| All rights reserved - Core Position Trading, LLC-2022 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| COVERED CALL TRADE WAS CLOSED TODAY | CLOSED | ||||||||
RKT | TIME AND DATE STAMP | ||||||||
| Friday, July 29, 2022 | |||||||||
| 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'. | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | |||||||||
| On Friday, July 29th (40) Covered Call contract(s) or 4,000 shares of RKT were left to expire making a positive cash flow trade of $640 but losing money on the entire position. The stock has fallen/risen some $1.98 since entering this CCW trade. RKT has been in my selling premium portfolio for over 2 years generating monthly cash flow along the way ... as this trade now ends, I will have to use the fresh cash to 'reboot' my monthly cash flow using a sideways to higher stock as I did with RKT ... I can not buy RKT shares for another 31 days to avoid a 'wash sale' as I will be using this stock sale loss against my taxes for this year 2022. I will be posting a FINAL FINAL numbers on this trade and will edit this blog post to correctly reflect the true +/- gain/loss | |||||||||
| STATUS OF MY SHARES | |||||||||
| I owned (4000) shares with a cost basis of $18.87 and were assigned (taken) @ $9 this past Friday, July-29th for a loss. | |||||||||
| RKT Current Price | $9.74 | ||||||||
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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. | |||||||||
| 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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