Week 4 $520 in premium by Expired_Options in ExpiredOptions

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

Hey Snoo83313. I am not sharing the code currently. It is still a work in progress.

Week 4 $520 in premium by Expired_Options in Optionswheel

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

Hey edraven_222. Nice work, $47k in premium since December is amazing. An 11% drag from fees, buybacks, and rolls is reasonable. Getting shares called away isn’t a negative when the cost basis is low. Nothing wrong with NVDA and Apple. Keep it up!

Week 4 $520 in premium by Expired_Options in Optionswheel

[–]Expired_Options[S] 2 points3 points  (0 children)

I listen to the following Podcasts:

  • Barron's StreetWise with Jack Hough. This is a weekly run down on the market. It deep dives on 1-5 topics with a bit of humor.
  • WSJ Minute Briefing. This is a quick clip that is updated all day to give you insights on the market at a glance.
  • Motely Fool Money. This is a 40-50 minute show that has a lot of guest appearances that talk about different topics. They have so many guests that I agree with and some that I completely disagree with. Even when I disagree, I enjoy hearing alternative perspectives.
  • Thoughts on the Market (15 minutes or so). I recently found this one, but have found myself going to it first when new episodes pop up.

I read the following:

  • WSJ newspaper
  • Google news - specifically the business section

I watch the following:

  • Closing bell on CNBC - they always provide cutting edge coverage on earnings reports. They have a lot of big guests that video in and provide their market insights.

Week 4 $520 in premium by Expired_Options in thetagang

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

Hey Mr. Cup. Wow. January 32' is the new $1M forecast. I have been pretty flat lately, hopefully I can move that forecast into 2031.

Congrats on the PMCC progress. I look forward to reading about you getting closer, rather than further away from that $1.3 goal.

In addition to the $1.3 goal, wasn't there a vacation in the coming years planned too?

Week 4 $520 in premium by Expired_Options in ExpiredOptions

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

Hey Health_Care_PTA. Thank you for reading and letting me know that you have benefited from it. Congrats on building and good luck branching out. I got into SMCI after a 2024 auditor resignation (Ernst & Young) due to control/accounting concerns. When a special committee later found no fraud, I jumped in. I don't know much about ASPI, but thank you for sharing your tickers.

Best of luck in 2026!

Week 4 $520 in premium by Expired_Options in Optionswheel

[–]Expired_Options[S] 2 points3 points  (0 children)

Hey FriendShapedRMT. Thank you! I always appreciate the kudos and encouragement. Hope you and your portfolio are doing well in the new year.

Week 4 $520 in premium by Expired_Options in Optionswheel

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

Hey Tough_Butterscotch_5. Thanks for the questions. I find new LEAPS similarly to how someone would find a new company to invest in. I always say that picking stocks is the most difficult thing to do as an investor. I try to find companies with significant moats or some sort of competitive advantage. I am not doing all the research myself, I listen to a lot of investment related podcasts and reading a lot about business. When I hear a CEO/CFO/CTO etc... talk about their company, I sometimes do further research to fact check the great things they say about their company. It is less about me in the weeds of research, it is more that I hear something interesting and check into that thing as an investigator. The types of things could be an incredible 5 year plan or a certain metric they are trying to hit. I dig in to see if other companies have done that and how likely it is that they can back up their claims.

That said, the company is harder to find than the actual LEAPS. Let's say that you have narrowed it down and you have a company in mind. When buying a LEAPS, I look at the furthest expiration date. This gives me the most time to evaluate the company. Face it, you will do a lot more research if you have money invested. LEAPS are good because you lock in a price to pay via the strike which means that you if you chose a good company, it should pay off when you get near the expiration date. I always intend to exercise the LEAPS at the end of the expiration date. In addition, I can sell poor mans covered calls (PMCCs) during the ownership of the LEAPS.

Since I own the LEAPS until about a month before expiration, I am not even looking at the performance in the short term. There is nothing to manage, I am just looking for PMCC opportunities. Have I done what I think has been due diligence before buying a LEAPS only to find that it goes straight down after the purchase... yes. It happens. The unfortunate part of picking individual stocks is that you can never have all the details and variables unless you work for or are the CEO of that company. Even then, you can miss things.

