Some people have asked me if this strategy works just as well on larger accounts. I can say from several years of experience that it does work just as well on a larger account. In fact there are some things about the process that make things easier having a larger account to work with.

One of the main advantages is that you have a lot more tickers to choose from as you aren’t as limited by price. With a relatively small account we’re mostly limited to lower priced tickers without having to make the position sizes too large. I still keep my position sizing small in relation to the size of the account. In fact, I tend to keep the position size smaller percent wise with a larger account. You do end up having more open positions at once, but it does spread the risk out more.

The target premium can still be the same. Of course the dollar amount of the weekly premiums will be higher with a larger account, but you can still have the same percent target for your weekly goal. So for example if you allocate $100,000 to the strategy, your weekly premium target would start out at $700. If you are allocating $500,000, then you would start out with a target of $3,500 per week.

Another thing that I notice when working with a larger account is that because I have more positions open at once I tend to do some monthly positions rather than all weekly positions. I feel like having a smaller amount to work with, I’m not comfortable tying up money for a whole month at once. A lot more can happen with the market over that length of time than the typical 11 DTE that I usually aim for.

Here are some example trades that I placed in the past in my main account to give you some examples:

• CONL – On 11/17 I sold $20.50 strike puts expiring on 11/28 (11 DTE) for a $1.70 credit (8.25% return)
• ROBN – On 10/20 I sold $95 strike puts expiring on 11/21 (32 DTE) for a $14.30 credit (15.04% return)
• NAIL – On 11/3 I sold $55 strike puts expiring on 11/14 (11 DTE) for a $3 credit (5.44% return)

Week 31 Results

I started the week with the following positions:

• TSLL call expiring 11/28 with a strike price of $20
• CLSK put expiring 11/28 with a strike price of $10
• 100 shares each of HIVE, QUBT, SPCE & TSLL

So to start the week I sold new calls on my QUBT and SPCE shares. I sold a $4 strike call on my SPCE shares expiring 12/5 (11 DTE) for a premium of $$4. I also sold a $16 strike call on my QUBT shares expiring 12/19 (25 DTE) for a premium of $15. I had to go further out in time for the QUBT call to get any decent premium because the share price had dropped so far below the price I bought the shares at.

The share price of HIVE was too low to really get anything for selling calls at the price I bought the shares for. So I sold two new put contracts on HIVE with a strike price of $3 expiring 12/5 (11 DTE). For these I was able to collect $20 per contract. This way if I do get assigned on the new puts I will have a much lower average cost to be able to sell calls on all of the shares.

By Friday the share price of CLSK had gone up significantly so I was able to let my CLSK put expire. I decided to roll my TSLL call out another week to be able to reach my target premium for the week. For this I was able to collect an additional $32 for the roll. Here are all of my trades for the months of October and November:

Summary

For the week I collected a total of $90.76 in net premiums. My target for week 31 is $86.29. Total premiums collected for the first 31 weeks is $2,664.36 and my target for the first 31 weeks is $2,414.05.

My overall account value is up some compared to last week as the market is up overall. Hopefully things continue in the upward trend for next week.

How to Generate Consistent Returns Through Options Trading