Hey thetagang 👋

Wanted to share my update selling CSPs and covered calls over last couple of years. Been lurking here for a while and figured it's time to give back with some real numbers.

The Setup

• Strategy: Wheel (CSP → Assignment → CC → Call Away → Repeat)
• Account size: ~$250K (100k margin) deployed across options collateral + shares
• Tickers: Mostly mega-caps — NVDA, QQQ, SHOP, MSFT, GOOGL, AMZN, AMD, SOFI, RIVN
• Delta target: 0.10–0.20 for CSPs
• DTE: 14–45 days
• Profit take: BTC at 50–65% profit

Results — Monthly Breakdown (1Y)

Month |Net Premium |Notes
Sep '25 |~$1,200 |Just getting started, small positions
Oct '25 |~$2,500 |Scaled up, added NVDA and QQQ
Nov '25 |~$1,500 |Lighter month, post-earnings caution
Dec '25 |~$2,000 |Holiday theta decay was nice
Jan '26 |~$3,500 |Strong start to the year
Feb '26 |~$1,200 |Market pullback, sat on hands mostly
Mar '26 |~$1,500 |Recovered, reopened positions
Apr '26 |~$5,800 |Best month — high IV environment
May '26 |~$3,800 |Consistent, multiple tickers rolling
Jun '26 |~$5,500 |Summer rally, CCs printing
Jul '26 |~$4,000 |ORCL assigned, writing CCs against shares Totals

Metric |Value
Total Premium Collected |$48,380
YTD 2026 |$15,572
Capital Deployed |~$250,000 (don't use full for CSPs and CCs) + 100k margin
All-Time ROC |~16.7%
Annualized ROC |~16.7% (just over 1 year) Lessons Learned

1. Delta 0.10–0.20 is the sweet spot. Lower delta = more cushion. I rarely get assigned, but when I do (looking at you ORCL), I just flip to CCs.
2. BTC early. I used to let contracts expire worthless for max profit. Now I BTC at 50–65% and redeploy. Way better capital efficiency.
3. Don't fight the VIX. When VIX is elevated, premiums are juicy but so is risk. I scale down position sizes in high-VIX environments.
4. Mega-caps only. I stick to high market cap, liquid names. The bid-ask spreads on small-caps will eat your premium alive.

What's Next

• Recently started automating some of the screening process — built a CSP + CC scanner that filters by delta, DTE, premium yield, and liquidity
• Looking at expanding into some more mid-cap names with higher IV
• Goal: $5K/month consistent income

I post my trades here in X:
https://x.com/thetaman_2021s=11&t=mzBHdOthwtEsdIoZf6VnMg

u/thetaman_2021

Disclaimer: I am not a financial advisor, and this post is not financial advice. It is for educational and entertainment purposes only. Options trading—especially selling options—involves a high degree of risk and is not suitable for everyone. Please do your own research (DD) or consult a professional before making any trades.

I just noticed a bulge in one of the tires on my 2023 EN, so it looks like it's time to replace the set. I’m looking to swap to something that offers better ride quality and less road noise for daily driving. I’m completely fine with sacrificing some of the razor-sharp cornering performance to get a more comfortable commute.

A few constraints:
I want to keep the suspension completely stock.
Not looking to do any wheel modifications (sticking with the stock 19s).

Options I’m currently exploring:

Continental ExtremeContact DWS 06 Plus: I've read these are fantastic for comfort and noise reduction.
Michelin Pilot Sport All Season 4 (PSAS4): Seems like a solid middle ground between performance and comfort.
Stock Tires (Michelin Pilot Sport 4S): I could just buy another set of the stocks, but I'm hoping to fix the harsh ride.

Has anyone made the switch to the DWS 06+ or PSAS4 on the stock 19-inch wheels?

How much did the ride quality and road noise actually improve?

Also, if there are any other tires I should be looking at that fit the bill, I’d love to hear your recommendations.

Thanks in advance!