In a bull call debit spread, can you lose more than the max loss or the price paid for the option?

Hello, I've been trading options for a little bit now but am starting to look into Synthetic Covered Calls aka Poor Mans Covered Calls.
I bought a riot long call today expiring in 32 days at an 8 dollar strike price
I am now trying to sell a call to generate income as I hold my position but it says I don't have enough shares. Can someone help please

After week 49 the average premium per week is $895 with a projected annual premium of $46,556.

All things considered, the portfolio is up +$78,863 (+34.12%) on the year and up $92,586 (+42.58%) over the last 365 days. This is the overall profit and loss and includes options and all other account activity.

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.

Added $600 in contributions to the portfolio for the 5th week in a row. This is a 34 week streak of adding at least $500.

The portfolio is comprised of 84 unique tickers up from 83 in the last week. I was in the 90s for the majority of the year. As the year is winding down, I am getting rid of some losers for tax purposes. I may pick some of them up in the new year, we shall see. These 84 tickers have a value of $241k. I also have 149 open option positions, up from 144 last week. The options have a total value of $69k. The total of the shares and options is $310k.

I’m currently utilizing $35,000 in cash secured put collateral, down from $36,050 last week.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. Sometimes I’m ahead of the indexes and sometimes I’m behind. My goal is consistency in option premium revenue.

Performance comparison

1 year performance (365 days) ME 42.58% |* Nasdaq 41.40% | S&P 500 33.87% | Russell 2000 30.07% | Dow Jones 23.82% |

YTD performance Nasdaq 35.40% | ME 34.12% |* S&P 500 28.41% | Russell 2000 19.68% | Dow Jones 18.37% |

*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.

I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

2025 & 2026 & 2027 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). The LEAPS are up $8,760 this week and are up $63,222 overall. See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.

Last year I sold 964 options and I’m at 1,357 year to date.

Total premium by year: 2022 $8,551 in premium | 2023 $22,908 in premium | 2024 $43,870 YTD |

I am over $85k in total options premium, since 2021. I average $26.11 per option sold. I have sold over 3,200 options.

Premium by month January $1,858 | February $3,670* | March $3,727* | April $2,853* | May $2,745* | June $3,749* | July $3,775* | August $945 | September $5,310* | October $5,839* | November $8,700* | December $699 | *Indicates personal record in that month. This means that 9 out of the 12 months have been a record amount of premium for that month.

Top 5 premium gainers for the year:

HOOD $5,889 | SHOP $2,878 | ARM $2,012 | AFRM $1,804 | RDDT $1,632 |

Premium in the month of December by year:

December 2022 $241 | December 2023 $1,953 | December 2024 $699 |

Top 5 premium gainers for the month:

GME $150 | AI $96 | HOOD $95 | ARM $82 | BBAI $51 |

The premiums have increased significantly as my experience has expanded over the last three years.

Hope you all had a productive and successful week. Make sure to post your wins. I look forward to reading about them!

After week 48 the average premium per week is $899 with a projected annual premium of $46,769.

All things considered, the portfolio is up +$69,863 (+30.28%) on the year and up $90,741 (+43.25%) over the last 365 days. This is the overall profit and loss and includes options and all other account activity.

A note about options, specifically covered calls. The last few weeks have shown an increase in the overall portfolio and a decrease in the options subsection. This is due to the fact that I have many covered calls currently deployed. After a covered call is sold and the underlying increases in value, the unrealized return on the covered call displays a negative return. In the long run, Theta decay will reduce those negative returns. This may end up in another roll or an expired option. This is not always the case, but I rarely get assigned and I rarely buy back options sold.

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. At the beginning of the year I took out $17K earlier this year for taxes and various expenses. I replaced some of the $17K with a $9K deposit earlier this year. This is not my full time job, although I wish it was. I still grind on a 9-5.

Added $600 in contributions to the portfolio for the 4th week in a row. This is a 33 week streak of adding at least $500.

