A 38-year-old office worker learns options only by reading posts online. His account currently has $670k.

He says his return was 118% last year and 53% so far this year; the previous year also had more than 40% gains.
His account originally only bought index funds.
The 2025 tariff shock caused a clear drawdown in his account. After that, he started choosing the underlying assets himself, selling cash-secured put options.
This kind of trade is: first set aside enough money to buy the stock, then sell a put option to collect the premium. If, at expiration, the stock price falls below the agreed strike price, he has to use that cash to buy the shares.
He never uses margin. He mainly picks volatile growth stocks such as PLTR, SMCI, ASTS, RKLB, and SOFI, and more recently has started trading SOXL and SOXS.
He initially sold 45-day expiry contracts, later shortened to 30 days; now he mostly trades only one-week contracts and is unwilling to hold positions over the weekend.
If a contract earns more than 50% quickly during the week, he closes it early and switches to the next underlying.
Most recently, he closed a contract already up 70% to 80%. After reopening, he expects to collect about $9,000 in premium that week.
If, at expiration, the stock price is below the strike price, he will buy the shares using the reserved cash, and then sell them on the first day when the price rises.
Because he doesn’t use margin, he doesn’t receive margin calls, but if the stock keeps falling, the shares he buys will continue to lose money as well.