$20k in covered call premiums… and still down $20k overall
u/hoyleacl ·
Reddit — r/thetagang
· March 27, 2026 at 17:57
· ⬆ 57 pts
· 💬 22 comments
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AI Summary
Summary
Author describes personal experience earning $20k in covered call premiums while overall portfolio is down $20k in 2026.
Thesis: Selling covered calls generates income used to dollar-cost average (DCA) into core holdings during market weakness, positioning for recovery upon a rebound.
Quality assessment: Noise/speculation; personal anecdote without detailed research or data.
Score57
Comments22
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Anyone else in this weird spot right now?
So far in 2026 I’ve brought in just under $20k in option premium, mostly from selling covered calls. Sounds great on paper, except my overall portfolio is also down about $20k, so it feels like I’m running in place.
I’ve been using the premium to DCA into core holdings while the market stays weak, with the thought that if we get a rebound, I’ll recover from a higher share base. That part makes sense to me, but psychologically it still kind of sucks to see the premium income basically canceled out by portfolio losses.
Curious if anyone else is in the same boat. Are you treating covered call income as a real win in this kind of market, or does it just feel like damage control?
Edit to add context: the chart above represents my monthly options premiums that I've collected.