CLSK
CLEANSPARK INC
stock NASDAQ

**TL;DR:** Spoke with IBKR customer support after failing to unlock Complex or Leveraged Products (CLP) permissions despite maxing out trading experience, income, and net worth tiers. Support confirmed IBKR has a blanket internal restriction preventing Indian resident accounts from enabling CLP, shutting the door on spot crypto trusts (ETHA, IBIT) and leveraged ETFs.
Looking to check how other LRS investors are handling this and whether alternatives exist.
# What Happened
I've been trying to get exposure to US spot crypto ETFs (specifically BlackRock's ETHA) via Interactive Brokers. When attempting to enable **Complex or Leveraged Products (CLP)** under Trading Permissions:
* The option remained blocked/ineligible.
* IBKR customer support confirmed directly on the phone that **Indian tax residents are restricted from trading CLPs** on their platform due to risk/compliance guidelines.
My guess is IBKR’s legal team is taking a conservative stance on RBI’s LRS (Liberalised Remittance Scheme) mandates, which prohibit remittances for "speculative transactions" and margins, even though SEC-regulated spot ETFs are standard exchange-traded cash products.
# Questions for Indian LRS Investors:
1. **Broker Policies (Schwab, Vested, INDmoney, TradeStation):** Is this strictly an IBKR compliance decision, or do other platforms operating via DriveWealth or direct US brokers also block spot crypto ETFs for Indian residents? Has anyone successfully bought IBIT or ETHA through Charles Schwab International?
2. **Is the door completely shut for spot crypto via LRS?** Has anyone received formal clarification on whether holding a cash-settled spot ETF violates FEMA/LRS, or is IBKR simply being overly cautious with their global compliance filters?
3. **How are you playing this exposure?** Given India’s punitive local crypto taxation (flat 30% tax, no loss set-off, 1% TDS on every transaction), foreign ETFs were the cleanest route to access reasonable LTCG treatment (12.5% after 24 months).
* Are you sticking to direct crypto on domestic/overseas exchanges and swallowing the 30% tax?
* Or are you using crypto-proxy equities (e.g., MSTR, COIN, miners like MARA/CLSK) on IBKR instead, since standard US stocks don't trigger the CLP restriction?
Would appreciate inputs from anyone who has navigated this or found a working setup!

https://preview.redd.it/xkf1wf36b1rh1.png?width=2160&format=png&auto=webp&s=248d889c520963564996f48075e54b0f1ebbc36d
[https://trademates.co/analyse/CLSK](https://trademates.co/analyse/CLSK)
The model evaluates CleanSpark as an AVOID due to negative TTM gross margins (-5.3%), substantial free cash flow burn (-$1.02B in FY2025), and a 12+ month wait before contracted $6.6B AI data center lease revenues begin in Q4 2027. CleanSpark faces a steep multi-year funding and cash-burn gap before its $6.6B Sandersville AI lease generates revenue in Q4 2027.

Last ten minutes for semi stocks was interesting. Check AMD for an example.
For my wheel strategy, won’t get any LWLG at $5 today, CLSK and HIVE will be called away, kept ONDS, PL, and OUST. Getting more OSS, AUR, and FLNC.
Next week I’ll see how crypto and data center stocks are holding up. Most likely them, semis, and financials will do well.

