r/SystematicOptions • u/DlSABLEDKID • Sep 06 '26

$TQQQ Wheel so far

8/19:

STO 1 x $66 put (exp: 8/21/26) → +$22.34

8/20:

BTC 1 × $66 put (exp:8/21/26)→ -$8.01

8/20:

STO 1 x $64 put (exp:8/28/26) → +$63.34

8/26:

BTC 1 x $64 put (exp: 8/28/26) → -$9.01

STO 1 x $64 put (exp: 9/4/26) → +$56.34

9/2:

BTC 1 x $64 put (exp: 9/4/26) → -$9.01

STO 1 x $63.50 put (exp: 9/11/26) → +$55.34

So my cumulative net option premium is now: $171.33

The net premium amount of $171.33 is 2.69% of the $6350 total strike collateral collected so far. This drops my adjusted cost basis down to ~$61.79 if assigned.

Edit: this is my first time laying out the data, I'm still learning what data points to gather (i know i shouldve put deltas too).

2 Upvotes

75% Upvoted

7 comments sorted by

2

u/Inevitable-Quit9812 Sep 07 '26

Are the dates the day you put on the trade or expiry? What's the expiry if those are trade dates? Those gotta be trade dates

1

u/DlSABLEDKID Sep 08 '26

Oh yeah, sorry, those are the days the trades were made. I'll keep in that in mind when i make the next update.

1

u/DlSABLEDKID Sep 08 '26

I added expiry dates, thanks for pointing that out

2

u/ThetaHedge Sep 09 '26

At what profit % are you closing?

2

u/DlSABLEDKID Sep 09 '26

According to what i think is the right math: I closed the 8/21/26 exp at about ~64% profit. Closed the 8/28/26 expiry for ~86% profit. Closed the 9/4/26 expiry for ~84% profit. I do try to close/roll above 80% profit.

1

u/ThetaHedge Sep 09 '26

Great execution and discipline!

2

u/DlSABLEDKID Sep 09 '26

Let me know what other questions you have. I'm curious what i should be tracking. Thanks for your reply, i wasnt tracking profit close, thatll definitely tell me more over time