| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD (ITM) COVERED CALL TRADE IS NOW | CLOSED | ||||||||
WINNER | $1,950.00 | ||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 3 | July 16, 2024 | July 19, 2024 | |||||||
CONL |  | TIME AND DATE STAMP | |||||||
| Friday, July 19, 2024 | |||||||||
| 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'. | |||||||||
| UNIQUE TRADE IDENTIFIER | CONL514.7 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/CONL?p=CONL | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED a Covered Call position on (CONL) | |||||||||
| (15) Covered Call contract(s) were bought back on GraniteShares 2x Long COIN Daily ETF (ticker: CONL) for the expiration Date (0) days early , the original Strike Price was $51 for a premium of $4.7 for which only $1.3 was Time Value Premium or the profit in this trade. > CONL was trading for $54.4 a share. Because I bought this option back early, I did not make max profit. The final profit / cash flow collected it posted below. Instead of making the original premium, I collected $1950 or 2.38% for this money invested. | |||||||||
| Stock Price - placed | Strike Price | Date | Expire / Closed | ||||||
| $54.40 | $51.00 | Jul-16 | Jul-19 | ||||||
| Days On | Contracts | BUY BACK | Cash Flow Collected | ||||||
| 3 | 15 | $0.00 | $1,950.00 | ||||||
| Premium | Cash Invested? | Cash Flow Collected | |||||||
| $4.70 | $81,600.00 | 2.39% | |||||||
| COMMENTARY ON THE CLOSING OF THIS TRADE | |||||||||
| WHY I CLOSED this CCW Trade on > 2x Long COIN Daily ETF (CONL) | |||||||||
| WOW! I get out exactly on the spot NOT paying any time value prem as the spreads are so wide and bounce around like crazy ... were out knocking down all of this in this very short window > CONL has moved lower allowing me to buyback this option , the option has fallen some -81.8% which is under the 50% rule with over (0) days to go until expiration. | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $54.40 | Bought | 1500 | $81,600.00 | ||||||
| SOLD SHARES | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
 | DIVIDEND TREE PURCHASE (IF ANY) | | |||||||
| DIVIDEND TREE PLANT | YES | ||||||||
| Using Covered Call profits , I want to buy dividend paying stocks to provide a passive income for me and my family , below I share if I purchased any | |||||||||
 | |||||||||
| DID I ADD TO A 'DIVIDEND TREE' WITH THE PROFITS? | |||||||||
| Dividend Paying Stock | SYM | Date | Shares | Total Cost | |||||
| YieldMax AMD Option Income Strategy ETF | AMDY | Jul-19 | 126 | $1,901.34 | |||||
| On Jul -19 using profits from a trade, I bought 126 - Shares of AMDY at Market - Filled at $15.09 - $1900 | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/AMDY?p=AMDY | ||||||||
| Remember, the content of this site is for informational and educational purposes only. If you invest using information contained here, do so at your own risk. Please read the full disclaimer posted below and visit cptdashboard.com for my privacy policy. | |||||||||
| This is not a recommendation to buy or sell this stock | |||||||||
| Disclaimer - Yes - at the time of this posting I do own LEAPS Call Options. That could mean in my taxable , non-taxable accounts or both. I am by no means recommending this stock for purchase | |||||||||
| 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. | |||||||||
| 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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