AXTI
AXT Inc
stock NASDAQ

I did something similar with AXTI recently.
Sold a CC for 9, brought it again for 3.
Then I did nothing for 2-3 days and when it went up again I sold a new one for 3, but higher strike price and shorter expiration

I remember buying AXTI at $82. Then it dropped all the way to $39 before eventually climbing back above $82. I checked my account during that drop and saw my position down 50%. It was insane. But I believed in the stock so strongly that I decided I’d rather lose everything than give them my money.

Anyone know why AAOI, AXTI pumped out of the blue?

AXTI

This week everything nearly dropped to 0 so I decided to roll a day early. I had to move almost everything higher so leaving a little room in case I need to adjust next week if things tank. Last Week's post: [https://www.reddit.com/r/thetagang/comments/1vi3jwb/1\_weekly\_returns\_from\_options\_week\_23/](https://www.reddit.com/r/thetagang/comments/1vi3jwb/1_weekly_returns_from_options_week_23/)
**First, the strategy:**
\- Use a screener to give me a list of top 20 low delta options for next week
\- I either
\- a. Roll my current options - I do this if I can still get 1% for rolling or if the option is ATM/ITM and I have to roll. I always roll for credit.
\- b. Close a current option and pick something else from the list that I like
\- I try to do this every Friday. However, if I'm busy on Fridays, I'll sometimes do this on Thursdays.
**Results:**
|Total Premium|$20,207.00|
|:-|:-|
|Current drawdown|\-$1,142.00|
|Gain/Loss from Assignment|\-$701.00|
|Total gains|$19,065.00|
|Annualized (Calc1 using average invested)|57.98%|
|Annualized (Calc2 using max invested)|38.52%|
**This morning's screener output:**
|Symbol|Strike ($)|Stock Price ($)|Distance (%)|Bid ($)|Return (%)|Delta|IV (%)|
|:-|:-|:-|:-|:-|:-|:-|:-|
||
|**ALOY**|$10.00|$12.57|20.45%|$0.10|1.00%|\-0.0976|129.3%|
|**NBIS**|$220.00|$270.22|18.58%|$2.25|1.02%|\-0.1002|116.8%|
|**AAOI**|$113.00|$138.00|18.12%|$1.15|1.02%|\-0.1101|119.2%|
|**CBRS**|$195.00|$229.70|15.11%|$2.15|1.10%|\-0.1286|105.4%|
|**SNDK**|$1,210.00|$1,395.59|13.30%|$12.50|1.03%|\-0.1298|91.5%|
|**NVTS**|$12.00|$14.05|14.59%|$0.12|1.00%|\-0.1312|102.5%|
|**CRDO**|$240.00|$277.93|13.65%|$2.50|1.04%|\-0.1340|96.1%|
|**BE**|$210.00|$244.58|14.14%|$2.46|1.17%|\-0.1366|101.4%|
|**CIFR**|$15.00|$17.52|14.38%|$0.18|1.20%|\-0.1370|103.7%|
|**IREN**|$41.00|$47.44|13.58%|$0.47|1.15%|\-0.1378|97.3%|
|**SLS**|$10.00|$11.82|15.40%|$0.10|1.00%|\-0.1381|112.9%|
|**LQDA**|$67.00|$79.71|15.95%|$0.70|1.04%|\-0.1391|118.3%|
|**SMCI**|$35.00|$39.52|11.44%|$0.36|1.03%|\-0.1446|82.7%|
|**ALAB**|$282.50|$321.90|12.24%|$3.00|1.06%|\-0.1477|90.6%|
|**AXTI**|$65.00|$77.74|16.39%|$1.00|1.54%|\-0.1494|128.7%|
|**AMAT**|$490.00|$551.35|11.13%|$4.95|1.01%|\-0.1514|82.8%|
|**CRWV**|$102.00|$114.95|11.27%|$1.13|1.11%|\-0.1533|84.7%|
|**FCEL**|$18.00|$21.00|14.29%|$0.20|1.11%|\-0.1536|111.5%|
|**ASTS**|$65.00|$73.70|11.80%|$0.74|1.14%|\-0.1536|89.4%|
|**SKHY**|$142.00|$159.20|10.80%|$1.45|1.02%|\-0.1540|81.1%|

