| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | ROLLED BLENDED TRADE | ||||||||
| STANDARD BLENDED COVERED CALL TRADE IS NOW | ROLLED | ||||||||
| Today I ROLLED this Covered Call position on (METU) | |||||||||
| Using this opportunity to roll the option out to June 12th, I can collect an additional $0.85 while staying at the same $26 strike. That's the beauty of letting time and premium work in your favor. This week, I paid back approximately $0.30 on a $0.70 option, locking in the majority of the premium while maintaining flexibility. If the shares are called away, that's perfectly fine. If not, we'll continue managing the position and harvesting premium as opportunities present themselves. By June 12th, assuming the shares are taken away, the entire trade will have generated approximately $17,375, representing an 11.29% return since the position was initiated on May 4th. I don't have a problem earning $2,400 per week while allowing the probabilities, time decay, and disciplined trade management to do the heavy lifting. | |||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $2,400.00 | $5,100.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On May-29 I placed this original trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Days | Premium was | ||||||
| $25.75 | $26.00 | 6 | $0.70 | ||||||
THIS WAS THE TRADE WITH THE PROFIT PROJECTIONS | Contracts | Projected Cash Flow | |||||||
| 60 | $4,200.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (CLOSED) | |||||||||
| Premium was | Buy Back was | Total Cash Flow I made | |||||||
| $0.70 | -$0.30 | $2,400.00 | |||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | -57.14% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this Blended Trade on > METU | |||||||||
| Using this opportunity to roll the option out to June 12th, I can collect an additional $0.85 while staying at the same $26 strike. That's the beauty of letting time and premium work in your favor. This week, I paid back approximately $0.30 on a $0.70 option, locking in the majority of the premium while maintaining flexibility. If the shares are called away, that's perfectly fine. If not, we'll continue managing the position and harvesting premium as opportunities present themselves. By June 12th, assuming the shares are taken away, the entire trade will have generated approximately $17,375, representing an 11.29% return since the position was initiated on May 4th. I don't have a problem earning $2,400 per week while allowing the probabilities, time decay, and disciplined trade management to do the heavy lifting. | |||||||||
| Details of the option buyback | |||||||||
| The option has fallen such that it's down some -56.67% at the time of this buyback and with (1) day left. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | METU260.7 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jun-4 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $25.70 | $26.00 | Jun-12 | 8 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $0.85 | 60 | $5,100.00 | |||||||
| Projected CoC % | |||||||||
| 5.35% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this CCW Trade on > METU | |||||||||
| This trade on METU starts out as a > (8) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $5100 dollars which represents 1.96% 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 | |||||||||
| METU (2x Leveraged ETF to Facebook) > just rolling, I could have closed this trade and made money but have little fear holding META down here ... we will keep this trade going for another week and see where it goes... IF it gets OVER $26 we will let this trade end for sure. | |||||||||
| With this new Strike Price, what is the projected LEAPS Value? | |||||||||
| If this trades ends as its projected, I will make money where my LEAPS Call Options will be profitable but my Shares will be sold as a loss. This is calculated and expected and the hopes is that I break even and make my money on the CC premiums. | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | METU260.85 | ||||||||
 | STOCK/LEAPS CALL OPTION INFORMATION | | |||||||
| DETAILS OF THE STOCK/LEAPS CALL OPTION PURCHASES | |||||||||
| This blended trade brings together shares and deep ITM LEAPS Call Options to reduce my cost basis to a manageable position so I can exit the trade sooner. The idea is to break even on the shares/LEAPS and profit from the premiums I've collected along the way. | |||||||||
STOCK | SHARES | COST | PAID | ||||||
| 1500 | $28.00 | -$42,000.00 | |||||||
| CURRENT VALUE | |||||||||
| $38,250.00 | |||||||||
LEAPS | Controlling shares | COST | PAID | ||||||
| 4,500 | -$11.86 | -$53,360.00 | |||||||
| CURRENT VALUE | |||||||||
| $57,150.00 | |||||||||
| 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 | |||||||||
| 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 - Yes - at the time of this posting I do own LEAPS Call Options. That could mean in my taxable , non-taxable accounts or both. I am by no means recommending this stock for purchase | |||||||||
| 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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