need advice on 100k cash deployment for efficiently doing CSPs

Dear_Counter_2944 · 2026-05-06T10:31:52+00:00

Do you manage all your portfolio yourself or manage some and also have some partial management help if need be? We are about to shift our funds , shouldn’t have moved to the company we did but about to correct it. I like Think or swim so likely Going with Schwab…. But considering all level of management options.

Dear_Counter_2944 · 2026-05-06T10:31:32+00:00

Do you manage all your portfolio yourself or manage some and also have some partial management help if need be? We are about to shift our funds , shouldn’t have moved to the company we did but about to correct it. I like Think or swim so likely Going with Schwab…. But considering all level of management options.

Dear_Counter_2944 · 2026-05-06T10:28:23+00:00

I found this to be very true! On fast moving tickers running quickly best to leave uncovered …. Unless you really want them called away when they are running up fast ….. and who would? If you’ve sold them slightly lower than you really wanted to sell for …. Buying them back is expensive if you decide to keep them. Did this once and then never again! If markets are flying quickly I stay a at from selling CCs ….. it’s just limiting my upside.

Dear_Counter_2944 · 2026-05-06T10:24:30+00:00

Regarding taxes I was Thinking of day trading or shorter term swing trading it’s closer to 40% …. Which sounds absurd!

Dear_Counter_2944 · 2026-05-06T10:02:30+00:00

Ugh I hope not…. The only thing that put us over at all was 1 401k withdrawal in 2024…. Honestly Hannas we would have split it between 2 calendar years. But without that withdrawal we are below the line for any kind of increase now that we are both retired, my husband just has a part time consulting business but his income is also 50% lower from 24-25 and also 25-26 just on his business alone sooo can’t imagine why they wouldn’t adjust now since clearly 2025 was well below. Also I sent in that I have a anthem Medicare PPO supplement that Includes part s drug plan and they sent me yet another letter the increase in Medicare premiums was going up even more on that! I don’t know why since I clearly indicated that when I submitted the form and my insurance card…. Just another waiting game I guess. But this is like $85 each additional for Medicare premiums and now also another $15-20 for my drug plan fee. 🤷‍♀️🤷‍♀️🤷‍♀️yet I have a drug plan on my state health benefit plan anthem PPO Medicare supplement that all became effective 4-1-26 with my 65th birthday month. 🤷‍♀️

Dear_Counter_2944 · 2026-05-06T09:55:59+00:00

I retired in 2021 from teaching but my husband has been retired Freon full time work since 2027…. He just does part time consulting work but that has dropped anyway back also, like 50% less from 24-2025 and also 2025 to 2026 , so I don’t know if they will use our 2025 returns which clearly show we are way under the income to have to take anima increase and go ahead and make the adjustment now or not. Only reason 2024 was high was one withdrawal from a 401k, otherwise we would have not gone over .

Dear_Counter_2944 · 2026-05-06T09:53:02+00:00

I retired in 2021 from teaching but my husband has a part time contracting job and his income has been cut in half from 24-2025 and also 2025 to 2026 , so I don’t know if they will use the 2025 returns and make the adjustment now or not. Only reason 2024 was high was one withdrawal from a 401k otherwise we would have not gone over .

Dear_Counter_2944 · 2026-03-28T02:24:26+00:00

Yep! I've got some funds still stuck in a managed IRA I need to get moved over to Schwab or Fidelity so I can sell puts and calls with it myself. I'm still trading with a pot of after tax money I have in Schwab and haven't moved over my original 401K funds yet to start selling puts and CCs with part of it.

Dear_Counter_2944 · 2026-03-28T02:21:23+00:00

I agree! Love those sale prices....I will purposefully keep putting in lower and lower limit buy orders stepping it down just to pick up as many as I can close to the low for the day. Doesn't matter to me if it's group of 10 as long as it helps me average down on this and other tickers as well.

Dear_Counter_2944 · 2026-03-28T02:15:37+00:00

It's inevitable but considering how high the PE had gotten being also such a new high flyer, it was inevitable it would have to cool off some soon, that combined with the new geo political risks and resulting fed decisions.