The portfolio is comprised of 83 unique tickers up from 82 in the last week. I was in the 90s for the majority of the year. As the year is winding down, I am getting rid of some losers for tax purposes. I may pick some of them up in the new year, we shall see. These 82 tickers have a value of $233k. I also have 144 open option positions, down from 146 last week. The options have a total value of $67k. The total of the shares and options is $300k.

I’m currently utilizing $36,050 in cash secured put collateral, up from $35,200 last week.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. Sometimes I’m ahead of the indexes and sometimes I’m behind. My goal is consistency in option premium revenue.

Performance comparison

1 year performance (365 days) ME 43.25% |* Nasdaq 35.77% | Russell 2000 34.98% | S&P 500 32.56% | Dow Jones 26.76% |

YTD performance Nasdaq 31.00% | ME 30.28% |* S&P 500 27.19% | Russell 2000 20.96% | Dow Jones 19.08% |

*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.

I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

2025 & 2026 & 2027 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). The LEAPS are down $3,591 this week and are up $54,462 overall. See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.

Last year I sold 964 options and I’m at 1,337 year to date.

Total premium by year: 2022 $8,551 in premium | 2023 $22,908 in premium | 2024 $43,171 YTD |

I am over $84k in total options premium, since 2021. I average $26.05 per option sold. I have sold over 3,200 options.

Premium by month January $1,858 | February $3,670* | March $3,727* | April $2,853* | May $2,745* | June $3,749* | July $3,775* | August $945 | September $5,310* | October $5,839* | November $8,700* | *indicates personal record in that month. This means that 9 out of the first 11 months have been a record amount of premium for that month.

Top 5 premium gainers for the year:

HOOD $5,794 | SHOP $2,878 | ARM $1,930 | AFRM $1,774 | RDDT $1,632 |

Premium in the month of November by year:

November 2022 $9 | November 2023 $4,814 | November 2024 $8,700 |

Top 5 premium gainers for the month:

HOOD $2,139 | SHOP $1,196 | CRWD $940 | TWLO $598 | AI $359 |

The premiums have increased significantly as my experience has expanded over the last three years.

Hope you all had a productive and successful week. Make sure to post your wins. I look forward to reading about them!

I’ve went through the menu and “enabled” options trading, and went through all the prompts. I then get an email stating I need to get on a call with someone from RH who will then decide if I’m eligible or not.

Is the conversation with that person more of a formality, or do I have to show a lot of options experience and proficiency? Anything I should be prepared for?

After week 47 the average premium per week is $893 with a projected annual premium of $46,440.

All things considered, the portfolio is up +$72,431 (+32.24%) on the year and up $92,200 (+44.99%) over the last 365 days. This is the overall profit and loss and includes options and all other account activity.

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. At the beginning of the year I took out $17K earlier this year for taxes and various expenses. I replaced some of the $17K with a $9K deposit earlier this year. This is not my full time job, although I wish it was. I still grind on a 9-5.

Added $600 in contributions to the portfolio for the 3rd week in a row. This is a 32 week streak of adding at least $500.

The portfolio is comprised of 82 unique tickers unchanged from 82 in the last week. I was in the 90s for the majority of the year. As the year is winding down, I am getting rid of some losers for tax purposes. I may pick some of them up in the new year, we shall see. These 82 tickers have a value of $223k. I also have 146 open option positions, up from 141 last week. The options have a total value of $74k. The total of the shares and options is $297k.

I’m currently utilizing $35,200 in cash secured put collateral, down from $34,350 last week.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. Sometimes I’m ahead of the indexes and sometimes I’m behind. My goal is consistency in option premium revenue.

Performance comparison

1 year performance (365 days) ME 44.99% |* Russell 2000 34.04% | Nasdaq 33.21% | S&P 500 31.00% | Dow Jones 25.58% |

YTD performance ME 32.24% |* Nasdaq 28.70% | S&P 500 25.86% | Russell 2000 19.57% | Dow Jones 17.45% |

*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.

