Wednesday, 24 June 2026

Last 4 months of selling Options - USD $6294.76 earned, not sure how long this will last before I get assigned

I have been selling cash secured puts the last 4 months since mid March 2026. So far, it has been profitable as we had a upwards market and so prices have been on an upward trend meaning that the cash secured puts would be safe and usually profit after a few days as prices would go up. Which translates to me being able to close it earlier at a profit and opening a new position. You can definitely see that in May, I close and opened new positions practically every week in May as the market was just hitting new highs but June, it slowed as we saw some weakness in the market. 

However, as we end June 2026 and Micron's earning is coming out later, the market has been experiencing some weakness, due to various reasons, eg Warsh not providing any forward guidance, Banks predicting some rate hikes this year, some profit taking and Korea markets experiencing quite a drawdown as we see individuals taking on leverage and dumping all their money in as their stock market experiences one of the largest growth ever mainly due to Samsung and SK Hynix

Depending on how Micron's earnings is, it could dictate the market direction too as some profit taking can be seen and it seems this earnings will help solidify the memory play that has been a base for the AI story. Well, we shall see. 

Here are my profits for the past few months, I sold CSP on various stocks and mostly on those that I don't mind having in my portfolio if assigned. 

I didn't managed to catch onto the explosive memory gains like Micron, Sandisk and other semiconductors but did managed to get some spare change from selling options. For those who bought the names that exploded and held on, congratulations! Even if I had Micron, I think I would have sold it way before it hit $1000 and I would be kicking myself. Anyway, it really takes conviction to hold on and hoping the earnings goes well later. In the meantime, I will continue to sell options and update on my journey. I am currently using about 7% of my portfolio to do these cash secured puts. I don't want this to be more than 10% so I have reinvested some of the earning back. I am mostly buying index ETFs. 

No comments:

Post a Comment