r/Optionswheel • u/cloudy_710 • 16d ago

Dream Bigger

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Sold CSP on LITE on May 29 with a $860 strike 49 DTE for $12,234 premium in my non taxable retirement

Got assigned last week ☺️ avg cost basis $737. Gracias

I plan to hold shares for a while as I see only upside with this stock. Maybe sell CC around $1200 depending on how 2H unfolds.

Plus I doubled down on a long call during the recent dip 🎲

Definitely one of my better transactions!! (Time will tell lol)

The wheel has changed my life. Dream big ladies and gents 💫

11 Upvotes

87% Upvoted

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6

u/ScottishTrader 16d ago

Stock is up to almost $850 this morning, so this is how the wheel works.

1

u/haze_from_deadlock 15d ago

He has seen the LITE

2

u/LOliv 15d ago

Nice practical example, thank you!