The Golden Rule for longevity in options: Consistency over intensity. Your goal isn't to get rich quick, it's to get rich *reliably* with 2-4% monthly returns. Master the boring math, manage your risk, and the market will reward your patience. That's the Wheel way.
Everyone wants the juiciest premium. I prefer the *predictable* drip. Chasing high premiums often means you're selling lottery tickets, not running a steady business. Stability over 'lambo' dreams. That's the boring math of consistent 2-4% returns. 🧵
Master consistent option selling? If you haven't tried my wheel strategy options platform custom built for option sellers, click here and try FREE (No CC required): https://t.co/eccFOQGWKp. Now back to the math.
Major Trades this week:
Rolled NFLX twice, eventually closing it out, no gain/loss. It was an earnings play and didn't go my way. Thought better to close early and free up capital for META CSP.
Meta CSP will be assigned; will have 200 shares of Meta going into earnings, might sell 1 CC if stock recovers early next week
Wheeling AVGO has been great so far. It's one of the earnings-safe stocks right now but has a lot of volatility (and hence premiums) because semis!
Opened slightly ITM AMZN CSP going into earnings. Very aggressive trade but amazing premiums and value at this price
Misc:
All trades were found and tracked using https://t.co/7S82MuwZkt
This is my aggressive wheeling account, capital deployed range 150k-200k. I usually sell 0.25-0.45 delta and usually <20 days DTE except for earnings (that's when I get even more aggressive). I close at 70%+ premium captured.
When I sell puts on a stock like $PLTR, I target a delta around 15-20. This gives me a high probability of success & a strong premium yield. If assigned, I'm buying a quality name at my desired entry price. The wheel keeps turning.
You think selling puts on sky-high IV stocks is smart? I think you're buying lottery tickets for others. My focus isn't 'big premium' but 'consistent premium'. The real money is in the boring, repeatable trades. 🧵
Hard truth #1: Assignment isn't a disaster; it's part of the plan. I never sell a cash-secured put on a stock I'm not happy owning. It's just buying at a discount, then selling covered calls. No panic, just process.
Golden Rule for longevity: Control risk, don't chase returns. Focus on preserving capital first, then consistent small wins. The 'lambos' are for the lucky few. Financial freedom is for the disciplined. That's the real Wheel Way.
If you are into option selling and haven't tried my wheel strategy options platform custom built for option sellers, click here and try FREE (No CC required): https://t.co/eccFOQGWKp. Now back to the math.
When my Put goes against me, I don't panic. If IV is high, I roll for a credit and push out the expiration. If IV is low, I'll take assignment and pivot to selling Covered Calls. Panicking leads to suboptimal decisions. Patience and a plan are your best tools.
My ironclad rule for selling puts: Never go below a 0.20 Delta for income. Why? It balances premium collection with a higher probability of time decay working in my favor. It's conservative, predictable, and delivers those consistent 2-4% monthly returns. #WheelStrategy
Hard truth: Assignment isn't failure. It's the goal of a Cash Secured Put. With a stock like PLTR, I'm happy to buy shares near my put strike, *especially* if I've collected sufficient premium. My Covered Call phase begins, instantly lowering my cost basis. Embrace it. 👇