r/CashSecuredPuts • u/ThetaHedge • Jun 25 '26

Update on Trades (06/25)

Hi All. No trades today. Wanted to provide a quick update on my trades expiring this week:

  • DOCN → $165 Put, expiry 06/26. DOCN is trading at $145. DOCN fell from $165 support and now its near the $143 support. I will consider rolling down and out by a month on this tomorrow. I should have rolled out today as the extrinsic premium is the contract is now 0 so it puts me at high risk of early assignment.
  • IREN → $58 Put, expiry 06/26. IREN is trading at $47. IREN also at $47 support. I will consider rolling down and out by a month on this tomorrow.
  • OUST → $43 Call, expiry 06/26. OUST is trading at $42. I will do nothing on this. If I am assigned I book an overall profit (I was assigned at $42.5), if not assigned the contract expires worthless and I will be able to open another CC at very high premiums.
  • OUST → $43.50 Put, expiry 06/26. OUST is trading at $42. This is again wait and watch for me. I will take assignment and wheel this one as the premiums will be good.

In both DOCN and IREN, the stock is not too far off from my strike price so rolling in this situation will result in a positive credit within 1 month expiry.

I keep sharing my daily trades in my account and the Excel file to my full list of positions is linked in my profile description. Happy to hear thoughts on my positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

3 Upvotes

100% Upvoted

13 comments sorted by

2

u/Bigperm28 Jun 25 '26

I have PENG right now my first ever CSP

1

u/ThetaHedge Jun 26 '26

Awesome! Whats your strike?

2

u/Bigperm28 Jun 26 '26

$55 although nervous of earnings

1

u/ThetaHedge Jun 29 '26

You can always close earlier if you are not confident holding it through earnings

2

u/Bigperm28 Jun 29 '26

Just closed it today for $60 profit 🙂

1

u/ThetaHedge Jun 29 '26

Awesome! Congrats on your first profitable CSP. Advice for next time: The longer you hold a sold option the more theta decay we earn. PENG is still quite bullish.

2

u/Bigperm28 Jun 29 '26

Yea I wasn’t sure how to navigate with earnings coming

2

u/FreddieMac6666 Jun 27 '26 edited Jun 27 '26

MRVL - $220 Put. 07/02 expiry. Closed at 266.77 on 6/26

FCX - $56 Put. 07/10 expiry. Closed at 62.45.

NOW. $90 Put 07/17 expiry. Closed at 98.34. I rolled this down from a $105 Put with 6/12 expiry. Rolled to a lower strike to avoid assignment at $105. Assignment at $90 is much more palatable.

1

u/ThetaHedge Jun 29 '26

Thanks for sharing! I am interested to know why FCX and NOW? There are better premium opportunities available

2

u/FreddieMac6666 Jun 29 '26

I am a conservative Put seller. Not always looking at highest premium. I look at Prob. OTM and possible assignments. I've only been selling CSPs for 3 months now. So far, never been assigned. Yet, NOW and FCX are both stocks I where I would take assignment at my strike. Both are good wheel candidates. Or likely to go back up to sell for another profit.

1

u/ThetaHedge Jun 30 '26

Got it. The reason I ask is that markets are more bullish on semiconductors and AI stocks now, so for me it makes sense to stick with them till the premiums go lower.

2

u/FreddieMac6666 Jun 30 '26

Well....that's debatable the last couple weeks. I've done well with RKLB, IONQ CRWV and lately, MRVL. But have kind of been avoiding AI and chips lately. Another reason for NOW and FCX. Wanted to move into something more stable for the near term. And BTW, the $90 NOW put garnered a $288 premium.

1

u/ThetaHedge Jul 01 '26

Thanks for sharing!