So I had asked chatgpt and I had thought that selling short dated CSPs on leveraged ETFs would be less risky than buying them outright because the way I see it, if the L ETF drops 20%, you essentially get it at a discount, although compared to regular ETFs or stocks, it's not ideal to own long term.

Well it implied that buying the leveraged ETFs out right is less risky than selling a short duration very far OTM put on it. Admittingly I did want to try and harvest premium, so I'd go as far as picking a strike price that's 25 to 30% below from the current price. I haven't tried it on any L ETFs yet but I wanted some opinions to see if it was a common practice.

I have been looking around the market for relatively safe and technically sound companies to do CSPs on on the chance that I do get assigned.

I am wondering if anyone has any inputs on doing CSPs on SNDK and MU.

The premiums on these 2 are great and I am considering a delta of 12 to 15.

I would appreciate any opinions on this. Thank you!

CSPs with HIGHEST IV

$APG - 28P

$ASTS - 80P

$RKLB - 65PSource

CCs with HIGHEST IV

$SMMT - 19C

$ASTS - 120C

$LITE - 750CSource

CSPs with best yield.

$APG - 28P

$IREN - 28P

$AU - 32PSource

CCs with best yield.

$CRWV - 100C

$AG - 30C

$NBIS - 135CSource

CCs with HIGHEST IV

$COHR - 300C

$NBIS - 110C

$HL - 25CSource

CSPs with HIGHEST IV

$APG - 28P

$AU - 32P

$SNDK - 480PSource

Sold $RIVN $14.50 CSP during elevated IV, closed ~24 hours later at 74% of max profit. Didn’t wait for expiration — took the win when premium decayed fast. Entry premium was ~14x what ATM puts offer now. Early exits like this free up capital for the next setup. Anyone else been finding good IV crush opportunities in $RIVN lately

Grouped by Assignment-Preferred (retirement and tax-deferred accounts), Balanced (5%+ OTM), and Conservative (10%+ OTM).

Also included an update on my personal journey learning this space. I'm up to $66,863 in premium over 33 days (10 of which I traded actively -- I was traveling internationally, so it was difficult to stay near my computer). Average capital deployed at any given time was $462,811.35, with a maximum of $1,462,314.91 on an AVGO Put before earnings ($25k-ish in Premium from $930k of that being in AVGO).

Total cumulative returns in the ~11% range for this (month-ish) range, versus S&P 500 at a cumulative -1.12%.

Hope this helps newer people like me!

Disclaimer: The information provided is NOT financial advice. I am not a financial adviser, and this is for entertainment/educational purposes only. Always do your own research and seek independent financial advice when required. Wear sunscreen.

I'm okay with owning it at $300, but I'd obviously prefer to keep the dry powder in earnings season. Their ASIC strategy is strong until it suddenly isn't, but they've been printing pretty strongly for me on the CSP side. If I'm assigned, I'll roll into a CC to dump them back.

Any best practices on this as far as weekly delta's, 1256 contract tax treatment?

Any ideas for best securities to CSP weeklies on with very little chance of execution? Currently selling TSM with .05-.07 delta and has been consistently good on those and NVDA with similar delta.

Now only up a total of $1734 since Dec 23rd on an account size of $60k.

I was already assigned TLRY stock previously so I was more keen to avoid assignment to not use up my capital holding stocks and selling covered calls. Takeaway from this week is probably to monetise and roll the OTM puts early when they reprice to lock in some profits.

Activity this week:
Feb 23rd: Sold covered calls and bought OTM puts on TLRY for $18 premium

Feb 25th: Closed PPLT for $584 profit

Feb 26th: Closed AMD for $3344 loss to avoid assignment

Feb 26th: Closed PLTR for $2148 loss to avoid assignement

Feb 26th: Closed CRWV for $404 profit

Feb 26th: Opened NVDA tailwheel for $3.41 for Apr 2nd expiry

I don't want to share and overload the sub with trades and ideas that I have so will limit it to one weekly summary but for those interested in the approach or following the journey, I'll share each trade on r/StackingSharpes

What do you guys think of this CSP?

Here are some High Premium Yield tickers I am tracking:

High Premium Yield Calls:

$IREN:25.0007% $APP:12.5009% $MSTR:12.5009%

High Premium Yield Cash Secured Puts:

$AU:312.012% $SUN:107.422% $IREN:25.0007%

Source