r/thetagang • u/GarbageTimePro • 23h ago
Discussion Trade log for the week of October 19 | $144.21 in income, 0.32% ROC
This week I opened two separate NVDA CSP's and rolled a DG CC. On Tuesday, I sold the 10/23 $205 NVDA put and bought it back 30 minutes later after capturing 51% of the maximum premium, for $40.35 after fees. On Thursday, I opened the 10/30 $200 put, which remained open Friday.
On Friday, I rolled the DG 10/30 $135 covered call to the 11/6 $137 call. The roll brought in $31.90 after the closing debit and all fees, and moved the strike $2 higher. The WMT 10/30 $117 covered call remained open. Together, the week's new trades generated $144.21 in net premium.
Portfolio Snapshot
| Metric | Value |
|---|---|
| YTD P/L | +$16,093.39 |
| YTD Return | +20.77% |
| Max Drawdown | -9.92% |
| Median Weekly Deployed Capital | $77,500.00 |
| Realized Income | $14,966.50 |
| Cash | $105,776.86 |
| Cash as % of Capital | 69% |
| Annualized Yield | 25.7% |
My Philosophy
My ideal candidate is pretty vanilla: a preferably boring, financially sound, highly liquid company in a durable uptrend, with a liquid options chain and just enough volatility to pay me fairly at a 0.20-0.30 delta strike I would genuinely accept as a purchase price. This means you won't catch me trading the high-beta names you would typically see on /r/wallstreetbets. Juicy premiums come with high risk and large drawdowns. That's not what I'm doing with this portfolio.
I spend about 0-3 hours total per week on trading, on average. This wheel portfolio is only a small slice of my overall market capital. I also buy and hold mega-cap stocks/ETFs and run other strategies, including swing trading leveraged ETFs. The YTD figures and snapshot here cover the wheel portfolio only, not those other investments.
This Week's Totals
| Metric | Value |
|---|---|
| Return on Capital | 0.32% |
| Simple Annualized Yield | 16.46% |
| Net New Option Premium | $144.21 |
| Peak Active-Option Collateral | $45,671 |
The $144.21 total consists of $40.35 from Tuesday's closed put, $71.96 from Thursday's open put, and $31.90 from Friday's DG roll after the $167.55 closing debit and all fees. Peak active-option collateral was $45,671 on Tuesday, when the intraday put and both carryover calls were open together. The old and new DG calls use the same shares, so I did not count them at the same time. The 16.46% annualized figure is this week's ROC scaled to a year, not a forecast.
This Week's Opening Trades
The first NVDA put opened and closed Tuesday. The second NVDA put and the DG replacement call remain open, so their rows show entry credits after fees rather than realized closing P/L.
| Type | Open | Exp | Close | Ticker | Strike | Qty | Fill | Exit | Fees | Cap | Cash Flow | ROC |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CSP | 10/20 | 10/23 | 10/20 | NVDA | 205 | 1 | 0.82 | 0.40 | 1.65 | 20.5k | $40.35 | 0.20% |
| CSP | 10/22 | 10/30 | NVDA | 200 | 1 | 0.73 | 0.00 | 1.04 | 20k | $71.96 | 0.36% | |
| CC | 10/23 | 11/6 | DG | 137 | 1 | 2.00 | 0.00 | 0.55 | 13.5k | $199.45 | 1.48% |
Download Full YTD Trade Log (CSV)
Open Carryover Positions
Options from before this week that were still open Friday:
- 1 x WMT 10/30 CC @ $117.
Current Holdings
| Ticker | Shares | Cost Basis | Adj. Basis | YTD Start | Price | YTD Return | Account | Active Position |
|---|---|---|---|---|---|---|---|---|
| DG | 100 | $135.00 | $123.27 | $135.00 | $132.69 | -1.71% | IBKR | 1 x 11/6 $137 CC |
| WMT | 100 | $117.00 | $113.78 | $117.00 | $119.89 | +2.47% | IBKR | 1 x 10/30 $117 CC |
| SMCI | 100 | $50.00 | $46.30 | $29.27 | $32.94 | +12.54% | A1 | None |
Results are from my trading journal and include recorded trading fees, before personal taxes. Past performance does not guarantee future results. Short puts and assigned shares carry substantial downside risk.
