| All rights reserved - Core Position Trading, LLC-2022 | |||||||||
 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | ROLLED | ||||||||
| DAYS | THIS NEW TRADE BEGINS AND ENDS | ||||||||
| 80 | August 2, 2022 | October 21, 2022 | |||||||
MS | TIME AND DATE STAMP | ||||||||
| Tuesday, August 2, 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 | |||||||||
| Today, (2) Covered Call contract(s) were bought back and rolled on Morgan Stanley (ticker: MS) for the 10/21/2022 Expiration Date, $90.00 Strike Price for a Premium of $2.30 MS was trading for $87.87 a share. | |||||||||
| THIS CCW TRADE HAS BEEN CLOSED (RESULTS BELOW) | |||||||||
| Morgan Stanley | MS | ||||||||
| Strike Price was | Expire was | Closed on | Days on | ||||||
| $77.23 | Aug-5 | Aug-5 | 0 | ||||||
| Premium was | Buy Back was | Total Premium Cash Flow I made | |||||||
| $1.05 | -$2.55 | -$300.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| WHY I CLOSED this CCW Trade > clearly MS will finish about $82 by Friday with the way this market is drifting higher ... so we buy this back and ROLL it UP and OUT ... the new strike will clear my stock cost basis so maybe this because a win win. | |||||||||
| THE NEW CCW TRADE HAS BEEN OPENED / IS ACTIVE (RESULTS BELOW) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $84.04 | Aug-2 | $2.30 | 2 | ||||||
| New Strike Price | New Expire | Days | Projected Cash Flow | ||||||
| $90.00 | Oct-21 | 80 | $460.00 | ||||||
| WHY I OPENED this CSP Trade > had to ROLL this CCW so we did to a higher strike and collected a decent premium ... we lose money in the near term but will make money if shares are taken. I can do this for now | |||||||||
| 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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| 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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