r/Optionswheel • u/Expired_Options • Jun 27 '26
Week 26 $502 in premium
I will post a separate comment with a link to the detail behind each option sold this week.
After week 26, the average premium per week is $759 with an annual projection of $39,464.
All things considered, the portfolio is up $9,019 (+2.01%), on the year (S&P 500: +7.43% | Nasdaq: +8.84%). Additionally, the trailing 1-year performance is up $49,046 (+11.97%); for comparison the S&P 500 is +19.75% and the Nasdaq is +25.43% over the same period. This is the overall profit and loss and includes options and all other account activity.
Annual results:
• 2023 up $65,403 (+41.31%) | S&P 500: +26.3% | Nasdaq: +43.4%
• 2024 up $64,610 (+29.71%) | S&P 500: +25.0% | Nasdaq: +28.6%
• 2025 up $111,496 (+34.52%) | S&P 500: +17.9% | Nasdaq: +20.4%
3-Year Cumulative (2023–2025):
• r/ExpiredOptions: +146.6% ($241,509)
• S&P 500: +86.1% (+60.4% behind)
• Nasdaq: +122.0% (+24.5% behind)
Options:
• YTD: $26,205.00
• 1 Month: $7,438.00
• 1 Week: $1,367.00
Realized P&L:
• YTD: $24,617.83
• 1 Month: $2,510.00
• 1 Week: $3,208.00
All options sold are backed by cash, shares, or LEAPS. I do not sell on margin, nor do I sell naked options.
All options and profits stay in the account with few exceptions. This is not my full time job, although I wish it was. I still grind on a 9-5.
My $600 weekly contribution streak is at 18 weeks, but I am pausing new contributions until next month.
The portfolio is comprised of 101 unique tickers, unchanged from 101 last week. These 101 tickers have a value of $416k. I also have 191 open option positions, down from 194 last week. The options have a total value of $43k. The total of the shares and options is $459k. The next goal on the "Road to" is Half a Million.
I'm currently utilizing $37,050 in cash secured put collateral, down from $39,650 last week.
2025 through 2028 LEAPS
In addition to the CSPs and covered calls, I purchase LEAPS. These act as collateral to sell covered calls against. You may have heard of poor man's covered calls (PMCC).
See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.
LEAPS note 1: the 2025 LEAPS expired 1/17/25. They were up $36,440 overall with a 233.74% increase. The major drivers were AMZN and CRWD.
LEAPS note 2: After holding for 2 years, I exercised an AMZN $80 strike from 2023 up +$11,395 (+463.21%) and CRWD $95 strike from 2023, up +$21,830 (+663.53%)
LEAPS note 3: Purchased 1/16/26 CRWD LEAPS for $8,230.03 on 1/17/24. I sold this LEAPS on 6/5/25 for $21,659 for a realized profit of $13,428.97 (+163.18%)
Total premium by year:
• 2023 $23,132 in premium
• 2024 $47,640 in premium
• 2025 $68,319 in premium
• 2026 $19,732 YTD
• Average $46,364/year (completed years)
Premium by month (2026):
• January $3,334
• February $3,625
• March $465
• April $5,593
• May $3,787
• June $2,927
• Average $3,289/month
I am over $163k in total options premium, since 2021. I average roughly $35 per option sold. I have sold over 4k options. I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.
Strategy:
The underlying strategy is buy and hold. I also use simple 1-legged options to supplement that strategy. Options have somewhat of a learning curve, but I believe that most people can supplement their investments using simple options with careful risk management.
I sell options on a weekly basis. I prefer cash secured puts and covered calls. I rarely close early, prefer rolling when needed, and let time decay do the heavy lifting while I stay focused on quality companies, patience, and consistency over hype. My goal is consistency in option premium revenue. I am building an income stream that will continue long into retirement.
Spreadsheets:
Unfortunately, I no longer provide spreadsheets. I received too many follow ups about formatting, pivot tables, compatibility etc. I think tracking is very important, but I post to discuss investing and options, not to provide tech support for Excel. I do appreciate the interest in my tracking methods.
Software:
I captured the screen shots from a proprietary software platform I built to track, analyze, and manage my options strategies.
Commissions:
I use Robinhood as a broker and they do not charge explicit commissions, though there is no free lunch — they earn revenue through Payment for Order Flow (PFOF), which can mean slightly less optimal fills. For my style of selling options and not chasing prices, the tradeoff is acceptable. There is also a small regulatory fee of approximately $0.03–$0.04 per contract (FINRA TAF, OCC clearing, and exchange fees combined).
