| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD COVERED CALL TRADE IS NOW (NO ROLL) | CLOSED | ||||||||
| ADDED CASH FLOW | $325.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| STILL OWN THE SHARES | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED / NO ROLL | ||||||||
| 15 | December 2, 2025 | December 17, 2025 | |||||||
MSFU |  | TIME AND DATE STAMP | |||||||
| Wednesday, December 17, 2025 | |||||||||
| Direxion Daily MSFT Bull 2X 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 | MSFU45.70.7 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/MSFU?p=MSFU | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED this Covered Call position on (MSFU) | |||||||||
| Today, (5) Covered Call contracts were bought back on Direxion Daily MSFT Bull 2X Shares (ticker: MSFU) for the (December)-19-2025 Expiration Date, $45.7 Strike Price for a Premium of $0.7 > MSFU was trading for $43.73977 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 $0.65 or 1.36% of the total projected cash flow for this trade. | |||||||||
| STILL OWN THE SHARES | |||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
| COVERED CALL BUY BACKS ARE PREMIEUM ONLY TRADES | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $43.74 | Dec-2 | Dec-19 | 15 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $45.70 | 5 | -$0.05 | $325.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $23,849.89 | 1.36% | ||||||||
| COMMENTARY AS TO WHY I CLOSED THIS TRADE | |||||||||
| WHY I CLOSED this CCW Trade on > MSFU | |||||||||
| The stock market has fallen off, taking the entire market with it. Microsoft has found itself drifting lower, which allows us to buy this option back for a nickel and then use the next two days to write a new 30-day covered call. This trade is simply going to float and keep moving forward. I have no concern about holding Microsoft for another month. | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $0.70 | $0.35 | $0.07 | $0.05 | ||||||
| -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? | ||||||
| $0.70 | $0.35 | $0.07 | -$0.05 | ||||||
| -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 $500 | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $47.70 | Bought | 500 | $23,849.89 | ||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
 | DIVIDEND TREE PURCHASE (IF ANY) | | |||||||
| 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 | |||||||||
 | |||||||||
| DID I ADD TO A 'DIVIDEND TREE' WITH THE PROFITS? | |||||||||
| Dividend Paying Stock | SYM | Date | Shares | Total Cost | |||||
| Roundhill Innov-100 0DTE Covered Call Strat ETF | QDTE | Dec-17 | 7 | $2.36 | |||||
| On Dec - 17 - I bought 7 shares of QDTE at market - Filled at $33.77 - $243.75 < - > I then took 25% of the total premium profit and bought 2 shares of XDTE paying $42.57 per share for taxes purposes | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/QDTE?p=QDTE | ||||||||
 | TAX BUCKET DEPOSIT (IF ANY) | | |||||||
| TAX BUCKET | |||||||||
| DID I SAVE SOME MONEY FOR TAXES? | |||||||||
| Saving money from profits to help pay for taxes is important so I moved over this amount and bought this dividend ETF as a place holder for the tax year | |||||||||
| DIVIDEND PAYING STOCK | SYM | Date | Shares | Total Cost | |||||
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | XDTE | Dec-17 | 2 | $85.14 | |||||
| I took 25% of the total premium profit $325 and bought (2) shares of XDTE to keep all year and collect dividends on and come tax time I will sell equal dollars in said ETF to pay the tax man | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/XDTE | ||||||||
| 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 | |||||||||
| CLOSED TRADE <-------> OPEN TRADE |  | |||||||
| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
| NEW CCW TRADE | ||||||||
| NEW (OTM) COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 18 | December 1, 2025 | December 19, 2025 | |||||||
MSFU |  | TIME AND DATE STAMP | |||||||
| Monday, December 1, 2025 | |||||||||
| Direxion Daily MSFT Bull 2X 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 | MSFU480.7 | ||||||||
| Yahoo Summary Page > | https://finance.yahoo.com/quote/MSFU?p=MSFU | ||||||||
| - | |||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW Covered Call position was opened using ticker: MSFU | |||||||||
| Direxion Daily MSFT Bull 2X Shares > when the stock was trading for $46.04 a share , I Sold (5) (OTM) Covered Call contracts(s) using (500) shares for the (December)-19-2025 Expiration Date, $48.00 Strike Price receiving a Premium of $0.7 or $350 in upfront cash flow. | |||||||||
| - | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > MSFU | |||||||||
| This MSFU trade begins as a (9) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call trade. This trade will make $350 dollars which represents 1.4% on money invested. | |||||||||
| Further commentary as to why I opened this trade > | |||||||||
