May 2026 options recap π
25 positions. 100% win rate. $7,041 net.
2026 running total: $14,979 across 61 positions.
QCOM alone generated $2,068 across 3 diagonals:
β $180C spread: $1,041 in 3 days
β $190C spread: $526 in 11 days
β $200C spread: $501 in 3 days
A note on the win rate: several positions showed negative P&L for the month in isolation. But every one of them was the final close of a roll chain that had already collected more than enough premium in prior months. Viewed end-to-end, every chain closed profitable.
That's the real power of rolling β the premium compounds across months, and the final close is just the last chapter of a winning trade.
Avg hold: 11 days (down from 21 in Q1)
Full breakdown β optioncredits.com/may-2026-oβ¦$QCOM$CRCL$ORCL$CRWV$BABA$IBM$RDDT$COIN#OptionsTrading#PMCC#DiagonalSpread#OptionSelling#TradingRecap
Poor Man's Covered Call (PMCC) β Round 2
$INTC | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $100 Call (LEAPS) @ $45.92
π΄ Sell to Open: 1x Jul 17, 2026 $150 Call @ $6.22
π΅ Net Debit: $3,970
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#INTC
Poor Man's Covered Call (PMCC) β Round 2
$RKLB | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $80 Call (LEAPS) @ $42.75
π΄ Sell to Open: 1x Jul 17, 2026 $130 Call @ $6.55
π΅ Net Debit: $3,620
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#RKLB
Closed β $INTC | PMCC β Full Position Closed
π΄ Sell to Close: Jan 15, 2027 $100 Call @ $45.00/share
π΅ Cost Basis After Roll: $3,912
π Profit: $588
π Return: 15.03%
π Annualized Return: 171.5% (held 32 days)
Active management on the short call helped lock in a strong profit on this one. πͺ
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#INTC
Closed the Short Call β $INTC
π’ Buy to Close: 1x Jun 18, 2026 $150 Call @ $27
π΅ Updated Cost Basis: $3,912
π’ Still Open: Jan 15, 2027 $100 Call (LEAPS)
Not much premium left on this one β closing it out and will sell a new call with higher premium soon. Stay tuned! π
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#INTC
Poor Man's Covered Call (PMCC) β Round 2
$RKLB | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $80 Call (LEAPS) @ $42.75
π΄ Sell to Open: 1x Jul 17, 2026 $130 Call @ $6.55
π΅ Net Debit: $3,620
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#RKLB
Closed the Short Call β $CRCL
π’ Buy to Close: 1x Jun 18, 2026 $145 Call @ $4
π΅ Updated Cost Basis: $3,954
π’ Still Open: Jan 15, 2027 $95 Call (LEAPS)
Not much premium left on this one β closing it out and will sell a new call with higher premium soon. Stay tuned! π
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#CRCL
Poor Man's Covered Call (PMCC) β Round 3
$CRCL | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $95 Call (LEAPS) @ $46.27
π΄ Sell to Open: 1x Jun 18, 2026 $145 Call @ $6.77
π΅ Net Debit: $3,950
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#CRCL
Poor Man's Covered Call (PMCC)
$RKLB | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $90 Call (LEAPS) @ $41.10
π΄ Sell to Open: 1x Jul 17, 2026 $140 Call @ $5.70
π΅ Net Debit: $3,540
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#RKLB
Closed the Short Call β $OKLO
π’ Buy to Close: 1x Jun 18, 2026 $90 Call @ $5
π΅ Updated Cost Basis: $2,600
π’ Still Open: Jan 15, 2027 $55 Call (LEAPS)
Not much premium left on this one β closing it out and will sell a new call with higher premium soon. Stay tuned! π
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#OKLO
Poor Man's Covered Call (PMCC) β Roll
$OKLO | New Short Call
π Buy to Close: 1x May 15, 2026 $90 Call
π΄ Sell to Open: 1x Jun 18, 2026 $90 Call
π° Additional Credit: $445
π΅ Updated Cost Basis: $2,595
π’ Still Open: Jan 15, 2027 $55 Call (LEAPS)
Continuing to collect premium to reduce cost basis. πͺ
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#OKLO
Cash Secured Put (CSP) β Roll
$HOOD | $85 Strike to $83 Strike
π Buy to Close: 1x May 15, 2026 $85 Put
π΄ Sell to Open: 1x Jun 12, 2026 $83 Put
π° Additional Credit: $20
