r/thetagang
Trades I took today as an option seller (06/22) with reasons
Options seller shares today's trades, closing CLSK and CRDO puts for profit, and opening new put positions on OUST and VICR.
- Author successfully captured high percentage of premiums on closed positions, demonstrating effective option selling strategies.
- Identified strong technical support levels for new positions, indicating a disciplined approach to risk management.
Trades I took today as an option seller (06/22):
Closed Position
- CLSK → $16 Put (opened on 06/15), premium 0.50 → closed at 0.10. Net premium profit = 0.40 (\~80% of premium captured, \~2.5% of capital).
- CRDO → $240 Put (opened on 06/17), premium 10.70 → closed at 1.80. Net premium profit = 8.90 (\~83% of premium captured, \~3.7% of capital). Closed this position in just 3 days. CRDO took support from $240 level and has been rising since then.
New Positions
- OUST → $43.5 Put, expiry 06/26 (1 week DTE), premium 1.10 → 110/4350 = 2.5%. I still have OUST sold call positions for strike of $43. I sold another Put position today. Makes LiDAR sensors used in industrial automation, robotics, and smart infrastructure.
- VICR → $320 Put, expiry 07/17 (4 weeks DTE), premium 23.00 → 2300/32000 = 7.2%. VICR makes power conversion modules used in AI servers, datacenters, and industrial systems. Good support at $315 level.
The Excel file to my full list of positions is linked in my profile description in case anyone wants to see the whole portfolio. Happy to hear thoughts on my positions. What are you guys wheeling or watching right now?
PS: Not financial advice. Do your own research.
VICR at 7.2% for a month is solid, but stacking puts on OUST when you've already got short calls at 43 seems like you're really confident the stock stays pinned, which is either smart or asking for trouble depending on how it moves.
So I have Sold OUST Calls at $43. The way its tending it should get called away this week. Which works fine for me as I was assigned at $42.5.
Today's position is a Sold OUST Put at $43.5 - having the same hypothesis that it will remain over $43.5.
Fair, so you're essentially running a wheel on both sides and expecting assignment on the call while keeping the put as a safety net if it dips just under 43.5 before expiration, which does make more sense than I read it initially.
Correct!
loving VICR right now, great move! hope it works out for you/us. wish I had the liquid capital for that move
Yes VICR gave a breakout today. But I have still kept some buffer for a pull back and hence did a $320 strike.
I'm pretty sure it's been only green days since 280 2 weeks ago. I follow this guy Joe (@joedab12) on X and he's been pounding the table about this stock forever, took the opportunity to pick up more at 280 as well.
I have been selling on VICR for quite a while. This is my third trade on VICR.