| MSFU (2x Leveraged ETF to Microsoft) > I’ve been saying this for weeks: I believe Microsoft was simply sold off after earnings as investors took profits. It stabilized around $480, give or take, and now it’s rallying back above $490. I’m confident it’s going to push back above $500, and if the market continues climbing through December and into late January, Microsoft could easily be back near its all-time highs heading into its next earnings report. Microsoft is one of the most rock-solid trades on Wall Street. We want to get involved when it’s trading at the lower end of its range, and with this Poor Man’s Covered Call strategy, I’m not just talking about it — I’m doing it. Please note that this strike price is below my cost basis. I believe that over the next two weeks MSFU will not move above $48, but if it does, we will manage the trade accordingly. We’ll buy the call back, adjust our cost basis, and then roll into the January 19th covered call at the $50 strike. | |||||||||
| > as with every trade, I will manage this trade as it approaches expiration ... buying back the option if it adheres to my -50% and 0.10 cent guidelines. -50% guideline being, such this option price fall 50% or more in the first 2 weeks I will buy back and look to roll the option - if the this option falls to 0.10 or less (in most cases) I will buy back the option and roll it for another credit if it presents itself. | |||||||||
| - | |||||||||
| WHAT IS THE CASH ON CASH % PERCENTAGE GAIN (IF ANY) | |||||||||
| Stock Price - placed | Strike Price | Total Prem$ | Contracts | ||||||
| $46.04 | $48.00 | $0.70 | 5 | ||||||
| PROJECTED PROFIT POTENTIAL (STOCK MOVE + CCW PREM + DIV) | |||||||||
| If I collect everything ... stock appreciation (if any) the entire covered call premium (ie, no buy back) and if a dividend is distributed during this timeframe below is the projected MAX PROFIT projections for this trade. | |||||||||
| Stock Move | Total Prem$ | Dividend | Projected Cash Flow | ||||||
| -$1,000.00 | $350.00 | $0.00 | -$650.00 | ||||||
| Cash on Cash % | |||||||||
| -2.60% | |||||||||
| PROJECTED PREMIUM + DIVIDEND ONLY POTENTIAL (CCW PREM + DIV) | |||||||||
| If the stock finishes below the strike price and my shares are not taken for either the dividend or it finishing in the money at expiration, below is the projected PROFIT projections for this trade. | |||||||||
| Total Prem$ | Dividend | Projected Cash Flow | |||||||
| $350.00 | $0.00 | $350.00 | |||||||
| Cash on Cash % | |||||||||
| 1.40% | |||||||||
| PROJECTED PREMIUM ONLY POTENTIAL (CCW PREM EXPIRE WORTHLESS) | |||||||||
| If the stock finishes below the strike price and my shares are not taken and no dividend was offered then this becomes a premium trade only and below is the projected PROFIT projections for this trade. | |||||||||
| Total Prem$ | Projected Cash Flow | ||||||||
| $0.70 | $350.00 | ||||||||
PREMIUM ONLY | Cash on Cash % | ||||||||
| 1.40% | |||||||||
| General plan for my Covered Call Write 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 to 4% preferred | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| GOLDEN RULES OF COVERED CALL WRITING (AVOIDING EARNINGS) | |||||||||
| WILL THEY HAVE EARNINGS? | NO | ||||||||
| Try to avoid Earnings Reports > Earnings can be a stocks most volitile moment so its important to try to avoid writing a covered call thru or near earnings. Even great stocks can move +/- 10% on earnings | |||||||||
| GOLDEN RULES OF COVERED CALL WRITING (DIVIDEND EX-DATE) | |||||||||
| WILL COMPANY HAVE AN EX-DATE | NO | ||||||||
| Try to avoid EX-Dates > Companies that have dividends will trade differently in and around its EX-Date ... keep this in mind when writing a covered call as you might have your shares taken if its profitable for the Call Buyer. | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% Rule | 10% Rule | |||||||
| $0.70 | $0.35 | $0.07 | |||||||
| 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. | |||||||||
| WHAT IF MY SHARES ARE TAKEN | |||||||||
| What if my shares were expectedly taken on this trade prior to expiration or I didn't manage it correctly by ending the trade early if I didn't want my shares taken prior to the expire date? | |||||||||
| Cost Basis - per share | Shares taken | I would Profit or Lose this | |||||||
| $50.00 | $48.00 | -$1,000.00 | |||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $50.00 | Bought | 500 | $25,000.00 | ||||||
| How much (if any) am I down on the shares ? | -$2,140.00 | ||||||||
| What does this mean? I'm currently DOWN on the shares purchase by this much ... I DO NOT use CC Prems for cost basis reduction ... so this is what I down on the stock right now or as of this trade | |||||||||
 | 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 | ||||||
| $46.04 | $48.00 | Dec-19 | $0.70 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $4,604.00 | $4,800.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $266.00 | |||||||||
| 5.78% | |||||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
| 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 | |||||||||
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| Disclaimer | |||||||||
