u/ThetaHedge

Trades I took today as a systematic option seller (05/20) with reasons

Trades I took today as a systematic option seller (05/20):

Closed Position

  • CRDO → $155 Put (opened on 05/18), premium 5.20  closed at 0.80. Net premium profit = 4.40 (~85% of premium captured, ~2.8% of capital). Quick profitable trade held for just 2 days. Stock respected $155 support.

New Positions

Puts:

  • CRDO → $165 Put, expiry 06/05 (3 weeks DTE), premium 10.70 → 1070/16500 = ~6.5%. Earnings on 1st June. Higher risk to reward. Big breakout over $163 levels today. Should hold $165.

Calls:

  • CRWV → $120 Call, expiry 06/05 (3 weeks DTE), premium 1.50 → 150/12000 = ~1.25%. Got assigned at $120.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 1 day ago

Trades I took today as a systematic option seller (05/20) with reasons

Trades I took today as a systematic option seller (05/20):

Closed Position

  • CRDO → $155 Put (opened on 05/18), premium 5.20  closed at 0.80. Net premium profit = 4.40 (~85% of premium captured, ~2.8% of capital). Quick profitable trade held for just 2 days. Stock respected $155 support.

New Positions

Puts:

  • CRDO → $165 Put, expiry 06/05 (3 weeks DTE), premium 10.70 → 1070/16500 = ~6.5%. Earnings on 1st June. Higher risk to reward. Big breakout over $163 levels today. Should hold $165.

Calls:

  • CRWV → $120 Call, expiry 06/05 (3 weeks DTE), premium 1.50 → 150/12000 = ~1.25%. Got assigned at $120.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 1 day ago

Trades I took today as a systematic option seller (05/20) with reasons

Trades I took today as a systematic option seller (05/20):

Closed Position

  • CRDO → $155 Put (opened on 05/18), premium 5.20  closed at 0.80. Net premium profit = 4.40 (~85% of premium captured, ~2.8% of capital). Quick profitable trade held for just 2 days. Stock respected $155 support.

New Positions

Puts:

  • CRDO → $165 Put, expiry 06/05 (3 weeks DTE), premium 10.70 → 1070/16500 = ~6.5%. Earnings on 1st June. Higher risk to reward. Big breakout over $163 levels today. Should hold $165.

Calls:

  • CRWV → $120 Call, expiry 06/05 (3 weeks DTE), premium 1.50 → 150/12000 = ~1.25%. Got assigned at $120.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 1 day ago

Trades I took today as a systematic option seller (05/20) with reasons

Trades I took today as a systematic option seller (05/20):

Closed Position

  • CRDO → $155 Put (opened on 05/18), premium 5.20  closed at 0.80. Net premium profit = 4.40 (~85% of premium captured, ~2.8% of capital). Quick profitable trade held for just 2 days. Stock respected $155 support.

New Positions

Puts:

  • CRDO → $165 Put, expiry 06/05 (3 weeks DTE), premium 10.70 → 1070/16500 = ~6.5%. Earnings on 1st June. Higher risk to reward. Big breakout over $163 levels today. Should hold $165.

Calls:

  • CRWV → $120 Call, expiry 06/05 (3 weeks DTE), premium 1.50 → 150/12000 = ~1.25%. Got assigned at $120.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/.

Simplest way to get started is by using Conditions → Large Caps with Strong Premiums → Then identify the best ticker based on risk/return.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 1 day ago

Trades I took today as a systematic option seller (05/20) with reasons

Trades I took today as a systematic option seller (05/20):

Closed Position

  • CRDO → $155 Put (opened on 05/18), premium 5.20  closed at 0.80. Net premium profit = 4.40 (~85% of premium captured, ~2.8% of capital). Quick profitable trade held for just 2 days. Stock respected $155 support.

New Positions

Puts:

  • CRDO → $165 Put, expiry 06/05 (3 weeks DTE), premium 10.70 → 1070/16500 = ~6.5%. Earnings on 1st June. Higher risk to reward. Big breakout over $163 levels today. Should hold $165.

