| All rights reserved - Core Position Trading, LLC - 2021 | ||||
 | $1,000 CHALLENGE! | |||
| NEW $1,000 WEEKLY SELLING PREMIUM CHALLENGE | ||||
| 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 CHALLENGE'S STOCK SELECTION IS: |  | |||
Draft Kings | ||||
| STARTED THIS CHALLENGE - | Tuesday, Nov 10, 2020 | |||
| Ground Rules for my $1k Weekly Paycheck Challenge are posting below as to not cloud the numbers. | ||||
| Total 'Bagged Profits' for this Weekly Challenge | ||||
| This being an ongoing trade for 10 weeks it's understood that I might sell my shares, have them taken or nothing happens ... I could use the shares or a NEW purchase or the Cash for a CSP ... all depends what trade presents itself and how I want to play it. | ||||
| STOCK GAIN | PREMIUMS | TOTAL WEEKLY PROFIT | WEEKS? | |
| $650.00 | $8,481.68 | $11,939.60 | 11 | |
| Current Weekly Average? | ||||
| $1,193.96 | ||||
| UCPTD Premium Membership - Special Offer - 1 Free Month | ||||
| > Do it before the end of this week and be added to my weekly update email list < | ||||
 | ||||
| Running Totals Weekly Stock Appreciation / Stock Sell (+/-) | ||||
| As with all stock trades I post for my UCPTD Premium Members, I add commentary to each trade to help them understand my mindset behind the trade and the expectations. | ||||
| ACTIVE TRADES IN YELLOW | CLOSED/BAGGED TRADES IN GREEN | |||
| WEEK | STOCK PRICE | STOCK SOLD | STOCK GAIN? | |
| November 10, 2020 | - | November 13, 2020 | ||
| #1 | $43.25 | $43.50 | $250.00 | |
| TRADE IS CLOSED - Week #1 looks to be a rough one as I bought the shares last Friday, did not pull the trigger and do the weekly call hoping to get a little green today, Monday and now were in the hole already ... we will see. | ||||
| $43.50 | $1.00 | 1000 | $998.96 | |
| TRADE IS CLOSED - Getting a late start on this Week #1 (I bought the shares on Friday Nov-13th) thinking I could get a Call sold ... didn't so here I am late on a Monday Nov-16th ... the stock had fallen off a bit so this 0.25 OVER my stock purchase price strike for $1.00 will allow me to do a CCW for a strike that I can make money on both the stock move and the CCW premium ... good start! RESULT: Week 1 ends with a positive $1k+ trade ... we move on to Week 2! | ||||
| November 16, 2020 | - | November 20, 2020 | ||
| #2 | $48.80 | $49.00 | $200.00 | |
| TRADE IS CLOSED - With DKNG trading around $48.80 I was able to sell another CCW with a NTM and if shares are taken we will collect a very tidy $200 on the stock move. | ||||
| $49.00 | $1.85 | 1000 | $1,848.96 | |
| TRADE IS CLOSED - With DKNG catching some serious positive movement during the week ... I was able to Sell the Nov-27 $49 and get a whopping $1.85 per share ... this will put me ahead in the game if shares are taken on this trade. | ||||
| November 23, 2020 | - | November 27, 2020 | ||
| #3 (CSP) | $0.00 | |||
| TRADE IS CLOSED - Read below why I did a Cash Secured Put (CSP) this week. | ||||
| $51.00 | $1.50 | 1000 | $1,498.96 | |
| TRADE IS CLOSED - CSP vs CCW this week as I think DKNG may be a bit fluffy as its rallied pretty good to $52.x ... I feel a $51 strike collecting $1.50 gives me a little downside protection should it peel off from profit takers ... but if it were to rally higher I still collect that -+$1k for a week. We will see - UPDATE - 12/4/2020 - decided to be assigned the shares at $51 as DKNG drifted lower ... I just couldn't find it in me to give back over $1.20 or $1.30 of my $1.50 for a buy back / Roll for next week so I elected to be assigned ... so Monday we will have 1,000 shares @ $51 - hoping for a green day, do an OTM $51 strike for +$1...we will see. | ||||
| November 30, 2020 | - | December 4, 2020 | ||
| #4 | $46.37 | $48.00 | KEPT SHARES | |
| TRADE IS CLOSED - Well, Dancing with the Devil was just too much, TOO CLOSE to Friday and with a fear that my shares would be taken at $48 ... taking a REAL lose of -$3,000 I just had to do something .. read below in the premium section how this worked out. | ||||
