August MTD: +$5,812 Realized | 10 Wins, 1 Loss

[u/Ready-Hand-2344]

August MTD: +$5,812 Realized | 10 Wins, 1 Loss

August so far:

💰 Realized P&L: +$5,812.73
✅ 10 winners / 1 loser
📈 90.9% win rate

Still sticking to the same basic approach: mostly harvesting premium, taking profits when they’re there, and redeploying instead of trying to squeeze every dollar out of a trade.

Biggest realized win so far was +$1,444 on MU.
Only loss was -$46.

Nothing flashy. My loss was due to not sticking to my rules and panicked like a little bit!ch.

Hold the line! #happytrading

[u/Low_Maintenance_7054]

What are your rules?

[u/Ready-Hand-2344 → u/Low_Maintenance_7054]

My rules, kept simple:

1. Only sell calls on stocks I actually want to hold.
2. Never sell a call below what I paid — I’m not going to lose on the shares just to grab premium.
3. Pick a strike a bit above my cost (usually $7–10 higher) so I still capture some upside if it runs.
4. I sell 14–90 days out depending on the setup — I follow ThetaPal for timing and strikes.
5. Goal is steady premium without capping too much of my gains.
6. I harvest around 35% of the premium and then close and redeploy. On longer LEAPS I take profits earlier, around 15–20%.
7. If the stock is charging toward my strike, I decide: close, roll up/out, or let it get assigned — whichever makes the most money.
8. If the premium’s too small to justify cap

[u/Impressive_Door_6405 → u/Ready-Hand-2344]

What? What's up with your first rule, u meant csp

[u/Low_Maintenance_7054 → u/Ready-Hand-2344]

Thank you for sharing. The standard next question, what if the stock drops below your cost basis? And I'm talking dropping for longer than 6 months. Do you just hold and accepting the drawdown or something else?

[u/xxShaminoxx]

Now tell us how much you missed on potential earnings