I’ve realized $18,493.24 so far in July, with a current month-end projection of approximately $27,300.

The strategy combines:

• Covered calls
• Cash-secured puts
• Short swing trades

One example was MU: bought 50 shares around $890 and sold around $917, producing approximately $1,350 in realized profit.

My focus is not holding every position indefinitely or trying to squeeze out the maximum possible gain. I look at the portfolio as a cash-flow business.

The shares are inventory.
Option premium is revenue.
Realized gains are additional cash flow.
Capital velocity is what keeps the engine moving.

I prefer holding positions for short periods, realizing gains, freeing the capital, and redeploying it into the next opportunity. The house is the portfolio not any individual stock.

I’m not emotionally attached to the inventory. The objective is to keep capital productive through covered calls, CSPs, and selective swings while controlling risk.

July so far: $18,493.24 realized.
Projected finish: approximately $27,300.

The goal is not to own a stock forever. The goal is to keep the cash-flow engine moving.

Disclaimer: This post is for informational and educational purposes only and reflects my personal trading experience. It is not financial, investment, or tax advice. Everyone’s risk tolerance, financial situation, and objectives are different. Always do your own due diligence before making any investment decisions.

Bought 500 shares of AMD in 2018 so I have about $250k in capital gains. The covered call market looks really appealing but I really don’t want to get assigned and pay tax as I truly believe the stock could 10x again in the next 15 years.

On the other hand looking at the chain I can generate an extra $5k/mo in premiums by selling strikes 40% higher than ATM with 30DTE. High IV with earnings coming up though. I have vast options experience and work in the industry, but have never gotten into CC strategies with my own portfolio.

Is this something wise people do with large cap gains like this? I know I can roll out with a gap up after earnings and still most likely be OTM. Seems like a good strat to me but thought I’d ask here and see if I’m missing anything?

TIA

CSPs with HIGHEST IV

$AMKR - 49P

$ASX - 32.5P

$SMCI - 23P

Source

Hey all…this is a specific group for MU/MUU Covered Call strategies. I was hoping to find this group in the wild, but didn’t see it so here we are.
Please join us if interested. I will need a moderator or two to help as I am new to the moderator space and really don’t want to micromanage this space.

Hey everyone - I’ve been slowly investing for about a decade, realizing recently I’ve been leaving some potential money on the table by not utilizing covered calls. I use Charles Schwab platform- does any one have any recommendations on a training type video that will walk me through the basics and nuances? I I haven’t written a CC yet and I’m a bit nervous to proceed. I understand the concept but would like to learn a bit more first on actually writing the calls 30-45 days out.

CCs with HIGHEST IV

$SPCX - 140C

$TTMI - 180C

$SMCI - 35C

Source

Looking over the past 10 years return, it seems minimal or negative for these high growth stocks. It yields positive for ABNB since the stock is mostly flat, yet I might be better off to just sell the stock and convert it to SPY or QQQ.

see https://cc-desk.strayforge.com/ for the stats.

Trades I took today as a systematic option seller (07/21):

New Positions

• FORM → $95 Put expiry 08/21 (5 weeks DTE), premium 8.40 → 840/9500 = ~8.8%. I already had a Sold Put Position with a strike at $105. Opened another position today. Makes testing equipment for semiconductor chips. Premiums are higher as earnings are due on 07/29.
• SEI → $60 Put expiry 08/21 (5 weeks DTE), premium 4.60 → 460/6000 = ~7.7%. Energy infrastructure supplying power generation for oilfield operations. Premiums are higher as earnings are due on 08/05.

Both FORM and SEI were identifed using the ThetaHedge app. I simply used the preset Conditions in the app which filters our junk tickers and brings out high premium quality tickers. You can try it for free at https://app.thetahedge.io/.

Conditions → High Growth Wheel Stocks → Sort by 30 Delta Put Yield (%)

The Excel file to my full list of positions is linked in my profile description in case anyone wants to see the whole portfolio. Happy to hear thoughts on my positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

Among the CCs with DTE -3, I've filtered some with a decent premium and low delta. The price is below $50. The values can be slightly different depending on your data source:

NYSE

RNG260724C00044000, yield around 1.7%, ROC 209.2%, OTM 4.53;

LW260724C00051000, yield around 1.35%, ROC 164.2%, OTM 4.42;

HOG260724C00030000, yield around 1.31%, ROC 159%, OTM 1.86;

NASDAQ

GTLB260724C00034500, yield around 1.3%, ROC 159.38%, OTM 1.55;

CCs with best yield.

$LRCX - 370C

$AMD - 600C

$DDOG - 300C

Source

Among the POs with DTE -3, I've filtered some with a decent premium and low delta. The price is below $50. The values can be slightly different depending on your data source:

NYSE

RNG260724P00035000, yield around 1.49%, ROC 181.28%, OTM 4.57;

LW260724P00042000, yield around 1.02%, ROC 124.1%, OTM 4.86;

LW260724P00041000, yield around 0.93%, ROC 113.15%, OTM 5.86;

CSPs with best yield.

$NBIS - 140P

$AMKR - 49P

$TER - 300P

Source

I'm looking for a pretty conservative strategy for the next 18 months or so, but I also don't want to play it too safe. I'm not trying to time the market, or even beat the market, and I'd be satisfied with modest returns, if it means I can also guard against downside risk. I'm a chicken little when it comes to the current US political situation, so I'm trying to guard against disaster while not moving into a money market account or something similarly conservative.