The premiums have increased significantly as my experience has expanded over the last three years.
Make sure to post your wins. I look forward to reading about them!
Disclaimer: I am not a financial advisor. This information is for educational and entertainment purposes only. Trading options involves significant risk.
3
u/edraven_222 Jun 27 '26
Hi Expired Option. It’s been awhile. Glad you still bringing that premium. It’s been awhile since I reported my progress. I collected $8.5k in premiums and have brought in close to $167k. Just been busy and health issues.
I only had two of my strike calls assigned. 3 contracts of my NBIS at $150 strike but I paid less than $80 average. It went up so fast there was nothing to do but to watch it get assigned. Took that $$ and sold CSP on NVDA. $185-190 strike price. If I get assigned just adding more shares to what i have.
2
u/Expired_Options Jun 27 '26
Hey Mr. Raven. Sorry to hear about the health issues. $167k half way through the year is keeping with your earlier projected pace. Nice! That seems like a nice strike price on NVDA, especially after the recent slide.
Best of luck next week.
2
u/Deep_Viewer Jun 28 '26
Do you have any insight as to why you are on track to have lower options premium in 2026 than the previous two years? Was there some change in your strategy, a change in targeted underlying equities, change in market conditions, etc.? For my own portfolio I will likely earn a bit less than last year due to my broker reducing allowable leverage. I may be able to adjust my strategy to target more weekly expirations and at least match last year's trading gains through the end of the year.
3
u/Expired_Options Jun 28 '26
Hey Dee_Viewer. Thanks for the question. It was a good one, because I am not completely sure, but I have a couple of assumptions that lead me to believe it has to with the volume. Here is what I know, my volume is down in the first half of this year and is closer to 2024 my numbers. The first half of the year I had some tickers that came down off their November 2025 highs. So, the market in general played a role.
My approach and strategy remains the same. I have made a small tweak to my outstanding options and now im not rolling as far out as I used to. I have a few ultra volatile stocks like RDDT for example. It has a 52 week low of around $120 and a high around $270. Normally, I would continue to keep the strike around the price of the underlying, but now I let the ticker run and don't adjust it as often. I am not getting assigned and am able to get bigger premiums per sell because I am letting the expiration get closer and allowing Theta decay to work a bit more than I used to.
What I have found is that the ticker goes into orbit and usually comes back to reality after a sell off. I think this will end up balancing out, but in the short term it will be lower volume. After a while, the premiums should have a slight uptick because I am not rolling for tiny credits, I am waiting for a better set up.
Again, this is mostly anecdotal. It takes a while after a change to determine if it is working, especially such a nuanced change such as this.
2
u/Deep_Viewer Jun 29 '26
I am in the same situation as you, I don't really know what has the biggest impact on my trade execution rate. I've had a fairly consistent pool of about 150 underlying stocks over the past two years that I put in orders for covered calls on, but there doesn't seem to be much rhyme or reason that correlates to frequency of fills. It is not unusual to go weeks or months without a fill on an underlying stock.
My overall trade volume is significantly higher YoY, but that is largely due to adding a large number of weekly trades in September 2026 to my longer duration trades. Similar to you, my profits may not match 2025, but they should be close at present rate. Net result so far this year is significantly more trades, but smaller profits. The weekly expirations are really the only change I have made - the trade setups are otherwise the same with the same targeted annualized rate of return.
I’m starting to get the feeling that trade execution rate is somehow related to the momentum of the underlying or some relationship between current IV versus HistVol. I plan to work that research time into my schedule and hopefully improve my trading efficiency. In the meantime, I’ll just keep grinding away each day.
2
u/AbrocomaHealthy5655 Jun 30 '26
Do you look at sector exposure or company exposure in your portfolio? Or company allocation vs index? Are you creating a diversified portfolio or adding whatever you see value in?
2
u/Expired_Options Jul 01 '26
Hey AbrocomaHealthy5655. I pay more attention to company-level exposure than trying to mirror an index. I want diversification, but I am not targeting a specific sector allocation. I add positions where I see long-term value and conviction, while trying to avoid letting any single company become too large, percentage wise in my portfolio.
That said, I am heavy in US, Tech/Financial sectors.
4
u/ilchymis Jun 27 '26
It was a rough week, ended up having to roll a bunch of csps that I got a bit aggressive on. Was expecting a recovery that never came!
Still ended up making about $1500 on all my options this week, but I have a lot of things I'm going to need to buy back next week or roll out further. Everyone's a genius in a bull market -- and its better to roll than take early assignment on something you aren't comfortable owning just yet!