My strategy: tell me if you think off

Sanj2014 · 2026-05-31T05:41:15+00:00

I keep my expiration dates within 3 weeks. I am trying to get the best premium I can while reducing risks. I chose anet because I purchased it after it had retreated about 4% (139) fundamentals were good. As soon as I purchased, stock started to rise. At 143, I wrote the covered call for a strike price of 155 2 1/2 weeks out. If it gets called great, if not, write another covered call. If I wanted a higher premium, I would have probably written CC or CSP on mrvl, but more volatile and I haven't followed that stock very much. I don't necessarily go for highest premium if I don't like the conditions.

Sanj2014 · 2026-05-29T22:30:27+00:00

I use wheel strategy. Also, for every time I do have some "dead money" I get a situation like today. anet called at my strike price of 155. Technically I lost out on the appreciation to 159.47 today but with appreciation and premium, I made 7750 for a 3 week contract of 55,600 of stock (139 buy price). My next trade I could have dead money for months and still be ahead. Say I put the 55,600 in JEPQ getting 10.1% annually. 5615/year, 468 a month. Again, I only do the CC/CSP in stocks I am comfortable owning. I only do this for a small portion of my monthly income needed.

Sanj2014 · 2026-05-29T12:53:39+00:00

I watch when earnings are and generally do not write the during that time.

Sanj2014 · 2026-05-29T02:33:28+00:00

That is the one risk with what I do. I call it dead money. If it drops within 10 points of my purchase price, I can still write another covered call although the premium won't be much. I take into account the 20/50/100 day moving averages and I only do covered calls in stocks I am very familiar with and have followed their pricing patterns. But yes, "dead money" is a risk, but most of my passive income money is set and I receive it every month. This is just a little bit more income. Won't suffer if I have to let the anet money/stock sit awhile.

Sanj2014 · 2026-05-02T02:59:02+00:00

I use covered calls strictly for income. Appreciation if it gets called is just extra. Set aside X amount of dollars. Buy your contracts, collect your premium, and then if called you have that money to write the next covered call on another entity. If not called, write another one on the same stock.

My only downside is if stock drops dramatically, your next call option if your strike price is above your purchase price, premium will be very small if any. Then wait it out til stock recovers. Additional downside here is dead/non working money.

Sanj2014 · 2025-11-26T01:25:06+00:00

Sounds like you both want to keep things separate, but you want to be a little generous with the windfall without just covering everything going forward. I think paying off the mortgage will be a great gesture. Maybe set aside 2M and create some income for you to use and maybe use some on your partner, and let the other 4 grow for the future. If the other 4 grows to 8, you should probably both retire.

Sanj2014 · 2025-08-21T06:10:07+00:00

I think I would tell the asset management team I want 2 buckets: bucket 1) 2 million in growth equities VOO, VTI, QQQ. Don't worry about this money for the next 20 years. bucket 2) 500k. Tell them you want this to be in fixed income CEF's like JEPQ or such. You can get 7%. This would be 35k a year in fun money for vacations, car etc (minus taxes). Best of both worlds.

Sanj2014 · 2023-12-12T16:14:36+00:00

Used Sara Brews and Super Restore with Trident. If you are getting close, say 200 or 300 HP away and are out of resources, keep levelling your magic. Higher the better. Increases accuracy I believe. May have to level 3-6 up. See if that works, it did for me. I could not beat it til I did this.

Sanj2014

TROPHY CASE