As we head into the final trading days of this week, I’m focusing closely on my short options positions set to expire on May 23, 2025 . Since I sold all of these contracts, my goal is for them to expire out-of-the-money (OTM) so I can keep the full premium collected — or, at the very least, buy them back at a lower price for a net profit.
Let’s walk through each position:
💼 1. UnitedHealth Group (UNH) - Call Option
- Date Opened: May 16, 2025
- Strike Price: $295
- Expiration Date: May 23, 2025
- Contracts: 1
- Entry Credit: $11.75
- Status: Open
I sold this UNH call just a few days ago with a relatively high strike price. UnitedHealth is a large-cap, blue-chip stock with historically low volatility, which makes it a solid candidate for premium selling strategies like this one. As long as UNH stays below $295 by Friday, this call should expire worthless — and I’ll keep the entire $11.75 credit per share.
Fingers crossed!
💉 2. Defiance Daily Target 2X Long MSTR ETF (MSTX)
- Put Option
- Date Opened: May 15, 2025
- Strike Price: $40
- Expiration Date: May 23, 2025
- Contracts: 1
- Entry Credit: $2.00
- Status: Open
This is a put I sold earlier in the week, betting that MSTX won’t drop below $40 before expiration. While stocks can be unpredictable, the time frame here is short, and the strike is well below the current market price — giving me a decent cushion.
If the stock remains above $40, I’ll collect the $2.00 premium. But if it starts trending downward, I may consider closing early to limit risk.
🧬 3. Direxion Daily TSLA Bull 2X Shares (TSLL)
- Put Option (3 Contracts)
- Date Opened: May 15, 2025
- Strike Price: $13
- Expiration Date: May 23, 2025
- Contracts: 3
- Entry Credit: $0.43 per contract
- Status: Open
I sold three OTM puts on TSLL, collecting just under $0.43 per contract. With such a small credit, this was a low-reward, calculated-risk trade. The idea is simple: if TSLL stays above $13 by Friday, all three contracts will expire worthless, and I’ll pocket the premium.
However, since TSLL is a volatile name, I’m keeping a close eye on any unexpected news or price swings that could threaten this position.
🚀 4.
Direxion Daily TSLA Bull 2X Shares (TSLL) - Call Option (3 Contracts)
- Date Opened: May 9, 2025
- Strike Price: $10
- Expiration Date: May 23, 2025
- Contracts: 3
- Entry Credit: $2.32 per contract
- Status: Open
This was a more aggressive premium-selling play. I sold three call contracts two weeks ago, anticipating that TSLL wouldn’t rise above $10 before expiration.
If TSLL stays under $10, I’ll keep the $2.32 per contract. If it spikes above, I might have to buy the calls back at a loss — or get assigned shares at $10 (which I’d only do if I were comfortable owning the stock at that price).
Final Thoughts
With all four positions expiring this week, my focus is on risk management and timely exits where necessary. Selling options can be a powerful income-generating strategy, but it comes with directional risk — especially when dealing with more volatile names like TSLL.
Here’s what I’ll be monitoring over the next few days:
- Stock movement , particularly in TSLL
- Implied volatility
- News flow around these companies
- Time decay acceleration as expiration nears
I’ll follow up after expiration to show how each trade performed and what adjustments I made (if any). Stay tuned for the results!
