I’ve been selling options for a few years now, mostly sticking to CSPs and some wheel strategy setups. Overall it’s been working pretty well for me, and I’ve rarely been assigned, so risk has felt manageable.
The issue is I’ve never really been able to scale the account. Every time I build it up to around $20k+ in profits, I end up pulling money out for other things like real estate. So instead of compounding, I keep resetting my base capital.
For those of you who’ve been doing this longer term, how has your account actually grown over time? At some point, does options income realistically start covering your living expenses so you can reinvest the rest and scale into more contracts?
I feel like that’s the part people don’t really talk about. Most content out there is either super basic or just trying to sell something. Would be interesting to hear from people actually doing this consistently over multiple years.