Options Unchained

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Very strong month selling options. I realized $15,072 in March which brings my total to $32,000 in realized profits for the year. I had 1 assignment: $SNOW at $172.5 but cost basis is getting lower. I will have a thread with more details about my March trading soon, stay tuned

Early Options Exercise and Assignments I decided to write a thread about early exercise and assignment of options. Many people talk about getting assigned and what they do after but I have not seen #options traders talking about the intricacies of #assignments. Lets dive in👇

💵 Options selling made me over $27,000 this year while working a full-time job. 💼 Options selling is the best side-hustle there is and it has never been easier to start than now. ❓Do not know how to get started? See a quick-start guide in this thread 👇

Are you looking to watch a movie that is about trading/investing or financial fraud/drama? Here are some suggestions and check out the bonus one at the bottom😜 - Boiler Room - The Wolf of Wall Street - Margin Call - Arbitrage - Wall Street 1&2 - The Big Short - Madoff: The Monster of Wall Street - Dumb Money - Too Big to Fail - The Big Short - Betting on Zero - Assault on Wall Street - Rogue Trader - Capital - Equity - The Outsider - Inside Job - Trader - Baazaar - Enron - Other People’s Money - Gafla - Floored - Trading Places And here is a bonus one that “kinda” resembles a well known personality - - Money Monster

(1/x) Welcome to my account. I hope you find my content informative and learn something new. I add my most important posts to the highlights tab. #optionselling #investing #dividends

I’m very bullish on $TSLA in long-term and I own a lot of shares…but one thing often crosses my mind: What if something happened to Elon? How big of a price drop would we see in short/mid-term? Could the vision continue? This came to my mind again with $SNOW news today.

🚨 Very frequent question I get ❓How much money do I need to start learning how to sell options? 🟢 $5,000 is a good amount 1. It allows opening positions in quality stocks that offer good premiums $PLTR $SOFI $HOOD 2. You can open multiple positions/contracts/expirations at a time and learn managing several positions at the same time 3. Don’t focus on dollar returns yet but focus on your % returns because options selling is very scalable (1.5% to 4% are typical monthly target returns) 4. Once you are comfortable trading tickers mentioned above, the same process works with expensive stocks $AMD $TSLA $GOOGL $ZS $CRWD $GTLB 5. This amount of capital lets you learn both, cash-secured puts and covered calls

List of my favorite dividend-paying stocks. 💳 Visa $V 😷 Abbott $ABT 👗 TJ Maxx $TJX ⛽️ Chevron $CVX 🌭 Costco $COST 🥤 Coca Cola $KO 🛒 Walmart $WMT 🌾 Deere & Co $DE 🚜 Caterpillar $CAT 🛠️ Home Depot $HD ☕️ Starbucks $SBUX 📊 S&P Global $SPGI 🍔 McDonald’s $MCD 🚀 Lockheed Martin $LMT 🗑️ Waste Management $WM Most of them are part of my long-term portfolio and I don’t intend to sell any of them, but plan to add more shares during pullbacks. Do you have any of these in your portfolio? Do you have an argument against owning any of these? Let me know.

Why do I prefer to sell options rather than buy them? #optionselling $TSLA $AMD $NVDA $GOOGL $COIN $MSFT $AAPL $META $PLTR $CAT Options trading is like driving. Selling options is like driving your own car - you control where you're going, navigate the market, and earn steadily. Buying options is riding in someone else's car - you're a passenger, hoping they make the right moves. But if they don't, you will end up off track, losing your premium paid.

💵January Realized Options Income: $7,455 Breakdown by Trade Type 🥇Advanced Options: $4,662 🥈Covered Calls: $1,685 🥉Cash Secured Puts: $1,108 💚Total Portfolio Growth: +1.12% Tickers Traded: $TSLA $BRK.B $PYPL $SOFI $INTC $SMCI $TSM $AI $PLTR $GOOGL $SBUX $AMZN $NFLX $RTX $MS $BAC and more 🚨In upcoming days, I will go over in detail how I trade each type and how I utilize my portfolio to generate additional income.

