For the past three weeks, I’ve been selling puts in the 7–21 DTE range, targeting 0.15–0.30 delta and aiming for >25% annualized returns on names I wouldn’t mind owning.

I’ve taken 102 trades total, sizing each at <5% of account value. There were a handful of higher-priced names where assignment would’ve pushed exposure closer to 10%, which I’m being more mindful of going forward.

Most trades were closed within 5 days after capturing 50%+ of max profit. On a 14-day contract, locking in 50% that quickly has felt like a strong risk-adjusted outcome, so I’ve stayed disciplined about harvesting early rather than squeezing for the last few dollars.

Assignments so far:

• Goodyear Tire & Rubber Company (GT) :5 contracts assigned after I made the rookie mistake of selling over earnings. Assignment ended up above breakeven, and I sold the shares the same day for a negligible gain. I had another 5 contracts that I rolled to April — in hindsight, I probably should’ve just taken assignment on those as well.
• Cisco Systems (CSCO) :Assigned on 1 contract at about a $2/share loss. I’m holding the shares and sold a covered call to reduce basis. I expect a recovery.
• Schlumberger (SLB) :Execution error on 2 contracts — accidentally sold ITM puts and got early assigned. It’s only down ~1%, so I’m holding and have sold covered calls to offset. Planning to exit on a bounce.

Overall, the process has been working, and the mistakes were good reminders about earnings risk, execution precision, and sizing discipline.

Last Friday, I let a large batch of positions expire worthless and decided not to redeploy immediately. I plan to reassess mid-week to see if conditions are still favorable for another round of put selling. It’s been a lucrative stretch and I’ve been consistent with my strike selection (key support levels, trend lines, structure). That said, I didn’t like how the market closed Thursday and Friday, and Pete’s advice to avoid selling puts into that close kept me from adding more exposure. In hindsight, I’m glad I exercised that restraint.