| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD (ITM) COVERED CALL TRADE IS NOW | CLOSED | ||||||||
WINNER | $1,044.00 | ||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 7 | December 26, 2024 | January 2, 2025 | |||||||
BITX |  | TIME AND DATE STAMP | |||||||
| Thursday, January 2, 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 | BITX515.358 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/BITX?p=BITX | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED a Covered Call position on (2x Bitcoin Strategy ETF) | |||||||||
| Today (5) ITM Covered Call contract(s) were bought back on 2x Bitcoin Strategy ETF (ticker: BITX) for the expiration date Jan-10 (8) days early , the original Strike Price was $51 for a premium of $5.358 for which only $1.76 was Time Value Premium or the profit in this trade. | |||||||||
| Further commentary as to why I opened this trade > | |||||||||
| Simple, having made a tidy sum and having over 8 days left , I was able to buy this back ... and incredibley I bought back the options with about -0.10 cents in time value but when I sold the shares the share price moved higher , making this an even MORE profitable trade totally unexpected. | |||||||||
| THE ACTUAL BUY BACK FOR THIS OPTION POSTED BELOW | |||||||||
| STRIKE PRICE | STOCK PRICE | BUY BACK COST | TIME VALUE BUYBACK | ||||||
| $51.00 | $54.60 | -$4.94 | $209.00 | ||||||
| TOTAL OPTION PROFIT/LOSS (CASH) | $209.00 | ||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $54.60 | Bought | 500 | -$27,300.00 | ||||||
| SOLD SHARES | Total Profit | ||||||||
| $57.30 | $28,650.00 | ||||||||
| TOTAL SHARES PROFIT/LOSS (CASH) | $1,350.00 | ||||||||
| 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 | |||||
| YieldMax AMZN Option Income Strategy ETF | AMZY | Jan-3 | 44 | $827.20 | |||||
| I did not use any of this premium profit , this time, to purchase dividend paying stock , rather let the cash depsoit into my account and will use for another trade. | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/AMZY?p=AMZY | ||||||||
| 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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