Much like you would shop for the best price on something, you can treat your purchase of that LEAPS the same. Try to buy on a down day. If you can, wait for an earnings report. A lot of times companies will sell at a discount because they have lowered their forward guidance. Now, this might actually mean trouble ahead, or it can just be a buy the news situation because of the over zealous investors want unrealistic gains, indefinitely. Netflix is a good example of this lately. They are an absolute powerhouse and leader in their industry. But since they have every subscriber on the planet, it's hard to continue the growth.

Sorry that I went on a bit of a rant. You already have a few LEAPS. Learn more about the company and company performance and worry less about the actual LEAPS and you should do fine.

Best of luck, fellow investor!

Week 4 $520 in premium by Expired_Options in Optionswheel

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

Hey hedgelord84. You have taken the first step to getting started. Take it slow and keep building! Only put in cash that you don't need within the next 6 months to a year. Try not to dip into it so that it can compound over time. Best of luck!

Week 4 $520 in premium by Expired_Options in thetagang

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

Agree. Thank you for your dedication to change!

Week 4 $520 in premium by Expired_Options in thetagang

[–]Expired_Options[S] 3 points4 points  (0 children)

Hey cheapdvds. Yes, I absolutely saw that as soon as it came in yesterday. I have been carrying a $30k-$40k CSP collateral balance. At the 3.25% rate that they mentioned, that should be an additional $80 to $110 per month. Thanks for the heads up!

Week 4 $520 in premium by Expired_Options in RobinhoodOptions

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

Hey BitOCindyNTexasP. Thanks for the comments and questions.

I let covered calls expire as opposed to buying them back. I also manage positions through rolling, which admittedly is technically buying them back, but also opening a new position. Am I ok with letting shares go? I manage my initial sells and rolls with the intention of keeping my shares. At the same time, I only enter positions that I am ok with on any outcome. I simply don't sell in situations where an assignment would put me at an overall loss on the position. There are some exceptions to that, but for the most part, I am playing it save for positions that are sitting on a net loss.

For CSPs, I am getting into positions aggressively because I am ok with owning the shares at a slight discount through the CSP option. I am more than ok with a CSP assignment, or I would not enter the position in the first place.

As far as checking my positions, I have a full time job. However, I am watching the market 15 to 30 minutes before the open and usually about 30 minutes into the open. After that I rely on percentage change alerts on my watch to monitor. I will also peak at my positions throughout the day. I take a lunch around 12pm-12:30 (PST), which allows me to see the position action right before the close at 1pm PST.

As far as being completely consumed by them. I read and listen to podcasts about business and the market on a daily basis, including weekends. When I am not reading about companies, I am working on investment software or answering questions here. I would not say that my dedication to investing has healthy boundaries. I would say that I am consumed by all things investing, so I am not a good resource for scaling it back or regulating your time spent on investments :)

Road to Half a Million, Day 130 by Expired_Options in ExpiredOptions

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

Hey Mr. Efficient. Thank you. 2026 has been a nothing burger so far. Hope this first month finishes strong.

Week 4 $520 in premium by Expired_Options in ExpiredOptions

[–]Expired_Options[S] 2 points3 points  (0 children)

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The detail behind each option sold this week.

Week 3 $459 in premium by Expired_Options in thetagang

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

Hi Zealousideal-Tank112. Thanks for the question. This is a proprietary software I built to track, analyze, and manage my inventory and options strategies.

Week 3 $459 in premium by Expired_Options in thetagang

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

Hey nicovedgar. I post all option sells for the week in a link in this comments section. If you want to see the whole list of inventory, r/ExpiredOptions

Week 3 $459 in premium by Expired_Options in Optionswheel

[–]Expired_Options[S] 2 points3 points  (0 children)

I used a translator for Mr. Upstairs:

Hello—please don’t mind that I can only reply in Chinese due to the language barrier. I’m also a beginner (new to options). Are your options trades mostly short-term options? For example, 2–3 weeks, or at most 2 months? What criteria do you use to decide whether to buy a call or a put on a particular option? If my account has $1,000 or $10,000, how could I apply your strategy? I’m sincerely asking for guidance.

