Wheel Strategy Weekly Thread - Best returns of CSP, by delta, for stocks between $5 and $25

dibbles · May 9, 2022, 1:57pm

Weekly Update #8 - Expiry: May 13, 2022

Blacklisted tickers for this run (due to having too many appearances on this week’s list): AFRM, PTON, VERU, UVXY. Interesting and worth looking into why these four appeared so much this week.

Delta	Symbol	Current Price	Strike	Bid	Ask	Weekly Income %
0.00	JDST	10.09	8.50	0.05	0.20	0.58
-0.01	MARA	13.69	8.50	0.04	0.05	0.47
-0.02	AMC	13.16	9.50	0.06	0.07	0.63
-0.03	AMC	13.16	10.00	0.10	0.11	1.00
-0.04	SPCE	6.39	5.00	0.04	0.05	0.80
-0.05	SOFI	6.24	4.50	0.03	0.04	0.66
-0.06	AMC	13.16	10.50	0.16	0.17	1.52
-0.07	SONO	21.30	16.00	0.15	0.49	0.93
-0.08	SOXL	22.19	16.50	0.20	0.24	1.21
-0.09	RIVN	24.52	18.00	0.30	0.33	1.66
-0.10	AMC	13.16	11.00	0.24	0.25	2.18
-0.11	TTCF	7.74	6.50	0.10	0.15	1.53
-0.12	LMND	19.37	15.00	0.30	0.40	2.00
-0.13	RIVN	24.52	19.00	0.44	0.45	2.31
-0.14	LABU	6.49	5.00	0.15	0.20	3.00
-0.15	LMND	19.37	15.50	0.35	0.55	2.25
-0.16	AMC	13.16	11.50	0.35	0.37	3.04
-0.17	RIVN	24.52	20.00	0.62	0.63	3.10
-0.18	FSLY	12.50	11.00	0.22	0.30	2.00
-0.19	RIVN	24.52	20.50	0.70	0.74	3.41
-0.20	SOXL	22.19	19.00	0.55	0.66	2.89
-0.21	RIOT	8.62	7.50	0.24	0.25	3.20
-0.22	RIVN	24.52	21.00	0.81	0.87	3.85
-0.23	LABU	6.49	5.50	0.25	0.30	4.54
-0.24	AMC	13.16	12.00	0.50	0.52	4.16
-0.25	RIVN	24.52	21.50	0.98	1.02	4.55
-0.26	SOXL	22.19	20.00	0.83	0.94	4.14
-0.27	MARA	13.69	12.50	0.51	0.55	4.08
-0.28	RIVN	24.52	22.00	1.13	1.18	5.13
-0.29	SONO	21.30	19.50	0.63	0.88	3.23
-0.30	SOXL	22.19	20.50	0.92	1.11	4.48
-0.31	RIVN	24.52	22.50	1.27	1.37	5.64
-0.32	LMND	19.37	18.00	1.05	1.10	5.83
-0.33	LABU	6.49	6.00	0.45	0.50	7.50
-0.34	RIVN	24.52	23.00	1.50	1.54	6.52
-0.35	BILI	19.73	19.00	0.90	1.01	4.73
-0.36	GRPN	15.71	15.00	0.75	1.05	5.00
-0.37	LMND	19.37	18.50	1.10	1.40	5.94
-0.38	RIVN	24.52	23.50	1.72	1.77	7.31
-0.39	SOXL	22.19	21.50	1.30	1.48	6.04
-0.40	DDD	10.80	10.50	0.66	0.85	6.28
-0.41	RIVN	24.52	24.00	1.95	1.99	8.12
-0.42	LMND	19.37	19.00	1.35	1.60	7.10
-0.43	AMC	13.16	13.00	0.94	0.96	7.23
-0.44	LABU	6.49	6.50	0.65	0.75	10.00
-0.45	RIVN	24.52	24.50	2.15	2.26	8.77
-0.46	LMND	19.37	19.50	1.60	1.90	8.20
-0.47	NEGG	5.03	5.00	0.37	0.56	7.39
-0.48	RIVN	24.52	25.00	2.42	2.50	9.68
-0.49	MARA	13.69	14.00	1.11	1.16	7.92
-0.50	PLTR	7.39	7.50	0.49	0.50	6.53
-0.51	LMND	19.37	20.00	1.85	2.15	9.25
-0.52	RIVN	24.52	25.50	2.71	2.80	10.62
-0.53	AMC	13.16	13.50	1.22	1.24	9.03
-0.54	SOFI	6.24	6.50	0.65	0.66	10.00
-0.55	LABU	6.49	7.00	0.95	1.05	13.57
-0.56	LMND	19.37	20.50	2.20	2.45	10.73
-0.57	NRGV	10.36	11.00	1.15	1.70	10.45
-0.58	AVXL	8.27	9.50	1.05	1.95	11.05
-0.59	RIVN	24.52	26.50	3.15	3.45	11.88
-0.60	LMND	19.37	21.00	2.45	2.85	11.66
-0.61	GRWG	5.53	6.00	0.65	0.99	10.83
-0.62	RIVN	24.52	27.00	3.55	3.80	13.14
-0.63	NEGG	5.03	5.50	0.70	0.98	12.72
-0.64	GRPN	15.71	17.50	2.20	2.65	12.57
-0.65	LABU	6.49	7.50	1.25	1.45	16.66
-0.66	SOXL	22.19	24.50	2.91	3.30	11.87
-0.67	BILI	19.73	22.00	2.59	2.97	11.77
-0.68	GRPN	15.71	18.00	2.55	2.95	14.16
-0.69	RIVN	24.52	28.00	3.95	4.50	14.10
-0.70	AVXL	8.27	10.50	1.75	2.75	16.66
-0.71	NRGV	10.36	12.00	1.85	2.55	15.41
-0.72	LMND	19.37	22.50	3.60	3.90	16.00
-0.73	GRWG	5.53	6.50	1.05	1.30	16.15
-0.74	LABU	6.49	8.00	1.70	1.75	21.25
-0.75	AVXL	8.27	11.00	1.85	3.70	16.81
-0.76	GRPN	15.71	19.00	3.40	3.80	17.89
-0.77	NRGV	10.36	12.50	2.30	2.90	18.40
-0.78	SOFI	6.24	7.50	1.38	1.42	18.40
-0.79	AVXL	8.27	11.50	2.35	4.30	20.43
-0.80	SONO	21.30	26.00	4.80	5.55	18.46
-0.81	LABU	6.49	8.50	2.05	2.25	24.11
-0.82	GRWG	5.53	7.00	1.48	2.00	21.14
-0.83	SFIX	9.05	12.00	2.76	3.05	23.00
-0.84	GRPN	15.71	20.50	4.70	5.20	22.92
-0.85	RIVN	24.52	31.50	6.80	7.45	21.58
-0.86	LABU	6.49	9.00	2.50	2.70	27.77
-0.87	LMND	19.37	25.50	6.10	6.70	23.92
-0.88	SFIX	9.05	13.00	3.75	4.05	28.84
-0.89	NRGV	10.36	14.00	3.60	4.30	25.71
-0.90	LABU	6.49	9.50	3.00	3.20	31.57
-0.91	NRGV	10.36	14.50	4.00	4.90	27.58
-0.92	SFIX	9.05	14.00	4.65	5.05	33.21
-0.93	SFIX	9.05	14.50	5.35	5.55	36.89
-0.94	SFIX	9.05	15.00	5.70	6.05	38.00
-0.95	SFIX	9.05	15.50	5.85	6.75	37.74
-0.96	LABU	6.49	11.00	4.40	4.70	40.00
-0.97	SFIX	9.05	17.00	7.70	8.05	45.29
-0.98	AMC	13.16	25.00	11.80	11.95	47.20
-0.99	LABU	6.49	30.00	23.30	24.00	77.66
-1.00	SST	11.39	55.00	42.70	44.40	77.63

