| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | CLOSED BLENDED TRADE | ||||||||
| THIS BLENDED TRADE IS CLOSED / NO ROLL | CLOSED | ||||||||
| Today I CLOSED this Covered Call position on (METU) | |||||||||
| METU (2x Leveraged ETF to Facebook) > closing a bit early, 0.10 cents can be had on a rolled trade and that's what I will do, just collecting premiums until we clear this trade, which I trade we will > the stock has fallen such that this option is down -75% 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 | |||||||||
| This trade makes $300 in Covered Call Premium. METU fell which due to the time remaining in the option warranted an early buy back of the option. This would represent 0.17% on money invested. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $24.32 | May-5 | May-15 | 7 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $26.00 | 10 | $0.10 | $300.00 | ||||||
Current Status > Down on the Shares | Cash Invested? | Cash Flow Collected | |||||||
| $107,060.00 | 0.17% | ||||||||
| Cost Basis refers to my blended stock + (LEAPS strike + premium I paid) which would equal a blended cost basis > Cost basis is my purchase price and unless otherwise mentioned I never use my selling premium profits on cost basis reduction. | |||||||||
| UNIQUE TRADE IDENTIFIER | METU260.4 | ||||||||
| 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 | ||||||
| 1500 | $28.00 | -$42,000.00 | |||||||
| CURRENT VALUE | |||||||||
| $36,075.00 | |||||||||
LEAPS | Controlling shares | COST | PAID | ||||||
| 5500 | -$11.83 | -$65,060.00 | |||||||
| CURRENT VALUE | |||||||||
| $60,500.00 | |||||||||
| 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 | |||||||||
| 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 | |||||||||
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