| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
 | NEW CCW TRADE | ||||||||
| NEW (ITM) COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 18 | September 30, 2024 | October 18, 2024 | |||||||
SOXL |  | TIME AND DATE STAMP | |||||||
| Monday, September 30, 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 | SOXL325.9 | ||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW (ITM) Covered Call position was opened using (ticker: SOXL) | |||||||||
| Direxion Daily Semiconductor Bull 3X Shares , when the stock was trading for $36.45 a share I Sold (10) (ITM) Covered Call contract(s) using (1000) shares for the October-18-2024 expiration date, strike price of $32 receiving a premium of $5.9 or $1450 in up front cash flow to begin this trade. These shares I'm using have were aquired via (I bought these shares outright for this trade) and have a cost basis of $32 per share. | |||||||||
| > as with every trade, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself. | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > Direxion Daily Semiconductor Bull 3X Shares (SOXL) | |||||||||
| This SOXL > (18) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $1450. dollars which represents 3.98% on money invested. | |||||||||
| Further Commentary as to why I did this trade | |||||||||
| ITM CC on SOXL > If you look at the chart you will see that $31 seems to be near-term support and I just can't believe that the semiconductors will fall much below where they're at now even with a bad jobs number I'll take this as a great starting point if the stock were to fall below $32 this will be my new strike price and I can work a great 30 day covered call at $32 should I still keep my shares on October 18th this trade will represent a 3.98% cash on cash for the time frame and that is incredible because that's 19 days but again with me believing $31 is this near-term low $32 is in a bad place to start a 30-day covered call if I keep my shares on October 18th | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| PROJECTED PROFIT POTENTIAL (CCW PREM ONLY) | |||||||||
| If this trade goes as planned, I will have my shares taken at my strike price and I will only collect the difference between the Real Money and Time Value which is the plan | |||||||||
| COST BASIS | STRIKE | PREM | Projected Cash Flow | ||||||
| $36.45 | $32.00 | $5.90 | 1450 | ||||||
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % | ||||||
| 18 | $4.45 | $1.45 | 3.98% | ||||||
| This being an ITM Covered Call ... I did collect the premium of $5.9 but remember that I'm giving away my shares cheaper at $32 so in this case the Time Value premium profit could be $1.45 or $1450 in total premium profit if NO buy back. | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $36.45 | Bought | 1000 | -$36,450.00 | ||||||
 | HOW YOU WOULD BENEFIT FROM THIS TRADE | | |||||||
| BUY SHARES > SELL CALL | |||||||||
| For this trade, I already own the shares, so my total profit may or may not include stock appreciation. In your case, you would purchase the shares outright at the current trading price I’ve provided. You would then proceed to sell a near-term covered call, aiming to achieve the same premium for the same strike price and expiration date. | |||||||||
| OF COURSE, this is all projected and the final results could have you LOSING MONEY. Ensure you understand this trade and that it meets your risk tolerance. I wish you good luck. | |||||||||
| Stock Price was | Strike Price | Expire | Premium | ||||||
| $36.45 | $32.00 | Oct-18 | $5.90 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $3,645.00 | $3,200.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $145.00 | |||||||||
| 3.98% | |||||||||
| 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 | |||||||||
Monday, September 30, 2024
CLOSEOUT PMCC Trade | CVX > $2,647 TOTAL Profit > 9.79% > in (54) days > LEAPS Sold
| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
| CLOSEOUT TRADE | ||||||||
| POOR MAN'S COVERED CALL POSITION HAS BEEN CLOSED OUT | CLOSED | ||||||||
| WINNER | $2,647.00 | 9.79% | |||||||
| DAYS | THIS TRADE STARTED AND ENDED | ||||||||
| 54 | August 7, 2024 | September 30, 2024 | |||||||
