| All rights reserved - Core Position Trading, LLC - 2026 |
 | CLOSED CCW TRADE |
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| STANDARD (ITM) COVERED CALL TRADE IS NOW | CLOSED |
| Today I CLOSED this ITM Covered Call position on (LABU) |
| LABU (3x Leveraged ETF to the S&P500 Bio Techs ) > HATE MYSELF on this buy back and close ... I bought back when LABU seemed solid at $176.10 ... I bought it back and the stock drifted lower.. as low as $174.50... UGH! so I took what I could as to not have any risk... so it is what it is. |
| This trade makes $498 in Covered Call Premium. It's because the stock finishes ITM or above my strike price of $172. This would represent 0.86% on money invested. |
| THIS TRADE WAS PLACED INSIDE MY KIDS ACCOUNT |
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| ACTUAL PRICE | OPTION PRICE AT MOMENT OF CLOSING |
| STOCK PRICE | STRIKE PRICE | TOTAL PREMIUM | TIME VALUE |
| $192.84 | $172.00 | $23.50 | $2.66 |
| INTRINSIC VALUE | TIME VALUE | BUY BACK | TOTAL PREMIUM PROFIT |
| $20.84 | $2.66 | -$4.40 | $498.00 |
| SOLD STOCK | | | TOTAL % GAIN |
| $175.40 | 0.86% |
| | > $57,852 invested < | |
| UNIQUE TRADE IDENTIFIER | LABU17223.5 |
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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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| Disclaimer - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results |
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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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