| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW (NO ROLL) | CLOSED | ||||||||
| WINNER | $960.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| STILL OWN THE SHARES | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||
| 2 | June 4, 2025 | June 6, 2025 | |||||||
SOXL |  | TIME AND DATE STAMP | |||||||
| Friday, June 6, 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 | SOXL200.24 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/SOXL?p=SOXL | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED this Covered Call position on (SOXL) | |||||||||
| Today, (60) Covered Call contracts were bought back on Direxion Daily Semiconductor Bull 3X Shares (ticker: SOXL) for the June-6-2025 Expiration Date, $20 Strike Price for a Premium of $0.24 > SOXL was trading for $18.96 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 $0.16 or 0.51% 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 | ||||||
| $18.96 | Jun-4 | Jun-6 | 2 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $20.00 | 60 | -$0.08 | $960.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $192,000.00 | 0.50% | ||||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CCW Trade on > SOXL | |||||||||
| Close but it didnt get over $20 so we close this for a profit and we will look to do this next week if possible ... trying to use my shares to pick up little krums where I can ... its a game and trades like this, although scary if I didnt want my shares taken help build that confidence ... and note, I used the $20 strike , the Expected Stock Move Calc said to use the $20.50 OTM strike which would have not even tested my shares being taken ... just a thought, always run trades through the ESMC | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $0.24 | $0.12 | $0.02 | $0.08 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -66.67% | ||||||||
| 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? | ||||||
| $0.24 | $0.12 | $0.02 | -$0.08 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -66.67% | ||||||||
| 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 $6000 | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $32.00 | Bought | 6000 | $192,000.00 | ||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
 | IRA > NO DIVIDEND TREE OR TAX BUCKET | | |||||||
| IRA TRADE | |||||||||
| LETTING MONEY BUILD THE ACCOUNT SIZE | |||||||||
| Because this is in my non-taxable account I'm just going to use the premium to build the account size to make more premium versus buying dividend paying funds will save that for all my taxable accounts and with no tax implications we're not going to put any money in the tax bucket either | |||||||||
| 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 - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | |||||||||
| 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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