Look ahead to week 5 of 2024 January income goal progress 💚💚💚💚💚💚💚💚💚💚$6,000 ✅$7,445 realized income in Jan 💵$1,121 of premium in play for 2/2 exp 🤍$TSLA 2 lots to sell CCs on Watchlist $AMD $AMZN $COIN $MARA $PLTR $AI $UPS $ABBV $XOM $CVX $SOFI $PYPL $SQ Plans I exceeded my option selling goal for the month of January. This makes me very happy but there is a lot of work to do to keep the consistency for the rest of 2024. I do not plan on increasing my monthly target yet as all income from options goes back to my long-term portfolio or selling CSPs, and I am not pressured to generate more. I do not want to add additional pressure on generating more and pushing trades just for the sake of making more premium. I will increase my target once I see a little bigger boost in capital that is used regularly to generate income. I will be replacing 1 position in my long-term portfolio with a lot of $TSLA. I will be looking to sell $JNJ shares as I no longer like the company for long-term holding. I currently have both capital gains and premium income from $JNJ so I will deploy another CC on the position, ideally if we get a spike for more premium. My intention here is to get assigned. I also have $QLD $TQQQ positions that I would like to sell and replace with less volatile tech holdings as they served their purpose, both generating big % gains and CC premium. I have a lot of positions expiring on 2/16 so I will see if some of them can be taken care of early. It would nice to get a head start on February as many say, February is historically the second worth month after September for stock market returns. My income management going forward will depend on the movement of Tesla as I am little more weighted there than I would like to be. I am still looking for opportunities to sell CSPs on $COIN $MARA $CELH $U as all except MARA are getting to my area of interest. I will be watching earnings and economic calendar closely as there are many market-moving events. I will also keep a close eye on $SOFI tomorrow morning. We need to see if Amazon, AMD, Google show reports that justify recent gains and I am interested in guidance as well. 🚨I posted analysis for historical post-earnings movements for some of the top tickers for next week so do not forget to check my highlights tab for the thread. Do not forget to follow, as I will be posting trade ideas for earnings next week. 🟢As always, happy to chat about anything investing/trading/personal finance related so feel free to reach out in replies or via DMs. #optionselling #investing #premium

Here is a list of stocks that I am very careful about. I do sell options on them but I am very picky about when I open a trade on them #optionselling $AI $SQ $LYFT $COIN $UBER $BABA $ENPH $ABNB $ROKU $MARA I’m not saying that these are bad companies but rather saying that they can have large price swings not suitable for those with less experience and during market pullbacks, they tend to have big drops.

Some quality stocks are getting overextended, be cautious selling cash-secured puts on them..but don’t get drawn by crappy stocks with high premiums. #optionselling $BB $ZM $NIO $POL $GME $LCID $AMC $RIVN $IDEX $SAVE $EXPR $SPCE $UPST $NKLA $BLNK $SNAP $BYND $SLNH $PTON $CVNA These are some stocks that are on my DO NOT SELL OPTIONS ON list.

Daily Recap: Jan 26 $6,000 January income goal progress 💚💚💚💚💚💚💚💚💚💚$7,445 Realized P/L Today: $1,796 Week: $3,089 Month: $7,445 $TSLA $INTC $PLTR $SOFI $IBM $AXP $V $AMD $AMZN $NVDA $QQQ $SPY #AI #optionselling #premium #income #optionstrade Exit Trades $BAC CC rolled to $32 2/2 for $7 $INTC CC rolled to $42 2/2 for $30 $PYPL CC $65 BTC for $0.02; net profit $46 $TSLA CSP $190 rolled to 2/2 for $235 $NOW spread BTC $0.2; net profit $230 $PLTR expired worthless; net profit $64 $AI expired worthless; net profit $102 $SOFI expired worthless; net profit $69 $BABA spread BTC $300; net loss $166 $TSLA CC $227.5 expired worthless; net profit $298 $TSLA CC $220 expired worthless; net profit $560 $INTC spread expired worthless; net profit $94 $AMZN IC expired worthless; net profit $112 New Trades $CROX credit call spread $102/103 for $45 $SOFI CSP $6 2/2 for $9 (10x) $SOFI CSP $6.5 2/2 for $19 (2x) Commentary: I am happy to close out week 4 with big numbers. Best week of the month and I was able to exceed my monthly goal of $6,000. I am well positioned with CCs and advanced options for February but I will need to identify new and more opportunities for CSPs. I am very cautious as most of the tickers I sell puts on are over-extended in terms of RSI (daily/weekly) and also well above MA 100/200. 🚨4/4 on earnings plays this season, make sure to follow me as I will be adding analysis for next week's earnings over the weekend. I also share these plays on my timeline as soon as I make them $TSM $SCHW $TXN $INTC Hope everyone had an amazing week. Have an awesome weekend. I will be posting "look-ahead to week 5" on Sunday.

