Rolling Options: UNH & RDDT Short Calls (Sep 23, 2025)

 oday I executed a series of short call rolls on UnitedHealth Group (UNH) and Reddit Inc. (RDDT). These adjustments extended expirations, lifted strikes, and most importantly — generated fresh premium income while giving my shares more room to run.

---

🏥 UNH Roll (Defensive Play)

• Closed: UNH $370C (Feb 20, 2026) @ $28.30

• Opened: UNH $380C (Apr 17, 2026) @ $29.43

• Net Credit: +$113

This roll added two months of time, raised the strike from $370 → $380, and collected extra premium. The higher strike means I keep an extra $1,000 upside if shares are called away later.

📈 Takeaway: Defensive and income-focused. A balance of cash now plus higher upside later.

---

📢 RDDT Rolls (Aggressive Tech Growth Play)

Roll 1

• Closed: RDDT $250C (Sep 18, 2026) @ $70.93

• Opened: RDDT $260C (Jan 15, 2027) @ $74.93

• Credit: +$400

Roll 2

• Closed: RDDT $210C (Sep 18, 2026) @ $88.40

• Opened: RDDT $220C (Jan 15, 2027) @ $91.10

• Credit: +$270

Roll 3

• Closed: RDDT $200C (Sep 18, 2026) @ $93.95

• Opened: RDDT $210C (Jan 15, 2027) @ $95.95

• Credit: +$200

📊 Total RDDT Credits: $870

Each roll extended expiration by ~4 months, lifted the strike +$10, and generated immediate cash flow. That means $3,000 in added potential upside if RDDT rallies and contracts get assigned at higher strikes.

📈 Takeaway: Aggressive time extension, strong credit capture, and more strike flexibility.

---

💰 Net Effect of Today’s Rolls

1. Immediate Cash Flow

• UNH Credit: $113

• RDDT Credits: $870

• Total Premium Collected Today = $983

2. Additional Assignment Upside

• UNH (strike +$10): +$1,000 potential

• RDDT (3x strike +$10): +$3,000 potential

• Total Added Upside = $4,000

---

⚖️ Final Tally

• Locked-in profit today: $983 (guaranteed premium)

• Potential extra profit later: $4,000 (if shares are called away at new strikes)

• Overall Improvement: $4,983

---

🔎 Final Thoughts

These rolls highlight the power of active options management:

• You lock in cash immediately with net credits.

• You give your positions more time to play out.

• You raise strikes, allowing for higher exit profits if assignment comes.

For UNH, this was a defensive adjustment. For RDDT, it was an aggressive premium grab. Together, they boosted income and unlocked nearly $5,000 in combined benefit.

Rolling isn’t just about avoiding assignment — it’s about stacking credits while keeping upside alive.

Boosting My Portfolio With Options: July 2025 Real-Trade Recap & Income Tracker

 In this post, I’ll pull back the curtain on my real portfolio trades for July 2025 using cash-secured puts (CSPs) and covered calls—including every ticker, strike, expiry, and premium. You’ll see actual results, risk strategies, and a trackable model for your own trades.

🚦 July 2025 Options Income Tracker

All Active and Closed Trades

Income Breakdown

• Premiums Realized (closed trades): $855

• Potential Premium (open): $2,754

• Total Premium in Play: $3,609

Collateral at risk on CSPs totals $33,800. Covered calls are written on 1,200 owned shares.

