| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
 | CLOSED CSP TRADE | ||||||||
| STANDARD CASH SECURED PUT TRADE IS NOW | CLOSED | ||||||||
WINNER | $900.00 | ||||||||
| DAYS ON | THIS CASH SECURED PUT TRADE IS CLOSED / NO ROLL | ||||||||
| 1 | August 5, 2024 | August 6, 2024 | |||||||
BITX |  | TIME AND DATE STAMP | |||||||
| Tuesday, August 6, 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 | BITX241.65 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/BITX/chart | ||||||||
| DETAILS FOR THIS CASH SECURED PUT TRADE | |||||||||
| Today, (10) Cash Secured Put contract(s) were bought back on 2x Bitcoin Strategy ETF (ticker: BITX) for the Aug-9-2024 Expiration Date, $24 Strike Price for a Premium of $1.65 > BITX was trading for $24.05 a share when I placed this trade. 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 $0.9 or -54.5% of the total projected cash flow for this trade. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
| CASH SECURED PUTS ARE PREMIUM ONLY TRADES | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $24.05 | Aug-5 | Aug-9 | 1 | ||||||
| Strike Price | Premium WAS | The Buy Back | Cash Flow Collected | ||||||
| $24.00 | $1.65 | -$0.75 | $900.00 | ||||||
| Contracts | Cash Invested? | Cash Flow Collected | |||||||
| 10 | $24,000.00 | 3.75% | |||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CSP Trade on > BITX > I decided to take profits as BTC rebounded , yes I think BTC moves back above $60,000 sooner than later ... but with $900 in premium profit, we take this and move on... > BITX has moved lower allowing me to buyback this option , the option has fallen some -54.55% which is under the 50% rule with over (3) days to go until expiration. > The option has fallen such that its down some 54.5% at the time of this buy back and with (3) day left. | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $1.65 | $0.83 | $0.17 | -$0.75 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -54.55% | ||||||||
| What does this mean? If within the first week the option falls 50% I will buy back the option and look to roll for another credit ... if the option falls to 10% of the value, I will buy back and roll. | |||||||||
| MY FAVORITE CASH SECURED PUT TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CSP TRAINING |  | ||||||||
| https://www.youtube.com/watch?v=JhmmSJBt_dg | |||||||||
| BASIC CSP TRAINING | |||||||||
| 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 | |||||
| Defiance Nasdaq 100 Income Target ETF | QQQT | Aug-6 | 50 | $902.50 | |||||
| On Aug -6 using profits from a trade, I bought 50 - Shares of QQQT at Market - Filled at $18.05 - $900 | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/QQQT?p=QQQT | ||||||||
| 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 shares. 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 | |||||||||
| © 2024 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