| Dec-8 | $0.70 | 1000 | $698.96 | |
| TRADE IS CLOSED - by no means happy with this 0.70 premium ... but we took the krum as we got it ... now we wait ... were gonna have to make this up ... but have a solid 7 more weeks in the challenge so I feel ok with this ... for now. UPDATE - 12/9/2020 - feeling pressure that I might have my shares taken at $48 ... I just couldn't allow that because that would be a REAL LOSE of -$3,000 ... so by buying back the option higher, adding to my cost basis then selling an OTM strike like I did below at less mitigated losses for this trade ... we do the right thing, we move on. Will make this up over the next 7 weeks. I hope | ||||
| Dec-8 | -$0.80 | 1000 | -$801.04 | |
| TRADE IS CLOSED - READ ABOVE as this trade is the buy back ... taking the 'L' for this trade but as you read below I at least picked up some premium to NOT lose as much. | ||||
| Dec-9 | $0.30 | 1000 | $298.96 | |
| TRADE IS CLOSED - READ ABOVE where I mentioned that I did this OTM (which is above my stock purchase of $51 + the 0.80 buy back ... so for this week I take the 'L' but we will look to make this up next week or the next trade. UPDATE - 12/11/2020 - simple, DKNG did not finish above my $52 strike allowing me to keep the shares and the premium ... we will start Monday with shares and will look to sell a CCW. | ||||
| December 7, 2020 | - | December 11, 2020 | ||
| #5 | $48.50 | $52.00 | KEPT SHARES | |
| TRADE IS CLOSED - with 2 days left in the week... did the buy back for the 'L' might as well to the OTM $52 which would be over my stock cost basis if shares taken ... I suspect they wont with 2 days left and DKNG trading at $48.25 this morning (Thurs Dec-10) - UPDATE - 12/20/2020 - DKNG did not finish above $52.. I keep the shares, will look to sell another CCW on Monday. | ||||
| Dec-14 | $1.15 | 1000 | $1,148.96 | |
| TRADE IS CLOSED - Nothing too detailed on this trade ... simple, take advantage of the Up market today to grab a +$1 premium so I can get back on track with my $1k trade and average. UPDATE - 12/17/2020 - lost money last week, made money this week ... shares were taken as DKNG rallied well over my strike. | ||||
| December 14, 2020 | - | December 18, 2020 | ||
| #6 | $51.80 | $52.00 | $200.00 | |
| TRADE IS CLOSED - NOT waiting this week ... with the market higher used this up time for a decent little Krum! We will see. UPDATE - 12/18/2020 - with DKNG well above my strike price of $52 ... these shares will be let | ||||
| December 21, 2020 | - | December 24, 2020 | ||
| #7 (CSP) | $0.00 | |||
| TRADE IS CLOSED - Read below why I did a Cash Secured Put (CSP) this week. UPDATE - NO TRADE - DKNG feel such that I just couldn't OR WANTED to risk writting a CC UNDER my $55 stock purchase price ... we pick this up next week > In this video I explain it > https://www.youtube.com/watch?v=a3E_yZW3ddA | ||||
| Dec-18 | $1.80 | 1000 | $1,798.96 | |
| TRADE IS CLOSED - Simple answer ... with my current shares being taken and knowing I'd have to purchase anything 1,000 shares ... why not just do a Cash Secured Put and get paid the $1.80 up front ... figure if it goes higher we re-do it again next week ... if assigned the shares we do a CCW next week. UPDATE - 12/25/2020 - decided to be assigned largely because I feel DKNG will move higher next week ... if not, we dance! - SEE ABOVE - no trade with these shares for the week ... | ||||
| December 28, 2020 | - | December 31, 2020 | ||
| #8 | $0.00 | |||
| TRADE IS OPEN - read below about the CCW I did with these same shares I aquired ABOVE for $55 | ||||
| Dec-24 | NO TRADE THIS WEEK | |||
| TRADE IS CLOSED - Read below why I did a Cash Secured Put (CSP) this week. UPDATE - NO TRADE - DKNG feel such that I just couldn't OR WANTED to risk writting a CC UNDER my $55 stock purchase price ... we pick this up next week > In this video I explain it > https://www.youtube.com/watch?v=a3E_yZW3ddA | ||||
| January 4, 2021 | - | January 8, 2021 | ||
| #9 | CCW UNDER STOCK PURCHASE $ | |||