π Total Credit Received: $670
Keeping the position alive and collecting more premium. πͺ
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#CashSecuredPuts#HOOD
Closed the Short Call β $INTC
π’ Buy to Close: 1x Jun 18, 2026 $150 Call @ $27
π΅ Updated Cost Basis: $3,912
π’ Still Open: Jan 15, 2027 $100 Call (LEAPS)
Not much premium left on this one β closing it out and will sell a new call with higher premium soon. Stay tuned! π
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#INTC
Poor Man's Covered Call (PMCC)
$INTC | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $100 Call (LEAPS) @ $47.08
π΄ Sell to Open: 1x Jun 18, 2026 $150 Call @ $8.23
π΅ Net Debit: $3,885
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#INTC
Poor Man's Covered Call (PMCC)
$RKLB | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $90 Call (LEAPS) @ $41.10
π΄ Sell to Open: 1x Jul 17, 2026 $140 Call @ $5.70
π΅ Net Debit: $3,540
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#RKLB
Poor Man's Covered Call (PMCC) β Round 2
$MRVL | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $200 Call (LEAPS) @ $99.10
π΄ Sell to Open: 1x Jul 17, 2026 $320 Call @ $14.40
π΅ Net Debit: $8,470
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#MRVL
Poor Man's Covered Call (PMCC) β Round 2
$MRVL | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $200 Call (LEAPS) @ $99.10
π΄ Sell to Open: 1x Jul 17, 2026 $320 Call @ $14.40
π΅ Net Debit: $8,470
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#MRVL
Poor Man's Covered Call (PMCC) β Round 2
$GLW | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $150 Call (LEAPS) @ $70.77
π΄ Sell to Open: 1x Jul 2, 2026 $220 Call @ $8.52
π΅ Net Debit: $6,225
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#GLW
Closed β $MRVL | PMCC β Full Position Closed
π΄ Sell to Close: Both Legs @ $112.00/share
π΅ Initial Outlay: $10,840
π Profit: $360
π Return: 3.32%
π Annualized Return: 1,211.8% (held 1 day)
Took profit early β no need to wait for expiration. πͺ
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#MRVL
Poor Man's Covered Call (PMCC)
$MRVL | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $240 Call (LEAPS) @ $124.63
π΄ Sell to Open: 1x Jun 18, 2026 $360 Call @ $16.23
π΅ Net Debit: $10,840
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#MRVL
Poor Man's Covered Call (PMCC)
$MRVL | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $240 Call (LEAPS) @ $124.63
π΄ Sell to Open: 1x Jun 18, 2026 $360 Call @ $16.23
π΅ Net Debit: $10,840
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#MRVL
Closed β $GLW | PMCC β Full Position Closed
π΄ Sell to Close: Both Legs @ $67.45/share
π΅ Initial Outlay: $6,500
π Profit: $244
π Return: 3.75%
π Annualized Return: 1,368.8% (held 1 day)
Took profit early β no need to wait for expiration. πͺ
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#GLW
Poor Man's Covered Call (PMCC)
$GLW | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $155 Call (LEAPS) @ $69.48
π΄ Sell to Open: 1x Jun 18, 2026 $230 Call @ $4.48
π΅ Net Debit: $6,500
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#GLW
Poor Man's Covered Call (PMCC) β Round 4
$QCOM | Diagonal Spread
π’ Buy to Open: 1x Oct 16, 2026 $190 Call (LEAPS) @ $70.80
π΄ Sell to Open: 1x Jun 18, 2026 $270 Call @ $8.30
π΅ Net Debit: $6,250
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#QCOM
Poor Man's Covered Call (PMCC)
$GLW | Diagonal Spread
π’ Buy to Open: 1x Jan 15, 2027 $155 Call (LEAPS) @ $69.48
π΄ Sell to Open: 1x Jun 18, 2026 $230 Call @ $4.48
π΅ Net Debit: $6,500
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#GLW
Poor Man's Covered Call (PMCC) β Round 4
$QCOM | Diagonal Spread
π’ Buy to Open: 1x Oct 16, 2026 $190 Call (LEAPS) @ $70.80
π΄ Sell to Open: 1x Jun 18, 2026 $270 Call @ $8.30
π΅ Net Debit: $6,250
Goal: Sell premium each cycle to reduce cost basis over time. π°
If the time is right β we may close early for profit. β
#OptionTrading#OptionCredits#OptionSelling#PMCC#DiagonalSpread#QCOM