SLV
iShares Silver Trust
stock NYSE ETF

I bet. SLV has been a bit of a roller coaster lately. I think we’ll get one last pullback next week to the mid 50s before trying to break out to the 70 level next.

I should have gone full port on the SLV 60 butterfly

Shoutout to the SLV 60 strike butterfly I put on yesterday. Gotta cover those NFLX losses somehow

So when SLV going back to $70?

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%||

I bet. SLV has been a bit of a roller coaster lately. I think we’ll get one last pullback next week to the mid 50s before trying to break out to the 70 level next.

I should have gone full port on the SLV 60 butterfly

Shoutout to the SLV 60 strike butterfly I put on yesterday. Gotta cover those NFLX losses somehow

So when SLV going back to $70?

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%||

SLV and GLD puts youre welcome

Sold my overnight calls on DIA and SLV.
Just reloaded. They expire a month out or so so I have some time.

Come up with a strategy based on GSR.
Also you could just by the ticker GLD until you have enough to buy an oz, sell your GLD, and then buy an oz. Repeat. It’s an easy way to start DCAing into gold.
Same could be done with SLV.