Wanted to follow up on our trade on Rivian, if you recall , we sold 10 contracts of the weekly $17 puts for $100 a contract. We knew RIVN was going into earnings after market on Thursday and we wanted to own some shares, but own them cheaper. So by selling the $17 strike, we would be put to it at $17 a share, but would take our cost basis down to $16 a share after collecting $100 a contract. Well we got put to the stock. Even though RIVN had beat and guided up, they had stated they would do an offering. Stock closed at $15.02, so as of now we are down $980. So what to do now? This is where our covered call strategy comes into play. On Monday we will look to see what the weekly $17 strike is trading at and sell 10 contracts. Will update again on Monday. Have a great weekend everyone.

Wanted to give an update on our VG trade we put on 2 weeks ago , we sold 22 contracts of the May 15 , $15 calls for $95 a contract for gross proceeds of $2090. At the time the stock was trading at $13.23 a share. Right now the stock is trading at $12.25, we could buy back those contracts for $33 a contract if we close right now. With a 16.66% chance of being in the money , we are going to wait another week and have theta “Time Decay” keep working for us . We will revisit this trade next Monday. Have a great trading day everyone!!!!

We executed a trade on Rivian this morning as the company reports earning on Thursday April 30th after the market closes. We sold 10 $17 May 1 contracts and collected $100 a contract for gross proceeds of $1000. Our thesis is quite simple, We have wanted to add to our position of RIVN and with this trade we are potentially getting in at essentially $16 a share after collecting our premium. If RIVN is above $17 at expiration, we walk away with $1000. If RIVN is below, $17 we get put to the stock. We will check back on Friday morning on this trade.

Everyone focuses on the premium… But the real edge is this: 👉 Volatility Right now on Plug Power Inc.📅 Trade placed: April 23, 2026IV is over 100% That’s why this trade pays about $0.25 per contract 👉 We sold 25 contracts Same stock… lower IV? You’d get maybe $0.10–$0.12 👉 Same setup… way less income 👉 Same stock👉 Same strike ($4)👉 Same expiration (June 18, 2026)👉 Totally different outcome 🎯 Lesson: You don’t just sell covered calls… 👉 You sell them when they’re expensive

🧠 When we open the trade - We sell a covered call - Example: $0.90 premium 👉 That’s $90 per contract (100 shares) Money in our pocket upfront 💰 ⏳ What happens next - Time passes - The option loses value Now it might be worth $0.05👉 That’s just $5 🔄 Closing it out We do the opposite trade: 👉 Buy to close for $5 💰 The result - Collected: $90 - Paid to close: $5 👉 Profit: $85 🔑 Why we do this - ✅ Lock in most of the profit - ✅ Preserve our shares (we keep the stock) - ✅ Remove risk - ✅ Ready to sell another call - 🎯 Simple takeaway Sell for $90 → buy back for $5 👉 Keep ~$85👉 Keep your shares👉 Repeat the process 🔁