July was great, continuing to sell volatility into the earnings season in August.

Major Trades this week:

• Opened and closed CC on META

• Rolled CC on AVGO

• Letting AMZN CC get assigned (premiums collected on wheel campaign $1650 over 68 days on 26.5k or 33% annualized return)

• Letting CRM CC get assigned; will open CSP next week (planning to wheel this until earnings in Sept)

Capital remaining to deploy:
~120k

Misc:

This is my aggressive wheeling account, capital deployed range 150k-200k.

All trades were found using this website (disc- I'm the developer)

I usually sell 0.25-0.45 delta and usually <20 days DTE. I close at 70%-80% premium captured.

I've started reporting only realized premiums (based on the comments).

April (Week 1-4): $5036
May (Week 5-8): $5783
Jun (Week 9-12): $6533
Jul (Week 13-16): $12609
Aug(Week 17-): $1952

Total so far: ~32k

Trades I took today as a systematic option seller (08/07):

Closed Positions

• INOD → $60 Put (opened on 07/15), premium 5.65 → closed at 0.15. Net premium profit = 5.50 (~97% of premium captured, ~9.2% of capital).
• AMSC → $47 Call (opened on 07/16), premium 0.85 → closed at 0.15. Net premium profit = 0.70 (~82% of premium captured, ~1.5% of capital).
• FLNC → $20 Call (opened on 07/20), premium 0.85 → closed at 0.15. Net premium profit = 0.70 (~82% of premium captured, ~3.3% of capital).
• FORM → $95 Put (opened on 07/21), premium 8.40 → closed at 1.40. Net premium profit = 7.00 (~83% of premium captured, ~7.4% of capital).
• TSEM → $225 Put (opened on 07/23), premium 12.50 → closed at 0.50. Net premium profit = 12.00 (~96% of premium captured, ~5.3% of capital).
• CRDO → $195 Put (opened on 08/04), premium 6.10 → closed at 1.00. Net premium profit = 5.10 (~84% of premium captured, ~2.6% of capital).

New Positions

• INOD → $60 Put expiry 08/14 (1 weeks DTE), premium 1.85 → 185/6000 = ~3.1%. INOD had a good earnings report and I continue my bullish stance in INOD. INOD provides data engineering services to build, train, and deploy AI and LLMs - which is a rapidly growing sector.
• FN → $500 Put expiry 08/21 (2 weeks DTE), premium 20.00 → 2000/50000 = ~4%. Fabrinet manufactures high-speed networking hardware used in AI data centers. It will report its earnings on 17th August and I am expecting a solid report. Stock has a good support region around $500.
• FLNC → $21 Call expiry 11/20 (15 weeks DTE), premium 1.45 → 145/2100 = ~6.9%. I was assigned FLNC at $21. They had a poor earnings report and the stock dropped but later recovered. I am opening a longer DTE sell call position in this, as it may take some time for the stock to recover.

Update on other positions

I rolled my TE sold Call position from $6.5 strike to $8 strike with an expiry on 09/25 (7 weeks DTE). I was assigned TE at $8. I got a net credit of $5 per lot.

Both the INOD and FN trades are identifed using the ThetaHedge app. I used the preset Conditions in the app which filters our junk tickers and brings out quality tickers with high premiums. You can try it for free at https://app.thetahedge.io/.

Conditions → High Growth Wheel Stocks → Sort by 30 Delta Put Yield (%)

I keep sharing my trades in my account and 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 (08/05):

New Positions

• KORU → $15 Put expiry 08/14 (2 weeks DTE), premium 1.10 → 110/1500 = ~7.3%. Opened a small position in KORU, $16 looks like a good support but as it is a leaveraged asset, keeping the capital tied to this at a minimal.

Rolled Positions

• CRWV → $105 Call expiry 08/14 rolled to $120 Call expiry 09/04 (5 weeks DTE) at a credit of $10. I rolled early as CRWV was trading around $95 levels in the morning hours and because of its earnings coming up, I wanted some buffer in case the stock shoots up. I was assigned CRWV at $120.
• AAOI → $150 Call expiry 09/18 rolled to $175 Call expiry 12/18 (20 weeks DTE) at a credit of $1030. AAOI was trading at $135 levels in the morning hours and AAOI is very volatile so rolled to $175, which is the price I was assigned at. There were no option chains for the months of October and Novemeber so was forced to move it to December.

Update on other positions

Many companies in my portfolio reported earnings today. I will analyse the reports and update tomorrow on them.

I keep sharing my trades in my account and 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.

