| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | NEW CCW TRADE | ||||||||
| NEW (OTM) COVERED CALL TRADE IS NOW | OPEN | ||||||||
| I structured this OTM Covered Call by purchasing a 99 Delta call option instead of the buying the shares. This saves me considerable up front capital to support this trade. The 99 Delta call option details are listed below. If you wanted to follow this trade with me you could just purchase the shares outright and use the same strike and expire date. | |||||||||
| DAYS | THIS NEW CCW TRADE BEGINS AND ENDS | ||||||||
| 10 | July 14, 2026 | July 24, 2026 | |||||||
| TNA | TIME AND DATE STAMP | ||||||||
| TNA (3X Leveraged ETF to the Russell 2000) | Tuesday, July 14, 2026 | ||||||||
| DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'. | |||||||||
| UNIQUE TRADE IDENTIFIER | TNA741 | ||||||||
| Yahoo Summary Page > . | https://finance.yahoo.com/quote/TNA?p=TNA | ||||||||
| - | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW Covered Call position was opened using TNA | |||||||||
| When the stock was trading for $70.54 a share , I Sold (10) (OTM) Covered Call contracts(s) using (1000) shares for the Jul-24 Expiration Date, $74.00 Strike Price receiving a Premium of $1 or $1,000 in upfront cash flow. | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on > TNA | |||||||||
| This TNA begins as a (10) day trade where I'm trying to capture anywhere from 3% - 5% for a monthly Covered Call Trade. This trade will make $1,000 dollars which represents 4.94% CoC% gain on money invested if the trade closes as projected. | |||||||||
| Further commentary as to why I opened this trade | |||||||||
| TNA (3X Leveraged ETF to the Russell 2000) - I rolled my OLD 99 Delta to a NEW 99 Delta ... I basically needed to exit the trade when TNA is trading @ $73.85 so we do this $74 strike for the week and hope to exit and close this entire CC campaign. | |||||||||
| PROJECTED CCW PREM ONLY | |||||||||
| STOCK PRICE | STRIKE | PREM | EXPIRATION | ||||||
| $70.54 | $74.00 | $1.00 | Jul-24 | ||||||
| DAYS | Projected Cash Flow | ||||||||
| 10 | $1,000.00 | ||||||||
This would be a 'Break Even' trade on the 99D Long Calls | Cash on Cash % | ||||||||
| 4.94% | |||||||||
| DETAILS FOR THE 99 DELTA CALL OPTION | |||||||||
| Contracts | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost | ||||||
| 10 | $30.00 | $43.51 | $43,510.00 | ||||||
Current Status > Down on the Position | CURRENT VALUE | ||||||||
| $40,500.00 | |||||||||
| CURRENT VALUE | |||||||||
| -$3,010.00 | |||||||||
| - | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
| GOLDEN RULES OF COVERED CALL WRITING (AVOIDING EARNINGS) | |||||||||
| WILL THEY HAVE EARNINGS? | NO | ||||||||
| WILL COMPANY HAVE AN EX-DATE | NO | ||||||||
| Try to avoid Earnings Reports > Earnings can be a stocks most volitile moment so its important to try to avoid writing a covered call thru or near earnings. Even great stocks can move +/- 10% on earnings > Try to avoid EX-Dates > Companies that have dividends will trade differently in and around its EX-Date ... keep this in mind when writing a covered call as you might have your shares taken if its profitable for the Call Buyer. | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% Rule | 10% Rule | |||||||
| $1.00 | $0.50 | $0.10 | |||||||
| What does this mean? If within the first week the option falls 50% I will buy back the option and look to roll for another credit ... if the option falls to 10% of the value, I will buy back and roll. | |||||||||
| WHAT IF MY "SHARES" ARE TAKEN? (ie, ASSIGNED) | |||||||||
| What if my shares were expectedly taken on this trade prior to expiration or I didn't manage it correctly by ending the trade early if I didn't want my shares taken prior to the expire date? | |||||||||
| Cost Basis - per share | Shares taken | I would Profit or Lose this | |||||||
| $73.85 | $74.00 | $150.00 | |||||||
 | HOW YOU WOULD BENEFIT FROM THIS TRADE | | |||||||
| BUY SHARES > SELL CALL | |||||||||
| I bought 99 Delta ITM Call Option and then sold the ITM Covered Call ... you could buy the shares and select the same Strike Price for the same ITM Covered Call trade. | |||||||||
| Stock Price was | Strike Price | Expire | Premium | ||||||
| $70.54 | $74.00 | Jul-24 | $1.00 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $7,054.00 | $7,400.00 | $446.00 | |||||||
| Cash on Cash % | |||||||||
| 6.32% | |||||||||
| 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 shares. 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 | |||||||||
| © 2026 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
