CPT Covered Call Newsletter - Aug / Sep 2020

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	CPT Newsletter!
The always free CPT 'Covered Call' Newsletter - just trying to UP your Game! Share! via your social/email
Welcome to this month's CPT Newsletter!
WELCOME BACK EVERYONE! to the CPT Newsletter on Writing Covered Calls and Selling Cash Secured Puts. In this Newsletter I will share with you my experiences, trades and other good stuff that should 'Up Your Game!'
Feel free to share this link with anyone or on social >
https://cptcoveredcallnewsletter.blogspot.com/2020/08/cpt-covered-call-newsletter-august-2020.html
Let's break down the Newsletter because it looks like a TON of blah blah
1) SHOW ME THE MONEY! No other guru's I give you an up to date yearly trading totals!
2) CHART OF THE MONTH! See the World Thru My Eyes - Waste Management (WM)
3) NEW BLOG - YOUTUBE STOCK PICK BREAKDOWN for Writing Covered Calls
4) The SPECIAL OFFER is Back - The Upgraded CPT Dashboard FREE MONTH!
4) CCW 'TIP OF THE MONTH' - DOUBLE YOUR DIVIDENDS with Covered Calls
5) ALL Social ALL the TIME! Youtube / Facebook - join our 'like minded community today!'
SHOW ME THE MONEY!
As of this Newsletter post date, 2020 CURRENT TOTALS! (Goal is $55,000)
$69,107.80			30.71%
2020 has turned out and still is turning out to be an amazing year to SELL PREMIUM! Using Covered Calls and Cash Secured Puts in this volitlie market has allowed me to hit my goal of $55,000 and were only in August ... Godwilling this continues so we can keep reaching higher!
			I always post my running totals on my web site www.cptdashboard.com Click over for the current totals this year
NEWSLETTER STOCK CHART BREAKDOWN
DISCLAIMER: This chart is based on this date. I'm not suggesting a move up or down. I'm showing a chart I'm watching. I'm not recommending this stock as a purchase. Think of it like this, your showing the world thru my eyes and how I see this chart. Chart's of the Week are posted for all the Upgraded CPT Dashboard subscribers. (this one was not)
- to fully understand the chart breakdown, read the setup first, then it'll become more clear as you read it -
THE SETUP: I love making LOW ENTRY stock purchases and have done many videos on the various sharting 'indicators' I use when charting a stock. I like stocks that trade with an RSI under 50, trades near traditional SMA 100, 200 support lines, trading under the Keltner Channel MID line and I want to see an UP trending OBV line (see definitions for all of these below)
CHART OF THE MONTH
Waste Management (WM)
LAST TRADE >	$114.01
POSTED ON	6/30/2020
See the World thru my eyes' - chart breakdown of the week
SINCE POSTING THIS - WM HAS MOVED HIGHER - CONFIRMING MY KC MID LINE PURCHASE - Here's what I said back when I posted this -  Everyone is talking good things about Waste Management (WM) ... well at least all the Youtube videos that like to pick the 5 Best Stocks to Never Sell ... so I decided to check the chart and see if WM is a BUY at this point and I've found that right now might NOT be a good time ... why? Let's think about its business ... Waste Management is not a city government business like many think they are ... they go out and try to contract jobs from cities, county's and business's ... typically you won't see Waste Management picking up our trash in the neighborhoods as that's not as profitable was centralizing its routes in business districts ... you get what I'm trying to say? So thinking about the virus and how's the affected small businesses and BIG businesses that used to have tons of workers creating trash by working at the office ... well, that has DECREASED ... and many small businesses are not returning and going out of business ... so for me, WM is a WAIT, WATCH and SEE ... because as this shelter in place sorta continues I'm thinking it's going to affect its business ... NOTICE that its had a nice run over the past month or so and has riden ABOVE the RSI 50 being Bullish ... notice that before that it had riden under it ... still Bullish but not so much. The OBV line is steady trending HIGHER so Wall Street is still buying it ... its ABOVE the KC MID so for me it's not a 'low entry' purchase candidate yet ... we'll see but the chart is definitely FAVORABLY HIGHER
RSI	SMA (100)	SMA (200)	KELT MID	OBV TREND
59.9	101.52	108.1	106.88	HIGHER
CLICK IMAGE TO SEE IT LARGER IN ITS OWN BROWSER WINDOW

