The biggest gains have come from holding stock while waiting for it to be called away. No, not leveraged. The gain from option sales is about 35% of the total profit.
57% is not good when everyone else (other than the people on this board) is making 200%. You are not even keeping up with the apes. Ignore all the comments here. Believe that 'stonks only go up' add maximum leverage.
Congrats on the great returns for this year. But if you are so confident on your strategy, I strongly recommend you to try so systematize it (come up with the set of rules that you are using to sell the puts/calls), at least approximately, and backtest it over harder periods, like march 2020 or, better, 2007/2009. For sure it won't be easy to backtest it (you need the data plus a decent backtester), but that's the only way you can be (more or less) sure this strategy won't ruin you in the future. Right now, I'm sorry to say, I'm pretty sure it will at least hit you pretty hard in the future. The FED can't print money forever.
So you are saying the biggest gains come from the stocks that you have been "put"(wrong on) and sold OTM calls against?? You sell weekly puts,when wrong, get assigned and then sell an OTM call above the initial strike of the put sold even though the stock is lower???? YIKES
As some others have pointed out, this forum can be seriously toxic when it comes to others success. Some time ago I penned it on the typical trader's alpha male mentality of winner takes all and, conversely, if someone else wins, then they must be losing. Appreciating that there can be more than one winner or that losing sometimes does not make one a loser is lost on many. The pressure to always win and always win more than everyone else is ridiculous at best and may explain why I suspect some of you are living in your man cave. Failing isn't losing, it's learning. Sometimes a strat works a few weeks, months or years then fails and a new one needs to be found that works. Sometimes the market's with you and it's easier to make money, sometimes it's a bitch and nothing seems to work. I just would rather celebrate those who are successful and encourage those who are failing.
dude pls...OPs post is like "look I'm putting 500$ each month into SPY, look how awesome I'm winning" He hasn't any edge, he has no strategy, so WTH are you defending this? Some noob will come in, think that this is worth copying and blow up his account
Two positives...The OP is trading this strategy cash secured(no leverage) and he certainly appears to be a good stock picker.. Whats interesting is his biggest gains comes from stocks that are his initial losers,not from the winners from expiring puts.
My guess is that it is more likely to get assigned if trading stocks with higher beta/volatility. Market is efficient yet again as more risk = more reward
Hes got to be to get the returns hes getting in a super low vol enviorment.. And hes selling in names which he deems fundamentally strong.. Hes cash secured and doesnt care if he owns the stocks,so its hard to really fault his strategy Interesting that the majority of his returns come from taking down the underlying and buy writing..He obviouslu rolls up or out,but the stock is lower