Today I sold a 17-day cash-secured put on AFRM, collecting $1.45 ($145 per contract) expiring March 20.
This is a straightforward wheel trade: short duration, defined risk, immediate income.
Why I Took It
- Short DTE (17 days) → Faster time decay working in my favor
- Attractive premium for the capital required
- Comfortable owning AFRM at the strike if assigned
Two Outcomes (Both Acceptable)
- Expires worthless → Keep $145 and redeploy capital
- Assigned shares → Own at strike minus premium and start selling covered calls
AFRM is volatile, so position sizing matters. The edge here isn’t prediction — it’s structure and discipline.
Small, repeatable income. That’s the goal.