| TRADE CLOSED - will update this soon - no stock sale of shares taken | ||||
| Jan-6 | $0.60 | 1000 | $568.96 | |
| TRADE CLOSED - will update this soon - went to expire, collected all premium | ||||
| January 11, 2021 | - | January 15, 2021 | ||
| #10 | CCW @ EXACT STOCK PURCHASE $ | |||
| TRADE - OPEN - With DKNG moving higher but under my last CCW ... kept the shares which will be used for this week's trade | ||||
| Jan-8 | $0.77 | 1000 | $768.96 | |
| January 11, 2021 | - | January 15, 2021 | ||
| #11 | CCW @ $57 OTM | |||
| Jan-20 | $1.00 | 1000 | $1,000.00 | |
| January 11, 2021 | - | January 15, 2021 | ||
| #12 | CCW @ $57 OTM | |||
| TRADE - OPEN - With DKNG moving higher but under my last CCW ... kept the shares which will be used for this week's trade | ||||
| Jan-29 | $1.46 | 1000 | $1,460.00 | |
| TRADE - OPEN - Was able to write the $55 strike for a little Krum... not much ... but it adds to the totals and I have no risk of losing money on the stock purchase as my strike price is $55 | ||||
| $11,939.60 | ||||
| UCPTD Premium Membership - Special Offer - 1 Free Month | ||||
| > Do it before the end of this week and be added to my weekly update email list < | ||||
| Running Totals of All Premiums Collected CCW/CSP (+/-) | ||||
| As with all stock trades I post for my UCPTD Premium Members, I add commentary to each trade to help them understand my mindset behind the trade and the expectations. | ||||
| ACTIVE TRADES IN YELLOW | CLOSED/BAGGED TRADES IN GREEN | |||
| STRIKE | PREMIUM | SHARES | KRUMS COLLECTED | |
| UCPTD Premium Membership - Special Offer - 1 Free Month | ||||
| > Do it before the end of this week and be added to my weekly update email list < | ||||
| Always like looking at the charts | ||||
| Ground Rules for my $1k Weekly Paycheck Challenge | ||||
| #1 - Why I picked DraftKings (DKNG) ... I have traded DKNG before and know this company and what it does very well. It currently trades under $45 a share so buying 1,000 shares allows me to stay diversified in the overall portfolio ... they just Upped guidance and did very well with earnings ... they have weekly options and the premiums are such that I can do little OTM strikes and make the stated goal of $1,000 a week. | ||||
| #2 - $1,000 a week is the goal ... but DO understand ... I'm using my own money and I WILL manage my trades taking profits as I see fit ... if it's $1,000, Great! If its NOT $1,000 then oh well ... we move on and look to make it up as we go ... as I found with my UPRO trade some weeks are good, some not so good but as I worked and worked I found I could in fact average out more than $1,000. | ||||
| #3 - This 'Challenge' does not end until ... many think of trades as being '1 offs' where they buy a stock, do the call and when the shares are taken the trade is over ... and it is ... but for this Challenge ... I will have a trade expiring every Friday of this trade ... so it continues whether I own the shares, don't have shares ... on Friday (projection is 10 Fridays) I will have a selling premium trade expiring. | ||||
| #4 - $1,000 whether using a CCW or CSP ... I sell premium and that's what I use to generate income ... so with either shares or money ... I will sell premium to generate $1,000 a week. | ||||
| #5 - I will having losing trades ... now with that said, sometimes it might be a losing, rolling out and selling the next weeks CCW or CSP ... again, the goal is to use our skill and over 10 weeks average $1,000 or more | ||||
| #6 - This Challenge will go for at least (Godwilling) 10 weeks ... I'm going to try to do this ongoing trade for 10 weeks ... if all goes well, we achieve our goal ... if not, I at least want it to be profitable | ||||
| Disclaimer - Yes - at the time of this posting I do have a position in this equity. By posting this I am by no means recommending this equity and am not front running for its performance. I have risked my own money and am accountable for the trade results. | ||||
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