Options seller & coach. Patent attorney. 12-week Options Portfolio Mastery. Verified $270k+ income (2025). Free fit call ↓
St Petersburg, FL
Joined May 2021
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Most options education teaches buying. Probability of profit ~15%. Theta and volatility are against you.
I sell. POP ~80-90%. Theta and volatility collapse pays me.
2025: $270k+ verified options income (1099 public). ~$1.25M account net liq. That income let me escape the grind of a law firm.
I teach the system in 12-week Options Portfolio Mastery program:
👉 weekly video + live coaching
👉 Guiding you through real trades from week 2 onward
👉 > $20k+ brokerage recommended
Free fit call. I'll tell you if you're a fit.
bttcourse.com/apply
The best portfolio size for selling options is between $500k and $1M.
Once your account gets bigger than that, options buying power is no longer an issue. You can put on as many positions as you’re comfortable with.
Past $1M, profit as a percentage of net liquidity stops being the goal. The goal of selling options is first to pay for your lifestyle (car, mortgage, dinners, etc.), then to add cash to your equities. The return on your time is much higher at this point, so you don’t need to strive for a 4% return, and the risk it takes to earn a 4% return gets harder to justify.
At $2-3M, the equities do the work, and the options make lifestyle spending feel like you’re not eating into your investments.
Options sellers should never go through earnings, unless you are intentionally placing an options trade.
Anyone with short puts on $GOOG $GOOGL IS taking a rough loss tomorrow. With any luck, volatility collapse will save those traders and, hopefully, this price doesn't reflect tomorrow's opening due to low after hours volume.
I'm not a fan of the Wheel. But there's an alternative I recommend to my clients, and the graphic shows how it works.
Why I like it: when a stock moves further than its implied volatility said it should, it rarely stays there. So sell the shares for a large profit, take a small loss on the covered call, and sell an out-of-the-money put. You'll likely be assigned your shares back at a lower cost basis.
$META's September run is a clean example. $TSLA may be in the middle of one right now.
Learn more here: bttcourse.com/apply
How the brain works relative to the stock market:
I feel elated = Market is about to experience a pull back.
I feel defeated = Market has bottomed, relief is on its way.
New $META LEAPS.
Not financial advice. Leaps are risky and should be used sparingly with a small percentage (< 5%) of your portfolio.
However, this is exactly the time I like to buy them. Oversold on the daily B-XTrender and RSI. Just had great quarter. Macro concerns. Just released a wildly popular product as part of their core business.
DM me if you want to learn how to analyze LEAPS.
Stop with this shit.
Lots of propaganda on $META Muse retention rate lately. Let’s look at the facts. 👇
I’m so tired of these YouTube Tesla influencers. It was obvious that a merger was not imminent and them drumming up hype was exhausting. It was all for clicks and views.
$TSLA's earnings this week have me in a bind. I haven't been making my usual covered call income on $TSLA all year because the hype around Cybercab and a potential merger making a 100 point upside move more likely.
If you've been around $TSLA for a while you know that the stock likes to move up quickly based on hype. Sept 2025 $TSLA ran up 33% on hype that Elon bought $1B in shares. Or how about liberation day, when Trump was elected and $TSLA rallied 69% in 6 weeks.
Now we have earnings in 2 days. The expected move over the next 4 days is $24 in magnitude (in either direction). We could be at $385 or $335 by the end of the week depending on inventor sentiment.
This could be the pivotal earnings call for $TSLA, where they talk about how quickly Cybercab is expanding and make grand statements extrapolating that expansion rate to the rest of the United States, and the earnings that implies down the road. That's what's really stopping me from selling covered calls.
There's also a tiny chance that the Tesla board announces a merger with $SPCX, which I think is completely hyped BS. It's a shiny object $TSLA podcasters can pontificate on endlessly to drum up views and clicks. A merger doesn't make any sense to me for so many reasons, including (1) both companies has have P/E ratios, (2) These are not companies in the same industry horizontally or vertically integrating for efficiencies, and (3) a merger would immediately cause additionally scrutiny, e.g., monopoly scrutiny, on both companies from left-leaning politicians like Elizabeth Warren. Elon does not need more political heat. Also, Elon just posted that he would be donating $SPCX shares to kids next year.
Wednesday morning will be the best time to sell covered calls because of the earnings play aspect of it. Volatility will crush. $TSLA investors are known to sell the news, so a sell off feels imminent.
The smart thing to do is to sell covered calls.
A bird in the hand is worth two in the bush.
But I also haven't been patiently holding $TSLA shares for 5 years without a return just for covered call income.
Greg Proctor retweeted
I’ve spent a few days thinking about the Tesla Roadster reveal and landed somewhere I haven’t seen much discussion. I’m neither a Tesla fanboy nor a Tesla hater. And I couldn’t care less whether what we saw technically qualifies as a flying car. Three takeaways: (1) The risk of that live demonstration going horribly wrong was real. Almost no CEO would willingly expose their company to that kind of public humiliation for a product with so little financial upside. Elon did. (2) That willingness to attempt the seemingly impossible is what makes Tesla special. It’s also arguably Elon’s greatest contribution to America. He’s helped bring back something we’ve lost. The American spirit of chasing big scary ideas that most people think are impossible. That mindset is spreading across a new generation of founders and its long term impact on America’s future could dwarf anything Tesla ever sells. I think this is deeply underappreciated. (3) Can we just acknowledge how insanely cool that moment was? We’ve reached a strange place culturally where even extraordinary feats of human ingenuity immediately become arguments about why they don’t count. Not everything needs to be a debate. Sometimes we should just be able to stand back together and marvel at what humans are capable of. I’ve been both bullish and critical of Tesla’s ambitions over the years. But watching Elon and his team push the boundaries of what’s possible reminds me why I’m glad we have him. Whether the Roadster ever makes Tesla a dollar or impacts $TSLA stock price is almost beside the point. We need more people willing to risk failure in pursuit of things the rest of us think are impossible. Because when they succeed we all win.
Even more bullish for $META
I don’t know what to make of this as an options trader. Options prices have baked in a $10 move in either direction. Even if this new car is unworldly, it’s not going to meaningfully affect the bottom line, right?
