SLV
iShares Silver Trust
stock NYSE ETF

I chose SLV mainly for liquidity and tight options spreads at my account size. SLV also has consistent volatility, which makes it viable for premium selling. I’m bullish on silver long-term, so I’m comfortable taking on a CSP assignment and holding through drawdowns if need

i like it SLV has no earnings risk. Curious, why SLV vs another etf? Thanks!

Robinhood Gold pays a variable interest rate of 3.35% on the cash collateral you set aside for Cash-Secured Puts. This was implemented recently last March, but only if you have Robinhood Gold.
So, since you plan on doing it, my only two cents is to take advantage and make sure to have Robinhood Gold, since aside from Robinhood, only IBKR and Fidelity offer interest on CSP collateral.

Aside from that, not much comment. Just know when/whether you want assignment (if at all). If SLV ever rockets to 105 like last January, you probably will have to switch to another ticker for obvious reasons.

I’m currently planning on starting a Wheel Strategy on iShares Silver Trust (SLV). My plan is to liquidate $4,900-$5,000 worth of assets on my Robinhood portfolio to then sell weekly $49-$50 strike Cash Secured Puts. I’m aiming for -0.20 to -0.25 delta. What are your thoughts everyone?

Chat it might finally be the time to buy GLD and SLV calls again.

I see doable bottom for GLD ? Does anyone feel the same here ? I want to all in into GLD and SLV. Any thoughts or anyone buying.. I see doable bottom for GLD ? Does anyone feel the same here ? I want to all in into GLD and SLV. Any thoughts or anyone buying

!banbet SLV 54 4d

you need to find a way to backtest this. all these strategies work until a Covid/Tariffs style crash where you'll get assigned lots of these under water tickers like you currently have SLV.

I dont want to be assigned. I will always roll and always credit if needed. So this is my logic:
If ITM, always roll
If OTM, close and open something new or roll
Like a couple of weeks ago I decided not to roll BE and close it out at 1c because of the short attack. But if it was ITM, I would have rolled it (like I'm doing not with RKLB, ASTS and APLD).
I was assigned SLV so I just have to deal with that one.

People are predicting that the US won’t lower interest rates which wasn’t the case last year. USD has strengthened since last year. bond yield relatively high. GLD and SLV were high, people taking profits.

This week was one more where don't panic on Wednesday paid off. Made slightly under 1% premium thanks to SLV and RKLB but got close. Last Week's post: https://www.reddit.com/r/thetagang/comments/1v5g2z1/1_weekly_returns_from_options_week_21/

**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.
**Screener Output Earlier Today**
### Top 20 Lowest-Risk Put Options (Expiring August 7, 2026)
| Stock Symbol | Stock Price | Strike Price | Premium (Bid) | Distance OTM % | Return % | Delta | Expiration |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| **AAOI** | $97.73 | $65.00 | $0.65 | 33.49% | 1.00% | -0.0576 | 2026-08-07 |
| **SNDK** | $1,391.52 | $940.00 | $9.40 | 32.45% | 1.00% | -0.0576 | 2026-08-07 |
| **ALAB** | $329.51 | $240.00 | $2.40 | 27.16% | 1.00% | -0.0780 | 2026-08-07 |
| **NBIS** | $201.25 | $150.00 | $1.56 | 25.47% | 1.04% | -0.0784 | 2026-08-07 |
| **SPCX** | $112.49 | $87.00 | $0.95 | 22.66% | 1.09% | -0.0866 | 2026-08-07 |
| **SKHY** | $161.84 | $125.00 | $1.35 | 22.76% | 1.08% | -0.0867 | 2026-08-07 |
| **IREN** | $39.43 | $30.00 | $0.32 | 23.92% | 1.07% | -0.0881 | 2026-08-07 |
| **WDC** | $578.88 | $452.50 | $4.80 | 21.83% | 1.06% | -0.0921 | 2026-08-07 |
| **BE** | $218.64 | $170.00 | $2.26 | 22.25% | 1.33% | -0.1022 | 2026-08-07 |
| **APP** | $389.87 | $317.50 | $3.20 | 18.56% | 1.01% | -0.1075 | 2026-08-07 |
| **MU** | $925.50 | $770.00 | $8.30 | 16.80% | 1.08% | -0.1125 | 2026-08-07 |
| **HUT** | $114.34 | $92.00 | $1.01 | 19.54% | 1.10% | -0.1147 | 2026-08-07 |
| **PLTR** | $122.23 | $104.00 | $1.05 | 14.91% | 1.01% | -0.1162 | 2026-08-07 |
| **AXTI** | $59.39 | $45.00 | $0.60 | 24.23% | 1.33% | -0.1178 | 2026-08-07 |
| **ARM** | $259.65 | $220.00 | $2.20 | 15.27% | 1.00% | -0.1181 | 2026-08-07 |
| **CRCL** | $61.69 | $51.00 | $0.60 | 17.33% | 1.18% | -0.1188 | 2026-08-07 |
| **MRVL** | $198.92 | $167.50 | $1.80 | 15.80% | 1.07% | -0.1192 | 2026-08-07 |
| **WULF** | $18.65 | $15.00 | $0.18 | 19.57% | 1.20% | -0.1211 | 2026-08-07 |
| **CIFR** | $23.05 | $18.00 | $0.25 | 21.91% | 1.39% | -0.1226 | 2026-08-07 |
| **LITE** | $766.76 | $637.50 | $6.60 | 16.86% | 1.04% | -0.1245 | 2026-08-07 |
**Trades Placed Today**
| Symbol | Action | Premium Collected | Cash Occupied |
| :--- | :--- | :--- | :--- |
| SLV | Rolled 1x Jul 31 66 to 1x Aug 14 66 call | $6.66 | $6,550.00 |
| SKHY | Rolled 1x Jul 31 121 to 1x Aug 7 116 put | $124.52 | $11,600.00 |
| NBIS | Rolled 2x Jul 31 130 to 2x Aug 7 136 put | $273.03 | $27,200.00 |
| IREN | Rolled 1x Jul 31 35 to 1x Aug 7 30.5 put | $30.52 | $3,050.00 |
| DRAM | Rolled 2x Jul 31 44 to 2x Aug 7 43 put | $93.05 | $8,600.00 |
| APLD | Rolled 3x Jul 31 29.5 to 3x Aug 7 28.5 put | $90.16 | $8,550.00 |
| RKLB | Rolled 3x Jul 31 73 to 3x Aug 7 73 put | $246.12 | $21,900.00 |
| ASTS | Rolled 2x Jul 31 62 to 2x Aug 7 60 put | $88.10 | $12,000.00 |
| AAOI | Rolled 1x Jul 31 79 to 1x Aug 7 62 put | $69.52 | $6,200.00 |
| **TOTAL** | **All Executed Trades** | **$1,021.68** | **$105,650.00** |
**Returns**
Total Premium: $19,148.00
Current drawdown: -$5,385.00
Gain/Loss from Assignment: -$1,351.00
Total gains: $13,763.00
Annualized (Calc1 using average invested): 37.38%
Annualized (Calc2 using max invested): 25.49%

RIP GLD and SLV