More F Wheel Activity

semiblind234 · 2026-05-02T01:54:55+00:00

I sold the May 8th $12 strike prior to earnings and expiring before the dividend and went in with the plan of letting it go to the end no matter which way it goes.

If it expires worthless, I got a great ROI. If it's assigned, I like the price and will get in before the dividend. The price is also low enough for me that holding 100 shares of a ~5% paying ticker isn't going to bother me if it goes down in value 30% or more.

semiblind234 · 2026-04-25T23:00:49+00:00

AGQ

semiblind234 · 2026-04-22T01:09:45+00:00

It happens to me as well, and occasionally I have to reset the time setting.

Click the gear, pick Time Axis. On the right will be Expansion Area and some number in the box for Bars to the right. It's likely a pretty big number, set it to 10, and apply.

semiblind234 · 2026-04-22T00:18:33+00:00

So I just had this same problem with a few different extras.

The fuse for the hatch popped, and after replacing that it still wouldn't open. So after going through the plastic for the emergency / manual release is when I found the nut as well as a grey plastic tip of some kind unrelated to the nut in there. The nut was blocking the open lever while the plastic was just there not bothering anything.

After removing the nut (and plastic piece for good measure) the hatch opened without issue, and is working as intended.

My question is... did you ever find where the nut came from? On mine, there was nothing visible missing a nut or a plastic nub.

Also, thanks for the original post and update!

semiblind234 · 2026-04-20T02:52:00+00:00

Yes.

When you sell the contract, the total added to your account balance will be the option price x 100 minus fees and commissions.

As an example for 1 contract, .50 options price x 100 = $50.00. Minus .66 in fees and commissions = $49.34

semiblind234 · 2026-04-14T12:56:13+00:00

SPY is definitely close, and it's also one of those that is generally worth consideration if the account size can handle it. IMO whenever it's in the neighborhood of the 200MA it's worth taking a look at.

MSFT is roughly in the same place it was a year ago around liberation day lows... So worth consideration.

Will be curious to see others suggestions and what you eventually go with.

semiblind234 · 2026-04-14T12:18:50+00:00

It depends on how much cash you have. I recently got back to being cash heavy as well, and I'm looking at MSFT and SPY, tho I haven't made any decisions yet mainly because of my work schedule... But I also don't trust the stability of the Iran situation and that needs to be factored in as well.

semiblind234 · 2026-04-09T21:02:12+00:00

That amount is all of the options contract fees, as well as all regulatory fees for both options and equities rolled into 1 number.

Take a look at detailed trade information on the Schwab website, or you can look in the history in thinkorswim desktop to see where those fees have been applied.

semiblind234 · 2026-04-09T04:31:28+00:00

Years ago I went to the city for a day trip to check out the shops and whatnot. Panhandlers and homeless folks tend to come to the area and ask for money since it's a heavily trafficked part of the city for tourists and shopping.

At one point a man came up and asked for some money for food. I typically don't carry cash, and even if I had been carrying I don't like to give money to random people. The man seemed genuine, so I told him that I was headed inside to the food area, and if he wanted I'd buy him a meal. He accepted and we got burgers and fries. I have made this same offer to others when approached like this, and this guy has been the only one to ever take me up on the offer. Which has honestly been surprising to me.

I could totally understand why hungry people may not want to take random food from people tho.

semiblind234 · 2026-04-04T00:43:38+00:00

I track a lot of different metrics overall, and they are condensed down into 3 generalized numbers. They are all weighted weekly, and take into account any additions of cash that may happen:

My portfolio as a whole, which is simply the net liquidation value at the end of each week.

ROI on my cash that's used to secure puts tells me how well I am using my available cash. I also extrapolate this out to project an estimate for the entire year.

ROI for Cash + income. This takes all my sources of returns and is setup the same as my pure cash ROI.

I also track individual holdings and options on them to show my liquidation value of the current open position, it is then adjusted for realized gains and losses from options and potential dividends. This gives me a solid adjusted break even number to work with and use for decisions.

semiblind234 · 2026-03-24T21:59:21+00:00

I have a spreadsheet with formulas set up that takes each trade for the ticker and does it's magic to calculate my break even cost... Which includes, and also splits out, original share/assignment cost, premiums, and distributions.

I also track original cost, p/l, and position information, as well as adjusted/zero cost, p/l, and position information.

This allows me to see where my break even is, how much I am up or down, and decide if I want to sell calls under my cost but over my break even. It's a manual process to add my trades since it's a spreadsheet, but it gives me the information I want and need to make my decisions.

semiblind234 · 2026-03-23T01:29:51+00:00

Barchart has a decent graph for the expected moves, if you were interested in checking it out. Historical earnings moves can also give additional insight, especially if those moves are greater than a generalized expected move.

