| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD (ITM) COVERED CALL TRADE IS NOW | CLOSED | ||||||||
WINNER | $1,000.00 | ||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 8 | January 22, 2025 | January 30, 2025 | |||||||
TNA |  | TIME AND DATE STAMP | |||||||
| Thursday, January 30, 2025 | |||||||||
| 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 | TNA424.05 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/TNA?p=TNA | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED a Covered Call position on (TNA) | |||||||||
| Today (20) ITM Covered Call contract(s) were bought back on Direxion Daily Small Cap Bull 3x Shares (ticker: TNA) for the expiration date Jan-31 (1) days early , the original Strike Price was $42 for a premium of $4.05 for which only $1.04 was Time Value Premium or the profit in this trade. | |||||||||
| Further commentary as to why I opened this trade > | |||||||||
| TNA moved higher, this expires tomorrow and paying back 0.05 to have this money working for another 1 week trade is the plan , pay 0.05 to release the obligation , now use money for another trade | |||||||||
| THE ACTUAL BUY BACK FOR THIS OPTION POSTED BELOW | |||||||||
| STRIKE PRICE | STOCK PRICE | BUY BACK COST | |||||||
| $42.00 | $45.50 | $4.10 | |||||||
| TOTAL OPTION PROFIT/LOSS (CASH) | -$7,100.00 | ||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $45.50 | Bought | 2000 | -$91,000.00 | ||||||
| ITM INTRINSIC VALUE | NEW COST | NEW COST | |||||||
| -$3.50 | $42.00 | -$84,000.00 | |||||||
| SOLD SHARES | Total Profit | ||||||||
| $46.05 | $92,100.00 | ||||||||
| TOTAL SHARES PROFIT/LOSS (CASH) | $8,100.00 | ||||||||
| TOTAL PROFIT/LOSS (CASH) | $1,000.00 | ||||||||
| 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 | |||||||||
| MEMBERS VIDEO THAT EXPLAINS AN IN-THE-MONEY (ITM) COVERED CALL | |||||||||
| https://youtu.be/nYCpvULss7o | Explaining ITM CC basics | ||||||||
| https://youtu.be/UqtTDH2PuzM | Explaining the CC Buy Back of an Option | ||||||||
 | DIVIDEND TREE PURCHASE (IF ANY) | | |||||||
| DIVIDEND TREE PLANT | |||||||||
| 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 | |||||
| #N/A | N/A | Jan-30 | 0 | $0.00 | |||||
| I did not use any of this premium profit , this time, to purchase dividend paying stock , rather let the cash deposit into my account and will use for another trade. | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/N/A?p=N/A | ||||||||
| 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 | |||||||||
| 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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