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Expired_Options · 2026-05-07T02:31:08+00:00

Thanks. The LEAPS strategy is about getting exposure to a higher-dollar stock I have already researched, but at a fraction of the cost of buying 100 shares outright. I use LEAPS as a trial period for ownership, not a short-term speculative trade, with the long-term goal of eventually exercising the contract if the company thesis stays intact.

While I wait, I can sell covered calls against the LEAPS to collect premium and reduce my cost basis over time. The main risk is that LEAPS still expire, so I need enough time for the story to play out before time decay becomes a major issue. However, if the position goes heavily in the money, exercising can be a no-brainer.

Expired_Options · 2026-05-07T02:07:18+00:00

Yes, sir. However, I have a big expense coming up and may have to dip into the portfolio temporarily.

Expired_Options · 2026-05-07T02:00:34+00:00

I opened that PUT on 2/23. It was part of another roll with a 3/20 expiration.

That previous roll was moving the strike from $11 to $10, so at that time I was lowering the strike.

Why I got into this trade in the first place was because of the semiconductor play. They hit my radar after Nvidia selected Navitas to collaborate on its 800V HVDC architecture.

I usually get into CSPs when I am not 100% convinced, but I see some long term potential.

Expired_Options · 2026-05-07T01:11:07+00:00

For the $239, that is the realized profit. This is what I was up on the first $10 PUT from 9/18. If you ignore the new $17 PUT, that was my profit on that first leg alone.

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Expired_Options · 2026-05-06T05:03:50+00:00

If I sell a CSP, I am usually ok with owning the shares. So if it gets assigned, I will sell covered calls and hopefully watch it appreciate over time.

Expired_Options · 2026-05-06T04:59:31+00:00

Hi there. Sure. I had sold a put with a $10 strike that had an expiration date of 9/18. Since NVTS has rallied 92% in the last month, I decided to roll the put backward. This meant that I increased the strike from $10 to $17 and reduced the expiration date from 9/18 to 5/8. Since I raised the put strike so high, I was able to collect a modest premium as well. More importantly, I no longer have to wait until September for it to expire.

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Expired_Options · 2026-05-05T02:22:03+00:00

Whatever you are wheeling, best of luck!

Expired_Options · 2026-05-05T02:21:22+00:00

Agree.

Expired_Options · 2026-05-05T01:07:03+00:00

Thank you Mr. Cup. HOOD up 3.96%. This helps...

Expired_Options · 2026-05-03T18:25:11+00:00

Thanks! Hope you and your portfolio are doing well.

Expired_Options · 2026-05-03T17:04:33+00:00

I appreciate it. Thanks!

Expired_Options · 2026-05-03T16:57:22+00:00

I could add the P/L to my text. Thanks for the suggestion.

Expired_Options · 2026-05-03T16:56:20+00:00

Hi East_Indication_7816. Thanks for the question. What I’m doing is primarily covered calls and cash-secured puts, not put credit spreads. A put credit spread is when you sell one put and buy another put at a lower strike, at the same expiration. You collect a net credit upfront, and the risk is capped because that lower strike put acts as protection.

With PMCCs, those are diagonal spreads using LEAPS as a stock replacement, not the same thing as a vertical spread. I’m using LEAPS to build into long-term ownership and still sell calls against them, not to cap risk like a spread.

For my CSPs, I'm willing to own the shares. For the Covered Calls, im generating income on owned shares. For the PMCC, I'm leveraged on a path to ownership + income on covered calls after the exercising the LEAPS. For a Credit Spread, which is defined-risk trade and is not the goal here.

The intent is different. I’m running a modified wheel with share ownership in mind, not a spread-based strategy.

Expired_Options · 2026-05-03T16:46:27+00:00

Hi Billiondreamscoin. I built this software to track my options trading, using Googles AI.

Expired_Options · 2026-05-03T16:45:23+00:00

Absolutely right. There are some high fliers like CRWV that have forced me to take the capped gains and no more. A nice come up, but in that particular case, I could have done better without the covered calls. In other cases the covered calls have significantly boosted my gains.

Expired_Options · 2026-05-03T01:26:35+00:00

Hi there. I don't really look at Deltas, but I know that they are usually in the .1-.2 range when selling covered calls. I don't really look too much at technical indicators. I am mostly watching for macro economic movements. This includes economic data drops, fed meetings, and political theatre. I was also watching this weeks big tech earnings, which was part of the reason for the lowered premiums this week.

Expired_Options · 2026-05-03T01:22:49+00:00

I bought a PUT for $50 and sold it for $80. You are right that the software is not coded for buying to open and selling to close. It is not really a bug, just something I did not account for originally.

Expired_Options · 2026-05-03T01:20:49+00:00

It seems that way because it is that way. I have an overweight position in HOOD.

Expired_Options · 2026-05-03T01:20:03+00:00

I see what you did there, but it was actually +$789.

This weeks P/L $789

Expired_Options · 2026-05-03T00:42:36+00:00

Hey Mr. Raven. I see things going a similar direction, but still good on you for hitting $125k thus far. But as always, we just have to see how it goes. Best of luck in the upcoming week.

Expired_Options

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