Weekly Options Update — After Friday, May 15th, 2026

This week’s options activity wrapped up with a mix of expirations, assignments, and one early close that locked in a clean profit. It was a classic example of why I rely on weekly premium selling as a core part of my income strategy. The trades were controlled, the outcomes were predictable, and the realized income added another layer of steady cash flow to the portfolio.

Below is the full breakdown of each position, including updated cost‑basis details for DGXX and IREN. As always, I document everything here to stay accountable and to help other investors understand how weekly options can complement a long‑term dividend‑focused approach.

Klara (KLARA) — $16.50 Call Expired Worthless

The week started strong with Klara, where the $16.50 covered call expired worthless, allowing me to keep both the shares and the full premium.

• Strike: $16.50

• Outcome: Expired worthless

• Premium Collected: $99.92

This is the ideal outcome for a weekly covered call. Klara stayed comfortably below the strike, theta decay did its job, and the contract rolled off without any intervention. Keeping the shares gives me flexibility to sell another call next week if the setup remains attractive.

IREN — $44.50 Covered Call Assigned (Cost Basis: $40)

IREN pushed through the strike convincingly, and assignment was expected. I originally paid $40 per share, so assignment at $44.50 locked in a solid capital gain on top of the premium I collected earlier.

• Strike: $44.50

• Outcome: Assigned — shares called away

• Cost Basis: $40

• Capital Gain: $4.50 per share

• Premium: Previously collected

• Total Outcome: Clean, profitable exit

Some investors dislike assignment, but in this case it was the perfect exit. IREN had already run up nicely, and locking in gains while freeing up capital is exactly what I want during weeks with strong market momentum

DGXX — $7 Covered Call Assigned (Cost Basis: $5.79)

DGXX has been one of my reliable premium generators, and this week the $7 covered call I sold was assigned. With a cost basis of $5.79, this assignment locked in both premium income and a meaningful capital gain.

• Strike: $7

• Outcome: Assigned

• Cost Basis: $5.79

• Capital Gain: $7 − $5.79 = $1.21 per share

• Premium Collected: $34

• Total Outcome: Strong realized gain + premium income

This is the type of trade that shows why I’m comfortable letting certain tickers get called away. DGXX has been volatile, but selling calls on it has consistently produced income

. Assignment here simply crystallized gains and freed up capital for next week’s opportunities.

Hood (HOOD) — $85 Call Bought Back for $0.04

This was one of the cleanest trades of the week. I sold the $85 call earlier, and as HOOD drifted lower, the premium collapsed. I bought it back for $0.04, locking in a realized profit of $142.

• Strike: $85

• Outcome: Bought back early

• Premium Kept: $142

Buying back early is a core part of my risk‑management playbook. When a contract decays to 90–95% profit, I prefer to close it rather than risk a surprise reversal. It also frees up the shares so I can immediately sell another call if the chart supports it.

MSTX — $50 Call Expired Worthless

The final trade of the week was the MSTX $50 call, which expired worthless and delivered a solid premium.

• Strike: $50

• Outcome: Expired worthless

• Premium Collected: $109.96

MSTX continues to be one of my favorite premium generators. The volatility is high enough to offer attractive premiums, but the price action has been predictable enough to manage risk effectively. Letting this one expire worthless means I keep the shares and the full premium — the ideal outcome.

Total Weekly Options Income

Here’s the full breakdown of income generated from this week’s option activity:

Ticker	Action	Outcome	Premium / Profit
KLARA	$16.50 Call	Expired worthless	$99.92
IREN	$44.50 Call	Assigned	Premium previously collected + $4.50/share gain
DGXX	$7 Call	Assigned	$34.00 + $1.21/share gain
HOOD	$85 Call	Bought back at $0.04	$142.00
MSTX	$50 Call	Expired worthless	$109.96 Total Weekly Options Income: 👉 $385.88 (not including the earlier premium from IREN) This is a strong week — especially considering that two positions were assigned, freeing up capital for next week’s opportunities.