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This week was great. Almost everything recovered and drawdown dropped. I didn't expect to have time today so I made a few trades yesterday and some today. Last Week's post: [https://www.reddit.com/r/thetagang/comments/1vbttj9/1\_weekly\_returns\_from\_options\_week\_22/](https://www.reddit.com/r/thetagang/comments/1vbttj9/1_weekly_returns_from_options_week_22/)
**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:**
|Underlying|Strike ($)|Stock Price ($)|Bid ($)|Delta|Distance OTM (%)|Return (%)|
|:-|:-|:-|:-|:-|:-|:-|
|**NBIS**|$136.00|$184.33|$1.40|\-0.073|26.22%|1.03%|
|**COHR**|$285.00|$372.77|$2.90|\-0.090|23.55%|1.02%|
|**SMCI**|$24.00|$30.15|$0.25|\-0.092|20.40%|1.04%|
|**LITE**|$710.00|$890.12|$7.20|\-0.098|20.24%|1.01%|
|**HIMS**|$24.50|$30.65|$0.26|\-0.098|20.07%|1.06%|
|**AXTI**|$65.00|$85.74|$0.85|\-0.100|24.19%|1.31%|
|**CRWV**|$69.00|$86.30|$0.79|\-0.101|20.05%|1.14%|
|**AAOI**|$113.00|$141.53|$1.15|\-0.103|20.16%|1.02%|
|**RKLB**|$65.00|$79.42|$0.67|\-0.104|18.16%|1.03%|
|**ASTS**|$56.00|$68.81|$0.66|\-0.110|18.62%|1.18%|
|**SNDK**|$1,025.00|$1,223.46|$10.70|\-0.115|16.22%|1.04%|
|**BE**|$180.00|$216.52|$2.00|\-0.118|16.87%|1.11%|
|**ALAB**|$280.00|$334.78|$2.88|\-0.119|16.36%|1.03%|
|**IREN**|$32.00|$38.01|$0.36|\-0.123|15.81%|1.13%|
|**SKHY**|$117.00|$135.96|$1.25|\-0.130|13.95%|1.07%|
|**SPCX**|$107.00|$122.36|$1.09|\-0.132|12.55%|1.02%|
|**LUNR**|$12.50|$15.63|$0.15|\-0.136|20.03%|1.20%|
|**WOLF**|$25.00|$30.07|$0.31|\-0.140|16.86%|1.24%|
|**APLD**|$24.50|$28.29|$0.25|\-0.140|13.40%|1.02%|
|**USAR**|$15.50|$18.52|$0.17|\-0.143|16.31%|1.10%|
**Trades this week:**
|Symbol|Action|Premium Collected (Net Credit)|Cash Occupied|
|:-|:-|:-|:-|
|**SKHY**|Roll Short Put (BTC Aug 7 116 P / STO Aug 14 118 P)|$119.52|$11,800.00|
|**NBIS**|Roll Short Put (BTC Aug 7 136 P / STO Aug 14 146 P)|$299.03|$29,200.00|
|**IREN**|Roll Short Put (BTC Aug 7 30.5 P / STO Aug 14 31.5 P)|$31.52|$3,150.00|
|**DRAM**|Roll Short Put (BTC Aug 7 43 P / STO Aug 14 44.5 P)|$89.05|$8,900.00|
|**ASTS**|Buy to Close (BTC Aug 7 63 P)|\-$3.01|$0.00|
|**AAOI**|Roll Short Put (BTC Aug 7 62 P / STO Aug 14 113 P)|$113.52|$11,300.00|
|**RKLB**|Roll Short Put (BTC Aug 7 73 P / STO Aug 14 65 P)|$202.55|$19,500.00|
|**APLD**|Roll Short Put (BTC Aug 7 28.5 P / STO Aug 14 26.5 P)|$102.00|$7,950.00|
|**AXTI**|Sell to Open (STO Aug 14 65 P)|$98.53|$6,500.00|
|**SLV**|Assigned Short Put Position at 65.5|N/A ($0.00)|$6,550.00|
|**TOTAL**|—|**$1,052.71**|**$104,850.00**|
**Total Returns**
|Total Premium|$20,207.00|
|:-|:-|
|Current drawdown|\-$1,554.00|
|Gain/Loss from Assignment|\-$799.00|
|Total gains|$18,653.00|
|Annualized (Calc1 using average invested)|56.73%|
|Annualized (Calc2 using max invested)|37.68%|
**History**
||Week|Capital Invested|Premium Made|Return %|Notes|
|:-|:-|:-|:-|:-|:-|
|3/6|Week 1|$0.00|$0.00|0.00%||
|3/13|Week 2|$13,100.00|$131.00|1.00%||
|3/20|Week 3|$19,850.00|$203.00|1.02%||
|3/27|Week 4|$41,500.00|$596.00|1.44%||
|4/3|Week 5|$34,150.00|$353.00|1.03%||
|4/10|Week 6|$43,350.00|$462.00|1.07%||
|4/17|Week 7|$53,800.00|$573.00|1.07%||
|4/24|Week 8|$70,400.00|$811.00|1.15%||
|5/1|Week 9|$103,450.00|$1,093.00|1.06%||
|5/8|Week 10|$97,400.00|$1,040.00|1.07%||
|5/15|Week 11|$102,800.00|$1,077.00|1.05%||
|5/22|Week 12|$98,600.00|$1,170.00|1.19%||
||Week 12.5|$106,100.00|$475.00|0.45%|Bonus round|
|5/29|Week 13|$106,100.00|$1,133.00|1.07%||
||Week 13.5|$115,900.00|$336.00|0.29%|Bonus round|
|6/5|Week 14|$105,750.00|$1,053.00|1.00%||
|6/12|Week 15|$110,700.00|$1,146.00|1.04%||
|6/19|Week 16|$111,850.00|$1,105.00|0.99%||
|6/26|Week 17|$108,350.00|$1,045.00|0.96%|Got SLV 65.5 assigned|
|7/3|Week 18|$111,550.00|$1,126.00|1.01%||
|7/10|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|
|7/17|Week 20|$104,350.00|$842.00|0.81%||
|7/24|Week 21|$111,500.00|$1,148.00|1.03%|RKLB 2:3 to reduce strike|
|7/31|Week 22|$105,660.00|$1,021.00|0.97%||
||Week 22 bonus|$99,960.00|$7.00|0.01%|ASTS 2:1 to reduce exposure|
|8/7|Week 23|$104,850.00|$1,052.00|1.00%||