| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||||||||||||||||||||||||||||||||
 | CLOSED CCW TRADE | ||||||||||||||||||||||||||||||||||||||
| STANDARD COVERED CALL TRADE IS NOW (NO ROLL) | CLOSED | ||||||||||||||||||||||||||||||||||||||
| WINNER | $800.00 | ||||||||||||||||||||||||||||||||||||||
| BUT SHARES ARE DOWN | |||||||||||||||||||||||||||||||||||||||
| STILL OWN THE SHARES | |||||||||||||||||||||||||||||||||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||||||||||||||||||||||||||||||||
| 4 | October 27, 2025 | October 31, 2025 | |||||||||||||||||||||||||||||||||||||
TNA |  | TIME AND DATE STAMP | |||||||||||||||||||||||||||||||||||||
| Friday, October 31, 2025 | |||||||||||||||||||||||||||||||||||||||
| Direxion Daily Small Cap 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 | TNA473.25 | ||||||||||||||||||||||||||||||||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/TNA?p=TNA | ||||||||||||||||||||||||||||||||||||||
| COVERED CALL | |||||||||||||||||||||||||||||||||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||||||||||||||||||||||||||||||||
| Today I CLOSED this Covered Call position on (TNA) | |||||||||||||||||||||||||||||||||||||||
| Today, (20) Covered Call contracts were bought back on Direxion Daily Small Cap Bull 3x Shares (ticker: TNA) for the (October)-31-2025 Expiration Date, $47 Strike Price for a Premium of $3.25 > TNA was trading for $49.6 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 $3 or 0.81% 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 | ||||||||||||||||||||||||||||||||||||
| $49.60 | Oct-27 | Oct-31 | 4 | ||||||||||||||||||||||||||||||||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||||||||||||||||||||||||||||||||
| $47.00 | 20 | -$0.25 | $800.00 | ||||||||||||||||||||||||||||||||||||
| Cash Invested? | Cash Flow Collected | ||||||||||||||||||||||||||||||||||||||
| $99,200.00 | 0.81% | ||||||||||||||||||||||||||||||||||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||||||||||||||||||||||||||||||||
| WHY I CLOSED this CCW Trade on > TNA | |||||||||||||||||||||||||||||||||||||||
| Maybe TNA finishes above $47, maybe it doesn’t — but I’m taking the “we take what the market gives us” approach. The market is up, which means writing a next-week covered call using these shares will bring in more premium now than it likely will later, especially if the markets start to tail off. The ITM premium was $0.65, so I buy this back for $0.25 ... making less ... but my cost basis remains the same ... so I will ROLL this into next week for another , now OTM Covered Call with the $47 as my cost basis ... I probably pulled the trigger on the buy back too soon ... the stock is rallying but I have a Halloween parade to go to for my grand daughter so we take care of business and not look back :) | |||||||||||||||||||||||||||||||||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||||||||||||||||||||||||||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||||||||||||||||||||||||||||||||
| $3.25 | $1.63 | $0.33 | $0.25 | ||||||||||||||||||||||||||||||||||||
| -50% Rule? | Percentage Down | ||||||||||||||||||||||||||||||||||||||
| YES | |||||||||||||||||||||||||||||||||||||||
| 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? | ||||||||||||||||||||||||||||||||||||
| $3.25 | $1.63 | $0.33 | -$0.25 | ||||||||||||||||||||||||||||||||||||
| -50% Rule? | Percentage Down | ||||||||||||||||||||||||||||||||||||||
| YES | |||||||||||||||||||||||||||||||||||||||
| 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 $2000 | |||||||||||||||||||||||||||||||||||||||
| MY COST BASIS ON THESE SHARES | |||||||||||||||||||||||||||||||||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||||||||||||||||||||||||||||||||
| $49.60 | Bought | 2000 | $99,200.00 | ||||||||||||||||||||||||||||||||||||
| 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: Yes, I do own shares | |||||||||||||||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||
| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
| NEW CCW TRADE | ||||||||
| NEW (ITM) COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 4 | October 27, 2025 | October 31, 2025 | |||||||
TNA |  | TIME AND DATE STAMP | |||||||
| Monday, October 27, 2025 | |||||||||
| Direxion Daily Small Cap 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 | TNA473.25 | ||||||||
| Yahoo Summary Page > | https://finance.yahoo.com/quote/TNA?p=TNA | ||||||||
| - | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW (ITM) Covered Call position was opened using (ticker: TNA) | |||||||||
| Direxion Daily Small Cap Bull 3x Shares , when the stock was trading for $49.6 a share I Sold (20) (ITM) Covered Call contract(s) using (2000) shares for the October-31-2025 expiration date, strike price of $47 receiving a premium of $3.25 or $6500 in up front cash flow to begin this trade. These shares I'm using have were aquired via () and have a cost basis of $49.6 per share. | |||||||||
| - | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > TNA | |||||||||
| This TNA (4) day trade , where I'm trying to capture anywhere from 1.2% to 1.6% for a 5 day trade will make me a projected 1.31% Cash on Cash on money invested | |||||||||
| Further Commentary as to why I did this trade | |||||||||
| TNA (3X Leveraged ETF to the Russell 2000) > The markets are moving higher, and so is TNA. We’re going to take advantage of this move and give ourselves some downside protection. We catch some good news today with China and US talks being positive, this is a short trade, expiring this friday, Oct-31st, lets hope its a 'treat' and not a 'trick' | |||||||||
| - | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| - | |||||||||
| PROJECTED PROFIT POTENTIAL (CCW PREM ONLY) | |||||||||
| If this trade goes as planned, I will have my shares taken at my strike price and I will only collect the difference between the Real Money and Time Value which is the plan | |||||||||
| COST BASIS | STRIKE | PREM | Projected Cash Flow | ||||||
| $49.60 | $47.00 | $3.25 | $1,300.00 | ||||||
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % | ||||||
| 4 | $2.60 | $0.65 | 1.31% | ||||||
| This being an ITM Covered Call ... I did collect the premium of $3.25 but remember that I'm giving away my shares cheaper at $47 so in this case the Time Value premium profit could be $2.74 or $6500 in total premium profit if NO buy back. | |||||||||
| - | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $49.60 | Bought | 2000 | -$99,200.00 | ||||||
 | HOW YOU WOULD BENEFIT FROM THIS TRADE | | |||||||
| ITM CC 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. | |||||||||
| Stock Price was | Strike Price | Expire | Premium | ||||||
| $49.60 | $47.00 | Oct-31 | $3.25 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $4,960.00 | $4,700.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $65.00 | |||||||||
| 1.31% | |||||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
| CASH SECURED PUT > SAME STRIKE | |||||||||
| I DID THE ITM CC , YOU COULD DO THE CSP , SAME STRIKE | |||||||||
| I bought shares and then sold the ITM CCW ... you could select the same Strike Price and sell a Cash Secured Put ... basically the same trade with similair Cash on Cash % on money invested' | |||||||||
| COST BASIS | STRIKE | PREM | Projected Cash Flow | ||||||
| $47.00 | $47.00 | ~ $2.74 | $5,480.00 | ||||||
| Cash on Cash % | |||||||||
| 5.52% | |||||||||
| 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 shares. 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 | |||||||||
| © 2025 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
