u/bradley-g2 ·
Reddit — r/thetagang
· July 28, 2026 at 01:09
· ⬆ 22 pts
· 💬 18 comments
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I have successfully sold CSPs and CCs over the years (including getting my shares called away right above the strike price within the dollar). But I also have made some mistakes in retrospect:
**In play and in danger:**
* MU CSP - 700 strike, Nov 20 expiry. Sold for 60.00, currently at 77.70.
* MU CSP - 1080 strike, July 29 expiry. Sold for 101.00, rolled sideways once already for an additional 17.36. Currently at \~182. I will roll this down and out because it's not recovering as much as I had hoped. I prefer to be out of this because I don't want to own up to 200 shares of MU.
* SPCX CSP - 150 strike, Aug 21 expiry. Sold for 12.50, currently at 41.60. Hoping for recovery by earnings. I don't want to own this anymore.
* HOOD CSP - 125 strike, Nov 20 expiry. I've been rolling this since last year, rolled multiple times, determined not to get assigned.
**In play but not in danger yet:**
* APH, MRVL, COHR CSPs are expiring Nov 20. I'd be fine owning these if assigned. I'm interested in robotics and AI infrastructure suppliers.
**Assigned over the years and now holding below cost basis (mostly):**
* TSLA - 550 shares (up to 1100 shares at one point, let go via manual sales or CCs) since 2022. (This one is still above cost basis)
* RH - 100 shares
* DUOL - 100 shares
* FOUR - 200 shares
* AMC - 1100 shares assigned at $25 (premium was massive back then, didn't take profits while up and ended up with a bag)
It's not all fun and sunshine. Sometimes you end up with stocks that don't recover even if you want to own them.
I mainly sell SPX options now. It's simpler, it's more profitable, it has better tax treatment, it's cash settled, I have one chart to watch, and I understand it more than individual stocks.