Steady but boring: My selling put strategy
graph TD
A[Start] -->|Bullish or Neutral on NVDA| B{Sell NVDA Put at<br>OTM 2-3% }
B -->|Premium Received| C[Buy QQQ]
B --> D{Monitor Put}
D -->|Premium < 30%| E[Close Position]
E --> F[Reassess Market]
F -->|Bullish on NVDA| G[Sell New Put]
F -->|Neutral/Bearish| H[Wait for Better Entry]
D -->|14-21 DTE| I{OTM by > 3%?}
I -->|Yes| J[Let Expire]
I -->|No| K{Consider Rolling}
K -->|Roll| L[Roll to Next Week/Month]
K -->|Don't Roll| M[Prepare for Potential Assignment]
D -->|< 14 DTE & ITM| N[Roll or Prepare for Assignment]
N -->|Roll| O[Roll to Next Week/Month at<br> Higher Strike]
N -->|Assign| P[Sell Covered Call on NVDA]
P --> Q{Monitor Call}
Q -->|Premium < 30%| R[Close Call]
Q -->|Near Expiration| S{ITM?}
S -->|Yes| T[Roll Up and Out]
S -->|No| U[Let Expire]
B & P --> V{Weekly Review}
V --> W[Adjust Strategy if Needed]
W --> B