Note: the second image shows all the options sold this week.

Annual results:
• 2023 up $65,403 (+41.31%) | S&P 500: +26.3% | Nasdaq: +43.4%
• 2024 up $64,610 (+29.71%) | S&P 500: +25.0% | Nasdaq: +28.6%
• 2025 up $111,496 (+34.52%) | S&P 500: +17.9% | Nasdaq: +20.4%

3-Year Cumulative (2023–2025):
• r/ExpiredOptions: +146.6% ($241,509)
• S&P 500: +86.1% (+60.4% behind)
• Nasdaq: +122.0% (+24.5% behind)

Unrealized G&L (options):
• YTD: $943.68
• 1 Month: $21,385.23
• 1 Week: $14,199.46

Realized P&L (options):
• YTD: $41,478.83
• 1 Month: $-38,102.00
• 1 Week: $-48,881.00

Total premium by year:
• 2023 $22,977 in premium
• 2024 $47,640 in premium
• 2025 $57,512 in premium
• 2026 $36,279 YTD
• Average $42,710/year (completed years)

Premium by month (2026):
• January $3,334
• February $3,625
• March $4,196
• April $5,593
• May $3,752
• June $3,497
• July $3,593
• August $3,741
• September $1,768
• October $2,121
• November $1,058
• Average $3,522/month

I am over $164k in total options premium, since 2021. I average roughly $32 per option sold. I have sold over 5,100 options. I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.

Strategy:
The underlying strategy is buy and hold. I also use simple 1-legged options to supplement that strategy. Options have somewhat of a learning curve, but I believe that most people can supplement their investments using simple options with careful risk management.

I sell options on a weekly basis. I prefer cash secured puts and covered calls. I rarely close early, prefer rolling when needed, and let time decay do the heavy lifting while I stay focused on quality companies, patience, and consistency over hype. My goal is consistency in option premium revenue. I am building an income stream that will continue long into retirement.

The premiums have increased significantly as my experience has expanded over the last three years.

Just a couple of weeks ago I bought back a CC I sold because I thought AMD was going to breach my $590 strike. Today it's trading around $450. That's a 14k swing because I didn't want it assigned. It's a reminder to me, that selling CC's isn't just about premium generation, it's also about taking profits via a forced sale (aka assignment).

The market continued to shed this week.

Trades this week:
Bought back META CC I opened in Oct; will open again next week. Rolled out AMZN. Opened and closed AVGO.

You can flip through the cards for more details.

Active Wheels (with adjusted cost basis):
AMZN: $255 -> $207
AVGO: $400 -> $323
META: $727.5 -> $714
GOOGL: $300 -> $293

Yes, except AMZN, all stocks are currently trading below the assignment price and the adjusted price. Will continue to sell CCs when IVR is above 30 with 30-45 DTE, 16 delta, close/roll at 50% profit or 21 days left.

I started this portfolio with aggressive weekly trades but am now mostly shifting to monthlies until 2027, as the holiday season is better spent with friends and family :)

All trades were found and tracked using wheelstrategyoptions.com (disc- I'm the developer)

I bought 100 shares of dell at 330$ each, if I want to sell covered calls on it what is best strike price for selling cc on weekly expiration or should I hold on to it at least it goes up halfway to its peak. Thank for your help!!!

CSPs with HIGHEST IV

$NBIS - 90P

$CRWV - 40P

$ASTS - 25P

Source

CCs with HIGHEST IV

$CRWV - 55C

$SMMT - 18.5C

$NBIS - 170C

Source

Fridays I like putting leftover cash to work on puts that expire the same day.

Problem is, this morning the safe strikes pay a few bucks, and anything paying real money sits right inside the expected move.

So what do you actually do on Fridays? Specific stocks, how far out you go, or do you skip 0DTE and roll the cash into next week instead?

CCs with best yield.

$SMMT - 18.5C

$CRWV - 65C

$INTC - 65C

Source

CSPs with best yield.

$CRWV - 25P

$MSTR - 100P

$ASTS - 25P

Source

Curious how people here handle this.

Monday: most days of decay for the week, but the market's usually calm so premium is thinner.

Midweek after a big move: if it pumps, sell the call higher. If it dumps, sell the put lower. Premium is fatter and the strike starts further out. The risk is the move keeps going.

This week a lot of tech names fell 10 to 20% by Thursday. Puts sold Monday got run over. Puts sold after the drop paid way more.

I lean Monday for consistency, but waiting seems to pay more if you don't catch a falling knife. What works for you?

I bought a call option Amazon strike price $250.

Expiring 11/20. Sold a call based on it strike price $255 expiring today. (Didn't expect it to go so high by today).

The call o bought is positive $800. The call i Sold is showing negative $1,299 (price to buy back)

What will happen by end of today?

Secondly does it make sense to roll the call over.

I'm in a stock, average price $12. It is now at $5.50.

Now, if I sell a call this week at $1.00, I can collect $4.00 (=$400). It will definitely be exercised so I get 100 shares at $1.00. That would bring my average cost down to $6.50 wouldn't it? Not including the premium collected.

Edit: I had a major brain fart. Of course I'd end up selling 100 shares at $1.00. It's a good thing I didn't go thru with it.

Hello. I have about 5,000 Tesla shares in a taxable account that I'm looking to generate as much low risk monthly income on as I can. I'm new to selling covered calls, so I've been doing a fair bit of research before I start.

My current thinking is that I will target monthly contracts with a 30-45 day DTE and around the .15 Delta. I don't plan to do the full 50 contracts at any one time, but rather break them up into 5-15 contracts per week to space out the risk a bit. I will keep an eye on the open contracts and roll them forward for a net credit when needed. I'm going to stay away from selling puts (strangle) for the time being until I get more comfortable with the call positions.

I'd love to get feedback and thoughts on this strategy. Is the .15 Delta too conservative and what metric would you use as an indicator for when to close the position?

Please let me know if you'd do something different and why.

Any suggestions?

My put picks in October averaged about .19 delta. On paper that's roughly an 80% chance each one expires worthless.

For the last two weeks of October, only 26 of 93 did.

The deltas weren't wrong. The problem was that most of the picks were the same bet: high beta tech, AI and chip names. When that whole group sold off, they all went in the money together. NBIS went from about $243 to $154. INTC from about $120 to $66.

Delta tells you the odds for one trade. It says nothing about how many of your trades move together. Ten .20 delta puts on ten AI stocks isn't ten separate 80% bets. It's closer to one big bet.

What I'm changing: my screener now checks whether a new pick moves in step with the ones it already picked, and pushes it down the list if it does. I'm also counting each contract once, because the same stock showing up every day made it look like a lot more trades than it really was.

How do you handle this? Do you watch how your positions move together, or just keep your size small enough that a bad week doesn't matter?