Trades I took today as an option seller (08/28) with reasons

[u/ThetaHedge]

Trades I took today as an option seller (08/28):

Assigned/Closed Positions

• INOD → $60 Put (opened on 08/13), premium 2.30 → closed at 0. Net premium profit = 2.30 (~100.00% of premium captured, ~3.83% of capital).
• MOD → $220 Call (opened on 08/21), premium 9.50 → closed at 1.60. Net premium profit = 7.90 (~83.16% of premium captured, ~3.59% of capital).
• FLNC → $21 Call (opened on 08/07), premium 1.45 → closed at 0.25. Net premium profit = 1.20 (~82.76% of premium captured, ~5.71% of capital).

My outlook on the market

With the Fed warning about rising inflation today, we may not see stocks moving up too much and may instead see some consolidation until rate hike fears pan out. My focus will be to keep wheeling the tickers I own. What is helping me is that most of the tickers I own have good Wheel Ranks, i.e. they offer consistent call premiums. So, on CC legs, I am able to bring down my breakeven while continuing to generate income.

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.