Week 1: How I Made $2,235 This Week Using Smart Options Strategies (Plus $1,114 Still Working)
Trades for Jun 2-6, 2025
Hey everyone!
I wanted to share some insights from my recent trading activity this week. As someone who's been increasingly interested in options strategies, I executed several trades across multiple days and tickers that I think are worth discussing – both for what they reveal about my current market outlook and as learning opportunities.
Let me break down the action by stock ticker to tell the complete story of each position.
ABNB (Airbnb) - The Perfect Covered Call Execution
June 3rd: I initiated a classic covered call position:
Bought 300 shares at $131.21 for $39,363
Sold 3 call options with $132 strike, expiring June 6th at $1.50 each ($450 total premium)
This was a textbook covered call setup. I was bullish enough on ABNB to own the shares, but I collected premium by selling calls just $0.79 above my purchase price. The tight spread meant I was comfortable either keeping the shares or having them called away for a small profit.
Market Update (June 6th close): ABNB closed around $137.29, significantly above our $132 strike. My shares got called away, but this is exactly how covered calls are supposed to work when done right!
ABNB Results:
Premium collected: $450
Stock profit: $237 ($132 strike - $131.21 cost = $0.79 × 300 shares)
Total profit: $687
Current position: Closed - all shares called away
ASML (ASML Holding) - Taking Profits and Generating New Income
June 3rd: I had a great profit-taking opportunity:
Closed previous position: Bought back 2 calls at $820 strike for $430, sold 1 call at $720 strike for $3,797, sold 1 call at $900 strike for $33
Net profit from closure: $1,500
Sometimes the best trade is knowing when to take profits and walk away. ASML had been on a tear, and rather than get greedy, I locked in gains while the market was giving me good exit prices.
June 6th: But I wasn't done with ASML! I'm holding 100 shares and decided to generate income:
Sold 1 call at $785 strike (June 13 expiry) for $3.67 = $366 premium
Classic covered call setup on my existing ASML position. I'm comfortable holding these shares, but happy to collect $366 while I wait. If ASML runs past $785 by next Friday, my shares get called away for a nice gain plus the premium.
ASML Results:
Closed position profit: $1,500
New premium collected: $366
Current position: 100 shares + 1 short call at $785 strike (expires June 13)
UBER (Uber Technologies) - Clean Covered Call Setup
June 4th: I spotted a good opportunity in the ride-sharing space:
Bought 100 shares at $83.81 for $8,381
Sold 1 call option with $85 strike, expiring June 13th at $1.58 ($158 premium)
Another covered call play, but this time with a tighter spread - only $1.19 buffer to the strike price. With UBER already trading above $85, this position is likely to be called away, but that's perfectly fine! I'll collect the premium plus the stock appreciation to the strike price.
UBER Results:
Premium collected: $158
Current position: 100 shares + 1 short call at $85 strike (expires June 13)
Status: Likely to be called away for additional profit ($85 strike - $83.81 cost = $1.19 × 100 shares = $119 stock profit)
RDDT (Reddit) - From Simple Calls to Strategic Rolling
June 3rd: Started with a straightforward meme stock play:
Sold 1 call at $117 strike (June 6 expiry) for $140
A small position on the volatile Reddit stock. I was betting on sideways action and collecting premium.
June 6th: With expiration day here, I executed a smart rollover strategy:
Closed the original $117 call by buying it back for $0.92 ($48 profit on this leg)
Opened new short calls at higher strikes:
Sold $120 call (June 13 expiry) for $2.97
Sold another $120 call (June 13 expiry) for $2.93
This is a classic roll-up and roll-out. I took profit on the original $117 call, then sold new calls at a higher strike with more time. Smart way to extend the trade while improving my strike price and collecting more premium.
RDDT Results:
First call profit: $48 ($1.40 collected - $0.92 to close)
New premium collected: $590 (2 calls at ~$2.95 each)
Total RDDT profit so far: $638
Current position: 2 short calls at $120 strike (expires June 13)
Market Environment & Strategy Thoughts
Current Market: We're in an interesting spot where tech has been strong but there's still uncertainty about rates and macro conditions. I'm using options to generate income while maintaining exposure to stocks I actually want to own.
Strategy Diversity: This week showed multiple approaches working:
Covered calls for stocks I want to own (ABNB, UBER, ASML)
Naked calls for pure premium plays (RDDT)
Rolling techniques to extend profitable trades (RDDT)
Profit-taking discipline when positions work (ASML closure)
Risk Management: Notice I'm not going crazy with leverage or size. These positions are appropriately sized, and I'm using options to enhance returns on stocks I'm comfortable owning.
What's Next?
With ABNB and first RDDT calls closed profitably, here's what I'm monitoring:
UBER: Likely to be called away at $85 for total profit of ~$277 ($158 premium + $119 stock gain)
ASML: Will it respect the $785 level through June 13th?
RDDT: Two $120 short calls expire June 13th - will the meme stock energy stay contained?
Looking for new covered call opportunities with the called-away ABNB capital
The key lesson from this week: systematic options income strategies work. Even when calls finish in-the-money (like ABNB), proper strike selection means you're profitable either way.
The Numbers Summary
Total Profits Realized: $2,235 ($687 ABNB + $1,500 ASML + $48 RDDT) Premium Still Working: $1,114 ($366 ASML + $158 UBER + $590 RDDT) Capital at Risk: $8,381 (UBER shares only - ASML shares were pre-existing)
Disclosure: This is not financial advice! I'm sharing my trades for educational purposes. Always do your own research and never risk more than you can afford to lose.
What do you think of these moves? Are you using similar options strategies in this market environment? Let me know in the comments!
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