Quick comments: Lots of variety this week offering good returns for CSPs in these difficult market days. The only ones that really jump out to me are LABU at the $6 or $5.5 strikes, [edit: Wow, LABU already down to pretty much $6 right after posting. Maybe want to look at further strikes. Note that is is currently an all time low for LABU.] RIVN appears to have some good potential though it is also currently not in a great place and could go down more.

Top 10 list:

Symbol	Occurrences
AMC	80
SST	68
BRCC	59
BBBY	40
NEGG	31
LABU	29
NIO	29
MARA	27
TLRY	22
VERU	21
LMND	21

dibbles · May 16, 2022, 1:53pm

Weekly Update #9 - Expiry: May 20, 2022

Blacklisted tickers for this run (due to having too many appearances on this week’s list):

Delta	Symbol	Current Price	Strike	Bid	Ask	Weekly Income %
0.00	COWN	23.57	20.00	0.30	0.50	1.50
-0.01	FULC	8.18	5.00	0.10	0.30	2.00
-0.02	MARA	10.84	6.50	0.07	0.08	1.07
-0.03	RIOT	7.56	4.50	0.04	0.05	0.88
-0.04	KZIA	5.38	2.50	0.05	0.15	2.00
-0.05	AFRM	23.68	17.00	0.14	0.16	0.82
-0.06	RIOT	7.56	5.00	0.07	0.08	1.40
-0.07	MARA	10.84	7.50	0.13	0.15	1.73
-0.08	AFRM	23.68	18.00	0.22	0.24	1.22
-0.09	VERU	12.77	9.00	0.15	0.20	1.66
-0.10	MARA	10.84	8.00	0.18	0.20	2.25
-0.11	AMC	11.96	9.50	0.16	0.17	1.68
-0.12	AFRM	23.68	19.00	0.35	0.38	1.84
-0.13	VERU	12.77	9.50	0.25	0.40	2.63
-0.14	HIBS	11.32	11.00	0.45	0.90	4.09
-0.15	AFRM	23.68	19.50	0.43	0.47	2.20
-0.16	RIOT	7.56	6.00	0.18	0.20	3.00
-0.17	VERU	12.77	10.00	0.40	0.45	4.00
-0.18	AFRM	23.68	20.00	0.53	0.58	2.65
-0.19	MARA	10.84	9.00	0.34	0.36	3.77
-0.20	LCID	17.89	16.00	0.37	0.41	2.31
-0.21	VERU	12.77	10.50	0.45	0.55	4.28
-0.22	LABU	5.92	5.00	0.25	0.30	5.00
-0.23	AMC	11.96	10.50	0.38	0.40	3.61
-0.24	RIOT	7.56	6.50	0.28	0.30	4.30
-0.25	MARA	10.84	9.50	0.45	0.48	4.73
-0.26	VERU	12.77	11.00	0.70	0.80	6.36
-0.27	DLO	20.01	17.50	0.90	1.10	5.14
-0.28	AFRM	23.68	21.50	0.94	1.01	4.37
-0.29	NNOX	9.96	9.00	0.35	0.55	3.88
-0.30	AMC	11.96	11.00	0.56	0.57	5.09
-0.31	VERU	12.77	11.50	0.85	1.00	7.39
-0.32	MARA	10.84	10.00	0.61	0.64	6.10
-0.33	LABU	5.92	5.50	0.40	0.45	7.27
-0.34	NRGV	10.85	10.00	0.60	0.80	6.00
-0.35	AFRM	23.68	22.50	1.32	1.39	5.86
-0.36	VERU	12.77	12.00	1.10	1.20	9.16
-0.37	JMIA	5.83	5.50	0.34	0.42	6.18
-0.38	DKNG	12.96	12.50	0.46	0.53	3.67
-0.39	LSPD	20.93	20.00	1.70	2.05	8.50
-0.40	ICVX	7.63	7.50	0.60	1.15	8.00
-0.41	VERU	12.77	12.50	1.40	1.50	11.20
-0.42	NKLA	6.13	6.00	0.45	0.56	7.50
-0.43	RIOT	7.56	7.50	0.61	0.63	8.13
-0.44	GLBE	20.26	20.00	1.70	1.90	8.50
-0.45	DLO	20.01	20.00	1.90	2.15	9.50
-0.46	VERU	12.77	13.00	1.65	1.75	12.69
-0.47	AMC	11.96	12.00	1.04	1.08	8.66
-0.48	MARA	10.84	11.00	1.01	1.06	9.18
-0.49	NNOX	9.96	10.00	0.75	1.15	7.50
-0.50	PMVP	13.00	15.00	2.20	5.00	14.66
