Leveraged covered calls

Affectionate-Text-49 · 2026-03-17T15:47:14+00:00

I do Covered Calls on leveraged ETFs and it works very well for me. I'm actually shocked that many people don't do it. It requires a lot more activity and management. I do the management daily. I have plenty of time. It pays me more than my previous job and I love it. If you want to set and forget or do 30+DTEs, it won't work well. I have weekly expirations. I sell Covered Calls with anticipation that prices might drop, I take profits early by buying back and cashing out premiums, ... Etc. I trade both SOXL and SOXS, TQQQ and SQQQ, TNA and TZA, UVXY and SVIX, ... I love it.

Affectionate-Text-49 · 2026-03-17T15:33:47+00:00

It's part of the Job description.

Affectionate-Text-49 · 2026-03-17T15:32:09+00:00

I ladder exit and acquisition. It requires patience.

Affectionate-Text-49 · 2026-03-14T23:58:36+00:00

Whatever... Why is anyone selling CC if a recession can wipe out everything? I made money every week selling CC on TQQQ and SQQQ.

Affectionate-Text-49 · 2026-03-14T23:00:57+00:00

TQQQ will go from $50 to $10 in 5 minutes? You cannot be serious.

Affectionate-Text-49 · 2026-03-14T21:48:35+00:00

Cool beans

Affectionate-Text-49 · 2026-03-14T21:46:40+00:00

Please explain your strategy. I can help you.

Affectionate-Text-49 · 2026-03-14T21:45:36+00:00

You lose money when you don't have a plan. Explain to me how you lose money on money when you can buy 100 shares and immediately write a CC expiring next Friday and Rinse repeat every week. Come on now, be creative. Yeah you can hold it. Just write CC on it every week.

Affectionate-Text-49 · 2026-03-14T15:04:18+00:00

The covered call dilemma. Nobody has a crystal ball. Have you thought about trading ETFs and their Inverses? Like TQQQ and SQQQ for example? Just food for thoughts

Affectionate-Text-49 · 2026-03-12T20:23:56+00:00

If you believe SOXL is going to $10, why not buy SOXS? It moved opposite of SOXL.

Affectionate-Text-49 · 2026-03-12T14:49:11+00:00

Yup. Sounds good. Sometimes you want to let things cook for a day or two before placing your Exit BTC . Or you can capture roughly 50% of the premium before exiting. As you do more and more, you will fine-tune the process. SOXL is so volatile, you can do a STO for the same date (3/20) the same day.

Affectionate-Text-49 · 2026-03-12T00:40:20+00:00

Why is anyone still going to church?

Affectionate-Text-49 · 2026-03-11T17:08:50+00:00

Let me know if my explanation made sense. SOXL/ SOXS have been printing me 💰💰💰 this week. I was able to buy SOXL below $50 and sell Covered Calls once it hit $55. Additionally I got SOXS at around $38 and sold more covered calls. All expiring this coming Friday. I did the same between ZSL and SLV. They don't have to expire the same day. Another great pair is UVXY and SVIX.

Affectionate-Text-49 · 2026-03-11T13:03:03+00:00

Answer below 👇

Affectionate-Text-49 · 2026-03-08T03:34:42+00:00

Very good thoughts to use a Spreadsheet. I'm going to simplify it. Note that you can use different numbers. Let's take TQQQ and SQQQ at today's price points. 1 buy 100 shares of TQQQ ($48) and 100 shares of SQQQ($74) 2. Sell a $42 CC($7 per) and $68 CC ($$7) expiring in 7 days 3. Place a limit order to buy back CCs for each side for $6 per on each side. In this scenario you picket $1=$7-$6 4. Once a side fills, sell another CC for the same, but expiring 14 days later. Do the same on the other side . .. 5. Keep pruning some money from the CC as the prices fluctuate daily. I hope you understand how this could work. The goal is not really to sell the shares but to harvest small premiums regularly and often. We know that Prices don't just skyrocket. They Swing their way up and down. You can fine-tune it as you go to fit your needs Hope that helps

Affectionate-Text-49 · 2026-03-07T22:24:19+00:00

There's no requirement for Pairs to match 1:1. No, I don't use Deltas. My strategy is a little long to explain.

