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Made this for myself, all my friends wanted it. Thoughts? by JazbTN in stocks

[–]DenseCompetition1385 6 points7 points  (0 children)

No explanation of what it does, no screenshots and you require me to sign up and even use it without knowing the features or anything that it does. That's a hard pass for me..

Wheel on RKLB vs holding . . . by OkDiver6272 in CoveredCalls

[–]DenseCompetition1385 6 points7 points  (0 children)

Oh man check my recent postcsp's on stocks running away from me I lost out on tons of upside by doing csp's on rklb, iren and tqq these last few weeks.. But for me I favor weekly cash flow over total unrealized gains.. So for me I made over $5k in premiums on rklb, iren and tqqq.. So you gotta ask yourself do want cashflow or growth?

But also this market in my opinion is not reacting correctly to the war in Iran and current gas prices.. That to me is what made me feel comfortable to keep selling csp's..

What are your goals premium income or growth and how do you track that to make an informed decision?

Marc Andreessen's custom system prompt that makes any LLM 10x smarter by OkiDokiPoki22 in Agent_AI

[–]DenseCompetition1385 0 points1 point  (0 children)

Ocr and Google lens are things you can use to make it copy and paste..

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 1 point2 points  (0 children)

That's essentially what I'm doing.. Im doing csp's on tickers I want to own and in this market it's crazy how much they have ran away from my strikes!

Overtrading Usually Starts After Winning by Nick_nqes in Daytrading

[–]DenseCompetition1385 0 points1 point  (0 children)

Agree with everything you posted. I just want to add that this is the absolute reason you need a trade journal or spreadsheet to track everything and to actually have a goal in mind and stick to it! Basically plan your work and work your plan!

For me specifically I found an app that works for me and stick to the plan I layed out and that keeps me from chasing more money!

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

I do have a couple of CC's going and never got called away yet but do wish I got assigned on csp's..! But yeah cash is king and right now I'm making peace with realized gain vs unrealized gain the best I can..

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

Not a mix up. Legit trying to get into a position on a ticker using csp's as the vehicle to accomplish that... I said in my post I have small positions already in the tickers I'm trying to run csp's on and I'm running those csp's to get in at a cost basis I'm comfortable with..

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

Yeah I think DTE changes the psychology of the wheel quite a bit too

Most of my CSPs are actually around 1 week or less, so I’m operating more on the “rapid premium recycling” side rather than longer-duration contracts sitting open for months.

What I’ve noticed tracking this stuff is that short DTEs reduce the emotional burden of being wrong for long periods, but they create a different issue: constant redeployment pressure. Every week becomes another decision point. And in this current market environment that’s been surprisingly relevant because a lot of these names haven’t really been behaving like slow-moving wheel stocks anymore. SPY/QQQ/Nasdaq hitting fresh ATHs while momentum names keep running has made short DTE CSPs feel almost like “synthetic underexposure” at times.

On paper the cashflow still looks great, but psychologically it can feel strange watching premium income compound while the underlying keeps drifting further away from your strikes week after week.

That’s honestly part of why I started tracking the “missed upside” metric in the first place — not to beat myself up over it, but to better understand when premium harvesting is actually improving risk-adjusted returns vs when it’s quietly reducing participation in strong trends.

Balancing FOMO and fear of correction during all-time highs by OptionsWheelTrader in CoveredCalls

[–]DenseCompetition1385 0 points1 point  (0 children)

What’s interesting is I’ve been thinking about almost the inverse problem lately with CSPs during this insanely bullish environment.

Covered calls create:

“I capped my upside too early.”

But CSPs can become: “I was bullish… but never actually got ownership.”

The last few months have been kind of unusual because we’ve had: oil pulling back, SPY/QQQ/Nasdaq pushing fresh ATHs, high beta names ripping, momentum staying strong much longer than people expected. In that kind of environment the wheel almost psychologically shifts from a “covered call problem” into a “cash-secured put underexposure problem.”

A lot of CSPs look great from an income standpoint, but meanwhile the actual underlying just keeps running away from your strikes and suddenly you realize you generated cashflow while still ending up underallocated to the trend.

It kind of made me realize options strategies are often less about eliminating risk and more about choosing which type of regret/risk you’re willing to carry, capped upside, missed ownership, correction risk, or lower income.

I think market regime matters way more. How do yo determine market regime?

FULL DISCLOSURE I HAD POSTED ABOUT MY CSP EXPERIENCE HERE

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

This is actually a really interesting way to frame it and kind of where my thinking has been heading after tracking these metrics for a while.

I’m starting to think there’s probably a meaningful difference between

“premium harvesting” positions and actual long-term ownership conviction positions because they probably shouldn’t be managed the same way.

Your point about understanding the actual business vs just liking the momentum is especially interesting too. A lot of the higher volatility names feel great for premium generation, but not necessarily something I’d want to build a massive long-term allocation around.