CVX |  | TIME AND DATE STAMP | |||||||
| Monday, September 30, 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'. | |||||||||
| EVERY TRADE - LINK BELOW | |||||||||
| https://docs.google.com/spreadsheets/d/e/2PACX-1vRhbM4kSdBKRmiG3q-ozDi5zKe3m1DRCS9jOypNqAlqxYok20K4ZE4fuPfJijWmBCq2OqCBQEQPknSH/pubhtml?gid=1613363230&single=true | |||||||||
| PMCC CLOSE OUT | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, (7) Covered Call contract(s) were bought back on ticker: CVX | |||||||||
| Chevron Corp > Because I bought this option back early, I did not make max profit. The final profit / cash flow collected is posted below. Note, instead of making the original premium profit projections. I bought this option back for $3.45 causing a debit in the position but then SOLD the supporting LEAPS Call Option for a profit as outlined below. | |||||||||
| COMMENTARY AS TO WHY I ENDED THIS TRADE | |||||||||
| WHY I OPENED this PMCC Trade on > Chevron Corp (CVX) | |||||||||
| Feeling with almost 18 days left , CVX would continue to go higher ... my strike was 145 and its trading at that now , we make $2,600+ on this 54 day trade but it was the vision that made this trade work , getting involved at the bottom of its range and sure enough it didnt go much lower | |||||||||
| HOW MUCH COVERED CALLS DID I DO AND THE PREMIUM ? | |||||||||
| Below are all of the Covered Calls I have sold while owning this position. It does includes the current active Covered Call Trade. | |||||||||
| Date Opened | Date Closed | Cash Flow | CoC% +/- | ||||||
| Aug-7 | Sep-3 | $396.00 | 1.46% | ||||||
| Sep-3 | Sep-5 | $303.00 | 1.12% | ||||||
| Sep-3 | Sep-11 | $570.00 | 2.11% | ||||||
| Sep-13 | Sep-30 | -$847.00 | -3.13% | ||||||
| 0.00% | |||||||||
| 0.00% | |||||||||
| 0.00% | |||||||||
| 0.00% | |||||||||
| 0.00% | |||||||||
| 0.00% | |||||||||
| 0.00% | |||||||||
| $422.00 | 1.56% | ||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
 | LEAPS CALL OPTION INFORMATION | | |||||||
| LEAPS CALL OPTION SALE | |||||||||
| DETAILS OF THE LEAPS CALL OPTION I PURCHASED | |||||||||
| Below is the LEAPS Call Option purchase information. The performance part is based on a DELTA MOVE in the LEAPS vs the ACTUAL stock move so the numbers are as close as I can get them as DELTAs can change | |||||||||
| Symbol | Expiration | Strike | Paid | ||||||
| CVX | Jan-17 | $105.00 | -$38.62 | ||||||
| Contracts | Controlling shares | Delta | Investment | ||||||
| 7 | 700 | 0.9689 | $27,035.00 | ||||||
| Sold | Current +/- | ||||||||
| $41.80 | (+) $3.17857142857142 | ||||||||
| HISTORY OF THE LEAPS PURCHASES | |||||||||
| Date | Stock $ | Strike | Paid | Contracts | Total $ | ||||
| 8/7/2024 | $144.84 | $105.00 | -$40.27 | 3 | $12,081.00 | ||||
| $141.31 | Delta | -$37.72 | 2 | $7,544.00 | |||||
| $140.92 | 0.9689 | -$37.05 | 2 | $7,410.00 | |||||
| $2,225.00 | 8.23% | ||||||||
| BASIC SUMMARY OF THE TRADE - CCW + LEAPS | | |||||||
| SUMMARY | |||||||||
| CLOSEOUT TOTALS / BREAKDOWN BY STEP | |||||||||
| BUY TO CLOSE SHORT POSITION | N/A | ||||||||
| TOTAL | N/A | ||||||||
| PAID FOR LEAPS | -$27,035.00 | ||||||||
| SOLD LEAPS | $2,225.00 | ||||||||
| TOTAL COVERED CALL PREMIUMS COLLECTED | $422.00 | ||||||||
| TOTAL CASH FLOW | $2,647.00 | ||||||||
| CASH ON CASH % +/- | 9.79% | ||||||||
| DIVIDEND TREE PURCHASE (IF ANY) | | |||||||
| DIVIDEND TREE | |||||||||
| DETAILS OF THE DIVIDEND STOCK I PURCHASED WITH PROFIT | |||||||||
| 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? | |||||||||
| 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 | |||||||||
| DIVIDEND PAYING STOCK | SYM | Date | Shares | Total Cost | |||||
| YieldMax MSTR Option Income Strategy ETF | MSTY | Sep-3 | 13 | $291.33 | |||||
| #N/A | Sep-5 | $0.00 | |||||||
| #N/A | Sep-11 | $0.00 | |||||||
| Defiance Nasdaq 100 Income Target ETF | QQQT | Sep-30 | 64 | $1,235.84 | |||||
| #N/A | $0.00 | ||||||||
| #N/A | $0.00 | ||||||||
| #N/A | $0.00 | ||||||||
| #N/A | $0.00 | ||||||||
| #N/A | $0.00 | ||||||||
| #N/A | $0.00 | ||||||||
| #N/A | $0.00 | ||||||||
| 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 | |||||||||
| © 2024 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
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