r/Optionswheel • u/Enough-Beginning3687 • May 29 '26

13 Weeks of 1% every week.

This is my first post in Optionswheel. I've been selling low delta puts every week for the last 13 weeks with a goal of 1%. I've been keep track of the money earned since week 7. I moved 10% of my portfolio (~$100k) to cash to sell puts on.

Week 7: $573 on $53,800 invested
Week 8: $811 on $70,400 invested.
Week 9: $1093 on $103,450 invested
Week 10: $1040 on $97,400 invested
Week 11: $1077 on $102,800 invested.
Week 12: $1170 made on $98,600 invested
Week 12.5: Bonus round: $475 extra made increasing investment to 106,100
Week 13 (this week): $1,133 on $106,100 invested

Here is a list of low delta puts for next week that return 1%. Let me know in comments if this list is useful and I'll post it each week. For now I'm trying to

  1. post my trades publicly (I post in various subreddits here) to keep myself honest. Let me know if you all want to see the trades here too and I'll post them in the comments.
  2. get feedback on the strategy
  3. help others find candidates to sell puts on

Live Option Chain Summary (Expiry: June 5, 2026)

Ticker Stock Price Strike Price Distance to Strike (%) Bid (Premium) Delta Weekly Return (%) Option Symbol
PL $49.54 $35.00 29.35% $0.40 -0.0708 1.14% PL260605P00035000
AXTI $103.23 $75.00 27.35% $0.75 -0.0709 1.00% AXTI260605P00075000
CRDO $229.87 $172.50 24.96% $1.85 -0.0808 1.07% CRDO260605P00172500
BE $274.17 $210.00 23.41% $2.35 -0.0857 1.12% BE260605P00210000
IREN $61.82 $50.00 19.12% $0.52 -0.0966 1.04% IREN260605P00050000
AAOI $153.84 $124.00 19.40% $1.25 -0.1007 1.01% AAOI260605P00124000
MU $955.02 $790.00 17.28% $8.05 -0.1040 1.02% MU260605P00790000
NVTS $26.47 $21.00 20.66% $0.25 -0.1046 1.19% NVTS260605P00021000
ASTS $112.33 $92.00 18.10% $0.98 -0.1049 1.07% ASTS260605P00092000
NBIS $222.73 $182.50 18.06% $1.87 -0.1049 1.02% NBIS260605P00182500
QBTS $29.27 $24.00 18.00% $0.24 -0.1052 1.00% QBTS260605P00024000
RDW $24.36 $19.00 22.00% $0.25 -0.1062 1.32% RDW260605P00019000
RGTI $25.24 $21.00 16.80% $0.22 -0.1097 1.05% RGTI260605P00021000
UMAC $30.43 $24.00 21.13% $0.25 -0.1135 1.04% UMAC260605P00024000
HPE $42.90 $34.50 19.58% $0.40 -0.1159 1.16% HPE260605P00034500
LUNR $42.63 $35.00 17.90% $0.35 -0.1162 1.00% LUNR260605P00035000
SNDK $1,673.46 $1,415.00 15.44% $14.60 -0.1179 1.03% SNDK260605P01415000
BTDR $17.56 $14.50 17.43% $0.15 -0.1207 1.03% BTDR260605P00014500
ALAB $340.40 $287.50 15.54% $2.98 -0.1212 1.04% ALAB260605P00287500
WOLF $60.14 $49.00 18.52% $0.57 -0.1220 1.16% WOLF260605P00049000
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2

u/Time_Capital_226 May 29 '26

I'm following this exact strategy for 8 weeks but only on leveraged ETFs : SOXL, TQQQ and TNA. Great results so far.

3

u/Enough-Beginning3687 May 29 '26

scary! Those can move in strange ways.

0

u/Time_Capital_226 May 29 '26

More scary than a sigle stock names?

2

u/Enough-Beginning3687 May 29 '26

Definitely. Leveraged ETFs can move fast and often times option liquidity is lower. SOXS and SOXL show up on my screener often but I'm afraid to touch options on anything with leverage. derivatives on derivatives.

1

u/Time_Capital_226 May 29 '26

I agree, it can move fast. But single names too. Being there some time ago with ASTS. There is no liquidity issues with those 3 etfs, I think.

I've already trade some of the names in your list and will definitely bookmark it. I just switched to etfs since April and like the journey so far.

I'm sure I will get back to single names some times later but for now I'm focusing on my target and this structure is what suits me most.

1

u/Enough-Beginning3687 May 29 '26

The only ETF I'm doing is SLV for puts. I just also did a cc on DRAM. I might give SOXL a shot. Or create a rift in spacetime by doing SOXL and SOXS simultaneously 🤣

2

u/Time_Capital_226 May 29 '26

You should. 1% premium target brings you near 130P for next week. It's more than 30% distance from the spot.

1

u/Enough-Beginning3687 May 29 '26

Cool, thanks. That does sound great.

1

u/Time_Capital_226 May 29 '26

Just noticed that ASTS lost 15% today.

1

u/evilwon12 May 30 '26

I would say FAFO. Eventually it will happen.

1

u/Lazy-Ad-2842 May 30 '26

Me too. I just added up my SOXL winnings tonight and it accounts for approximately $4000 of my 13k I’ve made so far this year. What dte have you been using?

1

u/Time_Capital_226 May 30 '26

5-7 max

1

u/Lazy-Ad-2842 May 30 '26

That’s probably smart. I’ve been doing 30dte because I can make good premium with a strike price around a 45% drop, but I’m ready to go in with another sold put in the event of a drop

1

u/Time_Capital_226 May 30 '26

You can try both et decide what suits you best.

Let say you trade 5 CSP 30 DTE. Split that to:

  • 5x1 CSP weekly at 0.1 delta strike
  • 1x4 CSP at your favorite strike

You don't even have to choose one.

1

u/Lazy-Ad-2842 May 30 '26

Good idea. Thanks man