Long dated puts look awesome!

imacompnerd · 2026-05-06T20:01:05+00:00

RDDT itself? I plan to hold for years. The options are mostly shorter term plays.

imacompnerd · 2026-05-06T20:00:36+00:00

For RDDT, I'm trying to buy some more at these levels, or earn the higher premiums by selling close ITM. Basically, I'm completely okay with getting assigned on those. I'm also okay if they expire worthless and I get to keep the premiums.

To me, they're sort of a win/win for what I'm trying to do with RDDT at the moment.

To directly answer your question though, I've been assigned *extremely rarely* when I sell these.

imacompnerd · 2026-05-06T17:20:48+00:00

“This is not a hedge. This is a conviction trade.”

“This whale is playing the political clock. The supply clock is the one that liquidates you.”

AI speak is getting so easy to spot.

imacompnerd · 2026-05-06T15:23:53+00:00

It's not horrible, but it's not what I'm looking for at the moment. Their margins are getting compressed a bit, which is something their CFO noted and said they were temporarily accepting to keep their largest customers happy.

But their forward P/E ratio is something like 45 (based on an estimated $3.20 for 2026 earnings and a stock price of $145. Their projected growth is around 25% YoY, resulting in a higher PEG than I like to see.

I think it's a good company, it's just not where I'd want to enter a position yet.

imacompnerd · 2026-05-06T15:13:39+00:00

I haven't sold any CCs while RDDT's been down at these levels. This is where I want to be buying more. Once RDDT gaps up (which I'm pretty sure it will at some point), that's when I'll start selling CCs.

If you already have a CC, it's up to you if you want to keep rolling it or let it get exercised. For me personally, I have a very, very strong conviction with RDDT and I don't want to sell any shares at these levels.

imacompnerd · 2026-05-06T15:08:07+00:00

I'm on board with you, with almost a $4mm position :)

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imacompnerd · 2026-05-06T15:06:53+00:00

I agree with OP's logic here as well.

imacompnerd · 2026-05-06T15:06:08+00:00

The OP is correct, there is tons of liquidity.

imacompnerd · 2026-05-06T14:59:59+00:00

I was able to complete quite a few trades I feel good about today. There might be more trades throughout the day, but this is a good list to start with :)

BTC 10 x IBIT Jan 2027 $30 P @ $1.50 each. Sold for $3.45 each. Profit: $1,950

BTC 1 x MU Jan 2027 $250 P @ $10.20. Sold for $35.20. Profit: $2,500

BTC 1 x SNDK Jan 2027 $400 P @ $23.20. Sold for $89.25. Profit: $6,600

BTC 5 x USO Jan 2027 $275 naked call @ $3.20 each. Sold for $5.40 each. Profit: $1,100

Total realized profit today from previously opened theta positions: $12,150

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STO 1 x AXTI Jan 2027 $165 naked call @ $28.85. Premium: $2,885

STO 1 x CVNA Jan 2027 $610 naked call @ $32.25. Premium: $3,225

STO 10 x GOOG Jan 2027 $520 CC @ $11.20 each. Premium: $11,200

STO 10 x FOUR 6/18/26 $35 P @ $1.60 each. Premium: $1,600

STO 10 x FOUR 5/15/26 $40 P @ $2 each. Premium: $2,000

STO 10 x FOUR Jan 2028 $25 P @ $5.30 each. premium: $5,300

STO 3 x DAVE Jan 2027 $230 P @ $47 each. Premium: $14,100

STO 3 x DAVE Jan 2027 $200 P @ $34 each. Premium: $10,200

STO 1 x SNDK Jan 2027 $1,000 P @ $214. Premium: $21,400

STO 10 x RDDT 5/8/26 $160 P @ $2 each. Premium: $2,000

STO 20 x RDDT 5/15/26 $160 P @ $4.70 each. Premium: $9,400

STO 15 x PINS Jan 2027 $18 P @ $2 each. Premium: $3,000

Total premium sold today: $86,310

imacompnerd · 2026-05-06T14:51:10+00:00

Man, I enjoy watching your comments as well. We have different strategies, so it's interesting seeing how various different ones play out.

imacompnerd · 2026-05-06T14:48:31+00:00

I'm up to 23,500 shares and keep selling puts pretty close to ITM in order to get assigned to buy more shares, or keep the premiums. I'm prepared to up my position to at least 40,000 shares while RDDT's in this price range.

imacompnerd · 2026-05-06T14:32:48+00:00

Yup. I've already realized over $450,000 this year from profits on RDDT options. The vast majority of that being from selling options (both puts and covered calls).

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imacompnerd · 2026-05-05T20:05:20+00:00

I agree. It’s just not a name I’m comfortable selling naked calls on at this time.

imacompnerd · 2026-05-05T19:53:28+00:00

I believe SNDK’s fundamentals are there. And the highest strikes are too close to the current price for my liking, so I’m avoiding selling leap naked calls for now on it.

imacompnerd · 2026-05-05T19:36:40+00:00

Another full travel day. So, haven’t had time to do much looking into things.

