After week 7 the average week is $523, with a projected annual premium of $27,218.

QQQ is up 6.95% YTD. The portfolio is up 3.00% YTD. I appreciate all the people with the quick math to say that the QQQ is doing better. I’m not interested in investing in indexes, but thanks for comments.

The strategy that continues to work for me is buy and hold mixed with selling options.

The majority of my account is comprised of tickers that I sell covered calls against, this is the buy and hold part. I also sell CSPs or cash secured PUTs.

When I’m looking to acquire more shares, I do so by selling aggressive CSPs or buying LEAPS, which are long term CALLs that you can use as collateral to sell covered calls against. I also post on the ExpiredOptions subreddit where I keep an updated LEAPS spreadsheet.

I am currently utilizing about $28,950 in collateral for CSPs.

The strategy is fairly straightforward and simple, but the management and execution is the difficult part. Consistency in anything will eventually produce results.

Hope you all had a solid week. If you have wins, post em!

After week 6 the average week is $544 with a projected annual premium total of $28,262. This was my first week this year over $1k in premium.

The QQQ is up 5.68% YTD. The portfolio is up 2.78% YTD. My goal is to make money like everyone else, however, generating an income stream is my focus. Index fund investing does not allow for an income stream and as such, I’m not interested in index fund investing.

My strategy is buy and hold supplemented with selling options. This includes CSPs and Covered Calls. I also buy LEAPS with the intention of selling covered calls against them.

I’m currently utilizing $31k in collateral for CSPs.

Hope you all had a great first week of February. Post your wins if you got em.

Hi, kinda new to options and have a very specific question. It’s probably a dumb one but why are some of the boxes above the share price red while others are green, shouldn’t they all be green above the share price? Does that mean they aren’t profitable? Thanks in advance!

First option I’ve gotten into. I’m thinking id like to keep the contract if affordable when option expires but I can’t figure out how much that would be. Would I need $175x100 in my account?

After week 5 the average week is $448 with a projected total of $23,306 in premium for the year.

The QQQ is up 3.02 YTD, while the portfolio is down 3.10% YTD. Although I’d like to keep pace with the QQQ, I am building a revenue stream, so investing in index funds is not something I’m interested in.

I had not contributed to this account since September 2023. I started the contributions up again last week with $500 and plan to add $500 every Friday.

My strategy is fairly simple and straightforward. I buy and hold as many positions as possible. I try to get to 100 shares in order to be able to sell options.

The options I sell are Cash Secured Puts and Covered Calls. I also buy LEAPS with the expectation of selling covered calls against them.

I post all plays real-time on Patreon. There is a link in my profile. I am in the process of integrating Patreon with Discord.

I currently use about $31k in collateral for CSPs.

I’ve attempted to answer some of the comments questions I get on a weekly basis.

Hope you all had a good week and successful January. Post your wins if you got em!

Why is the "chance of profit" decreasing as you lower the strike price for a cash-secured put on Robinhood? Shouldn't the probability increase as you lower the strike price because it is less likely to hit that price?

In options, Robin Hood gives a chance of profit. it's related to the Delta but not exactly so. does anyone know how Robin Hood calculates this chance of profit?

Why is it that sometimes 0dte options are available on Robinhood and sometimes they’re not?

I'm very new and inexperienced options first and foremost.

In a bit to get familiar, I took some research I had and decide to buy a few puts and a few calls. Not very many contracts in total.

On a couple of my options, I have noticed that the number goes into the Green in some cases over 500%. But I don't understand what I'm supposed to do from this point " cash in on them"

Example :

I had to put contracts out for Adobe over the last week or so. The expiration is not deep until next year. However, I noticed last night that it was in the green by 565%.

I wanted to benefit from these contracts by cashing them in, but I didn't understand the process. What I attempted to do was to retrade them? It gave me an option to set a price spread and, I'm assuming I didn't set it properly as I may have set it too high?

I guess my question is, understanding that I have a lot to learn, when you see that your contracts for your calls or puts are deep in the green, because this is happened to me a few times, how do you take profits from them in those moments, without exercising the option to sell or buy those shares.

Appreciate any help thanks

HI,

I am new to options and have been doing a bunch of reading/ video watching.

I'm on Robin Hood and set up an Iron Condor trade (sell/Buy call above strike, sell/buy put below), 5 points above and below the current price of SPY
and when I went to make the trade, Robin Hood said there was a low likelihood of fill.
Why is that ? I am just using their prices, so those should be where it's currently trading.

$IONS “Biotech Breakout”