Finally dipped my toes into options trading on Wealthsimple, and honestly... I kind of regret not starting sooner! 😅 For the longest time, I completely avoided options. I used to hear words like "strikes," "expirations," and "premiums" and assumed it was way too complicated or just a form of gambling. But after diving in, I realized it's actually an awesome tool when used right. I started small by selling a covered call on $BMNR (Exp Oct 23, $32 strike) collecting a nice $123USD premium, which I immediately rolled right back into buying more shares. My average price on BMNR is sitting comfortably at $17.56, so keeping a small portion encumbered (~10%) while letting the rest ride feels like a true win-win setup. If it gets called away at $32, I lock in massive gains and plan to spin right back around to sell a cash-secured put at $28. If it dips, I keep my shares, keep the premium, and keep compounding. Curious how many of you use options in your Canadian brokerages? Do you run the wheel strategy too, or do you stick strictly to buy-and-hold? Let’s chat! 👇📊
I’ve been playing with options over the past few months trying to develop a strategy that works for me and I think I’ve finally cracked it. Selling 0dte credit spreads since refining my strategy and putting it into action I’ve had a 100% win rate. Here’s how much I’ve made this past week: Monday - $51 USD Tuesday - $88 USD Wednesday - $172 USD Thursday - $192 USD Friday - $118 USD Total = $621 USD ($878.41 CAD)read more
Well thanks to $ET deciding to leave NYSE, and I having no idea this was happening (but thank you to the one poster on Blossom that actually highlighted this for WS customers today) all of my options plays with them, and I have quite a few, will retire useless, and deep in the red, as of 1600hrs. The kicker, I was still stacking LEAPS on them after the announcement (looked it after reading post) and Wealthsimple let me do it. No warning while placing option, no email to inform me they will be delisting today worthless and at a complete book loss. Says alot about a company.
I don’t treat LEAPS like lottery tickets. I treat them like stock with a clock. Deep ITM High delta. It has to track the name only buy it if I’d own the stock Most people get crushed because they buy cheap calls and pray. I buy the ones that already act like equity.read more
CSP rules I actually use Strike I’d own .20-.25 Delta 30–45 DTE Cash secured before I click Assignment = the plan, not the accident Premium is a discount Not a personality. You selling puts on names you’d hold?read more
Sold a CSP on DRAM Strike price - $53 Expiry - Oct 16 Premium Secured - $305 That is a 5.7 % return in 32days if DRAM stays above $53 or if CSP gets assigned my cost will be $50
Closed my AMD $610 calls for Friday today with a nice 45.85% profit on 2 contracts. Happy to say I’m coming back from the accident I had last week that cost me $5,000 CAD. We’re up about $1,724 CAD with this newly closed position. One trade at a time, sticking to the process. Profits over greed.
The epi center of S&P volatility in my POV is $RKLB (I absolutely LOVE it, but it is not for the faint of heart 😂) $90 in January $57 in March $86 in April $150 in May $85 in June $58 in July $80 in August $73 now in September I bought at $65 in April and sold at $139 in June delivering a nice Multibagger at +112%. I then bought in again in July 100 shares with a cost avg. $75… why 100 shares ? Because it’s a very liquid stock with weekly option dates available and the volatility leads to a high IV which means high premiums for selling covered calls which have made me about $1000 while I wait over the last 3 months. I sell CC on every high beta stock I have with strike prices that are 20%-30% OTM (and ONLY if that strike guarantees 25% or more return on my original investment on top of the options premium) with 15-45 days expiry… I line up my CC sell orders for each month and my expected income on the Oct. 16th expiry will be ~$600 and Nov. 20th on track to bring in about ~$770 worth of premiums all while I wait and do pretty much nothing. I’ll be posting a how to series on options trading next week, including a mandated reading assignment 😂 But, a few disclaimers are warranted first: I believe there is a special place in hell for those who recommend options trading to beginners and I’m not going to be that guy! So, if you’ve been trading for less than 2 years maybe wait a little longer, if you’ve only done index fund investing and prefer the stress free no hassle style (which I greatly respect BTW) maybe this isn’t for you either and if you can’t stomach the volatility then it is surely not the thing for you. I’m going to share how I personally hunt down opportunities, evaluate positions, research for the right options candidates, etc. If you are still interested and not following me yet… I’d invite you to follow to keep track 🚀🚀 Not financial advice, always DYOR. read more
Opened up put LEAP contracts on NKE last week (price still hasn’t moved) anticipating a continued decline as sales continue to face pressure due to consumer tightening spending on consumer discretionary products. Open Date: 9/17/2026 Type: BTO PUT Strike: $30 Expiration: 1/21/2028 Premium: $3.35 Market anticipating a continued slide in sales on reporting after close today 🤞read more
I bought MGM LEAP puts last week, cause unlike the hidden gems of the counter cycle this one crashes hard during tough times. And today this happened and stock tanked 12% in a single day 😱😱😱 LEAP contracts: $MGM Open Date: 09/17/2026 Type: LEAP PUT Strike: $30 Expiration: 21/01/2028 Premium: $2.00 These will be flying tomorrow with 15 more months of potential decline ahead… I think things only get worse from here. I realize I didn’t post the option details when I made the purchase, but if you guys are interested in tracking those options positions please let me know and I’ll start posting on the open and close. Not financial advice DYORread more
People love SoFi so much on Blossom. Personally, I hate SOFI but I'll trade them by selling a short put. Already 👎 I need to make some money back from what they took from me last time. When I closed my position, I also closed my $STX earlier in the year that screwed me up big time. $SOFI. $STX
I honestly think deep in the money options is one of the best rules based, reactive ways to trade. Of course you should do whats best for you but this is what works for me. This post is for beginners
Earlier today, $4.7M in call flow hit $CRWV with shares near $90. Now put buyers are stepping in as the stock trades around $86.70. 📉 Oct. 23 $77 puts — 3,521 contracts, $876.7K premium 🔴 Oct. 23 $78 puts — two sweeps totaling 1,360 contracts and $376K premium 🐳 Oct. 23 $85 puts — $127.6K premium The $77 and $78 sweeps were flagged as opening and unusual. Watching whether the shift in flow continues. 👀
$NVDA: Indecisive price action, validated by high daily volume and a touch of the upper Bollinger Band. Also the gap below at 226 suggests a likely pullback, if validated, the 20DMA (222) could be the minimal destination.
Starting this year, I've made over $17k USD in realized gains from selling options and in my latest video, I'm breaking down one of the strategies I've been using: Put Credit Spreads! I'll walk you through how they work, why I trade them, a real example of opening a spread, and my personal "Sniper Strategy" for finding and managing opportunities. If you've ever been curious about put credit spreads or wanted to learn more about options trading, hopefully this video gives you a helpful starting point for your own research! As always, this is just me sharing my personal experience. Options involve risk, so make sure to do your own research and due diligence. This is not financial advice. Check out the full video here! 👇 https://www.youtube.com/watch?v=DZrvM8mdgY8 Thank you all so much for the continued support and kind messages. I really appreciate everyone who's been following along with my journey to financial freedom! ❤️read more
