| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | NEW PMCC TRADES | ||||||||
| STANDARD BLENDED COVERED CALL TRADE IS NOW | ROLLED | ||||||||
Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP | ||||||||
| Friday, May 29, 2026 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| Direxion Daily META Bull 2X ETF | METU | ||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $1,200.00 | $4,200.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On May-12 I placed this original trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Days | Premium was | ||||||
| $23.90 | $26.00 | 17 | $0.35 | ||||||
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS | Contracts | Projected Cash Flow | |||||||
| 60 | $2,100.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (CLOSED) | |||||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $0.35 | -$0.15 | $1,200.00 | |||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | -57.14% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this PMCC Trade on > METU | |||||||||
| closing out, the life of a trader using shares and call opions, having something expire and on vacation ... ugh! had to close this because I didnt not want to be short the stock should METU finish above $26, so we buy back to close ... now I need to decide, ROLL the 26 to next friday or close out. | |||||||||
| Details of the option buyback | |||||||||
| The option has fallen such that it's down some -56.67% at the time of this buyback and with (0) day left. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | METU260.35 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, May-29 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $25.75 | $26.00 | Jun-5 | 7 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $0.70 | 60 | $4,200.00 | |||||||
| Projected CoC % | |||||||||
| 3.92% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this PMCC Trade on > Direxion Daily META Bull 2X ETF (METU) | |||||||||
| This trade on METU starts out as a > (7) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $4200 dollars which represents 1.96% premium profit on money invested. Should my shares be taken I could make more, break even of lose money based on where my LEAPS Call Option is priced (see below for those calculations) | |||||||||
| Further commentary and feelings on this trade | |||||||||
| METU (2x Leveraged ETF to Facebook) > just rolling, I could have closed this trade and made money but have little fear holding META down here ... heck, I might have closed this trade and maybe opened a new one I like it so much, so lets keep this going! | |||||||||
| With this new Strike Price, what is the projected LEAPS Value? | |||||||||
| If this trades ends as its projected, I will make money where my LEAPS Call Options will be profitable but my Shares will be sold as a loss. This is calculated and expected and the hopes is that I break even and make my money on the CC premiums. | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | METU260.7 | ||||||||
 | 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 - 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 | |||||||||
| 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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