Weekly Preset: Fast Theta, High Annualized Returns
The Weekly preset surfaces 7-day options that decay fastest. Higher annualized returns, more management — perfect for active traders.
What this preset does
The Weekly preset focuses on contracts expiring within 7 days:
- DTE = 0–7
- Liquid contracts only
- Reasonable price floor
Weekly options have the steepest theta decay curve and the highest annualized yields. They're also the most demanding in terms of management.
When to use it
- You can check positions daily.
- You want maximum income velocity on capital.
- You enjoy the rhythm of weekly Friday expiries.
When not to use it
- You travel frequently or can't manage active positions.
- You're new to options selling — gamma risk is much higher near expiration.
A worked example
Friday morning workflow:
- Open the Put screener.
- Apply Weekly Put preset.
- Set Delta = −0.20 to −0.15.
- Set Earnings Excluded = on.
- Sort by Annualized Return descending.
- Sell 3–5 contracts.
Expect to roll or close most by next Wednesday/Thursday.
Common mistakes
1. Selling 0-DTE without size discipline. The closer to expiration, the larger the gamma. A safe 0.20-delta CSP can become a 0.80-delta nightmare overnight.
2. Ignoring the "Wednesday weeklies". Many tickers offer weekly expirations on Wednesdays too. The screener picks them up automatically.
Where to go next
- Read DTE filter for the underlying mechanic.
- Read Gamma filter (Ultra) for risk near expiration.
- Compare with Monthly Wheel preset.
Frequently Asked Questions
Are weekly options too risky for beginners?
Weeklies amplify both reward (faster theta) and risk (higher gamma). Beginners typically run 30–45 DTE monthlies for a few cycles, then add weeklies as they get comfortable with management.