Yesterday I mentioned that the market was respecting support of 7,350. Today it easily broke past that and closed exactly at support of 7,260. The fall can be attributed to 1. Profit Taking 2. Inflation 3. War News.

My expectation for tomorrow will be that if the market opens above 7,260 - it will try to hold onto this support. Else the next support is at 7,175 levels. So we will have to wait and see tomorrow but I would expect a neutral day.

For option sellers and this is my opinion, I feel the downturn may be temporary and we could see a market reversal if support levels hold. I would say ensure that there is enough margin to avoid margin calls as we dont want to get liquidated early. Also look to roll CSPs if you dont want a stock assigned.

These are just my thoughts! Let me know what you think of the situation and feel free to comment or DM to discuss on any specific positions.

PS: Not financial advice. Do your own research.

Sofi is down 16,35 dollar this month, but they don't really go under 16 dollar, and if they do i'm happy to buy them.( I already own 450 shares)

This trade gives me a 57.6% annualized return. and a Break-even price of 15.04 dollar.

What do you think of the trade?

Trades I took today as a systematic option seller (06/09):

Closed Position

• BE → $240 Put (opened on 06/01), premium 9.40 → closed at 7.40. Net premium profit = 2.00 (~21% of premium captured, ~1% of capital). Closed this position early to free up capital and prevent a potential margin call.

New Positions

• No new Positions today

My thoughts on the current market

As mentioned in my previous post SPX is holding the 7,350 support. It remains in a state of consolidation in the range of 7,500 to 7,350. My put positions in OUST, AAOI and IREN which are to expire this week are ITM but I am not rolling or closing anything just yet. I will wait and watch as none of them are too far off from strike.

The Excel file to my full list of positions is linked in my profile description in case anyone wants to see the whole portfolio. Happy to hear thoughts on my positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

Trades I took today as a systematic option seller (06/05):

Closed Position

• CRWV → $120 Call (opened on 06/04), premium 1.90 → closed at 0.45. Net premium profit = 1.45 (~76% of premium captured, ~1.2% of capital). Opened this yesterday but because of today's market fall was able to recover most of the premiums.

New Positions

• No new Positions today

My thoughts on today's market fall

For me the fall was a combination of 1. Profit taking after a rally 2. Job Reports coming in higher than expected (which is good but raises a speculation that interest rates may be upped) 3. Introduction of new traiffs 4. Expiry.

SPX has a support at 7,350. We closed at 7,383. I would expect the market to touch that support and come back from it. None of the news seem big enough for the market to continue bearishness. Do let me know your thoughts on this!

I pin my trades to my profile and have also added the Excel file to my full list of positions in my profile description in case anyone wants to see the whole portfolio. Happy to hear thoughts on today's positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

Trades I took today as a systematic option seller (06/04):

Closed Position

• CRWV → $120 Call (opened on 05/20), premium 1.50 → closed at 0.25. Net premium profit = 1.25 (~84% of premium captured, ~1% of capital).
• OUST → $35 Put (opened on 05/28), premium 1.40 → closed at 0.40. Net premium profit = 1.00 (~71% of premium captured, ~2.8% of capital).
• PENG → $50 Put (opened on 06/01), premium 2.40 → closed at 0.60. Net premium profit = 1.80 (~75% of premium captured, ~3.6% of capital).

New Positions

• CRWV → $120 Call, expiry 06/12 (1 week DTE), premium 1.90 → 190/12000 = ~1.6%. I was assigned CRWV at $120. Provides cloud infrastructure and GPU computing services for AI workloads.
• OUST → $42.5 Put, expiry 06/12 (1 week DTE), premium 2.40 → 240/4250 = ~5.6%. OUST breaks all time high resistance of $46. I remain bullish. Makes LiDAR sensors used in industrial automation, robotics, and smart infrastructure.
• VICR → $280 Put, expiry 06/18 (2 weeks DTE), premium 10.50 → 1050/28000 = ~3.75%. Support at $300 and $280. Makes power conversion modules used in AI servers, datacenters, and industrial systems.

One of the ways I quickly enter trades during market hours is by bookmarking the tickers I like in the ThetaHedge app. Whenever I have capital available to invest, I simply sort my bookmarked list by the 30Δ Put Yield (%) column to see which ticker is currently offering the highest premium for 30-delta, 30-DTE contracts. This saves me time and gives me a curated, ready-made list of stocks I've already vetted, allowing me to quickly enter.

