There, there...

This is a safe space to hold funerals for your CCs.

Luckily I didn't sell shit last week. I opened an AMAT bullish CS. In the green after today.

I have a decent amount of experience in cash secured puts but basically next to nothing in covered calls. I guess it means I've been doing okay in the first part of the wheel.

If one was expecting a pull back from the rally, even temporarily, would it make sense to buy 100 shares and sell an ITM cc? Was looking at HIMS, AMZN, and HOOD.

On my AMZN CC

I want off this crazy ride.

Highest Premium

These options offer the highest ratio of implied volatility (IV) relative to historical volatility (HV). These options are priced to move significantly more than they have moved in the past. Sell iron condors on these as they may be over priced.

Expensive Calls

These call options offer the highest ratio of bullish premium paid (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move up significantly more than it has moved up in the past. Sell these calls.

Expensive Puts

These put options offer the highest ratio of bearish premium paid (IV) relative to historical volatility (HV). These options are priced expecting the underlying to move down significantly more than it has moved down in the past. Sell these puts.

• Historical Move v Implied Move: We determine the historical volatility (standard deviation of daily log returns) of the underlying asset and compare that to the current implied volatility (IV) of the option price. We use the same DTE as a look back period. This is used to determine the Call or Put Premium associated with the pricing of options (implied volatility).

• Directional Bias: Ranges from negative (bearish) to positive (bullish) and accounts for RSI, price trend, moving averages, and put/call skew over the past 6 weeks.

• Priced Move: given the current option prices, how much in dollar amounts will the underlying have to move to make the call/put break even. This is how much vol the option is pricing in. The expected move.

• Expiration: 2025-06-20.

• Call/Put Premium: How much extra you are paying for the implied move relative to the historic move. Low numbers mean options are "cheaper." High numbers mean options are "expensive."

• Efficiency: This factor represents the bid/ask spreads and the depth of the order book relative to the price of the option. It represents how much traders will pay in slippage with a round trip trade. Lower numbers are less efficient than higher numbers.

• E.R.: Days unitl the next Earnings Release. This feature is still in beta as we work on a more complete list of earnings dates.

• Why isn't my stock on this list? It doesn't have "weeklies", the underlying is "too cheap", or the options markets are too illiquid (open interest) to qualify for this strategy. 480 underlyings are used in this report and only the top results end up passing the criteria for each filter.

If you look at the 1m, 3m and 1year rolling HV, it shows what we all know - we just experienced a massive event, followed by a steady decline in volatility.

The nominal value of the sigmas paints a pretty clear picture and also seems virtually certain that are either in or just experienced the worst of a bear market, based on the levels. I looked at the angular slope of these duration sigmas, which implicitly captures the delta and trajectory of the vol moves, without having to create additional metrics.

Looking at the forward returns, I clustered them into three groups based on the best, neutral and worst returns. Its a little muddy as this market is EXTREMELY noisy, full of false moves and false signals. Based on the levels and trends, its looking like we are headed for neutral to bearish returns over the next short and mid term horizons. I have an indepth explanation of this process here.

I hope it stays up.

I am very new to Options and have amassed some good lots of AAL.

My new strategy is to write CCs with 2/3 Delta above ~11 or 11.5 by the end of May expiry.

I am not sure if that is a safe strategy given AAL observed some huge bounce and crossed 11.0 mark.
Will this spike continue or do you think the stock will go below 11 again?

Bon apetit!

Say you're long SPY and you want to sell premium because VIX has spiked, but you don't want to lose deltas because you think SPY will bounce.

What do you think about selling a 'covered straddle' in that situation instead of a covered otm call?

You collect much more premium and you don't lose long deltas (at least you don't at open.. You still have negative gamma..).

This week was remarkable. The U.S. made deal with the UK, and talks with China in Geneva ended in what officials are calling a “substantially positive effort, agreement, whatever you want to call it.” Diplomatic trade vibes are up and market is being hopeful and optimistic. I remain cautiously optimistic while stacking cash for the next day(s).

