| All rights reserved - Core Position Trading, LLC-2022 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| COVERED CALL TRADE WAS CLOSED TODAY | CLOSED | ||||||||
TQQQ | ETF | TIME AND DATE STAMP | |||||||
| Wednesday, December 7, 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, (11) Covered Call contract(s) were bought back on ProShares UltraPro QQQ (ticker: TQQQ) on 10/7/2022 , 16 days into this trade. I paid $0.22 per share and made a premium profit of $319. . The stock has fallen/risen some $-0.52 since entering this CCW trade. No ROLL or new CCW trade at this time. | |||||||||
| CCW POSITION on TQQQ TRADE HAS BEEN CLOSED (RESULTS BELOW) | |||||||||
| ProSharesTQQQ | BMY | ETF | |||||||
| Strike Price | Expire | Closed | Days | ||||||
| $25.00 | Dec-23 | Dec-7 | 8 | ||||||
| Premium was | Buy Back | Total Premium Profit I made | |||||||
| $0.51 | $0.22 | $319.00 | |||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -56.86% | ||||||||
| WHY I CLOSED this CCW Trade > this CCW option price basically fell under 1/2 so we buy this back as it had over 15 days left, will ROLL this into the New Year for a little krum, keep it roiling if possible | |||||||||
| WHAT'S THE PLAN NOW FOR THESE TQQQ SHARES? | |||||||||
| Because I didn't roll these shares for another CCW, I'm just going to take a 'wait and see' approach as the markets aren't playing nice right now. | |||||||||
| STATUS OF MY SHARES | |||||||||
| I still own the original (1100) shares with a cost basis of $41.12 | |||||||||
| TQQQ Current Price | $20.48 | ||||||||
| 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. | |||||||||
| 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 | |||||||||
| © 2022 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | Disclaimer | ||||||||
-
-
