Blog
-
Intel Corp Put Sale
I sold a put option for $125 in premium with a 3/13/26 expiration, which is 17 days out. My strike price is $42.50 and at the time of trade INTC is trading at $45.98. This marks a small but meaningful shift in my approach. Most of my prior trades have targeted around 24 days to
-
Completing Our First Wheel with FLR
We’ve officially completed our first full Wheel cycle with Fluor Corporation (FLR) — and this is a great real-world example of how the strategy actually plays out from start to finish. Let’s walk through it step by step. Step 1: Sell the Put August 27, 2025 We sold a put option on FLR and collected:
-
Sold Call FLR
Sold a covered call on FLR today for $150 credit — strike $47.50, expiring Feb 20. FLR is currently trading around $44.18. The 100 shares I’m holding were assigned to me on Nov 21 at $45 per share. From here, the plan is simple: keep selling calls against these shares until they eventually get called
-
FLR Assigned and O Expiring 1/16/26
I totally spaced on posting last month’s O trade — blame the ongoing home-renovation madness. I swear I was two drywall decisions away from checking myself into an asylum. 😅 But hey, silver lining: O doesn’t look like it wants to crash down to $45 by tomorrow. Fingers crossed. 🤞 FLR update:The $45 strike Put
-
FLR Assignment
On expiration day (Nov 21), FLR slipped below the $45 level, which meant the put option I sold was assigned. As a result, I now own 100 shares of FLR at a cost basis of $45 per share, or $4,500 total. The next step in my wheel strategy is to sell a covered call against
-
Fluor Corp (FLR) Once More
Continuing with the wheel strategy, I opened a new position in FLR yesterday, selling a put at the $45 strike for $180 credits, expiring Nov 21st. The stock closed at $48.50 at the end of the day.
-
FLR Expired 10/17
The position expired with the stock closing at $46.65, allowing me to pocket another $60 in premium.
-
Fluor Corp (FLR) Again
Continuing with the wheel strategy, I opened a new position in FLR today, selling a put at the $40 strike, expiring October 17th. The stock is currently trading at $44.65.
-
Realty Income (symbol: O) again
Today I opened a new position in O. I sold a put with a $55 strike and collected a $40 premium, with expiration set for November 21st. For reference, the stock closed the day at $59.55.
-
O and FLR Expired
On September 19th, both my O and FLR options expired worthless. Since neither stock hit my strike price, I was able to keep the premiums. That means this round added a total of $65 in profit to the account. Small wins like these may not seem huge, but they add up over time—steady steps forward