| All rights reserved - Core Position Trading, LLC-2022 | |||||||||
 | NEW CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 24 | November 29, 2022 | December 23, 2022 | |||||||
TQQQ | ETF | TIME AND DATE STAMP | |||||||
| Tuesday, November 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 | |||||||||
| Today, (11) Covered Call contract(s) were sold on ProShares UltraPro QQQ (ticker: TQQQ) for the Nov-25 Expiration Date, $25.00 Strike Price for a Premium of $0.51 TQQQ was trading for $21.00 a share. | |||||||||
| I have owned these shares with an original cost basis of $41.00 | |||||||||
| PREMIUM ONLY TRADE | |||||||||
| Because I received my shares through a CSP much higher, if my shares are taken I will not make any money on the sale of the shares at this strike price. | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $21.00 | Nov-29 | $0.51 | 11 | ||||||
| Strike Price | Expire | Days | Projected Cash Flow | ||||||
| $25.00 | Dec-23 | 24 | $561.00 | ||||||
| WHY I OPENED this CCW > Looking to put these TQQQ shares into the game, I pick this OTM strike (cant really say its deep OTM because TQQQ can really move) so this trade will be managed as I can not let my shares go as that would be a loser trade, my cost basis is $41.00 | |||||||||
| WHATS THE CASH ON CASH PERCENTAGE GAIN | |||||||||
| Stock Price - placed | Strike Price | Total Prem$ | Contracts | ||||||
| $21.00 | $25.00 | $0.51 | 11 | ||||||
| Premium Only? | CoC% | Share Taken? | COST BASIS MUCH HIGHER | ||||||
| $561.00 | 2.43% | LOSS | |||||||
| 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. | |||||||||
| 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. | |||||||||
| Disclaimer - Yes - at the time of this posting I do own shares. I am by no means recommending this stock for purchase | |||||||||
| 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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