| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | NEW ROLLED PMCC | ||||||||
| STANDARD COVERED CALL TRADE(S) ARE 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. The cost basis is reflected in the new price of the 99 Delta call option and my cost basis below | |||||||||
| TRADE 1 > COLLECTED | TRADE 2 > PROJECTIONS | ||||||||
| $1,780.00 | $1,000.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Jun-5 I placed this original trade and below are the details of that trade. | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $96.87 | Jun-5 | Jun-16 | 11 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $111.00 | 10 | -$0.12 | $1,780.00 | ||||||
Current Status > Down on the Shares | Cash Invested? | Cash Flow Collected | |||||||
| $55,300.00 | 3.22% | ||||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | 99.25% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this PMCC Trade on > NVDL | |||||||||
| simple buy back as the stock has fallen, we can pocket the premium and now will look to use the time remaining on this option for the next option, will roll out to next week if the numbers work out in my favor. > the stock has fallen such that this option is down -99.25% which means we will use TIME to our advantage and close this trade, taking risk off the table and now have cash back in the account to make another trade. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | NVDL1111.9 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jun-16 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $99.02 | $111.00 | Jun-26 | 10 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.00 | 10 | $1,000.00 | |||||||
| Projected CoC % | |||||||||
| 1.81% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this PMCC Trade on > NVDL | |||||||||
| NVDL (2x Leveraged ETF to Nvidia) > Although I am not pleased that NVDL has declined from my approximate cost basis of $110 to $99, I can still use the position to generate income through a short-term trade. By selling a one-week covered call, I can potentially earn approximately $1 per share, which represents a return of about 1.8% on the capital invested. It's important to remember that I am using a 99-delta call option, for which I invested only $55,300 to control 1,000 shares of NVDL. This 99-delta call option expires on June 26, the same date as the out-of-the-money covered call I plan to sell. On Friday, June 26, I will close the short-term covered call position and sell the June 26 99-delta call option. At that point, I will evaluate the profitability of the LEAPS position. If the trade is profitable, I may choose to close the position and realize the gain. If not, I may purchase an August-expiration 99-delta call option with minimal remaining time value and continue the covered call strategy. | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | NVDL1111 | ||||||||
| LEAPS/99 DELTA CALL OPTION INFORMATION | | |||||||
| MY COST BASIS ON THE 99 DELTA CALL OPTIONS | |||||||||
| 99 DELTA Strike | 99 DELTA cost | Contracts | Total Cost | ||||||
| $55.00 | $55.30 | 10 | -$55,300.00 | ||||||
| DELTA | 99 DELTA Expiration | ||||||||
| 0.99 | Jul-17-2026 | ||||||||
 | 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: 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. | |||||||||
| 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 | |||||||||
| © 2026 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
