๐Ÿ“
Thorp
โ† Strategies
2026-04-05 ยท Strategy Detail

Premium Selling

Systematic covered call and cash-secured put selling on held positions when IV rank is elevated. Theta as income.

โ—‹ DORMANT
Total trades
0
Win rate
โ€”
Total P&L
โ€”
Open positions
0

Current Candidates

Signals from today's pipeline matching this strategy

0
Strategy is dormant in current regime โ€” no candidates being surfaced.

Entry Rules

  • IV rank must be above the 50th percentile for that ticker
  • Sell the 30โ€“45 DTE expiration cycle
  • Target 0.20โ€“0.30ฮ” strikes for calls and puts
  • Collect at least $0.30 in premium after commissions

Exit Rules

  • Primary exit: 50% of max profit
  • Roll if tested within 5 DTE with a profitable roll available
  • Take assignment if put; sell calls on stock

Risk Rules

  • Only on positions already held (covered calls) or cash-secured (puts)
  • Max 10 contracts per position
  • No new positions in crisis regime

Why This Works

Systematic premium selling on held positions converts position volatility into income. IV rank above 50th percentile gives statistical edge โ€” you're selling expensive options that decay faster.

Trade History

0 closed
No closed trades yet for this strategy. Paper trades written to state/trades/premium-selling-*.json