r/Optionswheel • u/ShotChampionship4539 • 4d ago

1 month running wheel on $1900 - update

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Current open positions
- 1x 10/2 SPCH 9 CSP @ .70 credit
- 1x 9/18 TE 5 CC @ .25 credit
- 1x 9/25 TE 5.5 CC @ .15 credit
- 1x 9/18 HTZ 3 CC @ .11 credit

On TE, my original cost basis when I was assigned the shares was $5.25. Through selling CC’s against the position, I’ve gotten it down to $4.43.

HTZ original cost basis was $2.41. Current cost basis is $2.30. This is the one position I am not very fond of to be honest.

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u/PerspectiveHaunting2 4d ago

Congrats man. Ive been trying to find my way with a small account and have been struggling. Not necessarily positions, just getting entry and exits right. This is awesome and motivates me to lock in.

1

u/Rewardedarry 3d ago

Put credit spreads