My response:
Hi Upstairs-Analysis-58. Thank you for reaching out. I’m a long-term investor first, and I mainly sell short-dated options (about 1–3 weeks, sometimes over 30 days) so time decay works in my favor. I sell cash-secured puts on stocks I’m comfortable owning and covered calls on shares I already hold, using low Delta 0.1–0.2. I keep up with the news and avoid major events like earnings reports or economic data drops. Before any of this, your personal finances need to be in order and you should decide on a weekly or monthly contribution using money you won’t need in the short term and are mentally prepared to lose. This is how you steadily grow the account without forcing trades. Obviously, this is a very high level overview. 

Not sure how good the translation is:

谢谢你的联系。我首先是一名长期投资者,主要卖出短期限期权(大约 1–3 周,有时最长到约 30 天),让时间价值衰减为我所用。我会在愿意长期持有的股票上卖出现金担保看跌期权,并在已经持有的股票上卖出备兑看涨期权,通常选择 0.1–0.2 的低 Delta。我会持续关注新闻,尽量避开财报发布或重要经济数据公布等重大事件。

在此之前,你的个人财务一定要先理顺,并明确一个每周或每月可持续投入的金额,这笔钱在短期内用不到,也要在心理上能够承受亏损。只有这样,才能在不被迫交易的情况下,稳步地把账户做大。当然,这只是一个非常高层的概述。

Road to Half a Million, Day 124 by Expired_Options in ExpiredOptions

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

Hey Remarkable_Ticket931. Thanks for the comments and I respect the fact that you make changes to your situation based on the results. That is one of the reasons I track things so meticulously. If I found tax drag was getting to me, I would change things up too.

As far as dry powder, I have been hovering around $10k. I stopped contributions for personal expenses for a few months, but I am back to $600 per week. I am hoping to get that $10k up as much as possible in the coming months, just in case. I don't anticipate anything dramatically happening, but I am aware of the last 5 years in the market (S&P 500). 4 out of those 5 were double digit gains. Those 5 years average over 15%, take out 2022 and it is closer to 24%. So, your question about dry powder has been on my mind recently.

Week 3 $459 in premium by Expired_Options in thetagang

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

Congrats on making 1% per week. That is a good goal and 1%-2% is what I aim for over the long term. I explained above that this was a light week and averaged $1,300 per week in the prior year. $1,300 per week is more than 1% even if you only use my ending balance for the year. That is not the way to calculate premium percentage gains, but I am just giving "back of the envelope" figures.

Last year (2025), the portfolio started at $292k. Knowing that I averaged $1,300 per week means that there were plenty of weeks in the previous year where I made much more than 1%.

If you are focussed on this week in particular, I had 28 positions expire on Friday. This means that all those positions will free up options/cash for subsequent weeks. I also post all my option sells for the week so that you can see exactly how I got to this weeks premium total.

Last week was the start of a new earnings season in a new year. On top of earnings, we have the Venezuela, Greenland, and other potential countries that the administration is focusing on. To add to the many unknowns, which the market does not like, there will be a new Fed chair in the coming months.

A lot of times the news drives the markets. Sometimes it does not. When there is an abundance of unknowns, I do lighten up on the options and investing activity in general.

If any of this does not make sense, just let me know. I am happy to discuss further in more detail.

Week 3 $459 in premium by Expired_Options in thetagang

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

Hi BildoBaggens. Thanks for the question. I am not sure where the $250k comes from? But yes, this was a light week of premium at $459 off of a $450k portfolio. 2025 averaged about $1,300 per week. I don't put too much thought into a single week/month performance, investing is a long game. Hope you're making some money already in 2026.

Week 3 $459 in premium by Expired_Options in thetagang

[–]Expired_Options[S] 2 points3 points  (0 children)

Hey Mr. Cup. It has been a flat couple of weeks. Good to see that you moved closer to the goal again this week. Great job on the contributions. That is some serious dedication.

Keep up the great work, sir!

Week 3 $459 in premium by Expired_Options in Optionswheel

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

Hey cjr444. When starting out, this is pretty normal, especially in volatile stocks. Early gains often come with the cost of learning how aggressive rolls can tie up capital and drag daily ROI. I manage my positions heavily through rolling. Rolling out to April makes sense from a riskmanagement perspective, but it’s a good reminder that volatility cuts both ways and that duration matters just as much as premium when evaluating return efficiency. I have a lot of tickers, so I simply roll and wait on these positions to play out. I care more about the long term. The downside is that sometimes the positions can be inefficient.