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 | CLOSE OUT TRADE | |||
| PMCC COVERED CALL TRADE WAS CLOSED TODAY | CLOSED | |||
| This Poor Man's Covered Call trade has been closed out and the profit or loss numbers are posted below. Close out means I SOLD the Leaps Call Option that supported the near term Covered Call positions | ||||
GILD |  | TIME AND DATE STAMP | ||
| Wednesday, Nov 23, 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'. | ||||
| HOW MANY DAYS WAS THIS INVESTMENT? | ||||
| 307 | January 20, 2022 | November 23, 2022 | ||
| FINAL PROFIT / LOSS NUMBERS BELOW | ||||
| $1,320.00 | 22.92% | |||
| ON MONEY INVESTED | ||||
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| GILD | Jan-20 | $50.00 | $19.20 | $5,760.00 |
| CONTRACTS | 3 | 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 | .+/- % | ||
| $19.20 | $35.57 | 85.26% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | $4,911.00 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
8 | $5,760.00 | -$3,591.00 | -62.34% | |
| ALL COVERED CALL TRADES BELOW - SEE ITS DETAILS | ||||
| How have I done with all trades using this LEAP? | -$3,591.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jan-20 | 3 | $72.50 | $0.87 | $261.00 |
| WHY I CLOSED this PMCC CCW Trade > with just 0.04 left of this $0.90 cent CCW ... we buy back and look for another 30 day trade to keep this rolling. | ||||
| Feb-8 | 3 | $69.00 | $0.26 | $78.00 |
| WHY I CLOSED this PMCC CCW Trade > GILD is not going to get to $69 and this 0.08 cents is just sitting there ...so we buy back and look to ROLL | ||||
| Mar-3 | 3 | $65.00 | $1.19 | $357.00 |
| WHY I CLOSED this PMCC CCW Trade > with over 20 days left on this trade and only 0.15 cents to collect for this trades efforts (collected $1.34) I will not ROLL this option down both in price and expire date for more krums | ||||
| Apr-1 | Jan-2 | $61.00 | $0.42 | -$564.00 |
| WHY I CLOSED this PMCC CCW Trade > GILD is trading well over my strike and because Im currently DOWN on my LEAPS Call Option, I can not let these shares go ... so we buy back, ADDING cost, will ROLL it | ||||
| May-16 | 3 | $65.00 | $0.71 | $180.00 |
| WHY I CLOSED this PMCC CCW Trade > wanted to buy back this for under a dime, well it took at 0.11 so I will roll this... we keep rolling and rolling. | ||||
| Jun-21 | 3 | $62.00 | $0.71 | $192.00 |
| WHY I CLOSED this PMCC CCW Trade > I KNEW this wasnt going to finish above my strike but was in a CLOSING mood and just took off the board. I will ROLL for another possible cash flow credit Monday ... KEEP SPINNING! | ||||
| Aug-5 | 3 | $63.00 | $0.75 | -$660.00 |
| WHY I CLOSED this PMCC CCW Trade > I mean, I can not catch a break on my PMCC strikes for GILD right now ... I thought this $63 strike would not be challenged, instead it was and now Im losing money on this entire position ... I guess I need to really start watching the chart action as I can not keep taking 1 step forward and 3 back | ||||
| Oct-26 | 3 | $73.00 | $1.17 | -$3,435.00 |
| WHY I CLOSED this PMCC CCW Trade > this week being expiration and having my shares taken (PMCC) means I close out the trade on my terms ... I sell out of this position ... making 23% Cash on Cash since investing in GILD ... even though I've had some losing trades ... Nice little win here | ||||
| 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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