| All rights reserved - Core Position Trading, LLC - 2026 |
 | CCW CLOSEOUT |
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| THIS 99 DELTA ITM COVERED CALL IS CLOSED OUT | CLOSED |
| This trade used the 99 Delta ITM Call Option to support the trade. I did not purchase shares in the tradional ITM Covered Call trade which allowed me to make more CoC % gain on money invested |
| Today I CLOSED this 99 DELTA ITM CCW position on GGLL |
I exited this position a little too early. During the buyback, I gave up more time value premium than I had planned because GGLL was moving from $120.00 to $121.40 while I was trying to close the trade. Unfortunately, I became distracted during the process, and by the time I returned, I had paid significantly more to buy back the covered call than I intended. The part is fixable so next time we focus on the task at hand and get it done right
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| This trade makes $1900 in Covered Call trade profit. The stock has traded such that I've bought this option which makes $1900 or 7.58% on money invested. |
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| DETAILS FOR THE LAST COVERED CALL | CLOSED |
| 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 |
| Jun-8 | $119.91 | $120.00 | $5.00 |
| Date Closed | Stock Price | Time Value Cost | Buy Back |
| Jun-18 | $117.07 | $3.50 | -$1.50 |
| Buy Back Cost |
| $1,750.00 |
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| DETAILS FOR THE 99 DELTA CALL OPTION | SOLD |
| Date Open | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost |
| Jun-8 | $50.00 | $50.30 | -$25,050.00 |
| Date Closed | | 99 Delta Sold | 99 Delta Total Sold |
| Jun-18 | | $50.40 | $25,200.00 |
| 99 Delta Profit/Loss |
| $150.00 |
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| UNIQUE TRADE IDENTIFIER | GGLL1205 |
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| CLOSEOUT TOTALS / BREAKDOWN BY STEP |
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| PAID FOR 99 DELTA | -$25,050.00 |
| SOLD 99 DELTA | $25,200.00 |
| TOTAL COVERED CALL PREMIUMS COLLECTED | $1,750.00 |
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| TOTAL CASH FLOW | $1,900.00 |
| CASH ON CASH % +/- | 7.58% |
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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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