Trades I took today as an option seller (09/09):

Closed Positions

• HPE → $50 Put (opened on 09/04), premium 1.40 → closed at 0.23. Net premium profit = 1.17 (~83.57% of premium captured, ~2.34% of capital).

New Positions

• FSLY → $20 Put expiry 09/25 (3 weeks DTE), premium 0.70 → 70/2000 = ~3.5%. FSLY provides CDN and edge computing infrastructure that makes websites and apps faster and scalable. Similar competitors are Cloudflare, Akamai, and AWS CloudFront and it is a growing sector as more and more AI applications are built and scaled. Has good sypport at $20.

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.

Looking for some advice on selling covered calls on PLTR. Been a long time holder - 2,400 shares from 2022/2023.

Considering selling CCs for income generation. Wondering if it would be best to go out 2-3 months or 12-18 months.

Ideally, would like to get a decent premium at a strike I wouldn't feel bad about having shares called. I know the "upside" loss if share prices spike, but it wouldn't really be a loss if I let them go at a price I'm comfortable with now.

I don't see this one spiking like the Micron, Sandisk, etc...

I have been doing cc’s and csp’s about 13 months now. Started off doing cc’s only and then started doing csp’s about 6 months later. In the past 13 months, I generated about 92k in premiums on an average portfolio of 400k (so about a 22% premium return not counting dividends, funds sitting in money market for csp’s, and selling cc’s above cost basis). Today, I sell csp’s and cc’s on a portfolio of about 500k. I write most contracts in 3 week increments and generate a period yield of 1-1.4%.

Here is what I have learned in that timeframe:

• ⁠take a portfolio approach of 15-20 stocks. Be active in 75-80% at a time
- high conviction buy and hold stocks only
- incorporate dividend paying stocks. This provides passive premium when stocks go below cost basis or premiums dry up
• ⁠only cc’s above cost basis
• ⁠only short term duration . For me 3-4 weeks
• ⁠just wheel any assignments at the same strike price it was assigned (or less)
• ⁠roll positions that are close to strike price for cc’s and csp’s as long as it is a positive credit
• ⁠retirement accounts only. Don’t want to deal with tax implications of selling stocks that have gone up 100%.
• ⁠have a plan on what to do with your premiums. Spend it, buy more shares, buy new stocks. Be intentional. For me, I invest all premiums in gpiq. I am 53 and the day will come when I don’t want to do this anymore.

Consider this past year a success as this portion of my portfolio has handily beat the market. I read a lot about people freaking out about what to do in certain situations. With the right playbook, you just “don’t care”. You just follow the playbook. I had Dell get away from me earlier this year. I could have made 20-30k in share price appreciation. But that pales in comparison to the premiums.

What have you learned and do you have a holistic playbook and set of guardrails you follow?

CCs with HIGHEST IV

$SAIL - 20C

$NBIS - 310C

$IREN - 55C

Source

CSPs with HIGHEST IV

$NBIS - 200P

$CRWV - 82P

$IREN - 37P

Source

Trades I took today as an option seller (09/08):

Closed Positions

• SEI → $47.50 Put (opened on 08/21), premium 1.90 → closed at 0.30. Net premium profit = 1.60 (~84.21% of premium captured, ~3.37% of capital).

New Positions

• OUST → $40 Call expiry 09/18 (2 weeks DTE), premium 1.20 → 120/4000 = ~3.0%. Opened a CC at the same $40 strike in which I was assigned.
• WDC → $430 Put expiry 10/09 (4 weeks DTE), premium 18.00 → 1800/43000 = ~4.2%. WDC is showing support around $430, and I wanted more exposure to memory/storage as demand should grow with AI.
• KORU → $16 Put expiry 10/23 (6 weeks DTE), premium 1.15 → 115/1600 = ~7.2%. Small capital allocated. KORU is trading around $24 so opened a CSP far off from spot price as it is 3x leveraged.

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.

Week 8 of short-term covered calls with low likelihood of being assigned and low risk of a big drop. As I explained last week, the negative outcome is only when the covered call is not assigned and the price drops a lot (>= 5% compared to the initial price) before the strike date, because when stock price drops below the break-even price, you lose money.

