| 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 OPENED | ||||
| TIME AND DATE STAMP | Tuesday, February 22, 2022 | |||
Merck |  | |||
| 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 (31) day trade begins and ends for the dates below | ||||
| 31 | February 22, 2022 | March 25, 2022 | ||
| Details of this 30 Day CCW / ~30 DELTA Strike | $200.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Mar-25 | 2 | $78.00 | $1.00 | $200.00 |
| WHY I OPENED this PMCC CCW Trade - As I posted this morning in a possible PMCC trade idea on MRK I thought with MRK trading in the lower band of its trading range this could be a great start for an OTM CCW and make a decent return on my investment ... using basically an investment of money worth 100 shares I do 3 and get 3 times the CCW premium profit ... for now | ||||
| DAYS | 31 | DELTA | 0.35 | YES |
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
1 | -$5,200.00 | $200.00 | 3.85% | |
| Details LEAP Call option I'm using for this PMCC | -$5,200.00 | |||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| MRK | Jan2023 | $50.00 | $26.00 | |
| CONTRACTS | 2 | DELTA | 0.97 | 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 | .+/- % | ||
| $26.00 | $26.00 | 0.00% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | $0.00 | |||
| 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. | ||||
| 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 | |||
