We opened the week with a high-premium put sale and a planned assignment that sets us up for covered calls next. Our strategy remains focused on premium generation, not stock acquisition.
💼 $100K Account Trades
✅ Sell to Open: 1 $CRWV Jul 18 $135 Put
- Premium Collected: $1,650
- Capital at Risk: $13,500 (cash-secured)
- Break-Even Price: $118.50
- Why This Trade?
- High volatility in $CRWV continues to deliver juicy premiums.
- We’re not aiming to acquire shares—we’ll roll or close when it makes sense.
- A great cashflow opportunity with defined risk and short duration.
📦 Assignment: 100 Shares of $GTLB at $50
- Outcome: Shares assigned from earlier sold put
- Plan: Will sell covered calls on $GTLB to begin generating income
- Why It Works:
- Assignment is not a failure, it’s a pivot.
- We’ll use the shares as a tool to sell calls and continue the income cycle.
- This aligns with our bigger strategy: Keep every dollar of capital active.
🔁 Strategy Recap
✅ We don’t sell puts to “buy at a discount” — we sell them to get paid.
✅ If we get assigned, we sell calls. If price moves, we roll.
✅ Everything we do is about turning capital into steady income through options.
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Disclaimer: This content is for educational purposes only. Options involve risk and are not suitable for every investor. Always do your own research or consult a professional advisor.