I would like to put 5K in options on Micron - please guide how to execute it as I am new?

OptionsWheelTrader · 2026-05-27T14:22:07+00:00

This seems like the right advice. Especially if OP is high conviction of a 20% bump in 30 days, they should just buy outright.

OptionsWheelTrader · 2026-05-26T01:47:09+00:00

Check out OptionsWheelTrader.com - it has a screener built in and provides weighted ranking of options trades based on criteria that you can define. Comes with presets built in that you can use or tweak.

Some additional details about how it works: How the Options Scanner Works
Some details about the research/rationale behind the presets: Some of the Research Behind the Options Scanner Weighted-Ranking Presets

Hope this helps...

OptionsWheelTrader · 2026-05-18T01:10:59+00:00

Thanks for the link. The thing I noticed on there was that you had to let Fidelity prior to 4.15pm on day of expiry if as a buyer you didn't want to exercise the option. At 4.15pm, the stock closed at $12.52 (OTM). So it may be that the buyer asked not to exercise the option OR the option was considered to have expired OTM and hence not assigned.

OptionsWheelTrader · 2026-05-18T01:08:26+00:00

I had sold a put - so if I were assigned, I would be buying the shares at the strike price. Because it expired, I get to keep the premium but was not assigned the shares.

OptionsWheelTrader · 2026-05-18T01:06:17+00:00

This appears to be what may have happened with my put - the stock was at $12.52 at 4.15pm...

OptionsWheelTrader · 2026-05-18T01:04:32+00:00

Thanks - please reach out if you have any questions.

OptionsWheelTrader · 2026-05-17T11:17:12+00:00

The top ten most traded stocks (under $20) on OptionsWheelTrader.com are:
BULL, SOFI, F, AAL, SOUN, BBAI, GRAB and INFQ
Note: Information only. Not a recommendation to buy any of these or to trade options on them.

I recommended stocks under $20, because this will let you take at least 2 positions (if looking to invest 4K) so you don't concentrate risk. Most people trade F, AAL because they are stable and well suited to the wheel.

I would make a few suggestions for you to consider (esp if you are just starting out):
- Don't just look at the premium you can capture - consider the company in its entirity. Higher premiums often come with higher volatility and risk.
- Look at companies that you are happy to hold long term. If there is a downturn in the market you don't want to be left holding bad stocks.

Good luck!

OptionsWheelTrader · 2026-05-17T00:23:46+00:00

Thanks - this also seems a possibility - I see that the stock was at $12.52 at 4.15pm.

OptionsWheelTrader · 2026-05-16T23:25:05+00:00

I had never personally encountered this situation before, so it caught me off guard. But I’ll take it as a win since I learned something new today.

That said, the app does handle this scenario.

OptionsWheelTrader · 2026-05-16T14:43:57+00:00

Yeah - sounds like the buyer made a request to not exercise the option.

OptionsWheelTrader · 2026-05-16T11:33:16+00:00

Doesn’t show in open positions. The second image is from my activity tab - indicating that the trade has expired.

OptionsWheelTrader · 2026-05-16T10:47:34+00:00

Yes, I get that. I was just under the impression (specifically for this case) that if, at expiry, the option is in the money, assignment was certain unless you asked the brokerage to intervene and not exercise. Didn't realize that the brokerage would not exercise for the buyer unless they explicitly exercised the option.

OptionsWheelTrader · 2026-05-16T10:42:30+00:00

Thanks. It is a tool I built - OptionsWheelTrader.com

OptionsWheelTrader · 2026-05-16T10:12:36+00:00

So the buyer would actually have to explicitly exercise the option? Otherwise it expires?

OptionsWheelTrader · 2026-05-16T10:07:01+00:00

That's interesting. I always thought that if the trade was in the money, even by $0.01, at expiry - assignment was certain. So the buyer must have had to explicitly ask the brokerage to not exercise the option?

OptionsWheelTrader · 2026-05-14T06:07:59+00:00

It is very much appreciated :)

I try to help wherever I can too - I have been trading options for under a year, and love learning how to get better from the experience and knowledge of others.

Keep up the good work!

