| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | CLOSED ITM CCW TRADE | ||||||||
| THIS 99 DELTA ITM COVERED CALL HAS BEEN CLOSED | CLOSED | ||||||||
| This trade used the 99 Delta ITM Call Option to support the trade. I did not purchase shares in the traditional 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 SOXL | |||||||||
| having watched SOXL go from $249 to $225 to $261 to $225 ... this was been a crazy ride ... we buy back and give back $3 in premium just to be able to do another trade for next week... might make more ... NOTE: I have ADDED (2) 99 Delta call options for a total of 7 now with an cost basis of the shares @ $226.42 | |||||||||
| This trade makes $4000 in Covered Call premium. The stock has traded such that its now trading under my cost basis and I will need to continue a Covered Call campaign until I can close the trade break even on the position + covered calls premiums as my profit. This premium represents 4.12% on money invested. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| 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-23 | $249.00 | $225.00 | $37.00 | ||||||
| Date Closed | INTRINSIC | EXTRINSIC | 99 DELTA COST | ||||||
| Jun-26 | $24.00 | $13.00 | $2 | ||||||
| BUYBACK | |||||||||
| -$3.00 | |||||||||
| TOTAL PREM PROFIT | |||||||||
| $4,000.00 | |||||||||
| DETAILS FOR THE 99 DELTA CALL OPTION | OPEN | ||||||||
| Date Open | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost | ||||||
| Jun-23 | $50.00 | $194.00 | -$97,000.00 | ||||||
Current Status > Down on the Shares | CURRENT VALUE | ||||||||
| $172.72 | |||||||||
| CURRENT VALUE | |||||||||
| -$10,640.00 | |||||||||
| UNIQUE TRADE IDENTIFIER | SOXL22537 | ||||||||
| 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 | |||||||||
| 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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