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I’m back for another weekly list of **BORING CSPs** I’ll be watching closely and likely selling cash-secured PUTs on. I’ll also be actively selling and managing weekly or bi-weekly CCs where assignments or rolls make sense.
Check post history for prior weeks' posts. This series follows the same rules-based framework I’ve been running and logging publicly for 29 weeks, using real capital and real risk.
The last week of the year was pretty much what you’d expect. Thin liquidity, some chop early, an environment where most participants should be focused on closing books rather than pressing risk. There was a brief risk off tone into December’s close, but overall nothing developed into sustained downside pressure, and premiums continued to compress heading into the new year.
I kept exposure light and intentional. Sold Covered calls on NVDA, HPE, and NEE, plus a small HAL CSP to stay engaged without forcing size in a holiday environment. DAL was the one name that actually tested the downside, so I took it off early at roughly 80% of max profit rather than letting it linger into expiration. No reason to get cute that late in the year.
Finished the week with $115 in premiums on $39.6k of deployed capital (about 0.29% ROC). Nothing flashy. Just steady theta, proactive risk management, and capital preserved heading into 2026. BORING, disciplined, repeatable.
Every position is fully cash-secured (no margin, no leverage). When I have the bandwidth to manage risk actively, I’ll favor shorter-dated CSPs; otherwise I stick to 30–45 DTE setups that provide flexibility if volatility persists.
If nothing meets my criteria, I simply don’t trade. The edge is in restraint.
Full trade log PDF will be in the comments and a final 2025 snapshot of system performance below for transparency.
I appreciate everyone who’s been following along week after week.... Let's do it again in 2026!
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*Mobile users: swipe left on the table to see additional metrics including Annualized Yield, Return on Capital, Probability of Profit, spread %, and more.*
### BORING CSP's (1/5 - 1/9)
| Ticker | Expiry | Strike | Δ | Premium | IV | Return | AY | PoP | Spread | Cushion | RSI | ADX | Collat |
|--------|--------|--------|-------|---------|-----|--------|-----|-----|--------|---------|-----|-----|--------|
| GOOG | 1/16 | $305 | -0.24 | $2.47 | 36 | 0.81% | 23% | 79% | 8% | 3% | 58 | 22 | $30.5k |
| DHR | 1/16 | $225 | -0.30 | $2.15 | 33 | 0.96% | 27% | 75% | 9% | 2% | 57 | 23 | $22.5k |
| MSFT | 1/9 | $465 | -0.26 | $2.32 | 29 | 0.50% | 30% | 79% | 3% | 2% | 37 | 17 | $46.5k |
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### **2025 System Snapshot (June 16 - Jan 2 (29 Weeks)**
**Premium, Capital & Returns**
- Total realized premium collected: **$21,241**
- Net P/L (realized + unrealized): **$18,643**
- Unrealized P/L: **-$2,598**
- Average weekly capital deployed: **$62,738**
- Peak capital deployed: **$151,996**
- Strategy return: **+32.51%**
- CAGR: **67.1%**
- Max drawdown: **14.0%**
- Sharpe ratio: **1.51**
**Activity & Efficiency**
- Total trades: **173**
- Expectancy: **$122.78 / trade**
- Avg days in trade (DTE): **3.8**
- Avg profit per day (PPD): **$44.56**
- Avg ROC per trade: **0.62%**
- Rolls: **0**
**Assignments (Marked to Market)**
- Total assignments: **14**
- CSP assignment rate: **12.3%**
- Unrealized assignment impact: **-$2,598**
- Current holdings from assignments: **NVDA, SMCI, HPE, NEE**
**Strategy Breakdown**
- **Cash-Secured Puts (CSP)**
- Trades: **100**
- Total P/L: **$10,815.99**
- Avg ROC: **0.60%**
- **Covered Calls (CC)**
- Trades: **59**
- Premium collected: **$6,251.23**
- Stock gains (assigned): **$4,174.00**
- Total P/L: **$10,425.23**
- Avg ROC: **0.66%**
**Benchmark Comparison (vs SPY during the same period)**
- Strategy return: **+32.51%**
- SPY buy & hold: **+13.15%**
- Alpha (outperformance): **+19.36%**