| All rights reserved - Core Position Trading, LLC - 2025 | |||||||||
 | CLOSED CSP TRADE | ||||||||
| STANDARD CASH SECURED PUT TRADE IS NOW | CLOSED | ||||||||
| ASSIGNED | $1,270.00 | ||||||||
| BUT SHARES ARE DOWN | |||||||||
| DAYS ON | THIS CASH SECURED PUT TRADE IS CLOSED | ||||||||
| 3 | February 25, 2025 | February 28, 2025 | |||||||
SOXL | TIME AND DATE STAMP | ||||||||
| Friday, February 28, 2025 | |||||||||
| Direxion Daily Semiconductor Bull 3X Shares | |||||||||
| 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 | SOXL25.51.27 | ||||||||
| Yahoo Chart Link > | https://finance.yahoo.com/quote/SOXL/chart | ||||||||
| CASH SECURED PUT | |||||||||
| DETAILS FOR THIS CASH SECURED PUT TRADE | |||||||||
| Today I CLOSED this Covered Call position on (SOXL) | |||||||||
| Today, (10) Cash Secured Put contracts closed assigning me the shares of 1000 (ticker: SOXL)which was for the Feb-28-2025 Expiration Date, $25.5 Strike Price for a Premium of $1.27 > SOXL was trading for $25.45 a share. Because I was assigned the shares, I did make max profit on the trade. The final profit / cash flow collected it posted below. I collected $1.27 or 100% of the total projected cash flow for this trade. | |||||||||
| THIS TRADE WAS PLACED INSIDE MY TAXABLE ACCOUNT | |||||||||
| CASH SECURED PUTS ARE PREMIUM ONLY TRADES | |||||||||
| I was assigned these shares with the Cost Basis for my stock being the Strike Price of this Cash Secured Put. | |||||||||
| Stock Price - placed | Date | Expire WAS | Days On | ||||||
| $25.45 | Feb-25 | Feb-28 | 3 | ||||||
| Strike Price | Contracts | BUY BACK | Cash Flow Collected | ||||||
| $25.50 | 10 | $0.00 | $1,270.00 | ||||||
| Cash Invested? | Cash Flow Collected | ||||||||
| $25,500.00 | 4.98% | ||||||||
| WHY THIS CASH SECURED PUT WAS CLOSED (ASSIGNED/BUYBACK) | |||||||||
| WHY I CLOSED this CSP on > SOXL | |||||||||
| Option expired in the money so I will be assigned these shares at the strike price ... I will not use this premium for cost basis reduction. | |||||||||
| General plan for my Cash Secured Puts Cash on Cash % investments > I like to generate a 2% Cash on Cash return on my money invested ... depending on the timeframe ... 1 week, 1% is ok but if 30 days I want more like 2 ot 3% preferred | |||||||||
| -50% , -10% RULES (PRICES WHEN I MIGHT BUY BACK) | |||||||||
| Premium | -50% | 10% Rule | My Buy Back was? | ||||||
| $1.27 | $0.64 | $25.50 | $0.00 | ||||||
| -50% Rule? | Percentage Down | ||||||||
| YES | -100.00% | ||||||||
| What does this mean? If within the first week the option falls 50% I will buy back the option and look to roll for another credit ... if the option falls to 10% of the value, I will buy back and roll. | |||||||||
| MY FAVORITE CASH SECURED PUT TRAINING VIDEO | |||||||||
| CLICK HERE TO WATCH CSP TRAINING |  | ||||||||
| https://www.youtube.com/watch?v=JhmmSJBt_dg | |||||||||
| BASIC CSP TRAINING | |||||||||
 | DIVIDEND TREE PURCHASE (IF ANY) | | |||||||
| DIVIDEND TREE | |||||||||
| DETAILS OF THE DIVIDEND STOCK I PURCHASED WITH PROFIT | |||||||||
| 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 | |||||||||
 | |||||||||
| DID I ADD TO A 'DIVIDEND TREE' WITH THE PROFITS? | |||||||||
| Dividend Paying Stock | SYM | Date | Shares | Total Cost | |||||
| Defiance S&P 500 Enhanced Options & 0DTE Inc ETF | WDTE | Feb-28 | 25 | $944.25 | |||||
| On Feb - 28 using profits from a trade, I bought 25 shares of WDTE at market - Filled at $37.77 - $950 < - > I then took 25% of the total premium profit and bought 7 shares of XDTE paying $48.42 per share for taxes purposes | |||||||||
| Yahoo Summary Link > | https://finance.yahoo.com/quote/WDTE?p= | ||||||||
 | TAX BUCKET DEPOSIT (IF ANY) | | |||||||
| TAX BUCKET | |||||||||
| DID I SAVE SOME MONEY FOR TAXES? | |||||||||
| 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 | |||||||||
| DIVIDEND PAYING STOCK | SYM | Date | Shares | Total Cost | |||||
| Roundhill S&P 500 0DTE Covered Call Strategy ETF | XDTE | Feb-28 | 7 | $338.94 | |||||
| I took 25% of the total premium profit $1270 and bought (7) shares of XDTE 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/SOXL | ||||||||
| 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 - No - at the time of this posting I did not own the shares of this equity ... I risk my own money on this trade and am accountable for the trade results | |||||||||
| 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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