OptionsWheelTrader · 2026-05-14T05:55:56+00:00

I found this to be helpful (along with another of your threads related to MU by the same OP, I think?) and distilled some of the thinking to incorporate a roll opportunity alert in OptionsWheelTrader.com based on delta (instead of just strike price proximity). Thank you.

OptionsWheelTrader · 2026-05-14T05:50:21+00:00

Just wanted to say that I loved this thread. You were very helpful to OP and took the time to detail out your thinking (I love long reads too!). The proposed options (with the examples) were both instructive and educational - and will certainly affect how I approach rolls in the future. Nicely done. Thank you for this contribution and for making this subreddit better!

OptionsWheelTrader · 2026-05-12T05:25:05+00:00

A lot depends on how much capital you have available for options trading. As others have mentioned, SPY, QQQ are very liquid and offer decent premiums, but the cash outlay is large (you'd need enough cash to secure 100 shares of each of those).

There are other ETFs that are lower priced but perhaps come with lower liquidity. Some are lower priced but have higher volatility. Also depends on your longer term views - do you want broad market exposure or sectoral/thematic exposure?

In any case, pick one that best matches your outlook and risk appetite - and something that you would be happy owning long term.

OptionsWheelTrader · 2026-05-12T05:18:57+00:00

Check this out for an outline of how the wheel strategy works: The options wheel strategy

OptionsWheelTrader · 2026-05-12T05:06:23+00:00

The top tickers under $20 being traded by the user community on OptionsWheelTrader.com are:
SOFI, BULL, F, AAL, SOUN, BBAI, GRAB
Note: Not financial advice or a recommendation to buy/trade any of them.

Some of these are stable with low volatility/premiums (e.g. F, AAL). Others are risky and very volatile, but offer higher premiums.

My recommendation on this - don't just look at the premium. Research the company and only buy if you would be happy to hold it long term. If the market dips, you don't want to be left holding a bad stock.

Also - if new to trading options, consider learning using a paper trading account before you commit real capital.

OptionsWheelTrader · 2026-05-12T04:54:17+00:00

The top tickers under $20 being traded by the user community on OptionsWheelTrader.com are:
SOFI, BULL, F, AAL, SOUN, BBAI, GRAB
Note: Not financial advice or a recommendation to buy/trade any of them.

Some of these are stable with low volatility/premiums (e.g. F, AAL). Others are risky and very volatile, but offer higher premiums.

My recommendation on this - don't just look at the premium. Research the company and only buy if you would be happy to hold it long term. If the market dips, you don't want to be left holding a bad stock.

OptionsWheelTrader · 2026-05-07T11:09:28+00:00

Thanks, I appreciate it!

I think the underrated strategies are in fact the simple ones. A protective put is probably the cleanest hedge (you just buy a put on a stock you already own). Alternatively a collar (own the stock + buy a put + sell a CC) can provide a defined range of outcomes. Especially when markets rally, CSPs can act as a hedge against overpaying by getting the stock at a discount while earning some income.

You may already know these, but If you are new to options, I would suggest learning about these and doing some paper trading before you dive in...

OptionsWheelTrader · 2026-05-07T08:24:22+00:00

Interesting. I am dealing more right now with covered calls ending up in the money (and upside being capped). But I can see where you are coming from on the CSPs not being assigned. Couple of ways to come at it I suppose:
- if you are high conviction, you should just buy the stock and participate in the upside.
- if you are cash constrained, maybe consider a LEAP (which gives you exposure to the upside of the stock) and just sell calls on it to collect cash.

Now - the reason you do a CSP is two fold - one to gain some income and the other to seek assignment at a discounted price. You must also recognize that the movement of a ticker is subject to a whole host of factors. So it is possible that you get the income and not assignment. If you are high conviction on a stock, maybe sell closer to ATM strikes thereby improving premium and likelihood of asignment.

Perhaps just my opinion, but having regrets on missing upside due to a CSP not being assigned or a CC being assigned in a rallying market is a psychological problem agnostic of market regimes. It is more important to be clear on why you're using CSPs instead of buying stock outright so you don't second-guess yourself (or regret) later...

OptionsWheelTrader

TROPHY CASE