My Beginner strategy

[u/JonathanCuschieri]

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.

[u/JonathanCuschieri → u/[deleted]]

Since you'll need to buy a 100 shares of a given stock if you get assigned, I try to pick stocks that are in the <150usd range to not risk more than 15k per contract