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 | CLOSED CCW TRADE | ||||||||
| STANDARD (ITM) COVERED CALL TRADE IS NOW | CLOSED | ||||||||
| ADDED CASH FLOW | $380.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| STILL OWN SHARES | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 9 | February 19, 2025 | February 28, 2025 | |||||||
SOXL |  | TIME AND DATE STAMP | |||||||
| Friday, February 28, 2025 | |||||||||
| Direxion Daily Semiconductor Bull 3X Shares | |||||||||
| 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 | SOXL29.52.72 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/SOXL?p=SOXL | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED a Covered Call position on (SOXL) | |||||||||
| Today (5) ITM Covered Call contract(s) were bought back on (ticker: SOXL) for the expiration date Feb-28 (0) days early , the original Strike Price was $29.5 for a premium of $2.72 for which only $2.71 was Time Value Premium or the profit in this trade. | |||||||||
| Further commentary as to why I opened this trade > | |||||||||
| buy back the option , trading for a mere 0.01 cent , we will have to see how this market trades as it falling near $21x sucked for sure ... but we dont fret , the markets taking profits | |||||||||
| THE ACTUAL BUY BACK FOR THIS OPTION POSTED BELOW | |||||||||
| STRIKE PRICE | STOCK PRICE | BUY BACK COST | |||||||
| $29.50 | $31.45 | -$0.01 | |||||||
| TOTAL OPTION PROFIT/LOSS (CASH) | $380.00 | ||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $31.45 | Bought | 500 | -$15,725.00 | ||||||
| ITM INTRINSIC VALUE | NEW COST | NEW COST | |||||||
| $1.95 | $29.50 | -$14,750.00 | |||||||
| SOLD SHARES | Total Profit | ||||||||
| $63.90 | #VALUE! | ||||||||
| MY TRADING PHILOSPHY WHEN A STOCK IS UNDER MY COST BASIS | |||||||||
| We Control the Outcome – A trade is never a loss until we decide it is. Stocks and ETFs fluctuate, and we take advantage of these movements by selling premium until the shares are called away. Losses are only realized when we choose to exit a trade due to a lack of confidence. This mindset reinforces that even if a stock is down, we are not out—we manage positions strategically to exit near our cost basis, counting premium income along the way and seeking new opportunities. | |||||||||
| 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 Universe Fund of Option Income ETFs | YMAX | Feb-28 | 22 | $327.58 | |||||
| On Feb - 28 using profits from a trade, I bought 22 shares of YMAX at market - Filled at $14.89 - $330 < - > I then took 25% of the total premium profit and bought 1 shares of XDTE paying $48 per share for taxes purposes | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/YMAX?p=YMAX | ||||||||
 | TAX BUCKET DEPOSIT (IF ANY) | | |||||||
| TAX BUCKET | |||||||||
| DID I SAVE SOME MONEY FOR TAXES? | |||||||||
| Saving money from profits to help pay for taxes is important so I moved over this amount and bought this dividend ETF as a place holder for the tax year | |||||||||
| DIVIDEND PAYING STOCK | SYM | Date | Shares | Total Cost | |||||
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | XDTE | Feb-28 | 1 | $48.00 | |||||
| I took 25% of the total premium profit $YMAX and bought (1) shares of XDTE to keep all year and collect dividends on and come tax time I will sell equal dollars in said ETF to pay the tax man | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/XDTE | ||||||||
| 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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