| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | NEW ROLLED CCW | ||||||||
| 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 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 > MADE | TRADE 2 > PROJECTIONS | ||||||||
| $1,160.00 | $4,400.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Jul-15 I placed this original trade and below are the details of that trade. | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $28.43 | Jul-15 | Jul-23 | 8 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow | ||||||
| $25.50 | 40 | -$0.05 | $1,160.00 | ||||||
Current Status > Down on the Shares | Cash Invested? | CoC% | |||||||
| $54,400.00 | 2.13% | ||||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | -98.53% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this PMCC Trade on > METU | |||||||||
| have no problem buying back for a -0.05 cents today (Thrusday) to sell a next week , same strike ... just keep making premiums , META has proven it can weather good and bad earnings reports and I suspect as most on wall street they will be good so we just keep in the position > the stock has fallen such that this option is down -85.29% 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 | METU25.53.4 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jul-23 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $22.85 | $25.50 | Jul-31 | 8 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.10 | 40 | $4,400.00 | |||||||
| Projected CoC % | |||||||||
| 8.09% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this PMCC Trade on > METU | |||||||||
| RULE #1 - Take what the market gives you and this is what its giving me METU (2x Leveraged ETF to Facebook) I have all the confidence that META will be strong in the coming weeks , earnings will be good with news of its new compute power deals ... even if META gets ripped after earnings it will do what it does and recover to at least where its at now IF you are asking me... so we keep rolling this position > I like how in this market META is getting love with its possible selling of AI compute power , always have said Google and META will probably be long term winners ... The 99 Delta that supports this trade expires > Aug-7 so we have some time left to premium harvest this 99 Delta long call option. | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | METU25.51.1 | ||||||||
| LEAPS/99 DELTA CALL OPTION INFORMATION | | |||||||
| DETAILS FOR THE 99 DELTA CALL OPTION | |||||||||
| Contracts | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost | ||||||
| 40 | $15.00 | $13.60 | $54,400.00 | ||||||
Current Status > Down on the Shares | CURRENT VALUE | ||||||||
| $8.10 | |||||||||
| CURRENT VALUE | |||||||||
| $32,400.00 | |||||||||
 | 100 SHARE TRADE IDEA | | |||||||
| 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 | ||||||
| $22.85 | $25.50 | Jul-31 | $1.10 | ||||||
| 100 Shares | Invested | IF Sold | Your Projected Profit | ||||||
| 100 | $2,285.00 | $2,550.00 | $375.00 | ||||||
| Cash on Cash % | |||||||||
| 16.41% | |||||||||
 | 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 | |||||||||
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