| All rights reserved - Core Position Trading, LLC - 2026 |
 | ITM CC CLOSEOUT |
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| THIS 99 DELTA ITM COVERED CALL IS CLOSEDOUT | CLOSED |
| This trade started as a 99 Delta ITM CC, the stock fell below my ITM CC strike price, I bought back the option and now this is a standard PMCC using OTM CC's to exit the trade at my cost basis. |
| Today I CLOSED this 99 DELTA ITM CC position on (LABU) |
| LABU moved considerably higher after this trade was placed. This was an in-the-money covered call, and the stock quickly powered above the $165 strike price, confirming the strength we were seeing in the biotech sector. As the trade progressed, we were able to capture the vast majority of the premium while the underlying continued to rally. With the position achieving its objective, we closed the trade by selling the 99 Delta Deep In-the-Money Call Options and locking in the gains. The final result: $1,950 in realized profit. Could we have held longer and potentially made more? Maybe. But that's not the goal. The goal is to consistently execute high-probability setups, manage risk, and take profits when the market gives them to us. Another successful 99 Delta trade in the books. Cash on the table, capital freed up, and ready for the next opportunity. |
| This trade makes $1950 in Covered Call trade profit. The stock has traded such that I've bought this option which makes $1950 This would represent 4.48% on $ invested. |
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| DETAILS FOR THE LAST COVERED CALL |
| 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-4 | $181.60 | $165.00 | $20.80 |
| Date Closed | Stock Price | Time Value Cost | Buy Back |
| Jun-12 | $117.07 | $7.80 | -$13.00 |
| Buy Back Cost |
| $3,900.00 |
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| DETAILS FOR THE 99 DELTA LEAPS (ITM CALL OPTION) |
| Date Open | LEAPS Strike | LEAPS COST | LEAPS Cost |
| Jun-4 | $50.00 | $87.00 | -$43,500.00 |
| Date Closed | | LEAPS SOLD | LEAPS Sold |
| Jun-12 | | $83.10 | $41,550.00 |
| LEAPS Profit/Loss |
| -$1,950.00 |
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| UNIQUE TRADE IDENTIFIER | LABU16520.8 |
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| CLOSEOUT TOTALS / BREAKDOWN BY STEP |
| BUY TO CLOSE SHORT POSITION | N/A |
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| TOTAL | N/A |
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| PAID FOR 99 DELTA | -$43,500.00 |
| SOLD 99 DELTA | $41,550.00 |
| TOTAL COVERED CALL PREMIUMS COLLECTED | $3,900.00 |
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| TOTAL CASH FLOW | $1,950.00 |
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| CASH ON CASH % +/- | 4.48% |
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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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| 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. |
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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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