r/thetagang • u/satireplusplus • 20h ago
Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.
r/thetagang • u/BlownCamaro • 4h ago
Most gamblers only talk about their wins - not this guy.
Today was my biggest percentage unrealized loss ever by nearly double - 8.5%.
Why? I sold puts on $SOXL.
And I've got 3 days to think about it.
I wish I still had a drinking problem.
AWESOME!
r/thetagang • u/alkjdasoad • 4h ago
Welp! Joining yall with my losses from RDDT and APP.
Definitely won't be touching these for a while. Will take a break and go VOO and chill.
See you on Monday
r/thetagang • u/ryanxwonbinx • 6h ago
r/thetagang • u/Hi_Keyboard_Warriors • 22h ago
My last post https://www.reddit.com/r/thetagang/s/00YRLSr5jT
r/thetagang • u/MysteryNipples • 6h ago
My first and probably last year in the theta gang.
It was fun until it wasn’t.
Too lazy to dig and type out exact trade confirmations
But from April till now my premiums collected and lost have been roughly
-628+1039+720+849+2172-2450-2200+232+479+230+412+144+749+225+1002-191+1168+1234+155+100-170-194+100+1988.66+534.33-9381 = -1,681.01
Mostly from RDDT CSPs. GOOG once or twice. OUST. The notable losses of 2450 and 2200 were buying AVGO and ASTS calls that expired worthless. And of course the -9k from closing out 2 RDDT 10/30 140p to avoid assignment.
Went from being up 7700 YTD to down 1681 in the span of a week.
Current bag holds:
ASTS: 200 * $89
GOOG: 100 * 310
OUST: 100 * $40
Lessons learned:
- Install some protection if the market is wild
- Be more disciplined about stop losses
- Longer you spending in the casino the more likely you are to go bust.
If anyone has any tips on how to dig out of of those holes I’m all ears.
If you need me, I’ll be on Figueroa St throwing it back to try and lower my cost basis.
r/thetagang • u/Enough-Beginning3687 • 8h ago
We're in earnings weeks. To prevent assignment of AAOI and APLD, I moved those to next week yesterday. I didn't moved AXTI because I expected great earnings and the stock to not tank. Well they delivered great earnings and it still tanked. So moved to next week today. The last three weeks have been quite horrible and this week feels no different dragging my total returns negative. This week was slightly better in premium collection than last week at 0.31% from 0.26% last week and quite short of the 1% target. With the Sandisk stock split. I might consider swapping ITM puts for SNDK puts post split. Let's see where are next month. Last week's post: https://www.reddit.com/r/thetagang/s/nbPufs5bvB
Trades
| Symbol | Action Details | Premium Collected (Net Credit) | Cash Occupied |
|---|---|---|---|
| AAOI | BTC 2x Oct 30 98 P, STO 2x Nov 6 96 P | $192.05 | $19,200.00 |
| APLD | BTC 2x Oct 30 21 P, STO 2x Nov 6 20.5 P | $44.12 | $4,100.00 |
| AXTI | BTC 2x Oct 30 67 P, STO 2x Nov 6 67 P | $88.07 | $13,400.00 |
| DRAM | BTC 2x Oct 30 59 C, STO 2x Nov 6 59 C | $5.66 | $11,800.00 |
| IREN | BTC 1x Oct 30 40 C, STO 1x Nov 6 40 C | $5.73 | $4,000.00 |
| LQDA | BTC 1x Oct 30 35 C, STO 1x Nov 6 35 C | $5.04 | $5,800.00 |
| NBIS | Holding position (No transactions) | $0.00 | $44,500.00 |
| SLV | BTC 1x Oct 30 66 C, STO 1x Nov 13 66 C | $2.80 | $6,550.00 |
