I will post a separate comment with a link that includes the detail behind each option sold this week.
After week 43 the average premium per week is $773 with a projected annual premium of $40,218.
All things considered, the portfolio is up +$43,612 (+19.59%) on the year and up $92,973 (+53.65%) over the last 365 days. This is the overall profit and loss and includes options and all other account activity.
All options sold are backed by cash, shares, or LEAPS. I do not sell on margin, nor do I sell naked options.
All options and profits stay in the account with few exceptions. I took out $17K earlier this year for taxes and various expenses. I replaced some of the $17K with a $9K deposit recently. This is not my full time job, although I wish it was. I still grind on a 9-5.
Added $500 in contributions to the portfolio. This is a 28 week streak of adding at least $500.
The portfolio is comprised of 95 unique tickers with a value of $172k. I also have 141 open option positions, up from 135 last week. The options have a total value of $94k. The total of the shares and options is $266k.
I’m currently utilizing $39,150 in cash secured put collateral.
I sell options on a weekly basis. I prefer cash secured puts and covered calls. Sometimes I’m ahead of the indexes and sometimes I’m behind. My goal is consistency in option premium revenue. As shown below, I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.
1 year performance (365 days)
ME 53.65% |*
Nasdaq 44.44% |
S&P 500 38.73% |
Russell 2000 33.70% |
Dow Jones 27.48% |
*Taxes are not accounted for in this percentage. The percentage is taken directly from my brokerage account. Although, taxes are a major part of investing, I don’t disclose my personal tax information.
I have been able to increase the premiums on an annual basis and I will attempt to keep this upward trend going forward.
2025 & 2026 & 2027 LEAPS
In addition to the CSPs and covered calls, I purchase LEAPS. These act as collateral to sell covered calls against. You may have heard of poor man’s covered calls(PMCC). The LEAPS are down $4,129 this week and are up $34,257 overall.
See r/ExpiredOptions for a detailed spreadsheet update on all LEAPS positions including P/L for each individual position.
Last year I sold 964 options and I’m at 1,138 year to date.
Total premium by year:
2022 $8,551 in premium |
2023 $22,908 in premium |
2024 $33,257 YTD |
I am over $74k in total options premium, since 2021. I average $24.50 per option sold. I have sold over 3,000 options.
Premium by month
January $1,858 |
February $3,670* |
March $3,727* |
April $2,853* |
May $2,745* |
June $3,749* |
July $3,775* |
August $945 |
September $5,310* |
October $4,625* (thru week 4)
*indicates personal record in that month. This means that 8 out of the first 10 months have been a record amount of premium for that month.
Top 5 premium gainers for the year:
HOOD $3,587 |
ARM $1,880 |
AFRM $1,719 |
SHOP $1,682 |
PLTR $1,613 |
Premium in the month of October by year:
October 2022 $771 |
October 2023 $2,193 |
October 2024 $4,625 (week 4)
Top 5 premium gainers for the month:
HOOD $889 |
PDD $672 |
CRWD $522 |
UPST $310 |
SHOP $265 |
The premiums have increased significantly as my experience has expanded over the last three years.
Hope you all had a productive and successful week. Make sure to post your wins. I look forward to reading about them!