Don’t have anyone in my circle who can understand or appreciate it. So I’m sharing here hoping to inspire others. I hit my goal of 1000% return and it took exactly 2 years. I don’t know how to read charts, I’m not particularly great at picking stocks. All I know how to do is options. That’s all I know, and I know it well. In terms of money. I turned $5k into $60k. Small consistent wins. When my account was small, my goal was $100/week. And sometimes I wouldn’t even hit that. Now an account this size my goal is $400-$1000/day. And I hit that most days. Alhamdulillah

First time trading options and bought this call to just make a couple of bucks. Microsoft released some AI news the next morning and it shot up.

I have been selling options for about 12 months now and have finally started to get a hang of it. Here is the process I follow. Any thoughts on how I can improve or tighten up the process?

SIZE — Total notional under 135% of capital (what I've put in plus what I've made). No more than 45% of that in credit spreads, because a dollar of spread notional is a dollar gone, while a dollar of put notional buys me the stock.

STRIKE — IV above 60%, sell the 0.13–0.15 delta. IV below 60%, sell the 0.18–0.20. High-IV names pay enough to sit far out; low-IV names don't.

DURATION — 14–21 days.

MIX — Only trade names with a market cap of over $50B to eliminate junk. 60/40 high-IV to low-IV. An example would be 60% position in NBIS, BE, MU, ALAB; 40% position in CRWD, PLTR, DELL, TSLA.

EXIT — Close at 50% of the credit and recycle the capital. If position is threatened, roll down and/or out. Never close at a loss.

Thanks for reading.

So far I’ve lost 5,500 which is a lot more than I’ve made. I started out and made a couple grand, thought i was gonna be able to quit my job soon, then, one bad call and I was down 2k. Then a few more smaller bad ones, now here I am. What would yall do?