| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD (ITM) COVERED CALL TRADE IS NOW | CLOSED | ||||||||
| ADDED CASH FLOW | $873.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| STILL OWN SHARES | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 8 | July 24, 2025 | August 1, 2025 | |||||||
BITX |  | TIME AND DATE STAMP | |||||||
| Friday, August 1, 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 IDENTIFIER | BITX624.65 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/BITX?p=BITX | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED a Covered Call position on (BITX) | |||||||||
| Today (9) ITM Covered Call contract(s) were bought back on (ticker: BITX) for the expiration date Aug-1 (0) days early , the original Strike Price was $62 for a premium of $4.65 for which only $1.05 was Time Value Premium or the profit in this trade. | |||||||||
| Further commentary as to why I opened this trade > | |||||||||
| closing this early because I just closed a 63 strike early, I want to consoledate the shares into one CC for this coming week ... 2400 shares | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| ACTUAL PRICE | OPTION PRICE AT MOMENT OF CLOSING | |||||||||
| STOCK PRICE | OPTION PRICE | STRIKE PRICE | TIME VALUE LEFT | ||||||
| $62.22 | $0.63 | $62.00 | -$1.41 | ||||||
| Total Profit | |||||||||
| $873.00 | |||||||||
| Remember , I only make Time Value Premium profit on an In The Money Covered Call ... so I bought back the option and SOLD the shares for the current market value ... this leaves me with the result you see above on this trade ... if you are not understanding of the result , watch the 'In The Money' (ITM) Covered Call video below to help | |||||||||
| 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 | ||||||||
 | 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 - Yes - I own sharesrisk 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 | |||||||||
| © 2025 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
