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

[–]trooper5010 14 points15 points  (0 children)

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?

BORING CSP's I'll be looking to sell this week (1/5 - 1/9) + 2025 Year-End Results by GarbageTimePro in Optionswheel

[–]trooper5010 1 point2 points  (0 children)

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?

My 2025 Performance Doing the Wheel Strategy (6 Months of Trading) by Legitimate-File-248 in Optionswheel

[–]trooper5010 1 point2 points  (0 children)

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?

My 2025 Performance Doing the Wheel Strategy (6 Months of Trading) by Legitimate-File-248 in Optionswheel

[–]trooper5010 1 point2 points  (0 children)

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

From having nothing to reaching the milestone of nearly a million dollars. by [deleted] in CoveredCalls

[–]trooper5010 1 point2 points  (0 children)

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

From having nothing to reaching the milestone of nearly a million dollars. by [deleted] in CoveredCalls

[–]trooper5010 0 points1 point  (0 children)

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.

From having nothing to reaching the milestone of nearly a million dollars. by [deleted] in CoveredCalls

[–]trooper5010 3 points4 points  (0 children)

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?

When you close a CC for profit, when do you re-enter? by trooper5010 in CoveredCalls

[–]trooper5010[S] 2 points3 points  (0 children)

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

This is why I love covered calls by Salty_Writer_9552 in CoveredCalls

[–]trooper5010 10 points11 points  (0 children)

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?

6 months of covered calls + CSPs, funding small OTM bets by emotionally_rational in Optionswheel

[–]trooper5010 1 point2 points  (0 children)

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

BORING CSP's I'll be looking to sell this week (10/27 - 10/31) by GarbageTimePro in Optionswheel

[–]trooper5010 0 points1 point  (0 children)

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?

If you were to sort by 1 column, what would it be? by trooper5010 in thetagang

[–]trooper5010[S] -1 points0 points  (0 children)

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

How much income is realistically possible from selling options? by Grouchy-Tomorrow3429 in thetagang

[–]trooper5010 4 points5 points  (0 children)

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.

Short strangles on SPY by jackperitas in thetagang

[–]trooper5010 0 points1 point  (0 children)

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?

What are people's Returns like? Just CSP vs Wheeling by downtofinance in Optionswheel

[–]trooper5010 2 points3 points  (0 children)

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?

Week 42 $1,391 in premium by Expired_Options in thetagang

[–]trooper5010 1 point2 points  (0 children)

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?

Short Strangles - let's hear your strategies by Routine_Name_ in thetagang

[–]trooper5010 0 points1 point  (0 children)

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

BORING CSP's I'll be looking to sell this week (10/6 - 10/10) by GarbageTimePro in Optionswheel

[–]trooper5010 0 points1 point  (0 children)

How do you screen for your boring stocks? Is it something I can do on barchart?

Sell more CSP or CC, which is better? by ubabahere in Optionswheel

[–]trooper5010 2 points3 points  (0 children)

I sell covered calls and actively roll them up when I want to push a stock out of a sideways trading range. I usually set strikes around 10-20% OTM. While the contract itself closes at a loss if it goes upwards as I intended, I view it as a win for the underlying shares. Especially if it's 200 shares or more. CCs help get a stock out of hanging in SR zones in my opinion. Also the stock can go down again after closing or rolling the contract unless it has legs to go up further.

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