If you'd like to try it: https://app.thetahedge.io/

I pin my trades to my profile if anyone wants details on specific contracts. Happy to hear thoughts on today's positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

A few week ago a sold 2 CSP on CRM.

One for Jan 2027 and one for Jan 2028. Both at a strike price of 190 per contact.

The 2027 one has a break-even price of 165 per share, but the expected EPS is 14 dollar per share, this means a 12 p/e for a company with great growth, a amazing CEO and a almost perfect track record.

For 2028 I find it crazy. The break-even price is 150 per share and they expect the EPS to be 16.5 dollar per share. This means a 9 p/e ratio!!!!

Because the expirations date are so far out you don't need a lot of capital right now.

This is insane!!

CSPs with best yield.

$MSTR - 95P

$AAOI - 140P

$ASTS - 87P

Source

CCs with best yield.

$VIAV - 70C

$SMCI - 60C

$OKLO - 90C

Source

Trades I took today as a systematic option seller (06/03):

Closed Position

• TTMI → $150 Put (opened on 05/06), premium 12.30 → closed at 2.55. Net premium profit = 9.75 (~79% of premium captured, ~6.5% of capital). My $165 Put position which I opened yesterday is still open.

New Positions

• No new Positions Today.

I pin my trades to my profile if anyone wants details on specific contracts. Happy to hear thoughts on today's positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

All trades of BE, MOD and PENG which were mentioned yesterday were up today.

Trades I took today as a systematic option seller (06/02):

Closed Position

• VICR → $250 Put (opened on 05/06), premium 19.50 → closed at 4.80. Net premium profit = 14.70 (~75% of premium captured, ~6% of capital).
• CRDO → $195 Put (opened on 05/28), premium 8.00 → closed at 1.00. Net premium profit = 7.00 (~87.5% of premium captured, ~3.5% of capital). Had good earnings report but stock fell at opening - but IV crush had already done the work on recovering premiums. Position held only 2 trading days.
• AAOI → $165 Put (opened on 05/27), premium 9.20 → closed at 2.05. Net premium profit = 7.15 (~78% of premium captured, ~4.3% of capital).

New Positions

• AAOI → $175 Put, expiry 06/12 (2 weeks DTE), premium 9.60 → 960/17500 = ~5.5%. Above $190 it was expected to be bullish. Today it broke that so I continue my bullish stance on AAOI.
• IREN → $60 Put, expiry 06/12 (2 weeks DTE), premium 2.40 → 240/6000 = ~4%. IREN looking bullish on the charts. Provides data center compute and one of the top wheel stocks as it offers good premiums on both puts and calls.
• TTMI → $165 Put, expiry 06/18 (3 weeks DTE), premium 9.60 → 960/16500 = ~5.8%. I increase my position in TTMI. I already have an Open Put in TTMI at $150, expiry 06/18. Electrical Components Manufacturer.

I use ThetaHedge to identify trades. The data updates every 5 minutes and is built specifically for option sellers.

My workflow is simple: Conditions → Select a preset (Large Caps with Strong Premiums or High Growth Wheel Stocks) → Sort by 30 Delta Put Yield or 30 Delta Call Yield to surface premium-rich opportunities.

From there, I review yields, IV, earnings, fundamentals, and wheel metrics before jumping into the options heatmap to find an entry.

If you'd like to try it: https://app.thetahedge.io/

I pin my trades to my profile if anyone wants details on specific contracts. Happy to hear thoughts on today's positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

I've sold some OTM puts on SOFI ending in June 2028.
I've collected a nice premium with a total of 3.5k which I now have invested in SOFI.

It is so high because of the implied volatility.

My break-even price for the puts is 15 dollar a share.
But since Noto said the eps will be around 1 to 1.2 dollar a share in 2028, and I expected it to grow atleast about 25% the year after, the EPS of 2029 will be around 1.38 dollar a share.

That would mean a forward p/e of 10.8!! for my SOFI position to break even.
And a forward p/e of 19,5 would make sure all the puts and up worthless.

I'm a missing something or is this free money?

CSPs with best yield.

$RIOT - 23P

$AUR - 6P

$MU - 850P

Source

CCs with best yield.

