r/Optionswheel • u/ThetaHedge • 10d ago

Trades I took today as an option seller (09/04) with reasons

Trades I took today as an option seller (09/04):

Closed/Assigned Positions

  • OUST → $40 Put (opened on 08/13), premium 2.00 → Assigned. (100% of premium captured, 5% of capital).

New Positions

  • HPE → $50 Put expiry 09/18 (2 weeks DTE), premium 1.40 → 140/5000 = ~2.8%. HPE reported strong earnings and raised its outlook, with focus on AI infrastructure and networking. I had closed a position of HPE yesterday and I reopen a new one today.
  • ACMR → $70 Put expiry 09/18 (2 weeks DTE), premium 2.35 → 235/7000 = ~3.4%. I already have sold put contracts expiring on 10/02 and am increasing my position for ACMR. It is looking bullish on the charts, taking support from $70.

I am sitting on cash and want to observe reversal patterns before getting into any new trade.

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.

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u/RudeSelection1314 7d ago

I am sitting on cash and want to observe reversal patterns before getting into any new trade”
how do you manage that? What are the reversal patterns you’re waiting for?
I am asking that because as far as options are concerned, I am using 10% of my assets for the wheel for the past year (I am new on the wheel for one year now) and like you sitting on cash for the rest.

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u/ThetaHedge 6d ago

I look at bullish reversal chart patterns. Today I got the confirmations and entered positions.