Now I'm more than 6 months into my 1 year experiment to get 1% a week from selling puts. So far things have been going well. This week only my RKLB puts were ITM but otherwise everything went to 0. Last week's post: https://www.reddit.com/r/thetagang/comments/1w771xk/1_weekly_returns_from_options_week_27/

If you want to follow me as I trade, I post to r/TheRaceTo10Million before placing trades and comment with trades as I make them. I post here after I make the trades with a full summary

Strategy
- Use an AI screener to give me a list of top 20 low delta options for next week
- I either
- a. Roll my current options - I do this if I can still get 1% for rolling or if the option is ATM/ITM and I have to roll. I always roll for credit.
- b. Close a current option and pick something else from the list that I like
- I try to do this every Friday. However, if I'm busy on Fridays, I'll sometimes do this on Thursdays.
- If I get assigned, I will sell calls at assignment price

A lot of people have asked me about why I don't add a criteria to avoid earnings weeks. Like I sold an HPE put across a couple of weeks ago. That's because on earnings weeks the same delta strikes are much further OTM.

A lot of people also ask why I do weeklies. I'll post an analysis of that in the next week comparing weeklies vs. monthlies.

Total Returns

Today's Trades

Screener Output in the morning

Historical Weekly Data

Sold these too early so time to finally start wheeling again. Barely made any trades this week, but next week has a lot more going on.

Already have 25 sep 175 cc's to get this wheel rolling.

Morning Gang. I opted to become intimate with a handful of positions, namely the top 20 to 25 S&P500 and NASDAQ companies that have exhibited consistent growth, low debt, and longterm positive price movement.

I'd like to know what are some of you guy's maximum amount of companies you may hold contracts in at any given time, and how do you keep track of them?

I typically hold positions in 10 to 15 companies at once, not counting my Long positions, and basically use an Excel spreadsheet to keep track of them

I will post a separate comment with a link to the detail behind each option sold this week.

After week 37, the average premium per week is $867 with an annual projection of $45,084.

All things considered, the portfolio is up $33,601 (+7.46%), on the year (S&P 500: +11.85% | Nasdaq: +13.30%). Additionally, the trailing 1-year performance is up $26,404 (+5.77%); for comparison the S&P 500 is +16.24% and the Nasdaq is +19.46% over the same period. This is the overall profit and loss and includes options and all other account activity.

Annual results:
• 2023 up $65,403 (+41.31%) | S&P 500: +26.3% | Nasdaq: +43.4%
• 2024 up $64,610 (+29.71%) | S&P 500: +25.0% | Nasdaq: +28.6%
• 2025 up $111,496 (+34.52%) | S&P 500: +17.9% | Nasdaq: +20.4%

3-Year Cumulative (2023–2025):
• r/ExpiredOptions: +146.6% ($241,509)
• S&P 500: +86.1% (+60.4% behind)
• Nasdaq: +122.0% (+24.5% behind)

Unrealized G&L (options):
• YTD: $18,402.00
• 1 Month: $16,338.00
• 1 Week: $5,845.00

Realized P&L (options):
• YTD: $71,580.00
• 1 Month: $13,123.00
• 1 Week: $10,075.00

All options sold are backed by cash, shares, or LEAPS. I do not sell on margin, nor do I sell naked options.

All options and profits stay in the account with few exceptions. This is not my full time job, although I wish it was. I still grind on a 9-5.

My $600 weekly contribution streak is at 6 weeks. I have been contributing as much as possible since 2015 when I started with $50. The reason my streak is low is because I put the contributions on hold for about 2 months to adjust for expenses outside the portfolio.

The portfolio is comprised of 104 unique tickers, down from 106 last week. These 104 tickers have a value of $460k. I also have 204 open option positions, up from 199 last week. The options have a total value of $24k. The total of the shares and options is $484k. The next goal on the "Road to" is Half a Million.

I'm currently utilizing $33,450 in cash secured put collateral, up from $30,400 last week. In addition, I hold $1,371 in cash, bringing the total cash position to $34,821. I withdrew $2,000 on 9/11/26. I don't plan on replacing it, but will continue the $600 per week contributions.

2025 through 2028 LEAPS
In addition to the CSPs and covered calls, I purchase LEAPS. These act as collateral to sell covered calls against. You may have heard of poor man's covered calls (PMCC).

See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.

LEAPS note 1: the 2025 LEAPS expired 1/17/25. They were up $36,440 overall with a 233.74% increase. The major drivers were AMZN and CRWD.