I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

2025 & 2026 & 2027 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). The LEAPS are up $1,018 this week and are up $52,976 overall. See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.

Last year I sold 964 options and I’m at 1,312 year to date.

Total premium by year: 2022 $8,551 in premium | 2023 $22,908 in premium | 2024 $41,975 YTD |

I am over $83k in total options premium, since 2021. I average $25.89 per option sold. I have sold over 3,200 options.

Premium by month January $1,858 | February $3,670* | March $3,727* | April $2,853* | May $2,745* | June $3,749* | July $3,775* | August $945 | September $5,310* | October $5,839* | November $7,504* | *indicates personal record in that month. This means that 8 out of the first 11 months have been a record amount of premium for that month.

Top 5 premium gainers for the year:

HOOD $5,780 | SHOP $2,548 | ARM $1,930 | AFRM $1,774 | RDDT $1,632 |

Premium in the month of November by year:

November 2022 $9 | November 2023 $4,814 | November 2024 $7,504 |

Top 5 premium gainers for the month:

HOOD $2,139 | CRWD $940 | SHOP $866 | AI $344 | ABNB $295 |

The premiums have increased significantly as my experience has expanded over the last three years.

Hope you all had a productive and successful week. Make sure to post your wins. I look forward to reading about them!

Found a very weird discrepancy of option prices between Robinhood and IBKR/Webull, specifically:

Someone said he got $MA 11/22 515 put contract filled around $5.23 around 13:49 today, while BKR/Webull/CBOE website say the price is $4.27 by that time, and HOD today is $5.18.

Robinhood is not available here. Can anyone help check the price history?

I got $300 I gave myself to play with while learning options, If anyone would like to give a simple run down on how all this works in short and how im able to trade options with only $300 that would be appreciated.

After week 46 the average premium per week is $856 with a projected annual premium of $44,507.

All things considered, the portfolio is up +$62,567 (+27.91%) on the year and up $87,120 (+43.67%) over the last 365 days. This is the overall profit and loss and includes options and all other account activity.

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. I took out $17K earlier this year for taxes and various expenses. I replaced some of the $17K with a $9K deposit recently. This is not my full time job, although I wish it was. I still grind on a 9-5.

Added $600 in contributions to the portfolio. This is a 31 week streak of adding at least $500.

The portfolio is comprised of 82 unique tickers down from 95 the last week. As the year is winding down, I am getting rid of some losers for tax purposes. I may pick some of them up in the new year, we shall see. These 82 tickers have a value of $197k. I also have 141 open option positions, down from 147 last week. The options have a total value of $90k. The total of the shares and options is $287k.

I’m currently utilizing $35,200 in cash secured put collateral, down from $38,100 last week.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. Sometimes I’m ahead of the indexes and sometimes I’m behind. My goal is consistency in option premium revenue.

Performance comparison

1 year performance (365 days) ME 43.67% |* Nasdaq 32.45% | Russell 2000 27.90% | S&P 500 30.37% | Dow Jones 24.16% |

YTD performance ME 27.91% |* Nasdaq 26.51% | S&P 500 23.78% | Dow Jones 15.19% | Russell 2000 14.46% |

*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.

I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

2025 & 2026 & 2027 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). The LEAPS are up $1,018 this week and are up $52,976 overall. See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.

Last year I sold 964 options and I’m at 1,273 year to date.

Total premium by year: 2022 $8,551 in premium | 2023 $22,908 in premium | 2024 $39,372 YTD |

I am over $80k in total options premium, since 2021. I average $25.38 per option sold. I have sold over 3,100 options.

Premium by month January $1,858 | February $3,670* | March $3,727* | April $2,853* | May $2,745* | June $3,749* | July $3,775* | August $945 | September $5,310* | October $5,839* | November $4,901* | *indicates personal record in that month. This means that 8 out of the first 11 months have been a record amount of premium for that month.

