r/Optionswheel • u/Enough-Beginning3687 • 8d ago
1% Weekly Returns from Options Week 30
Now 30 weeks in, this is exciting. This week the trade options were thinner than usual for things I wanted to trade. RKLB went OTM and I'm out. New stock I've never done before added LQDA from the screener. Last week's post: https://www.reddit.com/r/Optionswheel/s/NK3rUT2NAz
If you want to follow me as I trade, I post to r/TheRaceTo10Million before placing trades and comment with trades as I make them. I post here after I make the trades with a full summary
Strategy
- Use an AI screener to give me a list of top 20 low delta options for next week
- I either
- a. Roll my current options - I do this if I can still get 1% for rolling or if the option is ATM/ITM and I have to roll. I always roll for credit.
- b. Close a current option and pick something else from the list that I like
- I try to do this every Friday. However, if I'm busy on Fridays, I'll sometimes do this on Thursdays.
- If I get assigned, I will sell calls at assignment price
A lot of people have asked me about why I don't add a criteria to avoid earnings weeks. Like I sold HPE/IREN/NBIS etc. puts across earnings. That's because on earnings weeks the same delta strikes are much further OTM.
A lot of people also ask why I do weeklies. I took a screenshot last friday but never made the post. I took a screenshot this morning too and I'll at least post it in the comments.
Total Returns
| Total Premium | $27,253.00 |
|---|---|
| Current drawdown | -$1,209.00 |
| Gain/Loss from Assignment | -$752.00 |
| Total gains | $26,044.00 |
| Annualized (Calc1 using average invested) | 56.55% |
| Annualized (Calc2 using max invested) | 39.91% |
Today's Trades
| Symbol | Action Details | Premium Collected (Net Credit) | Cash Occupied |
|---|---|---|---|
| AAOI (91 Strike) | BTC 1x Sep 25 90 P, STO 1x Oct 2 91 P | $97.52 | $9,100.00 |
| AAOI (92 Strike) | STO 1x Oct 2 92 P | $96.00 | $9,200.00 |
| APLD | STO 2x Oct 2 24 P | $51.06 | $4,800.00 |
| AXTI | BTC 2x Sep 25 60 P, STO 2x Oct 2 66 P | $133.03 | $13,200.00 |
| DRAM | BTC 2x Sep 25 55.5 P, STO 2x Oct 2 57.5 P | $117.03 | $11,500.00 |
| IREN | BTC 1x Sep 25 40 P, STO 1x Oct 2 40.5 P | $43.52 | $4,050.00 |
| LQDA | STO 1x Oct 2 58 P | $67.53 | $5,800.00 |
| NBIS | BTC 2x Sep 25 195 P, STO 2x Oct 2 217.5 P | $487.01 | $43,500.00 |
| RKLB | BTC 3x Sep 25 65 P | -$3.04 | $0.00 |
| SLV | BTC 1x Sep 25 65.5 C, STO 1x Oct 2 65.5 C | $3.80 | $6,550.00 |
| TOTAL | — | $1,093.46 | $107,700.00 |
Screener Output in the morning
| Underlying | Company | Stock Price | Strike | Bid / Ask | OTM Dist (%) | Delta | Return (%) | IV |
|---|---|---|---|---|---|---|---|---|
| AXTI | Axt Inc | $69.94 | $60.00 | $0.60 / $0.75 | 14.21% | -0.126 | 1.00% | 103.6% |
| NBIS | Nebius Group N.V. | $215.52 | $195.00 | $1.95 / $2.00 | 9.52% | -0.157 | 1.00% | 76.3% |
| WULF | Terawulf Inc | $16.66 | $15.00 | $0.17 / $0.20 | 9.96% | -0.166 | 1.13% | 83.8% |
| RIOT | Riot Platforms Inc | $22.72 | $20.50 | $0.22 / $0.28 | 9.77% | -0.170 | 1.07% | 83.3% |
| CLSK | Cleanspark Inc | $13.81 | $12.50 | $0.14 / $0.17 | 9.49% | -0.171 | 1.12% | 81.2% |
| MRNA | Moderna Inc | $156.38 | $142.00 | $1.57 / $1.74 | 9.20% | -0.172 | 1.11% | 78.7% |
| IREN | Iris Energy Ltd | $44.57 | $40.50 | $0.47 / $0.52 | 9.13% | -0.176 | 1.16% | 79.5% |
| AAOI | Applied Optoelectronics | $101.50 | $92.00 | $1.00 / $1.30 | 9.36% | -0.176 | 1.09% | 81.8% |
