1% Weekly Returns from Options Week 21
This week I get much more organized in reporting. Also have a question on how to calculate annualized returns. Last weeks post:
https://www.reddit.com/r/thetagang/comments/1uz3nrf/1_weekly_returns_from_options_week_20/
First, the strategy:
- Use a screener to give me a list of top 20 low delta options for next week
- I either
- a. Roll my current options - I do this if I can still get 1% for rolling or if the option is ATM/ITM and I have to roll. I always roll for credit.
- b. Close a current option and pick something else from the list that I like
- I try to do this every Friday. However, if I'm busy on Fridays, I'll sometimes do this on Thursdays.
Screener results for this week from earlier this morning:
| Stock Symbol | Stock Price | Strike Price | Premium (Bid) | Distance OTM % | Return % | Delta | Expiration |
|---|---|---|---|---|---|---|---|
| BE | $210.34 | $120.00 | $1.86 | 42.95% | 1.55% | -0.0508 | 2026-07-31 |
| NBIS | $212.56 | $135.00 | $1.39 | 36.49% | 1.03% | -0.0519 | 2026-07-31 |
| SNDK | $1,545.75 | $1,080.00 | $11.20 | 30.13% | 1.04% | -0.0657 | 2026-07-31 |
| AXTI | $50.96 | $32.00 | $0.40 | 37.21% | 1.25% | -0.0735 | 2026-07-31 |
| SKHY | $162.38 | $120.00 | $1.20 | 26.10% | 1.00% | -0.0726 | 2026-07-31 |
| MU | $955.88 | $750.00 | $7.60 | 21.54% | 1.01% | -0.0873 | 2026-07-31 |
| IREN | $39.39 | $30.00 | $0.34 | 23.84% | 1.13% | -0.0886 | 2026-07-31 |
| LRCX | $317.49 | $247.50 | $2.50 | 22.04% | 1.01% | -0.0929 | 2026-07-31 |
| RDDT | $170.41 | $135.00 | $1.49 | 20.78% | 1.10% | -0.1007 | 2026-07-31 |
| STX | $882.50 | $685.00 | $7.00 | 22.38% | 1.02% | -0.1012 | 2026-07-31 |
| FCEL | $22.41 | $17.00 | $0.20 | 24.14% | 1.18% | -0.1039 | 2026-07-31 |
| GLW | $153.58 | $125.00 | $1.28 | 18.61% | 1.02% | -0.1062 | 2026-07-31 |
| AAOI | $108.45 | $86.00 | $0.95 | 20.70% | 1.10% | -0.1106 | 2026-07-31 |
| WDC | $542.48 | $440.00 | $4.90 | 18.89% | 1.11% | -0.1111 | 2026-07-31 |
| CVNA | $60.30 | $49.00 | $0.54 | 18.74% | 1.10% | -0.1121 | 2026-07-31 |
| OUST | $36.89 | $30.00 | $0.30 | 18.68% | 1.00% | -0.1149 | 2026-07-31 |
| ARM | $279.51 | $225.00 | $2.55 | 19.50% | 1.13% | -0.1210 | 2026-07-31 |
| VRT | $296.95 | $250.00 | $2.53 | 15.81% | 1.01% | -0.1210 | 2026-07-31 |
| LITE | $812.95 | $665.00 | $6.70 | 18.20% | 1.01% | -0.1212 | 2026-07-31 |
| MRVL | $202.53 | $172.50 | $1.97 | 14.83% | 1.14% | -0.1306 | 2026-07-31 |
I stopped doing BE last week after the short attack.
This week's trades:
| Symbol | Action | Net Credit |
|---|---|---|
| IREN | Roll 1 39 put to 1 35 put | $36.06 |
| DRAM | Roll 2 44 puts to 2 44 puts | $93.05 |
| ASTS | Roll 2 63 puts to 2 62 puts | $58.09 |
| AAOI | Roll 1 85 put to 1 79 put | $83.52 |
| NBIS | Roll 2 126 puts to 2 130 puts | $261.03 |
| SKHY | Roll 1 110 put to 1 121 put | $122.52 |
| AXTI | Roll 1 33 put to 1 25 put | $23.52 |
| APLD | Roll 3 31 puts to 3 29.5 puts | $72.16 |
| RKLB | Roll 2 76 puts to 3 73 puts | $400.00 |
This week's total $1,148 on $111,500 invested (111,500 includes the assignment price of my SLV from a few weeks ago).
Weekly Results:
| Week | Capital Invested | Premium Made | Return % | Notes | |
|---|---|---|---|---|---|
| 3/2 | Week 1 | $0.00 | $0.00 | 0.00% | |
| 3/9 | Week 2 | $13,100.00 | $131.00 | 1.00% | |
| 3/16 | Week 3 | $19,850.00 | $203.00 | 1.02% | |
| 3/23 | Week 4 | $41,500.00 | $596.00 | 1.44% | |
| 3/30 | Week 5 | $34,150.00 | $353.00 | 1.03% | |
| 4/6 | Week 6 | $43,350.00 | $462.00 | 1.07% | |
| 4/13 | Week 7 | $53,800.00 | $573.00 | 1.07% | |
| 4/20 | Week 8 | $70,400.00 | $811.00 | 1.15% | |
| 4/27 | Week 9 | $103,450.00 | $1,093.00 | 1.06% | |
| 5/4 | Week 10 | $97,400.00 | $1,040.00 | 1.06% | |
| 5/11 | Week 11 | $102,800.00 | $1,077.00 | 1.05% | |
| 5/18 | Week 12 | $98,600.00 | $1,170.00 | 1.19% | |
| Week 12.5 | $106,100.00 | $475.00 | 0.45% | Bonus round | |
| 5/25 | Week 13 | $106,100.00 | $1,133.00 | 1.07% | |
| Week 13.5 | $115,900.00 | $336.00 | 0.29% | Bonus round | |
| 6/1 | Week 14 | $105,750.00 | $1,053.00 | 1.00% | |
| 6/8 | Week 15 | $110,700.00 | $1,146.00 | 1.04% | |
| 6/15 | Week 16 | $111,850.00 | $1,105.00 | 0.99% | |
| 6/22 | Week 17 | $108,350.00 | $1,045.00 | 0.96% | Got SLV 65.5 assigned |
| 6/29 | Week 18 | $111,550.00 | $1,126.00 | 1.01% | |
| 7/6 | Week 19 | $102,850.00 | $1,111.00 | 1.08% | |
| Week 19 Bonus | $108,550.00 | $98.00 | 0.09% | APLD 1:3 to avoid assignment | |
| 7/13 | Week 20 | $104,350.00 | $842.00 | 0.81% | |
| 7/20 | Week 21 | $111,500.00 | $1,148.00 | 0.81% | RKLB 2:3 to reduce strike |
Total Premium: $18,127
Value of current options: -$5,394
Gain/Loss from Assignments: -$1,225
Total gains: $11,508
This is currently the worst drawdown week and it always looks higher on the day of rolls / sales. It was ~3k yesterday.
Looking for ideas on how to calculate annualized gains.