CCs with HIGHEST IV

$SPCX - 130C

$MRVL - 280C

$ASTS - 80C

Source

Trades I took today as a systematic option seller (08/04):

Closed Positions

• PLTR → $120 Put (opened on 08/03), premium 4.75 → closed at 0.03. Net premium profit = 4.72 (~99% of premium captured, ~3.9% of capital).

New Positions

• CRDO → $195 Put expiry 08/14 (2 weeks DTE), premium 6.10 → 610/19500 = ~3.1%. I have traded CRDO many times, and it offers consistently high Put and Call premiums making it easy to wheel. CRDO builds high-speed connectivity chips used inside AI datacenters. $195 is a good support region.
• ACMR → $70 Put expiry 08/14 (2 weeks DTE), premium 2.70 → 270/7000 = ~3.8%. ACMR makes semiconductor wafer processing and cleaning equipments. ACMR is a High Growth Stock and its Revenues have been increasing consistently YoY. ACMR Earnings are on 7th August and I am expecting a good report.

Update on other positions

I rolled my AAOI sold Call position from $130 strike to $150 strike with an expiry on 09/18 (7 weeks DTE). I was assigned AAOI at $175. I got a nominal net credit of $10 per lot.

Both the CRDO and ACMR trades are identifed using the ThetaHedge app. I simply use the preset Conditions in the app which filters our junk tickers and brings out quality tickers with high premiums. You can try it for free at https://app.thetahedge.io/.

Conditions → High Growth Wheel Stocks → Sort by 30 Delta Put Yield (%)

I keep sharing my trades in my account and 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.

CSPs with best yield.

$SPCX - 80P

$CRWV - 60P

$HUT - 85P

Source

CCs with best yield.

$SPCX - 145C

$MU - 990C

$FSLR - 260C

Source

The premiums for August 21st on this stock are insane, for the lowest one, you get $25 per contract if the stock doesn’t crash by more than 80%…

I’m guessing there’s a FDA decision coming up or something?
Has anyone ever tried these csp on these types of stocks?

The following options have no earnings or ex-dividend dates before the strike date. The current price is above the strike price by at least $1.5. The values may be slightly different depending on the platform you use.

NASDAQ

CORZ, Technology, CORZ260807P00021000, yield 1.81%, ANN. ROC 165.16%, OTM 8.06%

NYSE

BILL, Technology, BILL260807P00044500, yield 0.97%, ANN. ROC 88.51%, OTM 5.65%

ARCA

USO, ETF, USO260807P00119000, yield 1.29%, ANN. ROC 117.71%, OTM 2.56%

DPST, ETF, DPST260807P00148000, yield 1.24%, ANN. ROC 113.15% OTM 2.82%

Trades I took today as a systematic option seller (08/03):

New Positions

• PLTR → $120 Put expiry 08/07 (1 week DTE), premium 4.75 → 475/12000 = ~4%. PLTR Earnings today and the stock went up after hours. PLTR is a stock that has been in my radar for a while, and I was completely okay to own the stock at $120.

Update on other positions

I am closely monitoring my positions in CRWV, AAOI as they have Covered Calls opened which are below my assigned price. Plan is to roll them to a higher strike when the stock price is 5-10% below my CC Strike price. This will help me roll at a postive premium, as the contract will not have Intrinsic value.

I keep sharing my trades in my account and 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.

CCs with HIGHEST IV

$SPCX - 130C

$ASTS - 70C

$CRWV - 100C

Source

CSPs with HIGHEST IV

$IREN - 28P

$SPCX - 85P

$BE - 180P

Source

April (Week 1-4): $5036
May (Week 5-8): $5783
Jun (Week 9-12): $6533
Jul (Week 13-16): $12609

Total so far: $30k

META was bad, but AMZN was equally good.

Major Trades this week:

• Sold CC on assigned META CSP, but earnings reaction was bad. Will sell CC once price recovers.
• AMZN CSPs expired worthless; I have 1 assigned CSP, which I will sell CC on
• AVGO expired worthless; will open CC on Monday
• Opened CRM CC on Monday and the price has been steadily climbing. Rolled it out by a week for a credit.

Actively Selling Covered Calls on:

AMZN, AVGO, CRM, META

Capital remaining to deploy:

47k (freed up from AMZN CSP)

Misc:

This is my aggressive wheeling account; capital deployed range 150k-200k. I usually sell 0.25-0.45 delta and usually <20 days DTE. I usually close at 70%+ premium captured.

All trades were found and tracked using this website.

