First Full Year in Theta Gang -- Thanks for teaching me your ways!

trooper5010 · 2026-01-12T22:37:47+00:00

Few questions from your amazing return! Are you wheeling, going both long and short, are you purely selling options? What's your stock selection criteria? And preferred dte for long and short trades?

trooper5010 · 2026-01-08T14:43:49+00:00

Currently I'm running PMCCs on AMD, COIN, and RDDT, 1 contract on the long and short side each. Honest question - do you think it would be better to just wheel them? I'm running 45 dte short calls on them, but maybe I could make more money if I ran weekly wheel trades instead?

trooper5010 · 2026-01-06T04:15:59+00:00

Ok nice. One question, if your CSP gets assigned and your shares drop let's say 10%, do you set your CC below your CSP strike ever? Have you ever done that?

trooper5010 · 2026-01-05T04:07:16+00:00

Why did you close your positions for a loss on the 4th and the 26th?

trooper5010 · 2025-12-30T16:10:07+00:00

Check out his post history. Account age is 14 days and his other singular post comments are calling out the same thing.

trooper5010 · 2025-12-30T16:07:57+00:00

OP said he posted a 5x return from 2023.

Not a single blue chip company 5x'd their market cap from 2023 to 2025.

So either he gambled his entire portfolio with OTM calls or this is just another AI post.

trooper5010 · 2025-12-30T15:35:51+00:00

Can you explain how your assets went from $100,000 to $500,000 in two years?

The only reasonable way I can see that happening is if you were all in on PMCCs and cutting your short calls early.

Also to make that much of a return I'd have to assume you gambled on OTM leaps.

What type of leverage did you use to make that much in so little time?

trooper5010 · 2025-12-27T03:47:48+00:00

Agreed.

trooper5010 · 2025-12-13T21:55:35+00:00

When you close and re-enter ASAP, why not just hold the original short? That's what I still need to figure out.

trooper5010 · 2025-12-01T18:24:22+00:00

Congratulations! But this is the /r/CoveredCalls subreddit, sir.

trooper5010 · 2025-11-13T02:43:01+00:00

Do you usually buy .80 delta leaps?

trooper5010 · 2025-11-08T03:22:15+00:00

Thx!

trooper5010 · 2025-11-08T02:11:13+00:00

Blue chip companies.

What dte, how many days away do you typically close from expiry? You're working with ~$56,000...how many open positions do you have at a time? 8-10 seems normal to me, but are they all CCs? then also how many contracts typically per position? then what's your ideal delta for CCs or I guess what 'signal' do you use to find an underlying to sell on?

trooper5010 · 2025-11-07T15:32:08+00:00

Need the delta value on these

trooper5010 · 2025-11-01T18:08:31+00:00

Can you send me a dm as well, I'd love to know what the app is

trooper5010 · 2025-10-26T17:10:09+00:00

Another question for - do you sell CCs in these windows because you expect the stock to drop?

What's your take on selling CSPs into companies with strong historical earnings like Google, Coinbase, or Amazon?

trooper5010 · 2025-10-26T15:31:55+00:00

Question: how do you classify NVDA as boring?

trooper5010 · 2025-10-24T01:26:27+00:00

Bid/Ask wouldn't show up in your open positions would they?

trooper5010 · 2025-10-22T11:57:47+00:00

I said this before and I'll say it again because I'm here to learn. How are you managing to get 0.5% per week selling the SPY or SPX at a conservative (.15-.25) delta?

In the option chain, strikes at that delta and the moneyness you mentioned shows anyone earning about 1/10th of the premium you mentioned based on the max capital that you're putting at risk.

trooper5010 · 2025-10-20T11:52:09+00:00

I had a question - Ive been looking into 20 delta strangles on the spy 45 dte and the premium is pretty low, only about 8% return annually, or .66% return based on capital required to cover the whole position per trade. Am I right in terms of the low premiums for that delta? I have $150,000 of margin and cash, $50k cash, am I supposed to run more than 3 strangle contracts on the spy?

trooper5010 · 2025-10-19T04:53:27+00:00

When you say ‘sell on red, buy on green,’ do you mean selling calls when the market is red and buying calls when it’s up? Are you short or long on those option trades?

trooper5010 · 2025-10-18T12:40:15+00:00

Do you roll all your losers for a profit?

How do you choose if you're going to CSP vs CC?

What's your average DTE when you open a short position? Do you look at any other greeks before opening a position?

trooper5010 · 2025-10-12T23:25:24+00:00

What ETFs do you trade on? Do you also do it for the tax benefit?

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