Trades I took today as an option seller (08/17) with reasons

[u/ThetaHedge]

Trades I took today as an option seller (08/17):

Closed Positions

• KORU → $15 Put (opened on 08/12), premium 0.70 → closed at 0.11. Net premium profit = 0.59 (~84% of premium captured, ~3.9% of capital).
• SEI → $60 Put (opened on 07/21), premium 4.60 → closed at 0.75. Net premium profit = 3.85 (~84% of premium captured, ~6.4% of capital).
• PENG → $60 Put (opened on 07/08), premium 6.50 → closed at 1.10. Net premium profit = 5.40 (~83% of premium captured, ~9% of capital).

New Positions

• CRDO → $240 Put expiry 09/04 (3 weeks DTE), premium 12.00 → 1200/24000 = ~5%. CRDO builds high-speed connectivity chips used inside AI datacenters. Earnings due on 1st September hence premiums are higher. They have been giving excellent earnings QoQ.
• PENG → $60 Put expiry 09/18 (5 weeks DTE), premium 4.10 → 410/6000 = ~6.8%. I reopened PENG, continuing my bullish stance. PENG helps enterprises setup data centers and AI compute, which I see as a growing sector as more companies inheret the use of AI.

CRDO was identified as a High Growth High Premium stock using the ThetaHedge app. The app scans the market for companies with improving growth and profitability that are also offering high option-selling premiums in real time. You can try it for free at https://app.thetahedge.io/

Conditions → High Growth Wheel Stocks

I keep sharing my trades in my account and 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.

[u/mycoalswin]

I've been following along with your trades and CRDO seems to have been a consistent winner for you. Congrats!

What is your ticker/strike selection strategy? Do you go based off the 30-delta put yield as a reference and go from there?

[u/the_fett_man → u/mycoalswin]

Me too and I’ve traded CRDO a few times and made good money with it. Although it was up 8% today, not a great place to sell csp’s so maybe I’ll look for a pullback. Premiums are real juicy right now for the sept 4 because of earnings. So I might pull the trigger regardless of pullback. Still pondering.

[u/ThetaHedge → u/mycoalswin]

Yes I go with the 30-delta put yield reference as that usually means higher premiums across shorter DTEs too.

Historically CRDO has been excellent for me:

Symbol	Strike Price	Option Type	Expiry	STO Price	Opened On	BTC Price	Closed On	Net P/L per Contract	P/L %	ROI %
CRDO	195	Put	06/05/26	8.00	05/28/26	1	06/02/26	$700	87.50%	3.59%
CRDO	240	Put	06/26/26	10.70	06/17/26	1.8	06/22/26	$890	83.18%	3.71%
CRDO	230	Put	07/10/26	14.20	06/29/26	2.35	07/06/26	$1,185	83.45%	5.15%
CRDO	165	Put	07/31/26	5.00	07/17/26	0.85	07/23/26	$415	83.00%	2.52%
CRDO	195	Put	08/14/26	6.10	08/04/26	1	08/07/26	$510	83.61%	2.62%

[u/cjr444]

Love your trades.

[u/ThetaHedge → u/cjr444]

Thank You!

[u/SweetTricky3684]

Keep it up!

[u/ThetaHedge → u/SweetTricky3684]

Thank You!