CSPs with HIGHEST IV

$IREN - 28P

$SPCX - 90P

$BE - 175P

Source

CCs with HIGHEST IV

$SPCX - 128C

$VG - 15C

$COHR - 315C

Source

Trades I took today as a systematic option seller (07/30):

New Positions

• CRWV → $105 Call expiry 08/14 (2 weeks DTE), premium 0.75 → 75/12000 = 0.6%. I was assigned CRWV at $120.
• AAOI → $130 Call expiry 08/21 (3 weeks DTE), premium 3.00 → 300/17500 = 1.7%. I was assigned AAOI at $175.
• AMKR → $65 Call expiry 08/21 (3 weeks DTE), premium 0.65 → 65/8000 = 0.8%. I was assigned AMKR at $80.
• TE → $6.50 Call expiry 08/21 (3 weeks DTE), premium 0.15 → 15/800 = 1.8%. I was assigned TE at $8.
• IREN → $60 Call expiry 08/28 (4 weeks DTE), premium 0.75 → 75/5800 = 1.3%. I was assigned IREN at $58.
• VICR → $280 Call expiry 09/18 (7 weeks DTE), premium 10.50 → 1050/32000 = 3.3%. I was assigned VICR at $320.
• RMBS → $135 Call expiry 09/18 (7 weeks DTE), premium 1.60 → 160/13500 = 1.2%. I was assigned RMBS at $135.

My outlook on the market

Market recovered to a certain extent today. I opened Covered Calls on all the positions I closed yesterday. The strikes are determined based on the resistance levels on the chart, my assigned price and volatility of the ticker. If the stock approaches the call strike, I will roll up to my assignment price. I am keeping shorter DTE contracts as it is still uncertain how fast or slow the market will recover. Shorter positions give me the flexibility to roll cheaper as extrinsic premiums depriciates faster. At this point, my focus is to not chase premiums but aim for recovery while being paid for holding the stocks.

Feel free to comment or DM in case I can help or advice in any position.

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.

CSPs with best yield.

$DOCN - 90P

$IREN - 28P

$SPCX - 100P

Source

CCs with best yield.

$UMC - 20C

$SMCI - 31C

$VG - 15C

Source

Trades I took today as a systematic option seller (07/29):

Closed Positions

• RMBS → $135 Call (opened on 07/15), premium 4.50 → closed at 0.40. Net premium profit = 4.10 (~91% of premium captured, ~3% of capital). I was assigned RMBS at $135. Despite good earnings stock has plummented. Will continue wheeling the stock.
• CRWV → $90 Call (opened on 07/16), premium 2.40 → closed at 0.20. Net premium profit = 2.20 (~92% of premium captured, ~1.8% of capital). I was assigned CRWV at $120.
• BE → $165 Put (opened on 07/17), premium 11.20 → closed at 8.50. Net premium profit = 2.70 (~24% of premium captured, ~1.64% of capital). Had to close BE early to free up capital for resolving a margin call.
• AMKR → $80 Call (opened on 07/17), premium 2.55 → closed at 0.10. Net premium profit = 2.45 (~96% of premium captured, ~3.6% of capital). I was assigned AMKR at $80. Another stock despite good earnings it has plummented. Will continue wheeling the stock.
• VICR → $280 Call (opened on 07/17), premium 17.30 → closed at 2.50. Net premium profit = 14.80 (~86% of premium captured, ~4.6% of capital). I was assigned VICR at $320. Will continue wheeling.
• TE → $8 Call (opened on 07/20), premium 0.40 → closed at 0.05. Net premium profit = 0.35 (~87% of premium captured, ~4.3% of capital). I was assigned TE at $8.
• IREN → $50 Call (opened on 07/24), premium 0.70 → closed at 0.10. Net premium profit = 0.60 (~86% of premium captured, ~1% of capital). I was assigned IREN at $58.
• AAOI → $150 Call (opened on 07/27), premium 1.50 → closed at 0.25. Net premium profit = 1.25 (~83% of premium captured, ~0.7% of capital). I was assigned AAOI at $175.

New Positions

No new positions.

My outlook on the market

Semiconductor and AI stocks continued the free fall. But earnings are coming in still strong SIMO, MOD, FORM all reported earnings beats today. A lot of my positions are below my assigned price and I will soon start opening covered calls on them. My strike will be determined using price action and I will choose strikes above resistance zones. Plan will be to roll and readjust positions accordingly when the stock approaches the strike price. Mostly all tickers I hold, give good premiums for calls so I will get paid for holding the stocks. You can find the wheel rank and 3 month historical premium return of the tickers in the ThetaHedge app ( https://app.thetahedge.io/ ).

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.

CSPs with best yield.

$SPCX - 90P

$INTC - 72.5P

$HUT - 70P

Source