT order (never do Market in a falling market) and got a respectable $5.30 or $1,060 ... hoping my shares are taken by Apr-14 | ||||
| WHEN TRADE CLOSES - I explain my thoughts on how this closed out. | ||||
| Trade is OPEN > will add commentary when Closed | ||||
| THIS TRADE TRADE BEGINS AND ENDS | ||||
| 49 | February 24, 2022 | April 14, 2022 | ||
| MAX PROFIT STOCK MOVE + PREMIUM + DIVIDEND | ||||
| MAX PROFIT | STOCK GAIN | PREMIUM | DIVIDEND? | CASH ON CASH % |
| $1,290.00 | $230 | $1,060 | $0.00 | 10.59% |
| Max Profit means that I make all of this and my shares have been taken. | ||||
| PREMIUM PROFIT ONLY (shares are not taken) | ||||
| PREMIUM ONLY | OPTION GAIN | DIVIDEND? | CASH ON CASH % | |
| $1,060.00 | $1,060.00 | $0.00 | 8.7% | |
| Premium Only means I didn't have my shares taken. Trade expired or I bought back | ||||
| DETAILED TRADE INFORMATION | ||||
| COMPANY | SYMBOL | SHARES | PRICE@TRADE | MY COST |
| UDOW | UDOW | 200 | $59.85 | $60.85 |
| EXPIRATION DATE | DAYS | STRIKE | OPTION | OPTION GAIN |
| Apr-14 | 49 | $62.00 | $5.30 | $1,060.00 |
| DIVIDEND | DIVIDEND GAIN | STOCK GAIN | CoC % GAIN | TOTAL KRUM |
| $0.00 | $0.00 | $230.00 | 10.59% | $1,230.00 |
| All calculations above are based on collecting [ Stock move + CCW + DIV if offered] | ||||
| Downside Protection summary (if this trade goes bad) | ||||
| CURRENT PRICE | STRIKE PRICE | D/P PRICE | $ PROTECTION | % PROTECTION |
| $59.85 | $62.00 | $54.55 | $5.30 | 8.86% |
| Breakeven price? (Stock Price - Prem - Div = Downside breakeven Price) | $54.55 | |||
| Disclaimer - Yes - at the time of this posting I do own shares. I am by no means recommending this stock for purchase | ||||
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