Month of May results

May while started off sketchy AF, ended up being good month overall. Ended the month of May up over $4,766 which was roughly a 1.89% gain for me. This is slightly below my goal of 2.00% a month. Year to day I’m up over 13.81% at $25,314 in options premium! I’m still on track to surpass my 24% yearly goal!

Last week of May

Firstly, this past week I took a lot of profit the last week of May. The market really recovered with some good green days and all the premium I put on the last few weeks really started printing! The longer DTE’s are really starting to take over and shine making things more passive in nature. Less baby’sity means more time to focus on other things. As a result, the last week of May I ended up taking of over $2,500 in profits! Top plays shown below along with the metrics for week of 05/25-05/31.

Looking forward to June!

The last week of May I really set myself up to be in a good position for June. At this point I don’t actually have anything that expires until July 02. The next expiry after that is July 16th. I don’t plan on realizing any of these expiry’s in July, they will all be taken in June at which time I will start to build out August expiry.

Being More Passive

In this paragraph, it’s all about being more passive! I have fell in love with longer DTE’s. 30-45 days and in some cases 50+ (about my limit) so far are the way to go. Theta bleeds off rather quickly on good up days. I have found myself taking profit on many things only after a few days hold. Should probably get used to letting these bake a little longer. If I take something off, I usually want to put the same ticker right back on. Do I start going out 60+ days or use the same expiry? Moreover, I have used the same expiry but with modified strike. As a result, this is not a good solution and can get you in some hurt if market or stock decides to go down.