| 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. | |||||||||
| WINNER | $20,020.00 | 10.95% | |||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| DAYS | THIS TRADE STARTED AND ENDED | ||||||||
| 134 | December 22, 2025 | May 5, 2026 | |||||||
AAPU |  | TIME AND DATE STAMP | |||||||
| Tuesday, May 5, 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-1vRyJ7OILGBtHupxhjrw5T9sD_g9aN8B4DWzSYQqaPp84lyXwzrQ8RlKZ9Tg08_dP6w0FrGIVZU7x62J/pubhtml?gid=705057581&single=true | |||||||||
| BLENDED CLOSE OUT | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today, this blended trade was closed: selling shares and LEAPS | |||||||||
| Today I decided to end this blended trade by buying back my near term covered call and immediately selling my LEAPS Call Options and shares. This closes out both positions, the shares losing money and the LEAPS Call Options gaining money and if any premiums were made they are accounted in the final return. | |||||||||
| COMMENTARY AS TO WHY I ENDED THIS TRADE | |||||||||
| WHY I CLOSED this Blended Trade on > AAPU | |||||||||
| figuring I will give up the max projected profit for the next 8 days ... which this near term covered call would run May-15 just to be flexible ... ie, have all this cash to do other trades and remove this risk ... not that I feel Apple is risk ... just feeling I've done what I've done with AAPU and we will move on. WHAT A RIDE ... ALWAYS KNEW IT WOULD COME GREEN, ITS APPLE!!!  | |||||||||
| 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 | |||||||
| Dec-22 | Jan-7 | $1,275.00 | |||||||
| Jan-7 | Jan-30 | $1,500.00 | |||||||
| Feb-3 | Feb-13 | $2,500.00 | |||||||
| Feb-17 | Mar-11 | $2,250.00 | |||||||
| Apr-15 | May-15 | -$2,475.00 | |||||||
| $5,050.00 | 2.76% | ||||||||
 | 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 | ||||||
| 3000 | $33.06 | -$99,180.00 | |||||||
| SHARES | SOLD | RECEIVED | |||||||
| 3000 | $33.80 | $101,400.00 | |||||||
LEAPS | Controlling shares | COST | PAID | ||||||
| 2500 | -$13.90 | -$34,750.00 | |||||||
| Controlling shares | SOLD | RECEIVED | |||||||
| 2500 | $19.00 | $47,500.00 | |||||||
| $14,970.00 | 10.95% | ||||||||
| FINAL COVERED CALL DETAILS | | |||||||
| FINAL TRADE | |||||||||
| FINAL TRADE DETAILS | |||||||||
| DATE | TYPE | RESULT | FINAL | ||||||
| May-5 | CCW BB | -$1.10 | LOSS | ||||||
| May-5 | STOCK S | $33.80 | GAIN | ||||||
| May-5 | LEAPS S | $19.00 | GAIN | ||||||
| EVERY TRADES DETAILS > FOLLOW LINK BELOW | |||||||||
| https://docs.google.com/spreadsheets/d/e/2PACX-1vRyJ7OILGBtHupxhjrw5T9sD_g9aN8B4DWzSYQqaPp84lyXwzrQ8RlKZ9Tg08_dP6w0FrGIVZU7x62J/pubhtml?gid=705057581&single=true | |||||||||
| SUMMARY OF THE TRADE - CCW + STOCK/LEAPS | | |||||||
| SUMMARY | |||||||||
| CLOSEOUT TOTALS / BREAKDOWN BY STEP | |||||||||
| This trade begins with my buying shares of AAPU at $16.2 and doing a ITM Covered Call with a strike price of $34.83. The stock falls and continues to fall so I decide to ADD to this trade to reduce my cost basis, allowing me to exit the trade early so I begin buying ITM LEAPS Call Options. Once I determined what the combined LEAPS Strike+Cost was (this equals a share price for the stock) I would then craft Covered Calls with the newly obtained 'combined share/LEAPS cost basis' and can then select near term covered call strike prices to exit ALL trades at break even. | |||||||||
| BUY TO CLOSE SHORT POSITION | N/A | ||||||||
| TOTAL | N/A | ||||||||
| PAID FOR STOCK | -$99,180.00 | ||||||||
| SOLD STOCK | $101,400.00 | ||||||||
| PAID FOR LEAPS | -$34,750.00 | ||||||||
| SOLD LEAPS | $47,500.00 | ||||||||
| TOTAL COVERED CALL PREMIUMS COLLECTED | $5,050.00 | ||||||||
| TOTAL CASH FLOW | $20,020.00 | ||||||||
| CASH ON CASH % +/- | 14.95% | ||||||||
 | IRA > NO DIVIDEND TREE OR TAX BUCKET | | |||||||
| IRA TRADE | |||||||||
| LETTING MONEY BUILD THE ACCOUNT SIZE | |||||||||
| 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 a position in this stock (the cash secured put). 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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