As July closes, I’m managing five key options positions expiring this week — a mix of covered calls and cash-secured puts that generate steady premium income with defined risk.
Let’s review each trade’s status, returns, and what I’m watching as expiration approaches.
📌 1. UNH $312.50 Covered Call
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Expiration: 08/01/2025
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Premium Collected: $8.70 ($870 total)
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Stock Price: $281.50
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Unrealized Option Gain: +$610.00 (+70.11%)
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Breakeven (with premium): $321.20
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Status: Deep out-of-the-money; likely to expire worthless.
This trade perfectly showcases premium income with low assignment risk. If UNH stays below $312.50, I keep the premium and retain shares.
📌 2. RDDT $130 Put
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Expiration: 08/01/2025
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Premium Collected: $6.70 ($670 total)
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Stock Price: $149.86
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Unrealized Gain: +$433.00 (+64.63%)
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Breakeven: $123.30
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Status: Well above breakeven; strong odds of expiring worthless.
With RDDT comfortably above strike, I’m letting time decay do the heavy lifting here.
📌 3. TSLL $10.50 Puts (5 contracts)
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Expiration: 08/01/2025
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Average Credit: $0.34 ($170 total)
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Stock Price: $11.37
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Unrealized Gain: +$60.00 (+35.29%)
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Breakeven: $10.16
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Status: Safe cushion; watching volatility.
The position is well-positioned but I’ll keep an eye on price action to decide on early close or rolling.
📌 4. MSTX $39 Put
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Expiration: 08/01/2025
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Premium Collected: $2.21 ($221 total)
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Stock Price: $38.95
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Unrealized P/L: –$4.00 (–1.81%)
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Breakeven: $36.80
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Status: At-the-money; closely monitoring.
This put is the riskiest of the group. Depending on market movement, I may roll or close to mitigate risk.
📌 5. RGTI Covered Call
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Expiration: 08/01/2025
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Premium Collected (Call Sold): $0.63 ($63 total)
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Average Purchase Price (Shares Bought): $11.60
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Stock Price: $15.53
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Unrealized Option P/L: –$192.00 (–304.76%)
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Breakeven (Cost Basis less Premium): $10.97
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Status: Deep in-the-money call, likely assigned.
I bought 100 shares at $11.60 and sold a $13 covered call for $0.63 premium. With RGTI trading well above $13, assignment is likely. I’m comfortable holding the shares given my effective cost basis near $10.97.
Final Thoughts
Five positions, nearly $2,000 in premium collected, and most trades set for smooth expirations. This week highlights the steady power of premium selling and disciplined risk management.
I’ll monitor MSTX and RGTI closely for possible adjustments while letting theta and market conditions work their magic on the rest.I dont mind MSTX assignment and RGTI getting called away.
