| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | CLOSEOUT TRADE | ||||||||
| POOR MAN'S COVERED CALL POSITION HAS BEEN CLOSED OUT | CLOSED | ||||||||
| WINNER | $28,344.00 | 30.10% | |||||||
| DAYS | THIS TRADE STARTED AND ENDED | ||||||||
| 34 | February 26, 2026 | April 1, 2026 | |||||||
LABU | IRA | TIME AND DATE STAMP | |||||||
| Wednesday, April 1, 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'. | |||||||||
| EVERY TRADE - LINK BELOW | |||||||||
| https://docs.google.com/spreadsheets/d/e/2PACX-1vTzp1JfCrmxII7yi7_VZOZPX4vBoUU6prrp2N7iFObQrXhnOZKVSv-RVsXJGRSdUmJUk9NVxSDkLon9/pubhtml?gid=705057581&single=true | |||||||||
| PMCC CLOSE OUT | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, (10) Covered Call contract(s) were bought back on ticker: LABU | |||||||||
| Direxion Daily S&P Biotech Bull 3X ETF > Because I bought this option back early, I did not make max profit. The final profit / cash flow collected is posted below. Note, instead of making the original premium profit projections. I bought this option back for $21.7 causing a debit in the position but then SOLD the supporting LEAPS Call Option for a profit as outlined below. | |||||||||
| COMMENTARY AS TO WHY I ENDED THIS TRADE | |||||||||
| WHY I OPENED this PMCC Trade on > Direxion Daily S&P Biotech Bull 3X ETF (LABU) | |||||||||
| closing as my Time Value premium (ie, the cost to buy back was a mere -0.38 cents, so we buy back, have all this money for trades for next week. > the option time value premium had fallen toe -97% , so easy buy back and closeout | |||||||||
| HOW MUCH 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-26 | Mar-5 | $800.00 | #VALUE! | ||||||
| Mar-6 | Mar-13 | $2,400.00 | #VALUE! | ||||||
| Mar-13 | Mar-19 | $3,520.00 | #VALUE! | ||||||
| Mar-19 | Mar-24 | $2,600.00 | #VALUE! | ||||||
| Mar-24 | Mar-27 | $7,300.00 | #VALUE! | ||||||
| Mar-27 | Mar-30 | $2,600.00 | #VALUE! | ||||||
| Mar-31 | Apr-1 | -$10,700.00 | #VALUE! | ||||||
| #VALUE! | |||||||||
| #VALUE! | |||||||||
| #VALUE! | |||||||||
| #VALUE! | |||||||||
| $8,520.00 | 9.05% | ||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
 | LEAPS CALL OPTION INFORMATION | | |||||||
| LEAPS CALL OPTION SALE | |||||||||
| DETAILS OF THE LEAPS CALL OPTION I PURCHASED | |||||||||
| Below is the LEAPS Call Option purchase information. The performance part is based on a DELTA MOVE in the LEAPS vs the ACTUAL stock move so the numbers are as close as I can get them as DELTAs can change | |||||||||
| Symbol | Expiration | Strike | Paid | ||||||
| LABU | Jun-19 | $60.00 | -$94.18 | ||||||
| Contracts | Controlling shares | Delta | Investment | ||||||
| 10 | 1000 | 0.9876 | $94,176.00 | ||||||
| Sold | Current +/- | ||||||||
| $114.00 | (+) $19.824 | ||||||||
| HISTORY OF THE LEAPS PURCHASES | |||||||||
| Date | Stock $ | Strike | Paid | Contracts | Total $ | ||||
| 2/26/2026 | $168.23 | $60.00 | -$108.70 | 2 | $21,740.00 | ||||
| 3/5/2026 | $159.22 | Delta | -$99.70 | 2 | $19,940.00 | ||||
| 3/5/2026 | $154.20 | 0.9876 | -$95.50 | 1 | $9,550.00 | ||||
| $19,824.00 | 21.05% | ||||||||
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| 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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | CLOSED TRADE <-------> OPEN TRADE | | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
| NEW PMCC TRADE | ||||||||
| STANDARD POOR MAN'S COVERED CALL TRADE IS NOW | OPEN | ||||||||
| DAYS | THIS NEW PMCC CCW TRADE BEGINS AND ENDS | ||||||||
| 2 | March 31, 2026 | April 2, 2026 | |||||||
LABU | IRA | TIME AND DATE STAMP | |||||||
| Tuesday, March 31, 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-LABU | ||||||||
| UNIQUE TRADE IDENTIFIER | LABU15311 | ||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW (ITM) Covered Call position was opened using (ticker: LABU) | |||||||||
| , when the stock was trading for $160 a share I SOLD (10) (ITM) Covered Call contract(s) using (1000) shares for the (March)-2-2026 expiration date, strike price of $153 receiving a premium of $11 or $4 in Time Value premium, making $11000 in up front cash flow to begin this trade with a cost basis of $94.18 per share. | |||||||||
| - | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > LABU | |||||||||
| This LABU (2) 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 4.25% Cash on Cash on money invested | |||||||||
| Further Commentary as to why I did this trade | |||||||||
| LABU (3x Leveraged ETF to the S&P500 Bio Techs ) > we do it again because remember last trade when we wake up and LABU blows thru my cost basis ? I did the ITM strike and although at the time I really didnt think that DSP was ever going to be needed, LABU falls to $138 ... so I repeat here, I could have made more CC premium but Im trading the fade as tomorrow or Thursday I could see this pulling back ... and this CC premium has $7 of DSP (not profit) but I love it ... in the end reducing my cost and should this trade continue I would have a LOWER break even allowing for even MORE premium profits. | |||||||||
| - | |||||||||
| 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 | ||||||
| $160.00 | $153.00 | $11.00 | $4,000.00 | ||||||
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % | ||||||
| 2 | $7.00 | $4.00 | 2.50% | ||||||
| This being an ITM Covered Call ... I did collect the premium of $11 but remember that I'm giving away my shares cheaper at $153 so in this case the Time Value premium profit could be $4 or $11000 in total premium profit if NO buy back. | |||||||||
 | 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 | ||||||
| $160.00 | $153.00 | Apr-2 | $11.00 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $16,000.00 | $15,300.00 | [ Stock Move + Premium - Cost Basis ] | |||||||
| $400.00 | |||||||||
| 2.50% | |||||||||
| 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 | ||||||
| $160.00 | $153.00 | ~ $3.99 | $3,990.00 | ||||||
| Cash on Cash % | |||||||||
| 4.24% | |||||||||
| 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 | |||||||||
| © 2026 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
