1% Weekly Returns from Options Week 21
I've been posting for the last 20 weeks straight about using CSPs to achieve 1% weekly returns from selling options on about $100,000 in cash. As usual, I will post my trades in the comments as I make them. The thing I haven't mentioned before is that cash invested in CSPs also earns interest but I don't count that in my returns. Last week's post: https://www.reddit.com/r/TheRaceTo10Million/s/nTNFbbESo7
Strategy:
- Use an AI 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.
AI Prompt:
I give this prompt to brokerbotics AI:
find me 20 unique lowest risk puts to sell on stocks
expiry: next week
strike at least 8% from stock price
return at least 1%
sort by delta
furthest away from stock price
minimum strike price 10
Prompt Results:
Previous Week 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% |
Total premiums collected: $16,979
As of yesterdays close
Negative value of options: -2354
Gains/Losses from Assignment: -1310
Net Gains: $13,315
I'm looking for ideas on how to calculate my annualized return. Comment if you have a formula.