| All rights reserved - Core Position Trading, LLC-2021 | ||||
 | NEW WEEKLY CCW TRADE | |||
| Covered Call Weekly Trade Expires less than 30 days | ||||
| NEW Covered Call position was opened on | ||||
| TIME AND DATE STAMP | Tuesday, February 2, 2021 | |||
Pinterest |  | |||
| 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'. | ||||
| My trade idea and expectation for this trade | ||||
| PINS doing exactly what I said it would ... moving higher!!! | ||||
| CCW - My oldest son had his last month trades expire, money on the bench, its time to get that money working, I like PINS here for a sideways to higher trade ... did the NTM 1 strike out to collect that very positive $7.09 premium x100 on $7,377 invested ... very nice trade! | ||||
| Why did I pick this Strike Price and Expiration Date? | ||||
| $75.50 strike because I think PINS moves HIGHER as it moves , yes , HIGHER! and I want a little stock movement for him as well ... yum yum! | ||||
| This (31) day trade begins and ends for the dates below | ||||
| 31 | February 2, 2021 | March 5, 2021 | ||
| MAX PROFIT Shares + Premium (shares are taken) | ||||
| MAX PROFIT | STOCK GAIN | OPTION GAIN | DIVIDEND? | CASH ON CASH % |
| $882.00 | $173.00 | $709.00 | $0.00 | 11.96% |
| PREMIUM PROFIT Only (shares are not taken) | ||||
| PREMIUM ONLY | OPTION GAIN | DIVIDEND? | CASH ON CASH % | |
| $709.00 | $709.00 | $0.00 | 9.61% | |
| Trade Breakdown IF my shares are taken | ||||
| COMPANY | SYMBOL | SHARES | STOCK PRICE | STRIKE |
| PINS | 100 | $73.77 | $75.50 | |
| PREMIUM RECV | PREM PROFIT | SHARE GAIN | CASH PROFIT | CoC% GAIN |
| $7.09 | $709.00 | $173.00 | $882.00 | 11.96% |
| Selling Premium Education Corner (definition and links) | ||||
| Covered Call - Description - A covered call is a financial market transaction in which the seller of call options owns the corresponding amount of the underlying instrument, such as shares of a stock or other securities. ... writing - i.e. selling - a call generates income in the form of the premium paid by the option buyer. Source - https://en.wikipedia.org/wiki/Covered_call | ||||
| 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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