**Today's Trades:**
|Symbol|Action Details|Premium Collected (Net Credit)|Cash Occupied|
|:-|:-|:-|:-|
||
|**SLV**|BTC 1x Short 66 C, STO 1x Aug 21 66 C|$9.00|$6,550.00|
|**SKHY**|BTC 1x Short 118 P, STO 1x Aug 21 144 P|$147.52|$14,400.00|
|**RKLB**|BTC 3x Short 65 P, STO 2x Aug 21 74 P|$165.03|$14,800.00|
|**NBIS**|BTC 2x Short 146 P, STO 1x Aug 21 225 P|$247.50|$22,500.00|
|**IREN**|BTC 1x Short 31.5 P, STO 1x Aug 21 41 P|$41.52|$4,100.00|
|**DRAM**|BTC 2x Short 44.5 P, STO 2x Aug 21 51 P|$105.03|$10,200.00|
|**AXTI**|BTC 1x Short 65 P, STO 1x Aug 21 62 P|$64.52|$6,200.00|
|**APLD**|BTC 3x Short 26.5 P, STO 2x Aug 21 27.5 P|$55.03|$5,500.00|
|**AAOI**|BTC 1x Short 113 P, STO 1x Aug 21 116 P|$119.52|$11,600.00|
|**TOTAL**|—|**$954.67**|**$95,850.00**|

**Historical Performance:**
(Today is in 8/14 because I rolled early)
||Week|Capital Invested|Premium Made|Return %|Notes|
|:-|:-|:-|:-|:-|:-|
|3/6|Week 1|$0.00|$0.00|0.00%||
|3/13|Week 2|$13,100.00|$131.00|1.00%||
|3/20|Week 3|$19,850.00|$203.00|1.02%||
|3/27|Week 4|$41,500.00|$596.00|1.44%||
|4/3|Week 5|$34,150.00|$353.00|1.03%||
|4/10|Week 6|$43,350.00|$462.00|1.07%||
|4/17|Week 7|$53,800.00|$573.00|1.07%||
|4/24|Week 8|$70,400.00|$811.00|1.15%||
|5/1|Week 9|$103,450.00|$1,093.00|1.06%||
|5/8|Week 10|$97,400.00|$1,040.00|1.07%||
|5/15|Week 11|$102,800.00|$1,077.00|1.05%||
|5/22|Week 12|$98,600.00|$1,170.00|1.19%||
||Week 12.5|$106,100.00|$475.00|0.45%|Bonus round|
|5/29|Week 13|$106,100.00|$1,133.00|1.07%||
||Week 13.5|$115,900.00|$336.00|0.29%|Bonus round|
|6/5|Week 14|$105,750.00|$1,053.00|1.00%||
|6/12|Week 15|$110,700.00|$1,146.00|1.04%||
|6/19|Week 16|$111,850.00|$1,105.00|0.99%||
|6/26|Week 17|$108,350.00|$1,045.00|0.96%|Got SLV 65.5 assigned|
|7/3|Week 18|$111,550.00|$1,126.00|1.01%||
|7/10|Week 19|$102,850.00|$1,111.00|1.08%||
||Week 19 Bonus|$108,550.00|$98.00|0.09%|APLD 1:3 to avoid assignment|
|7/17|Week 20|$104,350.00|$842.00|0.81%||
|7/24|Week 21|$111,500.00|$1,148.00|1.03%|RKLB 2:3 to reduce strike|
|7/31|Week 22|$105,660.00|$1,021.00|0.97%||
||Week 22 bonus|$99,960.00|$7.00|0.01%|ASTS 2:1 to reduce exposure|
|8/7|Week 23|$104,850.00|$1,052.00|1.00%||
|8/14|Week 24|$95,850.00|$954.00|1.00%||