Tim | Retire with Options

I left my corporate career at age 43 | Now I sell options for a living | Posts are not financial advice | Link below to my trade alerts and trade summaries 👇

[Tim | Retire with Options @Options2lRetrie]

Gi’Anna Marie Martin 💕 Mommy Love You Sooooooo Much baby🙏🏽

[Tim | HB7 Trading @Options2Retire]

Monthly income chart from selling options over the last 15 months.

15 months ago I was made redundant (after a 17-year corporate career) and I decided to make a living with selling options.

Average income $9,125/month. I'm typically $350k - $400k invested.

As always, this includes:
- trades that I closed out, expired worthless or got assigned
- trades that I rolled out/up/down
- trades that are still open (I mostly sell monthly options)
- dividends from stocks that were assigned to me from cash-secured puts and I now sell covered calls against, or from stocks that I bought outright for selling covered calls

#Options #Optionselling #OptionsTrading

[Tim | HB7 Trading @Options2Retire]

Nov 2023 net options income from selling cash-secured puts and covered calls:

👉$7,746

I typically was $350k-$400k invested.

90% of the income came from:
$TQQQ $AI $TNA $RIOT $MARA $TSLA $SOXL

#Optionselling #OptionsTrading #options #trading #StockMarket #fintwit #finx

[Tim | HB7 Trading @Options2Retire]

Weekly Options Income from selling cash-secured puts and covered calls (Nov 27 - Dec 1, 2023):

👉$994

I closed out a lot of trades this week to lock in profits!

Tickers I traded this week: $TSLA $MARA $RIOT $TNA $TQQQ $PLTR $SOXL $MPW

#Optionselling #OptionsTrading #options

[Tim | HB7 Trading @Options2Retire]

My favorite tickers over the last two weeks for selling cash-secured puts. These consistently offered a monthly return of 2%+ with a delta of <0.2

👉 $TSLA $TQQQ $TNA $SOXL $RIOT $MARA $PLTR

#Optionselling #OptionsTrading #Options

[Tim | HB7 Trading @Options2Retire]

Note that I have my first impersonator contacting my followers. Please pay close attention to the username as well as my blue checkmark!

Please help reporting as scam and blocking.

Thanks!

[Tim | HB7 Trading @Options2Retire]

When selling options, I also include technical analysis to help pick the strike price:

👉Stock price support levels (cash-secured puts) and resistance levels (covered calls)
👉50-day and 200-day moving averages as support/resistance lines
👉Trading channels for support (base of channel) and resistance (top of channel)
👉Trading volume to see if selling/buying pressures increase/decrease
👉RSI for overbought/oversold levels
👉I recently added MACD to my charts to lock for any bullish/bearish signals, still getting familiar with it

It’s by no means perfect, and support/resistance levels hold until they don’t, but I think applying it consistently gives you an edge over time.

What would you add to this list?

#Optionselling #OptionsTrading #options #trading #investing #retireearly #financialfreedom #financialindependence #finx #stocks #StockMarket

[Tim | HB7 Trading @Options2Retire]

Inflation’s Slowdown Continued in October https://t.co/4XZPlrs8RJ via @wsj

[Tim | HB7 Trading @Options2Retire]

My current criteria to initiate new cash-secured puts:

👉Delta <= 0.2
👉No earnings release before expiration date
👉Monthly return of ~2% (if it expires worthless)
👉Strike price supported by chart/technical analysis
👉Strike price sits close to the bottom of the expected price move range
👉Stocks/ETFs that I believe in long-term and that I wouldn't mind owning, if assigned
👉I typically trade monthly options but it may vary based on risk/return, earnings dates, volatility

#OptionsTrading #Optionselling #options #FinancialFreedom #FinancialIndependence #retireearly

[Tim | HB7 Trading @Options2Retire]

I have two open $TSLA option trades in my portfolio. A covered call at a strike of $260 and a cash-secured put at $215.

👉I received $600 for selling these two options.

Currently, $TSLA is trading right in the middle and both options are still on track to expire worthless in December.