-0.51	VERU	12.77	13.50	1.90	2.15	14.07
-0.52	SHLS	12.10	12.50	1.10	1.35	8.80
-0.53	NRGV	10.85	11.00	1.00	1.30	9.09
-0.54	UVIX	20.02	21.00	2.35	2.60	11.19
-0.55	VERU	12.77	14.00	2.30	2.50	16.42
-0.56	RIOT	7.56	8.00	0.85	0.89	10.62
-0.57	MARA	10.84	11.50	1.29	1.35	11.21
-0.58	CALT	14.46	17.50	2.55	5.40	14.57
-0.59	VERU	12.77	14.50	2.65	2.85	18.27
-0.60	ZETA	8.23	10.00	1.65	2.40	16.49
-0.61	UVIX	20.02	22.00	3.10	3.40	14.09
-0.62	AMC	11.96	13.00	1.69	1.76	13.00
-0.63	VERU	12.77	15.00	3.00	3.30	20.00
-0.64	INBX	15.77	20.00	4.00	6.20	20.00
-0.65	ATHA	8.27	10.00	1.75	2.50	17.50
-0.66	MN	12.00	15.00	2.30	5.50	15.33
-0.67	VERU	12.77	15.50	3.40	3.70	21.93
-0.68	PMVP	13.00	17.50	4.20	7.50	24.00
-0.69	RCUS	19.20	25.00	5.10	7.90	20.40
-0.70	CALT	14.46	20.00	5.00	6.20	25.00
-0.71	LABU	5.92	7.00	1.20	1.40	17.14
-0.72	ICVX	7.63	10.00	2.30	3.00	23.00
-0.73	VERU	12.77	16.50	3.80	4.60	23.03
-0.74	RVMD	15.59	22.50	4.70	9.00	20.88
-0.75	VERU	12.77	17.00	4.40	5.00	25.88
-0.76	INBX	15.77	22.50	5.60	9.00	24.88
-0.77	AMC	11.96	14.50	2.85	2.99	19.65
-0.78	CDXS	10.62	17.50	6.20	8.70	35.42
-0.79	CRGY	16.98	25.00	7.00	10.50	28.00
-0.80	LFLY	10.89	17.50	5.90	8.30	33.71
-0.81	PMVP	13.00	20.00	6.70	10.00	33.50
-0.82	VERU	12.77	18.50	5.60	6.70	30.27
-0.83	PSY	5.38	9.00	3.50	4.20	38.88
-0.84	RCUS	19.20	30.00	10.10	12.10	33.66
-0.85	CDXS	10.62	20.00	8.70	11.20	43.49
-0.86	RLAY	17.97	30.00	10.00	14.50	33.33
-0.87	KDNY	13.88	25.00	8.90	13.50	35.60
-0.88	ANAB	20.96	40.00	16.50	21.50	41.25
-0.89	ANAB	20.96	45.00	21.50	26.50	47.77
-0.90	ANAB	20.96	50.00	26.50	31.50	53.00
-0.91	ANAB	20.96	55.00	31.50	36.50	57.27
-0.92	VERU	12.77	22.50	9.40	10.40	41.77
-0.93	CDXS	10.62	25.00	13.70	15.20	54.79
-0.94	ZETA	8.23	17.50	8.20	11.50	46.85
-0.95	RVMD	15.59	35.00	18.30	20.50	52.28
-0.96	CALT	14.46	35.00	19.60	21.60	56.00
-0.97	CDXS	10.62	30.00	18.70	20.20	62.33
-0.98	PRAX	10.54	35.00	22.80	26.90	65.14
-0.99	ALXO	9.84	115.00	103.90	106.90	90.34
-1.00	ISPO	5.04	75.00	69.20	72.50	92.26

Quick comments: VERU dominates a good chunk of this list and I think the market is expecting it to crash. Premiums are expensive, so you can earn a good amount from it but have a higher than what appears risk. Other options that look good this week:

MARA $10
DLO $17.50
LABU $5

Top 10 list:

Symbol	Occurrences
AMC	86
SST	68
BRCC	59
BBBY	40
VERU	39
MARA	35
LABU	32
NEGG	31
NIO	29
TLRY	22

dibbles · May 21, 2022, 11:55pm

Decided I’d start sharing positions that I take from these numbers, so I set up an account for just wheeling. Starting balance: $2,500.

I sold 2x MARA $9.5 puts on Monday. The stock price actually dipped a hair beneath that on Friday but the SPY rally at end of day pushed it back above the strike, and I was not assigned.