Calls:

  • CRWV → $120 Call, expiry 06/05 (3 weeks DTE), premium 1.50 → 150/12000 = ~1.25%. Got assigned at $120.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/.

Simplest way to get started is by using Conditions → Large Caps with Strong Premiums → Then identify the best ticker based on risk/return.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 1 day ago
▲ 20 r/CashSecuredPuts+2 crossposts

Free Options Heatmap for Comparing Premium Yields Across Expiries

Hi All,

I've been selling options for a while, and one thing I always found annoying was comparing contracts across expiries. I would end up manually calculating premium yields to figure out which contract was actually providing the best return.

So I built an options heatmap that calculates yield % across all strikes and expiries in one view, making it easier to quickly identify where selling may make the most sense without manually doing the math. It also clearly highlights earnings weeks, since elevated premiums can sometimes reflect higher event risk rather than better opportunities.

The heatmap has 3 modes:

• Premium: quickly identify highest-returning contracts
• Assignment Risk Indicator (ARI): estimates assignment risk by considering remaining extrinsic premium and time to expiry
• Delta: traditional probability view of the contract finishing ITM

Clicking on any contract opens additional details including premium metrics and Greeks. The heatmap updates every 5 minutes and is completely free to use. Would love feedback and ideas on improving it.

App Link: app.thetahedge.io

u/ThetaHedge — 2 days ago

Trades I took today as a systematic option seller (05/18) with reasons

Trades I took today as a systematic option seller (05/18):

Assigned Positions from Last Week Expiry

  • CLSK → $13.5 Put
  • FSLY → $19 Put
  • CRWV → $120 Put
  • ISSC → $20 Put

I usually hold and open CCs when the underlying ticker price is within 20% of my assigned price.

New Positions

Puts:

  • OUST → $30 Put, expiry 05/22 (1 week DTE), premium 1.40 → 140/3000 = ~4.6%. I already had existing positions in this contract. Increased my holdings. Stock has support at $30.
  • CRDO → $155 Put, expiry 05/22 (1 week DTE), premium 5.20 → 520/15500 = ~3.3%. Stock has support at $140 to $155 levels.
  • IREN → $49.5 Put, expiry 05/22 (1 week DTE), premium 1.95 → 195/4950 = ~3.9%. I already had existing positions in this contract. Increased my holdings.
  • FLNC → $19 Put, expiry 06/18 (5 weeks DTE), premium 1.75 → 175/1900 = ~9.2%. FLNC is energy play backed by strong investors like Siemens. It is also a strong wheeling stock.

Calls:

  • CLSK → $13.5 Call, expiry 05/22 (1 week DTE), premium 0.75 → 75/1350 = ~5.56%. 
  • FSLY → $19 Call, expiry 06/05 (3 weeks DTE), premium 0.45 → 45/1900 = ~2.37%. 
  • ISSC → $20 Call, expiry 06/18 (5 weeks DTE), premium 0.55 → 55/2000 = ~2.75%.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 3 days ago

Trades I took today as a systematic option seller (05/18) with reasons

Trades I took today as a systematic option seller (05/18):

Assigned Positions from Last Week Expiry

  • CLSK → $13.5 Put
  • FSLY → $19 Put
  • CRWV → $120 Put
  • ISSC → $20 Put

I usually hold and open CCs when the underlying ticker price is within 20% of my assigned price.

New Positions

Puts:

  • OUST → $30 Put, expiry 05/22 (1 week DTE), premium 1.40 → 140/3000 = ~4.6%. I already had existing positions in this contract. Increased my holdings. Stock has support at $30.
  • CRDO → $155 Put, expiry 05/22 (1 week DTE), premium 5.20 → 520/15500 = ~3.3%. Stock has support at $140 to $155 levels.
  • IREN → $49.5 Put, expiry 05/22 (1 week DTE), premium 1.95 → 195/4950 = ~3.9%. I already had existing positions in this contract. Increased my holdings.
  • FLNC → $19 Put, expiry 06/18 (5 weeks DTE), premium 1.75 → 175/1900 = ~9.2%. FLNC is energy play backed by strong investors like Siemens. It is also a strong wheeling stock.