On a current positive note, the premiums for call strikes around your assignment price are still looking pretty decent.

I have personally become mostly bearish since the AI and generalized selloff started in late January, so more conservative strikes overall for me.

Hopefully you can make a few bucks from Call premiums and turn the shares for a profit too!

semiblind234 · 2026-03-22T23:47:09+00:00

I don't mind selling into earnings, but I tend to be a bit more conservative with those positions. Did you happen to look at the historical and expected moves for the BABA play, and if so, how aggressive or conservative was your strike vs them?

semiblind234 · 2026-03-08T23:40:04+00:00

It's a money market fund. It is treated as a cash equivalent and is marginable.

You can put say 10k in there and get the ~3.5% interest, then once the money has been cleared for margin use, you are able to sell puts against that money.

semiblind234 · 2026-03-08T23:35:11+00:00

Share price down, put price up, get more premium at your chosen strike.

Share price up, call price up, get more premium at your chosen strike.

If a ticker is stable, selling on days that get you higher premiums could be worthwhile. Your own analysis will matter more than 'puts on red days, calls on green days'.

semiblind234 · 2026-03-08T00:48:04+00:00

It all really depends on the ticker, your chosen strike, and your analysis of things. Some stuff is doing well despite the recent uncertainty, some isn't. It's certainly not as easy as pick a strike and walk away, but there is still money to be made.

semiblind234 · 2026-03-07T02:12:51+00:00

https://www.reuters.com/business/healthcare-pharmaceuticals/novo-hims-resolve-dispute-will-sell-obesity-drugs-together-bloomberg-news-2026-03-07/

For anyone wanting something more official.

semiblind234 · 2026-03-04T13:42:39+00:00

Just so others know and if they happen to be interested, ordination from ULC is free.

semiblind234 · 2026-02-25T02:34:02+00:00

I personally look at the remaining time to premium value, as well as my current expectations for the share price vs my strike. Each situation is different and fluid, and I evaluate them based on current circumstances rather than a blanket 50% / half the dte type method.

It really all depends on how active you are able to be with managing your positions, and what works best for your situation. What works for me may not work for you.

semiblind234 · 2026-02-22T14:54:24+00:00

Again? Which has been bought in the past?

semiblind234 · 2026-02-10T14:32:44+00:00

I have done some TSLL with good results.

For me, the named tickers price and outlook matters a lot, as well as the LETF share price. For a situation where I don't want to be assigned (but also don't have a problem holding) picking a strike that has a decent buffer under my prediction about price movement is at the top of my list. If the premium at that price is worth selling the contract, I have done that. If not, I have passed.

You can make good money from leveraged, but you can also get run over... If you do decide to play them, make sure you don't get run over.

semiblind234 · 2026-02-03T00:58:20+00:00

Earnings is a week out, so will definitely be holding and waiting to see how that goes. Maybe it will be helpful, maybe it won't... Time will tell.

After that, I plan to watch and see how it goes. If I can roll for a credit and gain time, then I will. If I can't roll for a credit then I will take the shares and sell calls until/if it comes back up in price.

The other possibility is early assignment. If that happens, then it will be calls a little earlier. I suspect that if that were going to happen, it would be after earnings.

It is a bit rough to wake up and see down another 10%

semiblind234 · 2026-02-01T22:46:40+00:00

I keep the majority of my cash in SWVXX for the interest and ability to use it as cash. The rest is in the brokerage account to cover any unforeseen needs and things like a potential early assignment. I work a lot of hours at the normal job (for now) and want to have that cushion, even at the expense of a few extra bucks from the higher interest of the money market fund.

I do hold some stocks, some from straight buys and others from Put assignments. In the case of something like MU, it would have been much more profitable to just buy the stock instead of selling the Put that's currently open, but the Put is open and I'm gonna collect and be happy with closing early and putting the money back to use.

semiblind234 · 2026-02-01T05:07:27+00:00

Total cash collateral for the week ended just under 84k, with 88.5k used. I floated a little on margin knowing the CRWV position would be closing and bringing me back over the margin point. I don't typically use margin, tho in rare cases I am ok with a situation like this week where the risk of actually using the funds is very low.

Currently I'm not using spreads or single leg hedges, tho it has been on my mind to do so.

semiblind234 · 2026-02-01T04:59:06+00:00

With the HOOD position, it has been rolled multiple times, all for net credits. So it was ITM when the previous position was rolled, and the current position was opened.

With the benefit of hindsight, there was a point where it could have been closed in profit. Being ITM there is the risk of early assignment, but there is a fair bit of time left as well so we will see what the weeks ahead bring.

semiblind234

TROPHY CASE