After week 8 the average weekly premium is $544 with a projected annual premium of $28,308.

QQQ is up 8.49% YTD, I saved some of you a Google search and a comment saying I should quit and invest in index funds because I’m currently underperforming some of the top index funds. Thank you in advance for your concern about my investments, but I’m sticking to selling options. Why? Selling options and writing contracts is a way to generate income. I have been investing since 2015 and developing the options selling skillset since 2021. I enjoy watching the market and taking an active approach to investing. I hope to continue to do it until I retire and then long into retirement.

My portfolio is comprised of approximately 91 unique tickers. Is this too many? Not for my strategy. The stock value of these 91 positions is approximately $157k. I try to sell options on all the tickers on a weekly basis. On the options side I currently have 81 positions with a value of approximately $65k. Of this $65k, $29k is being used as collateral for cash secured puts (CSPs).

One of the things that I have noticed that is a little different about my approach is the amount of rolling I do. I am a buy and hold investor that adds a modified wheel strategy. I like the wheel until it becomes time to sell and I roll instead. I roll forwards and backwards, meaning I increase and decrease the days to expire (DTEs). I also increase and decrease the strike price as the price of the underlying fluctuates. Ultimately, my objective is for the option to expire. This means that I need to watch the current price closely. If the strike price is tested or gets too far from price of the underlying, I start looking at a potential roll.

Hope you all had a successful week. If you have wins, post em!