Calls:

  • CLSK → $13.5 Call, expiry 05/22 (1 week DTE), premium 0.75 → 75/1350 = ~5.56%. 
  • FSLY → $19 Call, expiry 06/05 (3 weeks DTE), premium 0.45 → 45/1900 = ~2.37%. 
  • ISSC → $20 Call, expiry 06/18 (5 weeks DTE), premium 0.55 → 55/2000 = ~2.75%.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 3 days ago

Trades I took today as a systematic option seller (05/18) with reasons

Trades I took today as a systematic option seller (05/18):

Assigned Positions from Last Week Expiry

  • CLSK → $13.5 Put
  • FSLY → $19 Put
  • CRWV → $120 Put
  • ISSC → $20 Put

I usually hold and open CCs when the underlying ticker price is within 20% of my assigned price.

New Positions

Puts:

  • OUST → $30 Put, expiry 05/22 (1 week DTE), premium 1.40 → 140/3000 = ~4.6%. I already had existing positions in this contract. Increased my holdings. Stock has support at $30.
  • CRDO → $155 Put, expiry 05/22 (1 week DTE), premium 5.20 → 520/15500 = ~3.3%. Stock has support at $140 to $155 levels.
  • IREN → $49.5 Put, expiry 05/22 (1 week DTE), premium 1.95 → 195/4950 = ~3.9%. I already had existing positions in this contract. Increased my holdings.
  • FLNC → $19 Put, expiry 06/18 (5 weeks DTE), premium 1.75 → 175/1900 = ~9.2%. FLNC is energy play backed by strong investors like Siemens. It is also a strong wheeling stock.

Calls:

  • CLSK → $13.5 Call, expiry 05/22 (1 week DTE), premium 0.75 → 75/1350 = ~5.56%. 
  • FSLY → $19 Call, expiry 06/05 (3 weeks DTE), premium 0.45 → 45/1900 = ~2.37%. 
  • ISSC → $20 Call, expiry 06/18 (5 weeks DTE), premium 0.55 → 55/2000 = ~2.75%.

I use the ThetaHedge app to identify all my trades. You can try it for free at https://app.thetahedge.io/

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 3 days ago

My full workflow for selling options

Hi All,

Wanted to show my dashboard and how it has made it easy for me to sell options. The dashboard tracks 1800+ stocks for volatility and returns, updating every 5 minutes. It has pre-built conditions to filter out junk and noisy tickers and get a clean universe of optionable names. The idea was that I no longer am restricted to tickers I already know or ones I see on Reddit or Twitter. This makes my ticker finding as a system and I can find higher paying tickers, keeping my risk apetite the same.

Clicking on any symbol opens a detailed view which has everything needed to make a decision - fundamentals, volatility, options data, and premiums all in one place. No need to jump between multiple sites like Yahoo Finance, TradingView, or MarketChameleon.

There are also a few things I found useful while trading. For example, a 3-month premium yield trend that tracks call and put returns over time to spot spikes, which are often driven by news or short-term events. Along with that, a Wheel Rank score which ranks tickers based on historical returns while penalizing imbalance between call and put premiums, so the wheel does not break if you get assigned.

Then you can move to the chart to see if the trade even makes sense from a pricing standpoint before entering.

From there, I move to the options heatmap. Instead of manually comparing across expiries, in the heatmap the yields is already computed across expiries so I can directly see where the best premiums are. Clicking on a contract further opens up all the details like yield, total premium, premium per day, extrinsic premium, and extrinsic per day, along with ARI and the Greeks.

The heatmap has three views:

  • Assignment Risk Indicator (ARI), which helps avoid rolling too early. It factors in extrinsic premium and time to expiry to estimate actual risk. ARI will be low when there is sufficient time till expiry and enough extrinsic left to earn premium, even if Delta is higher.
  • Delta view, for a more traditional probability-based perspective.
  • Premium view, to quickly see where the highest returns are.

The entire dahsboard updates every 5 mins so it is near realtime. The goal was to simplify three main questions sellers usually have:

  1. What should I sell?
  2. Is what I am selling a quality/wheelable ticker?
  3. Is the contract which I am selling yielding the best return with respect to risk?
  4. Is my position safe or gone risky? Should I roll?