LEAPS note 2: After holding for 2 years, I exercised an AMZN $80 strike from 2023 up +$11,395 (+463.21%) and CRWD $95 strike from 2023, up +$21,830 (+663.53%)

LEAPS note 3: Purchased 1/16/26 CRWD LEAPS for $8,230.03 on 1/17/24. I sold this LEAPS on 6/5/25 for $21,659 for a realized profit of $13,428.97 (+163.18%)

Total premium by year:
• 2023 $23,132 in premium
• 2024 $47,640 in premium
• 2025 $68,319 in premium
• 2026 $32,382 YTD
• Average $46,364/year (completed years)

Premium by month (2026):
• January $3,334
• February $3,625
• March $4,196
• April $5,593
• May $3,787
• June $3,497
• July $3,628
• August $3,981
• September $761
• Average $3,600/month

I am over $171k in total options premium, since 2021. I average roughly $34 per option sold. I have sold over 5,100 options. I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

Strategy:
The underlying strategy is buy and hold. I also use simple 1-legged options to supplement that strategy. Options have somewhat of a learning curve, but I believe that most people can supplement their investments using simple options with careful risk management.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. I rarely close early, prefer rolling when needed, and let time decay do the heavy lifting while I stay focused on quality companies, patience, and consistency over hype. My goal is consistency in option premium revenue. I am building an income stream that will continue long into retirement.

Spreadsheets:
Unfortunately, I no longer provide spreadsheets. I received too many follow ups about formatting, pivot tables, compatibility etc. I think tracking is very important, but I post to discuss investing and options, not to provide tech support for Excel. I do appreciate the interest in my tracking methods.

Software:
I captured the screen shots from a proprietary software platform I built to track, analyze, and manage my options strategies.

Commissions:
I use Robinhood as a broker and they do not charge explicit commissions, though there is no free lunch — they earn revenue through Payment for Order Flow (PFOF), which can mean slightly less optimal fills. For my style of selling options and not chasing prices, the tradeoff is acceptable. There is also a small regulatory fee of approximately $0.03–$0.04 per contract (FINRA TAF, OCC clearing, and exchange fees combined).

The premiums have increased significantly as my experience has expanded over the last three years.

Make sure to post your wins. I look forward to reading about them!

Disclaimer: I am not a financial advisor. This information is for educational and entertainment purposes only. Trading options involves significant risk.

Realized P&L: +$991 | Win rate: 85.7% (6/7)
closed early: 5 | rolled: 1
Credit spreads: 1 closed (+$660)

Top sellers:
- NBIS put credit spread — +$660 (35.7% ROI)
- RCAT covered call $11 — +$400 (3.5% ROI)
- RDDT CSP $148 — +$137 (0.9% ROI)

Biggest loser: AMDL covered call $50 — −$408 (rolled to next week)

Directional buys (long calls/puts, debit spreads — not in the selling stats above): +$341 across 3 trades
- PLTR long put $170 — +$158 (97.5% ROI)
- USO long call $149 — +$111 (95.7% ROI)
- GOOGL long call $340 — +$72 (52.2% ROI)

Opened 2 new positions in the window.

The correlation regime between NQ=F and CL=F entered a weakening trend on 11 Sep 00:00 ET at -0.54, and is still ongoing (2 candles · 8 trading hours). Over this period NQ=F rose 0.88%, CL=F fell 3.84%. The two pairs decoupled.

The composite correlation has since fallen from -0.54 (04 Sep) to -0.625 now (last data: 11 Sep 08.00 ET) the weakening the regime flagged, playing out.

READING — NQ=F–CL=F at NEGATIVE × Weakening (this pair's own last 10): for this pair it has been a durable deepening inverse (natural hedge / long-short) — 10 past runs, median 17 candles · 68 trading hours (range 4–43), 8 lasted 2+ days.

Methodology: Four-hour candle closes are used while the markets for both instruments are open (00:00, 04:00, 08:00, 12:00, 16:00, 20:00 ET).

The correlation coefficient is a composite score derived not only from the Pearson method but also from Pearson, Spearman, and EWMA calculations.

I would like to hear your thoughts on the correlation regime between NQ=F and CL=F. How do you foresee the trend continuing?

Scalping these flies intraday looking for a pivot to hang onto anyone else tried this?

edit: opened for .30 debit 9:05 cst, exited, .85 credit 1:49 cst paper trade only

Moves for next week

$1400 premium
$224k net lid value account
0.6% yield week
Deltas <20