Slow Week, Steady Gains: $338.36 Profit Recap

March 22, 2025

With the majority of my liquid capital tied up between shares of SOFI & AMD, it was difficult to deploy money for Selling Options this week.

Margin’s a good tool, but solely relying on it is a horrible strategy…

The goal of my options trading strategy is to pick up consistent wins without taking on too much risk.

Here are the trades that were taken this week:

HOOD

I sold the 34P, 40.5P, (3) 46.5C. Total profits were $80.92.

  • I had these puts opened up, but came back to the realization that HOOD is relatively cheap compared to similar companies…

  • It could absolutely drop more, but I wanted to scoop up shares so I ended up selling out of the puts early and then buying the shares and selling the Covered Call

  • Current cost basis is $45.75 for 300 shares. I plan on selling the 46.5C for next week as well - This gives me $225 in profits if the shares get called away + the premiums from selling the options.

HIMS

I sold the 32P, 39C, (2) 36.5C. Total profits were $77.68.

  • This stock’s getting heavily shorted, and is often putting up record earnings numbers. The float is sitting at 25% short, which means that 1 in 4 shares is shorted…

  • Current position is 200 shares at $36.23 average cost, I plan on adding to this if we get back under $30, but just selling Covered Calls for now.

  • It’s a relatively volatile stock, but still undervalued compared to others in the same space.

AMD

I sold (2) 120C. Total profits were $13.76.

  • AMD has been everywhere lately… From dipping into the mid 90s to trickling back up, we’ve seen it more horribly slow.

  • It’s a longer term position for me and I sell Covered Calls on it sparingly when the price makes sense and I know I won’t lose out on the share appreciation.

  • I don’t care if it’s $5 or $500… I’m putting the shares I own to work and getting something for holding onto them while this thing gets ready to take off.

  • Current position is 200 shares sitting at an average cost of $117.39. I could have averaged down, but I would have to deploy ~$10,000… I could easily use that somewhere else and get a return of $100/week. Opportunity cost with expensive stocks is something you need to seriously consider if you want cashflow from Selling Options

SOFI

I sold (5) 14C. Total profits were $4.79.

  • I have a few spare shares that aren’t tied up in Longer Dated covered calls with SOFI and I put them to work every so often.

  • Current position with this stock: 1,600 shares at a cost basis of $16.76, and 4,000 shares at a cost basis of $8.97 (3,500 are tied up in a longer dated Covered Call that expires in January of 2027)

  • This isn’t a whole lot of profit, but maybe it’ll definitely pay for my coffee this morning 😁

New Stock Positions Opened:

SOXL

I sold the 17P, 20P, 20C. Total profits were $149.45.

  • This is a new position for me, I took it on because I’m very bullish on the semi-conductor space and it looks like there was a short term bottom for this ETF.

  • I purchased 100 shares in 2 separate accounts (at a basis of $19.65 & $19.76)

  • My plan is to wheel these shares cause the premium is very juicy on these leveraged ETFs. I’m not planning on holding the shares long term, it’s just a trade to help collect the gains.

TSLL

I sold (2) 6.7P. Total profits were $1.84.

  • This trade was funny… Not a lot of profit but I found this ETF after everyone in the twitter community who was long TSLA started to complain how down bad it was — At that point I knew it was finally time to jump in

  • After realizing that it wasn’t going to hit the $6.70 price, I immediately rolled it like second nature to another Put for next week — (2) 7.5P.

  • The premiums are fairly attractive for how much capital I have to shell out, and TSLA has a lot of fear behind it causing people to sell it.

  • Always Zig when others Zag

OSCR

I sold the 13P. Total profits were $9.92.

  • OSCR has been dominating the Telehealth space for quite some time now, it’s on my radar.

  • At first I thought it would have been a crowded trade, but it’s been around for a while and it’s starting to catch a bid.

  • Rather than scale in with shares to start, I prefer to get paid to buy the stock AKA Sell Puts.

  • For now I don’t have any shares but I’ll be watching this company closely and selling puts aggressively.

Thoughts on the Market:

The major indexes are looking like Bear Flags on their Daily Charts and that can be alarming, but Jerome Powell and the Federal Reserve have let it be known that they’re not going to cut the rates just yet…

He gave us that news last week and every stock was green for the next 2 days…

I still think we’re going to head down lower, but we would have to trend up higher before making a new low.

These are, of course, just speculations—take them as you see fit.

Stay nimble, and Remember: It’s always better to stay solvent and make modest gains than to risk losing it all.