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$500,000 is the number
Once you have that much in a brokerage you can product $7,500-$10,000 a month in option income.
Thats taking into account 2-4 trades a month at low deltas & minimal effort.
Then life goes on easy mode.
Todays Trade Summary:
Premium collected: $290
Premium booked: $1,249
Opened:
$HOOD Short Put (Mini Account)
$CONL Short Puts (Mini Account)
Closed:
$HOOD Covered Calls
$MUU Covered Calls
$MSTR Covered Calls
$NKE Covered Calls
$AI Covered Calls
$NBIS Short Put
$HOOD Covered Call
$SPCX Covered Call
$SOXL Short Put
$SOFI Covered Calls
$CLSK Short Puts (Mini Account)
$HOOD Covered Call (Mini Account)
$IREN Covered Calls (Mini Account)
$RIVN Covered Calls (Mini Account)
$SOXL Covered Call (Mini Account)
All shared in discord
QQQ is about 9% below its Oct 6 close of $759.66.
The Nasdaq closed October down 5.3%, its worst month since March 2025.
The Nasdaq hasn't had a day this bad since June, and October ended down about 5.3%, its worst month since March 2025.
Quick look at where the contracts traded today
Options Flow - Top by Volume
1. $QQQ 1.4M (C 941.9K / P 465.3K)
2. $INTC 1.1M (C 554.9K / P 539.3K)
3. $SPY 1.1M (C 452.0K / P 604.7K)
4. $NVDA 551.3K (C 292.6K / P 258.7K)
5. $TLT 487.4K (C 479.8K / P 7.6K)
6. $IBIT 420.7K (C 234.8K / P 185.9K)
7. $AMZN 406.5K (C 243.8K / P 162.7K)
8. $TSLA 377.9K (C 158.6K / P 219.3K)
9. $AAPL 276.0K (C 102.3K / P 173.7K)
10. $GOOGL 226.0K (C 142.8K / P 83.2K)
Daily Naked Trade Idea - AMZN
Spot ~$239.20
Trade: Sell AMZN Nov 20 $210 put @ ~$0.72 (delta ~0.07)
Premium collected: ~$72 per contract
Buying power used (Tasty margin estimate): ~$2,101 per contract
Return on BP: 3.4% in 21 days
Effective cost if assigned: $209.28
Strike sits about 12.2% below spot, well under today's post-earnings low near $229 and above the $196 yearly low, and earnings are already out (Oct 29), so none before expiry.
🚨 BREAKING NEWS 🚨
THE SKY IS FALLING.
ALL STOCKS ARE GOING TO ZERO.
THE STOCK MARKET IS OFFICIALLY CANCELLED.
YOUR 401(K) IS NOW A 201(K).
SELL EVERYTHING. BUY CANNED BEANS.
WE WILL NEVER SEE A GREEN DAY AGAIN.
See you all at market open tomorrow. 🫡
$GOOGL just had its worst day ever, and the market is now pricing AI cash burn, not AI promises.
Alphabet lost about $500 billion in value after posting negative free cash flow of $9.07 billion while holding capex guidance at $195 to $205 billion.
Underneath, most S&P 500 stocks actually rose and small caps rallied, while yields dipped after Q3 GDP came in hot at 3.4% and PCE inflation hit 3.6%.
THE CLOSE
S&P 500 -0.3%, Nasdaq -1.4%, Dow -0.3%
10Y just under 5%, WTI $102.00 (-0.8%), Brent $114.88 (-0.4%)
WHAT MOVED
$GOOGL -12.6%, its largest one-day drop on record, on a revenue miss and heavier AI cash burn
$NOW down more than 20% after results, leading a broad software selloff
$AMZN down more than 7% after hours on EPS and ad revenue misses, with capex still at $220B
$INTC down about 17% after hours as a weak Q4 outlook overshadowed an earnings beat
THE REAL RISK
Inflation is running at 3.6% with oil above $100, and traders are still betting on a December Fed hike. If hyperscaler spending stops being rewarded, the market loses the leaders it has relied on.
NEXT UP
Friday brings the open's reaction to Amazon and Intel, Exxon and Chevron earnings, AbbVie, the Q3 Employment Cost Index at 8:30am ET, and Chicago PMI. Apple reports Monday, Nov 2.
Follow the volume, not the noise
Options Flow - Top by Volume
1. $SPY 528.4K (C 200.4K / P 328.0K)
2. $QQQ 482.2K (C 153.6K / P 328.5K)
3. $GOOGL 337.4K (C 195.4K / P 142.0K)
4. $IWM 320.0K (C 108.4K / P 211.5K)
5. $AMZN 263.4K (C 164.6K / P 98.8K)
6. $INTC 196.6K (C 104.9K / P 91.6K)
7. $PAA 189.7K (C 189.7K / P 0.0K)
8. $NVDA 182.7K (C 88.8K / P 93.9K)
9. $PAGP 176.4K (C 176.4K / P 0.0K)
10. $NFLX 165.0K (C 45.5K / P 119.6K)
Well this is a delightful notification after running $75,000 through this card, I finally got an increase!
Did anyone else get one of these notifications? $HOOD
Welp, got stopped out on $NOW over night.
You win some you lose some.
On to the next one!