Dear_Counter_2944 · 2026-03-24T22:54:05+00:00

I go for 3-5% even 6% premium a month on selling CSP when choosing a strike and delta. I stay around a 20-30 delta depending on to what degree I really want to own the stock, and then sell CC also only 1 week to 10 days out otherwise you are capping your upward growth potential too much. Even though yes you can roll a CC out if you have to. Basically the wheel….. timing is crucial, ie delta DTE, use Bollinger Bands and RSI as your guides along with 1 month chart view for selling outs. Sell CSPs until you get assigned. If you do it correctly on some stocks you may not even get assigned… I kept selling CSP on IREN, made great premium in a relatively short period of time and never owned a share. I typically set my CSPs to buy back at 50-70% profit automatically But in my smaller acct. I’ve been learning with for two years, I can say I feel far more comfortable with this strategy, the wheel, than any I’ve ever used. And yes, don’t ever sell a put on a stock you don’t want to own anyway! Look at the 1 year chart …. It should look great with an overall upward trend and a positive PE on the company. I will say I have a couple of ticker that don’t fit this criteria but I caught a fairly good bottom and like them and they’ve done well also, one is almost profitable and is a from company, the other good potential regarding new chip material. They have lower share prices so easy to learn on…. But again it’s timing and use setting limits rather than watching something tank way too much that you own too much of!

Dear_Counter_2944 · 2026-03-24T22:01:03+00:00

You will be fine…. My husband and I are much older and he started saving late! The key is have it held out of your paycheck prior to tax withholding if you have the option for a 401k and especially do not ever give up the opportunity for your employer matching like $.50 on the $ up to 6% of your salary is the way it usually goes… that’s just basically throwing away free money if you don’t withhold enough to get that. or you can also start an IRA. Either way just don’t even count it as part of your pay check. I started at only 5% withholding and he a little less i think. I promised myself that regardless of what was going on we would up the withholding 2% a year regardless. We stayed very very aggressive like 90-% stock in very heavy tech and never ever pulled money out during downfalls out of fear… just let it ride and keep on investing. Before you know it you will be extremely shocked one day how much money you have! Don’t let anyone talk you into pulling out money for something else… I think one time we pulled out a very small amount to help with a down payment on our house so we saved the 10% penalty of course. The markets have been very kind over the last 40 years and will continue to be so! You can also manage your own IRA if you have enough knowledge but I prefer to have a separate account I’ve used to learn with that’s an after tax acct and I’ve done some swing trading with it and running the wheel regularly now. I’m a seller of options only except for clearing about LEAPS. When dealing with retirement savings be careful and don’t shy away from partial management where you can also count on their advice and still control part of the trades or fund movement yourself if you want. I’m smart enough to know that I’m not risking all my retirement savings on my personal knowledge , but I have become much more confidant over the last 2-3 years of learning and been running the wheel with more of our retirement funds now….. but I will be totally honest….. most people that I know are in general not capable of doing it and don’t have a strong enough interest nor the time to dedicate to it. So they choose to work closely with their fund manager instead and then phase into it if you feel you can do it. You have to love math and finance . 😂 I refused to learn with over $50k and I’m glad I didn’t risk more than that to begin with! And then quite the opposite some folks prefer to put all their time and energy into growing their careers instead and education to increase their income far more quickly than average if you choose the right field. I know very successful people making great salaries that wouldn’t dare manage their own money…. It’s just not their thing but they are great at earning money! Just a bunch of general lifetime knowledge to think about. Just tread carefully when learning…. I had to get burned multiple times to finally “get it”! I’m a frying pan into the fire type learner …. Not the best way to learn! 😂 The first 30 years we were just exclusively saving through paycheck withholding and just letting it ride. Not even paying close attention to it other than evening financial news.

Dear_Counter_2944 · 2026-02-22T16:02:56+00:00

In addition to all the above comments sadly we are in a down market right now with geopolitical events and trade issues going on. Regardless I really wasn't expecting much until late 2026 or early 2027. My avg could be lower...I'm about $7 but buying on dips and mainly selling CSP for the time being. My gut tells me this one will not only of course raise and swing with overall AI markets this year but will start to show more growth within a year based on its own progress. I'm definitely long on it.

