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I have a realized gains of ~30k this year, only doing this on weeks where I’m not too burdened with work.
Could you please teach me?
Coach
Why don’t u provide more details on what strategy, tickers you use for the benefit if the group?
A red day is also proven to recover within 1-2 weeks for stable companies.
Coach
Look at CRTX csps lol
Coach
Keep one thing in mind though. Doing puts on own money as collateral has proven to provide less returns versus holding the stock upright. Csps or running wheel on margin is a better choice. Own moneys should ideally be put to work in long term stocks and only used for selling covered calls. I am assuming you get rid of the stock if you get assigned?
do you sell weekly or monthly CSPs? The premiums from selling monthly CMPS puts has been insane
Premiums are unbelievable, but it doesn’t fit my criteria of stable, proven tech companies.
What stocks are you selling put on?
I do similar (theta wheel) with a higher focus on CSP vs getting assigned 100% of the time. You need a large amount of capital otherwise you have to utilize margin. My focus is on TLRY (largest paper loss), RIOT, AI, HUT, SNDL, WISH (ouch), SOS, and some more stable companies. I prefer weeklies but take monthlies sometimes.
Forgot to mention this is my first year of the strategy and mounted some pretty bad paper losses (TLRY) that I’m selling CC on now till it gets back to my price of entry. Luckily I’m a fan of the company.