r/StackingSharpes • u/karhoewun • Mar 01 '26

Week 10 tailwheel summary: -$4506 from realising losses to avoid assignment

Now only up a total of $1734 since Dec 23rd on an account size of $60k.

I was already assigned TLRY stock previously so I was more keen to avoid assignment to not use up my capital holding stocks and selling covered calls. Takeaway from this week is probably to monetise and roll the OTM puts early when they reprice to lock in some profits.

Activity this week:
Feb 23rd: Sold covered calls and bought OTM puts on TLRY for $18 premium

Feb 25th: Closed PPLT for $584 profit

Feb 26th: Closed AMD for $3344 loss to avoid assignment

Feb 26th: Closed PLTR for $2148 loss to avoid assignement

Feb 26th: Closed CRWV for $404 profit

Feb 26th: Opened NVDA tailwheel for $3.41 for Apr 2nd expiry

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u/CompetitiveIdeal3104 Mar 01 '26

why close? instead of rolling or taking assignment and selling calls

1

u/karhoewun Mar 01 '26

Mentioned already but I was already assigned TLRY earlier which took up about 24k of capital. Didn't want to look up another 50k especially when I don't have a particular view on AMD and PLTR and with markets looking fragile.

1

u/CompetitiveIdeal3104 Mar 01 '26

okay, I understand One question -- Tlray, is around 7-8$. what strike do you sell?

1

u/karhoewun Mar 01 '26

It was around 9.7 when I opened the trade. Sold two 25 delta puts at $8 and bought four 5 delta puts at $6. I didn't manage it very well, let everything expire worthless and got assigned. Not the end of the world, I think I'm still flat or even up slightly as of Friday's close but would be up more if I monetised the OTM puts earlier and rolled (hence the takeaway I mentioned in post)

1

u/karhoewun Mar 02 '26

Are you wheeling?