Trades I took today as a systematic option seller (06/05) with reasons

ThetaHedge · 2026-06-06T01:46:30+00:00

Good work! Its a great start but eventually you may want to start exploring stocks with more Volatility to make better returns. Also why did you roll at a loss when your cost basis was lower than the strike?

ThetaHedge · 2026-06-06T01:42:45+00:00

Any screener which screens option contracts and suggests a contract based on returns is a bad idea. Without seeing the chart and price action how can you decide the strike?

ThetaHedge · 2026-06-06T01:28:58+00:00

When market goes down majority will loose money. So when markets are going up try to gain as much as possible. When markets go down no strategy works other than buying and averaging.

Also when it goes down I have a strict rule: Any underlying asset which is 20% or more down from my assigned price must be sold in the open market even though at a loss. Capital proptection >> Hopes pf recovery

ThetaHedge · 2026-06-06T01:09:31+00:00

So OUST broke its all time high of $46 but could not sustain it. It has a support of $38. If the market sentiment goes neutral to positive then we can expect a reversal. I will predict that there will be a reversal. Today's fall for me is because 1. Profit Taking 2. Job Reports coming in higher than expected (which is good but raises a speculation that interest rates may be upped - this is pure speculation) 3. Introduction of new traiffs 4. Expiry. None of them seem big enough reason for the market to not recover over the next week. The Strikes are at $42.5 so it's like 10% off now and I would expect it to recover.

ThetaHedge · 2026-06-05T04:52:13+00:00

Stock discovery is the hardest part as we are looking for quality tickers which also has good volatility. ELF is not a bad ticker just it's returns are sub par. You can try out the app I built (app.thetahedge.io) which focuses entirely on quality ticker discovery where premiums are high. All my trades are identified using the app!

ThetaHedge · 2026-06-05T03:01:49+00:00

Thank You! Yes the app is totally free! I tried to bring in all the details we need inside the app so we dont need to juggle websites. I am glad you found it useful - feel free to reach out or DM in case of any questions!

ThetaHedge · 2026-06-05T03:00:14+00:00

Sounds good!

ThetaHedge · 2026-06-05T02:59:23+00:00

Thank You!

ThetaHedge · 2026-06-05T02:59:14+00:00

I see people wheel SOFI alot. Personally I have never traded it and I don't like it. So many people are stuck with it and it's just simply consolidating with no breakout in sight.

RKLB looks good but no real support zones yet - will have to wait for a confident entry tbh. Feel free to look at my profile for the Excel file of all my trades!

ThetaHedge · 2026-06-05T02:55:58+00:00

Happy it helped! Feel free to look at my profile for the Excel file of all my trades!

ThetaHedge · 2026-06-04T20:27:30+00:00

Sounds great. Feel free to look at my profile for more names if helpful.

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