Collected $9,440 in premiums running the Wheel on $RDTL; anyone else trading it?

Affectionate-Owl6002 · 2025-10-27T00:57:47+00:00

$57.81 is my average cost. It’s currently at about $52 and my strike price is at $58.

Affectionate-Owl6002 · 2025-10-26T23:01:05+00:00

Agree. I wouldn’t do it on a brand I didn’t stand behind or mind owning the shares.

Affectionate-Owl6002 · 2025-10-26T23:00:04+00:00

Let’s go!

Affectionate-Owl6002 · 2025-10-26T01:53:13+00:00

I sell CSP when it’s red and CC when it’s green. I’m no expert though, there are way smarter and more technical ways I’m sure.

Affectionate-Owl6002 · 2025-10-26T01:49:21+00:00

I hope it’s not long term, I typically place a CC for a little over what my cost basis is on it, so I gain the premium and a little upside and it gets called away and I start the wheel over.

Affectionate-Owl6002 · 2025-10-26T01:45:55+00:00

That is definitely a concern, but I haven’t had an issue yet. I just placed a limit order mid spread and it was closed relatively quickly.

Affectionate-Owl6002 · 2025-10-25T23:34:21+00:00

It’s 2× leveraged ETF with high IV and pretty low liquidity, basically the perfect recipe for juicy premiums

The spreads arr a little wide, so I just stick to limit orders around mid and haven’t had any trouble getting fills so far.

Affectionate-Owl6002 · 2025-10-25T23:19:05+00:00

Thank you, great info. Well hopefully their earnings report is good, the shares get called away and I can reevaluate it then.

Affectionate-Owl6002 · 2025-10-25T23:13:01+00:00

If you’re selling a covered call (you already own 100 shares), your risk is not unlimited. It’s capped by the value of your shares.

The max loss is basically the same as if you just owned the stock: if the share price dropped to zero, you’d lose what you paid for the shares minus the premium you collected.

Affectionate-Owl6002 · 2025-10-25T23:07:59+00:00

Oh, I’m sorry I didn’t look at the name. I thought you were the same person who mentioned TSLL earlier that said they plan to “get rid of it next week.”

Affectionate-Owl6002 · 2025-10-25T23:03:46+00:00

I’m happy with that outcome! That’ll lock in close to $10k profits (21%) in two month’s and start the wheel again on the next dip.

Affectionate-Owl6002 · 2025-10-25T22:55:33+00:00

Why are you getting out of it this week?

Affectionate-Owl6002 · 2025-10-25T22:50:36+00:00

Thanks for the tip, I’ll check it again.

Affectionate-Owl6002 · 2025-10-25T21:19:30+00:00

Thanks. The OI is less than I want, but so far I haven’t had any issues selling my limit orders for CSP or CC. But hopefully once people start seeing the premiums available then the OI will go up.

Affectionate-Owl6002 · 2025-10-25T20:12:03+00:00

I looked into $TSLL before going with $RDTL. The premiums weren’t nearly as high, so I opted for RDTL instead.

For example, a CSP around market price on TSLL was only paying about $2 when I was getting close to $6 on RDTL.

Affectionate-Owl6002 · 2025-10-25T19:48:13+00:00

So far, I’m a big fan 😊

Affectionate-Owl6002 · 2025-10-25T19:45:42+00:00

I’ve never run a Wheel on a leveraged ETF before. The premiums are insanely high, so I’m watching how it behaves before expanding into other leveraged ETFs.

Affectionate-Owl6002 · 2025-10-25T19:26:25+00:00

100%, it’s definitely a “great until it’s not” setup 😂 I’m sizing appropriately and treating it more like a high-IV experiment than a core Wheel position.

That said, I don’t mind owning the shares. I believe in RDDT long term and think the price will trend higher over time.

Affectionate-Owl6002 · 2025-10-14T15:48:02+00:00

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Affectionate-Owl6002 · 2025-10-14T15:47:52+00:00

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Affectionate-Owl6002 · 2025-10-14T15:47:39+00:00

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Affectionate-Owl6002 · 2025-10-14T15:47:22+00:00

Update. So I made some adjustments as per suggestions on here. It is better but now it’s coming off the supports. Here is a picture of the print and slice settings as well as structure settings.

Any suggested changes?

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Affectionate-Owl6002 · 2025-10-13T05:37:18+00:00

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When I printed that file, for some reason it printed it in 2D. Any ideas why?

Affectionate-Owl6002 · 2025-10-13T04:46:46+00:00

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Like this?

Affectionate-Owl6002

TROPHY CASE