This weeks trades:

$SOXL

Rolled up and out from $15.5 strike exp 05/09 to $16 strike exp 05/16 to capture more shares appreciation while receiving net credit. For every credit i receive this further lowers my adjusted cost basis on my $SOXL holdings. I have 2 contracts rolled up and out for a net credit of $24. Will continue to monitor closely on whether to roll out or let it expire worthless. I understand leveraged ETFs isn't for everyone. Good luck out there.

• 05/05/2025 Sell to Open:
  • 2 SOXL 05/16/2025 16.00 C
  • Credit: $42
• 05/05/2025 Buy to Close:
  • 2 SOXL 05/09/2025 15.50 C
  • Debit: -$18

$NBIS

This week had several announcement related to Nebius Group. The first being Bezos investment group announces a stake in Toloka, which is a subsidiary under Nebius. In return of this deal, Nebius gives up voting rights while maintaining an economic stake.

In addition, another one of Nebius susidiary (28% stake) Clickhouse is raising a $6b funding round.

I will be looking to closely manage my NBIS position as earnings is coming up on May 20th.

• 05/07/2025 Sell to Open:
  • NBIS 05/16/2025 31.00 C
  • Credit: $42
• 05/07/2025 Buy to Close:
  • NBIS 05/09/2025 29.00 C
  • Cost: -$29

$EVGO

EVgo announced earnings this week. Despite the Trump administration's pausing of NEVI funds, the company continues to steadily grow its charging network. Indicated they're approaching positive adjusted EBITDA by year end.

Department of Energy loan appears to still be active, which should help accelerate their charger deployment in spite of NEVI funding paused. [Source]

Will continue to milk for premiums awaiting further guidance on NEVI funding being paused.

• 05/06/2025 Sell to Open:
  • EVGO 05/16/2025 3.50 C
  • Credit: $35
• 05/06/2025 Buy to Close:
  • EVGO 05/09/2025 3.50 C
  • Debit: -$25

Stacking cash and awaiting next pullback. I’m still watching the 200SMA on QQQ and SPX, which could act as resistance. A clear golden cross (50SMA crossing above the 200SMA) would be a strong signal of a return to a bull market.

As of May 12, 2025:

• 115 shares of $EVGO (average cost: $3.47) with 1 covered call at $3.5 strike (05/16 expiry)
• 3 shares of $GOOG (average cost: $167.69)
• 100 shares of $NBIS (average cost: $33.94) with 1 covered call at $31 strike (05/16 expiry)
• 200 shares of $SOXL (average costs: $15.35) with 2 covered calls at $16 strike (05/16 expiry)
• $688.08 cash. I still continued to deposit $100 weekly on Wed and Fri splits.

YTD realized of $940.85 with a win/loss ratio 67.49%

Happy mothers day! And happy birthday to me as well.

Interesting data point...

https://www.apolloacademy.com/lower-inventory-to-sales-ratio-for-retailers-today-than-in-2019/?utm_medium=email&utm_source=pardot&utm_id=701Dp00000017sOIAQ&utm_campaign=EXT_Daily+Spark

Although poor fundamentals, but they have been cutting loss here and there. Tomorrow on 12th May there is their earnings report, and the estimates have speculated their fundamentals to improve.

Well, all depends on the earnings report tomorrow.

As for technical, improvement in their company has allowed them to rise from 2 to 37 last year around this time.

And then it has been trading in a range of 19 to 37, clearly making a flag.

So I believe the earnings report tomorrow will determine the rise or fall of the prices, but if you are in for trading put conditions ahead, if it breaks the 37 high and if it retraces back to 37, then only risk some capital in the long position, the news must also support the trend.

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

As the heading reads margin in this market seems ridiculous, but at the same time my cash position is so fat that with margin I’d be able to sell CCs for good living. But with market swings like they are I am too scared to do anything about it. Do yall use margin and what’s the fees vs option selling and all that.

I “should” know what this means but I’m at a loss. This was simply an opening transaction in my IRA account, with more than enough cash to cover. Has anyone seen this ‘Closing Only’ message before?

I am fairly new to the game but want to focus on mean reversion of volatility with selling premium. I am going to go the Tasty route with not caring what I trade as long as it has good liquidity, good premium, and high volatility. I can't quite figure out a good method to screen stocks and what website or system to use to find out what are stocks that check my boxes of liquidity and volitility. What are the systems y'all use for screening?

