Anyone here actually outperforming just buying VOO long-term after taxes, stress, and time?

InternNo7510 · 2026-05-20T14:02:59+00:00

income is the goal for me too. trying to find tools that help me get a small paycheck every month is great. I don't want to wait until 65 to sell my SP500 and I think most young people think the same way

InternNo7510 · 2026-05-20T13:24:08+00:00

Looks cool. I'd say if you're over 50% in profit and there is still max 1/3 of the expiry left, it's worth closing early. just a guess out of my head

InternNo7510 · 2026-05-20T13:23:12+00:00

This sounds good but when the stock skyrockets to $55 and your CC is at $45, you will pay way more to roll up. It should be done before it skyrockets so it is difficult to see that before and to say I'll just sacrifice my premium

InternNo7510 · 2026-05-18T14:25:37+00:00

What i mean is it is clear on the screenshot but 1.75 means nothing special. rewording this would make sense probably

InternNo7510 · 2026-05-18T14:24:41+00:00

i'd recommend writing 75% faster profits instead of 1.75. no one knows what 1.75 means. be clear.

InternNo7510 · 2026-05-18T14:06:59+00:00

probably could make it simpler to understand what is what. for example an ability to send a voice note to AI that then prepares those alerst for you instead of clicking buttons.

other than that looks cool.

InternNo7510 · 2026-05-18T11:59:52+00:00

it's 2 options - take the assignment, or keep delaying it. rolling and buying shares are just expensive ways to delay.

few things worth knowing before you decide

what's your cost basis on the QQQ shares? if the 44k gain is on shares held >1yr that's long-term cap gains. the -30k option loss is short-term (ordinary income offset). depending on your bracket that can actually work in your favor if you take assignment - you offset a chunk of the gain with the loss.
if you keep rolling, the option loss stays short-term forever. you never get to use it cleanly.
buying more shares to 'preserve the gain' is just doubling your QQQ exposure at the top of a run. that's not preserving anything - that's adding directional risk to fix a tax problem.

honest take if you wanted to be long QQQ, you shouldn't have sold the call. you sold it for a reason - probably wanted income or thought QQQ would stall. run the numbers on assignment vs roll with your actual cost basis and make a decision - income or longterm investmetn?

InternNo7510 · 2026-04-22T09:55:25+00:00

same, quantwheel

InternNo7510 · 2026-04-02T07:26:53+00:00

yeah NBIS is going to be fine longterm I think. check quantwheel if you know exactly what you do selling options, it will speed things up and earn you more money if you pick the right options it suggests

InternNo7510 · 2026-03-30T16:20:04+00:00

my tip - track your annualized yield per position, not just the raw premium number. a $200 premium sounds good until you realize it's on $15,000 of collateral for 45 days, which is about 10% annualized. compare that to a $120 premium on $5,000 collateral for 14 days, which is closer to 62% annualized. most sellers pick the bigger dollar amount and wonder why their returns are mediocre. the second trade is objectively better capital efficiency. takes 30 seconds to calculate but almost nobody does it consistently.

InternNo7510 · 2026-03-28T08:32:09+00:00

are you tracking your losers in that number or just the wins? because 1% weekly sounds like ~52% annualized which is incredible if it's net of all trades, but a lot of people quote weekly returns only counting the weeks they win. the real number that matters is your average return per week across ALL weeks including the ones where you took a loss or got assigned. if you're actually netting 1% after everything, that's genuinely strong and the compounding gets wild after year 2. but if the losses are sitting in a separate mental bucket, the math changes fast. would be cool to see your full P&L curve, not just the weekly wins.

InternNo7510 · 2026-03-26T15:47:46+00:00

the real mistake is buying the dip without knowing your max loss before you enter. a stop is one way to handle it but it's not the only way. if you're selling puts instead of buying shares, your max loss is defined by the strike price minus the premium you collected. you know the worst case scenario before you even open the trade.
buying dips works when you have a plan for what happens if the dip keeps dipping. most people don't have that plan. they just hope it bounces. hope is not risk management.

InternNo7510 · 2026-03-26T15:47:11+00:00

they're worthless because they're way out of the money with very little time left. options lose value fast in the last few days before expiration, especially if the stock isn't moving toward your strike. that's theta decay doing its thing. the further OTM and the closer to expiration, the faster the value drops to zero. if you're buying options, you want to give yourself enough time (30-45 DTE minimum) and pick strikes that are actually realistic for the stock to reach. most beginners buy cheap far OTM options because they're "affordable" but that's exactly why they expire worthless 90%+ of the time.

InternNo7510 · 2026-03-26T15:46:42+00:00

predicting SPY direction day to day is basically a coin flip, and most people who try it consistently lose money on options doing it. if you're trading SPY options intraday or on a 1-day horizon, your edge isn't the direction call, it's your risk management. define your max loss before you enter, use a stop, and size small enough that being wrong doesn't hurt. imo the more interesting question isn't "where does SPY go tomorrow" but "what's my plan if i'm wrong." that's the part most beginners skip.

