Wrapped up the week by closing out a winner, selling a new covered call on $GTLB, and adding a fresh $RCAT put in the $5K account. Keeping the wheel spinning and cash coming in.
💼 $100K Account Moves
✅ Buy to Close: 1 $HNGE Jul 18 $40 Put
💰 Closed for $101
📈 Total Profit: $139
Not a bad cycle here—took the easy profit and moved on. No reason to leave it on the table once the risk/reward shifted.
🟢 Sell to Open: 1 $GTLB Jul 18 $51 Covered Call
💰 Collected $40
We’ve still got the $GTLB shares from the earlier assignment, so why not grab a bit of premium while we sit? If it gets called away, great—if not, we’ll rinse and repeat.
💼 $5K Account Moves
🟢 Sell to Open: 1 $RCAT Jul 11 $7 Put
💰 Collected $50
Short-dated premium play here, fits the $5K account perfectly. Small, manageable, and plenty of roll potential if it gets tested.
🧠 Strategy Snapshot
- Book profits early when it makes sense
- Covered calls to put shares to work
- Short puts to stay consistent with cash generation
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Disclaimer: These trades are for education only, not financial advice. Know your risks before trading options.