$SPY 20260108 688.0 PUT$ The SPY recently hit an all-time high only to be met by a massive midday reversal, leaving behind a nasty shooting star on the daily. The QQQ looked even weaker, showing a more pronounced bearish candle that signaled trouble ahead. Last night’s session finally provided the confirmation we were looking for, locking in the shift toward a downward trend. My SPY put narrowly escaped assignment by expiring just out of the money, which is a massive relief given the current setup. While I’m focused on selling 0DTE puts for the wheel, I have no interest in being assigned at these levels. Getting stuck with shares at an all-time high right before a correction makes selling covered calls a miserable grind, s
$Palantir Technologies Inc.(PLTR)$ PLTR is starting to run back up again after briefly finding support at the 168 level recently. The rebound over the last two sessions seems fueled by a fresh wave of positive sentiment, specifically regarding social media speculation and national security headlines linking Palantir’s tools to recent U.S. operations in Venezuela. This geopolitical tailwind, combined with Truist initiating coverage with a "Buy" rating and labeling the stock a top-tier AI asset, has provided the momentum needed to bounce off that support. I am also looking out for a possible resistance level at 195, which looks to be a double top back in mid-November and December. While the current rally is enco
$APP 20260116 630.0 PUT$ Sharing for coins. This Short Put was rolled from last week when the put strike was breached from the sudden down turn of APP. Now that the share has reversed back up higher last night, the put is in a more positive position, however this contract still has a week to go, anything can happen in a week, plan to roll it again both down and out if the bearishness persists. 🤞
$SPDR S&P 500 ETF Trust(SPY)$ This lot of SPY has officially been called away, closing out this SPY wheel cycle with a solid profit on the underlying alone in a week. When you factor in the multiple $50 premiums collected from both the initial puts and the series of calls thru )DTE over the last weeks, the total return for a one-week hold is excellent. With the capital now freed up and the profit locked in, I’ll be looking to start a fresh wheel as soon as the next trading day begins.
$SPDR S&P 500 ETF Trust(SPY)$ This lot of SPY has officially been called away, closing out this SPY wheel cycle with a solid profit on the underlying alone in a week. When you factor in the multiple $50 premiums collected from both the initial puts and the series of calls thru )DTE over the last weeks, the total return for a one-week hold is excellent. With the capital now freed up and the profit locked in, I’ll be looking to start a fresh wheel as soon as the next trading day begins.
$SPY 20260106 690.0 CALL$ IV was deceivingly low relative to the actual sentiment, and that massive midday rebound blew right past the strike, meaning this 0DTE covered call has officially expired in the money. This marks the end of the road for this lot of shares in hand after stacking another average $50 premium on top of weeks worth of premiums harvesting on just this one full Wheel Strategy.
$SPY 20260106 690.0 CALL$ That midday rebound on SPY caught the market off guard, especially with IV appearing so much lower than the actual sentiment. The short call strike was breached during that strong rally, meaning this 0DTE covered call has officially expired in the money. It marks a successful end to this specific lot, stacking another average $50 premium on top of a week’s worth of consistent harvesting since the original assignment. The shares have officially been called away, closing out this SPY wheel cycle with a solid $700 profit on the underlying alone. When you factor in the multiple $50 premiums collected from both the initial put and the series of 0DTE calls over the last seven days, the total return for
$SPY 20260105 689.0 CALL$ Selling Covered call on this lot of SPY that was assigned recently after the short put option strike was breached, this is part of the Wheel Strategy, selling the covered call with strike just 2-3 dollar higher during early market. The current IV is relatively low making the wheel on SPY less rewarding. IV should pick up as we going into earning season, provided this lot of SPY has not been called away just yet.
$Palantir Technologies Inc.(PLTR)$ PLTR is taking a beating today as institutional investors are cashing out all this high running tickers on this new year's day for managing their capital gain takes. This dip may present a good buying opportunity as these whales and institutional investors will too need to get back into positions once dust is settled.
$ASML 20260320 1020.0 CALL$ Been holding this call for over a month now, taking the opportunity for today's spike to close it. Although it have a bit more leg to run until March, still decided to cash it in for this rare 9% run in a day. Looking to get in another mid term call when there's a scale back.