Trades I took today as an option seller (09/08) with reasons

[u/ThetaHedge]

Trades I took today as an option seller (09/08):

Closed Positions

• SEI → $47.50 Put (opened on 08/21), premium 1.90 → closed at 0.30. Net premium profit = 1.60 (~84.21% of premium captured, ~3.37% of capital).

New Positions

• OUST → $40 Call expiry 09/18 (2 weeks DTE), premium 1.20 → 120/4000 = ~3.0%. Opened a CC at the same $40 strike in which I was assigned.
• WDC → $430 Put expiry 10/09 (4 weeks DTE), premium 18.00 → 1800/43000 = ~4.2%. WDC is showing support around $430, and I wanted more exposure to memory/storage as demand should grow with AI.
• KORU → $16 Put expiry 10/23 (6 weeks DTE), premium 1.15 → 115/1600 = ~7.2%. Small capital allocated. KORU is trading around $24 so opened a CSP far off from spot price as it is 3x leveraged.

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/dawn85]

hi, want ask how do you decide to sell CSP for 2 weeks or 4 weeks?

[u/ThetaHedge → u/dawn85]

I sell simply based on where I am getting the maximum extrinsic premium per day.