What's the RSI telling me?
RSI - The RSI is between 40/50 which represents for me a stock that is 'for the most part' fairly valued with some good upside value if the markets are bullish
CPT - Bullish still above 50
Support Lines
SMA - When looking for a 'Low Entry' purchase we would love to BUY near the 100 day or 200 day support line. It's not 100% but its a 'Buy Low' situation vs 'Buying High'
CPT - Running pretty Bullish here way above the support lines I like for a low entry purchase
Keltner Channel Breakdown
KC - The stock is trading UNDER the KC MID line which presents more of a 'Low Entry' purchase and now is the time for me to start watching the stock. I like buying for value UNDER the MID line.
CPT - its above the KC MID so for now, Im watching
On Balance Volume or buying momentum ... is it trending Up?
OBV - The 'On Balance Volume' trend line is UP which tells technical traders that the stock has good momentum or in straight talk, people are BUYING IT. This is a 'Green' checkmark for me.
CPT - HIGHER ... so Wall Street is still putting money into this stock
Further research with - Using charts for technical analysis, Dividend information and Earnings Report Date
RSI, SUPPORT LINES		KELTNER, OBV
View Chart-WM		View Chart-WM
Definition of the various charting indicators I use
RSI - The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Source - https://www.investopedia.com/terms/r/rsi.asp
SMA (100/200) - A simple moving average (SMA) is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average. ... Short-term averages respond quickly to changes in the price of the underlying, while long-term averages are slow to react. Source - https://www.investopedia.com/terms/s/sma.asp
KC - The Keltner Channel is a moving average band indicator whose upper and lower bands adapt to changes in volatility by using the average true range. The Keltner Channel is used to signal possible price breakouts, show trend, and give overbought and oversold readings. Source - https://www.investopedia.com/terms/k/keltnerchannel.asp
OBV - On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. ... He believed that when volume increases sharply without a significant change in the stock's price, the price will eventually jump upward or fall downward. Source - https://www.investopedia.com/terms/o/onbalancevolume.asp

YOUTUBE STOCK PICKS

Youtuber's picking stocks can be good ... but ...

These days you'll find Youtuber's creating content for contents sake just to get that Youtube money! ... Creators with large channel's can get paid large sums of money for just producing video after video with no real substance. This can use other people's video's as examples for taking about a stocks fundamentals, financials so on ... but that canned content does nothing for us Selling Premium Warriors! I want to see how a stock fairs in the next 30 days for a Covered Call or a Cash Secured Put. Using the CPT Dashboard and running this stocks through a Covered Call vetting process we can do a 'deeper dive' into our research really seeing if this Youtuber is just 'fluff' or does in fact give us something to work with.

4 TOP Stocks That Could Triple in 10 Years
Click here to read this popular Blog Post I did!

CCW 'TIP OF THE MONTH'

DOUBLING YOUR DIVIDENDS using Covered Calls

Below is a recent email I sent to my Upgraded CPT Dashboard Premium members where I outlined how I use some of my Buy & Hold stocks for which I collect dividends ... but love writing some Covered Calls on them during the NON event months to make a Covered Call Premium equal to that of a quarterly dividend. I posted a video link of a video I did as well as where you can download your very own FREE copy of the CPT Double your Dividends with Covered Calls Tracker spreadsheet.

