I bought MU shares in my PM account with the plan to sell calls against them. A long term position.
Right before the close I bought 200 shares. Then MU went straight up. Tasty allows 24 hr trading so I closed them at about 9 pm.
Easily the best scalp that I have ever done. $36k profit in about 7 hours.
I park funds that aren't working in BOXX in my margin account and in SGOV in my IRA account. Both earn 4-5% and are safe places to park funds. In my margin account, I decided to replace BOXX shares with MU. About 15 minutes before the market close, I bought 200 shares of MU at $1024 and a short Call at the $1100 strike, exp 7/31. I received $10,347 as the premium.
Almost immediately MU shot up fast and in the after market just kept going. Right now, I am up over $32k. Woot, best trade I have ever done.
Today, I noticed the drop in SMH. I would like to own some SMH. In two accounts, I sold 2 puts each in SMH at the $605 strike 38 DTE. Over all 4 puts, I received $15,465 in premiums. I am okay with whatever happens. If I get assigned I get around a $35 discount per share on the stock. If my puts are not assigned, okay, I will keep the $15k.
This week I sold puts. All expire 06/26. TSM x2, AVGO x2, SOXX x2 and MU x1. Total premium received $12,530.
I have enjoying participating here. I will be moving on. For what it may be worth, I will say that the use of mega threads just causes confusion. It was a good ride. Bye.
This may be foreign to you. I trade with TastyTrade. With some tickers, especially ones like TQQQ that are leveraged ETFs with wide Bid Ask spreads, Tasty will often give me fills higher than my limit order.... they call that price improvement.
It happened today, I was working a TSLL trade and slowly moving my limit trade down toward midpoint. When I was filled it was several cents higher than my limit order. Is that something you see with your brokerage?
Here's one. TSLL, limit was 0.05 and filled at 0.12. That was x15 contracts so pretty nice improvement. 7¢ x 15 x 100 is an extra $105.
So far, I have closed 14 positions in 2026. The total profit of those trades is $44,441.
I would be happy to paste in each trade but I don't have a summary that I can post.
I have been following this sub for a while. I have found it interesting to learn about how others trade.
What has surprised me is the focus on cash covered puts. I have an IRA account and a Margin account. In the IRA account, cash covered is required. If they had margin, I would have no ability to add funds to cover. Makes sense.
Many of the remarks I have heard from cash account holders is that margin in dangerous and should be avoided.
Funny, because that's exactly what stock only traders say about options.
The truth is both provide edges over just buying stock. They actually are similar.
In my margin account, I am able to take more risk than if it was a cash/secured account. As with being careful about options the same is true for margin.
In my personal case, with my margin account, I trade more. I calculate the risk of my trades. Currently my capital at risk is 97% of my account's net liquidation value. I know that all of my trades won't go to high loss.
What margin does for me is I park capital that I don't need in BOXX. SGOV and others are just as good. In my account, I have 103% of my accounts net liquidation in BOXX shares. I am careful to not go too deep in margin to incur interest fees. If I had trades that went to zero, that won't happen. I can quickly fund the loss from BOXX shares. Where this differs from a cash account is that my BOXX shares earn 4-5% interest. Compared to a cash account with the cash securing trades earns nothing. There a 4% edge for the account value.
This works with all phases of the wheel. The only concern is monitoring the settled cash balance to be sure it is not negative. If it gets too low, I sell some shares of BOXX. If it gets fat, I buy shares of BOXX.
If that sounds simple, it is because it it. Everyone should do it.
