| 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 | ||||||||
| $2,900.00 | $2,200.00 | ||||||||
| ORIGINAL CCW TRADE DETAILS BELOW (OPEN) | |||||||||
| On Jun-26 I placed this original trade and below are the details of that trade. | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $52.65 | Jun-26 | Jul-9 | 13 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow | ||||||
| $47.50 | 20 | -$0.15 | $2,900.00 | ||||||
Current Status > Down on the Shares | Cash Invested? | CoC% | |||||||
| $46,000.00 | 6.30% | ||||||||
AS THE TRADE PROGRESSED, THE OPTION FELL, OPTION PROFIT WAS AVAILABLE SO I DECIDED TO CLOSE THIS TRADE. | -50% Rule? | Percentage Down | |||||||
| YES | 1420000.00% | ||||||||
| REASONING FOR BUYING BACK THIS CCW OPTION (FINAL) | |||||||||
| WHY I CLOSED this PMCC Trade on > NAIL | |||||||||
| NAIL falls much further then I'd have thought, we would have made $1.60 in TV premium ... we buy this back so we can maybe do something for next week ... I give back -0.15 cents ... so we want to make that back for the next trade. | |||||||||
| UNIQUE CLOSED TRADE IDENTIFIER | NAIL47.57.25 | ||||||||
 | CLOSED TRADE ENDS | NEW TRADE BEGINS |  | |||||||
| NEW CCW TRADE (ROLLED) DETAILS BELOW (OPEN) | |||||||||
| Today, Jul-9 I placed this NEW CCW trade and below are the details of that trade. | |||||||||
| Strike Price was | Strike Price | Expire | Days | ||||||
| $41.78 | $47.50 | Jul-24 | 15 | ||||||
| NEW Premium | Contracts | Projected Cash Flow | |||||||
| $1.10 | 20 | $2,200.00 | |||||||
| Projected CoC % | |||||||||
| 6.3% | |||||||||
| REASONING FOR ROLLING THIS MONEY VS JUST SITTING (FINAL) | |||||||||
| WHY I OPENED this PMCC Trade on > NAIL | |||||||||
NAIL (3x leveraged ETF to the Homebuilders) we are ROLLING this ITM CC at the cost basis strike of $47.50 ... this means my first trade ended with NAIL finishing LOWER than my ITM strike, still holding the position we now use the $47.50 as our exit strike and do this 2 week trade. The 99 Delta that supports this trade expires > Jul-31 so we have some time left to premium harvest this 99 Delta long call option. | |||||||||
| UNIQUE NEW TRADE IDENTIFIER | NAIL47.51.1 | ||||||||
| LEAPS/99 DELTA CALL OPTION INFORMATION | | |||||||
| MY COST BASIS ON THE 99 DELTA CALL OPTIONS | |||||||||
| 99 DELTA Strike | 99 DELTA cost | Contracts | Total Cost | ||||||
| $30.00 | $23.00 | 20 | -$46,000.00 | ||||||
| DELTA | 99 DELTA Expiration | ||||||||
| 0.99 | Jul-31-2026 | ||||||||
Current Status > Down on the Shares | Current | Current Value | |||||||
| $11.55 | $23,100.00 | ||||||||
 | 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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