| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW (NO ROLL) | CLOSED | ||||||||
| WINNER | $1,470.00 | ||||||||
| 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 | |||||||
BITX |  | TIME AND DATE STAMP | |||||||
| Friday, October 31, 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 | BITX551.45 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/BITX?p=BITX | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED this Covered Call position on (BITX) | |||||||||
| Today, (10) Covered Call contracts were bought back on 2x Bitcoin Strategy ETF (ticker: BITX) for the (October)-31-2025 Expiration Date, $55 Strike Price for a Premium of $1.45 > BITX was trading for $54.73 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 $1.2 or 2.69% 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 | ||||||
| $54.73 | Oct-27 | Oct-31 | 4 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $55.00 | 10 | -$0.25 | $1,470.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $54,730.00 | 2.69% | ||||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CCW Trade on > BITX | |||||||||
| even with 2 days left, we close this because I know I can get this 0.25 cents back for a next week ROLL > the stock has fallen such that this option is down -82% which means we will use TIME to our advantage and close this trade, taking risk off the table and now have cash back in the account to make another trade | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $1.45 | $0.73 | $0.15 | $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? | ||||||
| $1.45 | $0.73 | $0.15 | -$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 $1000 | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $54.73 | Bought | 1000 | $54,730.00 | ||||||
| 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 TRADES | ||||||||
| STANDARD COVERED CALL TRADE(S) NOW | ROLLED | ||||||||
Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP | ||||||||
| Monday, October 27, 2025 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| Direxion Daily Small Cap Bull 3x Shares | BITX | ||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $1,970.00 | $1,450.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Oct-23 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 | ||||||
| $50.05 | Oct-23 | Oct-31 | 4 | ||||||
| Strike Price | Contracts | BUY BACK | Percentage Down | ||||||
| $50.00 | 10 | -$0.13 | -93.95% | ||||||
| Cash Flow Collected | Cash Flow Collected | ||||||||
| $1,970.00 | 3.94% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this CCW Trade on > BITX | |||||||||
| This option expiring this week has rallied considerably from my 50 strike, and when I ran the buyback numbers, I’m only paying about $13 to close this trade. But here’s the most important part — they’re going to announce a dividend, and with my cost basis at $54.78, even if I buy these shares back, I can write a 55 covered call, collect about $1.45, and potentially collect the dividend. So, we’ll go ahead and buy this back and roll it — collecting $1,970 on this trade. This trade is effectively closed, and now we’re rolling it primarily to capture the dividend, which I believe will be around $0.61 this week. In a short time frame, between the $1.45 covered call premium and the $0.61 dividend, we’re positioning the shares at $55 — hopefully getting called away there and locking in a solid profit. > the stock has fallen such that this option is down -93.95% which means we will use TIME to our advantage and close this trade, taking risk off the table and now have cash back in the account to make another trade | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | BITX502.15 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Oct-27 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $54.73 | $55.00 | Oct-31 | 4 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.45 | 10 | $1,450.00 | |||||||
| Projected CoC % | |||||||||
| 2.65% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CCW Trade on > BITX | |||||||||
| This > (4) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $1450 dollars which represents 5.94% on money invested. | |||||||||
| Further Commentary as to why I did this trade | |||||||||
| BITX (2x Leveraged ETF to Bitcoin) > BITX @ $49.72 , I bought shares basically at $50.05 and tried to get a premium for this strike, the stock fell ... so took this at the moment , we take what the market gives us even if I tried higher , NO idea if it will/would get back so we do the call. | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $54.73 | Assigned (CSP) | 1000 | -$54,730.00 | ||||||
| If my shares are assigned (taken) I will make money on the shares | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | BITX551.45 | ||||||||
 | HOW YOU WOULD BENEFIT FROM THIS TRADE | | |||||||
| 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 | ||||||
| $54.73 | $55.00 | Oct-31 | $145.00 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $5,473.00 | $5,500.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $172.00 | |||||||||
| 3.14% | |||||||||
 | 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 | |||||||||
