| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | ITM CCW TRADE | ||||||||
| BRAND NEW CC CAMPAIGN | OPEN | ||||||||
| THE NEW CAMPAIGN TRACKER NUMBER IS > _ | C#_LABU_270 | ||||||||
| DAYS | THIS NEW ITM CCW TRADE BEGINS AND ENDS | ||||||||
| 4 | August 31, 2026 | September 4, 2026 | |||||||
| LABU | TIME AND DATE STAMP | ||||||||
| LABU (3x ETF to the S&P500 Bio Techs ) | Monday, August 31, 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 | LABU27022.9 | ||||||||
| Yahoo Summary Page > . | https://finance.yahoo.com/quote/DPST?p=DPST | ||||||||
| - | |||||||||
| DETAILS FOR THIS COVERED CALL TRADE | |||||||||
| Today a NEW Covered Call position was opened using LABU | |||||||||
| When LABU was trading at $289.19 I decided to do the ITM Covered Call where I selected the $270 strike price and was paid $22.9 in up front premium. This premium includes both intrinsic and extrinsic value where my profit actually equals $3.71 a share or $1800 in cash flow. | |||||||||
| Stock Price was | Strike Price | Expire | Premium | ||||||
| $289.19 | $270.00 | Sep-4 | $22.90 | ||||||
| Intrinsic Value | Extrinsic Value | Your Projected Profit | |||||||
| $19.19 | $3.71 | $1,800.00 | |||||||
| Cash on Cash % | |||||||||
| 2.58% | |||||||||
| - | |||||||||
| COMMENTARY AS TO WHY I OPENED THIS TRADE | |||||||||
| WHY I OPENED this CCW on LABU | |||||||||
| LABU (3x Leveraged ETF to the S&P500 Bio Techs ) its sold off some -$50 pts from its recent highs ... thats not to say LABU could not fall back to $250ish ... but I will plant my flag here at $270 , -$19.19 of DSP ... so we roll with it > having run the numbers, this trade meets most all of my expectations for a solid start to a covered call campaign. Of course I would love for this to be a one-an-done trade but if I were left holding this position ... the $270 strike/cost basis, based on its chart feels good. > C#_LABU_270 | |||||||||
| ➡️I gave myself -6.64% of downside protection for this trade | |||||||||
 | |||||||||
| HOW DID I STRUCTURE THIS TRADE? | |||||||||
| I purchased the shares and sold the ITM Covered Call | |||||||||
 | I purchased a 99 Delta Call Option and sold the ITM Covered Call | ||||||||
| - | |||||||||
| PROJECTED PROFIT POTENTIAL (CCW PREM ONLY) | |||||||||
| If this trade goes as planned, I will have my shares taken at my strike price and I will only collect the difference between the Real Money and Time Value which is the plan | |||||||||
| STOCK PRICE | STRIKE | PREM | Projected Cash Flow | ||||||
| $289.19 | $270.00 | $22.90 | $1,800.00 | ||||||
| DAYS ON | INTRINSIC VALUE | TIME VALUE | Cash on Cash % | ||||||
| 4 | $19.19 | $3.60 | 2.58% | ||||||
| Power of the 99 Delta ITM Call Option vs Buying the Shares | |||||||||
| Owning Shares = 1.24% CoC vs 99 Delta ITM Call Option's 2.58% on $ invested | |||||||||
| Cash on Cash % projections are based on > Premium collected divided by Total Invested | |||||||||
| - | |||||||||
| MY COST BASIS ON THE 99 DELTA CALL OPTIONS | |||||||||
| 99 DELTA Strike | 99 DELTA cost | Controlling Shares | Total Cost | ||||||
| $150.00 | $139.30 | 500 | -$69,650.00 | ||||||
| DELTA | TimeValueCost | % Cost Paid | 99 DELTA Expiration | ||||||
| 0.99 | 0.11 | 0.08% | Sep - 11 | ||||||
| By purchasing the 99 Delta Long Call Option I was able to simulate stock ownership using $69650 vs using $144595 had I outright bought the shares. | |||||||||
| - | |||||||||
| THIS TRADE WAS PLACED INSIDE MY NON-TAXABLE IRA ACCOUNT | |||||||||
| NO EARNINGS DURING THIS TIMEFRAME | |||||||||
| NO EX-DIVIDEND DATE DURING THIS TIMEFRAME | |||||||||
