strikeiq

Systematic protocol for the wheel strategy. VIX-aware constraints. AI-powered strike selection. Smarter options income, backed by data and AI. →

[strikeiq @strikeiq]

Selling cash-secured puts on platform stocks is one of the cleanest strategies in retail options.

Most people run it by hand. Spreadsheet, vibes, a mental note about IV.

I built https://t.co/PhnSfN8BLM to run it systematically. Thread on what it does and why. 🧵

[strikeiq @strikeiq]

$SOFI has been trading at a range for the last 4 months, a perfect set up for the wheel strategy.

The StrikeIQ system has a TA Overview function which uses AI to draw support lines to sell Puts and Calls at so I don't have to do the guess work.

[strikeiq @strikeiq]

Been about a month since last portfolio update, here are the net premiums I’ve collected.

Consistency in the wheel and selling puts on strong stocks, and being ahead of the herd has been my alpha.

A few weeks ago, I advocated moving to solid stocks which have strong fundamentals like $V $MA $META.

Overall close to 10% up so far with little risk.

[strikeiq @strikeiq]

Cut $LITE for a loss only to see it bounce back but taking profits on my $AVGO short puts tonight so all in all, still profitable.

[strikeiq @strikeiq]

Will be selling puts on $AVGO and $LITE, and using the premium to pick up free shares.

Let’s see if these levels hold.

$350 for $AVGO and $700 for $LITE.

[strikeiq @strikeiq]

@dannycheng2022 Time to hold for the rally

[strikeiq @strikeiq]

Looks like there’s a big rotation going from Semis back to the Mag 7 and other stalwarts.

[strikeiq @strikeiq]

@YUNGMAMBA_ You turning bullish when everyone is bearish is a big signal to me.

[strikeiq @strikeiq]

@Mr_Derivatives Agreed. Zuck makes bucks.

Never fade his talent to do so.

[strikeiq @strikeiq]

@KobeissiLetter Everyone likes to hate on Zuck; but I see a ruthless competitor who will do whatever it takes to make more bucks for Meta.

Zuck makes bucks.

[strikeiq @strikeiq]

If you have been following our calls, we have been selling puts on $meta and using the proceeds to buy the underlying.

Managed to pick up some shares and bought more with fresh capital.

Will be interesting to see where this goes for the company, but AI capex overspend without any ROI for Meta is a dead narrative now.

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Meta, $META, is developing a cloud infrastructure business that will sell access to AI compute and aims to compete with Amazon, Microsoft, and Google, per Bloomberg.

Meta shares are surging over +7% on the news.

[strikeiq @strikeiq]

@smdcapital If that happens, I can see the elon premium permanently disappearing

[strikeiq @strikeiq]

@TSLAshareholder @mikepat711 Looks exactly like that SMR guy lollll

[strikeiq @strikeiq]

Going to try this out today.

Every account that tweets out a binary bet which I can test, and fails it 3 times will be muted.

Also, accounts which are overly negative and create a lot of non essential drama with other accounts.

X is just getting too “pumpy” for my liking.

I’m here for alpha and also to share my system and trades in public not for noise.

[strikeiq @strikeiq]

@mikepat711 Tesla cult maxxing rule book number 1. Elon can never be wrong.

[strikeiq @strikeiq]

@KobeissiLetter We’ve seen this play out with $NVDA before. The market needs moments of digestion on the upward journey especially after violent re ratings. What I’m worried about though is valuations on the more speculative plays are stretched now.

[strikeiq @strikeiq]

I rolled down and out $META to $590 exp August 21 last night.

Tiny net credit but I’m still confident the company will be a winner soon or later.

[strikeiq @strikeiq]

@StockSavvyShay $NVDA clearly cementing their lead as the gold standard for the scale up and out AI ramp.

[strikeiq @strikeiq]

@dannycheng2022 Buying strong stocks on support and pullbacks is a winning strategy. Most just don’t have a plan.

[strikeiq @strikeiq]

@TheLongInvest Too many lotto punts and after a while it adds up to massive losses.