Derek | I Sell Options

I sell options instead of buying them. 200 trades, 92% win rate, $50,813 collected. Every receipt posted. Med device rep by day. My own trades, not advice.

[Derek | I Sell Options @DerekOptions7]

July wheel recap. Best month since I started.

$7,751 in realized premium. 39 positions closed. 38 winners, 1 loser.

The loser was -$620 on some $RIOT puts. Posted it when it happened, counting it here too.

Thread on how the month actually went:

[Derek | I Sell Options @DerekOptions7]

Trades today:

$NBIS 9/11 260C sold at 5.50, +$550.

Same shares that paid $640 last week on the 285C. Sold after earnings ripped, bought back 80% cheaper on the pullback, reloaded at 260 for the next round.

Second call on shares I was paid $1,140 to buy. Wheel keeps turning.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$DRAM 62C closed at 0.30, sold at 1.50 two weeks ago. +$120, 80% captured.

Took a $15 loss closing the old 55C to re-strike 7 bucks higher. That $15 turned into $120 of room.

Sometimes the small L is just the entry fee for the bigger W.

[Derek | I Sell Options @DerekOptions7]

The $NVDA cycle, start to finish:

Sold a 197.50 put Oct 31, assigned. Sold 22 covered calls while holding. Called away at 210.

Premium: +$2,874 net, survived May’s squeeze forcing 2 ugly rolls.
Shares: +$1,250.
Total: +$4,124 on one position. Premium did the lifting.

[Derek | I Sell Options @DerekOptions7]

Wheel log 8/17 to 8/21:

8 closed, 8 wins. +$1,787 realized. $2,552 in new premium sold, $1,400 of it one $ALAB put.

$NVDA finished at 214.76, above my 210 covered call. Shares get called away this weekend, a full wheel cycle 9.5 months in the making. Numbers next post.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$RIOT 23C x2 sold at 0.75, +$150.

The sequence: sold 22Cs Monday at 0.50. Red day knocked them to 0.25, bought back. Bounce today, sold 23s for 0.75.

Buck higher strike, more premium, 2 days apart. This is the whole job honestly. Sell pops, buy dips, repeat.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$CLS 360C closed at 1.20, sold last week at 6.00. +$480, 80% captured.

$NBIS 285C closed at 1.60, sold at 8.00 after earnings. +$640, 80%.

+$1,120 on two buybacks that were resting since Monday. Two red days did the work, the orders just caught it.

[Derek | I Sell Options @DerekOptions7]

Red day. Still got paid.

$DRAM 65C x2 sold yesterday at 2.00, bought back at 1.00. +$200.

$CIFR 21C x2: 0.51 to 0.25. +$52.

$RIOT 22C x2: 0.50 to 0.25. +$50.

Every covered call I sold yesterday closed at 50% today. Shares dipped, calls paid me thru it. One day round trips.

[Derek | I Sell Options @DerekOptions7]

Trades today:

Sold an $ALAB 9/18 280 put at 14.00. +$1,400, biggest single premium yet. Cash secured, 17% below price, happy to own it there.

$DRAM 9/4 65C x2 sold at 2.00, +$400.
$CIFR 21C x2 at 0.51, +$102.
$RIOT 22C x2 at 0.50, +$100.

Put ladder restarts. $2,002 collected.

[Derek | I Sell Options @DerekOptions7]

Short options only in this log. Bought options are a separate system, reported separately.

Every close this week was a resting order. The wheel turned a full cycle on $CRDO and started a new one. That’s the whole game honestly.

Scan drops Sunday.

[Derek | I Sell Options @DerekOptions7]

Wheel log 8/10 to 8/14:

6 closed. 5 wins, 1 loss.
+$1,501 realized. $2,670 in new premium sold.

And a milestone: $CRDO shares got called away today, completing a full wheel cycle start to finish. That round alone paid $4,200. Breakdown below.

[Derek | I Sell Options @DerekOptions7]

$NBIS got its first covered call after earnings. Beat, ripped, sold the 285C at 8.00.

Assigned at 200 after $1,140 in puts. If 285 hits, the round pays $10,440.

The blackout rule kept me uncovered thru the print and it paid for itself in strike room.

[Derek | I Sell Options @DerekOptions7]

Short options only in this log. Bought options are a separate system, reported separately.

Every close this week was a resting order. The wheel turned a full cycle on $CRDO and started a new one.

That’s the whole game honestly.

Scan drops Sunday.

[Derek | I Sell Options @DerekOptions7]

$NBIS got its first covered call after earnings. Beat, ripped, sold the 285C at 8.00.

Assigned at 200 after $1,140 in puts. If 285 hits, the round pays $10,440. The blackout rule kept me uncovered thru the print and it paid for itself in strike room.

[Derek | I Sell Options @DerekOptions7]

Trades today:

$CIFR 20C x2 closed at 0.40, sold Tuesday at 0.80. +$80, 50% in 2 days.

$DRAM 62C sold at 1.50, +$150. Re-struck the lot I freed yesterday, 7 dollars more upside room than the old strike.

Stacking bricks day by day

[Derek | I Sell Options @DerekOptions7]

Trades today:

$NBIS beat and ripped. Sold the 8/28 285C at 8.00 on the pop, +$800. Assigned at 200 after collecting $1,140 in puts. If 285 hits, the round pays $10,440. Waited out the blackout for this.

$CLS 360C sold again at 6.00, 5th cycle.

$HOOD 115C x2 at 0.80, +$160.

[Derek | I Sell Options @DerekOptions7]

$NBIS HUUUUGE