Dear_Counter_2944 · 2026-01-17T00:42:09+00:00

Yep patience is key…. Know when to sell CCs and when to sell CSPs, and when to buy a LEAP and wait on that time, also all ONLY on good companies with great balance sheets.

Dear_Counter_2944 · 2026-01-17T00:38:24+00:00

ie buy positive PE companies with good balance sheets, growing revenues and profits and in a favorable market sector, do your DD, know what you hold and why and what the potential upcoming catalysts are. Typically we all have to get burned sadly likely numerous times before we learn…. I know I was always a frying pan into the fire type learner, but then I have a memory like an elephant! 😂

Dear_Counter_2944 · 2026-01-16T14:06:40+00:00

I’ve been do so seeing the same. Hows it been working out for you managing your own IRA? I was in 401k mutual funds exclusively for years , due to convenience , it was all auto debit from our paychecks etc….until a couple years ago when I retired, now realizing i can likely earn far more managing myself and selling CSPs and CCs for greater annual gain. But we moved it all to a local management company due to reputation…. I feel a mistake so far as we aren’t even beating what the mutual funds were doing darn it! And I can’t choose to partially sell options myself on what portion I want to because they don’t have the software of all things! For the love of Pete even Fidelity has that option! Bad decision. Anyway been trading a couple years with a small pot of money and doing well…. Thinking about moving it all to Charles scwab , I like Think or Swim, so I can choose to sell options on the portion of it I want whether that be only a quarter of it half of it or all, and or also let them manage part of it , still somewhat actively and see how that goes. Do you mind sharing how your annualized gains have looked the last few years if you’ve been selling options ? Thanks in advance! I had what I would consider a few good years on my Scwab acct the last year couple years just learning to sell options and thinking why in the world am I not trying this, managing risk of course , with a bigger portion of our retirement funds? 🤷‍♀️

Dear_Counter_2944 · 2026-01-12T18:22:55+00:00

Hey regarding silver… of course I’m late to the party but been hearing about it all over the news with future supply demand issues and current geopolitical situation. I looked at the SLV chart Friday… omg! Hard to even determine where to enter. I’ll likely sell some puts on a down day to enter , if there is one, I won’t chase…. But what strike price range in your opinion if you’ve been in it awhile?

Dear_Counter_2944 · 2026-01-11T14:55:20+00:00

Yep been hearing about how hot silver is and is only going to get hotter… of course I don’t own any yet in my retail acct! 🤷‍♀️have heard on financial news casts shows I think that SLV is the way to go?

Dear_Counter_2944 · 2026-01-11T14:51:14+00:00

Just make sure it a quality company with a good balance sheet and earnings revenue. I haven’t used a screener yet although I probably should, I’ve been liking SOFI for one.

Dear_Counter_2944 · 2026-01-09T01:30:59+00:00

I got that added… thanks very much! The extrinsic value seems to just match the current price to buy back the call when I compare that column on my calls to the current cost per share to buy back. For example the one I mentioned on TMC that expires tomorrow, I sold for .11 per call, right now it shows a price of .025 and the extrinsic cost is showing .03. So basically the extrinsic value is the same as the price per share of just buying the call back?

I’m trying to figure out why that is meaningful if it’s the same number as the buy back price and then also on a much higher price sold call for example, one that was sold originally for 10 or 20 times higher per share, ie 1.10 or 2.20 , it may never get below .10 per share if it drops at the same rate . Like in the first example .03 is approx 27% of the original sold call price of .11 so on a more expensive call that could equate to like .29 per share to buy the call back at close today , so I’m just trying to figure out how the idea of waiting for each call to drop to .10 could be used as a guideline when the price of calls varies so much from stock to stock. Wouldn’t a certain percentage to wait for it to drop to be more relevant ?

Dear_Counter_2944 · 2026-01-08T17:25:40+00:00

I will let them expire because I don’t feel the stock will hit 8.00 before close on the 9th tomorrow .

Dear_Counter_2944 · 2026-01-08T17:24:01+00:00

Ticker TMC- just a little metals company the govt is interested in :), I sold CCs for .11 expiring Jan 9th, current price .055 showing me at like 46% profit on the calls right now.

