Another solid week for the wheel strategy.
Week ending June 5:
✅ +1.20% ROC on deployed capital
✅ 27.0% YTD
Closed positions included:
• NVDA $210 Put
• WMT $116 Put
• XOM $145 Put
• ASTS $100 Put
• CSCO $115 Put
• BA $235 Covered Call
While the Nasdaq dropped -4.68% for the week, we continued doing what we always do:
→ Sell premium
→ Manage risk
→ Focus on quality companies
→ Stay assignment-friendly
No chasing.
No YOLO trades.
No guessing market direction.
Just consistent income generation one cycle at a time.
Most traders spent the week worrying about headlines. We spent the week collecting premium.
@KobeissiLetter Retail crushing Wall Street and still leaving money on the table. Buying and holding when they could be selling covered calls on those same positions and collecting premium every week. 15 years. 23% annualized. Verified. 👀
Hedgelong Core Wheel YTD (2026):
📈 +24.2% compounded
vs.
S&P 500: +8.1%
Nasdaq: +12.9%
And lately I’ve actually been trading LIGHTER… not heavier.
Why?
Because disciplined deployment matters more than forcing trades.
Most people think more trades = more profits.
Usually it means:
more mistakes.
Structure > prediction.
Today’s option activity:
TSLA CSP → +$631 premium
INTC CSP → +$594 premium
XOM CSP close → +$425 realized
~$1,650 premium activity today while markets stayed volatile.
This is why I prefer structured premium selling over chasing candles all day.
Most people panic during volatility.
Option sellers get paid more from it.
Most traders are addicted to prediction.
I’d rather collect premium.
Closed NVDA early at 80%+ profit this week.
Opened new CSPs in XOM + UBER.
Layered more covered calls into strength.
~$250k+ current wheel exposure.
22.8% YTD running “boring” option income.
Most people overcomplicate this market.
@DivesTech Agree — massive shoes to fill, especially with AI being the next battleground.
Do you think Apple needs a visionary next… or just someone who can execute at scale?