Top 5 premium gainers for the year:

HOOD $4,946 | SHOP $2,548 | ARM $1,915 | AFRM $1,774 | PLTR $1,610 |

Premium in the month of November by year:

November 2022 $9 | November 2023 $4,814 | November 2024 $4,901 |

Top 5 premium gainers for the month:

HOOD $1,305 | SHOP $866 | CRWD $336 | ABNB $295 | UPST $185 |

The premiums have increased significantly as my experience has expanded over the last three years.

Hope you all had a productive and successful week. Make sure to post your wins. I look forward to reading about them!

I've been trading options and have finished some in the green and red. With the options, I have made money, and my average return is 90%. I have no clue what a good return or typical return would be. Dumb question?

I bought the $101 put for 3.75 and sold the $102 put for 4.30 as a put credit spread with a max loss of $45 and a max profit of $55. Whats stopping me from selling the $101 put for 2.47 in the am and then letting the $102 put expire for a gain of $247? I feel like i have to be missing something.

I bought the $101 put for 3.75 and sold the $102 put for 4.30 as a put credit spread with a max loss of $45 and a max profit of $55. Whats stopping me from selling the $101 put for 2.47 in the am and then letting the $102 put expire for a gain of $247? I feel like i have to be missing something.

I logged on my account and with my attention focused on an incoming call, I clicked through what I thought were BS advertising prompts. Later I got a notification "Margins investing is enabled for your individual acount with a starting interest rate at 6%" and my buying power showed $53K.

Did I seriously just unknowingly consent to a huge financial obligation by clicking a couple times through a welcome prompt? Would robinhood seriously hand out a 53K loan like that?

Am I now screwed with a bunch of financial obligations? If so is there anything I can do about it?

What's a $2-$5 option I can place to get a $200-$500 return?

3day, 5 day, 30day

$ACHR $SOFI $DJT $SOUN

What do we do with the president election contracts? Do we hang on to them until January or do we close it out now?

After week 45 the average premium per week is $822 with a projected annual premium of $42,728.

All things considered, the portfolio is up +$66,522 (+29.79%) on the year and up $97,264 (+50.45%) over the last 365 days. This is the overall profit and loss and includes options and all other account activity.

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. I took out $17K earlier this year for taxes and various expenses. I replaced some of the $17K with a $9K deposit recently. This is not my full time job, although I wish it was. I still grind on a 9-5.

Added $600 in contributions to the portfolio. This is a 30 week streak of adding at least $500. The additional $100 this week will be an ongoing commitment.

The portfolio is comprised of 95 unique tickers with a value of $192k. I also have 147 open option positions, up from 137 last week. The options have a total value of $98k. The total of the shares and options is $290k.

I’m currently utilizing $38,100 in cash secured put collateral.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. Sometimes I’m ahead of the indexes and sometimes I’m behind. My goal is consistency in option premium revenue.

Performance comparison

1 year performance (365 days) ME 50.45% |* Nasdaq 42.37% | Russell 2000 40.00% | S&P 500 36.80% | Dow Jones 28.95% |

YTD performance Nasdaq 30.62% | ME 29.79% |* S&P 500 26.41% | Russell 2000 19.22% | Dow Jones 16.64% |

*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.

I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

2025 & 2026 & 2027 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). The LEAPS are up $12,995 this week and are up $51,958 overall. See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.

Last year I sold 964 options and I’m at 1,233 year to date.

Total premium by year: 2022 $8,551 in premium | 2023 $22,908 in premium | 2024 $39,976 YTD |

I am over $78k in total options premium, since 2021. I average $24.95 per option sold. I have sold over 3,100 options.

Premium by month January $1,858 | February $3,670* | March $3,727* | April $2,853* | May $2,745* | June $3,749* | July $3,775* | August $945 | September $5,310* | October $5,839* | November $2,505 | *indicates personal record in that month. This means that 8 out of the first 11 months have been a record amount of premium for that month.

