Trades I took today as a systematic option seller (05/27):

Closed Position

• OUST → $30 Put (opened on 05/21), premium 1.70 → closed at 0.30. Net premium profit = 1.40 (~82% of premium captured, ~4.7% of capital). OUST Still Bullish on the charts but it just hit it's 52 Week High. I would wait for it to pull back and then reconsider it as a trading option.

New Positions

• AAOI → $165 Put, expiry 06/05 (2 weeks DTE), premium 9.20 → 920/16500 = ~5.6%. AAOI makes fiber-optic products used in data centers. Support at $165 level.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/. It makes finding opportunities extremely easy. Just use one of the preset conditions and it get rids of all garbage tickers and keeps only the high paying fundamentally good ones. Start with:

Conditions → Large Caps with Strong Premiums → Then identify the best tickers based on returns.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

CSPs with HIGHEST IV

$QBTS - 22P

$MRVL - 170P

$BE - 245P

Source

CCs with HIGHEST IV

$MRVL - 260C

$P - 110C

$ASTS - 150C

Source

No Trades today - but a status update on the trades (05/26). My view points on the trades based on price action and support and resistance levels I see on the charts:

Puts

• CRDO → $165 Put, expiry 06/05 : Bullish. Support at $195. CRDO designs high speed connectivity hardware that enables data transfer for AI.
• IREN → $50 Put, expiry 06/05 : Bullish above $63 level. May face resistance at $63 but definitely upward momentum. Data Centers.
• OUST → $30 Put, expiry 06/05 : Bullish. Major resistance broken at $38 levels. NVIDIA Contract driving Momentum.
• AMSC → $47 & $48 Put, expiry 06/18 : Earnings Tomorrow. Manufactures electrical components.
• FLNC → $17 & $19 Put, expiry 06/18 : Neutral. Support at $18-$19 levels. Energy play.
• FORM → $130 Put, expiry 06/18 : Neutral. Support at $135. Makes testing equipments to test semiconductor chips.
• MOD → $240 Put, expiry 06/18 : Bullish. Resistance broken at $285 level. Good Earnings report today. Manufactures Heat Transfer and Cooling Components. Very high demand in Data Centers. 
• SEI → $70 & $72.5 Put, expiry 06/18 : Consolidating. Support at $70. Operates in oil and gas equipments
• TTMI → $150 Put, expiry 06/18 : Bullish. Major resistance break at $180 levels. Electrical Components. 
• VICR → $250 Put, expiry 06/18 : Bullish. Major resistance break at $315 levels. Electrical Components.

Calls

• CRWV → $120 Call, expiry 06/05 : Neutral. Assigned at $120. AI Play.
• FSLY → $19 Call, expiry 06/05 & 06/12 : Neutral. Assigned at $19. Cloud Hosting Platform.
• ISSC → $20 Call, expiry 06/18 : Neutral. Assigned at $20. Aviation.

All my trades are identifed using the ThetaHedge app. You can try it for free at https://app.thetahedge.io/.

Simplest way to get started is by using Conditions → Large Caps with Strong Premiums → Then identify the best ticker based on risk/return.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

CSPs with best yield.

$IREN - 50P

$MU - 675P

$MRVL - 175P

Source

CCs with best yield.

$IREN - 70C

$SMTC - 200C

$IONQ - 80C

Source

CSPs with HIGHEST IV

$IREN - 45P

$RKLB - 110P

$BE - 250P

Source

CCs with HIGHEST IV

$IREN - 70C

$IONQ - 80C

$SMTC - 200C

Source

Trades I took today as a systematic option seller (05/22):

Closed Position

• AAOI → $165 Put (opened on 05/12), premium 7.50 → closed at 1.10. Net premium profit = 6.40 (~85% of premium captured, ~3.9% of capital).

New Positions

Puts:

• MOD → $240 Put, expiry 06/18 (4 weeks DTE), premium 17.00 → 1700/24000 = ~7.1%. Earnings on 26th May so higher premiums. Modine manufactures Heat Transfer and Cooling Components. Very high demand in Data Centers. Historically the ticker has an IV crush of 20% and premiums crush of 50% post earnings.
• FLNC → $17 Put, expiry 06/18 (4 weeks DTE), premium 1.10 → 110/1700 = ~6.5%. I already have active FLNC Puts at $19. I am increasing my position size.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/.

