| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CCW TRADE | ||||||||
| STANDARD (ITM) COVERED CALL TRADE IS NOW | CLOSED | ||||||||
| - | |||||||||
| WINNER | $1,030.00 | ||||||||
| SHARES SOLD | |||||||||
| - | |||||||||
| DAYS ON | THIS COVERED CALL TRADE IS CLOSED | ||||||||
| 7 | December 4, 2025 | December 11, 2025 | |||||||
SOXL |  | TIME AND DATE STAMP | |||||||
| Thursday, December 11, 2025 | |||||||||
| Direxion Daily Semiconductor 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 | SOXL421.08 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/SOXL?p=SOXL | ||||||||
| - | |||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today I CLOSED this ITM Covered Call position on SOXL | |||||||||
| Today (10) ITM Covered Call contract(s) were bought back on (ticker: SOXL) for the expiration date Dec-12 (1) days early , the original Strike Price was $42 for a premium of $1.08 for which only $-2.59 was Time Value Premium or the profit in this trade. | |||||||||
| Further commentary as to why I opened this trade > | |||||||||
| With the market pulling back and time decay eroding the option, the stock was essentially trading around $46.40, making it highly unlikely that it would fall to $42. As a result, the time-value premium in the option had eroded down to just $0.05, so we bought it back. Immediately after that, we sold the shares for a $1,030 profit. sold shares at break even | |||||||||
| - | |||||||||
| ACTUAL PRICE | OPTION PRICE AT MOMENT OF CLOSING | |||||||||
| STOCK PRICE | STRIKE PRICE | TOTAL PREMIUM | |||||||
| $45.67 | $42.00 | $1.08 | |||||||
| INTRINSIC VALUE | TIME VALUE | BUY BACK | TOTAL PREMIUM PROFIT | ||||||
| $3.67 | -$2.59 | -$0.05 | -$2.64 | ||||||
| SOLD STOCK | TOTAL % GAIN | TOTAL $ PROFIT | |||||||
| $46.40 | -5.78% | -$2,640.00 | |||||||
| - | |||||||||
| Remember , I only make Time Value Premium profit on an In The Money Covered Call ... so I bought back the option and SOLD the shares for the current market value ... this leaves me with the result you see above on this trade ... if you are not understanding of the result , watch the 'In The Money' (ITM) Covered Call video below to help | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| - | |||||||||
| MY TRADING PHILOSPHY WHEN A STOCK IS UNDER MY COST BASIS | |||||||||
| We Control the Outcome – A trade is never a loss until we decide it is. Stocks and ETFs fluctuate, and we take advantage of these movements by selling premium until the shares are called away. Losses are only realized when we choose to exit a trade due to a lack of confidence. This mindset reinforces that even if a stock is down, we are not out—we manage positions strategically to exit near our cost basis, counting premium income along the way and seeking new opportunities. | |||||||||
| - | |||||||||
| MY FAVORITE COVERED CALL TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CCW TRAINING |  | ||||||||
| https://youtu.be/gYDt4S6Ixhk | |||||||||
| BASIC CCW TRAINING | |||||||||
| MEMBERS VIDEO THAT EXPLAINS AN IN-THE-MONEY (ITM) COVERED CALL | |||||||||
| https://youtu.be/nYCpvULss7o | Explaining ITM CC basics | ||||||||
| https://youtu.be/UqtTDH2PuzM | Explaining the CC Buy Back of an Option | ||||||||
 | 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 (ITM) COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 8 | December 4, 2025 | December 12, 2025 | |||||||
SOXL |  | TIME AND DATE STAMP | |||||||
| Thursday, December 4, 2025 | |||||||||
| Direxion Daily Semiconductor 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 | SOXL424.75 | ||||||||
| Yahoo Summary Page > | https://finance.yahoo.com/quote/SOXL?p=SOXL | ||||||||
| - | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW (ITM) Covered Call position was opened using (ticker: SOXL) | |||||||||
| Direxion Daily Semiconductor Bull 3X Shares , when the stock was trading for $45.67 a share I Sold (10) (ITM) Covered Call contract(s) using (1000) shares for the (December)-12-2025 expiration date, strike price of $42 receiving a premium of $4.75 or $1080 in up front cash flow to begin this trade and have a cost basis of $45.67 per share. | |||||||||
| - | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > SOXL | |||||||||
| This SOXL (8) 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 2.36% Cash on Cash on money invested | |||||||||
| Further Commentary as to why I did this trade | |||||||||
| SOXL (3x Leveraged ETF to the Semiconductors ) > In this market, I believe that having over $3.67 of downside protection gives me the cushion I need if SOXL were to pull back between now and next Friday. I still get paid a nice premium on the money invested, and that added protection makes this a very solid, conservative trade. Right now, I’m willing to give up some front-side premium in exchange for a higher probability of locking in a green trade. That’s smarter than chasing a stock that is clearly trading at the top of the Keltner Channel, where the risk of a pullback is much higher. Even though SOXL is currently sitting near the top of the channel, this setup gives me meaningful downside protection. If the stock does pull back, I expect it to fall toward the $42 area. And if I end up keeping my shares, then of course I’ll turn around and write a $42 covered call at my cost basis. | |||||||||
| - | |||||||||
| 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 | ||||||
| $45.67 | $42.00 | $4.75 | $1,080.00 | ||||||
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % | ||||||
| 8 | $3.67 | $1.08 | 2.36% | ||||||
| This being an ITM Covered Call ... I did collect the premium of $4.75 but remember that I'm giving away my shares cheaper at $42 so in this case the Time Value premium profit could be $1.08 or $1080 in total premium profit if NO buy back. | |||||||||
| - | |||||||||
| MY COST BASIS ON THESE SHARES | |||||||||
| Cost Basis - shares | Acquired? | Shares | Total Cost | ||||||
| $45.67 | Bought | 1000 | -$45,670.00 | ||||||
 | 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 | ||||||
| $45.67 | $42.00 | Dec-12 | $4.75 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $4,567.00 | $4,200.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $108.00 | |||||||||
| 2.36% | |||||||||
| 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 | ||||||
| $45.67 | $42.00 | ~ $1.07 | $1,070.00 | ||||||
| Cash on Cash % | |||||||||
| 2.34% | |||||||||
| 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 | |||||||||
