Itās been a full week in the RUMble Engine, and while the stock price took a dip, my confidence didnāt move an inch.
Letās break it down.
š RUM Dropped This Week ā Good.
RUM started the week up aroundĀ $8.92, and slowly dropped throughout, closing Friday at aroundĀ $8.60.
Most people would see red and freak out.
I saw green ā opportunity green ā and bought 5 more shares at $8.61, bringing my total to 239.393038 shares.
I didnāt do anything fancy. I didnāt overthink it.
The price dipped, so I bought more. Thatās the whole play.
šø I Still Have Two Covered Calls Working
Hereās whatās still running on my board:
- 1x $9 Call expiring July 18thĀ ā this one’s paying me while Theta eats it alive
- 1x $8 Call expiring October 17thĀ ā a longer-term income builder
Both were sold earlier for upfront premium. And even with the price drop this week, theyāre doing exactly what I want them to do.
š§ Let Me Explain Why I’m Not Worried
People ask, āArenāt you losing money if the stock drops?ā
Nope. Because I donāt just own the stock ā I run a machine that gets paid whether the price goes up, down, or sideways.
And the real reason Iām able to stay calm is thanks to one of the Greeks ā Theta.
š§Ŗ Quick Greek Lesson (Keep This Simple)
Options contracts are affected by things called āThe Greeks.ā Hereās the only one you need to care about this week:
Theta = Time Decay
Every day that passes, my open call contracts lose value simply because time is ticking. I already got paid when I sold them ā so that decay is profit for me.
This week:
- My $9 call dropped from $0.85 toĀ $0.68
- Iām over 60% profitable on it now ā even though the stock dropped!
Thatās Theta.
Thatās the machine.
š Weekly Recap
- šĀ RUM droppedĀ from $8.92 ā $8.60
- š IĀ bought more shares at $8.61
- šĀ Share total:Ā 239.393038
- š§¾Ā Options active:Ā $9 (Jul 18), $8 (Oct 17)
- šøĀ Premiums already collected:Ā $365
- šĀ Current cost basis (adjusted):Ā ~$6.34/share
- šĀ Cash on hand:Ā $0 ā I deploy everything into share growth
- š§ Ā Emotional reaction:Ā None
š® Whatās Next?
- Iām watching that $9 call ā if it dips near $0.30, I may close it early and reload for more premium.
- The $8 October call stays untouched for now ā itās got plenty of time left to burn down.
- Iāll keep adding shares on red days and selling calls on green ones.
- And Iāll keep letting Theta do the heavy lifting behind the scenes.
š Final Word:
Iām not trading. Iām operating.
The RUMble machine doesnāt care about short-term dips.
It cares about premium, patience, and stacking shares until this machine pays me $1,000 a week.
And this week?
ā
Bought low
ā
Collected Theta
ā
Let it ride
Stick around. Iāll post the next checkpoint after the weekend.
The snowballās rolling, and itās just getting started.
š Wanna Start Building Your Own RUMble Machine?
Grow wealth. Stack shares. Collect premium.
And hey ā grab some FREE STOCKS and FREE MONEY while youāre at it.
I use Robinhood to run this machine, and if youāre curious or ready to build your own:
š Start your own account here ā youāll get free stocks just for signing up.
join.robinhood.com/ryanr886
No pressure ā but if you’re gonna play the game, you might as well start with a little house money.