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 | CLOSED CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW (NO ROLL) | CLOSED | ||||||||
| ADDED CASH FLOW | $880.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| STILL OWN THE SHARES | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||
| 3 | March 24, 2025 | March 27, 2025 | |||||||
MSTX |  | TIME AND DATE STAMP | |||||||
| Thursday, March 27, 2025 | |||||||||
| Defiance Daily Target 2x Long MSTR ETF | |||||||||
| 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 | MSTX361.35 | ||||||||
| 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, (8) Covered Call contracts were bought back on Defiance Daily Target 2x Long MSTR ETF (ticker: MSTX) for the March-28-2024 Expiration Date, $36 Strike Price for a Premium of $1.35 > MSTX was trading for $33.65 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 $1.1 or 3.05% of the total projected cash flow for this trade. | |||||||||
| STILL OWN THE SHARES | |||||||||
| 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 | ||||||
| $33.65 | Mar-24 | Mar-28 | 3 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $36.00 | 8 | -$0.25 | $880.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $28,800.00 | 3.06% | ||||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CCW Trade on > MSTX | |||||||||
| I can let this go until tomorrow but I've decided to take this off the board park at the over $880 and we'll go ahead and look to do a next Friday covered call picking another strike price in and around my original strike price and cost basis of $42 as I mentioned picking this $36 I missed the fact that my cost basis was $42 so we'll use the $42 strike in the roll when I roll | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $1.35 | $0.68 | $0.14 | $0.25 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -81.48% | ||||||||
| 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? | ||||||
| $1.35 | $0.68 | $0.14 | -$0.25 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -81.48% | ||||||||
| 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 $800 | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $36.00 | Bought | 800 | $28,800.00 | ||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
| 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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