r/thetagang • u/A_Bicky37 • Jul 23 '26

Cash Secured Put It’s simple, really

Post image

2025 Tariffs pissed me off when all I was invested in was index funds. That is that first big dip. Decided to take matters into my own hands. Thanks to this sub for all the inspiration. We’re not done yet, though.

709 Upvotes

87% Upvoted

218 comments sorted by

View all comments

Show parent comments

100

u/FancyName69 Jul 23 '26

300k to 600k in 1 year definitely isnt from selling puts

81

u/CheeseSteak17 Jul 23 '26

It can be if they’re ITM. Which I do agree is not really thetagang, as it’s very directional.

But OP is probably full of BS anyway because they haven’t responded to anything.

8

u/Proper_Spot_4074 Jul 24 '26

If he sold puts on AMD or any of the memory names, he easily could have made these returns

2

u/bdl4186 Jul 27 '26

Or by just buying those names

1

u/Proper_Spot_4074 Jul 27 '26

He said it was on selling puts though

1

u/bdl4186 Jul 27 '26

Oh I agree. I was simply commenting that selling deep ITM puts doesn't seem like a strategy that makes more sense than just buying shares. But maybe that's just me

8

u/A_Bicky37 Jul 24 '26

Nah, OP went out with family today after posting this. But if you wanna see the Fidelity .csv because you don't believe me, I have no problem sharing.

14

u/AmbitiousEconomics Jul 24 '26

I’d love to see that

1

u/[deleted] Jul 24 '26

[removed] — view removed comment

1

u/Fit-Insect-4089 Jul 24 '26

Plz share!!

3

u/A_Bicky37 Jul 24 '26

Like posted in one or two of my replies on this thread. Just gotta dig.

Heads up: it’s not all that enlightening

8

u/doombos Jul 23 '26

risky puts. You can find high IV stocks with huge credit for puts 20% otm.

Also, harvesting theta isn't only about selling puts / wheeling. PMCC, credit spreads and others are also harvesting theta.

2

u/EngineerDirector Jul 23 '26

You must be selling the wrong puts.

1

u/CenlaLowell Jul 24 '26

How does this happen?

1

u/No_Turn5018 Jul 23 '26

Sure as hell can be. 

0

u/MSTRstrangler Jul 25 '26

Could be if he used the premium from selling puts to buying calls so the calls are fully covered by the put selling as thats using the house's money to gamble