As we close out the week, here’s a breakdown of our trades, profits, and next steps in line with our cashflow-first strategy—we’re not here to buy stock at a discount, but to generate income consistently through premium collection.
💼 $100K Account Trades
✅ Closed Covered Calls on $MU
- Action: Buy to Close 1 $MU Jun 6 $98 Call for $85
- Total Profit: $340 from this covered call cycle
- Reason:
- Locked in profits on the covered calls as they neared expiration.
- Keeping the position dynamic—we’ll sell new calls next week to continue collecting premiums while holding the underlying shares.
- The goal is consistent cashflow, not getting locked into specific share prices.
✅ 300 Shares of $CLSK Assigned
- Assigned at: $11 per share
- Plan: Will sell covered calls on $CLSK next week
- Reason:
- Assignment is part of the strategy—when it happens, we don’t hold the shares passively.
- We’ll immediately go back to selling calls against the position to generate additional income.
- The idea is to keep cash flowing from the stock while managing risk through covered calls.
💡 What This Means for Our Strategy
✅ Cashflow focus: We aim to collect premium through active management of positions—rolling, closing, and re-selling as needed.
✅ No “buy the dip”: We don’t aim to acquire stocks at a discount. If assigned, we sell covered calls. If not, we keep selling puts for premium.
✅ Stay in the game: The key is to stay flexible and never let positions become “dead money.”
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Disclaimer: This post is for educational purposes only. Trading options carries risk—never trade with more than you’re willing to lose.