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This week was one more where don't panic on Wednesday paid off. Made slightly under 1% premium thanks to SLV and RKLB but got close. Last Week's post: [https://www.reddit.com/r/thetagang/comments/1v5g2z1/1\_weekly\_returns\_from\_options\_week\_21/](https://www.reddit.com/r/thetagang/comments/1v5g2z1/1_weekly_returns_from_options_week_21/)
**First, the strategy:**
\- Use a screener to give me a list of top 20 low delta options for next week
\- I either
\- a. Roll my current options - I do this if I can still get 1% for rolling or if the option is ATM/ITM and I have to roll. I always roll for credit.
\- b. Close a current option and pick something else from the list that I like
\- I try to do this every Friday. However, if I'm busy on Fridays, I'll sometimes do this on Thursdays.
**Screener Output Earlier Today**
# Top 20 Lowest-Risk Put Options (Expiring August 7, 2026)
|Stock Symbol|Stock Price|Strike Price|Premium (Bid)|Distance OTM %|Return %|Delta|Expiration|
|:-|:-|:-|:-|:-|:-|:-|:-|
|**AAOI**|$97.73|$65.00|$0.65|33.49%|1.00%|\-0.0576|2026-08-07|
|**SNDK**|$1,391.52|$940.00|$9.40|32.45%|1.00%|\-0.0576|2026-08-07|
|**ALAB**|$329.51|$240.00|$2.40|27.16%|1.00%|\-0.0780|2026-08-07|
|**NBIS**|$201.25|$150.00|$1.56|25.47%|1.04%|\-0.0784|2026-08-07|
|**SPCX**|$112.49|$87.00|$0.95|22.66%|1.09%|\-0.0866|2026-08-07|
|**SKHY**|$161.84|$125.00|$1.35|22.76%|1.08%|\-0.0867|2026-08-07|
|**IREN**|$39.43|$30.00|$0.32|23.92%|1.07%|\-0.0881|2026-08-07|
|**WDC**|$578.88|$452.50|$4.80|21.83%|1.06%|\-0.0921|2026-08-07|
|**BE**|$218.64|$170.00|$2.26|22.25%|1.33%|\-0.1022|2026-08-07|
|**APP**|$389.87|$317.50|$3.20|18.56%|1.01%|\-0.1075|2026-08-07|
|**MU**|$925.50|$770.00|$8.30|16.80%|1.08%|\-0.1125|2026-08-07|
|**HUT**|$114.34|$92.00|$1.01|19.54%|1.10%|\-0.1147|2026-08-07|
|**PLTR**|$122.23|$104.00|$1.05|14.91%|1.01%|\-0.1162|2026-08-07|
|**AXTI**|$59.39|$45.00|$0.60|24.23%|1.33%|\-0.1178|2026-08-07|
|**ARM**|$259.65|$220.00|$2.20|15.27%|1.00%|\-0.1181|2026-08-07|
|**CRCL**|$61.69|$51.00|$0.60|17.33%|1.18%|\-0.1188|2026-08-07|
|**MRVL**|$198.92|$167.50|$1.80|15.80%|1.07%|\-0.1192|2026-08-07|
|**WULF**|$18.65|$15.00|$0.18|19.57%|1.20%|\-0.1211|2026-08-07|
|**CIFR**|$23.05|$18.00|$0.25|21.91%|1.39%|\-0.1226|2026-08-07|
|**LITE**|$766.76|$637.50|$6.60|16.86%|1.04%|\-0.1245|2026-08-07|
**Trades Placed Today**
|Symbol|Action|Premium Collected|Cash Occupied|
|:-|:-|:-|:-|
|SLV|Rolled 1x Jul 31 66 to 1x Aug 14 66 call|$6.66|$6,550.00|
|SKHY|Rolled 1x Jul 31 121 to 1x Aug 7 116 put|$124.52|$11,600.00|
|NBIS|Rolled 2x Jul 31 130 to 2x Aug 7 136 put|$273.03|$27,200.00|
|IREN|Rolled 1x Jul 31 35 to 1x Aug 7 30.5 put|$30.52|$3,050.00|
|DRAM|Rolled 2x Jul 31 44 to 2x Aug 7 43 put|$93.05|$8,600.00|
|APLD|Rolled 3x Jul 31 29.5 to 3x Aug 7 28.5 put|$90.16|$8,550.00|
|RKLB|Rolled 3x Jul 31 73 to 3x Aug 7 73 put|$246.12|$21,900.00|
|ASTS|Rolled 2x Jul 31 62 to 2x Aug 7 60 put|$88.10|$12,000.00|
|AAOI|Rolled 1x Jul 31 79 to 1x Aug 7 62 put|$69.52|$6,200.00|
|**TOTAL**|**All Executed Trades**|**$1,021.68**|**$105,650.00**|
**Returns**
Total Premium: $19,148.00
Current drawdown: -$5,385.00
Gain/Loss from Assignment: -$1,351.00
Total gains: $13,763.00
Annualized (Calc1 using average invested): 37.38%
Annualized (Calc2 using max invested): 25.49%
**Prior Week Data**
||Week|Capital Invested|Premium Made|Return %|Notes|
|:-|:-|:-|:-|:-|:-|
|3/2|Week 1|$0.00|$0.00|0.00%||
|3/9|Week 2|$13,100.00|$131.00|1.00%||
|3/16|Week 3|$19,850.00|$203.00|1.02%||
|3/23|Week 4|$41,500.00|$596.00|1.44%||
|3/30|Week 5|$34,150.00|$353.00|1.03%||
|4/6|Week 6|$43,350.00|$462.00|1.07%||
|4/13|Week 7|$53,800.00|$573.00|1.07%||
|4/20|Week 8|$70,400.00|$811.00|1.15%||
|4/27|Week 9|$103,450.00|$1,093.00|1.06%||
|5/4|Week 10|$97,400.00|$1,040.00|1.07%||
|5/11|Week 11|$102,800.00|$1,077.00|1.05%||
|5/18|Week 12|$98,600.00|$1,170.00|1.19%||
||Week 12.5|$106,100.00|$475.00|0.45%|Bonus round|
|5/25|Week 13|$106,100.00|$1,133.00|1.07%||
||Week 13.5|$115,900.00|$336.00|0.29%|Bonus round|
|6/1|Week 14|$105,750.00|$1,053.00|1.00%||
|6/8|Week 15|$110,700.00|$1,146.00|1.04%||
|6/15|Week 16|$111,850.00|$1,105.00|0.99%||
|6/22|Week 17|$108,350.00|$1,045.00|0.96%|Got SLV 65.5 assigned|
|6/29|Week 18|$111,550.00|$1,126.00|1.01%||
|7/6|Week 19|$102,850.00|$1,111.00|1.08%||
||Week 19 Bonus|$108,550.00|$98.00|0.09%|APLD 1:3 to avoid assignment|
|7/13|Week 20|$104,350.00|$842.00|0.81%||
|7/20|Week 21|$111,500.00|$1,148.00|1.03%|RKLB 2:3 to reduce strike|
|7/27|Week 22|$105,660.00|$1,021.00|0.97%||