@JasonL_Capital: Selling options changed everyt...

Selling options changed everything for me.

I generate thousands every month in premium income. It's not complicated.

Here's my entire strategy broken down:

Cash-Secured Puts (CSP):

You agree to buy 100 shares at a specific price by a specific date. In exchange, you collect premium upfront.

If the stock stays above your strike, you keep the premium. If it drops below, you buy shares you already wanted at a discount.

Example: Sell $IREN $35 put expiring 4/17

Collateral: $35 x 100 = $3,500
Premium: $1.63 x 100 = $163

That's a 4.7% return on capital in 36 days, or 47% annualized.

Covered Calls (CC):

You own 100 shares and agree to sell them at a specific price by a specific date. You collect premium upfront.

If the stock stays below your strike, you keep shares and premium. If it rises above, you sell at a profit.

Example: Sell $HOOD $90 covered call expiring 4/17

Collateral: 100 shares
Premium collected upfront while you hold a stock you already own.

Days to Expiration (DTE):

My sweet spot is 30 DTE.

Theta decay accelerates hardest in the final 30 days. By entering here, time is working hard in my favor from day one.

I close at 50% profit and redeploy. The annualized math on closing early destroys holding to expiration.

The Wheel Strategy:

This is the full system. It connects everything.

Step 1: Sell cash-secured puts until you get assigned
Step 2: Once assigned, sell covered calls until shares get called away
Step 3: Start over

Every phase generates income. Every outcome is planned before you enter.

Every trade I enter has three possible outcomes:

1. Stock stays above my strike - I keep the premium
2. Stock drops but I still like it - I roll down and out, collect more premium
3. I get assigned - I buy shares I wanted at a discount and start selling covered calls

No outcome is a surprise.

My rules:

1. Only sell on stocks I'd happily own for years
2. Target ~0.20 delta (~80% probability of keeping premium)
3. 30 DTE sweet spot
4. Close at 50% profit
5. Check IV environment first - high IV = sell premium, low IV = buy LEAPs
6. Liquidity is non-negotiable - tight spreads or I move on
7. Always have an exit plan before entering

Some of my favorite names to sell options on right now:

$IREN
$HOOD
$ONDS
$RKLB
$SOFI
$SOFI
$ZETA

I share every options trade I make in real time. Every cash-secured put, covered call, and LEAP. The full thought process behind each one.

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