Thursday, March 6, 2025

OPEN CCW Trade | BITX > $720 PROJECTED > 0.54% (1) days > UT (BITX490.3)

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NEW CCW TRADE
NEW (OTM) COVERED CALL TRADE IS NOWOPEN
DAYSTHIS NEW CCW TRADE BEGINS AND ENDS
1March 6, 2025March 7, 2025
BITX
TIME AND DATE STAMP
Thursday, March 6, 2025
2x Bitcoin Strategy 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 IDENTIFIERBITX490.3
Yahoo Summary Page >https://finance.yahoo.com/quote/BITX?p=BITX
COVERED CALL
DETAILS FOR THIS COVERED CALL TRADE
Today a NEW Covered Call position was opened using ticker: BITX
2x Bitcoin Strategy ETF > when the stock was trading for $43.19 a share , I Sold (24) (OTM) Covered Call contracts(s) using (2400) shares for the Mar-7-202549 Expiration Date, $49.00 Strike Price receiving a Premium of $0.3 or $720 in upfront cash flow.
COMMENTARY AS TO WHY I OPENED THIS TRADE
WHY I OPENED this CCW on > BITX
This BITX trade begins as a (1) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $720 dollars which represents 0.54% on money invested.
Further commentary as to why I opened this trade >
BITX (2x Leveraged ETF to Bitcoin) Cost Basis for these shares @ $55.35 , I just feel I need to do something while we wait ... so we do this 1.5 day CC ... hoping the stock doesnt go above my strike price ... hoping it expires worthless
> as with every trade, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself.

HOW YOU WOULD BENEFIT FROM THIS TRADE
BUY SHARES > SELL CALL
For this trade, I already own the shares, so my total profit may or may not include stock appreciation. In your case, you would purchase the shares outright at the current trading price I’ve provided. You would then proceed to sell a near-term covered call, aiming to achieve the same premium for the same strike price and expiration date.
OF COURSE, this is all projected and the final results could have you LOSING MONEY. Ensure you understand this trade and that it meets your risk tolerance. I wish you good luck.
Stock Price wasStrike PriceExpirePremium
$43.19$49.00Mar-7$0.30
100 SharesIF SoldYour Projected Profit
$4,319.00$4,900.00[ Stock Move + Premium - Cost Basis ]
$611.00
14.15%
MY FAVORITE COVERED CALL TRAINING VIDEO
CLICK HERE TO WATCH CCW TRAINING
https://youtu.be/gYDt4S6Ixhk
BASIC CCW TRAINING
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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.
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