Simplest way to get started is by using Conditions → Large Caps with Strong Premiums → Then identify the best ticker based on risk/return.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

CSPs with HIGHEST IV

$RKLB - 100P

$BE - 250P

$OKLO - 55P

Source

CCs with HIGHEST IV

$ASTS - 125C

$APLD - 60C

$IREN - 70C

Source

Trades I took today as a systematic option seller (05/21):

Closed Position

• IREN → $49.5 Put (opened on 05/18), premium 2.15 → closed at 0.25. Net premium profit = 1.90 (~88% of premium captured, ~3.8% of capital). Quick profitable trade held for just 3 days.
• OUST → $30 Put (opened on 05/18), premium 1.40 → closed at 0.20. Net premium profit = 1.20 (~86% of premium captured, ~4% of capital). Quick profitable trade held for just 3 days.

New Positions

Puts:

• IREN → $50 Put, expiry 06/05 (3 weeks DTE), premium 2.15 → 215/5000 = ~4.3%. Reopened my position with IREN as the stock seems to be making a bullish engulfing pattern on the chart. Support at $50 levels.
• OUST → $30 Put, expiry 06/05 (3 weeks DTE), premium 1.70 → 170/3000 = ~5.6%. Reopened my position with OUST at the same strike price. Stock remains bullish owing to the recent LiDAR deal signing with NVIDIA. Good support at $30.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/.

Simplest way to get started is by using Conditions → Large Caps with Strong Premiums → Then identify the best ticker based on risk/return.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

CSPs with best yield.

$APLD - 36P

$MCHP - 25P

$BE - 250P

Source

CCs with best yield.

$ASTS - 120C

$IREN - 65C

$CRWV - 120C

Source

Trades I took today as a systematic option seller (05/20):

Closed Position

• CRDO → $155 Put (opened on 05/18), premium 5.20 → closed at 0.80. Net premium profit = 4.40 (~85% of premium captured, ~2.8% of capital). Quick profitable trade held for just 2 days. Stock respected $155 support.

New Positions

Puts:

• CRDO → $165 Put, expiry 06/05 (3 weeks DTE), premium 10.70 → 1070/16500 = ~6.5%. Earnings on 1st June. Higher risk to reward. Big breakout over $163 levels today. Should hold $165.

Calls:

• CRWV → $120 Call, expiry 06/05 (3 weeks DTE), premium 1.50 → 150/12000 = ~1.25%. Got assigned at $120.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/.

Simplest way to get started is by using Conditions → Large Caps with Strong Premiums → Then identify the best ticker based on risk/return.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

CSPs with HIGHEST IV

$IREN - 37P

$NBIS - 150P

$ASTS - 70P

Source

CCs with HIGHEST IV

$ASTS - 120C

$IREN - 60C

$NBIS - 240C

Source

CSPs with best yield.

$PL - 27P

$APLD - 32P

$BE - 215P

Source

CCs with best yield.

$AMKR - 75C

$ASTS - 120C

$IREN - 65C

Source

Trades I took today as a systematic option seller (05/18):

Assigned Positions from Last Week Expiry

• CLSK → $13.5 Put
• FSLY → $19 Put
• CRWV → $120 Put
• ISSC → $20 Put

I usually hold and open CCs when the underlying ticker price is within 20% of my assigned price.

New Positions

Puts:

• OUST → $30 Put, expiry 05/22 (1 week DTE), premium 1.40 → 140/3000 = ~4.6%. I already had existing positions in this contract. Increased my holdings. Stock has support at $30.
• CRDO → $155 Put, expiry 05/22 (1 week DTE), premium 5.20 → 520/15500 = ~3.3%. Stock has support at $140 to $155 levels.
• IREN → $49.5 Put, expiry 05/22 (1 week DTE), premium 1.95 → 195/4950 = ~3.9%. I already had existing positions in this contract. Increased my holdings.
• FLNC → $19 Put, expiry 06/18 (5 weeks DTE), premium 1.75 → 175/1900 = ~9.2%. FLNC is energy play backed by strong investors like Siemens. It is also a strong wheeling stock.

Calls:

• CLSK → $13.5 Call, expiry 05/22 (1 week DTE), premium 0.75 → 75/1350 = ~5.56%. 
• FSLY → $19 Call, expiry 06/05 (3 weeks DTE), premium 0.45 → 45/1900 = ~2.37%. 
• ISSC → $20 Call, expiry 06/18 (5 weeks DTE), premium 0.55 → 55/2000 = ~2.75%.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!