🧩 Option Assignment & Outcome Scenarios

TSLL (Direxion Daily TSLA Bull 1.5X)

• 1,000 shares @ $12.42

• Covered Calls: 8 × $13 for $0.48; 2 × $13.5 for $0.45 ($474 total premium)

TSLQ (Direxion Daily TSLA Bear 1X)

• 100 shares @ $22.80

• Call sold: $25 (8/15) for $0.65

• Assigned: Gain $2.85/share ($285); OTM, basis lowers to $22.15

UNH (UnitedHealth Group)

• 100 shares @ $301.66

• Call sold: $312.5 (8/1) for $8.70

• Assigned: Net $321.20; $1,954 profit. OTM, basis down to $292.96

⚡ Portfolio Performance & Lessons Learned

• Collateral at Risk: $33,800 (open CSPs)

• Shares at Stake: 1,200 (TSLL, TSLQ, UNH, for covered calls)

• Yield: Premiums for July yield 10%+ this cycle on capital at risk (annualized is high, but note rolling/performance risks).

Top Lessons:

• Turn assigned shares into assets by selling calls—don’t “just hold”.

• Diversify both tickers and income sources (CSPs, varied covered calls).

• Assignment isn’t failure—often it’s the goal!

• Tracking every trade = crucial. Use a table or spreadsheet for total clarity and decision-making.

🛠️ How You Can Track & Plan Option Income

Copy this table as a template for your trades:

• Ticker, Type, Strike, Expiry, Qty, Premium, Collateral/Shares, Status, Average Purchase, Notes

🌱 Final Thoughts

Methodical option selling has generated me over $3,600 in a month, combining cash-secured puts and covered calls. Whether you want recurring yield, disciplined trade logs, or capital-efficient risk, this strategy can fit most investor toolkits.

Like this breakdown? Share your own trades, questions, or ideas below! Follow for next month’s deep dive and more transparent portfolio reveals.

April Options Trading Update

 This blog post provides a detailed overview of the options trades executed during the first week of April 2025. Below is a summary table showcasing the trades, including key details such as entry and exit prices, commissions, and profit or loss.

Date	Symbol	Option Type	Strike Price	Expiration	Contracts	Entry Price	Exit Price	Profit/Loss
4/10/2025	SOXL	Put	9	11-Apr	5	0.45	0	225
4/10/2025	TSLL	PUT	6.5	11-Apr	10	0.15	0.05	100
4/10/2025	SOXL	Put	8	11-Apr	1	0.5	0.14	36
4/10/2025	TSLL	Put	7.5	17-Apr	10	0.49
4/2/2025	RDDT	Call	195	1/16/2026	1	1090	720	370
4/3/2025	RDDT	put	95	4/4/2025	1	160	657	-497
4/4/2025	RDDT	put	95	4/11/2025	1	1015	70	945

1. SOXL Put Options:

   • Strike Price $9: Sold 5 contracts at an entry price of $0.45 per contract, exiting at $0. Resulted in a profit of $225 after commission.

   • Strike Price $8: Sold 1 contract at an entry price of $0.50 per contract, exiting at $0.14. Profit totaled $36 after commission.

2. TSLL Put Options:

   • Strike Price $6.5: Sold 10 contracts at an entry price of $0.15 per contract, exiting at $0.05. Profit amounted to $100 after commission.

   • Strike Price $7.5: Sold 10 contracts at an entry price of $0.49 per contract; exit price remains pending.

3. RDDT Call Option:

   • Strike Price $195: Purchased 1 contract at an entry price of $1090, exiting at $720. This trade yielded a profit of $370 after commission.

4. RDDT Put Options:

   • Strike Price $95 (Expiring April 4): Purchased 1 contract at an entry price of $160, exiting at $657. This trade resulted in a loss of $497 after commission.

   • Strike Price $95 (Expiring April 11): Purchased 1 contract at an entry price of $1015, exiting at $70 for a significant profit of $945 after commission.

Observations

• The most profitable trade was the RDDT put option expiring on April 11, which generated a profit of $945.

• The largest loss was incurred on the RDDT put option expiring on April 4, with a loss of $497.

• Pending trades include the TSLL put option with a strike price of $7.5 expiring on April 17.

Conclusion

April has been an eventful month for options trading so far, with mixed results across various contracts. The strategic use of puts and calls has yielded notable profits while also highlighting areas for improvement in risk management.