Weekly Wheel Income — Week of 2025-10-18

Sell assets to pay rent or run generate income on these assets, by selling puts and calls?!

I’m building a new business and need to pay the rent while I’m not making any money.

An intro to the topic can be found here. This post is about my progress so far.

My general mindset is that I do this on assets I’ve been holding anyway, so I’m directionally aligned on them. Again, rather than selling assets, I try to make income with them.

Snapshot

(generated by Days to Expiry)

What worked

• Gold and Uranium kept going up, allowing me to sell at-the-money puts with a juicy yield.

• Scanner usage has enabled me to find better opportunities with high ROI.

What didn’t work

• My directional trade of trying to get back into gold isn’t working; at-the-money puts are not being assigned.

• Sized position wrong and will have multiple covered calls that will be assigned at the end of the week, with a large opportunity cost.

Next week

• Improve position sizing by max 20-30% of a position to ensure upside.

• Roll back into Gold and Uranium assignments via puts (potentially aiming for a lower strike, not to get caught in a correction).

Income Summary (YTD)

• Total premiums: $4012

• Trades (opened/closed): 22/8

• Weekly ROI: 0.84%

Additional Notes

I started about three weeks ago and have been learning many lessons. The best way to do this is to start with a small, short-term horizon for faster iteration.

What I wrestle with most when selling calls and puts is the fear of missing out on an opportunity. Gold last week was the perfect example.

Covered calls did deliver some yield, but with the straight-up moves of last week, getting assigned and missing out is a real risk.

This is not covered calls related, but I might need to be a bit more aggressive on gold/btc upside rather than just holding the underlying.

Disclosures

Educational only. Not advice. Options carry risk. I may hold the positions mentioned.