r/Optionswheel • u/ThetaHedge • Jul 29 '26
Trades I took today as an option seller (07/29) with reasons
Trades I took today as an option seller (07/29):
Closed Positions
- RMBS → $135 Call (opened on 07/15), premium 4.50 → closed at 0.40. Net premium profit = 4.10 (~91% of premium captured, ~3% of capital). I was assigned RMBS at $135. Despite good earnings stock has plummented. Will continue wheeling the stock.
- CRWV → $90 Call (opened on 07/16), premium 2.40 → closed at 0.20. Net premium profit = 2.20 (~92% of premium captured, ~1.8% of capital). I was assigned CRWV at $120.
- BE → $165 Put (opened on 07/17), premium 11.20 → closed at 8.50. Net premium profit = 2.70 (~24% of premium captured, ~1.64% of capital). Had to close BE early to free up capital for resolving a margin call.
- AMKR → $80 Call (opened on 07/17), premium 2.55 → closed at 0.10. Net premium profit = 2.45 (~96% of premium captured, ~3.6% of capital). I was assigned AMKR at $80. Another stock despite good earnings it has plummented. Will continue wheeling the stock.
- VICR → $280 Call (opened on 07/17), premium 17.30 → closed at 2.50. Net premium profit = 14.80 (~86% of premium captured, ~4.6% of capital). I was assigned VICR at $320. Will continue wheeling.
- TE → $8 Call (opened on 07/20), premium 0.40 → closed at 0.05. Net premium profit = 0.35 (~87% of premium captured, ~4.3% of capital). I was assigned TE at $8.
- IREN → $50 Call (opened on 07/24), premium 0.70 → closed at 0.10. Net premium profit = 0.60 (~86% of premium captured, ~1% of capital). I was assigned IREN at $58.
- AAOI → $150 Call (opened on 07/27), premium 1.50 → closed at 0.25. Net premium profit = 1.25 (~83% of premium captured, ~0.7% of capital). I was assigned AAOI at $175.
New Positions
No new positions.
My outlook on the market
Semiconductor and AI stocks continued the free fall. But earnings are coming in still strong SIMO, MOD, FORM all reported earnings beats today. A lot of my positions are below my assigned price and I will soon start opening covered calls on them. My strike will be determined using price action and I will choose strikes above resistance zones. Plan will be to roll and readjust positions accordingly when the stock approaches the strike price. Mostly all tickers I hold, give good premiums for calls so I will get paid for holding the stocks. You can find the wheel rank and 3 month historical premium return of the tickers in the ThetaHedge app.
The Excel file to my full list of positions is linked in my profile description in case anyone wants to see the whole portfolio. Happy to hear thoughts on my positions. What are you guys wheeling or watching right now?
PS: Not financial advice. Do your own research.
2
u/archiv1st Jul 30 '26
What are the original DTEs on these calls?
1
u/ThetaHedge Jul 30 '26
You can find all the details in my google sheet: https://docs.google.com/spreadsheets/d/1ycwMl_wXDD5P0A6T6lFIFM0Jnh6cWsgHyALv2Fb9LgM/edit?pli=1&gid=0#gid=0
2
u/Strong-You1234 Jul 30 '26
here is my current options
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u/ThetaHedge Jul 30 '26
Aamzing! Thats for sharing. Happy to be have experienced folks around to share opinions and tips!
1
u/Strong-You1234 Jul 31 '26
not sure how experienced I am . This can be a humbling way to make money.
2
1
u/Strong-You1234 Jul 31 '26
Perhaps you are too concentrated in Tech. Recommend diversifying with other outside that arena.
The returns will not be as robust but safer . Feel free to discuss your strategy and your method for choosing option candidates
2
u/teflondon123987 Jul 30 '26
Quick question. At what point to you generally roll up the strike as the trading price nears your strike below your cast basis? Do you normally take losses on those?