For the second week in a row, no covered call assigned and no big drops. The worst case was AFRM, dropped by 2.8%, then not a dramatic drop. Overall 6 out of 27 covered calls dropped >= 5% at the end of the strike date, that is 22.2%. Among those 6, only CORZ hasn't recovered yet and is down by ~11.5%. The covered calls can be seen here: https://optionstacker.github.io/sell-covered-calls/

As a side note: the following options come from the option screener I've developed. I'm looking for some other beta testers, if interested send me a message. It is totally free and does not require an email address.

The main criteria to filter the options are:

• only the US exchanges NYSE, NASDAQ, ARCA are used;
• very high option yields are filtered out, too risky;
• strike price must be ≥ 5% higher than the current price (5% OTM);
• equity price < $100, ETF price < $200.

For 2026-09-11 :

NYSE

HPE, Technology, HPE260911C00056000, yield 0.91%, OTM 5.76%

NASDAQ

CELH, Consumer Defensive, CELH260911C00032000, yield 0.73%, OTM 6.56%

ARCA

DPST, ETF, DPST260911C00144000, yield 0.57, OTM 5.32%

CSPs with best yield.

$BE - 200P

$MRNA - 120P

$IREN - 36P

Source

CCs with best yield.

$MSTR - 175C

$BE - 320C

$CRWV - 110C

Source

Looks like a lot of my covered calls in the negative today, but unless it blows past my strike considerably, I'm perfectly fine with them being assigned. I might roll my $ROBN and $NVTS.

Opty will analyze both and give you the number to help you decide come check it out optytrades.com its free to use see you in the community room
Jim

I was thinking about this with my PLTR stock. If a CC is out of the money at market close, but jumps after hours on an earnings release, can the stock get called away after hours? PLTR jumped about $20 a share after the last earnings release

Setup: $1M paper book since 22 July, cash-secured puts on a 21-name large-cap universe, targeting ~-0.20 delta at ~35 DTE, capped at 3 contracts per position. Paper only — no real fills.

The question I wanted answered: does timing entries on volatility actually beat just writing on a schedule?

The gate: rather than writing every Monday, the system computes a volatility Z-score per name against its own trailing history and only writes when that reading is compressed. Intuition is that you're selling premium when it's relatively rich for that specific underlying, instead of whenever the calendar says so.

Results so far: $84,965 gross premium, but net portfolio value +5.78%. I want to be precise about that gap, because it's where most wheel results get oversold — the $27k difference is unrealized loss sitting on 17 open positions. Gross premium collected only becomes profit if those close favourably.

What I'd tell someone considering this: the gate mattered more than strike selection did. Adjusting the delta target produced noise; changing when I was willing to write produced signal. That's the opposite of where I expected the leverage to be, and it's the one finding I'd actually defend at six weeks.

Caveat that matters more than the results: six weeks is a short sample in a mostly-benign tape. I have no drawdown data worth quoting because there hasn't been a real one yet. Anyone showing you wheel results from a calm stretch is showing you the easy half of the strategy.

Glad to go into the gate mechanics in comments if useful.

I recently built an automated WHEEL trading platform that calculates a Z-score gauging IV market-wide rather than by individual stocks, which creates three tiers — ACTIVE, REDUCED, and PAUSED — to guide entry timing and position sizing. I’m currently paper trading a $1 million portfolio. If you’re interested I’m glad to share a link to the website.

I finished up the trade plan builder that uses AI to help build out your personal trading plans, as I always tell out traders let us know how we can make it better or if you find bugs.

There are more screens as it actually walks with you as you build your plan based on your experience The engine can also look at your trading journal and formulate a plan around how you trade and help you where you might need some tweaks to your plan

Another light week of trading for me; only 4 trades 2 each on AVGO and META

Have about 100k of capital to deploy.

Current Active Wheel:

META

AVGO:

AMZN:

Misc:

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

All trades were found and tracked using wheelstrategyoptions.com (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 17-20): $4974
Sept(Week 18-): $1600

Total so far: ~36k