🔥 RUMble #1: Starting the Engine

Alright, let’s light this thing up.

This is the first official entry in my FIRE Engine journey — where I document every trade, premium, mistake, and milestone as I try to build a passive income machine one covered call at a time.

If you read the pinned post, you know what this is about. If not: I’m trying to replace my work income by stacking premium cash on a stock I already own.

No fluff. No hype. Just RUM, sweat, and slow gains.

📦 My Current Position

225.73 shares of $RUM
Price at time of post: $9.19
Goal: Get to 300 shares, then 400, and so on
Selling covered calls 1 contract at a time (for now)

🧾 Options Sold This Week

✅ 1x $RUM 7/18 $9 Call — Sold for $0.95

This was a covered call against 100 of my shares. If RUM is over $9 by July 18th, I might get assigned and sell those shares at $9 — but I still keep the $95 premium either way.

✅ 1x $RUM 10/17 $8 Call — Sold for $2.13

I sold this one slightly in the money against another 100 shares to generate a big up-front premium. That’s $213 in my account now. If it gets called away, I’ll be okay with it. That’s the deal — you trade some upside for guaranteed income.

Total Premium Collected This Week:

💰 $308 ($95 + $213)

🔁 Reinvesting the Premium

With $308 in hand, I’m already eyeing more $RUM shares. At $9.19/share, that’s another 33 shares soon to be added to the machine.

That gets me closer to 300 shares — which means three contracts — which means more premium — which means more compounding.

This is the part most people skip: don’t spend it. Stack it.

🎯 This Week’s Takeaway

This was a big week — the engine is officially running, and the wheels are turning. I’m now making weekly income from a stock I already owned, and honestly, that’s kind of wild.

But let me be real with you…

I had to roll both of these contracts way out—one into July, the other all the way into October.

Why? Because two weeks ago, $RUM had a surprise spike and I was sitting on covered calls that were about to get exercised early. I didn’t want to give up my shares just yet, so I rolled the contracts out farther to keep the shares and still lock in premium.

That’s part of the game. Sometimes you give up upside for stability. Sometimes you delay income to keep the machine intact.

⚠️ Heads up: Next week might be quiet.

Since I’ve already sold two contracts weeks in advance, I may not be making much next week. That’s the trade-off for adjusting mid-move. But I’ll break all that down as it happens so we can learn this thing together — the wins and the messes.

Because let’s be honest: no one learns from the perfect trades. We learn from the scrappy ones that make us think, “Okay, how do I handle this better next time?”

🎁 Want to Start Yours?

If you want to try the FIRE Engine strategy yourself, I use Robinhood to run mine. It’s clean, simple, and lets you sell covered calls without all the nonsense.

🧯 See you next Friday for RUMble #2.

Let’s see what this engine can really do.