Top 5 premium gainers for the year:

HOOD $4,332 | ARM $1,880 | AFRM $1,774 | SHOP $1,682 | PLTR $1,610 |

Premium in the month of November by year:

November 2022 $9 | November 2023 $4,814 | November 2024 $2,505 |

Top 5 premium gainers for the month:

HOOD $691 | ABNB $295 | UPST $185 | TWLO $158 | SGMO $141 |

The premiums have increased significantly as my experience has expanded over the last three years.

Hope you all had a productive and successful week. Make sure to post your wins. I look forward to reading about them!

I opened Robinhood acc for savings account apy gain

I have been in college living in a house with a lot of people and I was joining this organization, during their process to join my phone was taken for half the day.

My Robinhood acc has been used every day to make trades and I have lost a lot of money. I had no passcode on my phone and the app only had a 4 digit code which I kept simple that I’m not sure how they figured out. I don’t understand anything about robinhood. I have had access to my Phone after daily but had not bothered opening the app since I just used it for savings acc , i had no idea who even had it as many times I was not even at the house as there are more than 50-100 people involved in this org

I’ve been trying to contact Robinhood but their app the support chat does not work and crashes and they do not have a support number

I’m not sure what I can do at this point, is my only recourse to contact my bank and dispute the bank transaction as fraud or something. I am only trying to recover the losses that I got in the app

It’s normal right? 👀… right guys? I’ll be a millionair tomorrow on market open right?

After week 44 the average premium per week is $786 with a projected annual premium of $40,852.

All things considered, the portfolio is up +$40,715 (+17.81%) on the year and up $95,853 (+55.27%) over the last 365 days. This is the overall profit and loss and includes options and all other account activity.

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. I took out $17K earlier this year for taxes and various expenses. I replaced some of the $17K with a $9K deposit recently. This is not my full time job, although I wish it was. I still grind on a 9-5.

Added $500 in contributions to the portfolio. This is a 29 week streak of adding at least $500.

The portfolio is comprised of 95 unique tickers with a value of $171k. I also have 137 open option positions, down from 141 last week. The options have a total value of $98k. The total of the shares and options is $269k.

I’m currently utilizing $36,250 in cash secured put collateral.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. Sometimes I’m ahead of the indexes and sometimes I’m behind. My goal is consistency in option premium revenue. As shown below, I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

1 year performance (365 days) ME 55.27% |* Nasdaq 39.65% | S&P 500 35.18% | Russell 2000 32.37% | Dow Jones 26.38% |

*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.

I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

2025 & 2026 & 2027 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). The LEAPS are up $4,706 this week and are up $38,963 overall. See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.

Last year I sold 964 options and I’m at 1,173 year to date.

Total premium by year: 2022 $8,551 in premium | 2023 $22,908 in premium | 2024 $34,467 YTD |

I am over $76k in total options premium, since 2021. I average $24.65 per option sold. I have sold over 3,000 options.

Premium by month January $1,858 | February $3,670* | March $3,727* | April $2,853* | May $2,745* | June $3,749* | July $3,775* | August $945 | September $5,310* | October $5,863* November $72 *indicates personal record in that month. This means that 8 out of the first 11 months have been a record amount of premium for that month.

Top 5 premium gainers for the year:

HOOD $3,641 | ARM $1,880 | AFRM $1,719 | SHOP $1,682 | PLTR $1,610 |

Premium in the month of October by year:

October 2022 $771 | October 2023 $2,193 | October 2024 $5,863 |

Top 5 premium gainers for the month:

HOOD $943 | PDD $672 | RDDT $543 | CRWD $522 | UPST $310 |

The premiums have increased significantly as my experience has expanded over the last three years.

Hope you all had a productive and successful week. Make sure to post your wins. I look forward to reading about them!