This week is a big one for my options portfolio—two of my open trades are heading into expiration on June 27. As someone who loves tracking every percentage point and learning from the process, here’s my honest, personal review of how things stand and what’s on my mind as the clock ticks down.
TSLL $12.5 Put (2 Sells, Expiry 6/27)
Current Price: $0.93
Performance: -9.71%
This TSLL put has been a bit of a rollercoaster. I sold two contracts at the $12.5 strike, hoping for a quick decay, but the trade is currently showing a small loss of about 9.7%. It’s not ideal, but I’ve learned to accept that not every premium sell will be a home run. With just a few days left, my main focus is on TSLL’s price action—if it stays above $12.5, I’ll walk away with the premium. If not, I’m mentally prepared to take assignment and own the shares, which could open up new covered call opportunities for me.
UNH $310 Call (1 Sell, Expiry 6/27)
Current Price: $2.18
Performance: -54.58%
Now, this UNH call is the kind of trade that makes me love selling options. I sold the $310 call, and it’s already lost more than half its value, putting me up over 54%. There’s something satisfying about watching theta work in my favor as expiration nears. Unless UNH stages a big rally above $310, I should get to keep the entire premium. I’m keeping an eye out for any last-minute volatility, but I feel good about how this one has played out.
What I’m Watching This Week
Assignment Risk: I’m ready for whatever comes—whether it’s assignment on TSLL or letting the UNH call expire worthless. I’ve learned to see assignment not as a loss, but as a new opportunity.
Time Decay: The last week before expiration is always intense. I love seeing the rapid premium decay, especially on the UNH call. It’s a reminder of why I stick with premium selling as a core strategy.
Next Moves: I’ll decide closer to Friday whether to close early and lock in profits or let both ride into expiration. Either way, I’m documenting every step for my own learning and future content.
Final Thoughts
Every options expiry week is a lesson in patience and risk management. While the TSLL put isn’t a winner (yet), the UNH call is a great example of why I keep coming back to this strategy. I’ll be sharing my final results and lessons learned—win or lose—because every trade is a step forward in my journey as a trader.
If you’re following along, let me know how your expiry week is going!
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