1% Weekly Returns from Options Week 25

Enough-Beginning3687 · 2026-08-21T15:32:48+00:00

=== SUMMARY === - The author is documenting Week 25 of a systematic options selling strategy that targets a 1% weekly return on capital. - The strategy relies on an AI screener to identify high implied volatility (IV), low delta (~0.10 to 0.16) options, primarily selling out-of-the-money (OTM) puts and rolling them to manage assignment risk. - Quality assessment: This is a mechanical trading log and strategy update rather than fundamental due diligence. It provides good insight into a systematic theta-decay strategy. === SENTIMENT === NEUTRAL === TRADE IDEAS === RKLB - NEUTRAL | confidence: 0.85 | sentiment: +0.30 Speaker: u/Enough-Beginning3687 Thesis: 1. THE FACT: The author rolled their short 74 Puts to 69 Puts (increasing quantity from 2 to 3) for a net credit, expiring Aug 28. 2. THE BRIDGE: The underlying exhibits high enough implied volatility to allow rolling down the strike price while still collecting a net credit and targeting a 1% weekly yield. 3. THE VERDICT: Sell low-delta OTM puts on RKLB to capture theta decay and high IV premiums. 4. RISKS: A sharp decline in the underlying stock price below the short strike could result in assignment and capital drawdown. Timeframe: short-term Key Points: - Rolled short puts down to reduce strike risk. - Increased contract size to maintain net credit. - Targets ~1% weekly return via theta decay. - Relies on low delta (~0.15) to minimize directional risk. NBIS - NEUTRAL | confidence: 0.85 | sentiment: +0.30 Speaker: u/Enough-Beginning3687 Thesis: 1. THE FACT: NBIS appeared on the AI screener with 96.3% IV and the author rolled a short 225 Put down to two 205 Puts for a net credit. 2. THE BRIDGE: The elevated IV allows the seller to lower their cost basis/strike risk while still generating significant premium ($441.57 collected). 3. THE VERDICT: Sell OTM puts on NBIS to capitalize on elevated options premiums. 4. RISKS: The stock was noted as being "slightly ITM" previously; continued downward momentum could force

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Summary

The author is documenting Week 25 of a systematic options selling strategy that targets a 1% weekly return on capital.
The strategy relies on an AI screener to identify high implied volatility (IV), low delta (~0.10 to 0.16) options, primarily selling out-of-the-money (OTM) puts and rolling them to manage assignment risk.
Quality assessment: This is a mechanical trading log and strategy update rather than fundamental due diligence. It provides good insight into a systematic theta-decay strategy.

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This week RKLB and NBIS were slightly ITM. Everything else was in good shape to close or roll. Last week's post: [https://www.reddit.com/r/thetagang/comments/1vne1h0/1\_weekly\_returns\_from\_options\_week\_24/](https://www.reddit.com/r/thetagang/comments/1vne1h0/1_weekly_returns_from_options_week_24/)

**First, the strategy:**  
\- Use an AI 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.

**Results:**

|Total Premium|$22,158.00|
|:-|:-|
|Current drawdown|\-$1,948.00|
|Gain/Loss from Assignment|\-$266.00|
|Total gains|$20,210.00|
|Annualized (Calc1 using average invested)|55.33%|
|Annualized (Calc2 using max invested)|37.43%|

**This morning's screener output:**

|Underlying|Stock Price|Strike|Distance OTM|Delta|Bid / Ask|Return (Bid/Strike)|IV|Open Interest|
|:-|:-|:-|:-|:-|:-|:-|:-|:-|
|**IREN**|$41.22|$33.00|19.94%|\-0.096|$0.33 / $0.41|1.00%|132.9%|997|
|**MRNA**|$152.48|$120.00|21.30%|\-0.097|$1.40 / $1.65|1.17%|144.7%|1,066|
|**MRVL**|$236.35|$200.00|15.38%|\-0.117|$2.09 / $2.27|1.05%|108.7%|2,523|
|**ASST**|$17.85|$15.00|15.97%|\-0.124|$0.17 / $0.22|1.13%|117.3%|88|
|**AXTI**|$69.84|$58.00|16.95%|\-0.127|$0.65 / $1.05|1.12%|128.1%|144|
|**NBIS**|$221.67|$192.50|13.16%|\-0.129|$1.97 / $2.10|1.02%|96.3%|152|
|**OKTA**|$135.01|$113.00|16.30%|\-0.130|$1.23 / $2.03|1.09%|124.0%|3|
|**AFRM**|$75.66|$65.00|14.09%|\-0.133|$0.70 / $0.88|1.08%|105.8%|164|
|**AAOI**|$123.78|$106.00|14.36%|\-0.134|$1.10 / $1.60|1.04%|108.9%|39|
|**UMAC**|$27.00|$23.00|14.81%|\-0.137|$0.25 / $0.40|1.09%|114.5%|68|
|**CIFR**|$15.62|$13.50|13.57%|\-0.147|$0.18 / $0.20|1.33%|108.6%|134|
|**KSS**|$17.63|$15.00|14.92%|\-0.149|$0.20 / $0.30|1.33%|122.7%|442|
|**LUNR**|$18.28|$16.00|12.47%|\-0.150|$0.18 / $0.25|1.13%|100.2%|269|
|**S**|$20.86|$18.00|13.71%|\-0.150|$0.20 / $0.35|1.11%|111.8%|43|
|**CRWD**|$190.40|$170.00|10.71%|\-0.151|$1.70 / $2.00|1.00%|84.7%|792|
|**CRCL**|$88.95|$79.00|11.19%|\-0.152|$0.85 / $1.00|1.08%|89.3%|315|
|**SNDK**|$1,593.61|$1,425.00|10.58%|\-0.152|$14.90 / $16.10|1.05%|84.0%|67|
|**MSTR**|$119.95|$107.00|10.80%|\-0.153|$1.13 / $1.27|1.06%|86.0%|4,337|
|**CLSK**|$11.85|$10.50|11.39%|\-0.155|$0.12 / $0.14|1.14%|92.2%|956|
|**SLS**|$14.20|$12.00|15.49%|\-0.161|$0.15 / $0.35|1.25%|136.4%|354|

**Today's Trades:**

|Symbol|Action Details|Premium Collected (Net Credit)|Cash Occupied|
|:-|:-|:-|:-|
|**SLV**|BTC 1x Short 66 C, STO 1x Aug 28 66 C|$61.52|$6,550.00|
|**SKHY**|BTC 1x Short 144 P|\-$3.01|$0.00|
|**RKLB**|BTC 2x Short 74 P, STO 3x Aug 28 69 P|$152.65|$20,700.00|
|**NBIS**|BTC 1x Short 225 P, STO 2x Aug 28 205 P|$441.57|$41,000.00|
|**IREN**|BTC 1x Short 41 P, STO 1x Aug 28 35.5 P|$36.52|$3,550.00|
|**DRAM**|BTC 2x Short 51 P, STO 1x Aug 28 53 P|$52.97|$5,300.00|
|**AXTI**|BTC 1x Short 62 P, STO 1x Aug 28 60 P|$74.52|$6,000.00|
|**APLD**|BTC 2x Short 27.5 P, STO 2x Aug 28 26 P|$63.05|$5,200.00|
|**AAOI**|BTC 1x Short 116 P, STO 1x Aug 28 110 P|$117.52|$11,000.00|
|**TOTAL**|—|**$997.31**|**$99,300.00**|

**Historical Performance:**

||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%||
|8/14|Week 24|$95,850.00|$954.00|1.00%||
|8/21|Week 25|$99,300.00|$997.00|1.00%|RKLB 2:3 and NBIS 1:2|

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