| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| PMCC COVERED CALL TRADE WAS OPENED TODAY | OPEN | |||
MS |  | TIME AND DATE STAMP | ||
| Friday, October 28, 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'. | ||||
| This (28) day trade begins and ends for the dates below | ||||
| 28 | October 28, 2022 | November 25, 2022 | ||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| Today, (1) Covered Call contract(s) were sold (ticker: MS) for the Nov-25 Expiration Date, $85.00 Strike Price for a Premium of $1.20 > MS was trading for $80.90 a share. NOTE: I am seriously DOWN on this position and need to battle back ... this begins that process | ||||
| Details of this 30 Day CCW / ~30 DELTA Strike | $120.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Nov-25 | 1 | $85.00 | $1.20 | $120.00 |
| WHY I OPENED this CCW Trade - keeping this spinning plates spinning, using this UP market and thinking MS wont really challenge this strike, we roll with it. will NOT let this go to expire as I'm under water with my LEAPS Call Option | ||||
| DAYS | 28 | DELTA | 0.2716 | YES |
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| MS | 1 | $45.00 | $44.49 | -$4,449.00 |
| CONTRACTS | 1 | DELTA | 0.98 | 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 | .+/- % | ||
| $44.49 | $31.30 | -29.65% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$1,319.00 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
6 | -$4,449.00 | -$186.00 | -4.18% | |
| DOES INCLUDE THE CURRENT AS IT IS NOT CLOSED YET (SEE ABOVE) | ||||
| How have I done with all trades using this LEAP? | -$306.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Mar-31 | 1 | $91.00 | $1.55 | $155.00 |
| WHY I CLOSED this PMCC CCW Trade > this MS CC Option price below -50%, we BB looking for another trade | ||||
| Apr-14 | 1 | $91.00 | $0.90 | $87.00 |
| WHY I CLOSED this CCW Trade > even though MS would never get to this strike by Friday... I give back 3 pennies and will now use the next 4 days to find another 30 Delta trade that makes sense. | ||||
| May-17 | 1 | $87.50 | $1.48 | $146.00 |
| WHY I CLOSED this PMCC CCW Trade > PMCC trade, this so option is so cheap, lets just clear the board and look to ROLL this one today. | ||||
| Jun-28 | 1 | $83.00 | $1.25 | $120.00 |
| WHY I CLOSED this PMCC CCW Trade > with a week to go and MS seemly not going to hit this strike i feel i can pay this to take it off the board and we will roll it ... have to keep this trade producing cash flow regardless of market conditions. | ||||
| Jul-15 | 1 | $80.00 | $1.01 | -$814.00 |
| WHY I CLOSED this PMCC CCW Trade > MS BLEW PAST my Strike and never looked back ... rather take the hit now then have this thing go to expire and unraveled ... I might just close this WHOLE position out as I havent managed this well... losing money on this trade as the $80 was well below my $88 cost basis. | ||||
| 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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| 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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