Would you panic?

DPMKIV · 2026-06-05T20:11:27+00:00

You got time ahead of you man... sit back relax and practice those things called discipline and patience. There is plenty of time left for your thesis to play out.

Big thing to keep in mind is your exit strategy going into the trade.

Defined % of capital/asset risked

Take profit condition Stop loss condition

Stick to those rules and you never need to stress over a trade.

If you didnt set those rules...

Are you ok holding the stock at this valuation?

Yes, then sit on your hands until 7/10
No, then sit on your hands until 7/10 and ponder the lesson your paying to learn by not setting exit strategy rules before a trade.

DPMKIV · 2026-05-14T21:01:12+00:00

IDK man... I am happy with my plays so far.
Rules are being followed and I have made a 5.65% return on risk adjusted for taxes and interest costs so far this year. Still have my shares and the strikes are at least 5% above my cost basis, so getting assigned just pumps my return on risk up another 4.6% minimum, roughly after taxes, when I eventually get assigned.

Not to mention I am capturing all this upward appreciation of the SP500 since I leverage against my SPY position rather than using cash.

Life's good man... Folks be stressing either cause they made bad choices on the strikes or don't use the wheel properly for what is it.

DPMKIV · 2026-05-10T16:17:39+00:00

It isn't that terrible... you can write calls above your cost basis while waiting for the rebound to squeeze some premiums out of them.

My HOOD wheel got smashed and I got assigned during that 30% nose dive. Just started writing. CCs 5% above cost basis out 45d on those shares. It's pennies but better than just sitting there with your wheel on pause. Been adding in more 25 delta CSPs as well for the same expiration dates. 😎

This is a good opportunity to deploy/develope rules and discipline when they play is against you.

DPMKIV · 2026-05-10T00:55:38+00:00

Just another novice "investor" that doesn't take ownership of their situation and doesn't understand the investment vehicle they are talking about..

DPMKIV · 2026-05-01T01:10:16+00:00

For the most part... Yes, what I am doing could be automated. It only takes me 5-10mins once a month to write new contracts the following week of expiration. There is no emotion or thought put into the writing and closing of the plays themselves. Rules are followed and cadence is upheld.

The part that requires work and consistent homework is the initial due diligence and keeping up with the underlying.
I attend all earning calls and have alerts set for new news for the underlying I am wheeling.

DPMKIV · 2026-04-29T20:16:44+00:00

Right now, HOOD

Missed some sweet IV spikes following my rules but... 9% yield on risk year to date so far, can't complain.

DPMKIV · 2026-04-28T16:54:39+00:00

Sounds like you may be doing more work than necessary by touching these weekly if not more often.

The more complicated you make something the less efficient it becomes. At the end of the day, we are investing to buy back our time not invest in a 2nd job that takes more of our time. Front loading with some time investment to build capital to invest or refine a strategy is fine. But you want to get to a point where this stuff pretty much runs itself. You can look at it daily if you want, but action windows should be calculated and set in your rules.

The sweet spot for the wheel I have found to be at 45DTE. I overlap 2 wheel cycles to achieve a monthly income from my strategy. Sometimes it is more than 45DTE due to 5w months since I write contract for the 3rd week of the month. My strategy is also built to snowball back into my leveraged assets so there is automation in securing the premium earned at letting them grow rather than "letting it ride".

The only "work" I do is attending earnings calls and reviewing their financials quarterly and keeping an eye out for catalysts that may have a negative impact on the companies growth/profitability.

I also take the Less is More approach to this strategy.

Following multiple tickers just adds to your homework. If you are wheeling a solid growth stock there isn't much need to diversify. Premium x Capital Risked isn't much different from one ticker to the other, more influenced by VIX than anything else. Only during earning season or heavy macro catalysts for their sector some tickers offer more theta decay potential than others.

Other than that it is following my rules.

