| All rights reserved - Core Position Trading, LLC - 2026 |
 | PMCC CLOSEOUT |
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| THIS PMCC COVERED CALL IS CLOSED OUT | CLOSED |
| This trade used a 99 Delta as the "LEAPS" call option but was not used for an ITM CC trade rather instead I just did a short term, 1 week OTM CC for the same effect. |
| Today I CLOSED this PMCC position on (DPST) |
When I began closing this trade, DPST was trading around $126.50 and appeared to be making another push higher. At that point, the short call had only about $0.20 of time value premium remaining, so it made sense to start wrapping up the position. As I worked through the closing process, however, DPST quickly reversed and fell from roughly $126.50 to $122.88, giving back a meaningful portion of the day's gains. Looking back, a little more patience may have paid off. Waiting just 10 or 15 minutes to see whether the move to new highs would hold could have improved the exit, and sure enough, the rally faded shortly afterward. That said, it's important to keep things in perspective. The trade accomplished exactly what it was designed to do. It generated the expected return, managed risk effectively, and closed as a profitable position. Could the exit have been optimized? Absolutely. But successful trading isn't about capturing every last penny—it's about consistently executing high-probability setups and taking profits when they're available. At the end of the day, this goes into the books as another successful 99 Delta Deep In-the-Money Call Option trade. Learn from it, improve the process, and move on to the next opportunity.
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| This trade makes $5,00 in Covered Call trade profit. |
| 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-3 | $107.01 | $112.00 | $2.90 |
| Date Closed | Stock Price |
| Buy Back |
| Jun-9 | $117.07 |
| -$13.40 |
| Buy Back Cost |
| -$10,500.00 |
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| DETAILS FOR THE LEAPS (CALL OPTION) |
| Date Open | LEAPS Strike | LEAPS COST | LEAPS Cost |
| Jun-3 | $60.00 | $47.50 | -$47,500.00 |
| Date Closed | | LEAPS SOLD | LEAPS Sold |
| Jun-9 | | $63.00 | $63,000.00 |
| LEAPS Profit/Loss |
| $15,500.00 |
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| UNIQUE TRADE IDENTIFIER | DPST1122.9 |
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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 | -$47,500.00 |
| SOLD 99 DELTA | $63,000.00 |
| TOTAL COVERED CALL PREMIUMS COLLECTED | -$10,500.00 |
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| TOTAL CASH FLOW | $5,000.00 |
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| CASH ON CASH % +/- | 10.53% |
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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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