| All rights reserved - Core Position Trading, LLC - 2026 | |||||||||
 | CCW CLOSEOUT | ||||||||
| THIS ITM COVERED CALL IS CLOSED OUT | CLOSED | ||||||||
| THE NEW CAMPAIGN TRACKER NUMBER IS > _ | C#_DPST_412 | ||||||||
| 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 DPST | |||||||||
| > these numbers represent the real time numbers at close : stock price $146.4 / buy back $16.5 / the total give back was -0.10 I had two separate DPST in-the-money covered call campaigns running at the same time. When I closed the Aug-7th $130 covered call, I intentionally gave back about 10 cents of time value (roughly $100). That part was perfectly fine and was part of the plan. The mistake came afterward. I had two different banks of 99 Delta long calls—one expiring August 7th and another expiring August 14th. Unfortunately, I accidentally sold the August 7th contracts instead of the August 14th contracts. Because they had different expirations, different strike prices, and different cost bases, every calculation I had made for the trade was suddenly incorrect. Using ChatGPT, I went back and reconstructed the entire campaign by accounting for the intrinsic value, the stock price when each trade was opened, the stock price when each position was closed, and every credit and debit along the way. Based on the original trade, I was projected to make approximately $2,710. After giving back about $100 to buy back the covered call and the stock falling -$1 on the 99 Delta exit ... I expected to net around $2,710. However, once all of the cash flows were reconciled, it turned out that the mix-up cost me an additional $2,600. The good news is that, despite the mistake, the campaign still finished with a $2,600 profit. This is my first real casualty from managing multiple 99 Delta positions with different expirations. It's a great reminder that when you're trading several synthetic stock positions at the same time, every bank of 99 Deltas has its own expiration date, strike price, and cost basis. Mixing them up can have real consequences. Thankfully, by carefully tracking every credit, debit, opening price, and closing price, I was able to reconstruct the trade and determine the true result. While it wasn't the outcome I originally expected, I'll gladly take a $2,600 profit and an important lesson learned. First Pair
Net = −$500 Second Pair
Net = +$3,100 Combined Total−$500 + $3,100 = +$2,600 ✅ Final Result: +$2,600.00 | |||||||||
| JUST KEEPING IN THE IRA TO BUILD THE BANK ROLL | YES | ||||||||
| 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 | |||||||||
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| 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. | |||||||||
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