| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
 | NEW CSP TRADE | ||||||||
| STANDARD CASH SECURED PUT TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CSP TRADE BEGINS AND ENDS | ||||||||
| 8 | October 31, 2024 | November 8, 2024 | |||||||
SOXL |  | TIME AND DATE STAMP | |||||||
| Thursday, October 31, 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 | SOXL271.23 | ||||||||
| Yahoo Summary Page > | https://finance.yahoo.com/quote/SOXL?p=SOXL | ||||||||
| DETAILS FOR THIS CASH SECURED PUT TRADE | |||||||||
| Today a NEW Cash Secured Put position was opened using Direxion Daily Semiconductor Bull 3X Shares (ticker: SOXL) when the stock was trading for $29.46 a shares. I sold (10) Cash Secured Put contract(s) using (1000) shares worth of money for the Nov-8-2024 Expiration Date, $27 Strike Price receiving a Premium of $1.23 of $1230 in upfront cash flow to begin this trade. This would be an (OTM) Cash Secured Put. | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > Direxion Daily Semiconductor Bull 3X Shares (SOXL) | |||||||||
| This SOXL trade begins as a > (8) day trade where I'm trying to capture anywhere from 1.2% - 1.3% for a weekly Cash Secured Put and 3% or more for a monthly expiration. This trade will make $1230 dollars which represents 4.55% on money invested. | |||||||||
| Further commentary as to why I opened this trade > | |||||||||
| Feeling confident that even on SOXL's worse day ($25) if I am assigned these shares at $27 I can turn right around and do a CC at the $27 strike ... this market is taking some risk off the board ... EVEN WITH the bloodbath many are feeling , we keep staying the course , cherry picking spots that give us a possible (2) trade , trade ... THIS CSP and if assigned, then a good CC ... crossing fingers | |||||||||
| > as with every trade, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| PROJECTED PROFIT POTENIAL (CSP PREM ONLY) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $29.46 | Oct-31 | $1.23 | 10 | ||||||
| Strike Price | Expire | Days | Projected Cash Flow | ||||||
| $27.00 | Nov-8 | 8 | $1,230.00 | ||||||
NOTE: I will take any profits from this trade and buy equal amounts of a dividend paying stocks for passive income (TBD) | Projected CoC% gain | ||||||||
| 4.56% | |||||||||
| Cash Invested? | Projected Prem? | CoC% | |||||||
| $27,000.00 | $1,230.00 | 4.56% | |||||||
MET 3% GOAL | |||||||||
| General plan for my Cash Secured Puts Cash on Cash % investments > I like to generate a 2% Cash on Cash return on my money invested ... depending on the timeframe ... 1 week, 1% is ok but if 30 days I want more like 2 ot 3% perferred | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% Rule | 10% Rule | |||||||
| $1.23 | $0.62 | $0.12 | |||||||
| 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 | |||||||||
| 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 a position in this stock. 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 | |||||||||
Thursday, October 31, 2024
ROLLED UCPTD Trades | CCW on SOXL > $900 MADE > $3,060 PROJECTED > (15) days
| All rights reserved - Core Position Trading, LLC-2024 | |||||||||
| NEW CCW TRADES | ||||||||
| STANDARD COVERED CALL TRADE(S) NOW | ROLLED | ||||||||
Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP | ||||||||
| Thursday, October 31, 2024 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| Semiconductor Bull 3X Shares | SOXL | ||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $900.00 | $3,060.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Oct-28 I placed this original trade and below are the details of that trade. | |||||||||
| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $35.85 | Oct-28 | Nov-1 | 3 | ||||||
| Strike Price | Contracts | BUY BACK | Percentage Down | ||||||
| $33.00 | 20 | -$0.10 | -18.18% | ||||||
| Cash Flow Collected | Cash Flow Collected | ||||||||
| $900.00 | 1.36% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this CCW Trade on > SOXL | |||||||||
| Markets taking RISK off the board, SOXL falls hard as all the big Semi's are being sold off ... will ROLL these shares as my cost basis is $33, that is a do-able trade for a CC | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | SOXL333.4 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Oct-31 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $29.84 | $33.00 | Nov-15 | 15 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.53 | 20 | $3,060.00 | |||||||
| Projected CoC % | |||||||||
| 4.64% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CCW on > SOXL | |||||||||
| This > (15) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $3060 dollars which represents 4.63% on money invested. | |||||||||
| Further Commentary as to why I did this trade | |||||||||
| CCW on SOXL > My plan with the original ITM CC when buying these shares 'alomost' worked perfectly ... been saying the $40 -> $30 is SOXL range ... picking the $33.5 strike for the first trade ($33.00) strike allowed me to make money on the first trade and now even as SOXL falls to support , just $3 out from my $33.00 cost basis , Im able to get off a ROLLED trade that makes decent money for basically 2 weeks. | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $33.00 | Bought | 2000 | -$66,000.00 | ||||||
| If my shares are assigned (taken) I will break even on the shares | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | SOXL331.53 | ||||||||
 | LOSS BUY BACK (IF ANY) | | |||||||
| LOSS BUY BACK | |||||||||
| DETAILS OF THE LOSS BUY BACK USING THIS PREMIUM PROFIT | |||||||||
| Using Covered Call profits , I am buying back a LOSS in this stock to reduce my position and or trying to get out of the position even | |||||||||
 | |||||||||
| DID I REDUCE MY POSITION IN THIS LOSING STOCK? | |||||||||
| Using Covered Call profits , I want to buy back loss on a losing stock position | |||||||||
| LOSSING STOCK | SYM | Date | Shares SOLD | Total Cost | |||||
| Defiance Daily Target 2X Long SMCI ETF | SMCX | Oct-31 | 336 | $900.48 | |||||
| On Oct -31 using profits from a CC or CSP I sold equal amounts of LOSS in SMCX stock. I sold 336 shares @ $2.68 | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/SMCX?p=SMCX | ||||||||
| 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 | ||||||
| $29.84 | $33.00 | Nov-15 | $153.00 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $2,984.00 | $3,300.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $469.00 | |||||||||
| 15.72% | |||||||||
| 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 | |||||||||
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