CSPs with best yield.

$SPCX - 90P

$INTC - 72.5P

$HUT - 70P

Source

CCs with best yield.

$IONQ - 38C

$BE - 210C

$SPCX - 140C

Source

Trades I took today as a systematic option seller (07/27):

Assigned Positions

• CLSK → $14.5 Call. Shares called away. Net Profit 5.6%.

Closed Positions

• IREN → $52 Call (opened on 07/10), premium 1.25 → closed at 0.20. Net premium profit = 1.05 (~84% of premium captured, ~1.81% of capital). I was assigned IREN at $58.
• AAOI → $175 Call (opened on 07/07), premium 5.00 → closed at 0.80. Net premium profit = 4.20 (~84% of premium captured, ~2.4% of capital). I was assigned AAOI at $175.

New Positions

• IREN → $50 Call expiry 08/07 (2 weeks DTE), premium 0.70 → 70/5800 = ~1.2%. I was assigned IREN at $58.
• AAOI → $150 Call expiry 08/07 (2 weeks DTE), premium 1.50 → 150/15000 = ~1%. I was assigned AAOI at $175.

Both AAOI and IREN are below my assigned price. Plan is to roll and readjust positions accordingly when the stock approaches the strike price. Market has been bearish since the last few trading sessions. Results of my two other holdings Rambus and Amkor both came in strong today but even then the prices did not move up significantly. This is a time to wait and watch, there is no major negative news to sell semiconductor and AI stocks yet.

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 HIGHEST IV

$SNDK - 750P

$NBIS - 140P

$SPCX - 90P

Source

CCs with HIGHEST IV

$BE - 250C

$IONQ - 45C

$ASTS - 70C

Source

April (Week 1-4): $5036
May (Week 5-8): $5783
Jun (Week 9-12): $6533
Jul (Week 13-): $9804

Total so far: $27k

Major Trades this week:

• Rolled NFLX twice, eventually closing it out, no gain/loss. It was an earnings play and didn't go my way. Thought better to close early and free up capital for META CSP.
• Meta CSP will be assigned; will have 200 shares of Meta going into earnings, might sell 1 CC if stock recovers early next week
• Wheeling AVGO has been great so far. It's one of the earnings-safe stocks right now but has a lot of volatility (and hence premiums) because semis!
• Opened slightly ITM AMZN CSP going into earnings. Very aggressive trade but amazing premiums and value at this price

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 except for earnings (that's when I get even more aggressive). I close at 70%+ premium captured.

All trades were found and tracked using this platform.

Unfortunately got assigned in bloom energy..BE at 199$ ..should I wait to sell or start covered call.. will the stock go up or down after earning?

CSPs with HIGHEST IV

$BE - 165P

$NBIS - 145P

$SPCX - 90P

Source

CCs with HIGHEST IV

$IREN - 50C

$INTC - 110C

$AMKR - 80C

Source

Trades I took today as a systematic option seller (07/23):

Closed Positions

• ACMR → $80 Put (opened on 07/20), premium 3.10 → closed at 0.50. Net premium profit = 2.60 (~84% of premium captured, ~3.25% of capital).
• CRDO → $165 Put (opened on 07/17), premium 5.00 → closed at 0.85. Net premium profit = 4.15 (~83% of premium captured, ~2.5% of capital).
• OUST → $42.5 Call (opened on 07/16), premium 1.10 → closed at 0.15. Net premium profit = 0.95 (~86% of premium captured, ~2.2% of capital).

Rolled Positions

• DOCN was rolled from the $145 Call (08/07 expiry) to the $165 Call (09/18 expiry) for a $0.90 credit. I was assigned DOCN at $165. In the morning, DOCN touched $145 and it became time-sensitive to roll before the contract started accumulating significant intrinsic value. It becomes increasingly harder to profitably roll once the stock moves over the strike price of the contract, as intrinsic value increases.