PREMIUM MEMBER EMAIL - Aug 3 - RE-VISIT my BMY Double my Dividend with Covered Calls trade idea > START EMAIL HERE > Let's RE-VISIT my BMY, Double my Dividend Covered Call Write which will expire this coming Friday. The entire premise of the Doubling my Dividends using a DEEP OTM CCW was/is too use my Buy & Hold shares (in this case its Bristol Myers (BMY) to sell premium during the NON event months of its Earnings Season and Ex-Date distribution ... basically using the 'steady as she goes' moments in the year to collect an 'equivalent' CCW prem which would equal a dividend. BMY pays 0.45 a quarter ... so if I'm going to do this I would like to pick up a CCW premium of around that 0.45 cents. What I like to do is pick that DEEP OTM CC strike with a DELTA of 20 or less ... Delta can measure a stock's likelihood of actually getting to the strike price I picked ... in this case it was the $65 strike. The chart below show's my thinking when placing the trade ... with this CCW being placed AFTER an event (the Ex-Date) and BEFORE an event (the next earnings report) I can avoid (for the most part) any news events that might cause the stock to POP to that strike ... This allows for a nice and steady play, collecting an extra dividend during the 'off months' for this stocks typical news cycle ... With BMY trading way below my $65 strike, I will let this go to expiration and collect the entire 0.50 cents and adding to my Double my Dividends Tracker spreadsheet and will be looking to do another once Earnings Season passes. These are the little things I do to keep me motivated and to be honest, sharpening my CCW skills because had BMY rallied to below my strike ... I'd have had to managed this trade if I didn't want these Buy & Hold shares taken at expiration ... TRADE UPDATE - MY SHARES NOT TAKEN, I ENDED UP BUYING THIS OPTION BACK FOR PENNIES ... COLLECTING 'ANOTHER DIVIDEND' THE WAY I SEE IT

You can download the CPT Double my Dividend Tracker Spreadsheet here:

http://cptdashboard.com/cptspreadsheets.shtml

https://www.youtube.com/watch?v=ZG_Yq51OdeY

https://www.youtube.com/watch?v=yEZxCsRo-Nc&t=23s

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Are you all caught up on the recent videos?
Look, I get it … some of my video's rehash common Covered Call and Cash Secured Put topics you may already feel you master … but my weekly videos are generally short and you know I always give you something extra … whether it be a story or a CCW/CSP tip … check it out … I've done 2 this past week … are you caught up?
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Who is the Core Position Trading guy?
The first thing you need to know is … I'm not a guru and nor to I pretend to be … I haven't worked on Wall Street and nor do I feel anyone needs too for using this investment strategy I so advocate … I'm a guy just like you that started trading the stock market way back in the late 1990's (pre dot com boom) when eTrade became available for us 'home investors'. I traded all the tech stocks that you might remember … making series bank one year and losing just as much during the crash. Fast forward some 22 years I'm still trading in the stock market with my online brokerage … but the days of swing trading and day trading are over for me … rather instead I use the Covered Call and Cash Secured Put investment strategy for most ALL of my success these days.
"Why would I ever 'give away' my trade secrets if you're making that much money?"
So, the first thing you need to understand with this journey I started 3 years ago is that … I am paying forward a wonderful deed my mentor and best friend Jerry did for me. You can (and I encourage) hear our story on my web site cptdashboard.com click the video 'Meet Jerry' … seeing that I was frustrated and having no success swing trading, day trading he taught me how to sell premium (Write Covered Calls) … he worked with me for over 1 year, mentoring me, answering my questions … I was apprehensive in making a mistake … screwing up … he walked me thru my first trade and that began my new life of success investing and working the stock market. You really need to hear our story if you're sceptical of what I'm doing … only then you will understand our story is genuine … I have no agenda. I show you my trades, we talk about them in hopes you learn something. It really is that genuine and simple.
LINKS TIP for this newsletter …
Ok, I'm NOT a webpage guru so you have to work with me … Here's what happens if you just 'click on a link' … you're taken to that website (ie, Youtube) and you'll have to click the 'BACK' button to get back … frustrating … how about this … HOVER over the link and RIGHT CLICK … open new Tab or Window … then THIS window stays open as well as the new link opens :)
See you NEXT month and I hope you enjoyed my CPT Newsletter!
"Hey look until next time, I hope all YOUR Covered Calls be profitable"
Image credits - stockcharts.com | barchart.com | foolcdn.com | yahoo.com | earningswhispers.com | and me :)
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Read the fine print I think you understand by now that I'm not an investment adviser and can not give any specific investment advice. For those that are interested, I tell you my story and show you my trade in the "Hopes" that by seeing me you can take away a bit of information that will "up your game" … below is the CPT Newsletter disclaimer and link to my full disclaimer.