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| ✅ CLOSED ITM CC Trade | NVDL > MADE $1125 > 3.21% > (10) days > UT (NVDL1009.4) |
| All rights reserved - Core Position Trading, LLC - 2026 |
 | ITM CC CLOSEOUT |
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| THIS 99 DELTA ITM COVERED CALL IS CLOSEDOUT | CLOSED |
| This trade started as a 99 Delta ITM CC, the stock fell below my ITM CC strike price, I bought back the option and now this is a standard PMCC using OTM CC's to exit the trade at my cost basis. |
| Today I CLOSED this 99 DELTA ITM CC position on (NVDL) |
another 99 Delta ITM CC success , loving this less up front capital trades but good MAX prem > the stock has fallen such that this option is down -96.84% 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.
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| This trade makes $1125 in Covered Call trade profit. The stock has traded such that I've bought this option which makes $1125 This would represent 3.21% on $ invested. |
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| DETAILS FOR THE LAST COVERED CALL |
| To understand the buy back cost, you remove the intrinsic value from the current real time option price from the current real time stock price ... this would represent the remaining time value left in the option. This is what you subtract from your original covered call premium profit to get your final covered call premium profit for this trade. |
| Date Open | Stock Price | Strike Price | Premium |
| May-19 | $108.20 | $100.00 | $9.40 |
| Date Closed | Stock Price | Time Value Cost | Buy Back |
| May-29 | $117.07 | $1.60 | -$7.80 |
| Buy Back Cost |
| $1,600.00 |
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| DETAILS FOR THE 99 DELTA LEAPS (ITM CALL OPTION) |
| Date Open | LEAPS Strike | LEAPS COST | LEAPS Cost |
| May-19 | $50.00 | $58.20 | -$58,200.00 |
| Date Closed | | LEAPS SOLD | LEAPS Sold |
| May-29 | | $57.60 | $57,600.00 |
| LEAPS Profit/Loss |
| -$600.00 |
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| UNIQUE TRADE IDENTIFIER | NVDL1009.4 |
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| CLOSEOUT TOTALS / BREAKDOWN BY STEP |
| BUY TO CLOSE SHORT POSITION | N/A |
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| TOTAL | N/A |
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| PAID FOR LEAPS | -$58,200.00 |
| SOLD LEAPS | $57,600.00 |
| TOTAL COVERED CALL PREMIUMS COLLECTED | $1,600.00 |
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| TOTAL CASH FLOW | $1,000.00 |
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| CASH ON CASH % +/- | 1.72% |
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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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| This is not a recommendation to buy or sell this stock |
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| 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. |
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| 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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