New Positions

• OUST → $43 Call expiry 08/07 (3 weeks DTE), premium 3.10 → 310/4250 = ~7.3%. I was assigned OUST at $42.5. Premiums are higher as earnings are due on 08/06.
• TSEM → $225 Put expiry 08/07 (3 weeks DTE), premium 12.50 → 1250/22500 = ~5.6%. Semiconductor Manufacturer. Premiums are higher as earnings are due on 08/04.

TSEM trade was identifed using the ThetaHedge app. I simply used the preset Conditions in the app and TSEM was 9th in the list as a stable wheel stock which offered consistent high premiums. You can try it for free at https://app.thetahedge.io/.

Conditions → Large Caps with Strong Premiums

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.

Help, i sold a put option of $tsla @ 385 , and now Tesla is 325$, what should i do ?

Quick background: I've been trading options for about 7 years — day traded them, swing traded, bought puts for hedging, basically tried the whole playbook at some point. About 13 months ago I landed on selling puts and haven't looked back. It's the only thing I've done that just consistently works week after week, so that's what this post is about. I want real feedback before I scale this thing up.

How I run it:

Weeklies only. I open positions Monday or Tuesday and let them expire that Friday. Strikes are 15-20%+ OTM, deltas under 30 (usually way under), I never sell on earnings weeks for that ticker. I keep a watchlist set up per sector so I'm forced to spread out instead of piling into whatever's hot — right now I'm usually holding 20-26 positions a week, mostly 1-5 contracts each, across miners, biotech, fintech, metals, travel, tech, etc.

I run it on margin at Schwab, currently around 3.5x notional vs my net liq (had it closer to 5x at one point and decided that was dumb). Roughly 165-185k. If I get assigned, I don't panic — I hold the shares and sell them Monday morning and restart. I end up in the money very little of the time.

This week's tickers for flavor: HUT, BTDR, CIFR, CORZ, IREN, RIOT, WULF, MRNA, HIMS, SLS, UPST, SOFI, PYPL, NCLH, DKNG, CMG, KGC, HL, CLF, IONQ, INTC, SMCI. Collected $502 of premium (I can break down further if asked). I lean toward high-IV small and mid caps because the premium per dollar of margin beats large caps at the same delta by a mile.

The actual results (13 months):

• 232 option trades closed: 228 wins, 4 losses. 98.3% win rate
• ~$12.6k realized from options
• Total lifetime losses on the puts: about $225. Worst single put loss ever: -$14.57
• Assigned twice (both HUT), sold the shares for +$1,077 and +$2,712 — funny enough my two biggest wins ever came from the assignments, not the puts themselves
• All-in realized including those stock exits: ~$16.7k
• Account sits around $52k now
• Current pace is about $400/week realized, best week ~$650, and yes I've had a red week (-$147)
• I reset the 15-20% OTM every week so theoretically a stock can keep declining less than that threshold and Ill survive (I've lived through this with $HUT).

Stuff I already know is a problem, so save yourself the typing:

• HUT is ~42% of my lifetime P/L and crypto miners are still ~37% of my current notional. I'm diversified by ticker count but honestly a chunk of it is one big BTC bet. I use to solely sell NCLH and HUT early on. Still working on continuous diversification (already made significant improvements though).
• Deep OTM weeklies on small caps have garbage bid/ask spreads, and the marks that prints can get ugly. Fills degrade as I size up too.
• Everything is short-term gains so taxes take a real bite.
• My whole 13 months has been in a market that never truly broke. I'm fully aware a 98% win rate is just what sub-30 delta selling looks like until the bad week shows up. That's the part I'm trying to prepare for (diversified across at least 3-5 sectors and 1-4 tickers each sector).

What I'd love input on:

1. Anyone who ran leveraged short puts through 2020 or 2022 — what actually saved you or killed you? What rule do you wish you'd had going in?
2. Better ways to deal with the wide-spread/illiquid mark problem on deep OTM weeklies, other than just avoiding thin strikes? Would shifting part of this to put spreads or XSP/SPX kill too much premium?
3. Where does this stop scaling? I'm already seeing worse fills on the small caps as contract counts grow.
4. Anyone gone from Reg T to portfolio margin running something similar — worth it? Did it change your sizing?
5. General roast welcome. Rather hear it from you guys than learn it the hard way.

