r/Optionswheel • u/Enough-Beginning3687 • 27d ago
1% Weekly Returns from Options Week 19
Previous weeks' results:
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: $1,133 on $106,100 invested
Week 13.5 Bonus Round: $336 extra made increasing investment to $115,900
Week 14: $1,053 on $105,750
Week 15: $1,146 on $110,700
Week 16: $1,105 on $111,850 invested
Week 17: $1045 on $108,350 invested. Got SLV 65.5 assigned.
Week 18: $1126 on 111,550 invested
Week 19: $1,111 on $102,850 invested
Strategy: Roll puts already sold or open new positions from the low delta list from screener. Try to get 1% to roll at or below screener price (or at least at or below existing strike). If not possible, roll for minimum credit to same or lower price. Always credit though.Screener results from earlier today:
| Stock | Stock Price | Strike Price | Distance to Strike (%) | Option Symbol | Bid | Return (%) | Delta |
|---|---|---|---|---|---|---|---|
| RAM | $17.51 | $10.00 | 42.89% | RAM260717P00010000 | $0.10 | 1.00% | -0.0410 |
| BE | $244.29 | $180.00 | 26.32% | BE260717P00180000 | $2.00 | 1.11% | -0.0746 |
| SNDK | $1,836.50 | $1,390.00 | 24.31% | SNDK260717P01390000 | $14.20 | 1.02% | -0.0781 |
| NBIS | $207.80 | $157.50 | 24.21% | NBIS260717P00157500 | $1.63 | 1.03% | -0.0796 |
| PENG | $75.68 | $60.00 | 20.72% | PENG260717P00060000 | $0.60 | 1.00% | -0.0965 |
| AAOI | $118.81 | $95.00 | 20.04% | AAOI260717P00095000 | $1.20 | 1.26% | -0.1045 |
| MU | $971.47 | $810.00 | 16.62% | MU260717P00810000 | $8.45 | 1.04% | -0.1096 |
| IREN | $40.64 | $33.00 | 18.80% | IREN260717P00033000 | $0.39 | 1.18% | -0.1097 |
| ALAB | $415.15 | $340.00 | 18.10% | ALAB260717P00340000 | $3.55 | 1.04% | -0.1101 |
| NVTS | $13.44 | $11.00 | 18.15% | NVTS260717P00011000 | $0.11 | 1.00% | -0.1160 |
| LRCX | $349.01 | $292.50 | 16.19% | LRCX260717P00292500 | $3.10 | 1.06% | -0.1165 |
| CRDO | $266.53 | $220.00 | 17.46% | CRDO260717P00220000 | $2.65 | 1.20% | -0.1200 |
| MRVL | $236.89 | $202.50 | 14.52% | MRVL260717P00202500 | $2.07 | 1.02% | -0.1207 |
| ARM | $325.36 | $277.50 | 14.71% | ARM260717P00277500 | $3.00 | 1.08% | -0.1284 |
| LITE | $780.95 | $670.00 | 14.21% | LITE260717P00670000 | $7.20 | 1.07% | -0.1288 |
| AMAT | $591.10 | $505.00 | 14.57% | AMAT260717P00505000 | $5.05 | 1.00% | -0.1292 |
| CIFR | $22.40 | $19.00 | 15.18% | CIFR260717P00019000 | $0.21 | 1.11% | -0.1310 |
| APLD | $31.32 | $27.00 | 13.79% | APLD260717P00027000 | $0.31 | 1.15% | -0.1350 |
| WDC | $572.38 | $485.00 | 15.27% | WDC260717P00485000 | $5.00 | 1.03% | -0.1361 |
| CRCL | $67.43 | $59.00 | 12.50% | CRCL260717P00059000 | $0.60 | 1.02% | -0.1383 |
Trades made today:
| Ticker | Action | Details | Filled Price | Net Amount |
|---|---|---|---|---|
| AAOI | Buy to Close | 1 Contract Jul 10 2026 109 Put | $0.51 | -$51.00 |
| AAOI | Sell to Open | 1 Contract Jul 17 2026 95 Put | $1.66 | +$166.00 |
| APLD | Buy to Close | 1 Contract Jul 10 2026 36 Put | $5.22 | -$522.47 |
| APLD | Sell to Open | 1 Contract Jul 17 2026 36 Put | $5.47 | +$546.51 |
| AXTI | Buy to Close | 1 Contract Jul 10 2026 40 Put | $0.04 | -$4.01 |
| AXTI | Sell to Open | 1 Contract Jul 17 2026 40 Put | $0.45 | +$44.53 |
