Today was all about fine-tuning positions and staying on the offensive—rolled out a few puts, took profit on one, and opened a fresh covered call. Premiums were solid across the board.
💼 $5K Account Moves
🟢 New Entry: 1 $JOBY Aug 8 $17 Put
💰 Collected $104 credit
High IV, short duration—just the kind of setup we like in the $5K account. We’ll manage this closely if it gets tested, but for now, just enjoying the upfront cash.
💼 $100K Account Moves
🟢 New Entry: 1 $IONQ Aug 8 $45 Covered Call
💰 Collected $185 credit
Riding the wave with IONQ—reset this call at the same strike for another solid chunk of premium. If we get called away, we won’t complain.
✅ Closed: 1 $RBRK Aug 15 $90 Put
💰 Paid $275 to close
💰 Booked $295 profit
📈 Absolute profit: 3.28%
📆 Annualized profit: 64.8%
Time to lock this one in. The risk/reward tipped in our favor, and we’re happy with a clean profit. Capital now free to rotate into better setups.
🔁 Rolled: 2 $BULL to Aug 8 $16 Put
💰 Added $68 total credit (on both contracts)
Still comfortable holding this name, but we’d rather stretch the clock and stack more premium. Keeping things active and under control.
🔁 Rolled: 1 $MSTX to Aug 8 $42 Put
💰 Picked up $70 additional credit
Nice little move to extend time while maintaining strike. Premiums are still decent, and the position stays manageable.
🧠 Strategy Notes
- Lock in profits when they’re strong—don’t get greedy.
- Roll for time and credit, not just to delay a problem.
- Covered calls = passive rent while stocks sit still.
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⚠️ Disclaimer
Just sharing what I’m doing. Not financial advice—always do your own research and trade smart.
This post is for educational purposes only and does not constitute financial advice. Options trading carries risk and may not be suitable for all investors.