Balance for this week: $2,596.00, +3.84% on the starting balance.

Not sure if I should make a journal thread for this or just keep it here.

I had $600 remaining available cash to play with this week, and considered taking the LABU one before realizing LABU is a leveraged ticker and I don’t have permissions to trade it lol. I never noticed that. LABU is one of the “top 10” tickers and has appeared pretty consistently. I wonder if I should permanently blacklist leveraged ETFs.

dibbles · May 23, 2022, 1:55pm

Weekly Update #10 - Expiry: May 27, 2022

Blacklisted tickers for this run (due to having too many appearances on this week’s list): JWN, UVXY

Delta	Symbol	Current Price	Strike	Bid	Ask	Weekly Income %
0.00	BRCC	9.77	6.50	0.05	0.50	0.76
-0.01	M	18.05	11.50	0.09	0.11	0.78
-0.02	M	18.05	12.00	0.11	0.13	0.91
-0.03	BYND	23.82	16.00	0.12	0.15	0.75
-0.04	M	18.05	12.50	0.14	0.16	1.12
-0.05	M	18.05	13.00	0.17	0.20	1.30
-0.06	NIO	15.59	12.50	0.11	0.12	0.88
-0.07	M	18.05	13.50	0.21	0.24	1.55
-0.08	MARA	9.94	7.50	0.09	0.10	1.20
-0.09	BYND	23.82	18.50	0.26	0.32	1.40
-0.10	M	18.05	14.00	0.26	0.29	1.85
-0.11	AMC	11.61	9.50	0.17	0.18	1.78
-0.12	LABU	6.41	5.00	0.10	0.15	2.00
-0.13	M	18.05	14.50	0.32	0.36	2.20
-0.14	GPS	10.29	8.00	0.19	0.23	2.37
-0.15	VERU	12.79	10.50	0.25	0.35	2.38
-0.16	M	18.05	15.00	0.40	0.44	2.66
-0.17	AMC	11.61	10.00	0.26	0.27	2.60
-0.18	AFRM	24.55	21.00	0.46	0.51	2.19
-0.19	GPS	10.29	8.50	0.27	0.35	3.17
-0.20	M	18.05	15.50	0.52	0.54	3.35
-0.21	LABU	6.41	5.50	0.20	0.30	3.63
-0.22	NTNX	22.89	20.00	0.55	1.20	2.75
-0.23	SOXL	20.52	18.00	0.53	0.58	2.94
-0.24	GPS	10.29	9.00	0.40	0.43	4.44
-0.25	URBN	20.17	18.00	0.50	0.60	2.77
-0.26	MARA	9.94	9.00	0.34	0.39	3.77
-0.27	SOXL	20.52	18.50	0.65	0.74	3.51
-0.28	M	18.05	16.50	0.74	0.80	4.48
-0.29	AEO	13.07	12.00	0.45	0.52	3.75
-0.30	NTNX	22.89	21.00	0.85	1.70	4.04
-0.31	GPS	10.29	9.50	0.58	0.60	6.10
-0.32	RIOT	6.95	6.50	0.30	0.33	4.61
-0.33	LABU	6.41	6.00	0.35	0.45	5.83
-0.34	CGC	5.29	5.00	0.32	0.34	6.40
-0.35	VERU	12.79	12.00	0.70	0.85	5.83
-0.36	MARA	9.94	9.50	0.50	0.54	5.26
-0.37	AFRM	24.55	23.50	1.19	1.27	5.06
-0.38	BYND	23.82	23.00	1.09	1.28	4.73
-0.39	M	18.05	17.50	1.13	1.18	6.45
-0.40	GPS	10.29	10.00	0.78	0.80	7.80
-0.41	AFRM	24.55	24.00	1.41	1.49	5.87
-0.42	STEM	7.46	7.50	0.35	0.50	4.66
-0.43	VERU	12.79	12.50	0.95	1.05	7.60
-0.44	M	18.05	18.00	1.30	1.40	7.22
-0.45	AMC	11.61	11.50	0.79	0.82	6.86
-0.46	AFRM	24.55	24.50	1.64	1.73	6.69
-0.47	LABU	6.41	6.50	0.55	0.75	8.46
-0.48	CGC	5.29	5.50	0.58	0.64	10.54
-0.49	GPS	10.29	10.50	1.01	1.04	9.61
-0.50	VERU	12.79	13.00	1.15	1.35	8.84
-0.51	BBBY	8.34	8.50	0.56	0.68	6.58
-0.52	SOXL	20.52	21.00	1.62	1.81	7.71
-0.53	PACB	5.70	6.00	0.50	1.50	8.33
-0.54	BYND	23.82	24.50	1.79	2.10	7.30
-0.55	AMC	11.61	12.00	1.08	1.11	9.00
-0.56	M	18.05	19.00	1.83	2.08	9.63
-0.57	VERU	12.79	13.50	1.50	1.75	11.11
-0.58	GPS	10.29	11.00	1.22	1.34	11.09
-0.59	AFRM	24.55	26.00	2.51	2.60	9.65
-0.60	MARA	9.94	10.50	0.99	1.04	9.42
-0.61	CGC	5.29	6.00	0.87	1.00	14.49
-0.62	NTNX	22.89	24.50	2.45	4.00	10.00
-0.63	VERU	12.79	14.00	1.80	2.05	12.85
-0.64	RIOT	6.95	7.50	0.79	0.85	10.53
-0.65	AMC	11.61	12.50	1.36	1.45	10.88
-0.66	GPS	10.29	11.50	1.59	1.67	13.82
-0.67	M	18.05	20.00	2.50	2.77	12.50
-0.68	VERU	12.79	14.50	2.10	2.45	14.48
-0.69	OPEN	6.86	7.50	0.79	0.91	10.53
-0.70	MARA	9.94	11.00	1.33	1.46	12.09
-0.71	M	18.05	20.50	2.74	3.10	13.36
-0.72	CGC	5.29	6.50	1.26	1.41	19.38
-0.73	VERU	12.79	15.00	2.55	2.90	17.00
-0.74	LABU	6.41	7.50	1.20	1.40	16.00
-0.75	STNE	9.52	10.50	1.10	1.40	10.47
-0.76	VERU	12.79	15.50	3.00	3.40	19.35
-0.77	AFRM	24.55	28.50	4.40	4.50	15.43
-0.78	NRGV	11.86	14.00	2.20	2.90	15.71
-0.79	CGC	5.29	7.00	1.50	1.89	21.42
-0.80	M	18.05	21.50	3.70	3.90	17.20
-0.81	NTNX	22.89	27.50	4.70	8.00	17.09
-0.82	VERU	12.79	16.50	3.90	4.20	23.63
-0.83	PACB	5.70	7.50	1.55	5.00	20.66
-0.84	VERU	12.79	17.00	4.30	4.70	25.29
-0.85	CGC	5.29	7.50	2.16	2.37	28.80
-0.86	VERU	12.79	17.50	4.80	5.20	27.42
-0.87	VERU	12.79	18.00	5.30	5.70	29.44
-0.88	AMC	11.61	15.00	3.45	3.60	23.00
-0.89	VERU	12.79	18.50	5.80	6.10	31.35
-0.90	VERU	12.79	19.00	6.20	6.60	32.63
-0.91	VERU	12.79	19.50	6.70	7.10	34.35
-0.92	CGC	5.29	8.50	2.73	3.40	32.11
-0.93	VERU	12.79	20.50	7.70	8.10	37.56
-0.94	VERU	12.79	21.00	7.90	9.20	37.61
-0.95	VERU	12.79	21.50	8.70	9.10	40.46
-0.96	AMC	11.61	20.00	8.30	8.50	41.50
-0.97	AMC	11.61	21.50	9.70	10.10	45.11
-0.98	AMC	11.61	24.00	12.20	12.65	50.83
-0.99	LABU	6.41	30.00	23.10	23.90	77.00
-1.00	RIOT	6.95	30.00	23.00	23.40	76.66