Would be great to get feedback from others here and see how I can improve.

App link: app.thetahedge.io

u/ThetaHedge — 5 days ago

My full workflow for selling options

Hi All,

Wanted to show my dashboard and how it has made it easy for me to sell options. The dashboard tracks 1800+ stocks for volatility and returns, updating every 5 minutes. It has pre-built conditions to filter out junk and noisy tickers and get a clean universe of optionable names. The idea was that I no longer am restricted to tickers I already know or ones I see on Reddit or Twitter. This makes my ticker finding as a system and I can find higher paying tickers, keeping my risk apetite the same.

Clicking on any symbol opens a detailed view which has everything needed to make a decision - fundamentals, volatility, options data, and premiums all in one place. No need to jump between multiple sites like Yahoo Finance, TradingView, or MarketChameleon.

There are also a few things I found useful while trading. For example, a 3-month premium yield trend that tracks call and put returns over time to spot spikes, which are often driven by news or short-term events. Along with that, a Wheel Rank score which ranks tickers based on historical returns while penalizing imbalance between call and put premiums, so the wheel does not break if you get assigned.

Then you can move to the chart to see if the trade even makes sense from a pricing standpoint before entering.

From there, I move to the options heatmap. Instead of manually comparing across expiries, in the heatmap the yields is already computed across expiries so I can directly see where the best premiums are. Clicking on a contract further opens up all the details like yield, total premium, premium per day, extrinsic premium, and extrinsic per day, along with ARI and the Greeks.

The heatmap has three views:

  • Assignment Risk Indicator (ARI), which helps avoid rolling too early. It factors in extrinsic premium and time to expiry to estimate actual risk. ARI will be low when there is sufficient time till expiry and enough extrinsic left to earn premium, even if Delta is higher.
  • Delta view, for a more traditional probability-based perspective.
  • Premium view, to quickly see where the highest returns are.

The entire dahsboard updates every 5 mins so it is near realtime. The goal was to simplify three main questions sellers usually have:

  1. What should I sell?
  2. Is what I am selling a quality/wheelable ticker?
  3. Is the contract which I am selling yielding the best return with respect to risk?
  4. Is my position safe or gone risky? Should I roll?

Would be great to get feedback from others here and see how I can improve.

App link: app.thetahedge.io

u/ThetaHedge — 5 days ago

Trades I took today as a systematic option seller (05/14) with reasons

Trades I took today as a systematic option seller (05/14):

Closed Position

  • OUST → $26 Put (opened on 05/06), premium 1.40  closed at 0.20. Net premium profit = 1.20 (~86% of premium captured, ~4.6% of capital).

New Positions

  • OUST → $30 Put, expiry 05/22 (1 week DTE), premium 0.70 → 70/3000 = ~2.3%. I continue my bullish stance on OUST and redeploy the capital. Stock seems bullish post the newly signed NVIDIA contract and strong breakout over $30.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 7 days ago

Trades I took today as a systematic option seller (05/14) with reasons

Trades I took today as a systematic option seller (05/14):

Closed Position

  • OUST → $26 Put (opened on 05/06), premium 1.40  closed at 0.20. Net premium profit = 1.20 (~86% of premium captured, ~4.6% of capital).

New Positions

  • OUST → $30 Put, expiry 05/22 (1 week DTE), premium 0.70 → 70/3000 = ~2.3%. I continue my bullish stance on OUST and redeploy the capital. Stock seems bullish post the newly signed NVIDIA contract and strong breakout over $30.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 7 days ago

Trades I took today as a systematic option seller (05/13) with reasons

Trades I took today as a systematic option seller (05/13):

Closed Position

  • SEI → $70 Put (opened on 05/04), premium 3.20  closed at 0.60. Net premium profit = 2.60 (~81% of premium captured, ~3.7% of capital).