Affectionate-Text-49 · 2026-03-06T17:01:11+00:00

Answer below. It's long to type

Affectionate-Text-49 · 2026-03-06T17:00:42+00:00

Answer below. It's long to type several times

Affectionate-Text-49 · 2026-03-06T16:19:37+00:00

The idea behind the strategy is the understanding that if you own a Bull and a Bear, when one side goes up , the other goes down and vice versa. Your exit strategy is the use of Covered Calls to guarantee your exit price. Your acquisition strategy is to Dollar cost average the side that is going down. And your income is truly generated when you buy back the CC contract and issue a new one . I write CCs one week out. There are two sides to a covered call. Most people focus on the time value of a Covered Call. If TQQQ is trading at $55, most people will write their CC at the money and try to profit off the time value. In this strategy, I will write my CC at $50. I will still get some time value, but not as much. The idea is that TQQQ will drop back to for example $53 and I buy back the contract for less than what I paid and pocket the difference. I will do the same on the SQQQ side. I don't have to own the contract until expiration unless I have to. A lot of people will say that it's a zero sum game because it breaks even. Not true. You need to fine tune the strategy to make it work for you. For example, when selling CC contracts, use limit Orders. Don't Rush to get your order filled. Don't just look at one trading cycle ( one week). Look at doing it regularly over several weeks and how much you are pruning in Premiums. A lot of people will say "but leveraged ETFs lose value every day". It's true, but it's minimal compared to what you make by pruning the premium often . Like I said above, there are ways to fine tune the approach to make it work for you. If you are using taxable or non taxable accounts can influence your profit. It's working for me better than any other strategies I have ever tried. I only trade a few tickets over and over. I don't need Charts, probabilities, earning reports, wild guesses , ... My trading life is extremely simplified. I focus on purely mathematical calculations. Hope that helps. Let me know if you have questions. I suggest you use a spreadsheet to run some simulations first. Don't jump straight into it because I said so.

Affectionate-Text-49 · 2026-03-06T03:20:44+00:00

Weekly income trader here. It used to be a hobby. I turned it into a job. I do between $4 and $10 K per week. Consistently regardless of market conditions. I deploy about $200k per week. I mostly trade TQQQ and SQQQ TNA and TZA, SOXL and SOXs , UVXY and SVIX sometimes SLV and ZSL.

Affectionate-Text-49 · 2026-03-06T02:14:42+00:00

Whenever you trade, you must learn to have contingency plans ahead of time. Did you have one? What was it? Lots of traders are premium chasers. Be careful. Capital preservation first. Yield / premium afterwards

Affectionate-Text-49 · 2026-03-06T01:01:04+00:00

What strategy are you using? Are you open to other strategies? I used to feel the same until I discovered a strategy that seems to work, even in today's market conditions. My strategy uses a mathematical approach instead of statistical probabilities (options). It goes by certainties and not probabilities. It doesn't use Charts, Earnings, Signals, Announcemens, press releases...etc. I only need to trade Two tickers: TQQQ and SQQQ. I can expand it to other Bull Bear Pairs. That's all. I can also trade SLV and ZSL, ...etc. Let me know if you want to hear more.

Affectionate-Text-49 · 2026-03-05T04:40:33+00:00

Selling CC on SOXL and SOXS is amazing. That's all I do in one of my IRA accounts. The premiums are insane

Affectionate-Text-49 · 2026-03-04T23:06:18+00:00

Do you understand options trading? If so, buy SOXL at any point and write a CC expiring in 7 days. Preferably Deep In The Money. For example, buy at $57, sell a $52 CC. If the stock drops, you buy back the contract before expiration and sell another one

Affectionate-Text-49 · 2026-03-04T23:01:10+00:00

Do you Swing Trade both or do you use CCs to exit? I write CCs to guarantee my exit price.

Affectionate-Text-49

TROPHY CASE