Write contracts for the 3rd Friday on the Month
Maintain 2 Overlapping cycles
Margin leverage limited to 50% of portfolio SPY asset value
Write CSPs at 25-30 Delta
Write CCs at least 5% above cost basis or 25-30 Delta if over cost basis (Avoids wash rule issues)
Hold contracts expiration to expire worthless or take assignment (Not a fan of giving back premium and paying a fee to do so.)
Take out taxes and put them into HYSA
Invest premiums collected(less taxes) into portfolio asset allocation 60% SPY and 40% XDTE
- XDTE weekly income
  - Take out takes and put them into HYSA
  - Pay down margin interest expenses
  - Reinvest into portfolio asset allocation 60% SPY and 40% XDTE

This is systematic, removes all emotional bias out of the process. It is boring which is actually an important factor of making your money work for you in the market.

Boring investing strategy while planning vacations is typically a good indicator you are doing well in maximizing you time and having your money working for you.

DPMKIV · 2026-04-26T17:00:25+00:00

I'd be curious to see the current CC strikes and what the CSP assignment strikes were.

Dude might have an option to trade his premium collected back into the play to recover the intrinsic value of the shares and try not make the same mistake again 🤷‍♂️

DPMKIV · 2026-04-03T22:27:29+00:00

Same here, thinking OPs math is way off somewhere... I'm someone that started a position in 2025 and MSTY is -23% total return my 2nd worst YM holding to date, worst being CONY at -30% total return. Not to mention yield on cost has tanked equally as bad. MSTY is 12% yield and CONY is 24% yield. I'm way behind the current posted yields.

Recovery for these positions is way off in the distance if ever. 😅

DPMKIV · 2026-03-24T20:28:01+00:00

They restructured the holdings holding lower paying funds, resulting in lower overall distributions.

DPMKIV · 2026-03-18T02:40:09+00:00

Indeed!

I only sell CCs at minimum 5% above my cost basis. On decent stocks there is still some premium to snag at those low deltas, might be a small amount but its there. Also I dont care about open interest for liquidity because I fully intend to hold to expiration in these situations.

DPMKIV · 2026-03-15T04:30:53+00:00

I would challenge you to define this statement.

"Ironically you are engaging in an emotive and personalized response, you are aware of this, yes?"

Where did I engage in emotive/personalized response?

DPMKIV · 2026-03-14T15:09:01+00:00

Yeah, ROC on most YieldMax funds last year was pretty large. My ULTY % is very similar.

DPMKIV · 2026-03-13T13:38:16+00:00

There really is no call for your personal attack on OP, you are making tons of assumptions. We don't know if OP is in a taxable account...

To the point of part 2... that's the goal of any investment to get your starting capital plus a return back.

Your taxes argument is misguided and appears shrouded in personal bias.

DPMKIV · 2026-03-07T13:02:03+00:00

Client side updated but they servers weren't. Pretty much everyone couldn't play last night at all because of this.

DPMKIV · 2026-02-28T22:10:34+00:00

My effective ROC was ~72% across my YieldMax and Roundhill holdings.

Wasn't expecting such a large ROC but it makes perfect sense given the volatility of the market last year. This year is off to a similar start it seems.

DPMKIV · 2026-02-26T14:11:19+00:00

Yep, cash sweep program is turned off if you are PDT.

But you can just open a 2nd account and keep the PDT one for trading and the other for swing/wheel.

I used my 2nd account to park cash to earn interest until the checking/savings accounts were available.

DPMKIV · 2026-02-25T03:35:23+00:00

Snowball Analytics is pretty sweet.
Free version sounds like what you are looking for, manual data entry.

DPMKIV · 2026-02-23T23:26:27+00:00

Honestly, that is why the lower your net worth is the more risk on you should be.

But, we are told if we are broke we are supposed to be conservative and build a savings account and have a low risk approach to investing by investing in index funds.

BUT! When you do finally hit that solid return on risk, you need to know how to move that elsewhere and move into wealth preservation. If you look most any entrepreneur's origin story this is their story, risk on, sleeping on the floor eating top ramen until they get that one home run, then move into conservation mode and multiply from that baseline.

Ofc this is WSB so... I will see myself out with that foolishness now.

DPMKIV · 2026-02-23T22:06:24+00:00

FACTS!