Daily Recap: Jan 25 January income goal progress 💚💚💚💚💚💚💚💚💚💛$6000 Realized P/L Today: $443 Week: $1,293 Month: $5,649 $AAPL $TSLA $IBM $INTC $PLTR $V $AMD $SOFI #earnings #optionselling #premium $QQQ $PYPL Exit Trades $DLR BTC spread (3x) for $0.11; net $341 $PG BTC spread for $0.08; net $102 New Trades: Added $SBUX 3 shares; total 60 now Started $ADM position with 20 shares at $51.16 $EW credit spread $65/$70 3/15 for $125 $INTC credit spread $48/$50 1/26 for $94 $LMT roll to debit spread $455/460 3/1 for ($30) Commentary: Tesla with a big drop today, putting question marks around the price going forward in short-term. I might have to sell $JNJ position earlier or get more aggressive with CCs to replace cash that will be tied up with Tesla. This is something I counted on and planned ahead for. Watching $INTC earnings after-market, as well as $V for any info on consumer. I am nearing my January goal of $6,000 income selling options, and we should get that pretty easily tomorrow with many position likely to expire worthless. 🚨 Check out my highlights tab for earnings analysis on Intel and Visa that includes historical price action Hope everyone had an amazing day despite Tesla playing many of us today.

$INTC Credit Call Spread $48/50 for $94 in premium. #optionselling This is an #earnings play during this busy week with $TSLA $V $ASML. $IBM did great but I think Intel already got a lot priced in and they would need to beat big to go higher (which is possible) but I’m leaning bearish with this narrow spread. If I’m wrong, I will likely try to repair this spread after seeing more price action after earnings but I have an open mind to change my sentiment if they come in hot. I got full profit on $TSM $SCHW $TXN earnings, let’s see if this streak can continue. I also linked historical price moves for Intel below. xitter.gq/level_options/status/1…

Daily Recap: Jan 24 January income goal progress 💚💚💚💚💚💚💚💚💛🤍$6,000 Realized P/L Today: $570 Week: $850 Month: $5,206 $TSLA $NFLX $TXN $PLTR $INTC $AI $AMD $NVDA #optionselling #options #investing #premium #income Exit Trades $MS CC rolled $84 2/9 for $12 additional in premium $TTWO BTC spread for $0.16; net $109 $GD BTC spread for $0.08; net $81 $TXN BTC spread for $0.16; net $102 $NFLX BTC spread for $0.06; net $139 (2x) 🚨Sold $AMD holding $179.2/share - 130% gain ✅ New Trades Added 5 $CLX shares $TQQQ CC $65 2/9 for $23 (2x) $QLD CC $90 2/16 for $40 (2x) Commentary: Great day realizing more profits on spreads and adding additional premium to covered calls. All eyes on $TSLA that is down about 3% in AH but we need to wait for the call and open tomorrow. I have a lot more premium on the table for the rest of the week but a good chunk premiums from CCs was rolled due to $MS so that will not be realized till later time. Hope you all had a great trading day. Hit me up with any questions and I am super focused on hitting my goal for January.

I just posted analysis for $INTC $TSLA $V earnings. I like to look at historical price moves after earnings and what happens in post-earnings days. This helps me to make a plan to roll an #earnings trade if necessary. #optionselling #investing #stocks #dividends #stockmarket