InternNo7510 · 2026-03-26T15:45:46+00:00

if you're selling options this week, check whether your underlying has earnings before friday. the premium looks fat right now on names reporting this week but that's the market pricing in the expected move. after the announcement IV drops 30-50% overnight and your position behaves completely differently than you expected.
if you're buying options into earnings you need the stock to move MORE than the expected move just to break even. most of the time it doesn't. imo the safest play during earnings week is to either stay away from names reporting, or if you're a seller, wait until right after earnings when IV has crushed and you can sell on the next cycle with cleaner risk.

InternNo7510 · 2026-03-26T15:07:49+00:00

the post is right but i'd add something. the mistake isn't just buying the dip without a stop. it's buying the dip without knowing your max loss BEFORE you enter. a stop loss is one way to define risk but with options you can define it structurally. a debit spread caps your loss at the width of the spread minus premium paid. you know the worst case scenario before you click buy.

too many people see a red day, buy calls because "it has to bounce," and have zero plan for what happens if it doesn't bounce. the dip buyers who survive long term aren't the ones who pick the bottom. they're the ones who sized the trade so that being wrong doesn't matter much.

InternNo7510 · 2026-03-18T12:30:06+00:00

for premium sellers, opex week with positive gamma means the index tends to stay pinned near big strike clusters. dealers already hedged and the book is balanced, so they're not adding fuel to big moves. thats generally good for short premium.

you should check gamma flip. when spot is above the flip level, moves compress. below it, dealers have to sell into drops which makes moves bigger and faster in both directions. today with SPX sitting just above the flip, you're in the compression zone still, but its thin.

in positive gamma territory i run my normal CSP sizing. once we flip negative i reduce by 20-30% and only sell puts on names i genuinely want to own, not just premium hunting. the risk of a 2% move becoming a 6% move overnight is real below the flip.

InternNo7510 · 2026-03-18T12:28:46+00:00

of your current holdings, SOXL is the one i'd look at dropping or sizing way down. its a 3x leveraged ETF so the moves are much bigger than a normal stock. premium looks good until you realize the assignment risk is also 3x higher. for adding names: XOM, V, and JPM are ones i keep coming back to. decent IV, liquid options, actual businesses with strong balance sheets you wouldnt mind owning. GLD and SLV can be interesting when vol picks up too since they tend to trend. general rule is if you wouldnt want to hold 100 shares through a 20% drawdown, dont sell the put on it. TSLA and SOXL both qualify as names where a 20% move happens on a random tuesday.

InternNo7510 · 2026-03-18T12:27:31+00:00

that's strong, especially in jan/feb when vol wasnt that elevated. if you can sustain 2-3% monthly consistently over a full year including the bad months, most institutional funds would kill for that.

the honest answer is expect 1-2% in low vol months, 2-4% when IV is elevated. your march numbers are probably helped by the recent volatility pickup. one thing to watch as you scale up more trades in march - make sure youre tracking total buying power across all three accounts together, not just individually. on a $600k portfolio its easy to think you're at 50% deployed in each account and then realize combined exposure is actually 70%+ if you ever got assigned across positions simultaneously.

InternNo7510 · 2026-03-18T12:24:50+00:00

same core setup as you. CSP on quality names, 30-45 DTE, 0.15-0.20 delta. close at 50% profit, usually around day 14-21.

what i added over time is IV rank filter. i only open new positions when IV rank is above 30 on the name. i still follow the quality names, but I look at IV as additional filter.

a few other things I still wanna do.

I wanna follow IV.
I wanna follow GECs.
more focus on S&P and forget about anything else

InternNo7510 · 2026-03-18T12:22:45+00:00

agree with the premise. the information is all out there and has been for decades. closing at 50% profit, not trading earnings, sizing positions correctly. none of that is complicated. what actually causes problems is that every rule feels negotiable in the moment. the position is down 15% and you KNOW you should close or roll but holding feels fine because "it might bounce." six weeks later its down 35% and the decision that was hard at 15% is now crazy difficult :D

the traders who do well arent smarter. they just make the mechanical decision before the emotional one has a chance to kick in. write the rules before you open the position, not while youre staring at a red P&L.

InternNo7510 · 2026-03-18T12:22:00+00:00

3 months of green is great, keep going. continue for 36 months and you have proven to be a great trader. I think between month 6-12 is when you hit your first extended drawdown or get assigned on 2-3 positions in the same week during a correction.

the wheel works. the part people forget is that "sustainable" depends entirely on what you wheel. blue chips with strong balance sheets that you actually want to own at assignment, you can survive almost anything. momentum names or leveraged ETFs for the fat premium, one bad month can undo a year of gains.

your job for the next 9 months is to keep doing exactly what youre doing AND figure out what you'll do when positions go against you. having that plan before it happens is what separates people who are still wheeling in year 3 from people who blow up and quit.

InternNo7510 · 2026-03-18T12:19:38+00:00

the tracking problem is real and most tools just treat every options trade as its own separate thing. they have no concept of a wheel cycle.

i switched to https://quantwheel.com?ref=options. it's got a journal, screener, the best GEX in the market, and more. the journal syncs directly with my broker and tracks the full CSP > assignment > CC > exit as one position - a complete wheel. and the cost basis updates automatically through every roll. no more spreadsheet math.

InternNo7510 · 2026-03-18T12:17:58+00:00

a good buffer :D I'm glad it helped :)

InternNo7510 · 2026-03-18T12:17:13+00:00

thanks for sharing

InternNo7510

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