Now I'm more than 6 months into my 1 year experiment to get 1% a week from selling puts. So far things have been going well. This week only my RKLB puts were ITM - a bit less than last week - but otherwise everything went to 0. Last week's post: [https://www.reddit.com/r/thetagang/comments/1wdk027/1\_weekly\_returns\_from\_options\_week\_28/](https://www.reddit.com/r/thetagang/comments/1wdk027/1_weekly_returns_from_options_week_28/)
If you want to follow me as I trade, I post to [r/TheRaceTo10Million](https://www.reddit.com/r/TheRaceTo10Million/) before placing trades and comment with trades as I make them. I post here after I make the trades with a full summary
**Strategy**
\- Use an AI 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.
\- If I get assigned, I will sell calls at assignment price
A lot of people have asked me about why I don't add a criteria to avoid earnings weeks. Like I sold HPE/IREN/NBIS etc. puts across earnings. That's because on earnings weeks the same delta strikes are much further OTM.
A lot of people also ask why I do weeklies. I was going to post an analysis of that last week but I didn't get the time. I'll do that in the next few days. comparing weeklies vs. monthlies.
**Total Returns**
|Total Premium|$26,160.00|
|:-|:-|
|Current drawdown|\-$1,808.00|
|Gain/Loss from Assignment|\-$557.00|
|Total gains|$24,352.00|
|Annualized (Calc1 using average invested)|55.32%|
|Annualized (Calc2 using max invested)|38.65%|
**Today's Trades**
|Symbol|Action Details|Premium Collected (Net Credit)|Cash Occupied|
|:-|:-|:-|:-|
||
|**AAOI**|BTC 1x Short 95 P, STO 1x Sep 25 90 P|$112.52|$9,000.00|
|**AXTI**|BTC 1x Short 55 P & 1x Short 58 P, STO 2x Sep 25 60 P|$149.04|$12,000.00|
|**DRAM**|BTC 2x Short 55.5 P, STO 2x Sep 25 55.5 P|$127.03|$11,100.00|
|**IREN**|BTC 1x Short 39.5 P, STO 1x Sep 25 40 P|$41.52|$4,000.00|
|**NBIS**|BTC 2x Short 202.5 P, STO 2x Sep 25 195 P|$423.05|$39,000.00|
|**RKLB**|BTC 3x Short 66 P, STO 3x Sep 25 65 P|$249.16|$19,500.00|
|**SLV**|BTC 1x Short 65.5 C, STO 1x Sep 25 65.5 C|$8.63|$6,550.00|
|**TOTAL**|—|**$1,110.95**|**$101,150.00**|
**Screener Output in the morning**
|Underlying|Company|Stock Price|Strike|Bid / Ask|OTM Dist (%)|Delta|Return (%)|IV|
|:-|:-|:-|:-|:-|:-|:-|:-|:-|
||
|**AXTI**|Axt Inc|$69.94|$60.00|$0.60 / $0.75|14.21%|\-0.126|1.00%|103.6%|
|**NBIS**|Nebius Group N.V.|$215.52|$195.00|$1.95 / $2.00|9.52%|\-0.157|1.00%|76.3%|
|**WULF**|Terawulf Inc|$16.66|$15.00|$0.17 / $0.20|9.96%|\-0.166|1.13%|83.8%|
|**RIOT**|Riot Platforms Inc|$22.72|$20.50|$0.22 / $0.28|9.77%|\-0.170|1.07%|83.3%|
|**CLSK**|Cleanspark Inc|$13.81|$12.50|$0.14 / $0.17|9.49%|\-0.171|1.12%|81.2%|
|**MRNA**|Moderna Inc|$156.38|$142.00|$1.57 / $1.74|9.20%|\-0.172|1.11%|78.7%|
|**IREN**|Iris Energy Ltd|$44.57|$40.50|$0.47 / $0.52|9.13%|\-0.176|1.16%|79.5%|
|**AAOI**|Applied Optoelectronics|$101.50|$92.00|$1.00 / $1.30|9.36%|\-0.176|1.09%|81.8%|
|**MSTR**|MicroStrategy Inc|$143.88|$132.00|$1.37 / $1.48|8.26%|\-0.177|1.04%|71.4%|
|**HUT**|Hut 8 Mining Corp|$93.13|$83.00|$1.00 / $1.64|10.88%|\-0.180|1.20%|98.6%|
|**FSLY**|Fastly Inc|$23.78|$21.00|$0.25 / $0.50|11.69%|\-0.180|1.19%|107.2%|
|**CRCL**|Circle Internet Group|$90.41|$83.00|$0.90 / $1.00|8.20%|\-0.183|1.08%|72.8%|
|**LITE**|Lumentum Holdings|$921.33|$845.00|$9.00 / $10.70|8.28%|\-0.183|1.07%|73.8%|
|**BE**|Bloom Energy Corp|$273.16|$250.00|$2.97 / $3.50|8.48%|\-0.189|1.19%|78.0%|
|**ASST**|Asset Entities Inc|$29.92|$27.50|$0.33 / $0.42|8.09%|\-0.198|1.20%|77.2%|
|**COHR**|Coherent Corp|$310.20|$285.00|$3.60 / $4.20|8.12%|\-0.199|1.26%|77.9%|
|**CIFR**|Cipher Mining Inc|$17.74|$16.00|$0.28 / $0.30|9.81%|\-0.202|1.75%|97.8%|
|**LQDA**|Liquidia Corp|$67.78|$62.00|$0.80 / $1.20|8.53%|\-0.207|1.29%|85.9%|
|**FCEL**|FuelCell Energy Inc|$17.67|$16.00|$0.25 / $0.35|9.45%|\-0.209|1.56%|97.1%|
|**VKTX**|Viking Therapeutics|$29.15|$25.00|$0.56 / $1.18|14.24%|\-0.211|2.24%|161.2%|
**Historical Weekly Data**
||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%||
|8/21|Week 25|$99,300.00|$997.00|1.00%|RKLB 2:3 and NBIS 1:2|
|8/28|Week 26|$102,500.00|$978.00|0.95%||
|9/4|Week 27|$104,800.00|$897.00|0.86%||
|9/11|Week 28|$102,700.00|$1,017.00|0.99%||
|9/18|Week 29|$101,150.00|$1,110.00|1.10%||