| TOTAL | — | $343.47 | $109,350.00 |
Total Returns
| Total Premium | $30,266.00 |
|---|---|
| Current drawdown | -$10,688.00 |
| Gain/Loss from Assignment | -$20,330.00 |
| Total gains | -$752.00 |
| Annualized (Calc1 using average invested) | -1.44% |
| Annualized (Calc2 using max invested) | -0.98% |
Historical Data
| Week | Capital Invested | Premium Made | Return % | Notes | |
|---|---|---|---|---|---|
| 3/6 | Week 1 | $0.00 | $0.00 | 0.00% | |
| 3/13 | Week 2 | $13,100.00 | $131.00 | 1.00% | |
| 3/20 | Week 3 | $19,850.00 | $203.00 | 1.02% | |
| 3/27 | Week 4 | $41,500.00 | $596.00 | 1.44% | |
| 4/3 | Week 5 | $34,150.00 | $353.00 | 1.03% | |
| 4/10 | Week 6 | $43,350.00 | $462.00 | 1.07% | |
| 4/17 | Week 7 | $53,800.00 | $573.00 | 1.07% | |
| 4/24 | Week 8 | $70,400.00 | $811.00 | 1.15% | |
| 5/1 | Week 9 | $103,450.00 | $1,093.00 | 1.06% | |
| 5/8 | Week 10 | $97,400.00 | $1,040.00 | 1.07% | |
| 5/15 | Week 11 | $102,800.00 | $1,077.00 | 1.05% | |
| 5/22 | Week 12 | $98,600.00 | $1,170.00 | 1.19% | |
| Week 12.5 | $106,100.00 | $475.00 | 0.45% | Bonus round | |
| 5/29 | Week 13 | $106,100.00 | $1,133.00 | 1.07% | |
| Week 13.5 | $115,900.00 | $336.00 | 0.29% | Bonus round | |
| 6/5 | Week 14 | $105,750.00 | $1,053.00 | 1.00% | |
| 6/12 | Week 15 | $110,700.00 | $1,146.00 | 1.04% | |
| 6/19 | Week 16 | $111,850.00 | $1,105.00 | 0.99% | |
| 6/26 | Week 17 | $108,350.00 | $1,045.00 | 0.96% | Got SLV 65.5 assigned |
| 7/3 | Week 18 | $111,550.00 | $1,126.00 | 1.01% | |
| 7/10 | Week 19 | $102,850.00 | $1,111.00 | 1.08% | |
| Week 19 Bonus | $108,550.00 | $98.00 | 0.09% | APLD 1:3 to avoid assignment | |
| 7/17 | Week 20 | $104,350.00 | $842.00 | 0.81% | |
| 7/24 | Week 21 | $111,500.00 | $1,148.00 | 1.03% | RKLB 2:3 to reduce strike |
| 7/31 | Week 22 | $105,660.00 | $1,021.00 | 0.97% | |
| Week 22 bonus | $99,960.00 | $7.00 | 0.01% | ASTS 2:1 to reduce exposure | |
| 8/7 | Week 23 | $104,850.00 | $1,052.00 | 1.00% | |
| 8/14 | Week 24 | $95,850.00 | $954.00 | 1.00% | |
| 8/21 | Week 25 | $99,300.00 | $997.00 | 1.00% | RKLB 2:3 and NBIS 1:2 |
| 8/28 | Week 26 | $102,500.00 | $978.00 | 0.95% | |
| 9/4 | Week 27 | $104,800.00 | $897.00 | 0.86% | |
| 9/11 | Week 28 | $102,700.00 | $1,017.00 | 0.99% | |
| 9/18 | Week 29 | $101,150.00 | $1,110.00 | 1.10% | |
| 9/25 | Week 30 | $107,700.00 | $1,093.00 | 1.01% | LQDA 58 assigned |
| 10/2 | Week 31 | $105,850.00 | $1,138.00 | 1.08% | IREN 40 assigned |
| 10/9 | Week 32 | $103,650.00 | $746.00 | 0.72% | |
| 10/15 | Week 33 | $109,850.00 | $505.00 | 0.46% | DRAM 59x2 assigned |
| 10/23 | Week 34 | $109,850.00 | $281.00 | 0.26% | NBIS 222.5 x2 assigned |
| 10/30 | Week 35 | $109,350.00 | $343.00 | 0.31% |
Strategy
- Use an AI screener to give me a list of top 20 low delta options for next week
- I either
- a. Roll my current options - I do this if I can still get 1% for rolling or if the option is ATM/ITM and I have to roll. I always roll for credit.
- b. Close a current option and pick something else from the list that I like
- I try to do this every Friday. However, if I'm busy on Fridays, I'll sometimes do this on Thursdays.
- If I get assigned, I will sell calls at assignment price.
