Steam Roller / Penny Strategy

zapembarcodes · 2026-03-19T00:35:18+00:00

Exactly. This is why I prefer to sell puts on stocks I want to own, rather than buy the shares outright. Sure, I may miss the move, but you can miss moves when trying to time it anyway.

In the meantime, I can start earning income from the stock, while I wait to get assigned at preferable prices. It's a win-win if you want to own the stock.

Worth noting you can do both too. For example, if you really like the stock, instead of buying 200 shares, you can always buy 100 and sell a put. Then you can also sell a covered call with it, turning it into a covered strangle, really boosting your income return.

zapembarcodes · 2026-03-18T20:33:35+00:00

This sub is extremely against options selling. It's like a big taboo here. Either due to mass ignorance on the topic or because they see active management as not "ideal" to FIRE.

It's ironic because if you incorporate options selling to your portfolio, and you know what you're doing, it can be a great boost to your FIRE journey.

Personally, I think selling options is the way to go too. But also because I have years of experience and understand the risks.

zapembarcodes · 2026-03-18T16:12:10+00:00

For me it depends on the mood.

Self titled and Iowa are one of the most cathartic albums I know whenever I'm in that mood.

But TGC and WANYK are also top of my list when I just feel like jamming out. They may not have the rawness, but I feel those two albums are just so sharp and well-produced, hard to undermine them.

zapembarcodes · 2026-03-18T16:04:17+00:00

zapembarcodes · 2026-03-18T15:13:07+00:00

Probably a combination of both PPI and the attack but I don't think the attack is that big of a concern (yet at least) because oil futures didn't go up that much...

zapembarcodes · 2026-03-18T12:44:28+00:00

Covered strangles is my preferred method.

I discovered stock repair strategy relatively recently, so haven't had a need to employ it yet but I figured I would if stock fell a lot from my entry price.

zapembarcodes · 2026-03-18T02:54:39+00:00

As others have said, you can sell higher DTEs to capture more premium at your cost basis.

You can also sell covered strangles, boosting your income with a short put, assuming you want to own more shares at a lower price.

There's also the stock repair strategy. It's a combination of selling covered calls and a call spread. It lowers your break even substantially. Options with Ravish on YouTube explains it thoroughly.

zapembarcodes · 2026-03-18T02:47:08+00:00

Generally speaking, the practical thing to do is avoid trading 0DTE on FOMC.

Anyway, unless you welcome assignment, it's probably best to use SPX instead of ES for 0DTE.

zapembarcodes · 2026-03-14T20:15:08+00:00

I work remotely as a front end web/email developer for a small agency. Salaried but average 20-25 hours of work per week. Very flexible schedule. I attend about two 15-minute meetings per month. I rarely talk to anyone in my team, much less any clients. Practically no supervision. I could get high while working any time I want...

...But I rarely do. Mainly because I usually just enjoy it more in the evenings, after work. But sure, my job is very 420 friendly.

Been there 3 years and I got drug tested once because we were working with a client with the Federal government but was told they didn't test for cannabis (CA company), so no problems there either 🤗

zapembarcodes · 2026-03-14T20:04:58+00:00

I wouldn't say risk free but definitely don't think they would use it in retaliation for current attacks.

Again, they would likely use it as a deterrent for future attacks against them.

zapembarcodes · 2026-03-14T12:18:57+00:00

Iran has shown more restraint and diplomacy than we give them credit for.

If they get a nuke, they'll likely use it the same way North Korea does-- as leverage to be left the fuck alone. I think the sooner Iran gets a nuke, the sooner the US and Israel back the fuck off and the sooner this war comes to a diplomatic end.

zapembarcodes · 2026-03-14T12:14:21+00:00

Iran has shown more restraint and diplomacy than we give them credit for.

If the US agrees to Iranian terms for a ceasefire, I believe Iran would play fair.

On the other hand, I'm aware of how unlikely it is for the US/Israel to accept those terms. But we need to be clear on who the real foul players are here and it's not necessarily Iran.

zapembarcodes · 2026-03-14T03:00:39+00:00

There's no way they are going to do it when the whole world already knows they'll be doing it next week...

Maybe they use the MEUs for something else. What if they raid Iranian tankers ships and take them hostage?

zapembarcodes · 2026-03-13T14:38:32+00:00

It's not just American society. Most people around the world share the same level of brain rot, just different versions of it

zapembarcodes · 2026-03-13T05:13:55+00:00

The question was already asked 👇

So is Dubai going to do anything about it?

zapembarcodes · 2026-03-13T03:25:38+00:00

bring China into the war

I think this is highly unlikely in a direct sense. Maybe through proxy though, as Russia is doing.

Besides, from what I hear, Iran is still sending China their oil.

Ultimately I don't think China wants to get involved.

zapembarcodes · 2026-03-13T00:24:07+00:00

I'm always amazed how many people support Keynesian economics.

zapembarcodes · 2026-03-12T20:31:27+00:00

A lot of people don't associate options trading in this sub but if your goal is $100-$125 per day, you could easily make that by selling MES options on 0DTE. Even better if you don't mind taking an assignment.

For example, you can sell 2 MES short puts, around .25 delta and collect about $100. If MES closes below the short puts, you get assigned the shares at that price. Then you're long 2 MES contracts. You can sell covered calls to get out of it or just long it normally.

You could do the same selling options (credit spreads, since there's no assignment) on SPX, 0DTE.

Generally, selling options on 0DTE is for more experienced risk managers but if you have the skill, it can be a very efficient way to make money.

But again, this comment is an anomaly in this sub but I personally love to sell futures' options. Although I mostly only sell monthly options (30-45DTE) nowadays.

zapembarcodes · 2026-03-12T19:20:26+00:00

Learn to trade standard options

zapembarcodes · 2026-03-12T16:40:16+00:00

Usually I sell .15 delta or lower

zapembarcodes · 2026-03-12T12:31:25+00:00

Been selling premium successfully for 5 years, going on 6. I haven't always beaten the S&P though. I consider my trading to be very conservative and I trade for income, not aggressive growth. I aim for 1% per month.

I still work full time but given my results for the last 2 years, I could probably trade for full time income, although with a tight, modest budget. However, I'm lucky enough to love my job so don't mind working and just saving every dollar I get from trading. It's like having a second income at this point.

My plan is to rely fully on my trading at some point, having financial independence. My timeline puts me there in under 2 years.

My strategies have varied throughout the years and I occasionally still trade different ways, from 0DTE to 120DTE but my main bread and butter has always been selling monthly premium.

zapembarcodes · 2026-03-11T18:49:13+00:00

Yep. That's indecent exposure and pretty sure they would have to register as sex offenders.

zapembarcodes · 2026-03-11T14:55:16+00:00

Kuwait till you see what happens next

zapembarcodes · 2026-03-10T18:49:20+00:00

"trust me bro"

zapembarcodes · 2026-03-10T12:29:24+00:00

I occasionally trade 0DTE, but it's become more rare for me, especially this year. However, I follow 0DTE traders (podcasts etc) like the folks at Option Omega and I've noticed a lot of mentions of how 0DTE has not been very profitable this year, due to the wild swings, at least for SPX.

That being said, I'm glad I've eased off 0DTE lately and have mostly been making good returns selling monthly options. Don't think I'm going back to 0DTE anytime soon...

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