| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| COVERED CALL TRADE IS NOW | CLOSED | ||||||||
| N --- This would be a trade in my sons account , he has ~$60,000 in this account | |||||||||
| ADDED CASH FLOW | $820.00 | ||||||||
| |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||
| 5 | January 17, 2025 | January 22, 2025 | |||||||
MSTX | TIME AND DATE STAMP | ||||||||
| Thursday, January 23, 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 | MSTX755.8 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/MSTX?p=MSTX | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED this Covered Call position on (MSTX) | |||||||||
| Today, (2) Covered Call contracts were bought back on Defiance Daily Target 2x Long MSTR ETF (ticker: MSTX) for the Jan-31-2024 Expiration Date, $75 Strike Price for a Premium of $5.8 > MSTX was trading for $61.15 a share. 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 $4.1 or 70.69% of the total projected cash flow for this trade. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY KIDS TAXABLE ACCOUNT | |||||||||
| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $61.15 | Jan-17 | Jan-31 | 5 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $75.00 | 2 | -$1.70 | $820.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $15,116.00 | 5.42% | ||||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CCW Trade on > MSTX | |||||||||
| With the stock falling some -70.6% we're going to go ahead and buy this back take the profit and what we'll do is wait for the stock to move a little bit higher and try to get off another covered call using the same strike price possibly pushing this out to mid-February as a roll | |||||||||
| DETAILS OF THE STOCK PURCHASE | |||||||||
| I have owned these shares with an original cost basis of $75.58 | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $75.58 | Bought | 200 | $15,116.00 | ||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW 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 | |||||
| Roundhill Innov-100 0DTE Covered Call Strat ETF | QDTE | Jan-23 | 7 | $285.60 | |||||
| On Jan - 23 using profits from a trade, I bought 7 - Shares of QDTE at Market - Filled at $40.8 - $273.33 | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/QDTE?p=QDTE | ||||||||
| 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 | |||||||||
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