1
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u/ThetaHedge
4 days ago
Trades I took today as an option seller (08/07) with reasons
Trades I took today as an option seller (08/07):
**Closed Positions**
* **INOD → $60 Put (opened on 07/15)**, premium 5.65 **→** closed at 0.15. Net premium profit = 5.50 (\~97% of premium captured, \~9.2% of capital).
* **AMSC → $47 Call (opened on 07/16)**, premium 0.85 **→** closed at 0.15. Net premium profit = 0.70 (\~82% of premium captured, \~1.5% of capital).
* **FLNC → $20 Call (opened on 07/20)**, premium 0.85 **→** closed at 0.15. Net premium profit = 0.70 (\~82% of premium captured, \~3.3% of capital).
* **FORM → $95 Put (opened on 07/21)**, premium 8.40 **→** closed at 1.40. Net premium profit = 7.00 (\~83% of premium captured, \~7.4% of capital).
* **TSEM → $225 Put (opened on 07/23)**, premium 12.50 **→** closed at 0.50. Net premium profit = 12.00 (\~96% of premium captured, \~5.3% of capital).
* **CRDO → $195 Put (opened on 08/04)**, premium 6.10 **→** closed at 1.00. Net premium profit = 5.10 (\~84% of premium captured, \~2.6% of capital).
**New Positions**
* **INOD → $60 Put expiry 08/14 (1 weeks DTE), premium 1.85 → 185/6000 = \~3.1%.** INOD had a good earnings report and I continue my bullish stance in INOD. INOD provides data engineering services to build, train, and deploy AI and LLMs - which is a rapidly growing sector.
* **FN → $500 Put expiry 08/21 (2 weeks DTE), premium 20.00 → 2000/50000 = \~4%.** Fabrinet manufactures high-speed networking hardware used in AI data centers. It will report its earnings on 17th August and I am expecting a solid report. Stock has a good support region around $500.
* **FLNC → $21 Call expiry 11/20 (15 weeks DTE), premium 1.45 → 145/2100 = \~6.9%.** I was assigned FLNC at $21. They had a poor earnings report and the stock dropped but later recovered. I am opening a longer DTE sell call position in this, as it may take some time for the stock to recover.
**Update on other positions**
I rolled my **TE** sold Call position from $6.5 strike to $8 strike with an expiry on 09/25 (7 weeks DTE). I was assigned TE at $8. I got a net credit of $5 per lot.
Both the INOD and FN trades are identifed using the **ThetaHedge app**. I used the preset Conditions in the app which filters our junk tickers and brings out quality tickers with high premiums. You can try it for free at https://app.thetahedge.io/.
**Conditions → High Growth Wheel Stocks → Sort by 30 Delta Put Yield (%)**
I keep sharing my trades in my account and the Excel file to my full list of positions is linked in my profile description in case anyone wants to see the whole portfolio. Happy to hear thoughts on my positions. What are you guys wheeling or watching right now?