#optiontrading #Optionselling #options

[Tim | HB7 Trading @Options2Retire]

I came across this quote by Jesse Livermore this morning (a legendary stock trader).

Although he was a day trader, I found it quite applicable to my options trading philosophy as well, e.g., I typically don't trade in anticipation of major data releases such as earnings, FED rates, macro economic data, etc.

Instead of guessing, I rather wait for the data releases and market reactions, then set up trades accordingly.

#Optionselling #OptionsTrading #options #trading #stockmarket

[Tim | HB7 Trading @Options2Retire]

Weekly Options Income from cash-secured puts and covered calls (Nov 20 - Nov 24, 2023):

👉$2,347

Tickers I traded this week: $TSLA $MARA $RIOT $TNA $TQQQ $PLTR $AI

Have a great weekend!

#Optionselling #OptionsTrading #options #FinancialFreedom #Trading #StockMarket

[Tim | HB7 Trading @Options2Retire]

I have exceeded $100,000 in income from selling options in 2023.

Here is the breakdown of the tickers I traded with the respective income.

#OptionsTrading #Optionselling #options #trading #StockMarket #retireearly #FIRE #FinancialFreedom #financialindependence #optiontrading

[Tim | HB7 Trading @Options2Retire]

I sold to open new $MARA cash-secured puts and pocketed a premium of $220:

👉STO 10 $MARA 12/15 $8 puts
👉Delta: -0.14
👉If it expires worthless, a return of 2.8% in 24 days or a 3.5% monthly return

#OptionsTrading #Optionselling #options #Crypto #bitcoin #BTC #cryptotrading

[Tim | HB7 Trading @Options2Retire]

I sold to open new $RIOT cash-secured puts and pocketed a premium of $260:

👉STO 10 $RIOT 12/15 $9 puts
👉Delta: -0.16
👉If it expires worthless, a 3% return in 24 days, or a 3.7% monthly return

#OptionsTrading #Optionselling #options #finx #FinTwitt

[Tim | HB7 Trading @Options2Retire]

I sold to open new $PLTR cash-secured puts and pocketed a premium of $360:

👉STO 10 $PLTR 12/15 $18 puts
👉Delta: -0.20
👉If it expires worthless, a 2% return in 24 days (2.6% monthly return)

#OptionsTrading #Optionselling #options #finx #FinTwitt

[Tim | HB7 Trading @Options2Retire]

I sold to open new $TQQQ cash-secured puts and pocketed a premium of $520:

👉STO 10 $TQQQ 12/08 $40 puts
👉Delta: -0.19
👉If it expires worthless, 1.3% return in 17 days or 2.3% monthly return

#OptionsTrading #Optionselling #options #technologie #nasdaq100 #finx #FinTwitt

[Tim | HB7 Trading @Options2Retire]

I sold to open new $TNA cash-secured puts and pocketed a premium of $430:

👉STO 10 $TNA 12/15 $24.5 puts
👉Delta: -0.17
👉1.8% return or 2.2% monthly return if it expires worthless

#OptionsTrading #Optionselling #options #russell2000 #SmallCaps

[Tim | HB7 Trading @Options2Retire]

I sold to open a new $TSLA cash-secured put and pocketed $277:

👉STO 1 $TSLA 12/8 $215 put
👉Delta: -0.19
👉Monthly return of 2.15% if it expires worthless

#Optionselling #OptionsTrading #Options #TSLA #tesla #cashsecuredput

[Tim | HB7 Trading @Options2Retire]

Last week I was traveling and I traded lightly.

Weekly Options Income from cash-secured puts (CSP) and covered calls (CC) (Nov 13 - Nov 17):

👉$966

Tickers I traded last week: $TSLA $MARA $RIOT $TNA $TQQQ

Have a great week!

#Optionselling #OptionsTrading #options

[Tim | HB7 Trading @Options2Retire]

I sold to open a new $TSLA covered call and pocketed $330:

👉STO 1 $TSLA 12/15 $260 call
👉Delta: 0.21

#Optionselling #OptionsTrading #Options #tesla #TSLA #coveredcall