| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | NEW ROLLED PMCC | ||||||||
| 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. 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 | ||||||||
| $2,050.00 | $1,560.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Jun-3 I placed this original trade and below are the details of that trade. | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $107.75 | Jun-3 | Jun-11 | 8 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $100.00 | 10 | -$0.20 | $2,050.00 | ||||||
Current Status > Down on the Shares | Cash Invested? | Cash Flow Collected | |||||||
| $51,900.00 | 3.95% | ||||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | 91.11% | ||||||||
| 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 -91.11% 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. | |||||||||
| Details of the option buyback | |||||||||
| The option has fallen such that it's down some 38% at the time of this buyback and with (1) day left. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | NVDL10010 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jun-11 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $92.09 | $100.00 | Jun-18 | 7 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.56 | 10 | $1,560.00 | |||||||
| Projected CoC % | |||||||||
| 3.53% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this PMCC Trade on > NVDL | |||||||||
| This trade on NVDL starts out as a > (7) day trade where Im trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $1560 dollars which represents 3.53% 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 | |||||||||
| NVDL (2x Leveraged ETF to Nvidia) > This trade began as a 99 Delta Deep In-the-Money Covered Call strategy. When NVDL was trading at $107.75, I selected the $100 strike, intentionally giving myself a meaningful layer of downside protection while generating premium income. Since then, we've experienced the recent AI-driven selloff, and NVDL has declined to approximately $92.50. As a result, I'll be buying back the current covered call, which expires tomorrow, and closing it for a profit. The next step is to sell the June 18th $100 covered call, which now effectively becomes the cost basis I'm working from going forward. My 99 Delta Deep In-the-Money Call Option expires on June 26th, which should give me enough time to sell two more covered calls while attempting to exit the position at the $100 level. If NVDL does not recover to $100 by then, the plan is straightforward: sell the June 26th 99 Delta call option, roll into the July 17th 99 Delta call option, and continue generating premium while working toward an eventual exit at the $100 target. This is a perfect example of why I like the 99 Delta strategy. The position behaves much like stock ownership, but with less capital deployed, while the covered calls continue to reduce cost basis and generate income as we wait for the trade to recover. | |||||||||
| With this new Strike Price, what is the projected LEAPS Value? | |||||||||
| I would make money if this trade ends as projected on my LEAPS/99 Delta Call Option > $44.6705 , my cost basis is $-44.15 | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | NVDL1001.56 | ||||||||
| LEAPS CALL OPTION INFORMATION | | |||||||
| DETAILS OF THE LEAPS/99 DELTA 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 | |||||
| $107.75 | $55.00 | -$51.90 | 10 | $51,900.00 | |||||
| THE ORGINIAL .099 DELTA ITM CC INTRINSIC VALUE --> | -$7,750.00 | ||||||||
| $0.00 | |||||||||
| $0.00 | |||||||||
| BELOW IS FURTHER DETAILS AND THE AVERAGE OF ALL | |||||||||
| Delta | Expiration | VALUE | Total Investment | ||||||
| 0.99 | Jun2026 | $44.15 | $44,150.00 | ||||||
| Contracts | Controlling | Average Price? | |||||||
| 10 | 1000 | -$44.15 | |||||||
| The Current LEAPS value > | Current Value | $36.80 | |||||||
| I AM CURRENTLY (+) or (-) this amount starting this trade > | -$7.35 | ||||||||
| The LEAPS value will move higher > | Projected Value | $44.67 | |||||||
| 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. | |||||||||
| USING THIS LEAPS CALL OPTION, HOW MUCH PREMIUM ? | |||||||||
| Below are all of the Covered Calls I have sold while owning this position. It does includes the current active Covered Call Trade. | |||||||||
| Date Opened | Date Closed | Cash Flow | CoC% +/- | ||||||
| 6/3/2026 | Jun-11 | $2,050.00 | 4.64% | ||||||
| 6/11/2026 | Jun-18 | $1,560.00 | 3.53% | ||||||
| $3,610.00 | 8.18% | ||||||||
 | 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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