Road to $100k - Week 39

Published: November 9, 2025

Week 39 Account Balance

Week 39 Performance Overview

  • Current Account Balance: $11,373
  • Cash Balance: $1,773
  • Realized gain of $3,030 (up +$93 from Week 38)
  • Government shutdown continues and is starting to impact markets
  • Michael Burry disclosed a short position targeting AI-related themes
  • Crypto-related names broadly pulled back
Week 39 Realized Gains

This week saw a modest pullback across several themes, with utilities remaining relatively stable compared to AI and crypto. I collected a few premiums, my motto goes collecting something is better than collecting nothing.

Portfolio Performance

Moving forward I will also provide my portfolio performance on a weekly basis. Some context: prior to focusing on options selling, I used this Schwab portfolio for regular trading, often making poor investment decisions. Looking back, we all learn through experience. Last year, I took a significant loss on a penny stock ($BBIG), which impacted my all-time performance. Currently, I'm down about -$1,453 despite contributing over $12.7K in deposits (last column). I began focusing exclusively on the wheel strategy in early 2024, which is why the past 1-year (+40.79%) and YTD (+32.08%) performance metrics are what truly matter for tracking this journey.

Week 39 Portfolio Performance

Market Recap

The ongoing government shutdown is beginning to weigh on sentiment and price action. Michael Burry’s announcement of a short position against AI-related themes added pressure to that segment. Crypto also pulled back, contributing to a more cautious tone in risk assets.

My Week 39 Trades

$AES

Entering this week, I held $AES $14 cash secured puts expiring 11/07 which expired worthless for a net profit of +$36.00. I opened a new $14 cash secured put expiring 11/14 for additional premium.

  • 10/30/2025 Sell to Open:
    • AES 11/07/2025 14.00 P
    • Quantity: 1
    • Net Profit: +$36.00 (expired worthless)
  • 11/06/2025 Sell to Open:
    • AES 11/14/2025 14.00 P
    • Quantity: 1
    • Net Credit: +$35.00

The utilities sector remains comparatively stable versus AI and crypto. I’ll continue to bid $AES as the Blackrock buyout remains on the horizon.

$MSTX

I was assigned on the $MSTX $15 cash secured put last Friday. This week I sold $15 covered calls for premium that expired worthless on Friday; realized gains will reflect on Monday.

  • 11/03/2025 Sell to Open:
    • MSTX 11/07/2025 15.00 C
    • Quantity: 1
    • Net Credit: +$25.00

I also had a $12 cash secured put opened last week for +$39.00 which was assigned this week at an adjusted cost basis of $11.61. In addition, the $14 CSP that I rolled down to $13 last week was assigned with an adjusted cost basis of $12.65.

  • 10/29/2025 Sell to Open:
    • MSTX 11/07/2025 12.00 P
    • Quantity: 1
    • Net Credit: +$39.00
  • 10/31/2025 Roll:
    • Buy to Close: MSTX 10/31/2025 14.00 P (Debit: -$20.00)
    • Sell to Open: MSTX 11/07/2025 13.00 P (Credit: +$55.00)
    • Net Credit: +$35.00

I now have 300 shares of MSTX with a adjusted cost basis around $13. I could sell covered calls at $13, but I plan to continue selling $15 calls to capture potential upside.

$PSKY

I sold $17 covered calls for a total net credit of +$8.00 on 2 contracts. While waiting on the WBD and PSKY merger to play out, I’m collecting premium rather than sitting idle. These calls expired worthless on Friday.

  • 11/03/2025 Sell to Open:
    • PSKY 11/07/2025 17.00 C
    • Quantity: 2
    • Premium: $0.04
    • Net Credit: +$8.00

$BULL

I sold covered calls at $12 and $12.5 strikes for a combined net credit of +$11. I’ll continue selling covered calls to lower my adjusted cost basis while reiterating that collecting something is better than collecting nothing.

  • 11/03/2025 Sell to Open:
    • BULL 11/07/2025 12.50 C
    • Quantity: 1
    • Premium: $0.04
    • Net Credit: +$4.00
  • 11/03/2025 Sell to Open:
    • BULL 11/07/2025 12.00 C
    • Quantity: 1
    • Premium: $0.07
    • Net Credit: +$7.00

Looking Ahead

This was a relatively light week amid the pullback. I’ll continue selling covered calls in the coming weeks and stay alert for any progress on a government shutdown deal, which could drive a reversal.

What I'm Holding Now

As of November 9, 2025, here's what's in my portfolio:

  • $AES $14 cash secured puts exp 11/14
  • 300 shares of $MSTX
  • 200 shares of $PSKY
  • 200 shares of $BULL
  • Weekly $100 deposit split between Wednesday and Friday
  • $1,773 cash balance for any opportunity