| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | NEW PMCC TRADES | ||||||||
| STANDARD POOR MAN'S COVERED CALL TRADE IS NOW | ROLLED | ||||||||
| 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. | |||||||||
| ADDED (5) 99 DELTA CALL OPTIONS TO THIS TRADE TO REDUCE MY COST BASIS | |||||||||
Today I ROLLED (Closed then Opened) a CCW trade basically at once and have consolidated the trades here. | TIME AND DATE STAMP | ||||||||
| Tuesday, June 2, 2026 | |||||||||
| CLOSED ORIGINAL CCW TRADE > DETAILS PREMIUM PROFIT ONLY | |||||||||
| LABU (3x Leveraged ETF to the Bio Techs ) | LABU | ||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $1,720.00 | $8,850.00 | ||||||||
| CLOSED CCW TRADE DETAILS | |||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Jun-1 I placed this original trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Days | Premium was | ||||||
| $182.38 | $173.00 | 1 | $12.80 | ||||||
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS | Contracts | Projected Cash Flow | |||||||
| 10 | $12,800.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (CLOSED) | |||||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $12.80 | -$1.70 | $1,720.00 | |||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | |||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this PMCC Trade on > LABU | |||||||||
| the option had fallen -50% so we buy this back, will do the Jun-12th $173 as we roll this ... just keep rolling to collect credits | |||||||||
| Details of the option buyback | |||||||||
| The option has fallen such that it's down some -50% at the time of this buyback and with (3) day left. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | LABU17312.8 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| ROLLED CCW TRADE DETAILS | |||||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jun-3 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $161.70 | $170.00 | Jun-12 | 10 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $5.90 | 15 | $8,850.00 | |||||||
| Projected CoC % | |||||||||
| 7.95% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this PMCC Trade on > (LABU) | |||||||||
| ADDED (5) 99 DELTA CALL OPTIONS TO THIS TRADE TO REDUCE MY COST BASIS | |||||||||
| This trade on LABU starts out as a > (10) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $8850 dollars which represents 7.95% premium profit on money invested. Should my shares be taken I could make more, break even of lose money based on where my LEAPS Call Option is priced (see below for those calculations) | |||||||||
| Further commentary and feelings on this trade | |||||||||
| LABU (3x Leveraged ETF to the S&P500 Bio Techs ) > just rolling this trade, bought back the first option because it had -50% premium in it, we then bought 5 more 99 Delta's to support the trade ... this goes from an ITM CC to a PMCC now and we will roll with it. | |||||||||
| With this new Strike Price, what is the projected LEAPS Value? | |||||||||
| If this trades as its projected, I will make money on the LEAPS Call Option > IF my shares are taken at this strike price, my expected LEAPS value will be $75.317 , my cost basis is $-74.24 | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | LABU1705.9 | ||||||||
| LEAPS CALL OPTION INFORMATION | | |||||||
| LEAPS CALL OPTION | |||||||||
| DETAILS OF THE LEAPS CALL OPTION I PURCHASED | |||||||||
| Below is the LEAPS Call Option purchase information. The performance part is based on a DELTA MOVE in the LEAPS vs the ACTUAL stock move so the numbers are as close as I can get them as DELTAs can change | |||||||||
| BELOW ARE ALL OF MY LEAPS PURCHASES FOR THIS TRADE | |||||||||
| Stock Price | Strike Price | LEAPS Price | Contracts | Investment | |||||
| $182.38 | $95.00 | -$87.00 | 10 | $87,000.00 | |||||
| -$9,380.00 | |||||||||
| $161.51 | $95.00 | -$67.50 | 5 | $33,750.00 | |||||
| $0.00 | |||||||||
| BELOW IS FURTHER DETAILS AND THE AVERAGE OF ALL | |||||||||
| Delta | Expiration | Strike | Total Investment | ||||||
| #REF! | Jul2026 | $95.00 | $111,370.00 | ||||||
| Contracts | Controlling | Average Price? | |||||||
| 15 | 1500 | -$87.00 | |||||||
| The Current LEAPS value > | Current Value | $67.10 | |||||||
| I AM CURRENTLY (+) or (-) this amount starting this trade > | -$7.15 | ||||||||
| The LEAPS value will move higher > | Projected Value | $75.32 | |||||||
| The 'Projected Value' is based on where the LEAPS is valued at the start of this trade and where the LEAPS value will be at the strike price. | |||||||||
 | IRA > NO DIVIDEND TREE OR TAX BUCKET | | |||||||
| LETTING MONEY BUILD THE ACCOUNT SIZE | |||||||||
| 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 | |||||||||
| 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. | |||||||||
| This is not a recommendation to buy or sell this stock | |||||||||
| Disclaimer - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | |||||||||
| 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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