Quick comments: Macys makes a dramatic appearance this week. Never seen before on this list but now shows up about 16 times this week. There must be some really negative news about Macy’s! LABU continues to appear quite often, but as I mentioned previously it turns out you need special permissions to trade leveraged ETFs, which not everyone may have. Still considering blacklisting those kind of tickers permanently. Here’s what I’ll be watching this week:

GPS $9
M $16.5
MARA $9

Top 10 list:

Symbol	Occurrences
AMC	95
SST	68
BRCC	60
VERU	58
BBBY	41
MARA	40
LABU	38
NEGG	31
NIO	30
TLRY	22

dibbles · May 23, 2022, 2:14pm

Might regret taking some retail positions but here’s what I grabbed this week:

Weekly account balance is up +5.2% and vverall account balance +9.28% to $2,732. Problem is my spreadsheet isn’t taking my commissions into account so it’s a couple dollars less in reality. I’ll update my spreadsheet at some point.

Let’s hope retail doesn’t fuck me this week! I feel retail’s been fucked quite hard over recent weeks.

internetkings · May 26, 2022, 2:06pm

Sold some GPS - CSP’s - 11’s for .83 5/27’s

Break Even (assignment) 10.20 ish range - a bit risky but only needs to hold for 2 days

if it works out 7.5% gain

dibbles · May 26, 2022, 2:25pm

Feeling pretty safe about my CSP picks this week, though earnings still coming today.

internetkings · May 26, 2022, 2:26pm

Ya my hopes if they are bad it doesn’t tank more than a buck or so - EDIT ended up buying the contract back - cleared 1.8% not bad in my mind

dibbles · May 28, 2022, 1:09am

I rode them out. Not assigned. See you next week!

internetkings · May 29, 2022, 11:40pm

Excited to see what Tuesday has to offer!

dibbles · June 6, 2022, 2:14pm

Weekly Update #11 - Expiry: June 10, 2022

Firstly, apologies for skipping last week. There were some technical difficulties with the data source which still haven’t been resolved this week. I had to fall back to my original code that takes 20-30 mins to run this week, which doesn’t include some of the refinements I’ve made such as removing memes/tickers that appear too often. So unfortunately, this week is also not in top form. Hopefully we can get back up and running 100% next week.

