| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | CLOSEOUT TRADE | ||||||||
| BLENDED COVERED CALL POSITION HAS BEEN CLOSED OUT | CLOSED | ||||||||
| A “blended” trade refers to a situation where I initially purchased shares of a stock or ETF, and as the price declined, I chose not to average down by buying more shares. Instead, I purchased deep in-the-money LEAPS call options (typically with a 0.98 delta or higher) to closely mimic stock ownership. By using this approach and applying the proper calculations, I was able to lower my overall cost basis more efficiently compared to simply buying additional shares. | |||||||||
| DAYS | THIS TRADE STARTED AND ENDED | ||||||||
| 45 | February 23, 2026 | April 9, 2026 | |||||||
| WINNER | $12,190.00 | 9.06% | |||||||
| Today I CLOSED this Covered Call position on (DPST) | |||||||||
| I decided that with the $135,000 invested I could use this money by next week to make the -$1,625 in TIME VALUE buy back that this final trade cost ... the total trade made money but the buy back cost me money and the TV cost was -$1,625 ... so there is the question, can I make $1,625 by NEXT week with $135,000? and yes answers that question so we buy back and close out. Selling shares and LEAPS for a total profit. | |||||||||
| This overall trade makes $12,190.00 in Covered Call Premiums | Share & LEAPS trades closeouts which combined for the total return being this amount. . This would represent 9.06% on money invested. The final trade closeout = $4,900 will be applied to this month... the other profit was posted when those trades closed. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| HOW MANY COVERED CALLS DID I DO AND THE PREMIUM ? | |||||||||
| Below are all of the Covered Calls I have sold while owning this position. It does includes the current active Covered Call Trade. | |||||||||
| Date Opened | Date Closed | Cash Flow | CoC% +/- | ||||||
| Feb-23 | Mar-6 | $1,250.00 | |||||||
| Feb-27 | Mar-9 | $2,075.00 | |||||||
| Mar-9 | Mar-17 | $2,340.00 | |||||||
| Mar-23 | Mar-30 | $1,625.00 | |||||||
| Mar-30 | Apr-9 | -$15,730.00 | |||||||
| -$8,440.00 | |||||||||
 | STOCK/LEAPS CALL OPTION INFORMATION | | |||||||
| DETAILS OF THE STOCK/LEAPS CALL OPTION PURCHASES | |||||||||
| This blended trade brings together shares and deep ITM LEAPS Call Options to reduce my cost basis to a manageable position so I can exit the trade sooner. The idea is to break even on the shares/LEAPS and profit from the premiums I've collected along the way. | |||||||||
STOCK | SHARES | COST | PAID | ||||||
| 500 | $110.00 | -$55,000.00 | |||||||
| SHARES | SOLD | RECEIVED | |||||||
| 500 | $119.08 | $59,540.00 | |||||||
LEAPS | Controlling shares | COST | PAID | ||||||
| 800 | -$59.39 | -$47,510.00 | |||||||
| Controlling shares | SOLD | RECEIVED | |||||||
| 800 | 79.5 | $63,600.00 | |||||||
| $20,630.00 | |||||||||
| FINAL COVERED CALL DETAILS | | |||||||
| FINAL TRADE DETAILS | |||||||||
| DATE | TYPE | RESULT | FINAL | ||||||
| Apr-9 | CCW BB | -$15.30 | LOSS | ||||||
| Apr-9 | STOCK S | $119.08 | GAIN | ||||||
| Apr-9 | LEAPS S | $79.50 | GAIN | ||||||
| SUMMARY OF THE TRADE - CCW + STOCK/LEAPS | | |||||||
| CLOSEOUT TOTALS / BREAKDOWN BY STEP | |||||||||
| BUY TO CLOSE SHORT POSITION | N/A | ||||||||
| TOTAL | N/A | ||||||||
| PAID FOR STOCK | -$55,000.00 | ||||||||
| SOLD STOCK | $59,540.00 | ||||||||
| PAID FOR LEAPS | -$47,510.00 | ||||||||
| SOLD LEAPS | $63,600.00 | ||||||||
| TOTAL COVERED CALL PREMIUMS COLLECTED | -$8,440.00 | ||||||||
| TOTAL CASH FLOW | $12,190.00 | ||||||||
| CASH ON CASH % +/- | 9.06% | ||||||||
| JUST KEEPING IN THE IRA TO BUILD THE BANK ROLL | YES | ||||||||
| 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 - 2026 | |||||||||
| ROLLED CCW TRADE | ||||||||
| STANDARD BLENDED COVERED CALL TRADE IS NOW | OPEN | ||||||||
| A “blended” trade refers to a situation where I initially purchased shares of a stock or ETF, and as the price declined, I chose not to average down by buying more shares. Instead, I purchased deep in-the-money LEAPS call options (typically with a 0.98 delta or higher) to closely mimic stock ownership. By using this approach and applying the proper calculations, I was able to lower my overall cost basis more efficiently compared to simply buying additional shares. | |||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $1,625.00 | $4,160.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Mar-30 I placed this original trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Days | Premium was | ||||||
