| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CSP TRADE | ||||||||
| STANDARD CASH SECURED PUT TRADE IS NOW | CLOSED | ||||||||
WINNER | $950.00 | ||||||||
| DAYS ON | THIS CASH SECURED PUT TRADE IS CLOSED / NO ROLL | ||||||||
| 8 | August 26, 2025 | September 3, 2025 | |||||||
LABU | TIME AND DATE STAMP | ||||||||
| Wednesday, September 3, 2025 | |||||||||
| Direxion Daily S&P Biotech 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 | LABU621 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/SOXL?p=SOXL | ||||||||
| DETAILS FOR THIS CASH SECURED PUT TRADE | |||||||||
| Today, (10) Cash Secured Put contract(s) were bought back onDirexion Daily S&P Biotech Bull 3X Shares (ticker: LABU) for the Sep-5-2025 Expiration Date, $62 Strike Price for a Premium of $1 > LABU was trading for $68.28 a share when I placed this trade. 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 $0.95 or 1.53% of the total projected cash flow for this trade. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY KIDS ACCOUNT | |||||||||
| CASH SECURED PUTS ARE PREMIUM ONLY TRADES | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $68.28 | Aug-26 | Sep-5 | 8 | ||||||
| Strike Price | Premium WAS | The Buy Back | Cash Flow Collected | ||||||
| $62.00 | $1.00 | -$0.05 | $950.00 | ||||||
| Contracts | Cash Invested? | Cash Flow Collected | |||||||
| 10 | $62,000.00 | 1.53% | |||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CSP on > LABU | |||||||||
| This LABU trade closes after (8) days of being on for reasons I outline below. closed 2 days early as LABU has made it move into the 80's ... we can use this cash and time to pick another stock and do it again. | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $1.00 | $0.50 | $0.10 | -$0.05 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -95.00% | ||||||||
| 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. | |||||||||
| MY FAVORITE CASH SECURED PUT TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CSP TRAINING |  | ||||||||
| https://www.youtube.com/watch?v=JhmmSJBt_dg | |||||||||
| BASIC CSP 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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