r/CashSecuredPuts
Trades for May 11, 2026
Closed out KTOS for another profitable wheel trade and let the INTC $99 put expire worthless for full premium capture.
Opened two new positions today:
- INTC $116 Put
- SLV $76.5 Put
Currently running 5 open positions while continuing to rotate capital into new premium opportunities.
YTD income now over $8.2K.
Slow, systematic progress.
Not financial advice. Just documenting the journey. The image is created from my excel charts and trades.
u/Efficient-Editor-242 — 2 days ago
How do you come to terms with making money on CSP's but missing out on the upside of the ticker you essentially been chasing. For me I do CSP's on tickers I want a little discount on and want to own but dang they keep running away from me! Anyone experience this or track this metric?? The tickers that ran away from me I have small positions in and been trying to use csp's to get in at a discount but they just keep running!
u/DenseCompetition1385 — 7 days ago
Trades May 08, 2026
Closed my KTOS $57 put today and locked in another profitable wheel trade.
No new positions opened — currently managing 4 open positions across INTC, HOOD, and JEPI.
Small consistent wins continue adding up.
YTD income now above $8.1K.
Sticking to the system and keeping the wheel turning.
Not financial advice. Just documenting the journey.
u/Efficient-Editor-242 — 5 days ago
Another good week.
Closed out INTC positions early and locked in gains, plus an IREN expiration for full premium. Rolled capital right back into new puts on INTC and KTOS.
Staying consistent, taking what the market gives, and redeploying weekly.
YTD income now over $8K and climbing.
System > emotions.
Not financial advice. Just documenting the journey.
u/Efficient-Editor-242 — 9 days ago
Was looking at a META Jun 5 $480/$475 put credit spread at $0.19 credit ($19 total). Never placed it, just exploring. Buying power reduction would be $481.
Max profit $19, max loss $481 — 25:1 risk against me.
Main goal is passive income on a margin account — something low stress, doesn’t need constant babysitting, and won’t blow up if I’m not watching every minute.
Trying to understand if this even makes sense:
• Is this ratio normal for credit spreads or are these just bad strikes?
• What % of spread width should you collect before it’s worth putting on?
• For passive income on margin — is this even the right strategy or am I looking at the wrong thing entirely?
• Is defined risk (spreads) always the move for beginners or are there better starting points?
• How do you size positions so one bad trade doesn’t wreck the account?
• If you trade META options regularly — what’s your typical setup? DTE, delta, spread width?
Never placed it, just learning. Looking for something I can set up, not stress about, and collect steady. Drop your setups if you’re open to it. No tripping, just curious 😅
u/Big_Worker_2006 — 11 days ago
Opened a new INTC put today and added to overall exposure.
Now running 5 open positions across puts and covered calls with near-term expirations coming up this week.
No closes — just continuing to stack premium and manage positions.
Staying consistent and letting the system play out.
YTD holding above $8K.
u/Efficient-Editor-242 — 8 days ago
Trades I took today as a systematic option seller (04/30):
Closed Position
- SEI → $60 Put (opened on 04/17), premium 4.20 → closed at 0.65. Net premium profit = 3.55 (~85% of premium captured, ~6% of capital).
New Positions
- CRDO → $155 Put, expiry 05/08 (1 week DTE), premium 3.90 → 390/15500 = ~2.5%. CRDO designs high speed connectivity hardware that enables data transfer for AI. Good support at $155.
Happy to hear your opinions on my trades! Sharing is improving knowledge. Also curious - what are you guys wheeling or watching right now?
PS: Not financial advice. Do your own research!
u/ThetaHedge — 13 days ago