| $94.54 | $103.00 | 7 | $1.75 | ||||||
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS | Contracts | Projected Cash Flow | |||||||
| 13 | $2,275.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (CLOSED) | |||||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $1.75 | -$0.50 | $1,625.00 | |||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | -71.43% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this PMCC Trade on > DPST | |||||||||
| simple buy back as the stock has fallen, we can pocket the premium and now will look to use the time remaining on this option for the next option, will roll out to next week if the numbers work out in my favor. > the stock has fallen such that this option is down -71.43% 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 > | |||||||||
| Details of the option buyback | |||||||||
| The option has fallen such that it's down some -56.67% at the time of this buyback and with (3) day left. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | DPST1031.75 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Mar-30 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $91.07 | $105.00 | Apr-17 | 18 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $3.20 | 13 | $4,160.00 | |||||||
| Projected CoC % | |||||||||
| #DIV/0! | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this PMCC Trade on > Direxion Daily Regional Banks Bull 3X ETF (DPST) | |||||||||
| This trade on DPST starts out as a > (18) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $4160 dollars which represents 3.09% premium profit on money invested. Should my shares be taken I could make more, break even of lose money based on where my LEAPS Call Option is priced (see below for those calculations) | |||||||||
| Further commentary and feelings on this trade | |||||||||
| DPST (3x Leverage ETF to the Regional Banks) > feeling that I could take $1,600 off the board for this week and then roll this out two weeks, because I'm not fearful of holding this position, as DPST is held up during this war where it's trading as low as $88 to $92. All I needed to do was keep trading in this range and slowly edge higher, like it is today, being up 2.4%. I'm comfortable with this trade. We're going to stick with it as it keeps generating weekly cash flow. This trade, if they take my shares, will have made me $13,696, even with a share loss of $3,500. | |||||||||
| With this new Strike Price, what is the projected LEAPS Value? | |||||||||
| If this trades ends as its projected, I will make money where my LEAPS Call Options will be profitable but my Shares will be sold as a loss. This is calculated and expected and the hopes is that I break even and make my money on the CC premiums. | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | DPST1053.2 | ||||||||
| JUST KEEPING IN THE IRA TO BUILD THE BANK ROLL | YES | ||||||||
| 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 - 2026 | |||||||||
| NEW CCW TRADE | ||||||||
| STANDARD BLENDED COVERED CALL TRADE IS NOW | OPEN | ||||||||
| A “blended” trade refers to a situation where I initially purchased shares of a stock or ETF, and as the price declined, I chose not to average down by buying more shares. Instead, I purchased deep in-the-money LEAPS call options (typically with a 0.98 delta or higher) to closely mimic stock ownership. By using this approach and applying the proper calculations, I was able to lower my overall cost basis more efficiently compared to simply buying additional shares. | |||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 11 | March 23, 2026 | April 3, 2026 | |||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
DPST | IRA | TIME AND DATE STAMP | |||||||
| Monday, March 23, 2026 | |||||||||
| 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'. | |||||||||
| TRACK THE ENTIRE TRADE PROGRESS HERE > Click Link | View Chart-DPST | ||||||||
| UNIQUE TRADE IDENTIFIER | DPST1031.75 | ||||||||
