| All rights reserved - Core Position Trading, LLC - 2026 |
 | CCW CLOSEOUT |
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| THIS 99 DELTA ITM COVERED CALL IS CLOSED OUT | CLOSED |
| This trade used the 99 Delta ITM Call Option to support the trade. I did not purchase shares in the traditional ITM Covered Call trade which allowed me to make more CoC % gain on money invested |
| Today I CLOSED this 99 DELTA ITM CCW position on DPST |
I decided to give back about 20 cents—roughly $200 per contract (or about $100, depending on position size)—so I could close this trade early. That frees up the capital to buy a new August 17th 99 Delta deep ITM call option and immediately sell another July 31st in-the-money covered call against it. If that setup allows me to collect nearly $3.20 in time value premium, I think that's an excellent trade. Sometimes it's worth giving back a small amount on the current position if it opens the door to a much larger opportunity the following week. That's exactly why I chose to close this trade early. I gave back a little today so I could potentially earn significantly more on the next trade. As always, this is simply how I'm managing my own portfolio and is shared for educational purposes only. It's not financial advice. Everyone should do their own research and make investment decisions based on their own financial situation and risk tolerance.
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| This trade makes $1785 in Covered Call trade profit. The stock has traded such that I've bought this option which makes $1785 or 4.8% return. |
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT |
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| 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-10 | $139.38 | $127.00 | $16.10 |
| Date Closed | Days ON | | Buy Back |
| Jul-21 | 11 | | -$17.20 |
| Buy Back Cost |
| -$550.00 |
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| DETAILS FOR THE 99 DELTA CALL OPTION | SOLD |
| Date Open | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost |
| Jul-10 | $50.00 | $65.00 | -$37,165.00 |
| Date Closed | Days HELD | 99 Delta Sold | 99 Delta Total Sold |
| Jul-21 | 11 | $79.00 | $39,500.00 |
| 99 Delta Profit/Loss |
| $2,335.00 |
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| UNIQUE TRADE IDENTIFIER | DPST12716.1 |
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| CLOSEOUT TOTALS / BREAKDOWN BY STEP |
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| PAID FOR 99 DELTA | -$37,165.00 |
| SOLD 99 DELTA | $39,500.00 |
| TOTAL COVERED CALL PREMIUMS COLLECTED | -$550.00 |
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| TOTAL CASH FLOW | $1,785.00 |
| CASH ON CASH % +/- | 4.80% |
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| 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 |
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| 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. |
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| This is not a recommendation to buy or sell this stock |
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| 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. |
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| 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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