| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED PMCC TRADE | ||||||||
| THIS PMCC TRADE IS CLOSED / NO ROLL | CLOSED | ||||||||
| ADDED CASH FLOW | $910.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| BECAUSE I DID NOT ROLL FOR ANOTHER CREDIT, I'M TAKING A 'WAIT AND SEE' APPROACH AND WILL MONITOR THE MARKETS DAILY FOR ANOTHER CHANCE TO PUT THESE SHARES 'IN PLAY' HOPING TO ACHIEVE A PROFIT ON THE COST BASIS OF MY SHARE PURCHASE | |||||||||
| DAYS ON | THIS PMCC TRADE IS CLOSED / NO ROLL | ||||||||
| 12 | June 18, 2025 | June 30, 2025 | |||||||
LABU |  | TIME AND DATE STAMP | |||||||
| Monday, June 30, 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'. | |||||||||
| TRACK THE ENTIRE TRADE PROGRESS HERE > Click Link | View Chart-LABU | ||||||||
| UNIQUE TRADE IDENTIFIER | LABU652.45 | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, (7) Covered Call contract(s) were bought back on Direxion Daily S&P Biotech Bull 3X Shares (ticker: LABU) Because I bought this option back early, I did not make max profit. The final profit / cash flow collected is posted below. Note, instead of making the original premium profit projection of ~$2.45 per share or $3.185, I collected less which equaled ~$910. of the total projected cash flow for this trade. | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I CLOSED this PMCC Trade on > LABU | |||||||||
| By using time to our advantage, we’re buying this option back at a price that’s more than 50% lower. Now, we’re going to roll it into another covered call for a credit, further reducing our cost basis. The goal is to exit this trade profitably—but if that doesn’t happen, we’ll continue the process, as our LEAPS call options don’t expire until September. | |||||||||
| PROJECTED PROFIT POTENTIAL (IF SHARES ARE TAKEN) | |||||||||
| Stock Price - placed | Date | Total Prem$ | Contracts | ||||||
| $56.24 | Jun-18 | $2.45 | 7 | ||||||
| Strike Price | Expire | Days | Collected Cash Flow | ||||||
| $65.00 | Jul-18 | 12 | $910.00 | ||||||
| Buy Back | Final Made ? | Total CoC% gain | |||||||
| -$1.15 | $1.30 | 3.29% | |||||||
| General plan for my Covered Call Write 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 to 4% preferred | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% Rule | 10% Rule | |||||||
| $2.45 | $1.23 | $0.25 | |||||||
| 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. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
 | LEAPS CALL OPTION INFORMATION | | |||||||
| LEAPS CALL OPTION | |||||||||
| DETAILS OF THE LEAPS CALL OPTION I PURCHASED | |||||||||
| Below is the LEAPS Call Option purchase information. The performance part is based on a DELTA MOVE in the LEAPS vs the ACTUAL stock move so the numbers are as close as I can get them as DELTAs can change | |||||||||
| BELOW ARE ALL OF MY LEAPS PURCHASES FOR THIS TRADE | |||||||||
| Stock Price | Strike Price | LEAPS Price | Contracts | Investment | |||||
| $26.00 | $57.59 | -$39.46 | 7 | $27,622.00 | |||||
| $0.00 | |||||||||
| $0.00 | |||||||||
| BELOW IS FURTHER DETAILS AND THE AVERAGE OF ALL | |||||||||
| Delta | Expiration | Strike | Total Investment | ||||||
| 0.9559 | Sep2025 | $26.00 | $27,622.00 | ||||||
| Contracts | Controlling | Average Price? | |||||||
| 7 | 700 | -$39.46 | |||||||
| The Current LEAPS value > | Current Value | $31.20 | |||||||
| I AM CURRENTLY (+) or (-) this amount starting this trade > | -$8.26 | ||||||||
| The LEAPS value will move higher > | Projected Value | $39.94 | |||||||
| The 'Projected Value' is based on where the LEAPS is valued at the start of this trade and where the LEAPS value will be at the strike price. | |||||||||
| USING THIS LEAPS CALL OPTION, HOW MUCH PREMIUM ? | |||||||||
| Below are all of the Covered Calls I have sold while owning this position. It does includes the current active Covered Call Trade. | |||||||||
| Date Opened | Date Closed | Cash Flow | CoC% +/- | ||||||
| Mar-19 | Apr-11 | $368.00 | 1.33% | ||||||
| Apr-30 | May-6 | $496.00 | 1.80% | ||||||
| May-12 | May-13 | $728.00 | 2.64% | ||||||
| May-20 | May-28 | $525.00 | 1.90% | ||||||
| May-28 | Jun-13 | $560.00 | 2.03% | ||||||
| Jun-13 | Jun-16 | $889.00 | 3.22% | ||||||
| Jun-16 | Jun-17 | $490.00 | 1.77% | ||||||
| Jun-18 | Jun-20 | $1,015.00 | 3.67% | ||||||
| Jun-18 | Jun-30 | $910.00 | 3.29% | ||||||
| Jun-30 | Jul-25 | $1,190.00 | 4.31% | ||||||
| $0.00 | 0.00% | ||||||||
| $7,171.00 | 25.96% | ||||||||
 | 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? | |||||||||
| 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 | |||||||||
| DIVIDEND PAYING STOCK | SYM | Date | Shares | Total Cost | |||||
| Defiance Nasdaq 100 Enhanced Options & 0DTE In ETF | QQQY | Jun-30 | 26 | $673.14 | |||||
| On Jun - I bought 26 shares of QQQY at market - Filled at $25.89 - $666.75 < - > I then took 25% of the total premium profit and bought 5 shares of XDTE paying $43.56 per share for taxes purposes | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/LABU?p=LABU | ||||||||
 | 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 | Jun-30 | 5 | $217.80 | |||||
| I took 25% of the total premium profit $910. and bought (2) 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 | |||||||||
| Disclaimer - Yes - at the time of this posting I do own LEAPS Call Options. 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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