| COVERED CALL | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW Covered Call position was opened using (DPST) | |||||||||
| DPST (3x Leverage ETF to the Regional Banks) > Markets moving higher and DPST is moving with it ... we use our cost basis and should our blended shares me taken, this will render an incredible $7,298 total closeout profit. | |||||||||
| PROJECTED PROFIT POTENTIAL (IF SHARES ARE NOT TAKEN) | |||||||||
| Stock Price - placed | Strike Price | Total Prem$ | Contracts | ||||||
| $94.54 | Mar-23 | $1.75 | 13 | ||||||
| Strike Price | Expire | Days | Projected Cash Flow | ||||||
| $103.00 | Apr-3 | 11 | $2,275.00 | ||||||
| PREMIUM ONLY CALCULATIONS | Projected CoC% gain | ||||||||
| This is the money invested > | $134,510.00 | 1.69% | |||||||
| WHAT IF YOUR SHARES ARE TAKEN? (CLOSEOUT LEAPS SOLD) | |||||||||
| If my shares are called away, it means the stock has risen above my $103 strike price. In that case, I will keep the $1.75 covered call premium and sell both my stock and LEAPS call option as planned. This SHOULD results in a break-even with the stock and LEAPS or a small profit. This is the expectation. (lose money on stock/make money on LEAPS) | |||||||||
| TOTAL CLOSEOUT RETURNS ON MONEY INVESTED | |||||||||
CLOSEOUT equals LEAPS sold + any Covered Call premiums collected | CLOSEOUT Projections | CLOSEOUT CoC% +/- | |||||||
| $7,298.00 | 5.43% | ||||||||
| 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 | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this PMCC Trade on > (DPST) | |||||||||
| This trade on DPST starts out as a > (11) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $2275 dollars which represents 1.74% premium profit on money invested. Should my shares be taken I could make more, break even of lose money based on where my LEAPS Call Option is priced (see below for those calculations) | |||||||||
| Further commentary and feelings on this trade | |||||||||
| DPST (3x Leverage ETF to the Regional Banks) > Markets moving higher and DPST is moving with it ... we use our cost basis and should our blended shares me taken, this will render an incredible $7,298 total closeout profit. | |||||||||
| With this new Strike Price, what ould be the result if shares taken? | |||||||||
| If this trades ends as its projected, I will make money where my LEAPS Call Options will be profitable but my Shares will be sold as a loss. This is calculated and expected and the hopes is that I break even and make my money on the CC premiums. | |||||||||
| > 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. | |||||||||
| GOLDEN RULES OF COVERED CALL WRITING (AVOIDING EARNINGS) | |||||||||
| WILL THEY HAVE EARNINGS? | Verify-DPST | 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 | Verify-DPST | 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 | |||||||
| $1.75 | $0.88 | $0.18 | |||||||
| 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. | |||||||||
 | STOCK/LEAPS CALL OPTION INFORMATION | | |||||||
| STOCK/LEAPS | |||||||||
| DETAILS OF THE STOCK/LEAPS CALL OPTION PURCHASES | |||||||||
| This blended trade brings together shares and deep ITM LEAPS Call Options to reduce my cost basis to a manageable position so I can exit the trade sooner. The idea is to break even on the shares/LEAPS and profit from the premiums I've collected along the way. | |||||||||
STOCK | SHARES | COST | PAID | ||||||
| 500 | $110.00 | $55,000.00 | |||||||
| At the moment of this trade, I am down on the share purchase -$-3500 | |||||||||
LEAPS | Controlling shares | COST | PAID | ||||||
| 800 | $59.39 | $47,510.00 | |||||||
| At the moment of this trade, this is the status of my LEAPS > +$2858. | |||||||||
BLENDED | Controlling shares | TOTAL INVESTMENT | |||||||
| 1300 | $102,510.00 | ||||||||
| At the moment of this trade, the overall position is +$7298. if this current trade closes as planned | |||||||||
| TRACK THE PROGRESS OF EVERY TRADE - LINK BELOW | |||||||||
| https://docs.google.com/spreadsheets/d/e/2PACX-1vRyJ7OILGBtHupxhjrw5T9sD_g9aN8B4DWzSYQqaPp84lyXwzrQ8RlKZ9Tg08_dP6w0FrGIVZU7x62J/pubhtml?gid=705057581&single=true | |||||||||
| 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 LEAPS Call Options. 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 | |||||||||
| © 2026 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