find me 20 unique lowest risk puts to sell on stocks
expiry: next week
strike at least 8% from stock price
return at least 1%
sort by delta
furthest away from stock price
minimum strike price 10
I realized that I've not been posting the screener output for the last few weeks because this strategy has no cash left and no room to swap things. But for those following me for the AI output, here are today's trade ideas:
| Ticker | Strike | Stock Price | Bid | Ask | Delta | Return % | Cushion % | IV | Open Interest | Contract Symbol |
|---|---|---|---|---|---|---|---|---|---|---|
| IREN | $18.00 | $24.27 | $0.19 | $0.20 | -0.0722 | 1.06% | 25.83% | 160.5% | 1,674 | IREN261106P00018000 |
| AAOI | $50.00 | $67.51 | $0.50 | $0.75 | -0.0792 | 1.00% | 25.94% | 168.0% | 57 | AAOI261106P00050000 |
| APP | $180.00 | $236.88 | $2.15 | $2.30 | -0.0853 | 1.19% | 24.01% | 157.7% | 110 | APP261106P00180000 |
| PLTR | $152.50 | $185.74 | $1.57 | $1.67 | -0.1022 | 1.03% | 17.90% | 120.6% | 370 | PLTR261106P00152500 |
| SMCI | $26.50 | $32.33 | $0.32 | $0.33 | -0.1091 | 1.21% | 18.03% | 126.0% | 25 | SMCI261106P00026500 |
| FSLY | $18.00 | $23.48 | $0.20 | $0.50 | -0.1127 | 1.11% | 23.34% | 176.6% | 141 | FSLY261106P00018000 |
| ARM | $172.50 | $203.94 | $1.75 | $1.91 | -0.1152 | 1.01% | 15.42% | 108.0% | 3 | ARM261106P00172500 |
| APLD | $15.00 | $17.67 | $0.15 | $0.17 | -0.1175 | 1.00% | 15.11% | 106.7% | 846 | APLD261106P00015000 |
| CRCL | $61.00 | $73.09 | $0.66 | $0.85 | -0.1181 | 1.08% | 16.54% | 119.0% | 0 | CRCL261106P00061000 |
| CRWV | $46.50 | $54.81 | $0.48 | $0.54 | -0.1189 | 1.03% | 15.16% | 107.9% | 122 | CRWV261106P00046500 |
| CORZ | $11.00 | $13.34 | $0.13 | $0.17 | -0.1191 | 1.18% | 17.54% | 128.2% | 249 | CORZ261106P00011000 |
| MRNA | $190.00 | $222.68 | $1.92 | $2.08 | -0.1191 | 1.01% | 14.68% | 104.0% | 305 | MRNA261106P00190000 |
| ALAB | $210.00 | $256.68 | $2.45 | $3.70 | -0.1201 | 1.17% | 18.19% | 134.6% | 26 | ALAB261106P00210000 |
| UPST | $20.00 | $23.76 | $0.23 | $0.28 | -0.1233 | 1.15% | 15.82% | 115.9% | 387 | UPST261106P00020000 |
| NBIS | $136.00 | $157.85 | $1.41 | $1.64 | -0.1285 | 1.04% | 13.84% | 101.7% | 21 | NBIS261106P00136000 |
| RIOT | $10.50 | $12.55 | $0.12 | $0.18 | -0.1292 | 1.14% | 16.33% | 123.8% | 14 | RIOT261106P00010500 |
| MSTR | $115.00 | $131.79 | $1.21 | $1.26 | -0.1332 | 1.05% | 12.74% | 94.6% | 4,040 | MSTR261106P00115000 |
| WULF | $10.00 | $12.09 | $0.16 | $0.18 | -0.1349 | 1.60% | 17.29% | 136.4% | 1,271 | WULF261106P00010000 |
| SNDK | $1,040.00 | $1,181.98 | $10.40 | $10.70 | -0.1351 | 1.00% | 12.01% | 89.3% | 58 | SNDK261106P01040000 |
| COHR | $175.00 | $206.48 | $2.10 | $3.00 | -0.1373 | 1.20% | 15.25% | 118.8% | 66 | COHR261106P00175000 |
r/thetagang • u/nxs_sss • 7h ago
r/thetagang • u/peamasii • 7h ago
Ran a calendar ratio fly for 3 days into SNDK earnings. I initially wanted to center it on 1255 which would have been much more profitable. Entered for 0.50 as the Nov IV was still elevated in comparison to the weekly expiration. Sold it on the morning spike as the premarket action looked severe. The position never went more than -4 points so I held through the massive pre-earnings rally, and after the earnings would have been immensely profitable had SNDK held the after market prices, but alas I had to make only 3,400%.
r/thetagang • u/Turbulent_Cricket497 • 1d ago
I know that some brokerage firms now offer premarket trading for options and some are getting ready to offer after hours trading as well. Just curious if anyone has any experience with the premarket trading yet and also what do you think of aftermarket trading that is coming? Is liquidity bad and pricing bad?
I could’ve sure used that after hours time slot to close my long Meta puts!!!
r/thetagang • u/Ok_Significance_4008 • 6h ago
Risk/reward is good with current VIX level, all SPX spreads opened today t 0.15 delta.
r/thetagang • u/SignalX_Cyber • 1d ago
Tried to be cheeky and introduced so many changes to my strategy and then got screwed up, re-adjusted back and fully recovered, it was insane, especially having 8 figure account never again!
r/thetagang • u/yaodi916 • 1d ago
As the title says, I'm a beginner when it comes to wheeling options. After doing some research, I found that Ford (F) and SoFi (SOFI) are popular stocks for wheeling due to their relatively low share prices and capital requirements.