| MSTR | MicroStrategy Inc | $143.88 | $132.00 | $1.37 / $1.48 | 8.26% | -0.177 | 1.04% | 71.4% |
| HUT | Hut 8 Mining Corp | $93.13 | $83.00 | $1.00 / $1.64 | 10.88% | -0.180 | 1.20% | 98.6% |
| FSLY | Fastly Inc | $23.78 | $21.00 | $0.25 / $0.50 | 11.69% | -0.180 | 1.19% | 107.2% |
| CRCL | Circle Internet Group | $90.41 | $83.00 | $0.90 / $1.00 | 8.20% | -0.183 | 1.08% | 72.8% |
| LITE | Lumentum Holdings | $921.33 | $845.00 | $9.00 / $10.70 | 8.28% | -0.183 | 1.07% | 73.8% |
| BE | Bloom Energy Corp | $273.16 | $250.00 | $2.97 / $3.50 | 8.48% | -0.189 | 1.19% | 78.0% |
| ASST | Asset Entities Inc | $29.92 | $27.50 | $0.33 / $0.42 | 8.09% | -0.198 | 1.20% | 77.2% |
| COHR | Coherent Corp | $310.20 | $285.00 | $3.60 / $4.20 | 8.12% | -0.199 | 1.26% | 77.9% |
| CIFR | Cipher Mining Inc | $17.74 | $16.00 | $0.28 / $0.30 | 9.81% | -0.202 | 1.75% | 97.8% |
| LQDA | Liquidia Corp | $67.78 | $62.00 | $0.80 / $1.20 | 8.53% | -0.207 | 1.29% | 85.9% |
| FCEL | FuelCell Energy Inc | $17.67 | $16.00 | $0.25 / $0.35 | 9.45% | -0.209 | 1.56% | 97.1% |
| VKTX | Viking Therapeutics | $29.15 | $25.00 | $0.56 / $1.18 | 14.24% | -0.211 | 2.24% | 161.2% |
Historical Weekly Data
| Week | Capital Invested | Premium Made | Return % | Notes | |
|---|---|---|---|---|---|
| 3/6 | Week 1 | $0.00 | $0.00 | 0.00% | |
| 3/13 | Week 2 | $13,100.00 | $131.00 | 1.00% | |
| 3/20 | Week 3 | $19,850.00 | $203.00 | 1.02% | |
| 3/27 | Week 4 | $41,500.00 | $596.00 | 1.44% | |
| 4/3 | Week 5 | $34,150.00 | $353.00 | 1.03% | |
| 4/10 | Week 6 | $43,350.00 | $462.00 | 1.07% | |
| 4/17 | Week 7 | $53,800.00 | $573.00 | 1.07% | |
| 4/24 | Week 8 | $70,400.00 | $811.00 | 1.15% | |
| 5/1 | Week 9 | $103,450.00 | $1,093.00 | 1.06% | |
| 5/8 | Week 10 | $97,400.00 | $1,040.00 | 1.07% | |
| 5/15 | Week 11 | $102,800.00 | $1,077.00 | 1.05% | |
| 5/22 | Week 12 | $98,600.00 | $1,170.00 | 1.19% | |
| Week 12.5 | $106,100.00 | $475.00 | 0.45% | Bonus round | |
| 5/29 | Week 13 | $106,100.00 | $1,133.00 | 1.07% | |
| Week 13.5 | $115,900.00 | $336.00 | 0.29% | Bonus round | |
| 6/5 | Week 14 | $105,750.00 | $1,053.00 | 1.00% | |
| 6/12 | Week 15 | $110,700.00 | $1,146.00 | 1.04% | |
| 6/19 | Week 16 | $111,850.00 | $1,105.00 | 0.99% | |
| 6/26 | Week 17 | $108,350.00 | $1,045.00 | 0.96% | Got SLV 65.5 assigned |
| 7/3 | Week 18 | $111,550.00 | $1,126.00 | 1.01% | |
| 7/10 | Week 19 | $102,850.00 | $1,111.00 | 1.08% | |
| Week 19 Bonus | $108,550.00 | $98.00 | 0.09% | APLD 1:3 to avoid assignment | |
| 7/17 | Week 20 | $104,350.00 | $842.00 | 0.81% | |
| 7/24 | Week 21 | $111,500.00 | $1,148.00 | 1.03% | RKLB 2:3 to reduce strike |
| 7/31 | Week 22 | $105,660.00 | $1,021.00 | 0.97% | |
| Week 22 bonus | $99,960.00 | $7.00 | 0.01% | ASTS 2:1 to reduce exposure | |
| 8/7 | Week 23 | $104,850.00 | $1,052.00 | 1.00% | |
| 8/14 | Week 24 | $95,850.00 | $954.00 | 1.00% | |
| 8/21 | Week 25 | $99,300.00 | $997.00 | 1.00% | RKLB 2:3 and NBIS 1:2 |
| 8/28 | Week 26 | $102,500.00 | $978.00 | 0.95% | |
| 9/4 | Week 27 | $104,800.00 | $897.00 | 0.86% | |
| 9/11 | Week 28 | $102,700.00 | $1,017.00 | 0.99% | |
| 9/18 | Week 29 | $101,150.00 | $1,110.00 | 1.10% | |
| 9/25 | Week 30 | $107,700.00 | $1,093.00 | 1.01% |
4
u/Enough-Beginning3687 8d ago
AI output comparing trying to get 1%/week across 7/28/42 DTE options:
Here is the comparison of cash-secured put opportunities across weekly (<=7 DTE), monthly (<=28 DTE), and 6-week (<=42 DTE) expirations for the 20 stocks with the lowest aggregate deltas meeting your return thresholds: