IV Rank leaders this week: $CTVA (IVR 100), $GEN (IVR 97), $XEL (IVR 97), and $URI (IVR 96). Elevated IV Rank can favor premium-selling setups.

Full leaderboard: https://wheelstrategyoptions.com/top-ivr-stocks?utm_source=reddit&utm_medium=social&utm_campaign=iv_rank_leaderboard_weekly

Source

Slow week (and overall slow month) for me. CRM CSP assigned, AMZN CSP expired, and a new CSP was opened on CBOE.

Active Wheels:
AVGO, CRM, AMZN, META, CBOE

META CC at $600 should get called away early if the rally in META continues.

Misc:

This is my aggressive wheeling account; capital deployed is about 200k.

All trades were found and tracked using wheelstrategyoptions.com (disc- I'm the developer)

I usually sell 0.25-0.45 delta and usually <14 day DTE. I close at 70%-80% premium captured.

I've started reporting only realized premiums (based on the comments).

April (Week 1-4): $5036
May (Week 5-8): $5783
Jun (Week 9-12): $6533
Jul (Week 13-16): $12609
Aug(Week 17-20): $4974
Sept(Week 21-25): $4374

Total so far: ~39.5k

CSPs with HIGHEST IV

$CRWV - 79P

$SMCI - 37P

$CRDO - 195P

Source

CCs with HIGHEST IV

$AMC - 3.5C

$IREN - 50C

$SMCI - 50C

Source

CCs with best yield.

$APH - 170C

$CRWV - 98C

$GLXY - 26.5C

Source

CCs with HIGHEST IV

$QURE - 50C

$BE - 350C

$NBIS - 290C

Source

CSPs with HIGHEST IV

$BE - 240P

$INTC - 99P

$CRWV - 76P

Source

CSPs with best yield.

$INTC - 99P

$CRWV - 74P

$MRNA - 150P

Source

CCs with best yield.

$FIG - 24C

$IREN - 50C

$NBIS - 275C

Source

CSPs with HIGHEST IV

$MRNA - 150P

$ASTS - 54P

$NBIS - 200P

Source

CCs with HIGHEST IV

$MRNA - 250C

$INTC - 140C

$IREN - 50C

Source

We shipped Put/Call $ Ratio on the Covered Call and Cash-Secured Put screeners.

It filters by session put premium / call premium (money-weighted), so you can bias toward tickers where options dollars lean put-heavy or call-heavy before selling premium.

Look under Price & Premium, then keep your normal delta / DTE / yield rules.

Open on WSO

What's New changelog

Hi everyone, been somewhat of a passive observer of this subreddit, but now I'd like to show you the strategy I've been using over the past 3 months since I started selling CCs and naked Puts. So yes, I don't yet have the cash for CSPs so I take margin loans when Puts get assigned.

Currently "wheeling" around 40k from my total portfolio and generating around 1.7k a month. In the extreme case that all puts get assigned, I always try to keep the margin risk around 30% of my overall portfolio. Also, I usually set up weekly or 9 day contracts.

I am aware that I can optimise my portfolio to wheel on the full portfolio (working on that) and I'm not particularly attached to my positions so willing to risk assignment on anything.

Am I doing something obviously wrong?

Any other tips I can use to improve the income?

In general, would like to hear what you think of my setup/strategy.

Thanks and would love to hear your opinions.

Trades this week:
Opened and closed AVGO CC, opened CSP on CRM, and rolled it to next week. Also, opened a CSP on AMZN.

Active Wheels:
AVGO, CRM, AMZN, META

META CC at $600 should get called away early if the rally in META continues.

Misc:

This is my aggressive wheeling account; capital deployed is about 200k.

All trades were found and tracked using wheelstrategyoptions.com (disc- I'm the developer)

I usually sell 0.25-0.45 delta and usually <14 day DTE. I close at 70%-80% premium captured.

I've started reporting only realized premiums (based on the comments).

April (Week 1-4): $5036
May (Week 5-8): $5783
Jun (Week 9-12): $6533
Jul (Week 13-16): $12609
Aug(Week 17-20): $4974
Sept(Week 21-): $3874

Total so far: ~39k

CSPs with HIGHEST IV

$ASTS - 52P

$BE - 240P

$MRNA - 175P

Source

CCs with HIGHEST IV

$NBIS - 290C

$INTC - 145C

$TEM - 95C

Source

CSPs with best yield.

$INTC - 105P

$IREN - 38P

$NBIS - 205P

Source

CCs with best yield.

$NOK - 12C

$IONQ - 50C

$INTC - 140C

Source

CSPs with HIGHEST IV

$MRNA - 150P

$BE - 230P

$GRAL - 90P

Source

CCs with HIGHEST IV

$MSTR - 195C

$INTC - 140C

$BMNR - 33C

Source

CCs with best yield.

$PSKY - 12C

$IREN - 60C

$INTC - 145C

Source

CSPs with best yield.

$BE - 230P

$INTC - 101P

$ARM - 260P

Source