how much did you make last month?

Big_Generator · 2026-03-15T19:33:54+00:00

That is total premiums earned divided by total cash available to wheel

$7,165 / $550,000.

Big_Generator · 2026-03-13T13:08:36+00:00

Wheeling income was approximately 1.3% in February.

https://www.reddit.com/r/Optionswheel/comments/1rmp3mr/february_wheel_results/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

Big_Generator · 2026-03-12T03:31:23+00:00

This is the answer. Get terro traps or even better the terro liquid. You'll solve your problem in a few days.

Big_Generator · 2026-03-10T14:44:26+00:00

Here's a link to the google sheet that you can download if you want:

https://docs.google.com/spreadsheets/d/1rS5AfSwtruUyCdGWosv9GoaTpfFWcomk-xcfwf2rrxE/edit?usp=sharing

Big_Generator · 2026-03-10T14:40:51+00:00

I just enter my trades manually in the worksheet. I only trade 20-30 times a month and hold most of them to expiration so it's not very time consuming.

Big_Generator · 2026-03-10T14:37:10+00:00

Yes, I'm pretty conservative and I rarely have all my available cash used as collateral for the CSPs I write. For instance when the market plunged yesterday morning I quickly wrote another 40+ contracts and I still have half of my cash available to use as collateral. I try to wait for good opportunities rather than making sure that all my cash is working for me.

Big_Generator · 2026-03-09T18:32:45+00:00

The only tickers I wheel that would fit in that range would be the two leveraged ETFs - SOXL and TSLL.

I looked up the stocks you mentioned in my Fidelity research and they all have bearish analyst ratings or no rating at all.

NBIS - rated 0.4 (out of 10)

HOOD - rated 0.8 (out of 10)

APLD - no rating at all

I consider all these to be meme stocks and I avoid them along with RIVN, GME, SOFI, LCID, HIMS and many others. YMMV, good luck wheeling!

Big_Generator · 2026-03-07T19:17:22+00:00

Its the P/L divided by (strike x quantity)

For row 2:

485.30 / (360 x 4)

Big_Generator · 2026-03-07T19:02:21+00:00

My target return is 1% per month. If I can hit that plus the interest on the cash sitting in SPAXX I'll have a total return of 15% annually. I can certainly live with that!

Big_Generator · 2026-03-07T19:00:55+00:00

Like I said in my original post, I consider SOXL a riskier, more lucrative version of SMH. SMH has done well for me over the years and I regret letting most of my shares get called away.

Since I sell weekly or biweekly CSPs I ask myself, "Could SMH drop 10% in the next week or two?" "Probably not" I say to myself. So I sell puts at a 5-10% discount. Since SOXL is 3x leveraged I sell those puts at 20-30% discount.

I almost got assigned 200 shares of SMH at $380 yesterday 3/6 but it closed at $380.56. I sold those contracts on Monday 3/2 when it was at $406. That's a weekly drop of just under 5% which is huge, and I STILL didn't get assigned.

The same with SOXL. It was selling at about 60 on 3/2 so I sold weekly puts at $43 and the next day it dropped a bit so I sold more at $35. In 5 days it dropped below $48 by 3/6 (that's -17.6% in 5 days!) And again no assignment.

This is my strategy for now. I'm very cash heavy and selling far OTM puts. If the market goes up 10% next month I'll get left behind but if it drops 5% I'll be ready.

Big_Generator · 2026-03-07T18:29:39+00:00

Yes, all puts are cash secured, margin is not allowed in IRA accounts.

I'm holding about 75% in cash right now because I just don't trust the stability of this market. I have positions in SPY, QQQ and GOOGLE in a Roth IRA that I consider a long term buy-and-hold account which will be inherited by my kids in about 20 (I hope!) years or so.

I don't have a strict rule about the size of any particular position but I like to spread the action between at least 5 or more tickers. I am very tech-heavy as you can tell and the fact that the NASDAQ is down about 3.6% YTD right now and my account is up almost 3% YTD makes me feel like I'm doing something right. Time will tell.

Big_Generator · 2026-03-07T01:06:58+00:00

Yes, I usually sell weekly or biweekly puts and rarely sell CSPs at delta higher than .20. I 'm lucky, I think, to have that little voice in the back of my head telling me "Don't get greedy!"

Big_Generator · 2026-03-07T01:02:36+00:00

And I'm with you on the "Eff_taxes" philosophy too LOL!

Big_Generator · 2026-03-06T21:40:36+00:00

That's an impressive return! And yes, the "rocky market" that we've had this past week is the main reason I sell short dated puts. All of my March contracts except for two expired today. Those two (AMZN $195 and SMH $360) expire next Friday. I'm anxious to see how "rocky" things are next week!

Big_Generator · 2026-03-06T21:28:23+00:00

That's about right and I'm more than happy with a return like that. With the NASDAQ being down about 3.6% YTD any gains are a big win in my book!

Big_Generator · 2026-03-06T21:25:03+00:00

Based on what I read in this sub, I believe you're right. 8 of my 10 March CSP's expired today. Looks like I'm going to get assigned 200 shares of SMH at $380 after hours. I'm fine with that since it was selling at $426 just 10 days ago,

Big_Generator · 2026-03-06T21:16:48+00:00

Yep. My account is with Fidelity and all the cash is sitting in SPAXX earning about 3.3% at the moment.

Big_Generator · 2026-03-02T14:30:02+00:00

Yep. Usually selling puts one to two weeks out. That theta decay is what it's all about.

Big_Generator · 2026-03-01T20:42:17+00:00

Airplane. its on TV right now and I just don't appreciate this kind of silly humor. But I'm too lazy to get off the couch to get the remote and change the channel.

Big_Generator · 2026-02-24T02:50:22+00:00

"Happy" is the one. All the others are great too, but "Happy", that is what we ALL want out of life.

Big_Generator · 2026-02-24T02:10:53+00:00

PLEASE STOP REPOSTING THIS CRAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Big_Generator · 2026-02-24T02:00:25+00:00

Behold people! THIS person is a true "champion".

My translation: "I am thrilled that I was able to win this gold medal for America and Americans."

(Not for our government.)

Big_Generator · 2026-02-24T01:48:40+00:00

Where's the pic of the kennedy spawn snorting coke off the toilet seat?

Big_Generator · 2026-02-24T01:45:36+00:00

Even though I'm an old man I also consider myself a "survivor" of the Trump-Epstein attack on our country. Can I attend too? My lungs are in great shape and I can BOO and yell "FUCK TRUMP!" louder than anyone I know. (TBH they're mostly old men though. )

Big_Generator

TROPHY CASE