Delta	Symbol	Current Price	Strike	Bid	Ask	Weekly Income %
0.00	BILI	26.01	15.00	0.02	0.04	0.13
-0.01	BILI	26.01	16.00	0.03	0.10	0.19
-0.02	AMC	12.26	9.00	0.02	0.05	0.22
-0.03	BILI	26.01	18.50	0.08	0.11	0.43
-0.04	SFIX	9.00	6.00	0.04	0.12	0.67
-0.05	FCEL	4.11	3.00	0.02	0.04	0.67
-0.06	BILI	26.01	20.50	0.14	0.23	0.68
-0.07	SFIX	9.00	6.50	0.08	0.11	1.23
-0.08	BILI	26.01	21.00	0.19	0.28	0.90
-0.09	HOOD	9.34	8.00	0.05	0.07	0.63
-0.10	BILI	26.01	21.50	0.24	0.34	1.12
-0.11	SFIX	9.00	7.00	0.15	0.18	2.14
-0.12	CGC	4.18	3.50	0.05	0.07	1.43
-0.13	RIOT	6.45	5.50	0.08	0.11	1.45
-0.14	DKNG	12.87	11.50	0.12	0.14	1.04
-0.15	BILI	26.01	22.50	0.39	0.47	1.73
-0.16	NEGG	4.70	4.00	0.07	0.12	1.75
-0.17	QS	12.16	11.00	0.15	0.21	1.36
-0.18	SFIX	9.00	7.50	0.25	0.32	3.33
-0.19	HUT	2.26	2.00	0.04	0.09	2.00
-0.20	STEM	9.44	8.50	0.20	0.25	2.35
-0.21	AMC	12.26	11.00	0.22	0.27	2.00
-0.22	BILI	26.01	23.50	0.60	0.69	2.55
-0.23	NIO	19.14	17.50	0.43	0.48	2.46
-0.24	OPEN	7.55	7.00	0.15	0.17	2.14
-0.25	FSLY	12.31	11.50	0.22	0.30	1.91
-0.26	SFIX	9.00	8.00	0.40	0.48	5.00
-0.27	RIOT	6.45	6.00	0.18	0.22	3.00
-0.28	CHPT	14.87	14.00	0.33	0.39	2.36
-0.29	STNE	12.15	11.50	0.25	0.40	2.17
-0.30	NIO	19.14	18.00	0.58	0.64	3.22
-0.31	BILI	26.01	24.50	0.90	0.99	3.67
-0.32
-0.33	STEM	9.44	9.00	0.30	0.45	3.33
-0.34	SABR	7.73	7.50	0.15	0.19	2.00
-0.35	SFIX	9.00	8.50	0.59	0.68	6.94
-0.36	NEGG	4.70	4.50	0.25	0.34	5.56
-0.37	NIO	19.14	18.50	0.76	0.85	4.11
-0.38	FSLY	12.31	12.00	0.37	0.44	3.08
-0.39	CHPT	14.87	14.50	0.52	0.62	3.59
-0.40	FCEL	4.11	4.00	0.26	0.29	6.50
-0.41	FSR	9.65	9.50	0.34	0.42	3.58
-0.42	AMC	12.26	12.00	0.62	0.65	5.17
-0.43	NKLA	6.57	6.50	0.28	0.33	4.31
-0.44	NIO	19.14	19.00	0.95	1.04	5.00
-0.45	SFIX	9.00	9.00	0.82	0.94	9.11
-0.46	PACB	5.02	5.00	0.20	1.10	4.00
-0.47	STEM	9.44	9.50	0.55	0.70	5.79
-0.48	NNOX	10.94	11.00	0.60	3.70	5.45
-0.49	AG	9.01	9.00	0.26	0.29	2.89
-0.50	BILI	26.01	26.50	1.79	2.34	6.75
-0.51	NIO	19.14	19.50	1.24	1.36	6.36
-0.52	AMC	12.26	12.50	0.89	0.94	7.12
-0.53	FSLY	12.31	12.50	0.58	0.73	4.64
-0.54	SFIX	9.00	9.50	1.10	1.23	11.58
-0.55	BILI	26.01	27.00	2.09	2.68	7.74
-0.56	BB	5.90	6.00	0.25	0.28	4.17
-0.57	STNE	12.15	12.50	0.70	1.00	5.60
-0.58	NEGG	4.70	5.00	0.56	0.63	11.20
-0.59	DDD	10.65	11.00	0.48	0.67	4.36
-0.60	BILI	26.01	27.50	2.40	2.97	8.73
-0.61	FUBO	3.33	3.50	0.27	0.31	7.71
-0.62	AMC	12.26	13.00	1.25	1.30	9.62
-0.63	SFIX	9.00	10.00	1.41	1.58	14.10
-0.64	BILI	26.01	28.00	2.74	3.30	9.79
-0.65	FCEL	4.11	4.50	0.55	0.59	12.22
-0.66	OPEN	7.55	8.00	0.61	0.71	7.63
-0.67	NKLA	6.57	7.00	0.58	0.64	8.29
-0.68	RIOT	6.45	7.00	0.67	0.72	9.57
-0.69	BILI	26.01	28.50	3.10	3.70	10.88
-0.70	AMC	12.26	13.50	1.63	1.69	12.07
-0.71	SFIX	9.00	10.50	1.79	1.96	17.05
-0.72	BILI	26.01	29.00	3.45	3.95	11.90
-0.73	STEM	9.44	10.50	1.20	2.10	11.43
-0.74	NEGG	4.70	5.50	0.90	1.57	16.36
-0.75	AMC	12.26	14.00	2.05	2.14	14.64
-0.76	BBBY	8.12	9.00	0.96	1.08	10.67
-0.77	BKKT	3.04	3.50	0.50	0.56	14.29
-0.78	SFIX	9.00	11.00	2.18	2.38	19.82
-0.79	CHPT	14.87	16.50	1.76	2.24	10.67
-0.80	AMC	12.26	14.50	2.48	2.58	17.10
-0.81	FCEL	4.11	5.00	0.82	1.00	16.40
-0.82	GRWG	4.86	5.50	0.64	0.75	11.64
-0.83	AMC	12.26	15.00	2.93	3.05	19.53
-0.84	SFIX	9.00	11.50	2.62	2.86	22.78
-0.85	NEGG	4.70	6.00	1.31	2.12	21.83
-0.86	AMC	12.26	15.50	3.40	3.55	21.94
-0.87	BILI	26.01	32.00	6.00	6.95	18.75
-0.88	SFIX	9.00	12.00	3.05	3.30	25.42
-0.89	AMC	12.26	16.50	4.35	4.65	26.36
-0.90	FFIE	3.15	4.00	0.84	1.37	21.00
-0.91	AMC	12.26	17.00	4.85	5.05	28.53
-0.92	AMC	12.26	18.00	5.80	6.10	32.22
-0.93	AMC	12.26	18.50	6.30	6.55	34.05
-0.94	AMC	12.26	19.50	7.25	7.55	37.18
-0.95	AMC	12.26	21.50	9.25	9.50	43.02
-0.96	AMC	12.26	22.50	10.25	10.60	45.56
-0.97	AMC	12.26	26.00	13.75	14.05	52.88
-0.98	BBBY	8.12	26.00	17.75	18.05	68.27
-0.99	BBBY	8.12	30.00	21.75	22.00	72.50

