| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||||||||||||
 | CCW CLOSEOUT | ||||||||||||||||||
| THIS ITM COVERED CALL IS CLOSED OUT | CLOSED | ||||||||||||||||||
| THE CAMPAIGN TRACKER NUMBER IS > _ | C#_TQQQ_650 | ||||||||||||||||||
| 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 TQQQ | |||||||||||||||||||
trade works perfect as I exited both trades perfect, no TV cost on the buy back and made more on the 99 Delta exit , sweet $510 for my son's account > simple buy back as the stock has fallen, we can pocket the premium and now will look to use the time remaining on this option for the next option, will roll out to next week if the numbers work out in my favor. buying back early in on expire day just to roll the trade for next week selling more time > the stock has fallen such that this option is down -99.99% 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. > the final numbers for the exit of this trade > both legs were closed/sold > when I bought back the near term covered call the stock was trading for $70.74 and the real time option buy back price was $5.7 which means the time value left in the option (the give back to close early) was $0.04 cents. Then needing to sell the 99 Delta where the strike and the premium equaled where I bought back ($70.74) I sold the 99 Delta for $30.8 which equaled the combined 99 Delta strike + premium of $70.8. > On Sep - 3 - I bought 17 shares of QQQY at market - Filled at $22.12 < - > I then took 25% of the total premium profit and bought 3 shares of XDTE paying $38.85 per share for taxes purposes > UT#TQQQ655 | |||||||||||||||||||
| 👉 The Projected Profit was $480 so in the buy back process and the exit of the 99 delta I may or may not have made more or less. 👇 | |||||||||||||||||||
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| This trade makes $510 in Covered Call trade profit. The stock has traded such that I've bought this option which makes $510 or 5.99% 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-24 | $68.21 | $65.00 | $5.00 | ||||||||||||||||
| Date Closed | Days ON | Buy Back | Cash Flow | ||||||||||||||||
| Sep-3 | 10 | -$5.70 | $510.00 | ||||||||||||||||
| CoC% | |||||||||||||||||||
| 5.99% | |||||||||||||||||||
| DETAILS FOR THE 99 DELTA CALL OPTION | SOLD | ||||||||||||||||||
| Date Open | 99 Delta Strike | 99 Delta Cost | 99 Delta Total Cost | ||||||||||||||||
| Aug-24 | $50.00 | $40.00 | -$8,520.00 | ||||||||||||||||
| Date Closed | Days HELD | 99 Delta Sold | 99 Delta Total Sold | ||||||||||||||||
| Sep-3 | 10 | $30.80 | $9,240.00 | ||||||||||||||||
| 99 Delta Profit/Loss | |||||||||||||||||||
| $720.00 | |||||||||||||||||||
| UNIQUE TRADE IDENTIFIER | TQQQ655 | ||||||||||||||||||
| CLOSEOUT TOTALS / BREAKDOWN BY STEP | |||||||||||||||||||
| PAID FOR 99 DELTA | -$8,520.00 | ||||||||||||||||||
| SOLD 99 DELTA | $9,240.00 | ||||||||||||||||||
| TOTAL COVERED CALL PREMIUMS COLLECTED | -$210.00 | ||||||||||||||||||
| TOTAL CASH FLOW | $510.00 | ||||||||||||||||||
| CASH ON CASH % +/- | 5.99% | ||||||||||||||||||
| 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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| DID I TAKE PROFITS AND BUY A DIVIDEND FUND? | YES | ||||||||||||||||||
| Using Covered Call profits , I want to buy dividend paying stocks to provide a passive income for me and my family , below I share if I purchased any | |||||||||||||||||||
| SYM | Date | Shares | Total Cost | ||||||||||||||||
| QQQY | Sep-3 | 17 | $376.04 | ||||||||||||||||
| On Sep - 3 - I bought 17 shares of QQQY at market - Filled at $22.12 < - > I then took 25% of the total premium profit and bought 3 shares of XDTE paying $38.85 per share for taxes purposes | |||||||||||||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/QQQY?p=QQQY | ||||||||||||||||||
| - | |||||||||||||||||||
| DID I SAVE SOME MONEY FOR TAXES? | YES | ||||||||||||||||||
| Saving money from profits to help pay for taxes is important so I moved over this amount and bought this dividend ETF as a place holder for the tax year | |||||||||||||||||||
| SYM | Date | Shares | Total Cost | ||||||||||||||||
| XDTE | Sep-3 | 3 | $116.55 | ||||||||||||||||
| I took 25% of the total premium profit $ and bought () shares of to keep all year and collect dividends on and come tax time I will sell equal dollars in said ETF to pay the tax man | |||||||||||||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/XDTE | ||||||||||||||||||
