Opened a new wheel position today.

Sold 1x SPCX $95 put expiring Sept. 18 for $540 in premium.

At 44 DTE, that works out to roughly a 47% annualized return. The strike is at a level I’d be happy owning if assigned, so I’m comfortable collecting the premium while I wait.

Anyone else opening new wheel positions this week?

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3 Comments

Curt

@myrs245 · 14d

Spacex at $95/share would have a price to sales of around 75x. I would be worried it will be in the 70s a month from now

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