owning stocks and selling covered calls and cash secured puts
Lewes, DE and Windham, NY
Joined March 2017
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Let me tell you a little about who I am and why I'm here.
I'm not a professional trader. I'm not running a subscription. I'm just a guy who figured out a disciplined approach to generating income and building wealth through the options market, and I enjoy talking about it.
My approach is pretty straightforward. I sell cash secured puts on stocks I actually want to own at prices I'm comfortable paying. If I get assigned, I transition to selling covered calls against those shares and collect premium while I wait for price appreciation.
On higher conviction names where I want leveraged exposure without tying up full capital, I'll use LEAPS as a stock substitute and sell short-dated calls against them - the Poor Man's Covered Call.
Three strategies. One disciplined system. All centered around one idea: get paid while you wait.
A few rules I live by:
- Only sell CSPs on stocks I'd be genuinely happy to own
- Close positions at 50% profit before 50% of DTE - don't be greedy
-Know your earnings dates before you sell a single contract
- Size down in uncertainty. The next trade is always coming
- On very high conviction positions don't cover all shares
I trade across the market - tech, AI infrastructure, defense, growth names - wherever I see a setup that makes sense. Only thing I generally avoid is energy, I'm not a perma-bull or a perma-bear. I'm a premium seller looking for high IV, good technicals, and a price I'd be happy to buy at.
Why am I on X?
Honestly — the community. I've learned more from traders sharing real ideas in real time than from any book or course. I want to contribute to that. I'll share my actual setups, interesting charts, my trade updates, my wins, and yes my mistakes too. The good, the bad, and the rolled positions. I don't share every single trade or position but will give a good snapshot of what I'm in or watching.
No hype. No subscriptions. No "DM me for signals."
Just real trades, real thinking, and real conversations with people who love this stuff as much as I do.
Every once in a while I may throw in a post about travel, cycling, skiing, or food.
If that sounds like your kind of account — follow along. And if you're already selling premium, drop your setups below. I'd love to see what you're watching. 👇
@PLHstock
#options #cashsecuredputs #coveredcalls #thewheel #LEAPS #PMCC #optionsincome #tradingcommunity #stockmarket
Not financial advice.
$UBER VWAP anchored to the July low is acting as short term resistance. Over that you probably see a quick move up to the 200 day and possibly VWAP anchored to the Nov 2025 high. Over that there is A LOT of room up.
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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$SOFI just chopping between the 50 and 200 day for now. Has provided some good premium selling opportunities with that chop.
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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$AMZN ultimately I think this goes up to make new highs by the end of the year, but for now the gap ups keep getting sold.
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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$SPCX wouldn't be surprised to see this one test the two anchored VWAP levels in the coming days
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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Going to be loading the boat with $NFLX now
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Trusting my instinct and analysis in early October served me very well. No one likes to talk about it, but risk management is the key to survival in this business.
Call me crazy but I think this Russia oil deal that sent the $SPY back up near ath is a bunch of crap. Although the numbers sound extremely bigly, they are really just a drop in the barrel. The market moving on this could be a sign that the market just wants to go up, but it could just as easily be a head fake. We have a bank holiday Monday with markets open, which will likely result in a very low volume day. It would not surprise me at all to see us test the all time high and just barely make a higher high on very low volume just to see the whole thing unwind the rest of the week. I am not bearish, but I am certainly prepared to play some defense if necessary.
What does that mean? It means I stay invested in my core long term names and continue to sell covered calls on them. I will be much more selective in selling puts unless and until we see the $SPY and $QQQ truly break out over ath resistance. I am at the high end of my cash range, which is targeted to be between 15 and 40% depending on market conditions, and I do have a hedge on with $SPY 3/31/27 750P.
I am absolutely open to the idea that I could be dead wrong on all of this, and I will adjust accordingly if and when the evidence presents itself. I am not a 🐻. I'm just a cautious 🐂who is prepared to play defense if necessary.
Posted this a month ago and it helped me navigate this week and the last month with very little pain.
I am certainly not bearish and I an absolutely staying invested and will keep selling premium on my positions, but it seems like we might be in for some chop and potentially a bit of a pullback. There have been some great moves in names this week, but none of these moves are holding up. Leaders seems to be pulling back and starting to see some money rotate towards beaten down value. I am moving towards the higher end of my cash range and have put on some protection with $SPY March 750P.
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Peter Hegedus retweeted
$SPY needs to find buyers at this 760 level or that 200 day is going to start acting like a magnet.
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
Starting to see some people talk about a V shaped reversal. This is a great time to remind yourself that if we get a V shaped reversal there is no need to buy the exact bottom. Wait for that bottom to form and you will get slightly higher price but much lower risk entries. There is no need to rush in and buy the dip which might just keep dipping. Take a look at what happened in late March and early April. You miss very little upside if you wait a week or even two for better signs that the bottom is in, and you protect yourself from dips that just keep dipping. $SPY $QQQ $DIA $IWM $VIX
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For all of you who think AI and data centers are going to go away because of the midterms. Some good, rational, factual information here.
The governor-elect of Texas, Gina Hinojosa, has explicitly said that all currently permitted datacenters in Texas will be allowed to finish construction. This essentially covers all of the 2027 and likely well into 2028.
She is going to pass laws that ensure that all *newly* permitted datacenters going forward for delivery in 2028/2029 will pay taxes, commit to no increase in power prices for consumers, don’t impact water availability for people, be constructed with union labor and give “Texans a seat at the table.”
Sounds reasonable. She doesn’t want to lose a lot of good blue collar jobs and property taxes for small towns in rural Texas.
Datacenter commentary starts at 6:30 in this interview.
Also attaching her official campaign position from her website in the next post.
Sidenote: After watching a bunch of her speeches and interviews, I do think she is a political talent and probably has a future in national politics.
youtu.be/D-T6H3b8ZeE?is=mEWu…
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This week has been a good week to be a premium seller with a diversified portfolio. Naysayers will talk about capping your upside, but options selling gets you consistent income all of the time. When volatility spikes it gets you much bigger income which helps to soften the blow of long term positions pulling back. $VIX
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$SPY well we didn't quite tag the 200 day, but we did get into my circle. I think a 200 day test would be very healthy and will tell us a lot about what we have in store for the rest of the year.
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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$AMZN these last 5 days of price action are some of the craziest I've seen for a large cap like this
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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Sorry guys - I took profit on the last piece of my $SPY puts hedge up 77%. This means we prolly go lower.
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$SPY I still think a test of the 200 day would be ideal here and would tell us a lot about this market
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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$SOFI if this can deal with the 200 day we could see a very quick, bigger move up.
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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$NVO went right up to VWAP anchored to the March low and left a large upper wick. Lots more repair needed here, but today was a nice step in the right direction.
Check out this chart I made with @TrendSpider share.trendspider.com/chart/…
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