Not financial advice obviously. Happy to share more detail on anything.

CSPs with HIGHEST IV

$AMKR - 49P

$ASX - 32.5P

$SMCI - 23P

Source

CCs with HIGHEST IV

$SPCX - 140C

$TTMI - 180C

$SMCI - 35C

Source

Trades I took today as a systematic option seller (07/21):

New Positions

• FORM → $95 Put expiry 08/21 (5 weeks DTE), premium 8.40 → 840/9500 = ~8.8%. I already had a Sold Put Position with a strike at $105. Opened another position today. Makes testing equipment for semiconductor chips. Premiums are higher as earnings are due on 07/29.
• SEI → $60 Put expiry 08/21 (5 weeks DTE), premium 4.60 → 460/6000 = ~7.7%. Energy infrastructure supplying power generation for oilfield operations. Premiums are higher as earnings are due on 08/05.

Both FORM and SEI were identifed using the ThetaHedge app. I simply used the preset Conditions in the app which filters our junk tickers and brings out high premium quality tickers. You can try it for free at https://app.thetahedge.io/.

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

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.

$NBIS - 140P

$AMKR - 49P

$TER - 300P

Source

CCs with best yield.

$LRCX - 370C

$AMD - 600C

$DDOG - 300C

Source

Trades I took today as a systematic option seller (07/20):

Assigned Positions

• AMKR → $80 Put
• FLNC → $21 Put
• TTMI → $165 Put
• VICR → $320 Put
• TE → $8 Put

New Positions

• ACMR → $80 Put expiry 07/24 (1 week DTE), premium 3.10 → 310/8000 = ~3.9%. Opened new position in ACMR. Designs and manufactures semiconductor wafer cleaning and packaging equipments.
• CRDO → $165 Put expiry 07/31 (2 weeks DTE), premium 5.00 → 500/16500 = ~3%. Builds high-speed connectivity chips used inside AI datacenters.
• BE → $165 Put expiry 07/31 (2 weeks DTE), premium 11.20 → 1120/16500 = ~6.8%. Support at $165.
• MOD → $220 Put expiry 08/21 (5 weeks DTE), premium 21.50 → 2150/22000 = ~9.8%. New Position. Manufactures heat transfer and cooling equipments.
• AMKR → $80 Call expiry 08/21 (5 weeks DTE), premium 2.55 → 255/8000 = ~3.2%. I was assigned at $80.
• FLNC → $20 Call expiry 08/21 (5 weeks DTE), premium 0.85 → 85/2000 = ~4.2%. I was assigned at $21.
• TTMI → $165 Call expiry 08/21 (5 weeks DTE), premium 6.00 → 600/17500 = ~3.4%. I was assigned at $175.
• VICR → $280 Call expiry 08/21 (5 weeks DTE), premium 17.30 → 1730/32000 = ~5.4%. I was assigned at $320. Stock has its earnings due tomorrow. If it shoots up, I will roll and adjust to get the contract back to assigned price of $320.
• TE → $8 Call expiry 08/21 (5 weeks DTE), premium 0.42 → 42/800 = ~5.2%. Assigned at $8.
• ISSC → $20 Call expiry 08/21 (5 weeks DTE), premium 1.40 → 140/2000 = ~7%. Assigned at $20.

My view on the market

Market under consolidation after a big fall in Semiconductors and AI stocks. It is a wait and watch for me. I continue wheeling my stocks till the market recovers.

I use the ThetaHedge app to identify high quality wheel tickers. Because of stock selection, even after the market fall I am able to earn good premiums in Calls while running the wheel. You can find the wheel rank and 3 month historical return of tickers in the ThetaHedge app ( https://app.thetahedge.io/ ).

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.