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| OPEN CCW Trade | COIN > $4500 > 4.32376340366655% (10) days |
| All rights reserved - Core Position Trading, LLC-2023 |
 | NEW CCW TRADE |
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| NEW (OTM) COVERED CALL TRADE IS NOW | OPEN |
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| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS |
| 10 | January 2, 2024 | January 12, 2024 |
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| COIN | | TIME AND DATE STAMP |
| Tuesday, January 2, 2024 |
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| 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'. |
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| View Chart-COIN |
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| COVERED CALL |
| DETAILS FOR THIS COVERED CALL TRADE |
| Today a NEW Covered Call position was opened using (ticker: COIN) |
| Coinbase Global Inc , when the stock was trading for $163.40 a share , I Sold (6) (OTM) Covered Call contracts(s) using (600) shares for the January-19-2024 Expiration Date, $175.00 Strike Price receiving a Premium of $7.50 or $4,500 cash flow. |
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| COMMENTARY AS TO WHY I OPENED THIS TRADE |
| WHY I OPENED this CCW on COIN > Standard Covered Call ... I bought 300 shares last week and with a cost basis of $182.50, I elected to double down and buy 300 more, the result is a new cost basis of $173.46 ... so this strike and covered call premium, if my shares are taken on Jan-12 will result in a $5,424 total return on money invested ... and if you ADD the CC prem from last week which = $930 ... that would be some $6,354 total on money used for this trade |
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| > as with every trade, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself. |
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| PROJECTED PROFIT POTENTIAL (STOCK MOVE + CCW PREM + DIV) |
| If I collect everything ... stock appreciation (if any) the entire covered call premium (ie, no buy back) and if a dividend is distributed during this timeframe below is the projected MAX PROFIT projections for this trade. |
| Stock Move | Total Prem$ | Dividend | Projected Cash Flow |
| $924.00 | $4,500.00 | $0.00 | $5,424.00 |
| | | | | Verify-COIN | Cash on Cash % |
| | | | | | 5.21% |
