Login

u/wheelStrategyOptions

Week 3: Collected $4049 on 170k capital in premiums so far. Targeting $5k before May ends.
▲ 26 r/Optionswheel+1 crossposts

Week 3: Collected $4049 on 170k capital in premiums so far. Targeting $5k before May ends.

Trade Activity Summary this week:
Average capital deployed: 150k.
Light trading this week too. Just opened and closed META CSPs, rolled and closed AMZN CSP. And opened an aggressive CC on NFLX.

Here are my quick thoughts on the stocks I'm wheeling:

META

  • Ads business is stronger than ever
  • Ads on the internet have been around forever and don't see it going anywhere. Meta has the best ads platform. Brands have no option but to spend on Meta platforms.
  • The rest is just optionality
    • AR Rayban glasses, AI efforts, Whatsapp and more
    • If these work great, if not, the business model is still very strong

AMZN

  • Probably the most undervalued of the Mag 7, even after the current run-up
  • GLP drugs show their continuous innovation in the healthcare area.
  • Anthropic exposure is helping

On my watchlist:

  • UNH (waiting for IV to come back up post earnings + stock to fall below $350)

Misc:

This is my aggressive wheeling account, capital deployed range 150k-170k. I usually sell 0.25-0.45 delta and <20 days DTE

This is the app.

u/wheelStrategyOptions — 12 hours ago