| All rights reserved - Core Position Trading, LLC - 2026 | ||||||||||||||
 | CLOSED CCW TRADE | |||||||||||||
| THIS 99 DELTA COVERED CALL HAS BEEN CLOSED | CLOSED | |||||||||||||
| This trade used the 99 Delta Call Option to support the trade. I did not purchase shares in the traditional Covered Call trade which allowed me to make more CoC % gain on money invested | ||||||||||||||
| Today I CLOSED this 99 DELTA CCW position on NVDL | ||||||||||||||
| Not happy with the buy back ... making -$1,000 less than projected ... but we take it and move on > markets moving a bit quick and another buy back/sell 99D not right > these numbers represent the real time numbers at close : stock price $70.46 / buy back $4.6 This trade closes, my 99 Delta long call expires on this day so I had to sell it and by another one to continue the trade: this is the one I bought below NEW 99 Delta
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| This trade makes $4200 in Covered Call premium. The stock has traded such that its now trading under my cost basis and I will need to continue a Covered Call campaign until I can close the trade break even on the position + covered calls premiums as my profit. This premium represents 5.56% on money invested. | ||||||||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | ||||||||||||||
| DETAILS FOR THE LAST COVERED CALL | CLOSED | |||||||||||||
| To understand the buy back cost, you remove the intrinsic value from the current real time option price from the current real time stock price ... this would represent the remaining time value left in the option. This is what you subtract from your original covered call premium profit to get your final covered call premium profit for this trade. | ||||||||||||||
| Date Open | Stock Price | Strike Price | Premium | |||||||||||
| Jul-2 | $28.60 | $31.00 | $0.75 | |||||||||||
| Date Closed | INTRINSIC | EXTRINSIC | 99 DELTA COST | |||||||||||
| Jul-17 | -$2.40 | $3.15 | $0.2 | |||||||||||
| BUYBACK | ||||||||||||||
| -$0.05 | ||||||||||||||
| TOTAL PREM PROFIT | ||||||||||||||
| $4,200.00 | ||||||||||||||
| DETAILS FOR THE 99 DELTA CALL OPTION | OPEN | |||||||||||||
| Date Open | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost | |||||||||||
| Jul-2 | $18.33 | $12.58 | -$75,500.00 | |||||||||||
Current Status > Down on the Position | CURRENT VALUE | |||||||||||||
| $12.35 | ||||||||||||||
| CURRENT (+/-) VALUE | ||||||||||||||
| -$1,400.00 | ||||||||||||||
| UNIQUE TRADE IDENTIFIER | NVDL310.75 | |||||||||||||
| 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 | ||||||||||||||
| 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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