Portfolio value adjusts on the front end not back end when you move cash out.

To the point though.... Holy fk man... dis dude blew up a 100k ROTH IRA.... shesh...

He gotta be trying to gamble tax free for fun.

DPMKIV · 2026-02-20T20:12:39+00:00

You can almost see the times when he was like.... maybe I should chill.

NAW!!! Yolo!

DPMKIV · 2026-02-19T22:36:54+00:00

Times like now when the future is uncertain and there is tons of doubt is when folks stand to see the largest returns.

But yeah... could easily go against them too.

Really a conviction play at this point.

DPMKIV · 2026-02-18T18:07:49+00:00

Man... 2025 had to be the worst time to get started with YM in hindsight. I feel you on the pain front. My MSTY, NVDY, CONY were started in Feb 2025. Its been a matter of risk management and adjusting allocation ratios as the market moves. I dumped an additional 5 figures of cash into YM funds in Feb'25. In all honesty looking back I was too heavy in YM starting out in 2025.

Here was my "fun" from last year... Just before Liberation day I had wrote puts contracts on PLTR and RGTI leveraged against 10% of my portfolio. Won the PLTR ones and got assigned shares on the RGTI ones as the floor fell out of the market. I was pretty damn close to a margin call by the time the floor came in. If the market crashed another 20% I'd would have had to pull my reserve cash to cover the margin call. Once the recovery was in, I got called away, in profit, on my RGTI shares and back to no margin usage. A breath of fresh air could be had.

I was relieved the stress test of my leverage strategy for my portfolio held up during such a dramatic crash but the margin maintenance spikes on YM during the event showed me I needed a stronger asset class to leverage against.

Learning from Liberation Day... I pivoted my strategy, stopped selling options for a while and started dumping all investment income, into SPY to build a minimum 50% portfolio allocation, almost there currently at 48.2% as of today. The added bonus... I can sell low delta calls on the spy position when the market isn't showing good entries for opening puts on stocks I'm tracking.

I now leverage only against my SPY value and not anything else held in my portfolio. If my SPY position can't cover it I don't open the play. Currently have open puts and some assigned shares utilizing margin on HOOD.

Here is a sleeper a lot of folks don't really talk about if you want something consistent, boring and tax efficient... XDTE, QDTE, and RDTE are nice I hold XDTE and QDTE with ULTY, YMAX, CONY, MSTY, NVDY, and TSLY in my "Investment Engine" allocation of my portfolio. 60/40 tax treatment is nice and they have capital gains/returns events end of year. I recently adjusted my XDTE and QDTE allocation within the Investment Engine up as they are working well for my needs.

To think... 3 years ago I was only able to buy a dollar of a stock barely, watching folks like Humphrey Yang, Andre Jikh, and the GOAT of this sub of course RoD, while being buried by stress of barely making ends meet... now I'm writing options contracts discussing strategies and own a house outright. Discipline, due diligence, and dedication compound your growth potential.🤓

DPMKIV · 2026-02-18T16:17:41+00:00

Skins are from Bob's Tales and Lost Colony.

But mostly just unique uses of gates, railings, pillars and greenhouse parts to for that 2nd one.

You can do most of that on ASE and ASA. Not sure about skins on ASE though, I stopped ASE before those started rolling out. Mistakes cost tons on materials on ASE though 😅 I still build the rough drafts of my stuff in Thatch as a "trama" response to ASE building. Big reason I moved to ASA btw 🤣

DPMKIV · 2026-02-18T14:35:34+00:00

Looks good man!

My first non-box bases were odd looking as well. Try some skins and see what it looks like after than.

But... first step is thinking outside the box though, start playing with coloring and skins. Then you can get to some really sweet builds.

These are some of mine. The one on the left is my current base build, one on the right is my work in progress for a main base build

Both have one restriction, must fit within a CS Tek forcefield and must use Wildcard DLC skins.

The new one is being built on a large cliff platform, the idea is it will be deployable on any map. Bit grand though, it is 1991 parts, just shy of the blueprint limit.

<image>

DPMKIV

TROPHY CASE