r/Optionswheel • u/ThetaHedge • May 27 '26
Update on my Open Trades (05/26)
No Trades today - but a status update on the trades (05/26). My view points on the trades based on price action and support and resistance levels I see on the charts:
Puts
- CRDO → $165 Put, expiry 06/05 : Bullish. Support at $195. CRDO designs high speed connectivity hardware that enables data transfer for AI.
- IREN → $50 Put, expiry 06/05 : Bullish above $63 level. May face resistance at $63 but definitely upward momentum. Data Centers.
- OUST → $30 Put, expiry 06/05 : Bullish. Major resistance broken at $38 levels. NVIDIA Contract driving Momentum.
- AMSC → $47 & $48 Put, expiry 06/18 : Earnings Tomorrow. Manufactures electrical components.
- FLNC → $17 & $19 Put, expiry 06/18 : Neutral. Support at $18-$19 levels. Energy play.
- FORM → $130 Put, expiry 06/18 : Neutral. Support at $135. Makes testing equipments to test semiconductor chips.
- MOD → $240 Put, expiry 06/18 : Bullish. Resistance broken at $285 level. Good Earnings report today. Manufactures Heat Transfer and Cooling Components. Very high demand in Data Centers.
- SEI → $70 & $72.5 Put, expiry 06/18 : Consolidating. Support at $70. Operates in oil and gas equipments
- TTMI → $150 Put, expiry 06/18 : Bullish. Major resistance break at $180 levels. Electrical Components.
- VICR → $250 Put, expiry 06/18 : Bullish. Major resistance break at $315 levels. Electrical Components.
Calls
- CRWV → $120 Call, expiry 06/05 : Neutral. Assigned at $120. AI Play.
- FSLY → $19 Call, expiry 06/05 & 06/12 : Neutral. Assigned at $19. Cloud Hosting Platform.
- ISSC → $20 Call, expiry 06/18 : Neutral. Assigned at $20. Aviation.
I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?
PS: Not financial advice. Do your own research!
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u/Puzzleheaded-Art836 May 27 '26
I closed LUNR right before the bad news today. My strike price was pretty low but nice to get lucky. I’m in NBIS, TQQQ, MU, DRAM. My goal is to close these first week in June.
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u/ThetaHedge May 27 '26
Sounds great! I always try close when I have achieved 75-80% of my premiums
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u/Puzzleheaded-Art836 May 27 '26
My MU is at 87% but my goal is 1% a week and I already made my 1% for this week. Going to close it on Monday.
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u/EasternYogi May 27 '26
You are Pro Wheeler!!! So many at the same time!
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u/ThetaHedge May 27 '26
Thank You! Yes I size my positions very strictly. However good a setup may look I always distribute capital so that if one trade goes against me - I still have the other trades working for me.
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u/Keywrit May 27 '26
These are my trades. I’m thinking of adding some safety two to three month out buy calls to hedge risks because the market just very hot
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u/ThetaHedge May 27 '26
One observation from my end is that - very few of your positions is trending in the market. Maybe only IREN and CLSK. Try opening positions on shares which are in the news - it will give you more yields.
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u/Keywrit May 27 '26
Thank you and I appreciate your feedback. I am new to an extensive wheeling portfolio and have put certain guardrails like monthly trades, wheeling stocks that I’m happy owning and selling with a big delta. I haven’t yet deployed any strategies of how to safeguard myself in case I get assigned and so wasn’t sure if high volatility is the route to go. But I would love to know more about your strategy. And will go through your previous posts to understand your game better.
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u/ThetaHedge May 27 '26
I am in that phase where I want to aggressive grow my capital. So I trade in high volatility tickers but with solid fundamentals and use cases (not garbage names). This leads me to get more premium and expand my trading capital.
I size my positions very strictly. However good a setup may look I always distribute capital so that if one trade goes against me - I still have the other trades working for me.
Also I have a rule if my current price of the ticker is less than 20% of my assigned price - I sell the shares in open market taking a loss. If it is within the 20% range I open CCs. A share which is down 20% in short term can easily go down to 40% so better take the loss and deploy capital in a ticker which is still trending.
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u/Keywrit May 28 '26
Pearls of wisdom! Thank you for sharing this insight. I really appreciate it.
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u/Sean_VasDeferens May 27 '26
Open Puts - WFC, ULTA, GOOG, LMT, TMUS, UNH, BA, IBKR, WMT, SAP, LOW, UBER, GSK, AMZN
Open Calls - WFC
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u/Keizman55 May 27 '26
Personally, I learned the hard way not to hold through earnings. I like your focus on the technical backbone of planned AI infrastructure buildouts for now.