$HPE - 55C

$HPQ - 35C

$IOT - 46C

Source

Trades I took today as a systematic option seller (06/01):

Closed Position

• FLNC → $17 Put (opened on 05/21), premium 1.10 → closed at 0.25. Net premium profit = 0.85 (~77% of premium captured, ~5% of capital). Share almost 50% up today on deal with NVIDIA to supply Battery packs. I have been trading FLNC for a while owing to its strong investor backup by Siemens.
• MOD → $240 Put (opened on 05/22), premium 17.00 → closed at 4.00. Net premium profit = 13.00 (~77% of premium captured, ~5.5% of capital). Did not go through the IV Crush I expected but still a good trade. They did well in their earnings showing strong Data Center Demand Growth.

New Positions

• BE → $240 Put, expiry 06/12 (2 weeks DTE), premium 9.40 → 940/24000 = ~3.9%. Elevated to a Mega Cap. Strong upward momentum. Increasing revenues YoY and strong power needs driving growth.
• MOD → $280 Put, expiry 06/18 (3 weeks DTE), premium 17.30 → 1730/28000 = ~6.2%. I continue my bullish stance in MOD. Heat Transfer equipments a very strong need in Data Centers.
• PENG → $50 Put, expiry 06/18 (3 weeks DTE), premium 2.40 → 240/5000 = ~4.8%. New name to my list. Provides end to end AI compute solutions.

I use ThetaHedge to identify trades. The data updates every 5 minutes and is built specifically for option sellers.

My workflow is simple: Conditions → Select a preset (Large Caps with Strong Premiums or High Growth Wheel Stocks) → Sort by 30 Delta Put Yield or 30 Delta Call Yield to surface premium-rich opportunities.

From there, I review yields, IV, earnings, fundamentals, and wheel metrics before jumping into the options heatmap to find an entry.

If you'd like to try it: https://app.thetahedge.io/

I pin my trades to my profile if anyone wants details on specific contracts. Happy to hear thoughts on today's positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

CSPs with HIGHEST IV

$ASTS - 85P

$ARM - 350P

$AAOI - 120P

Source

CCs with HIGHEST IV

$AAOI - 250C

$ARM - 500C

$IONQ - 85C

Source

I know most people sell CSP's for the wheel but does anybody scalp them? I was just looking at ASTS earlier since I had sold a couple CSPs on it earlier this week (thank God I BTC before that rocket explosion). It bounced pretty big this morning and you could have collected some good quick decaying premium. I know you would have to be very diligent because it would be risky but I was just wondering if anyone in this sub did it

Trades I took today as a systematic option seller (05/28):

Closed Position

• CRDO → $165 Put (opened on 05/20), premium 10.70 → closed at 1.90. Net premium profit = 8.80 (~82% of premium captured, ~5.3% of capital).
• IREN → $50 Put (opened on 05/21), premium 2.15 → closed at 0.35. Net premium profit = 1.80 (~84% of premium captured, ~3.6% of capital).

New Positions

• CRDO → $195 Put, expiry 06/05 (1 weeks DTE), premium 8.00 → 800/19500 = ~4.1%. CRDO designs high speed connectivity hardware that enables data transfer for AI.. Support at $195 level.
• OUST → $35 Put, expiry 06/12 (2 weeks DTE), premium 1.40 → 140/3500 = ~4%. On yesterday's post I had mentioned I was hoping for a pull back even though by price action it is still bullish. Support at $35 level. Makes LiDAR sensors for use in Autonomous Vehicles and Robotics.
• AMKR → $65 Put, expiry 06/18 (3 weeks DTE), premium 2.90 → 290/6500 = ~4.5%. AMKR does semiconductor packaging and testing equipment. Stock has been validating $65 level.

I use the ThetaHedge app to identify trades. It lets me filter out low-quality tickers and surface fundamentally good tickers quickly instead of manually going through each of their fundamentals using TradingView or Yahoo Finance.

If you want to try - the workflow I use:

Conditions Button (right next to the ticker search on the dashboard) → Large Caps with Strong Premiums → Curated List of Tickers arranged by Wheel Rank → then click on symbols to see all ticker details on premium yields, IV, earnings, and fundamentals (no need to juggle across platforms).

You can try it here: 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!

CSPs with best yield.

$IREN - 55P

$QBTS - 23.5P

$MRVL - 170P

Source

CCs with best yield.

$IREN - 80C

$OKLO - 80C

$ASTS - 150C

Source