New Positions

  • SEI → $72.5 Put, expiry 06/18 (6 weeks DTE), premium 5.60 → 560/7250 = ~7.7%. I continue my bullish stance on SEI and redeploy the capital. Seems to be closing in on a breakout with support at $72 levels.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 8 days ago

Trades I took today as a systematic option seller (05/13) with reasons

Trades I took today as a systematic option seller (05/13):

Closed Position

  • SEI → $70 Put (opened on 05/04), premium 3.20  closed at 0.60. Net premium profit = 2.60 (~81% of premium captured, ~3.7% of capital).

New Positions

  • SEI → $72.5 Put, expiry 06/18 (6 weeks DTE), premium 5.60 → 560/7250 = ~7.7%. I continue my bullish stance on SEI and redeploy the capital. Seems to be closing in on a breakout with support at $72 levels.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

reddit.com
u/ThetaHedge — 8 days ago

Trades I took today as a systematic option seller (05/13) with reasons

Trades I took today as a systematic option seller (05/13):

Closed Position

  • SEI → $70 Put (opened on 05/04), premium 3.20  closed at 0.60. Net premium profit = 2.60 (~81% of premium captured, ~3.7% of capital).

New Positions

  • SEI → $72.5 Put, expiry 06/18 (6 weeks DTE), premium 5.60 → 560/7250 = ~7.7%. I continue my bullish stance on SEI and redeploy the capital. Seems to be closing in on a breakout with support at $72 levels.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 8 days ago

Trades I took today as a systematic option seller (05/12) with reasons

Trades I took today as a systematic option seller (05/12):

Closed Position

  • AAOI → $157.5 Put (opened on 05/08), premium 7.50  closed at 1.20. Net premium profit = 6.30 (~84% of premium captured, ~4% of capital).

New Positions

  • AAOI → $165 Put, expiry 05/22 (2 weeks DTE), premium 7.50 → 750/16500 = ~4.5%. AAOI climbed and then fell today.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 9 days ago

Trades I took today as a systematic option seller (05/12) with reasons

Trades I took today as a systematic option seller (05/12):

Closed Position

  • AAOI → $157.5 Put (opened on 05/08), premium 7.50  closed at 1.20. Net premium profit = 6.30 (~84% of premium captured, ~4% of capital).

New Positions

  • AAOI → $165 Put, expiry 05/22 (2 weeks DTE), premium 7.50 → 750/16500 = ~4.5%. AAOI climbed and then fell today.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 9 days ago

Trades I took today as a systematic option seller (05/12) with reasons

Trades I took today as a systematic option seller (05/12):

Closed Position

  • AAOI → $157.5 Put (opened on 05/08), premium 7.50  closed at 1.20. Net premium profit = 6.30 (~84% of premium captured, ~4% of capital).

New Positions

  • AAOI → $165 Put, expiry 05/22 (2 weeks DTE), premium 7.50 → 750/16500 = ~4.5%. AAOI climbed and then fell today.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 9 days ago

Trades I took today as a systematic option seller (05/11) with reasons

Trades I took today as a systematic option seller (05/11):

Closed Position

  • AMSC → $47 Put (opened on 05/04), premium 2.10  closed at 0.35. Net premium profit = 1.75 (~83% of premium captured, ~3.7% of capital).
  • CRDO → $180 Put (opened on 05/05), premium 7.80  closed at 1.60. Net premium profit = 6.20 (~80% of premium captured, ~3.4% of capital).

New Positions

  • IREN → $49.5 Put, expiry 05/22 (2 weeks DTE), premium 2.15 → 215/4950 = ~4.3%. IREN was down in the morning hours and recovered. It had sub-par results. There is support at $53 so keeping some buffer and opening contract at $49.5.
  • AMSC → $48 Put, expiry 06/18 (6 weeks DTE), premium 3.60 → 360/4800 = ~7.5%. I continue my bullish stance on AMSC. Closed the $47 contract and moved it to $48 with next month expiry.
  • FORM → $130 Put, expiry 06/18 (6 weeks DTE), premium 11.50 → 1150/13000 = ~8.8%. Makes testing equipments to test semiconductor chips. Support at $130.

I pin my day to day trades in my acocunt in case you need information on the specific contracts. Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?

PS: Not financial advice. Do your own research!

reddit.com
u/ThetaHedge — 10 days ago