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Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP |
| Friday, August 1, 2025 |
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| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY |
| Direxion Daily S&P Biotech Bull 3X Shares | LABU |
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| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS |
| $630.00 | $520.00 |
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| CLOSED CCW TRADE DETAILS |
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) |
| On Jul-18 I placed this original trade and below are the details of that trade. |
| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES |
| Stock Price - placed | Date | Expire WAS | Days On |
| $62.48 | Jul-18 | Aug-1 | 14 |
| Strike Price | Contracts | BUY BACK | Percentage Down |
| $64.50 | 2 | -$0.05 | -98.44% |
| Cash Flow Collected | Cash Flow Collected |
| $630.00 | 4.91% |
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) |
| WHY I CLOSED this CCW Trade on > LABU |
| stock falls after a week of trading above the strike price ... so we buy this back for 0.05 cents and will now do another call on the shares as they are within striking distance of her cost basis |
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| UNIQUE CLOSED TRADE IDENTIFIER | LABU64.53.2 |
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 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  |
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| ROLLED CCW TRADE DETAILS |
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) |
| Today, Aug-1 I placed this NEW CCW trade and below are the details of that trade. |
| Strike Price was | Strike Price | Expire | Days |
| $61.61 | $64.50 | Aug-15 | 14 |
| NEW Premium | Contracts | Projected Cash Flow |
| $2.60 | 2 | $520.00 |
| Projected CoC % |
| 4.05% |
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) |
| WHY I OPENED this CCW Trade on > LABU |
| This > (14) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $520 dollars which represents 4.05% on money invested. |
| Further Commentary as to why I did this trade |
| LABU ( 3x Leveraged ETF to the S&P500 Bio Techs ) > Cost basis being $64.22 , we continue to take money from the stock market by using our cost basis for another 2 week trade in hopes the stock recovers to our cost basis ... we'd have completed 3 CC's writes , making good money and yet the buy and hold investor would have made nothing as we'd be getting out at our cost basis |
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| MY COST BASIS ON THESE SHARES |
| Cost Basis - shares | Acquired? | Shares | Total Cost |
| $64.22 | Assigned (CSP) | 200 | -$12,844.00 |
| If my shares are assigned (taken) I will make money on the shares |
| UNIQUE NEW TRADE IDENTIFIER | LABU64.52.6 |
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|  | DIVIDEND TREE PURCHASE (IF ANY) | | |
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| 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 |
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| 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 |
| Roundhill Russell 2000 0DTE Covered Call Strat ETF | RDTE | Aug-1 | 14 | $460.18 |
| stock falls after a week of trading above the strike price ... so we buy this back for 0.05 cents and will now do another call on the shares as they are within striking distance of her cost basis |
| Yahoo Summary Link > | https://finance.yahoo.com/quote/FALSE?p=FALSE |
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| | HOW YOU WOULD BENEFIT FROM THIS TRADE | | |
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| 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. |
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| Stock Price was | Strike Price | Expire | Premium |
| $61.61 | $64.50 | Aug-15 | $260.00 |
| 100 Shares | IF Sold | Your Projected Profit |
| $6,161.00 | $6,450.00 | [ Stock Move + Premium - Cost Basis ] |
| $549.00 |
| 8.91% |
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| This is not a recommendation to buy or sell this stock |
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| 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 |
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| 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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