| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW (NO ROLL) | CLOSED | ||||||||
| ADDED CASH FLOW | $730.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||
| 16 | January 21, 2025 | February 6, 2025 | |||||||
NVDX |  | TIME AND DATE STAMP | |||||||
| Thursday, February 6, 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 | NVDX170.4 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/NVDX?p=NVDX | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED this Covered Call position on (NVDX) | |||||||||
| Today, (20) Covered Call contracts were bought back on T-Rex 2X Long Nvidia Daily Target ETF (ticker: NVDX) for the Febuary-7-2024 Expiration Date, $17 Strike Price for a Premium of $0.4 > NVDX was trading for $15.25 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 $0.365 or % of the total projected cash flow for this trade. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $15.25 | Jan-21 | Feb-7 | 16 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $17.00 | 20 | -$0.04 | $730.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $34,000.00 | 2.15% | ||||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CCW Trade on > NVDX | |||||||||
| NVDX early buy back > We buy back early because we sell time and with (1) day left and only needing to find $0.03 cents in the next trade, it makes total sense to buy this back early and try to ROLL and find another trade using that added time to our advantage. | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $0.40 | $0.20 | $0.04 | $0.04 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -91.25% | ||||||||
| 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. | |||||||||
| DID I COLLECT A DIVIDEND DURING THIS TIMEFRAME? | |||||||||
| No, I did not collect a dividend because either > they did not have an Ex-Date during this timeframe > my shares were taken prior to the Ex-Date | |||||||||
| Dividend Amount | Shares | Cash Flow Collected | |||||||
| $0.00 | N/A | N/A | |||||||
| General plan for my Covered Call Cash on Cash % investments > I like to generate a 3% 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 3% preferred | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buyback was? | ||||||
| $0.40 | $0.20 | $0.04 | -$0.04 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -91.25% | ||||||||
| 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. | |||||||||
| DETAILS OF THE STOCK PURCHASE | |||||||||
| I have owned these shares with an original cost basis of $17 | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $17.00 | Bought | 2000 | $34,000.00 | ||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
 | 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? | |||||||||
| Dividend Paying Stock | SYM | Date | Shares | Total Cost | |||||
| Roundhill Innov-100 0DTE Covered Call Strat ETF | QDTE | Feb-6 | 18 | $720.54 | |||||
| On Feb - 6 using profits from a trade, I bought 17 shares of QDTE at market - Filled at $40.03 - $700 | |||||||||
| 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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