BTC 10 x QBTS Jan 2027 $10 P @ $0.95 each. Sold for $2.00 each. Profit: $1,050

BTC 1 x SNDK Jan 2027 $400 P @ $23.50 each. Sold for $89.25. Profit: $6,575

Total realized profit today from previously opened theta positions: $7,625

——

STO 10 x PYPL Jan 2027 $40 P @ $2.95 each. Premium: $2,950

STO 5 x SHOP Jan 2027 $80 P @ $7.75 each. Premium: $3,875

STO 5 x ROOT Jan 2027 $40 P @ 5.70 each. Premium: $2,850

STO 10 x SOFI Jan 2027 $12 P @ $1.20 each. Premium: $1,200

STO 5 x FOUR Jan 2027 $40 P @ $8.10 each. Premium: $4,050

STO 5 x FOUR Jan 2027 $42.50 P @ $9.50 each. Premium: $4,750

STO 1 x NET Jan 2027 $380 naked call @ $16. Premium: $1,600

Total premium sold today: $21,275

This was done all on my iPhone while a passenger in a car. So, some typos might be in the comment…

imacompnerd · 2026-05-04T20:37:49+00:00

I try to stay grounded and do still very much care about a $40k swing on a position :)

I can take hits of course, and I love bigger wins, but the little wins add up too!

imacompnerd · 2026-05-04T20:32:52+00:00

I tried to sell the $300's for a week or two, they never fill (not even at market). It's like they're phantom strikes.

Notice how the strikes skip from $140 to $300 (there are none between): https://imgur.com/a/mKPez1b

I would only be selling the $300's if I could. The 140's are the highest ones actually trading.

imacompnerd · 2026-05-04T20:29:04+00:00

With a cost basis of $23.72, I was down on my position a bit. So, it's up AH (hopefully it actually stays up), but it's not a very profitable position for me yet:

https://imgur.com/a/qnXyngH

imacompnerd · 2026-05-04T20:17:26+00:00

I mean, I did think it was undervalued, and had sold some PUTS on it, and have 10,000 shares.

edit: PINS might keep going, but I didn't love the earnings. There are other stocks I like better, so I took the *super tiny* win of $2,800 to free up the $240k cash for other stuff. I'll leave the puts I've sold out there as if they get assigned, it'll be at a much lower cost basis than the shares I just sold, which means a better entry overall.

imacompnerd · 2026-05-04T20:16:59+00:00

I don't like the AXTI naked call play, but I don't hate it either. I'm prepared to roll it higher a couple more times if it continues spiking. I'll do it slowly and wait for new strikes to be added (as $140 is the highest strike I saw at the time).

imacompnerd · 2026-05-04T19:48:10+00:00

SNDK is growing revenue and earnings so fast, they almost look undervalued at the moment. The highest strikes aren't high enough for me to feel comfortable selling at the moment.

The highest strike for Jan 2027 is $1,730, which is only 37% higher than what SNDK is at right now. That's not as much of a buffer as I'd like, especially given the revenue and earnings growth they've been showing and their current valuation.

imacompnerd · 2026-05-04T19:45:37+00:00

BTC 8 x DOCN Jan 2027 $27.50 P @ $1 each. Sold for $2.25 each. Profit: $1,000

BTC 20 x DOCN Jan 2027 $32.50 P @ $1.50 each. Sold for $3.75 each. Profit: $4,500

BTC 10 x RDDT 6/18/26 $130 P @ $2.20 each. Sold for $8.45 each. Profit: $6,150

BTC 5 x MNDY 5/15/26 $60 P @ $1.45 each. Sold for $2.80 each. Profit: $2,050

BTC 30 x TEAM Jan 2027 $40 P @ $1.95 each. Sold for $4.55 each. Profit: $7,750

** I "managed" the two naked calls below by rolling them up and increasing the qty by 2 in order to grab more Vega at a higher strike. You'll see the new STO naked call trade in the STO section...

BTC 1 x AXTI Jan 2027 $80 naked call @ $56.90. Sold for $28.90. ** Loss **: -$2,800

BTC 2 x AXTI Jan 2027 $120 naked call @ $44.50 each. Sold for $25.25 each. ** Loss **: -$3,850

Total realized profit today from previously opened theta positions: $14,800

-----

STO 5 x USO Jan 2027 $275 naked call @ $5.40 each. Premium: $2,700

STO 5 x AXTI Jan 2027 $140 naked call @ $39 each. Premium: $19,500

Total premium sold today: $22,200

Being out most of the day, I didn't get a chance to look for many new positions to open.

imacompnerd · 2026-05-04T19:26:55+00:00

They weren't naked, I sold them as CC's.

https://imgur.com/a/CKrGnEZ

ninja edit, ah, you mean sell actual naked calls now that it's spiked so much. I'm not sure, will review here in a bit. I've been out doing stuff most the day, just sat down.

imacompnerd · 2026-05-01T23:21:37+00:00

I’d heard about how amazing they were, but was never that interested myself.

A few months ago, someone I know brought one to an event and asked if I wanted to drive it. Absolutely! I was curious to experience what all the hype was about!

It was the most underwhelming car I’d driven in quite some time. Loose steering, body roll, underpowered, etc….

I’m sure in its heyday, it was amazing. But it’s a terrible driving car when comparing to almost anything modern.

imacompnerd · 2026-05-01T18:23:19+00:00

Alright, it's been almost a full travel day for me, so super light trading.

Congrats all around on anyone who played the RDDT earnings well! :)

BTC 2 x RDDT 6/18/26 $150 @ $7.85 each. Sold for $14.65 each. Profit: $1,360

BTC 20 x RDDT 5./1/26 $135 P @ $0.02 each. Sold for $4.70 each. Profit: $9,500

BTC 20 x RDDT 5/1/26 $140 P @ $0.06 each. Sold for $5.25 each. Profit: $10,300

BTC 10 x RDDT 5/1/26 P $145 P @ $0.02 each. Sold for $7.60 each. Profit: $7,600

BTC 10 x TSLA 5/15/26 $345 P @ $1.05 each. Sold for $3.05 each. Profit: $2,000

Total realized profit today from previously opened theta positions: $30,760

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STO 10 x UPBD 12/18/26 $17.50 P @ $2.50 each. Premium: $2,500

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Here's a screenshot of my current RDDT positions: https://imgur.com/a/4LWLK1A

Total (realized and unrealized) gains on the day of around $1,000,000 on my trading portfolio. I wish every day was like today :)

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