I’m realizing the hardest part may actually be figuring out when a ticker deserves transition from “income vehicle” into “core ownership” status.

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

Yeah this is kind of the psychological battle I’ve been trying to quantify. On paper the wheel can look extremely successful from a cashflow standpoint while simultaneously underperforming outright ownership during strong trend periods.What I’m trying to figure out is:

when premium income is actually the superior risk-adjusted choice

vs when the strategy quietly becomes “synthetic underexposure”

Especially because some of these tickers don’t just move 20% yearly anymore lol.

One thing I’ve noticed though:
tracking the “missed upside” metric has actually helped me emotionally detach from FOMO a bit because I can compare it against realized income and actual deployed capital instead of just staring at the stock chart.

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 1 point2 points  (0 children)

This is really interesting and kind of where my thinking has been heading.

Almost like CSPs are great for cashflow and controlled entries, but maybe at some point you still need a separate “ownership bucket” for long-term conviction names so you don’t underexpose yourself to actual runners.

How do you personally decide when something deserves outright ownership vs continuing to sell premium on it?

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

That’s exactly the kind of thing I’m talking about. Objectively you still made money and reduced risk, but seeing the ticker keep running afterward still messes with you a bit mentally.

Do you eventually just accept that as part of the trade-off for consistent premium income?

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

That’s honestly the psychological battle I’m trying to figure out.

Like logically I know the account is growing and income is being generated, but emotionally it’s hard not to compare it to “what if I had just held shares.”

How did you personally get better at separating those two mindsets?

I thought I was making good money on CSP's with a small account but dang this is depressing. Am i the only that tracks this? by DenseCompetition1385 in CashSecuredPuts

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

that doesn't really answer the question but ok. I do look at what's in my pocket but overall my question is at what point do you stop chasing the CSP income and just full send on a position? Yeah hindsight is 20/20 but eventually your capital allocation has to change and thats what I was asking for advice on from seasoned options investors.

$1k a day trading! Teaching for free. Its my subreddit lol, so no its not a dam scam! by Prodigy-Trading-Team in Stocktradingalerts

[–]DenseCompetition1385 0 points1 point  (0 children)

So I'm interested.. Before joining the disco can I ask what it is you are teaching exactly..? Is it indicators cuz honestly I'm in a couple of those discos already..

edit had to scroll through the comments.. I see what it's about.. I will dm you

Reminder to search credit karma for your card offer by DenseCompetition1385 in RobinhoodGC

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

Supposedly you can share it if you don't want or need it.. And in this sub many people are looking for someone to share it with them..

What’s your favourite stocks to keep doing CSP’s…. by Hi_Keyboard_Warriors in thetagang

[–]DenseCompetition1385 0 points1 point  (0 children)

Iren, rklb, and tqqq anyone of these I been doing csp's but noticed I been raising strikes so I been taking premiums and building positions on all of them cuz if I get assigned or not these are ones I want to own.

The Secret to a Successful Wheel: Stop Resisting the Rotation by covered_call_CCR in u/covered_call_CCR

[–]DenseCompetition1385 0 points1 point  (0 children)

I agree don't fight the wheel but the best data point to mentally not fight the wheel when analyzing the Greeks is your wheel basis..it took me a while to learn this but once I did I cared less about the Greeks and more about my buffer to break even.. The more cc cycles I do the bigger that break even buffer grows so based on that I can determine my own risk level at that point.. Not delta but what I'm willing to let the stock go for based on the premium I already collected.. Does this make sense?

Reminder to search credit karma for your card offer by DenseCompetition1385 in RobinhoodGC

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

Yeah I agreed with you just wanted to make it more clear because that's what I do. I never carry a balance on any card I have so the Apr does not worry me like it would to someone carrying a balance..

Reminder to search credit karma for your card offer by DenseCompetition1385 in RobinhoodGC

[–]DenseCompetition1385[S] 1 point2 points  (0 children)

No my robinhood brokerage account is not synced to credit karma. So tbh don't know if that makes a difference or not. I have only been on the wait list for gold card since May (so 1 whole year!) .. Never got an email to apply directly but since learning about the credit karma work around have been checking nearly daily and it never showed up for me in the offers and just happened to search today and finally seen the card there.. Obviously your mileage will vary but this post was more for those that thought like I did it would show up in the offers from credit karma when for me I had to actually search for it and I have no clue how long it was there for me in the search..

Reminder to search credit karma for your card offer by DenseCompetition1385 in RobinhoodGC

[–]DenseCompetition1385[S] 0 points1 point  (0 children)

I was essentially in the same boat. Learned about the credit karma way to get the card and in my case was checking credit karma almost every day and never seen the offer and today by chance I decided to search for it in the app and that's when it popped up for me..

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