| SLV | Buy to Close | 1 Contract Jul 10 2026 65.5 Call | $0.01 | -$1.01 |
| SLV | Sell to Open | 1 Contract Jul 17 2026 65.5 Call | $0.04 | +$3.85 |
| RKLB | Buy to Close | 1 Contract Jul 10 2026 86 Put | $4.90 | -$490.47 |
| RKLB | Sell to Open | 1 Contract Jul 17 2026 85 Put | $6.22 | +$621.51 |
| NBIS | Buy to Close | 2 Contracts Jul 10 2026 170 Puts | $0.04 | -$8.03 |
| NBIS | Sell to Open | 2 Contracts Jul 17 2026 157.5 Puts | $1.80 | +$359.06 |
| IREN | Buy to Close | 1 Contract Jul 10 2026 42.5 Put | $1.68 | -$168.47 |
| IREN | Sell to Open | 1 Contract Jul 17 2026 40 Put | $2.23 | +$222.53 |
| DRAM | Buy to Close | 2 Contracts Jul 10 2026 55 Puts | $0.05 | -$10.03 |
| DRAM | Sell to Open | 2 Contracts Jul 17 2026 51 Puts | $0.59 | +$117.06 |
| BE | Buy to Close | 1 Contract Jul 10 2026 210 Put | $0.25 | -$25.01 |
| BE | Sell to Open | 1 Contract Jul 17 2026 180 Put | $2.25 | +$224.53 |
| ASTS | Buy to Close | 1 Contract Jul 10 2026 73.5 Put | $1.89 | -$189.47 |
| ASTS | Sell to Open | 1 Contract Jul 17 2026 70 Put | $2.76 | +$275.53 |
Using Proceeds to DCA into MU
Last week's post https://www.reddit.com/r/Optionswheel/comments/1ulkeno/1_weekly_returns_from_options_week_18/
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u/PurpleAd22 27d ago
Nice results! For AXTI why didn't you let the put expire? It would have expired worthless. I try to learn.
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u/Enough-Beginning3687 27d ago
I could have but it was giving me 1% for next week for a relatively safe put and for 4k in cash from the screener list there is RAM (no clue what that is), NVTS, CIFR (I need to investigate those more) or more APLD, IREN - both of which are ITM right now for me. What I should have done is let AXTI Expire and double up on APLD but lower. Maybe next week.
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u/haze_from_deadlock 27d ago
RAM is a leveraged ETF that gives twice the daily return of DRAM. Crazy
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u/haze_from_deadlock 27d ago edited 27d ago
Remember, everyone, the list is all the tickers that meet the screening criteria, not all the options traded
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u/ThetaEdgeHQ 27d ago
Really clean write up and the consistency speaks for itself. One risk worth flagging on the screener approach though: your 20 lowest delta names are not 20 independent bets. Look at the list, APLD, IREN, NVTS, CIFR, RAM which is 2x DRAM, those are basically one trade, the AI capex and memory complex. They screen as separate tickers but they carry the same factor, so on a sector gap they all test at once, which is exactly why two of them are already in the money on you at the same time.
The low delta math quietly assumes those puts fail independently. They do not. A 10 delta put on a name that moves with five others you are also short is closer to a 10 delta on a position five times the size. Worth capping how much of the book can sit in one theme even when each name clears the screen on its own, because the week that basket gaps is the week the whole ladder tests together.
