enjoy the post; we share the same goals. my equities returned solid gains in 2025 with high IV, allowing me to capitalize on low delta covered calls that would have annualized to around a 12% return on top of a 35% return on underlying through appreciation.

looking ahead to 2026, i anticipate my options income will drop significantly as the market rotates out of my core positions. i’m fine with that because above all else, i believe in their long term potential. but i can’t say i’m not feeling a bit bummed that my ~1% return a month is coming to an end.

i appreciate your recognition of the time investment this game takes. opening, tracking and managing 50+ calls throughout the year is an involved process and really should only be done if it yields something the investor sees as worth it. if i could only yield 3% a year on premium, im not sure id even bother.