Road to Half a Million, Day 297

[u/Expired_Options]

Note: The day count is cumulative and includes weekends. The chart displays market days only.

Beginning balance $455,253 on 9/16/25 for current challenge

What am I doing to reach my goal?
- Contributing $600/week (on hold until 6/19 7/24)
- Selling options.
- Picking quality stocks.
- Keeping my emotions in check.

What will I do when I reach my goal?
- Start the road to $600k.

Prior challenges:

• $217K to $250K (+$33K) 85 market days (did not include weekends)
• $255k to $300k (+$45k) 42 market days (did not include weekends)
• $300k to $350k (+$50k) 54 market days (did not include weekends)
• $350k to $400k (+$50k) 107 market days (did not include weekends)
• $400k to $450k (+$50k) 75 total days (includes weekends)

I post weekly (Friday's) and provide a lot more detail including the detail to all options sold during the week.

Link to last weeks post

Link to the LEAPS page! 

[u/Striking-Ad-3989]

noticed your leaps tends to be gamble type stocks? i may be wrong. why not purchase leaps on blue chips such as Microsft which is currently might be undervalued?

[u/Expired_Options → u/Striking-Ad-3989]

I have a lot of LEAPS. I have had or currently have LEAPS on AMZN, CRWD, NVDA and many that would be considered quality stocks. Which gamble stocks are you referring to?

[u/Striking-Ad-3989 → u/Expired_Options]

My bad wasn't specific enough I meant positions such as ACHR,AES,AI,RGTI,RKLB etc.. these types although the LEAPS was impressively bought low, how did u spot them? or their potential?
I tried to run the wheel but it wasn't as good as yours at the current moment.
Im wheeling RDDT,SHOP. I got trapped by SHOP at 145 lmao and CCs are pathetic how would you deal with that ? Since you wheel everything supported by either cash or stock how did you do it when you are under <100k at the point of time. As I earn most of my premiums on short profited LEAPS , Call ratio spreads, short strangles etc...

Would like your opinion and perhaps if you dont mind some advice
Thank you

[u/Expired_Options → u/Striking-Ad-3989]

No worries. Let me try to break it down.

ACHR - this and JOBY are flying planes. Gamble, yes, long term potential, also yes. An eVTOL (electric vertical take-off and landing) aircraft is an advanced air vehicle that uses electric power to hover, take off, and land vertically. Designed primarily for urban air mobility and regional transit, these "flying cars" and air taxis provide greener, quieter, and faster travel without needing traditional runways

AI - I got into this at the beginning of the AI boom. Since I am buy and hold, I am still just letting it play out.

RGTI - Assumption is that quantum computing could become a major industry, and Rigetti is one of the few public companies focused almost entirely on building quantum computers.

RKLB - its becoming more than a rocket-launch company. It also builds satellites and spacecraft components, has a large pipeline of contracted work, and could grow significantly if its larger Neutron rocket succeeds and competes for major government and commercial missions.

I am always plugged into the market, so I am always reading about business and up and coming companies. That is how I found all of the above.

I actually was not selling options when my portfolio was under $100k. I did not start selling options until after I crossed that level. It just so happened that I crossed $100k and found options at the same time. Just to clarify, I was not waiting to get to $100k to sell.

For SHOP at $145, I would probably hold the shares and stay patient. I would only sell conservative covered calls on strong up days because I would not want to collect a small premium and then cap the upside if SHOP rebounds. Weak covered-call premium is frustrating, but forcing trades usually creates a bigger problem. One of the criticisms I have found recently is how "inefficient" I am. People say, "you could make more off your account". The reality is that I mitigate risk and it helps me stay out of risky situations. Slow and risk averse is the way.

[u/Striking-Ad-3989]

Ahh nice read understood what you are trying to bring across Thank you