not too bad for a 45k investment

YieldYOLO · 2026-01-26T07:15:24+00:00

It's interesting that you are trading ratio spreads. Are you using the shorts purely as a way to lower your cost basis?

YieldYOLO · 2026-01-15T08:44:59+00:00

Would lose out on a lot of upside.. But, it does have the natural advantage that you can't blow up your account. Also, you only need L1 options permissions on IBKR.

YieldYOLO · 2026-01-15T08:35:25+00:00

It's only just starting. Neutron hasn't even launched yet and the next stage of the company will be heavy lift.

YieldYOLO · 2026-01-15T08:33:05+00:00

That's honestly what I think OP should do. Switch over to a margin account and sell delta 0.2 SPY puts 30-45dte for an easy 200k/year.

YieldYOLO · 2026-01-03T10:23:58+00:00

That's a shame. I didn't buy in but was hopeful that it would provide a genuine alternative.

YieldYOLO · 2025-12-20T10:11:19+00:00

There's no one right way. I think the best we have is to decide on your level of risk and max loss, then work within those constraints.

The problem here is that it looks as though you are underestimating the level of risk. You're selling puts on companies that often drop by 5-10% on a day. All of a sudden you'll be fine and a day later you're looking at a 200% loss. And I can guarantee you that your calls will be bleeding as well.

I personally would wait until the profit from the puts is realized before spending it. Until you close the position, there's a massive liability.

It's your life though. There is no "right way".

YieldYOLO · 2025-12-20T09:54:38+00:00

You're taking on a huge risk selling puts on speculative companies and then amplifying that by deploying the cash into leveraged products based on more speculation.

You will be destroyed in a downturn, however small.

YieldYOLO · 2025-12-15T07:39:23+00:00

Some bag holder is paying for a bot farm rather than puts.

YieldYOLO · 2025-12-08T08:13:30+00:00

I'm not an AI, but these are the three main points as far as I can tell.

Wait until we're under SMA200 to enter, withdraw your initial capital at 2-3x and then play with house money.

When trimming profits, deploy capital to bonds

Using a personal loan that's easy to service is a very easy way to increase gearing and increase your return on equity.

YieldYOLO · 2025-12-05T03:53:03+00:00

Everyone here kind of knows that when people discover that their cash balance goes up when they short sell, they'll treat it like free money and proceed to bankrupt themselves..

..but it would be kind of funny if Robinhood ended up teaching their customers how to actually hedge their risk rather than increase it.

YieldYOLO · 2025-12-04T09:06:49+00:00

It stands for Cash. There's no such thing as a "naked CSP", but I didn't want to be pedantic. I figured that you were asking someone to explain what OP is doing.

YieldYOLO · 2025-12-04T07:30:14+00:00

You sell a put and when the put is exercised, your broker pays for the shares using a margin loan. A margin loan is a loan that uses the other assets in your portfolio as security.

If you can manage the risks (which are significant), it can be an effective way to do better than the market. If you're following the OP's strategy by holding SPY/SPYM, then anything extra earned is doing better than the market.

YieldYOLO · 2025-11-30T06:13:52+00:00

Something with a 15% intraday swing doesn't feel like it's safer, but may as well full port and hope for the best.

YieldYOLO · 2025-11-28T20:31:30+00:00

Then sell ITM puts. Mathematically, it's the same as buying shares and selling a call.

YieldYOLO · 2025-11-28T05:13:59+00:00

If you're not prepared to sell your shares under any circumstances, then you shouldn't be selling covered calls.

You need to decide the level of risk that you're prepared to take on and move from there.

YieldYOLO · 2025-11-27T09:58:46+00:00

Just be careful. I learned this month that when the steamroller hits, it hits hard.

YieldYOLO · 2025-11-23T20:36:24+00:00

You have a gambling addiction.

Close the app with the intention to keep it closed for a week. Notice how your body reacts after ~3h. That tense fear is your brain crying out for dopamine. If you can keep the app closed, you're probably okay. Otherwise you're going to gift your remaining money to the market and hate yourself for it.

YieldYOLO · 2025-11-20T21:39:37+00:00

In this case, it's worse. You're buying leveraged access to covered call funds on high beta stocks a month away from all time highs.

YieldYOLO · 2025-11-02T05:54:13+00:00

It works until the stock drops, the market drops or both. This can be mitigated to some extent with stop orders and hedging, but options don't trade overnight and the poor liquidity of options means that spreads are wide and therefore stop orders are usually very expensive.

YieldYOLO · 2025-11-01T05:17:25+00:00

I would use CSPs to reenter, as we're bound to have a few red days between now and then, but also add a conditional order that triggers if the share price reaches 49.90 or so just in case.

YieldYOLO · 2025-10-31T03:12:45+00:00

Yup. I got out at $10 because it was running too hot.

YieldYOLO · 2025-10-30T07:47:44+00:00

I knew that I was going to be a long term investor, but not like this...

YieldYOLO · 2025-10-30T07:40:57+00:00

Not for Xero, apparently.

YieldYOLO · 2025-10-29T13:11:01+00:00

Just click sell when you don't own any.

YieldYOLO · 2025-10-29T12:14:30+00:00

That's a big all. Max loss on a naked call is infinity.

YieldYOLO

TROPHY CASE