| 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 |
| 6 | June 12, 2026 | June 18, 2026 |
| NVDL | TIME AND DATE STAMP |
| NVDL (2x Leveraged ETF to Nvidia) | Friday, June 12, 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 | NVDL906.8 |
| Yahoo Summary Page > . | https://finance.yahoo.com/quote/NVDL?p=NVDL |
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| DETAILS FOR THIS COVERED CALL TRADE |
| Today a NEW Covered Call position was opened using (NVDL) |
| When the stock/ETF was trading for $95.39 a share I SOLD (10) Covered Call contract(s) using controlling interest via an ITM LEAPS Call Option (see details below) for (1000) shares for the Jun-18 expiration date, strike price of $90 receiving a premium of $6.8 or $1.41 in Time Value premium, making $1410 in up front cash flow to begin this trade with a LEAPS cost basis of $161.62 which when you combine my LEAPS Strike Price + my LEAPS premium I paid this would make my combined share price cost basis be $95.45 to break even on the trade. |
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| COMMENTARY AS TO WHY I OPENED THIS TRADE |
| WHY I OPENED this CCW on > NVDL |
| This NVDL (6) 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 3.49% Cash on Cash on money invested |
| Power of the 99 Delta ITM Call Option vs Buying the Shares |
| Owning Shares = 1.48% CoC vs 99 Delta ITM Call Option's 3.49% on $ invested |
| Further Commentary as to why I did this trade |
NVDL (2x Leveraged ETF to Nvidia) > "NVDL (2x Leveraged ETF to Nvidia) > Looking at Nvidia's recent price action and how it translates into NVDL, I believe $90 is the key near-term support level. If you go back to the middle of April, the $90 area acted as resistance. Once NVDL broke through that level, it rallied significantly higher. During the recent AI-driven selloff, the stock retraced almost all the way back to that same area before finding support and stabilizing. Former resistance often becomes new support, and that's exactly what appears to be happening here. With NVDL currently trading around $95.39, I'm choosing the $90 strike, which provides approximately 5.65% downside protection from current levels. The trade generates about $1.41 in time-value premium, or roughly 1.48% over the next four days. On the stock replacement side, I'm using the July 17th 99 Delta Deep In-the-Money Call Option, which I purchased with only $0.06 of time value premium. That's essentially stock-like exposure with almost no time premium risk. If the shares remain below the strike and I keep the position, the plan is simple: continue using the $90 strike as my working cost basis, sell another covered call, collect additional premium, and continue working the position until we're eventually called away. The setup is straightforward: support at $90, limited time-value exposure in the LEAPS, immediate downside protection, and a clear path to continue reducing cost basis through premium collection."
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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 |
| $95.39 | $90.00 | $6.80 | $1,410.00 |
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % |
| 6 | $5.39 | $1.41 | 3.49% |
| This being an ITM Covered Call ... I did collect the premium of $6.8 but remember that I'm giving away my shares cheaper at $90 so in this case the Time Value premium profit could be $1.41 or $1410 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 |
| $55.00 | $40.45 | 1000 | -$40,450.00 |
| DELTA | TimeValueCost | % Cost Paid | 99 DELTA Expiration |
| 0.99 | $0.06 | 0.15% | Jul-17-2026 |
| By purchasing the LEAPS Call Option I was able to simulate stock ownership using $0.0015 vs using $95390 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 |
| $95.39 | $90.00 | Jun-18 | $6.80 |
| 100 Shares | IF Sold | | | Your Projected Profit |
| $9,539.00 | $9,000.00 | | | Cash on Cash % |
| $141.00 |
| 1.48% |
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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 |
| $95.39 | $90.00 | ~ $1.4 | $140.00 |
| Cash on Cash % |
| 1.56% |
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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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