 | HOW YOU WOULD BENEFIT FROM THIS TRADE | | |||||||
| ITM CC BUY SHARES > SELL CALL | |||||||||
| I BOUGHT THE 99 DELTA ITM CALL OPTION, YOU MIGHT BUY THE SHARES | |||||||||
| 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 | ||||||
| $289.19 | $270.00 | Sep-4 | $3.71 | ||||||
| 100 Shares | IF Sold | Your Projected Profit | |||||||
| $28,919.00 | $27,000.00 | $371.00 | |||||||
| Cash on Cash % | |||||||||
| 1.24% | |||||||||
| CASH SECURED PUT > SAME STRIKE | |||||||||
| I DID THE ITM CC , YOU COULD DO THE CSP , SAME STRIKE | |||||||||
| I bought 99 Delta ITM Call Option and then sold the ITM CCW ... you could select the same Strike Price and sell a Cash Secured Put ... basically the same trade with similair Cash on Cash % on money invested' | |||||||||
| COST BASIS | STRIKE | PREM | Projected Cash Flow | ||||||
| $289.19 | $270.00 | $3.71 | $371.00 | ||||||
| Cash on Cash % | |||||||||
| 1.37% | |||||||||
| 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 | |||||||||
| © 2026 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
Monday, August 31, 2026
✅ CLOSE OUT ITM CC Trade | NAIL > MADE $2,744 > 4.51% > (7) days > UT (NAIL382.9)
| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
| CCW CLOSEOUT | ||||||||
| THIS ITM COVERED CALL IS CLOSED OUT | CLOSED | ||||||||
| THE CAMPAIGN TRACKER NUMBER IS > _ | C#_NAIL_088 | ||||||||
| 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 NAIL | |||||||||
| had this trade go to expiration , I was basically set short the stock but found out I can not be short a stock in an IRA ... so I was -4,000 shares ... I called my brokerage, they used my $25 long call to buy the shares which cleared the trade ... its complex to explain here so there are the raw numbers −$60,826.00 (bought 99 Deltas) +$11,573.23 (sold ITM CC premium) +$151,996.86 (the $38 credit when someone took my shares) −$100,000.00 (when I took someone shares to close the 'short' position) --- all money on the table equals +$2,744.09 ✅ this trade is closed | |||||||||
| 👉 The Projected Profit was $2800 so in the buy back process and the exit of the 99 delta I may or may not have made more or less. 👇 | |||||||||
- | |||||||||
| This trade makes $2744.09 in Covered Call trade profit. The stock has traded such that I've bought this option which makes $2744.09 or 4.51% return. | |||||||||
| 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 | ||||||
| Aug-21 | $40.00 | $38.00 | $2.90 | ||||||
| Date Closed | Days ON | Buy Back | Cash Flow | ||||||
| Aug-28 | 7 | $0.00 | $2,740.00 | ||||||
| CoC% | |||||||||
| 4.51% | |||||||||
| DETAILS FOR THE 99 DELTA CALL OPTION | SOLD | ||||||||
| Date Open | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost | ||||||
| Aug-21 | $50.00 | $25.00 | -$60,800.00 | ||||||
| Date Closed | Days HELD | 99 Delta Sold | 99 Delta Total Sold | ||||||
| Aug-28 | 7 | $12.99 | $51,940.00 | ||||||
| 99 Delta Profit/Loss | |||||||||
| -$8,860.00 | |||||||||
| UNIQUE TRADE IDENTIFIER | NAIL382.9 | ||||||||
| CLOSEOUT TOTALS / BREAKDOWN BY STEP | |||||||||
| PAID FOR 99 DELTA | -$60,800.00 | ||||||||
| SOLD 99 DELTA | $51,940.00 | ||||||||
| TOTAL COVERED CALL PREMIUMS COLLECTED | $11,600.00 | ||||||||
| TOTAL CASH FLOW | $2,740.00 | ||||||||
| CASH ON CASH % +/- | 4.51% | ||||||||
| JUST KEEPING IN THE IRA TO BUILD THE BANK ROLL | NO | ||||||||
| 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 | |||||||||
| © 2026 Core Position Trading, LLC and the CPT Dashboard - All Rights Reserved | |||||||||
| Disclaimer | |||||||||
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