In this piece, I’m documenting trades I’m executing in my own account and the framework behind them. It’s not advice or a recommendation — just a real-time record of how I think about risk, pricing, and optionality with my own capital.
The approach is straightforward: I sell put options on assets I’d be comfortable owning long term, at prices below where they’re currently trading.
I also use shorter-dated expiries to keep duration short and optionality high, allowing positions to be recycled in what’s known as the ‘Wheel Strategy’
If the option expires, the premium reflects compensation for taking on downside risk. If assigned, the result is ownership at an effective price below the market level at the time the trade was opened.
Below are three examples from my own account, including the strike, expiry, and position size. They’re shared for transparency and illustration only — think of this as a page from my private trading journal.
Let’s take a look.
