The first week of January is usually about resolutions, but in the markets, it’s about volatility. While the broader indices are feeling the New Year "hangover," I’ve spent the last few days turning market swings into a consistent income stream.
As of January 6th, I’ve already locked in over $1,000 in gross premiums. Here’s the breakdown of the strategy, the assignments, and why cost basis is the most important number in your portfolio.
The market is having a massive New Year’s hangover today. IREN is down 10% and the sea of red is making people rethink their entire 2026 strategy.
Me? I’m unfazed. While everyone else is watching their portfolio value shrink, I’m busy collecting premiums.
In the first 5 days of January, I’ve already generated $1,038.90 in gross premium. Here’s exactly how I’m playing a volatile market and why I actually wanted to be assigned shares.
1. The "IREN" Safety Net
On Jan 2nd, I got assigned 100 shares of IREN at $43.50. Most people hate assignment—they see it as a "loss" on a put.
I see it as an opportunity. Because I’ve been playing this correctly, my average cost is actually $40.45. So even with the stock dumping to $43.43 today, I’m still sitting on a gain.
Yesterday, I "sold the ceiling" by writing a $45 Call for this Friday. That move alone put $229.96 in my pocket. If the stock rallies, I sell for a massive profit. If it stays down? I keep the cash and do it again Monday. That is the power of the "Wheel."
2. High-Octane Income: RDTL & HOOD
I don't just play it safe; I go where the juice is.
RDTL (2x Reddit ETF): This thing is a volatility monster. I sold a $60 Call for Feb 20 and collected a staggering $699.98. That’s nearly $700 for one contract.
HOOD: Caught the Robinhood rally yesterday and sold the $135 Call. It netted me another $108.96.
The Receipts (Jan 1 - Jan 6):
RDTL Premium: $699.98
IREN Premium: $229.96
HOOD Premium: $108.96
TOTAL CASH COLLECTED: $1,038.90
The Mindset Shift 🧠
Most traders are "directional"—they need the stock to go UP to make money.
I’m a "premium seller." I just need the stock to not go to the moon, or just stay right where it is. By selling calls against my positions, my effective cost basis on IREN is now $38.15. The stock could drop another 10% tomorrow and I’d still be breaking even.
The goal for 2026 is simple: Stop gambling on price action and start acting like the casino. Collect the rent. Lower the basis. Repeat.
Who else is printing money while the market bleeds? Let’s talk strategy in the comments. 👇
#Investing #OptionsTrading #PassiveIncome #IREN #HOOD #TradingStrategy #WealthBuilding
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