š§ How I Sniff Out Trades Like an Options Puppy
I call it my āOptions Puppyā methodāsimple, loyal, and it brings back money just like a puppy bringing back a stick. My strategy is all about selling put options on stocks I wouldnāt mind owning, especially in the energy sector like OKLO. I collect juicy premiums upfront and either keep that cash or get the shares at a discount. Itās a win-win game when played patiently.
With volatile energy stocks like OKLO (which plays in nuclear energy and clean tech), I find the premiums especially rewarding. The stock moves a lot, so I can sell puts for a high price, and close the trades quickly if the market swings in my favor.
āø»
šµ How I Make Money Selling Puts
When I sell a put option, Iām basically promising to buy shares at a certain strike priceāif the stock falls that low. In return, I get paid upfront.
Hereās one example straight from my trades:
⢠I sold an OKLO $50 put for $10.95 on May 23.
⢠Then I bought it back for $8.80 on May 28.
⢠I pocketed the difference: $2.15 per share, or $215 total per contract.
No shares ever changed handsāI just traded the options and made money from the shift in option price. The best part? I didnāt need to hold anything overnight. I love locking in small wins fast and moving on to the next trade.
āø»
š I Stack Premiums Like a Puppy Chasing Treats
I repeat this strategy week after week. When premiums are high, especially around earnings or market volatility, I sell puts at various strike pricesā$31, $37, $39, $50, you name it. Iāve sold and closed puts on OKLO across multiple levels and months.
Here are a few real examples:
⢠Sold the $37 strike for $3.14.
⢠Closed the $31 strike for $2.03.
⢠Snagged a nice $9.00 selling a $50 put.
Whenever I can buy back the same contract for cheaper, I take that profit and move on. Sometimes I hold a position for just a day or two. Other times, I let the time decay do its magic. Either way, the goal is the sameācollect premiums and reduce risk.
I see it as a way to generate weekly or monthly incomeājust like collecting rent from a property. Only here, I donāt need a houseāI just need discipline and a bit of patienceg
Comments