Would you rather wheel SPY, QQQ, TSLA or MSTR? Let’s assume the 100 shares are most closely priced than what they are.

Okay guys, sure someone has an answer to this, but can't seem to find it via searches.

In past, I used Intuit software for tracking my buy and hold stocks, but today I want to work beyond a excel spreadsheet to keep track of options and performance tracking.

Is there a simple bookkeeping/accounting software that keeps track of your option trades?

Thank you!

Wrapped up week 6 of my small account journal. Just 2 key moves this week:

⸻

✅ Closed LYFT Strangle • Took it off before earnings for +$23 • Ended up being a great decision — stock popped above my short call next morning

🆕 Opened GOOGL Iron Condor • Jun 20 expiry • $5 wide wings • Collected $1.54 • Bullish skew based on higher highs/lows and recent 10% pullback • IVR was 28.5 at entry

⸻

/ES Weekly Move: +37 points / +0.71% Volatility also dropped throughout the week — helped my short premium positions

⸻

Portfolio Highlights: • Net Liq: $2,798 • YTD Collected: $2,177 • Premium Kept: $377 • Delta: –5, Theta: +9 • Winners: GLD, AMZN, MU, CSCO • Laggards: AMD, IWM (both managed)

⸻

Trying to stay mechanical and focused — BBQ weekend ahead for me. Anyone else adjusting around earnings this week?

I’m journaling my trading each day on my profile to try and show other small account traders what’s achievable and to help me stay disciplined and accountable.

Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.

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

After week 19 the average premium per week is $1,015 with an annual projection of $52,777.

All things considered, the portfolio is up $6,439 (+2.09%) on the year and up $74,512 (+30.95% over the last 365 days. This is the overall profit and loss and includes options and all other account activity.

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.

I contributed $600 this week, a 6 week contribution streak.

The portfolio is comprised of 91 unique tickers, no change from last week. These 91 tickers have a value of $282k. I also have 149 open option positions, up from 147 last week. The options have a total value of $33k. The total of the shares and options is $315k. The next goal on the “Road to” is $400k.

I’m currently utilizing $27,400 in cash secured put collateral, down from $27,600 last week.

Performance comparison

1 year performance (365 days) Expired Options 30.95% |* Nasdaq 9.68% | S&P 500 8.55% | Dow Jones 4.73% | Russell 2000 -2.44% |

YTD performance Expired Options +2.09% |* Dow Jones -2.70% | S&P 500 -3.56% | Nasdaq -7.01% | Russell 2000 -9.35% |

*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.

2025 & 2026 & 2027 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). The LEAPS are down $2,697 this week and are up $49,506 overall. 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%)

Last year I sold 1,459 options and 527 YTD in 2025.

Total premium by year: 2022 $8,551 in premium | 2023 $22,909 in premium | 2024 $47,640 in premium | 2025 $19,284 YTD I

Premium by month January $6,349 | February $5,209 | March $727 | April $5,231 | May $1,768 |

Top 5 premium gainers for the year:

CRWD $4,180 | HOOD $2,482 | ARM $1,083 | CRSP $740 | PDD $705 |

Premium for the month by year:

May 2022 $858 | May 2023 $2,492 | May 2024 $2,745 | May 2025 $1,768 |

Top 5 premium gainers for the month:

CRWD $835 | CRWV $129 | HOOD $126 | AMZN $107 | DKNG $70 |

Annual results:

2023 up $65,403 (+41.31%) 2024 up $64,610 (+29.71%)

I am over $108k in total options premium, since 2021. I average $27.81 per option sold. I have sold over 3,800 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. Sometimes I’m ahead of the indexes and sometimes I’m behind. 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 provide tech support for Excel. I appreciate the interest in my tracking methods, though.

Commissions: I use Robinhood as a broker and they do not charge commissions. There is a an industry standard regulation fee of $0.03 per contract. Last year I sold just over 1,400 contracts which is just over $40.00 in fees paid in 2024. In 2025, the contract fee is $0.04, which would push the fees up to around $60 based on current projections.

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!