| All rights reserved - Core Position Trading, LLC - 2026 |
 | NEW ITM CCW TRADE |
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| NEW ITM COVERED CALL TRADE IS NOW | OPEN |
| The 0.99 delta covered call strategy means that instead of purchasing the shares outright, I buy a 2–3 month in-the-money call option (what I refer to as a LEAPS) to simulate stock ownership. The key requirement is that the time value (extrinsic premium) on the LEAPS must be under 0.5%. Additionally, when combining the cost of that time value with the premium received from selling the covered call, the total position must meet my target — a minimum cash-on-cash return of 1.2% per week on an in-the-money covered call basis. |
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| DAYS | THIS NEW ITM CCW TRADE BEGINS AND ENDS |
| 8 | June 4, 2026 | June 12, 2026 |
| LABU | TIME AND DATE STAMP |
| LABU (3x Leveraged ETF to the Bio Techs ) | Thursday, June 4, 2026 |
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| DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'. |
| UNIQUE TRADE IDENTIFIER | LABU16520.8 |
| Yahoo Summary Page > . | https://finance.yahoo.com/quote/LABU?p=LABU |
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| DETAILS FOR THIS COVERED CALL TRADE |
| Today a NEW Covered Call position was opened using (LABU) |
| When the stock/ETF was trading for $181.60 a share I SOLD (5) Covered Call contract(s) using controlling interest via an ITM LEAPS Call Option (see details below) for (500) shares for the Jun-12 expiration date, strike price of $165 receiving a premium of $20.8 or $4.20 in Time Value premium, making $2,100 in up front cash flow to begin this trade with a LEAPS cost basis of $181.60 which when you combine my LEAPS Strike Price + my LEAPS premium I paid this would make my combined share price cost basis be $182 to break even on the trade. |
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| COMMENTARY AS TO WHY I OPENED THIS TRADE |
| WHY I OPENED this CCW on > LABU |
| This LABU (8) day trade , where I'm trying to capture anywhere from 1.2% to 1.6% for a 5 day trade will make me a projected 4.83% Cash on Cash on money invested |
| Power of the 99 Delta ITM Call Option vs Buying the Shares |
| Owning Shares = 2.31% CoC vs 99 Delta ITM Call Option's 4.83% on $ invested |
| Further Commentary as to why I did this trade |
| LABU (3x Leveraged ETF to the S&P500 Bio Techs ) > LABU is doing what LABU does, RUN WILD higher, FALL HARD lower then bounce and do it again, this time we get in this ITM CC with a ton of DSP from $181.60 to $165 ... at the lows it traded just 2 days again at $155 so we can base from there if I have to keep this trade going > this trade now has built in -9.14% in downside protection ... the stock could fall this amount for my strike is challenged. Only PAID 40 cents in time value premium to use these shares for this trade (99 Delta time value cost) |
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| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| NO EARNINGS DURING THIS TIMEFRAME |
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| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME |
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| HOW DID I STRUCTURE THIS TRADE? |
| I purchased the shares and sold the ITM Covered Call |
 | I purchased a 99 Delta Call Option and sold the ITM Covered Call |
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| PROJECTED PROFIT POTENTIAL (CCW PREM ONLY) |
| If this trade goes as planned, I will have my shares taken at my strike price and I will only collect the difference between the Real Money and Time Value which is the plan |
| COST BASIS | STRIKE | PREM | Projected Cash Flow |
| $181.60 | $165.00 | $20.80 | $2,100.00 |
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % |
| 8 | $16.60 | $4.20 | 4.83% |
| This being an ITM Covered Call ... I did collect the premium of $20.8 but remember that I'm giving away my shares cheaper at $165 so in this case the Time Value premium profit could be $4.2 or $2100 in total premium profit if NO buy back. |
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| MY COST BASIS ON THE LEAPS CALL OPTIONS |
| 99 DELTA Strike | 99 DELTA cost | Controlling Shares | Total Cost |
| $95.00 | $87.00 | 500 | -$43,500.00 |
| DELTA | TimeValueCost | % Cost Paid | 99 DELTA Expiration |
| 0.99 | $0.40 | 0.46% | Jul-17-2026 |
| By purchasing the LEAPS Call Option I was able to simulate stock ownership using $43500 vs using $90800 had I outright bought the shares. |
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|  | HOW YOU WOULD BENEFIT FROM THIS TRADE | | |
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| ITM CC BUY SHARES > SELL CALL |
| I BOUGHT THE 99 DELTA ITM CALL OPTION, YOU MIGHT BUY THE SHARES |
| For this trade, I already own the shares, so my total profit may or may not include stock appreciation. In your case, you would purchase the shares outright at the current trading price I’ve provided. You would then proceed to sell a near-term covered call, aiming to achieve the same premium for the same strike price and expiration date. |
| OF COURSE, this is all projected and the final results could have you LOSING MONEY. Ensure you understand this trade and that it meets your risk tolerance. I wish you good luck. |
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| Stock Price was | Strike Price | Expire | Premium |
| $181.60 | $165.00 | Jun-12 | $20.80 |
| 100 Shares | IF Sold | | | Your Projected Profit |
| $18,160.00 | $16,500.00 | | | Cash on Cash % |
| $420.00 |
| 2.31% |
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| CASH SECURED PUT > SAME STRIKE |
| I DID THE ITM CC , YOU COULD DO THE CSP , SAME STRIKE |
| I bought shares and then sold the ITM CCW ... you could select the same Strike Price and sell a Cash Secured Put ... basically the same trade with similair Cash on Cash % on money invested' |
| COST BASIS | STRIKE | PREM | Projected Cash Flow |
| $181.60 | $165.00 | ~ $4.19 | $419.00 |
| Cash on Cash % |
| 2.54% |
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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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| Disclaimer: I may or may not currently hold a position in the underlying security discussed. You are always welcome to ask whether I am holding a position at the time of discussion. |
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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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