I'm thinking of selling leaps well out of the money on stocks that I own and like, but at strike prices I'd be happy to sell them at. I'd also likely hold them through any downswings, unless something fundamentally changed within the company. I like Goog, MSFT, nbis, and Meta, and other large cap, or high premium companies, for instance, at current prices, but if they gained, say, 50% in the next 18 months and got called away, I'd be fine with it. I'm fine holding them during a rough patch as well, so I wouldn't mind being locked into the CCs if the stocks went down. Obviously if the stocks make modest gains but don't hit the strike price, I'll make money, and I can handle missing out on value if they go well past the strike price. I do sell some 2 and 3 week CCs, but I don't really want my shares being called away because of a short term spike. I'm happy to let them get called away because of a long term climb.

Does this seem like a reasonable strategy to hedge against a big downturn, while not being too conservative?

Trades I took today as a systematic option seller (07/20):

Assigned Positions

• AMKR → $80 Put
• FLNC → $21 Put
• TTMI → $165 Put
• VICR → $320 Put
• TE → $8 Put

New Positions

• ACMR → $80 Put expiry 07/24 (1 week DTE), premium 3.10 → 310/8000 = ~3.9%. Opened new position in ACMR. Designs and manufactures semiconductor wafer cleaning and packaging equipments.
• CRDO → $165 Put expiry 07/31 (2 weeks DTE), premium 5.00 → 500/16500 = ~3%. Builds high-speed connectivity chips used inside AI datacenters.
• BE → $165 Put expiry 07/31 (2 weeks DTE), premium 11.20 → 1120/16500 = ~6.8%. Support at $165.
• MOD → $220 Put expiry 08/21 (5 weeks DTE), premium 21.50 → 2150/22000 = ~9.8%. New Position. Manufactures heat transfer and cooling equipments.
• AMKR → $80 Call expiry 08/21 (5 weeks DTE), premium 2.55 → 255/8000 = ~3.2%. I was assigned at $80.
• FLNC → $20 Call expiry 08/21 (5 weeks DTE), premium 0.85 → 85/2000 = ~4.2%. I was assigned at $21.
• TTMI → $165 Call expiry 08/21 (5 weeks DTE), premium 6.00 → 600/17500 = ~3.4%. I was assigned at $175.
• VICR → $280 Call expiry 08/21 (5 weeks DTE), premium 17.30 → 1730/32000 = ~5.4%. I was assigned at $320. Stock has its earnings due tomorrow. If it shoots up, I will roll and adjust to get the contract back to assigned price of $320.
• TE → $8 Call expiry 08/21 (5 weeks DTE), premium 0.42 → 42/800 = ~5.2%. Assigned at $8.
• ISSC → $20 Call expiry 08/21 (5 weeks DTE), premium 1.40 → 140/2000 = ~7%. Assigned at $20.

My view on the market

Market under consolidation after a big fall in Semiconductors and AI stocks. It is a wait and watch for me. I continue wheeling my stocks till the market recovers.

I use the ThetaHedge app to identify high quality wheel tickers. Because of stock selection, even after the market fall I am able to earn good premiums in Calls while running the wheel. You can find the wheel rank and 3 month historical return of tickers in the ThetaHedge app ( https://app.thetahedge.io/ ).

I keep sharing my daily trades in my account and the Excel file to my full list of positions is linked in my profile description. Happy to hear thoughts on my positions. What are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research.

I have tried almost every other option strategy and straight buying stock. When I bought uncovered stock, I shot for the moon and fell flat. When I bought and sold options, I never had a habit of stop losses and ended up with massive swings or uncovered assignments that ultimately ended in losses. Never did stop losses because I always counted on things going my way which obviously didn’t always work.

Covered calls have lowered my anxiety. They give me the true feel of long term investing. I don’t have to shoot for the moon anymore. I am going along with the trend rather than trying to fight it or outsmart it.

The best part is when trades don’t work as expected. If the stock shoots way higher, shares get called away. No sudden uncovered borrowed shares (happened to me with spreads and iron condors). And if the stock goes down, the call just expires worthless. And there’s no time limit on holding the stock.

The strategy I am working with:
Pick stocks that are running near flat and have found a good floor.
Stay away if you can’t figure out why the stock is priced where it is.
Don’t be afraid to run ITM especially for volatile stocks like SOFI.
Roll wherever the stock price is closest to the strike price. This means waiting for the price to spike down for ITM calls and spike up for OTM calls.
Learn to “grey rock” - don’t react to sudden up/down movements

Thoughts?

Sold 95 covered calls against all my shares, they closed ITM by over $1 on Friday. Get the assignment e-mail over night and notice it says 9000 shares sold, not 9500 like I was expecting.

Figured they would be sold at some point separately through the night. Sunday night is here and I still have the 500 shares.

We'll see tomorrow, I wonder if there is potentially a bug here on my brokers app? Because I did sell 5 contracts that were far out of the money, technically having me naked but RH let me do it because I owned over 30 long calls. Those 5 expired worthless, and the number aligns with the 500 shares I kept but should've lost as part of the 95.

Anyone run into this before? Talked to a few other CC sellers and they've never seen this.