Derek | I Sell Options

Selling options around a day job. $55k premium in 10 months, every trade posted, losers included. The wheel on resting orders. Not advice, just the log.

[Derek | I Sell Options @DerekOptions7]

September wheel recap:

$5,957 realized across 33 rounds closed. 10 tickers.

Every close came from a resting GTC buyback set before the month started. No screen time, no adjusting into the tape. The tiers did the work while I was at my day job covering cases.

[Derek | I Sell Options @DerekOptions7]

Wheel log, week of 10/5:

$BE 260 CSP closed 5.00, sold 10.00. +$500.

$HOOD 123 CC x2 closed 1.09, sold 2.84. +$350.

$DRAM 64 CC x2 closed 0.50, sold 1.00. +$100.

$IREN 45.5 and 48 CC. +$97.

$1,047 realized, $4,230 collected and open.

Bricks stacked

[Derek | I Sell Options @DerekOptions7]

Trades Wed and Thu:
$HOOD 123 CC x2 closed 1.09, sold 2.84. +$350.

$DRAM 64 CC x2 closed 0.50, sold 1.00. +$100.

$IREN 45.5 CC closed 0.50, sold 1.00. +$50.

Sold: $ALAB 345 CSP at 16.00. $BE 265 CSP at 7.55. $HOOD 116 and 118 CC.
$500 realized, $2,730 collected.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$BE 260 CSP closed at 5.00, sold Wednesday at 10.00. +$500 in 6 days.

$IREN 45.5 CC sold at 1.00, $100 collected.

Tier 1 buyback hit half the credit on $BE in under a week. Closed the $IREN 48 yesterday and came down to 45.5 for more premium.

[Derek | I Sell Options @DerekOptions7]

Trades today:
$NBIS 210 CSP sold at 9.00, $900 collected.
$GLW 150 CSP sold at 6.00, $600 collected.
$HOOD 123 CC x2 sold at 2.84, $568 collected.
$IREN 48 CC closed at 0.45, sold Friday at 0.92. +$47 realized.
$2,068 in new premium. Friday's called-away cash is back to work.

[Derek | I Sell Options @DerekOptions7]

$NBIS rotation closed today too. Called away at 240.

6/29 to 10/2. 95 days.

1 put, 5 covered calls.

$3,416 in premium.

$4,000 on the share leg, in at 200, out at 240.

Cycle total $7,416 on about $20k of capital.

[Derek | I Sell Options @DerekOptions7]

Wheel log, week of 9/28:
$CIFR 20 CC x5. +$255.

$RIOT 23 CC x2. +$126.

$HOOD 116 CC x2. +$628.

$DRAM 62 CC x2. +$256.

$IREN 50 CC. +$80.

$GLW 145 CSP. +$300.

$BE 250 CSP. +$600.
$CLS 370 CC and $NBIS 240 CC assigned, $1,300 kept.
$3,545 realized. Short options only.

[Derek | I Sell Options @DerekOptions7]

$CLS rotation closed today. Shares called away at 370.

Full cycle, 6/8 to 10/2. 116 days.

2 puts, 12 covered calls, 14 rounds.
$6,865 in premium.

$1,000 on the share leg, in at 360, out at 370.

Cycle total $7,865.

[Derek | I Sell Options @DerekOptions7]

September premium by ticker:

$ALAB $1,398
$CLS $1,170
$NBIS $756
$GLW $670
$BE $600
$CIFR $488
$HOOD $320
$IREN $211
$RIOT $198
$DRAM $146

Two names did 43% of it. $CIFR took 12 rounds to make less than one $ALAB put.

[Derek | I Sell Options @DerekOptions7]

September wheel recap:

$5,957 realized across 33 rounds closed. 10 tickers.

Every close came from a resting GTC buyback set before the month started. No screen time, no adjusting into the tape. The tiers did the work while I was at my day job covering cases.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$CIFR 20 CC x4 closed at 0.12, sold between 0.45 and 0.80. +$205.

$IREN 50 CC closed at 0.20, sold at 1.00. +$80.

$GLW 145 CSP sold at 6.00, +$600.

Closed the old $GLW put at 140 last week, resold 5 strikes higher for more premium. Stock came to me.

[Derek | I Sell Options @DerekOptions7]

Wheel log 9/21 to 9/25:

1 close, 1 win. +$230 realized. $1,900 collected.

$GLW 140 CSP: 4.60 to 2.30, 50% in 2 days.

$CLS 370 CC sold at 7.00.

$BE 250 CSP sold at 12.00. Biggest put premium since the $ALAB.

Light on closes, heavy on collection. Whole book rides into 10/2.

[Derek | I Sell Options @DerekOptions7]

Trades today: none.

Whole book is working and nothing came close to a buyback price. $CLS, $NBIS, $HOOD, $DRAM, $CIFR, $RIOT, $IREN all riding into 10/2. The $BE put from yesterday just sits.

Days like this are most days honestly. Theta doesn't need me watching.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$BE 250 CSP sold at 12.00, +$1,200 collected. 30 days out.

New name on the put side. Breakeven 238 if it gets put to me, which I'd take. Second biggest premium I've collected on a single contract.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$GLW 140 CSP closed at 2.30, sold Friday at 4.60. +$230 realized, 50% in 2 days.

Sold it Friday with a 28 day runway, half the premium gone by Tuesday. Corning rallied and theta did the rest. Cash free again for the next rung.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$CLS 370 CC sold at 7.00, +$700 collected. Reload after Friday's buyback at 3.70.

Fourth time selling this exact strike in two weeks. The first three round trips banked $1,170. Sell the pop, buy the dip, sell it again. One strike doing all the work.

[Derek | I Sell Options @DerekOptions7]

And the reloads:

$NBIS 240 CC sold at 6.00, +$600. Strike 10 higher than the one I just closed.

$GLW 140 CSP sold at 4.60 for 10/16, +$460.

$CIFR 20 CC both accounts, +$95.

$1,155 collected same day. Ladder reset, book covered, nothing sitting idle.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$ALAB 280 CSP closed at 0.02, sold at 14.00 a month ago. +$1,398.

$NBIS 230 CC closed at 0.04, sold at 5.50. +$546.

$CLS 370 CC closed at 3.70, sold yesterday at 7.40. +$370.

$2,314 realized, biggest day yet. Sold $1,155 more into 10/2 and 10/16.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$CLS 370 CC sold at 7.40, +$740.

$HOOD 116 CC x2 at 3.20, +$640.

$DRAM 62 CC x2 at 1.30, +$260.

$CIFR 20 CC x4 both accounts, +$327.

$RIOT 23 CC x2 at 0.79, +$158.

$2,125 collected rolling the book to 10/2. Two $CIFR closed at 0.40 inside the hour, +$84.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$HOOD 115 CC x2 closed at 0.40, sold at 2.00. +$320 realized, 80%.

$IREN 50 CC sold at 1.00, +$100 collected.

So much noise lately around the market. I just stick to my plan and keep stacking bricks.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$RIOT 23 CC x2 closed at 0.09, sold at 0.45. +$72.

$CIFR 18 CC x2 closed at 0.09, sold at 0.45. +$72.

$IREN 48 CC closed at 0.14, sold at 0.70. +$56.

+$200 realized. Three 80% targets, all placed a week ago, all filled today. Book's clean into Friday expiry.