Theta Gang Strategies: Complete Guide to Selling Premium

Theta gang sells options and profits from time decay. While buyers need stocks to move, sellers profit from time passing.

Core Strategies

CSPs: Sell puts, collect premium. Covered Calls: Own shares, sell calls. The Wheel: CSPs + CCs in a cycle. Credit Spreads: Defined risk premium selling. Iron Condors: Profit from range-bound stocks.

Why It Works

OTM options expire worthless 70-80% of the time. Time works for you. Income is immediate. It compounds — 1%/week turns £10K into £16.8K in year one.

Getting Started

Start with one CSP on a stock under $50. Paper trade 20 times first. Size small. Track everything.