Sell Put strategies, Greeks management, Rolling in practice
In February I ran four Sell Put positions at the same time, spread across GOOG and NVDA, netting $2,934 for the month. This month I started to feel the steady rhythm of the rent system — 39-day mid-term holds let Theta wipe out 96% of the NVDA option's value, and two consecutive positive months planted the seeds of a "system feeling" — and, with it, the seeds of overconfidence.
My options trading career officially began in January 2026. My very first trade — GOOG Sell Call $320 — was assigned, but I have no regrets. All three trades were winners, netting +$3,714. See what I learned in month one, why Covered Call is the best beginner strategy, and the logic behind running two Sell Put underlyings side by side to diversify risk.
Want to trade US options from Taiwan but don't know where to start? This guide walks you through broker comparisons (Firstrade / IBKR / Schwab), account opening, international wire transfers, margin math, and FX management — all from my personal experience. Includes a 30-day action plan, W-8BEN tax primer, and a multi-account "reservoir" system.
Once you understand Theta Decay, you see why options sellers collect rent every day automatically. This guide uses real trade data to introduce the three Greek brothers: Theta for time, Delta for direction, Vega for volatility. Master these three and you'll handle 80% of options-selling decisions — with a complete cheat sheet.
A 92% win rate sounds beautiful, but the other 8% can wipe out all your profits in one shot. This article shares the five iron-clad risk rules I learned from a real loss of -$16,530 — single-trade cap of 2%, cut at the line, reduce before earnings, margin below 40%, and a 72-hour cooling-off period. Includes full data and a decision framework.
When the stock drops 10% below your strike, when should you roll, and what structure should you use? This is a real-world record of a painful rolling operation.
Margin management, cutting at the break line, reducing positions before earnings, reviewing before FOMC, timing your rolls — every rule was paid for in real money.