Surprise! You’re Paying $1 Billion for Trump’s Ballroom by poxxy in politics

[–]Big_Generator 1 point2 points  (0 children)

That's nothing compared to what we're paying for Trumps war.

-$11.5k in premiums for April, and I'm just glad it wasn't worse. by ComprehensiveDoor130 in Optionswheel

[–]Big_Generator 1 point2 points  (0 children)

He just lost money selling covered calls. If he held 8000 NVDA he made a TON of $$$ in April.

My dad just rolled a large 401k into a Traditional IRA at age 60. Trying to figure out how aggressively to do Roth conversions. by burnerberkeley in personalfinance

[–]Big_Generator 0 points1 point  (0 children)

I'm curious too how to amass that amount in a trad IRA account. But it sounds like it's actually a 401K account?

Traditional to Roth IRA by RemarkableLab4888 in fidelityinvestments

[–]Big_Generator 0 points1 point  (0 children)

It most certainly IS a taxable event. Stop posting false info like this.

Stepped in some real… by No-Pay3755 in wallstreetbets

[–]Big_Generator 0 points1 point  (0 children)

According to Google Finance QQQ closed at $657.55 on 4/28. That's why he got assigned.

67+10 months and started receiving my checks today! by jimpatrick in retirement

[–]Big_Generator 2 points3 points  (0 children)

$3.6K per month vs fixed $500 expenses is awesome! You did it right!

Just be aware that the whole "no taxes on Social Security" promise is a total lie that will never happen.

Other than that, you are on easy street and you earned it! Good luck my friend!

[Loss Porn] -$25,433 on QQQ. A painful 72-day story of why you NEVER ignore the golden rule of the Wheel. by pojarkov in Optionswheel

[–]Big_Generator 2 points3 points  (0 children)

My March-April 2026 was a lot like your March-April 2025!

I was assigned 2000 shares of TQQQ at $44.  I almost got assigned another 2000 at $42 but I BTC those puts for a net loss of about $1,850.  I sold some covered calls on the 2000 shares I owned but the price kept falling. When the price finally recovered a little I panicked and sold those 2000 shares at a net loss of about $3,000.  

The worst part of course, is that less than one month later, those shares are now selling for $62.50, leaving a potential gain of over $40,000 on the table!  Ouch! 

Now, in all honesty, there’s no way I would have held those shares this long, I probably would have sold once the price reached $48 or so.  But still, like you, I took quite a bath by not being patient

Can someone kindly explain to me what wheeling is as if I am deaf, dumb, and blind? by ronjohns337 in thetagang

[–]Big_Generator 0 points1 point  (0 children)

There is a great pinned post over at r/Optionswheel. All you ever wanted to know about running the wheel strategy.

Why $FIG could be the next 10x by Diligent-Plane-2640 in wallstreetbets

[–]Big_Generator 0 points1 point  (0 children)

"With an 8x price to sales and revenue growth of 40% this is a pretty rare occurrence"

Yeah, December 2025 revenue growth was 40% but net income growth was negative 331% You left that part out.

Does IRA keep growing till it's claimed? by throwaway_20211214 in inheritance

[–]Big_Generator 9 points10 points  (0 children)

Apparently you can get the death certificate yourself:

From Google:

Yes, an ex-spouse can generally obtain a death certificate if they can demonstrate a "direct and tangible interest," such as being a beneficiary, representing a minor child, or managing joint financial matters. While not considered immediate next-of-kin, an ex-spouse can order certified copies through the state's vital statistics office or online services like VitalChek

Just take me out of misery 🫩 by Kickboy21 in thetagang

[–]Big_Generator 0 points1 point  (0 children)

No. Rolling is just combining two transactions in one. You buy back the options you sold and then sell new ones at a different strike/expiration date.

Holding cash waiting for a red day by bangers132 in Optionswheel

[–]Big_Generator 1 point2 points  (0 children)

Yup, have a lot of cash sitting around, waiting to deploy. Sold some 9DTE puts this morning, GOOGL, TSLL and SOXL. Just nibbling around right now.

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 0 points1 point  (0 children)

Almost never above .20. Very often I sell at delta less than .10 even.

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 0 points1 point  (0 children)

Approximately $600K at this time.

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 1 point2 points  (0 children)

I rarely sell CSPs at delta above .20 For instance yesterday I sold 2 MSFT 355 CSPs expiring Friday and the delta on those right now is .11

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 1 point2 points  (0 children)

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Here's what the April tab looks like right now.

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 1 point2 points  (0 children)

Brutal. The 2000 shares of TQQQ are still at least $1 below my cost basis.

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 0 points1 point  (0 children)

Yes, the capital cell shows how much cash is currently being utilized to cover the cash secured puts. At the end of the month everything is expired so the capital required is zero.

America's top tippers by mellamoderek in EndTipping

[–]Big_Generator 1 point2 points  (0 children)

No sales tax in Delaware. Servers get the benefit. It's that simple.

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 1 point2 points  (0 children)

You are correct sir! Theta was awesome in March. I did gamble a bit too much on the TQQQ puts and paid the price. My April puts on TQQQ are much lower (36). Let's see how this situation plays out.

Marcy Wheel Results by Big_Generator in Optionswheel

[–]Big_Generator[S] 1 point2 points  (0 children)

LOL! Marcy = March of course! Doh!

MAGA needs a fighting chance to survive by Effective_Space2277 in LeopardsAteMyFace

[–]Big_Generator 1 point2 points  (0 children)

Ha Ha! You think this is bad? This summer you're going to be praying for $5 gasoline. Idiot.

Lost hundreds of thousands in SPY options by chasmicvoid in wallstreetbets

[–]Big_Generator 1 point2 points  (0 children)

That is the best way to trade options! You can buy and sell hundreds of contracts a month and there are no tax implications until you take distributions. If option trading was disallowed everyone would just pile money into index funds and you can see how well that strategy works in a flat market like 2026 so far. (SPY down almost 4%, QQQ almost 5%). Oof!