Options Income Recap – August 28, 2025

 

Today’s trades focused on covered calls, short call rolls, and a put roll, all designed to steadily harvest premium while keeping risk managed.

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🔹 SMCI Covered Calls

1. SMCI $55 Call Sell (Exp. 9/26)

• Contracts: 2

• Premium: $0.48 each → $95.92 Net Credit

• Underlying Price: ~$44.76

• Max profit = $95.92 if SMCI closes below $55 at expiry.

2. SMCI $56 Call Sell (Exp. 10/3)

• Contracts: 1

• Premium: $0.52 → $51.96 Net Credit

• Underlying Price: ~$43.95

• Max profit = $51.96 if SMCI stays under $56 by expiration.

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🔹 TSLL Short Call Rolls

3. TSLL $13C Roll (9/5 → 9/12)

• Rolled 3 contracts

• Net Credit: $77.76

• Underlying Price: ~$13.50

• Extended the trade for more premium while keeping the same strike.

4. TSLL $13C Roll (8/29 → 9/5)

• Rolled 5 contracts

• Net Credit: $159.58

• Underlying Price: ~$13.28

• Captured fresh weekly premium by rolling forward a week.

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🔹 TTD Short Put Roll

5. TTD $55P Roll (9/5 → 9/12)

• Rolled 1 contract

• Net Credit: $52.92

• Underlying Price: ~$52.65

• Staying at the same strike while collecting additional premium.

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💰 Totals

Ticker	Trade	Net Credit
SMCI	$55C 9/26 Sell	$95.92
SMCI	$56C 10/3 Sell	$51.96
TSLL	$13C Roll 9/5→9/12	$77.76
TSLL	$13C Roll 8/29→9/5	$159.58
TTD	$55P Roll 9/5→9/12	$52.92
Total Premiums		$438.14

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📝 Closing Thoughts

This session added $438.14 in net credits, reinforcing the strategy of:

• Selling covered calls on beaten-down but stable names like SMCI.

• Rolling short calls on TSLL to extract weekly premiums.

• Extending short puts like TTD for fresh cashflow.

All trades remain open, so final P&L will depend on expiration management. For now, the steady flow of option income continues.