Quick comments:

Oddly, the -0.32 delta didn’t get filled with any values. I’ve never seen that before, though I suppose it is possible!
SFIX, NIO, and NEGG all look interesting this week. I’ll be watching them and I’ll dig into those more.
CHPT and STNE have earnings this week, so careful with those.

Top 10 list:

Decided not to include this week in the top 10 as I wasn’t able to remove the memes.

rees · June 7, 2022, 11:30am

Appreciate the work on this, very interested in trying this out. Only sold CCs and CSP so far.

dibbles · June 13, 2022, 2:06pm

Weekly Update #12 - Expiry: June 17, 2022

Still having to rely on my slow original method to gather this data. However, quickly going over the list, I don’t believe there’s any one ticker dominating this week. Seems like there’s good diversity among the choices here. A major note to bring up is that the end of last week and going into this week has looked like a bloodbath on the markets, so keep that in mind when making any picks based on these. Also, for a second week in a row, there is a row missing. I don’t know if that’s a glitch in my original method or if that’s just how the market is right now.

Delta	Symbol	Current Price	Strike	Bid	Ask	Weekly Income %
0.00	AAL	13.90	5.00	-1.00	0.03	0.00
-0.01	RIOT	4.54	2.00	0.01	0.04	0.50
-0.02	AMC	11.58	8.00	0.02	0.06	0.25
-0.03	RIOT	4.54	2.50	0.02	0.05	0.80
-0.04	CHPT	12.92	9.50	0.04	0.11	0.42
-0.05	SFIX	6.05	4.50	0.03	0.06	0.67
-0.06	RIOT	4.54	3.00	0.03	0.05	1.00
-0.07	BILI	24.19	19.50	0.13	0.18	0.67
-0.08	FSR	8.52	7.00	0.05	0.10	0.71
-0.09	CHPT	12.92	10.50	0.11	0.13	1.05
-0.10	AMC	11.58	9.50	0.12	0.15	1.26
-0.11	BILI	24.19	20.50	0.22	0.38	1.07
-0.12	RIOT	4.54	3.50	0.08	0.10	2.29
-0.13	CHPT	12.92	11.00	0.16	0.20	1.45
-0.14	NEGG	4.19	3.50	0.06	0.10	1.71
-0.15	SPCE	5.81	5.00	0.07	0.09	1.40
-0.16	OPEN	5.21	4.50	0.07	0.11	1.56
-0.17	AMC	11.58	10.00	0.19	0.24	1.90
-0.18	CCL	10.14	9.00	0.16	0.18	1.78
-0.19	CHPT	12.92	11.50	0.23	0.28	2.00
-0.20	NKLA	5.63	5.00	0.10	0.16	2.00
-0.21	CGC	3.41	3.00	0.08	0.11	2.67
-0.22	BILI	24.19	22.00	0.45	0.55	2.05
-0.23	HOOD	7.13	6.50	0.14	0.16	2.15
-0.24	RIOT	4.54	4.00	0.17	0.20	4.25
-0.25	AMC	11.58	10.50	0.32	0.37	3.05
-0.26	DKNG	11.89	11.00	0.30	0.34	2.73
-0.27	CHPT	12.92	12.00	0.36	0.43	3.00
-0.28	CCL	10.14	9.50	0.27	0.30	2.84
-0.29	QS	9.06	8.50	0.24	0.28	2.82
-0.30	FSLY	10.70	10.00	0.25	0.67	2.50
-0.31	LUMN	10.82	10.50	0.14	0.20	1.33
-0.32	SPCE	5.81	5.50	0.19	0.21	3.45
-0.33
-0.34	AMC	11.58	11.00	0.51	0.55	4.64
-0.35	BBBY	6.80	6.50	0.24	0.29	3.69
-0.36	NEGG	4.19	4.00	0.23	0.29	5.75
-0.37	DKNG	11.89	11.50	0.47	0.51	4.09
-0.38	CHPT	12.92	12.50	0.52	0.60	4.16
-0.39	LAZR	7.73	7.50	0.32	0.37	4.27
-0.40	EDIT	10.25	10.00	0.35	0.50	3.50
-0.41	NKLA	5.63	5.50	0.27	0.33	4.91
-0.42	CCL	10.14	10.00	0.46	0.49	4.60
-0.43	RIOT	4.54	4.50	0.36	0.39	8.00
-0.44	BILI	24.19	24.00	1.16	1.25	4.83
-0.45	AMC	11.58	11.50	0.73	0.77	6.35
-0.46	SPWR	17.07	17.00	0.71	0.84	4.18
-0.47	PACB	4.01	4.00	0.15	0.55	3.75
-0.48	RAD	6.00	6.00	0.20	0.30	3.33
-0.49	DKNG	11.89	12.00	0.70	0.75	5.83
-0.50	NCLH	11.93	12.00	0.61	0.68	5.08
-0.51	BILI	24.19	24.50	1.42	1.50	5.80
-0.52	VALE	15.90	16.00	0.42	0.55	2.63
-0.53	CGC	3.41	3.50	0.27	0.33	7.71
-0.54	FCEL	3.41	3.50	0.26	0.28	7.43
-0.55	AMC	11.58	12.00	1.03	1.08	8.58
-0.56	SPCE	5.81	6.00	0.42	0.45	7.00
-0.57	BILI	24.19	25.00	1.71	1.84	6.84
-0.58	CCL	10.14	10.50	0.71	0.76	6.76
-0.59	AG	8.27	8.50	0.39	0.48	4.59
-0.60	NEGG	4.19	4.50	0.50	0.65	11.11
-0.61	CHPT	12.92	13.50	1.03	1.12	7.63
-0.62	DKNG	11.89	12.50	0.99	1.04	7.92
-0.63	SFIX	6.05	6.50	0.64	0.70	9.85
-0.64	RIOT	4.54	5.00	0.65	0.69	13.00
-0.65	AMC	11.58	12.50	1.38	1.43	11.04
-0.66	AEO	12.03	12.50	0.61	0.77	4.88
-0.67	BLNK	14.62	15.50	1.21	1.48	7.81
-0.68	BKKT	2.26	2.50	0.30	0.34	12.00
-0.69	STEM	7.39	8.00	0.80	0.90	10.00
-0.70	BBBY	6.80	7.50	0.83	1.01	11.07
-0.71	TLRY	3.20	3.50	0.36	0.39	10.29
-0.72	JMIA	6.33	7.00	0.77	0.85	11.00
-0.73	AMC	11.58	13.00	1.73	1.83	13.31
-0.74	BRCC	8.23	9.00	0.80	1.15	8.89
-0.75	QS	9.06	10.00	1.05	1.13	10.50
-0.76	LL	10.77	16.50	5.30	7.30	32.12
-0.77	NEGG	4.19	5.00	0.86	1.00	17.20
-0.78	SFIX	6.05	7.00	0.88	1.10	12.57
-0.79	AMC	11.58	13.50	2.16	2.25	16.00
-0.80	RIOT	4.54	5.50	1.04	1.08	18.91
-0.81	HUT	1.67	2.00	0.34	0.39	17.00
-0.82	CCL	10.14	11.50	1.44	1.53	12.52
-0.83	AMC	11.58	14.00	2.58	2.71	18.43
-0.84	OPEN	5.21	9.50	4.20	4.70	44.21
-0.85	LAZR	7.73	9.00	1.23	1.42	13.67
-0.86	FUBO	2.77	3.50	0.73	0.85	20.86
-0.87	CYH	4.70	17.00	11.80	13.20	69.41
-0.88	SPCE	5.81	7.00	1.17	1.25	16.71
-0.89	RIOT	4.54	6.00	1.47	1.55	24.50
-0.90	TLRY	3.20	4.00	0.80	0.89	20.00
-0.91	AMC	11.58	15.50	3.95	4.15	25.48
-0.92	AMC	11.58	16.00	4.45	4.65	27.81
-0.93	AMC	11.58	16.50	4.95	5.15	30.00
-0.94	FFIE	2.33	4.00	1.32	1.81	33.00
-0.95	AMC	11.58	18.50	6.75	7.10	36.49
-0.96	HUT	1.67	3.00	1.31	1.36	43.67
-0.97	FUBO	2.77	8.00	4.95	6.05	61.88
-0.98	BBBY	6.80	26.00	17.80	20.70	68.46
-0.99	FSLY	10.70	200.00	188.30	189.75	94.15

