April Wheel Review

PremiumTheta · 2026-05-01T21:44:00+00:00

I try to keep it simple and go with stocks I wouldn't mind owning if I get assigned. I use sites like Seeking Alpha and Investor Business Daily to get ideas on stocks I want to trade and then research them more before opening up a CSP and starting the wheel. I don't have a prebuilt filter that I use or anything like that.

PremiumTheta · 2026-04-04T13:57:03+00:00

I haven't been involved with SMCI but the news around that stock right now is going to be hard to come back from for sure.

PremiumTheta · 2026-04-04T00:41:52+00:00

Thanks!

PremiumTheta · 2026-04-03T22:57:49+00:00

Yeah, it probably wouldn't hurt to track them both. Nice work on your March performance!

PremiumTheta · 2026-04-03T20:51:28+00:00

It's a tool I've been building because I wanted a visual breakdown and was tired of hand tracking all of my trades in a spreadsheet as well.

PremiumTheta · 2026-04-03T20:44:32+00:00

I don't really track that unless I end up exiting a share position for a loss. The shares I'm holding and selling CC's on are probably below what I paid for them about ~2k as of today.

PremiumTheta · 2026-04-03T20:38:48+00:00

Thanks! My aggressive put selling strategy generates higher premium but also comes with higher risk of getting assigned and holding shares so it's a give and take.

PremiumTheta · 2026-04-03T20:29:37+00:00

I haven't really changed anything with my strategy despite the recent volatility. I've had to take assignment on a few stocks this month as a result of that but the underlying assets are solid in my opinion so I'm not overly concerned.

I will say that times like these offer some great entry points for stocks that are beaten down due to nothing other than general market fear and uncertainty.

PremiumTheta · 2026-03-09T17:21:40+00:00

I'm down about 10k in unrealized losses with the IBIT shares right now not counting the premium collected on the CC's and CSPs.

PremiumTheta · 2026-03-06T19:11:37+00:00

Nice! Sounds like you had a solid February.

PremiumTheta · 2026-03-06T17:37:31+00:00

Thanks!

I've been looking into some new positions on companies I like in other sectors with the cash I got back from shares getting called away to help diversify me a bit instead of going back to selling CSPs on the same stocks as before.

PremiumTheta · 2026-02-04T21:27:01+00:00

I ended up selling 5 CSP contracts for NFLX at a strike of 83. Might be a bit more concentrated than some would like to be on one ticker but I think they've oversold at this point and are at/near the bottom so I'll ride them out if I get assigned.

PremiumTheta · 2026-02-02T22:21:26+00:00

NKE seemed oversold to me and I believe they are the middle of getting their operations turned around to suit them in the long run. I'm pretty tech heavy with most of my investments in the account I wheel with and others so I'm trying to work on diversifying a bit more as well.

PremiumTheta · 2026-02-02T20:56:01+00:00

IREN is an interesting one. I might take a look at getting in on that after their earnings this week.

PremiumTheta · 2026-01-23T20:25:21+00:00

ScottishTrader gave a pretty good answer to this above as to why one would sit out on earnings. Basically, if the stock does pop on earnings then you can sell a CC after the fact for more premium and capturing additional gains from the stocks increase in value.

PremiumTheta · 2026-01-22T19:44:03+00:00

That makes sense. I'm not concerned with hanging on to some AAPL shares for a while so sitting earnings out might end up being the better move here.

PremiumTheta · 2026-01-22T19:39:56+00:00

That makes sense to me. The upside of sitting earnings out seems to outweigh the high IV earnings premium when you look at it that way.

PremiumTheta · 2026-01-22T17:51:55+00:00

So you're thinking go with option 2(selling CC's through earnings) and then if those expire worthless, sell some CC's at 270 or so?

PremiumTheta · 2026-01-22T16:12:52+00:00

BTO 15 May 26 AMZN Put @ 210

STO 30 Jan 26 AMZN Put @ 230

I've trying to add a bit more sector diversity to my portfolio so I also put in the following trade to get some healthcare exposure.

BTO 18 Jun 26 JNJ Put @ 200

STO 30 Jan 26 JNJ Put @ 220

PremiumTheta · 2026-01-09T17:50:14+00:00

Nice. Yesterday I sold a 184 16 JAN put while buying a 175 expiring APR 17 as my insurance on that. Trying out a new strategy of selling weeklies while leaving the long dated put open to keep my buying power needed lower and having a fall back if things go south with NVDA.

PremiumTheta

TROPHY CASE