1% Weekly Returns from Options Week 31
This week was overall not that great as I got a LQDA 58 put assigned. The normal rule of the strategy is to sell calls at assignment price but the LQDA lawsuit news can't be ignored. So, instead of immediately selling and taking a loss, I sold next week's 30 call. As usual, will post trades as I make them. Today's a busy day. So will come in a trickle. Returns are still excellent in spite of the assignment.
Returns so far
| Returns so far | $27,253.00 |
|---|---|
| Current drawdown | -$184.00 |
| Gain/Loss from Assignment | -$3,994.00 |
| Total gains | $23,075.00 |
| Annualized (Calc1 using average invested) | 50.10% |
| Annualized (Calc2 using max invested) | 35.36% |
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.
- If I get assigned, I will sell calls at assignment price (unless news causes me to exit)
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
A lot of people have asked me about why I don't add a criteria to avoid earnings weeks. Like I sold an HPE put across earnings last week. That's because on earnings weeks the same delta strikes are much further OTM.
Results
| Underlying | Stock Price | Strike Price | Bid / Ask | Return % | Distance OTM % | Delta | IV | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|
| APLD | $26.66 | $22.00 | $0.27 / $0.32 | 1.23% | 17.48% | -0.117 | 126.6% | 738 | 225 |
| LQDA | $27.71 | $23.00 | $0.25 / $0.55 | 1.09% | 17.00% | -0.138 | 136.0% | 13 | 10 |
| CIFR | $16.33 | $14.50 | $0.15 / $0.21 | 1.03% | 11.21% | -0.157 | 91.5% | 1,074 | 196 |
| FSLY | $26.98 | $24.00 | $0.25 / $0.35 | 1.04% | 11.05% | -0.159 | 90.8% | 69 | 2 |
| MRNA | $188.42 | $170.00 | $1.75 / $1.98 | 1.03% | 9.78% | -0.161 | 80.1% | 878 | 210 |
| AAOI | $113.73 | $102.00 | $1.05 / $1.50 | 1.03% | 10.31% | -0.166 | 86.8% | 144 | 20 |
| AXTI | $83.85 | $73.00 | $0.85 / $1.75 | 1.16% | 12.94% | -0.169 | 114.7% | 46 | 1 |
| IREN | $43.76 | $40.00 | $0.41 / $0.44 | 1.03% | 8.59% | -0.170 | 72.5% | 3,180 | 338 |
| HUT | $91.44 | $82.00 | $0.85 / $1.60 | 1.04% | 10.32% | -0.180 | 93.0% | 186 | 128 |
| CRDO | $228.33 | $207.50 | $2.20 / $3.10 | 1.06% | 9.12% | -0.180 | 81.2% | 141 | 19 |
| MARA | $12.10 | $11.00 | $0.13 / $0.15 | 1.18% | 9.09% | -0.181 | 80.9% | 2,177 | 535 |
| RIOT | $20.71 | $19.00 | $0.21 / $0.28 | 1.11% | 8.26% | -0.190 | 76.0% | 631 | 70 |
| ALAB | $361.37 | $330.00 | $4.00 / $5.50 | 1.21% | 8.68% | -0.196 | 82.7% | 180 | 14 |
| NVTS | $13.15 | $12.00 | $0.14 / $0.25 | 1.17% | 8.75% | -0.203 | 86.6% | 284 | 38 |
Historical Performance:
| Week | Capital Invested | Premium Made | Return % | Notes | |
|---|---|---|---|---|---|
| 3/6 | Week 1 | $0.00 | $0.00 | 0.00% | |
| 3/13 | Week 2 | $13,100.00 | $131.00 | 1.00% | |
| 3/20 | Week 3 | $19,850.00 | $203.00 | 1.02% | |
| 3/27 | Week 4 | $41,500.00 | $596.00 | 1.44% | |
| 4/3 | Week 5 | $34,150.00 | $353.00 | 1.03% | |
| 4/10 | Week 6 | $43,350.00 | $462.00 | 1.07% | |
| 4/17 | Week 7 | $53,800.00 | $573.00 | 1.07% | |
| 4/24 | Week 8 | $70,400.00 | $811.00 | 1.15% | |
| 5/1 | Week 9 | $103,450.00 | $1,093.00 | 1.06% | |
| 5/8 | Week 10 | $97,400.00 | $1,040.00 | 1.07% | |
| 5/15 | Week 11 | $102,800.00 | $1,077.00 | 1.05% | |
| 5/22 | Week 12 | $98,600.00 | $1,170.00 | 1.19% | |
| Week 12.5 | $106,100.00 | $475.00 | 0.45% | Bonus round | |
| 5/29 | Week 13 | $106,100.00 | $1,133.00 | 1.07% | |
| Week 13.5 | $115,900.00 | $336.00 | 0.29% | Bonus round | |
| 6/5 | Week 14 | $105,750.00 | $1,053.00 | 1.00% | |
| 6/12 | Week 15 | $110,700.00 | $1,146.00 | 1.04% | |
| 6/19 | Week 16 | $111,850.00 | $1,105.00 | 0.99% | |
| 6/26 | Week 17 | $108,350.00 | $1,045.00 | 0.96% | Got SLV 65.5 assigned |
| 7/3 | Week 18 | $111,550.00 | $1,126.00 | 1.01% | |
| 7/10 | 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 | |
| 7/17 | Week 20 | $104,350.00 | $842.00 | 0.81% | |
| 7/24 | Week 21 | $111,500.00 | $1,148.00 | 1.03% | RKLB 2:3 to reduce strike |
| 7/31 | Week 22 | $105,660.00 | $1,021.00 | 0.97% | |
| Week 22 bonus | $99,960.00 | $7.00 | 0.01% | ASTS 2:1 to reduce exposure | |
| 8/7 | Week 23 | $104,850.00 | $1,052.00 | 1.00% | |
| 8/14 | Week 24 | $95,850.00 | $954.00 | 1.00% | |
| 8/21 | Week 25 | $99,300.00 | $997.00 | 1.00% | RKLB 2:3 and NBIS 1:2 |
| 8/28 | Week 26 | $102,500.00 | $978.00 | 0.95% | |
| 9/4 | Week 27 | $104,800.00 | $897.00 | 0.86% | |
| 9/11 | Week 28 | $102,700.00 | $1,017.00 | 0.99% | |
| 9/18 | Week 29 | $101,150.00 | $1,110.00 | 1.10% | |
| 9/25 | Week 30 | $107,700.00 | $1,093.00 | 1.01% | LQDA 58 assigned |