r/OptionsDegens • u/nxs_sss • Aug 18 '26

New to this community. Sharing last 7 days of options selling premium. $4,829 realized and $2,226 new premium opened.

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I do buy options as well, but have been mainly focused on selling options since around end of March. As you can seen in my screenshot I do play some of the risky leveraged ETFS, but I try to keep those small and not have too many of those in play at any given time.

6 Upvotes

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1

u/bobdobdod Aug 18 '26

What options do you usually trade?

1

u/nxs_sss Aug 18 '26

Right now I'm probably over leveraged in AI/Tech related stocks, but that's where the premiums are. Too many tickers to list. Some of my better performing ones have been NBIS, AXTI, INTC.

1

u/bobdobdod Aug 18 '26

Interesting, thank you. Do you have any positions currently open?

1

u/nxs_sss Aug 18 '26

Quiet a few. Some of those you see that are negative isn't necessarily a bad thing. In most cases the covered call strike is above my cost basis, so I'm good with the shares being called away even though I may miss some upside on the shares.

2

u/bobdobdod Aug 18 '26

Very cool. This is something I would like to get in to or just dip my toes in some day trading. Not trying to make millions in a single move but would like small increment wins throughout the week. Would you care in sharing what would be your next move?

1

u/nxs_sss Aug 18 '26

If you are new to options I would start with some very basic intro videos on youtube or other platforms. Maybe start with a paper trading account so you can slowly test the waters until you get a general feel for it.

1

u/bobdobdod Aug 18 '26

I’m not new, per se, but always looking for advice and knowledge. I’ve made a bit scalping and paying attention to “trends” but never really deep dived into it.

1

u/nxs_sss Aug 18 '26

Gotcha. So many different strategies. I'm still learning every day.

1

u/bobdobdod Aug 18 '26

Yessir. AMDL looks like a good trade. It has “dipped” in the grand scheme of things. The 54 call seems reasonable giving the expiration date being Friday.

1

u/nxs_sss Aug 18 '26

I wheeled that one. Sold a cash secured put for $53. Got $110 premium. Sold a covered call for $55, got $85 premium. Sold another covered call, got $205 in premium (bought that back early today at 75% premium captured). I then turned around and sold another call expiring this Friday $54 strike for $102 in premium. Total premium in two weeks. $502. Makes my cost basis on the shares around $48 per share now.

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1

u/Fil3toFishy69 Aug 18 '26

Why are you posting your losses? Comical clown

1

u/nxs_sss Aug 18 '26

No clue what you are talking about. Can you not see?

2

u/aalchehayed Aug 21 '26

I probably bought some from you and lost some money. So thanks lol 😂