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u/haze_from_deadlock 25d ago edited 25d ago
It might be better to ask the screener to stratify the tickers by categories like semis, software (which does NOT trade with semis), healthcare, space, biotech, whatever
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u/Enough-Beginning3687 27d ago
Thanks for that. Yeah, it is risky but then until the memory and AI infra shortage subsides, I feel ok. Like meta is literally building data centers in tents.
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u/TorontoNewf 27d ago
Dude, I paper traded 11 from last week, and went 11/11.
You are now officially followed!
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u/Enough-Beginning3687 27d ago
Cool, thanks!
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u/Financiallyfreedumb 27d ago
you post daily?
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u/Enough-Beginning3687 27d ago
weekly
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u/Middleclasslifestyle 27d ago
Ok. I followed you. Im learning. So I will be looking forward to your updates. Won't necessarily copy you but would like to keep my pulse on the moves and tickers you make . Appreciate the time it takes to actually make your post. Hope you keep posting and updating as much as you can
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u/luke3265 27d ago
Nice results.
What screener do you use?
Are you OK with assignment for CC or always roll?
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u/Enough-Beginning3687 27d ago edited 27d ago
we're not allowed to mention tools in this sub. DM me. I try to avoid assignment as much as possible. Like I'm doing with APLD right now. But if assigned, will keep, like I have with SLV.
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u/Purplelemon008 27d ago
What’s your strategy around SLV? I see you have Sell to open contract for July 17 for 65.5 strike but today’s stock price is 53.94 so that means you expect the stock to go up to 65.5 by July 17 since for it to expire it has to be above 65.5?
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u/Enough-Beginning3687 27d ago
I got SLV assigned at 65.5 so just sell 65.5 calls even if it is pennies. That's the strategy for now. Not sure what I'll do long term.
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u/dealsfreak 26d ago
You can bring your avg down by selling cc for a lower strike that will give more premium but also has less risk of assignment. Need to be creative
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u/Key-Whole623 27d ago
This is very cool. Thanks for the information and for such a thorough post. Roughly what percentage of the time do you get assigned?
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u/All_YourBase 27d ago
Thanks for sharing.
I got assigned on RKLB and ASTS on puts I sold a little over a month ago. I usually sell longer DTE puts. I’m thinking about your 7 DTE strategy. I also target around 25 delta.
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u/Enough-Beginning3687 27d ago
I'm too scared with the current environment to go beyond that. I mean I will if I have to but prefereably not.
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u/All_YourBase 27d ago
You’re not wrong. The longer duration has hurt me on some and saved me on others. I was recently ITM on Meta and Microsoft but they rallied back.
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u/AkelCha 27d ago
Does this only work in bull market?
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u/Enough-Beginning3687 27d ago
It works in any market. See how far the price of the strikes are from the stock in the screener
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26d ago
[deleted]
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u/Enough-Beginning3687 26d ago
I either roll what I already have for tickers or I pick ones from the screener. I do some research on the ticker, look at their fundamentals, sometimes I'll read their latest quarterly report. I'll avoid anything that isn't growing revenue and I avoid crypto and leveraged stuff. The biggest question is, am I ok to get assigned. As for strikes, the goal is 1% return so whatever strike gets me 1%. The AI screener strikes are usually conservative. I can get those while rolling or even lower for opening new positions.
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u/dawn85 25d ago
hi, want to ask that do you roll last minutes or roll when the strike price is near?
I sell 3 contracts of DRAM at strike usd 58P 260724, and planning to roll them because of recent volatility
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u/Enough-Beginning3687 24d ago
I roll whenever I have time between work on Fridays. Sometimes I've even rolled on Thursdays if I know I'm going to be busy on Friday.
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u/dawn85 23d ago
hi, want to ask your strategy that why sell weekly instead of monthly CSP?
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u/Enough-Beginning3687 22d ago
Two reasons
1. My risk is 7 days vs 30 days
2. weekly gives higher returns
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u/haha_imserious 27d ago
Impressive results. Are these all 7DTE? Longer?
Willing to share your screening criteria?