ExpiredOptionsOptions Premium & Investing.
Fully Transparent.
Publicly Tracked.
ExpiredOptions is the public record of my real investment portfolio. I am a long-term buy-and-hold investor who uses covered calls, cash-secured puts, and LEAPS to generate premium and build positions over time. I publicly track my portfolio performance, options premium, LEAPS positions, and weekly trading activity.
Core Strategy Pillars
Buy and Hold as the Foundation
First and foremost, I am a buy-and-hold investor. I build positions in companies I believe have long-term upside and generally intend to hold those positions through market cycles. Options are used to enhance the portfolio, not replace the underlying investment strategy.
Covered Calls and Cash-Secured Puts
I sell covered calls against shares I already own and cash-secured puts on companies I am comfortable owning if assigned. I generally target lower-delta contracts, often around 0.10 to 0.20 delta, and favor shorter expirations.
LEAPS for Long-Term Exposure
I use LEAPS as a trial period toward potentially owning shares. I typically buy the furthest expiration available and target approximately 0.70 delta. Successful LEAPS may ultimately be exercised near expiration.
Defined Capital, No Margin
I do not sell naked options or use margin. Covered calls are backed by shares or qualifying long calls, and cash-secured puts are backed by cash.
Publicly Documented Portfolio Tracking
I have publicly documented my portfolio and options activity through weekly updates since July 2023. The goal is transparency: showing the gains, losses, premium collected, assignments, rolls, and positions that do not go as planned.
Learn Options Trading — Free Guides
New to options? I have created free educational guides covering the core concepts I use in my own portfolio — from selling covered calls and cash-secured puts to managing risk and selecting strikes.
How the Portfolio Compounds
2015–2020: Building the Portfolio
I started investing in 2015 with $50. My early focus was buying and selling individual stocks before eventually building a dividend-focused portfolio. By January 2021, the portfolio had grown to approximately $100,000.
2021–2022: Discovering Options
I sold my first covered call in 2021. After seeing the premium potential compared with dividend income, I gradually expanded my use of options and added cash-secured puts in 2022.
2023–2024: Putting the Strategy Together
I added LEAPS in 2023 and began publicly documenting my portfolio every week in July 2023. By 2024, covered calls, cash-secured puts, LEAPS, and my long-term stock portfolio were working together as one strategy.
2025–Present: Scaling the Portfolio
As the portfolio grew, I expanded across more than 100 tickers and regularly managed more than 150 open options positions. My focus remains the same: long-term ownership, conservative premium generation, diversification, and transparent public tracking.
⚠️ FINANCIAL DISCLAIMER
Expired Options documents my personal investment portfolio and options activity for educational and informational purposes. I am not a registered investment adviser or broker-dealer, and nothing on this website is personalized investment advice or a recommendation to buy or sell any security or options contract. Options involve substantial risk and are not appropriate for every investor. Past performance does not guarantee future results. Any investment or trading decision you make is your own responsibility.
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