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[this is a sequel of this post i've made 2 years ago when i was a few months in.](https://www.reddit.com/r/thetagang/comments/1dlxpgz/my_first_3_months_of_option_selling_seeking/)
Then I was soooo naive and convinced I had it all figured out, that I was the next medalion found.
Reality check came soon after, TLDR since i started in 2024 till half of 2025 i went from +30% on deposits to -20% on deposits.
>Congrats regard, how did you fuck so this bad?
There are a few reasons:
* OVERSIZING: used way more margin that I should have, a few times I was getting assigned on shares for up to x2/x3 the value of my account, getting to that level of leverage fucks with your mind, you are not lucid, you panic easily and most of times ends up missmanaging the position and end up in a loss.
* GREEDMAXXING: since the capital was pretty small at the time (around 10k + around 1k deposit every month), premiums were small, greed kicked in and the oversizing + chasig high premium combo made for some amazing clusterfucks.
* NOT STICKING TO MY OWN RULES: I was ment to sell options only on stock that I would buy and hold anyway, which I did for most of the time, the times when I deviated from this rules often meant a badly managed position and a loss
So in half of 2025 I realized that it all had to change, because I was borderline just gambling.
I lowered a lot the usage of margin to the point of not using it 95% of the time, and when used, never going to more that X1.5 leverage.
This alone made the most difference, cause most of my missmanagement came from a oversized position that made me panic and missmanage it.
I started to use more the 30-45dte, rather than the 7dte i was using before, i still use them, but they are not the 100% of my option as before.
I also started using covered strangle once assigned on csp and/or naked strangle with a buy order at the strike price of the call (riskier, but with correct sizing, those are risk that I can now take without then panicing and missmanage).
Meanwhile I kept depositing every month, so now i've way more capital than before, this means that every month I can sell a bit more premium than the month before since I have more cash to cover the position from deposit + premium sold the previuos month.
>Ok, nice yap, but how are you doing now?
From half of 2025 to this day i went from -3k€ on deposit to +4k€ on deposit, so a +7K€, on current deposit, it's a +20%.
>ok, congrats on recoreving you losses and making some gain, but all that is useless if you didn't even beat the market
Fair enought, but It's my first full years of not making clusterfucks and making consistent gains with option selling, I will declare it a failure if in a few years i'm still not beating it.
[link to the excel with all trades and summary table](https://docs.google.com/spreadsheets/d/1sabwHOrPWMMU9EoPuj8sS_PPdcDi8ANLH0bVe-av98c/edit?usp=sharing)
**Same as when I started, I'm still open to suggestion and feedbacks.**
TLDR:
regard realized that he was being greedy and overlavareged, so he stopped and for now is doing good.