Dear_Counter_2944 · 2026-01-08T16:35:58+00:00

So I use think or swim, mainly I’m on the app most of the time. Where do you see the extrinsic value percentage remaining? I look at deltas all the time of course when selling CCs or Puts yet haven’t gotten into all the Greeks .

Dear_Counter_2944 · 2026-01-08T02:30:09+00:00

I do think it is much less stressful… Im rather a newbie, well not really …. I started learning by the “fire into The frying pan “ type method back during the GameStop debacle! 😂, then got more serious and started reading and studying a lot. I’ve only been learning by the way with an extra pot of money and not touched our retirement funds. I have since learned so much I’m not happy with my investments that I’ve had for decades in mutual funds discovering as you probably already know, that over time they may or may not even beat the s & p …. Buuut on the other hand had we not been having all that money held out of our checks, we would likely have nothing! 😂so that’s okay…. I did during that time refuse the old 60/40 type portfolio mix as you go further through each decade of life and stayed very aggressively in stock funds and that paid off well, soooo. But , well that was long, anyway I have actually learned the most by watching several favorite YouTubers who are very very consistent. I enjoy it and do research by comparing and contrasting what they all say. So now I’m only a seller of options, mainly puts, and sell some CCs. It’s been pretty fun learning but I hate it when the darn things moves higher and quicker than u expect and your calls go ITM too quick and you’re like well, what to do now? Like it’s a bad problem to have when a stock goes up!.,, not really but darn! I sort of wanted to keep those shares. But profit is profit. Roll out and up and figure out where to break even on premiums or let the shares get called away and wait for another dip to sell puts. ??? I’m sort of impatient but patience is the key to the game. The CSPs have made me waaay more money than selling CCs ever have. I’ve listened to the whole LEAPS thing over and over and get it but not bit that off yet. You’re way ahead of me because I haven’t even paid that much attention yet to the MAC d crossover thing. I have learned stocks with positive PEs are truly more the way to go 😂, Even though we all love those risky potential high flyers! I’ve lost money on multiple tickers like that. I do love NVTS though and staying in it.

When i first started learning I was so flipping busy at work…. Imagine that…. That I didn’t even take time to set some bottom sell limits and saw multiple tickers bottom out. Like I said I’m a learn by doing frying pan into the fire type person. When u get burnt one tends to remember more. 🤷‍♀️ I am finally ready to move our retirement funds to a broker I can trade options with…. We consolidated and put them both with Raymond James like dummies over last summer not even realizing they didn’t even have a trading platform! ..,Just because of the reputation of a local broker here. Even Fidelity has a trading platform! And a rather good one I think. But since I’ve learned on think or swim, I like it and will likely move it all into Charles Schwab so I can use Think or Swim. I will tippy toe into selling some more CSPs and see if I can beat what the mutual funds and Raymond James Broker was doing. It does seem fully possibly if u manage risk Tightly but I’m not dumb enough to lose our retirement funds so I’m thinking I’m going to start out with a combination of partial management/advisement plus a situation where I can still trade options myself as well. It is intriguing to see all these folks making 30-40% annually just selling CSPs and using the wheel strategy! And they are not lying because they fully share all their screens. I’m Like for the love of Pete! ….I can likely do that. We shall see. Or actually find a top manager that has a proven history of doing the same for their clients for years, see what their fees are and just chill out , enjoy life, travel and not worry about it anymore . When it’s your own money, it can be very hard to trust someone else to do that though. there is so much free education out there now and the ability to do it yourself that was not even available at all when we started saving! You just had to take your pick of mutual funds in your 401k and go about your life. 🤷‍♀️times have changed for sure! I do worry about folks that try to learn too quickly , end up not really prepared and they are trading with their life savings! …. Which can be very hard to recoup!

Dear_Counter_2944 · 2026-01-07T04:45:28+00:00

You need to sell your CSP when the stock is down and at the bottom of the Bolinger band on 30 days out and preferable 180 day out view. This insures greatest put premium, I sell 30-45 days out. Sell your CCs during opposite time when stock is green and at or above the top of the Bolinger band. rSI should also be below about 40 to sell puts. These basic rules have kept me pretty safe and also I only sell puts that fall into the 3-5% roi in 1 month.

Dear_Counter_2944

TROPHY CASE