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EGO's avatar
May 9Edited

Thanks, very well constructed and explained.

As an underwriter, how can I start wanting to build a portfolio of about 500k? Do you have an initial list of stocks of the different baskets (dividend growth, high yield, etc ...)?

Thanks.

Finally, perhaps there is a mistake here: you consider the sizing at 48%, not 4.8% ...:

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Example:

$100,000 portfolio

KO at $60 with $60 strike puts

Conservative position (5% max)

Maximum position: 8 contracts (8 × $60 × 100 = $48,000, which is under $50,000)

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Mike Thornton's avatar

Thanks for the catch—and you’re right, that sizing line should read $4,800 (≈ 4.8 %), not 48 %. Fixing rn

As for a starter list on ~$500 k, it really depends on your income target and risk comfort, but here’s how I’d illustrate it (education only):

Dividend-Growth (40 %) – JNJ, PG, KO, PEP (today’s blend still yields ~3 %).

High-Yield (25 %) – O, ARCC, ENB (current yields 5-9 % range).

Value-on-Sale (15 %) – UNH, GOOG trading below 25× FCF.

Option sleeve (20 %) – cash reserved for CSPs on the same tickers; if assigned, flip to covered calls.

Adjust the sliders to hit your own monthly paycheck number, then stage in over a few weeks.

I’m noodling a mini-series that walks through this build-out step by step—should help turn the framework into a full “journey.”

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PK Shrivastava's avatar

Thanks for the sharp, actionable options trading insights. The strategy is exceptionally well-structured, combining systematic trade execution with active management—particularly through monitoring Delta and price action. What makes it stand out is its ability to balance premium income with disciplined risk control, allowing traders to generate consistent and substantial returns. Definitely a must-attempt strategy for optimizing my options portfolio!

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