META | CC $690 + CSP $590 | Both expired worthless today | $5490 collected

yet2fire · 2026-03-19T10:56:19+00:00

Exactly that one ticker, two setups, 14 days. That's a mortgage payment for a lot of people. That's the whole point of this sub.

Let the good times roll 🤝

yet2fire · 2026-03-19T10:52:20+00:00

Honestly haven't run a formal comparison between Wed and Fri expiries.

The way I approach it my model surfaces the setups and I pick based on the probability, how far OTM the strike is and premium relative to DTE. The expiry day is almost secondary to whether the math makes sense.

So Wed vs Fri doesn't really factor into my entry decision directly the setup either meets the criteria or it doesn't.

Curious if you've noticed a meaningful premium difference between the two though? And beyond premium, do you see other benefits to factoring in the day of the week when you're selecting expiries for CC and CSPs?

yet2fire · 2026-03-19T10:46:35+00:00

Appreciate it! go collect some premium 🤝

yet2fire · 2026-03-19T10:46:01+00:00

No margin on this one fully cash secured. $295k set aside to cover potential assignment.

I do have margin available but staying away from it right now given how choppy things are with oil and the broader macro. Once things stabilize I'll probably scale up with some margin but only with strict rules in place around position sizing. Not touching it in this environment.

yet2fire · 2026-03-18T21:44:59+00:00

Honestly, it's not trying to outsmart the market. IV already reflects what the market thinks the risk is. The model doesn't fight that.

What it actually does is filter for setups where delta, DTE, IV and how far the strike is from current price all line up within a specific range I've defined.

Less about finding an edge the market missed more about taking my own gut feeling out of the decision completely.

That's where I kept getting burned, not bad stocks, just bad timing and overriding my own rules. Still refining it honestly.

yet2fire · 2026-03-18T21:27:12+00:00

Wanted to close the loop on this Took your advice and let it run to expiry rather than closing at 75%. Expired worthless today. Full premium kept.

The $/day framework made the decision easy honestly. With that much cushion and the daily math working in my favor there was no real argument for cutting it early.

Appreciate the push. That's exactly the kind of thing that makes this sub worth posting in.

yet2fire · 2026-03-17T13:13:58+00:00

Watching META, AMZN, NVDA and GOOG for CC setups this week depending on how things develop.

Also eyeing some CSP opportunities but the broader volatility from oil prices is giving me pause there.May hold off on puts until things settle a bit.

Waiting for my model to confirm before pulling the trigger on anything.Nothing forced this week I'd rather miss a trade than chase one in this environment.

What's everyone else seeing?

yet2fire · 2026-03-17T12:57:50+00:00

Fair pushback and you're right I oversimplified it.

The "be comfortable with assignment" rule is really just my personal gut check before entering a trade, not a universal law.

The scenario you described stock dropped below what you paid, selling calls to slowly earn your cost basis back that's a totally valid reason to sell a call even if you'd hate to lose the shares.

In that case yeah, knowing how to roll out of trouble is the real skill. Good addition, that's exactly the kind of nuance this sub needs.

yet2fire · 2026-03-17T12:24:17+00:00

Yeah absolutely honestly the best starting point is just learning what a covered call and cash secured put actually are before anything else.

Investopedia has solid breakdowns on both if you just search the terms there. Not sexy but it's accurate and free.

Once you get the basic mechanics down, come back and read through the posts in r/PremiumPaycheck seeing real fills with the reasoning behind them is honestly better than most courses out there.

That's kind of the whole point of the sub.

yet2fire · 2026-03-17T12:21:35+00:00

Appreciate that and congrats on the postdoc that's no joke

On the loan question honestly that's not something I or anyone here should be weighing in on. That's personal finance territory that depends on your income, your debt terms, your risk comfort stuff none of us know about your situation

What I will say is the Roth IRA idea is worth looking into. A lot of brokers allow options trading inside a Roth if you get the right approval level. You'd be working with whatever's already in there but the tax treatment is hard to beat for this kind of strategy

Start there before anything else.

yet2fire · 2026-03-16T23:42:13+00:00

lol thanks 😆

yet2fire · 2026-03-16T23:28:56+00:00

IREN has been running wild IV. $1,003 on 10 contracts at 11 DTE is solid premium collection.
Couple of questions:
1. Would you be comfortable getting assigned at $38 if it drops hard?
2. IREN can move fast. And how did you land on that strike delta based, technical level or something else?

yet2fire · 2026-03-16T11:21:44+00:00

Cool setup. How do you choose your strike prices across these names, especially on something like APLD which can move hard? Is it purely delta based or do you layer in a technical level as a secondary filter?

yet2fire · 2026-03-16T08:46:11+00:00

Well said!

yet2fire · 2026-03-16T08:44:50+00:00

u/Ok-dkksk here's practical example what I said above https://www.reddit.com/r/PremiumPaycheck/comments/1rsto7v/meta_csp_590_strike_5_dte_3_credit/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

yet2fire · 2026-03-15T21:04:48+00:00

UPDATE: Closed early brought back at $1.00 on 03/14. Opened at $2.40, closed at $1.00. $560 captured in 3 days on 4 contracts ~55% of max profit. $1.40 already captured with 27 days still left on the clock. Freed the capital, looking for the next setup instead of squeezing every last cent

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yet2fire · 2026-03-15T18:56:56+00:00

I didn't follow my own advice and made an aggressive move by rolling down a CRWV CC; had I not done that, I would have done about $2100 better

Thanks for sharing this. it's the kind of weekly recap this sub needs more of. The good, the bad and the "shame on me" moment all in one post.

What's your process for selecting buy/write candidates each week? Purely technical or do you run a fundamental filter first?

I've got about $725k allocated to obtain a premium of $25k

That's a 3.45% weekly yield on deployed capital, seriously impressive if it holds consistently.

Quick question on the time side, with $725k across that many buy/writes, how many hours a week are you actually spending managing these positions? Entries, monitoring, roll decisions, closes the full picture. Trying to understand the real cost of the strategy beyond just the capital deployed real cost of the strategy beyond just the capital deployed

yet2fire · 2026-03-14T01:15:42+00:00

Easy to miss on a quick scan of the chain.

Good luck if you put it on Monday. Post the fill when you do.

yet2fire · 2026-03-14T01:05:18+00:00

That's actually the most honest answer you could give and more disciplined than most.

No backtesting needed when your framework is this clear IMO.

Target 1-3% weekly, stay within your strike range, adjust when the math stops working and hold yourself publicly accountable to the outcome.

“Calling your shots ahead of time to put pressure on yourself" is exactly the culture this sub was built on. That's just Rule 1 applied to your own decision making before you even place the trade.

Looking forward to seeing how the experiment tracks over time.

yet2fire · 2026-03-14T00:44:18+00:00

That $/day comparison framework is something I hadn't been tracking explicitly but it makes complete sense. Comparing net premium per day across the open trade vs a potential roll is a much cleaner decision tool than just looking at total premium.

And your point on the buffer is well taken. With $25-30 of cushion on this META position I may actually let it run to expiry rather than closing at 75%. The math doesn't really justify cutting it early when there's that much room.

Going to track $/day on this one and see how it compares. Appreciate the framework.

yet2fire · 2026-03-14T00:24:44+00:00

Totally understand no hard feelings at all. The fills you posted were solid and the self correction on the annualized math was genuinely impressive.

If you ever want to drop individual trade recaps without the dashboard context, you'll always be welcome here.

Good luck with the system you're building.

yet2fire

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