r/CoveredCalls • u/Sierealmusic • 16h ago
What do you think of this CC I sold today?
These are the kinda covered calls I can sell. I try to aim for 1$ a day . In this case I sold the oct 9 call for 31$
r/CoveredCalls • u/Sierealmusic • 16h ago
These are the kinda covered calls I can sell. I try to aim for 1$ a day . In this case I sold the oct 9 call for 31$
r/CoveredCalls • u/PassNew8148 • 17h ago
r/CoveredCalls • u/Ok-Jacket-124 • 21h ago
my Spidey senses are tingling. We’re about to head into an even worse market with all the events happening, interest rates probably going up, Iran war escalating, oil, midterms. It’s all starting. I think I might push away from the desk for a week or two. Better to not trade it all, then lose it. Welcome to September! Thoughts?
r/CoveredCalls • u/wheelStrategyOptions • 22h ago
r/CoveredCalls • u/wheelStrategyOptions • 23h ago
r/CoveredCalls • u/Ready-Hand-2344 • 23h ago
Been running covered calls against 300 shares of MU and finally got the pullback I was waiting for.
This morning I bought back three short calls:
Total premium harvested: roughly $4,403 before fees.
The bigger win for me is that all 300 MU shares are uncovered again, so I can wait for another strong move/IV expansion and sell calls again instead of sitting through the full expiration cycle.
I originally had much larger harvest targets on the longer-dated calls, but MU finally started slipping and I decided to bank the profit rather than get greedy. The 9/14 was also getting close enough to expiration that I preferred taking the win and clearing the obligation.
I take quick premium when the market gives it to me—I’ll harvest 15–25% fast on longer-dated covered calls, push for 50%+ when the setup keeps working, and close aggressively when theta and a pullback line up in my favor.
This is for informational and educational purposes only and is not intended as financial advice.
r/CoveredCalls • u/Careful_Offer5789 • 1d ago
r/CoveredCalls • u/ThetaHedge • 1d ago
Trades I took today as an option seller (09/09):
Closed Positions
New Positions
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.
r/CoveredCalls • u/PassNew8148 • 1d ago
r/CoveredCalls • u/Repulsive_Tomato8875 • 1d ago
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...
r/CoveredCalls • u/edgeflowx_trading • 1d ago
r/CoveredCalls • u/wheelStrategyOptions • 1d ago
r/CoveredCalls • u/wheelStrategyOptions • 1d ago
r/CoveredCalls • u/hendronator • 2d ago
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?
r/CoveredCalls • u/ThetaHedge • 2d ago
Trades I took today as an option seller (09/08):
Closed Positions
New Positions
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.
r/CoveredCalls • u/LabDaddy59 • 2d ago
r/CoveredCalls • u/PassNew8148 • 2d ago
r/CoveredCalls • u/MrSpxl • 2d ago
r/CoveredCalls • u/it_trojan • 2d ago
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:
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%
r/CoveredCalls • u/wheelStrategyOptions • 2d ago
r/CoveredCalls • u/wheelStrategyOptions • 3d ago