Options Trading Update: My Open and Closed Trades (May 28, 2025)

 As we approach the end of May, I wanted to share a transparent update on my latest options trades—what’s closed, what’s still open, and the lessons I’m learning along the way. My focus remains on generating steady income with cash-secured puts, while occasionally taking a speculative shot with a long call. Here’s how things are shaping up this week.

---

Closed Trade: TSLL Put

Trade Details:

• Ticker: TSLL (Direxion Daily TSLA Bull 1.5X Shares)

• Type: Sold Put

• Strike: $13.5

• Contracts: 3

• Opened: 5/21/2025

• Closed: 5/27/2025 (early, before expiration)

• Premium Collected: $0.54 per share

• Closed at: $0.09 per share

• Fee: $0.01

• Collateral Used: $4,050

• Net Profit: $135.95

• Days Held: 6

• Return on Collateral: 3.36%

• Annualized Return: 204.21%

What Worked:
I closed this trade early to lock in profits and free up capital for new opportunities. The underlying stayed well above my strike, and volatility worked in my favor. This is a textbook example of how taking profits early can boost your annualized returns and reduce risk.

---

Open Trades

1. CRWV Put

• Ticker: CRWV (CoreWeave, Inc.)

• Type: Sold Put

• Strike: $104

• Contracts: 1

• Opened: 5/27/2025

• Expiration: 5/30/2025

• Premium Collected: $2.30 per share

• Fee: $0.08

• Collateral Used: $10,400

• Potential Net Profit: $229.92

• Days to Expiry: 3

• Return on Collateral: 2.21%

• Annualized Return: 269.20%

Outlook:
CRWV has been extremely volatile, but remains well above my strike. If the price holds, I’ll keep the full premium. I’m monitoring closely for any sharp pullbacks.

---

2. NVDL Put

• Ticker: NVDL (GraniteShares 2x Long NVDA Daily ETF)

• Type: Sold Put

• Strike: $48

• Contracts: 1

• Opened: 5/27/2025

• Expiration: 5/30/2025

• Premium Collected: $1.56 per share

• Fee: $0.08

• Collateral Used: $4,800

• Potential Net Profit: $155.92

• Days to Expiry: 3

• Return on Collateral: 3.25%

• Annualized Return: 395.83%

Outlook:
NVDL is trading well above my strike, so barring any major reversal, this put should expire worthless and I’ll keep the premium.

---

3. MSTX Put

• Ticker: MSTX

• Type: Sold Put

• Strike: $30.5

• Contracts: 1

• Opened: 5/28/2025

• Expiration: 6/6/2025

• Premium Collected: $1.06 per share

• Fee: $0.08

• Collateral Used: $3,050

• Potential Net Profit: $105.92

• Days to Expiry: 9

• Return on Collateral: 3.47%

• Annualized Return: 140.70%

Outlook:
Just opened this position. I’ll be watching for any movement in MSTX, but the risk/reward looks attractive.

---

4. NVDL Call (Long)

• Ticker: NVDL

• Type: Bought Call

• Strike: $71

• Contracts: 1

• Opened: 5/28/2025

• Expiration: 5/30/2025

• Premium Paid: $0.20 per share

• Fee: $0.08

• Total Cost: $20.08

Outlook:
This is a speculative play. NVDL would need a big move above $71 to be profitable by expiration. Risk is limited to the premium paid.