Skip to content
Archive
← r/thetagang
1
100%
u/davicchi 4 days ago Wheel

Wheeling Weekly Leverage on my Blown Retirement Account, Week 7

Disclaimer: This is for research purposes. Strategy: Use leverage to free up capital for puts. Sell weekly csp/strangles on a leveraged SOXX by writing far-otm SOXL/SOXS puts, depending on personal discretion. From weekly profits, DCA shares of TQQQ/SOXL to poorly mimic LEAPS. Then, sell otm covered calls on TQQQ/SOXL to poorly mimic PMCC & call away shares when over-weighted. Because the portfolio needs a way to pivot into a bull market, I bought 7 shares of TQQQ & 2 shares of SOXL from the profits made since wheeling. Market seems stable until next fed decision. Writing puts will underperform the underlying over time, so I’ll need to DCA in & out of shares when my risk & sizing makes it hard to sleep. I always need my beauty sleep. approx. 93.1% $USD 6.9% LETFs (4.5% TQQQ, 2.4% SOXL)
2 comments held Reddit says 0 on reddit ↗
  1. u/Kastenbrot 1 4 days ago
    If it's for research, why not start paper trading?
  2. u/davicchi OP 1 4 days ago
    Paper trading isn’t bad at all but lacks fears and emotions which can be pretty decisive in trading and investing. I don’t think people give enough credit to our own emotions when it comes to thinking with money on the line.