Quick comments:

RIOT stands out as a high income earner at the $4 strike, but CAUTION crypto-related stocks are getting hit extremely hard. This is riskier than it appears to be on the list.
AMC also appears to be a profitable choice, but is also running on meme strength.
SPCE $5 or $5.5 looks interesting to me

Top 10 list:

Symbol	Occurrences
AMC	110
SST	68
BRCC	61
VERU	58
BBBY	44
MARA	40
LABU	38
NEGG	35
NIO	30
RIOT	28

internetkings · June 13, 2022, 7:29pm

Put some contracts in for $4 @ 0.40 - lets see if I get fills

MENoir · June 13, 2022, 11:13pm

I got one fill on NEGG @ .39. The other 2 in my order never filled.

R/R at that level seems pretty good.

dibbles · June 14, 2022, 1:10am

Well gentlemen it seems we are going in on some ITM CSPs lol I hope this week finds the bottom early on.

internetkings · June 14, 2022, 12:46pm

I think this one really comes down to the market overall, with the 52 Week low @ $3.85
If the entire market dumps and “SPY” drops into 360’s / mid to low 370’s we might have a problem

dibbles · June 20, 2022, 6:28pm

Spent some time working on this concept / work in progress (hint: try clicking on a row in the table)

https://wheelvalhalla.tiiny.site/ EDIT: THIS LINK IS NO LONGER VALID

NOTE: THIS DATASET IS FROM MAY 23RD. DO NOT USE. JUST SHOWING OFF NEW FEATURES

There’ll be no need to blacklist meme tickers. Don’t like the one at the desired risk tolerance? Check out the next ten most profitable options at that level.

I think this could become a product I could sell and make some money off of at some point (monthly subscription or something), so I’m going to keep working towards that. But this only works with the “new” method of gathering data, which may not be coming back any time soon. My fallback method is too slow for this kind of thing to realistically do. Might have to bite the bullet and pay for that data subscription myself lol.

internetkings · June 20, 2022, 6:52pm

#LABU is an interesting one, on the cheaper side might look at the 4, 4.50’s or 5’s depending on how the open looks

dibbles · June 20, 2022, 6:57pm

Bruh the data used for that is a month old (May 23rd dataset). Just showing off the new feature (collapsing/expanding based on delta level), and showing next known earnings dates. Please don’t use that to make any decisions!