When Ashley of Trading with Ashley introduced PTIR, the GraniteShares 2X Long PLTR Daily ETF, it struck me as an unusual but intriguing candidate. At around $16 a share at the start of the year, it offered just enough leverage to make covered calls and wheel trades meaningful without tying up too much capital.
I decided to document my PTIR trades here: a transparent journal of trades, premiums collected, and the inevitable lessons along the way.
Summary (Updated on 22 Apr 2026)
| Type | Platform | No of Closed Trades | Capital | Income | ROI | Open Trades |
|---|---|---|---|---|---|---|
| Stock | FT | 1 | 1,507.50 | $92.50 | 6.13% | – |
| Covered Calls | FT | 1 | – | $50.00 | 3.3% | – |
| Puts | FT | 1 | 1,700.00 | $130.00 | 7.45% | $100.00 |
| Total | 1,700.00 | $272.50 | $100.00 |
Technical Analysis
I did not look at PTIR chart closely before I started this strategy. It is currently on a downtrend. Although I have no issue keeping the capital in the trade but it would have been more effective if I have waited for a reversal confirmation.
My Trades
| Trades | Open Date | Expiration | Strike | Cost/ Premium | Status | ROI |
|---|---|---|---|---|---|---|
| Bought 100 shares It was trading at $15 which seems reasonable to own the shares rather than buy a LEAP. | 4 Jan 2026 & 23 Feb 2026 | – | – | $1,507.50/ $92.50 | Called Away | 6.135% |
| Covered call 1 Sold a high delta call and it was assigned and my shares were called away. | 24 Feb 2026 | 20 Mar 2026 (24 DTE) | 16.00 | $50.00 | Assigned | 3.3% |
| Short Put 1 Initiated the wheel strategy by selling a put. Price fell and I rolled it down and out. | 23 Mar 2026 | 17 Apr 2026 (25 DTE) | 17.45 | $130.00 | Rolled | 7.45% |
| Short Put 2 I could still collect $100 in premium for the roll. | 8 Apr 2026 | 15 May 2026 (37 DTE) | 17.00 | $100.00 | Open |
So far, I’ve cycled through buying shares, writing covered calls, and rolling puts as the market shifted.
Lessons So Far
Each trade has been a lesson in patience and adaptability. I am aware that I can be impatient, but I am glad I stayed disciplined.
Even though the premiums look modest individually, they compound into meaningful income.
I’ll keep updating this journal until the strategy closes—sharing not just the numbers, but the thought process behind them. Hopefully, it serves as a practical guide for fellow traders exploring income strategies with leveraged ETFs.
Disclaimer: This post is a personal account of my investing and trading journey. I’m not a financial adviser. Please perform your due diligence before investing.
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