Hey fellow coverds! 

Over the past 181 days (May 5 - Nov 1), I’ve been running a wheel strategy focused on covered calls and cash-secured puts, using the premium collected to fund small out-of-the-money directional bets.

Overall Performance:
	•	Total NAV: $133,083.52
	•	Total Change: +$58,397.21 (with some withdrawals) 
	•	Time-Weighted Return: 89.28%

Options Selling Strategy:
	•	Total Premiums Collected: $41,130.23
	•	Trades: 128 opened / 119 closed
	•	Average Premium per Trade: $358
	•	Weekly ROI: 0.80%
	•	Average Weekly Capital Deployed: $58,020
	•	Capital at Risk currently: $214,825

Annual Performance:
	•	Earned: $41,130 vs Goal: $26,000
	•	Delta: +$15,130 (158% of goal)
	•	Current Weekly Income: $1,591
	•	Rolling 4-week Average: $121,541
	•	Since Start Total: $82,942

Current Strategy:
	•	13 active assignments at 10.2% assignment rate
	•	This week: $1,073 from 3 trades

Top Income Contributors (YTD):
	1.	GDX: $16,013
	2.	URA: $6,203

The premium income from the wheel strategy provides consistent cash flow while allowing me to take calculated risks on smaller directional plays. The key has been maintaining disciplined position sizing and not getting too greedy on strikes.

Happy to answer questions about the strategy!

6 months of covered calls + CSPs, funding small OTM bets