| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| Covered Call Trade opened using a Standard Covered Call (~30d) | ||||
| NEW Poor Man's Covered Call position was opened on | ||||
| TIME AND DATE STAMP | Thursday, January 27, 2022 | |||
3M Corp |  | |||
| 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'. | ||||
| This (29) day trade begins and ends for the dates below | ||||
| 29 | January 27, 2022 | February 25, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $110.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Feb-25 | 1 | $180.00 | $1.10 | $110.00 |
| WHY I OPENED this PMCC CCW Trade - Earnings past, MMM now just trading with the markets as not Ex-Date during this time either ... we just keep collecting premium on this LEAPS Call Option and will do it until MMM gets above $180 THEN I might consider closing trade. Krums! | ||||
| DAYS | 29 | DELTA | 0.2716 |  |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
2 | $5,601.00 | $162.00 | 2.89% | |
| Details LEAP Call option I'm using for this PMCC | -$5,601.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| MMM | Jan2023 | $120.00 | $56.01 | |
| CONTRACTS | 1 | DELTA | 0.9518 | YES |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
| How is the LEAP Call Option preforming at this moment | ||||
| As of this post, this is the MID PRICE VALUE for my LEAP Call Option | ||||
| WHAT I PAID | CURRENT MID PRICE | .+/- % | ||
| $56.01 | $52.00 | -7.16% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$401.00 | |||
| How have I done with all trades using this LEAP? | $162.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Dec-8 | 1 | $180.00 | $0.77 | $77.00 |
| WHY I CLOSED this PMCC CCW Trade Early - MMM POPPED above my $180 strike and with the markets liking these value plays ... I feel 3M will probably finish the week over $180 and my PMCC trade will be over ... so I will ROLL UP to the $190 Strike, pick up another Krum but if that strike is challenged ... my LEAPS Call Option will have such good value I will probably let it go. We will see | ||||
| Jan-5 | 1 | $190.00 | $0.85 | $85.00 |
| WHY I CLOSED this PMCC CCW Trade > markets selling off and being able to close this for $5 ... with over 2 weeks left on this option ... lets buy back and see if I can do another CCW making another 80+ cents | ||||
PMCC TRADE DESK RECAP W/ NEW TRADE
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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