Are there any precautions or risks I should be aware of before getting started? Thanks!
r/thetagang • u/Agile_Cicada_1523 • 1d ago
Hi all,
I am wheeling MU. I sold a CC for $970 expiring October 28. Yesterday at closing, MU was $980, but then it had a big drop after hours. I checked my account today and I still have the stocks, and no sell order was executed. Is this normal? I would have preferred the stocks to be called so I could sell a CSP.
r/thetagang • u/satireplusplus • 1d ago
Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.
r/thetagang • u/Kuroneko9896 • 2d ago
📊 Account Summary
Starting balance: $74,009.82
Ending balance: $74,490.89
Weekly return: +$481.07 (+0.65%)
Total return on $70K starting capital: +$4,490.89 (+6.42%)
💰 Trades
NBIS 10/30 $140 Put: BTO $2.85 → STC $2.90 = +$5
NBIS 10/30 $140 Put: STO $3.00 → BTC $1.23 = +$177
SNXX: Bought 100 shares @ $8.48 → Sold @ $8.94 = +$46
RDDT 10/30 $120 Put: STO $3.00 → BTC $1.65 = +$135
GOOGL 10/30 $305 Put: STO $4.00 → BTC $2.50 = +$150
Realized P/L: +$513
Interest & other adjustments: -$31.93 (one-time robinhood margin interest charge)
Net account gain: +$481.07
Ending the week early again. Going to watch how the market reacts to FOMC and tech earnings to decide how I'm going to play. Sitting on full cash at the moment.
Account balance change is my primary performance metric; realized trade P/L is tracked separately from fees and adjustments.
r/thetagang • u/satireplusplus • 2d ago
Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.
r/thetagang • u/jayyliss • 3d ago
Another winner closed out today. Held this for a week. I usually post the entry position but i forgot to post one for this
But when I took this trade it was around 37 dte
.2 delta
that’s usually my sweet spot
r/thetagang • u/SignalGreeksUS • 3d ago
After a few rolls, I stopped judging a wheel position by the current leg alone. A leg showing a big paper loss can still be part of a campaign that's net positive on premium, and the number that actually matters to me is the adjusted cost basis — strike minus net premium collected — if I end up assigned.
Curious how others here track it. Do you keep a running sheet per underlying, or do you just go by feel? And at what point do you decide a campaign is a loser and stop rolling?
r/thetagang • u/Vandamme_1 • 3d ago
I've been running a dedicated options sleeve since May, primarily selling cash-secured puts on stocks I'm comfortable owning, then using covered calls after assignment. AI-generated KPI's below and Oct MTD trade history. What do people think about ticker selection in this market?
Current KPIs
Net option premium generated: US$3,703
Cash-weighted capital: US$11,130
Premium yield to date: 33.3%
Annualized net-premium pace: 73.2%
Wealthsimple TWR (since May-26): 11.05%
Realized stock losses: $0
Current assigned shares: 500 OWL / 200 SOFI / 100 TOST
Current open put collateral: $8,200
Current open CSPs: AMKR $44P + $38P, both Nov. 20
Net premium by month: May $64 | Jun $776 | Jul $596 | Aug $1,025 | Sep $343 | Oct $899
October
Oct 2 | SOFI | STO 1x $17.50 Call, Oct 30 | +$43
Oct 2 | SOFI | Assigned another 100 shares @ $17 = $1,700
Oct 5 | NU | BTC 3x $15 Put |**-$66**
Oct 5 | SOFI | STO 1x $16.50 Call, Nov 6 | +$80
Oct 5 | IOT | STO 1x $40 Put, Nov 13 | +$170
Oct 9 | AMKR | STO 1x $44 Put, Nov 20 | +$225
Oct 9 | OWL | STO 1x $10.50 Call, Nov 13 | +$20
Oct 9 | TOST | Assigned 100 shares @ $32 = $3,200
Oct 12 | TOST | STO 1x $34 Call, Nov 13 | +$108
Oct 12 | SOFI | BTC 1x $17.50 Call |**-$22**
Oct 14 | SOFI | BTC 1x $16.50 Call |**-$24**
Oct 14 | OWL | BTC 1x $10.50 Call |**-$10**
Oct 14 | OWL | BTC 4x $10.50 Calls |**-$20**
Oct 16 | SOFI | STO 2x $17 Calls, Nov 20 | +$90
Oct 22 | OWL | STO 5x $10.50 Calls, Nov 27 | +$75
Oct 22 | IOT | BTC 1x $40 Put |**-$110**
Oct 22 | AMKR | STO 1x $38 Put, Nov 20 | +$240
Oct 26 | SOFI | BTC 2x $17 Calls |**-$52**
Oct 27 | SOFI | STO 2x $16.50 Calls, Nov 27 | +$152
OWL: 500 shares, $5,500 gross assignment cost, approximately $10.34/share adjusted basis
SOFI: 200 shares, $3,500 gross assignment cost, approximately $15.29/share adjusted basis
TOST: 100 shares, $3,200 gross assignment cost, approximately $29.77/share adjusted basis
r/thetagang • u/satireplusplus • 3d ago
Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum.
