Joe Yurillo

You guys deserve this!

Here is where I stand with my open options for cash generation. Put Credit Spreads 🟢 1 $SPX 2/20 P $6575/$6625 4% OTM. 🟢 1 $SPX 3/20 P $6580/$6630 4% OTM. 🟡 1 $SPX 4/17 P $6725/$6775 2% OTM. 🟡 1 $SPX 5/15 P $6800/$6850 1% OTM. (Calculations based on 1/23 Market Close) My next trade will expire in 25 days. So far, so good. Iron Condors 🟢🟡 16 $AMAT 2/20 P $270/$280 13% OTM, C $330/$340 2% OTM. 🟢🟢 16 $AMD 2/20 P $215/$225 13% OTM, C $270/$280 4% OTM. 🟢🟢 16 $AVGO 2/20 P $300/$310 3% OTM, C $365/$375 14% OTM. 🟢🟢 8 $COST 3/20 P $830/$850 14% OTM, C $1040/$1060 6% OTM. 🟡🟢 7 $CRWD 2/20 P $430/$450 1% OTM, C $500/$520 10% OTM. 🟢🟢 8 $MDB 3/20 P $320/$340 15% OTM, C $550/$570 38% OTM. 🟢🟢 16 $MRVL 2/20 P $65/$75 7% OTM, C $100/$110 25% OTM. 🟢🟢 16 $MSFT 2/20 P $440/$450 3% OTM, C $515/$525 11% OTM. 🟢🟡 16 $MU 2/20 P $325/$335 16% OTM, C $390/$400 2% ITM. 🟢🟢 7 $PLTR 2/20 P $135/$145 15% OTM, C $210/$220 24% OTM. 🟡🟢 14 $SHOP 2/20 P $125/$135 2% OTM, C $200/$210 45% OTM. 🟢🟢 15 $SNOW 2/20 P $190/$200 5% OTM, C $240/$250 14% OTM. 🟢🟢 1 $SPX 2/20 P $6290/$6340 8% OTM, C $7160/$7210 4% OTM. (Calculations based on 1/23 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. Last week, I adjusted several trades by rolling the untested side to around a 15 delta. This captures an extra premium while reducing my maximum loss. As I update this, I realize I forgot to roll my $SHOP trade. All my February expiry trades will reach 21 days on Friday. This week will be critical for the trades that are currently underperforming. For most of them, I plan to close for a small profit or loss, while those that aren’t challenged will allow to run into next week. Cash-Secured Puts 🟢 1 $AMD 2/20 $200 23% OTM. 🟢 1 $ATI 2/20 $115 7% OTM. 🟢 1 $CIEN 2/20 $200 10% OTM. 🟢 1 $CLS 2/20 $250 18% OTM. 🟡 1 $TWLO 2/20 $125 3% OTM. (Calculations based on 1/23 Market Close) My $TWLO trade bounced off the 200-day moving average as I had hoped. It’s still the only trade that’s really close, but anything can happen. I will probably close my $AMD trade today since it has already captured 86% of the premium. I was planning to close it on Friday but decided to let it run a little longer to recover some of the losses I will likely incur on my iron condors. $CLS has earnings on Wednesday, so I will close that trade either today or tomorrow. Summary This will be a big week for me closing trades as they approach the 21-day sweet spot. As I start freeing the capital from these trades, I will look to place new trades for the March expiration.

Here is where I stand with my open options for cash generation. Put Credit Spreads 🟢 1 $SPX 2/20 P $6575/$6625 5% OTM. 🟢 1 $SPX 3/20 P $6580/$6630 4% OTM. 🟡 1 $SPX 4/17 P $6725/$6775 2% OTM. 🟡 1 $SPX 5/15 P $6800/$6850 1% OTM. (Calculations based on 1/16 Market Close) My first of these trades expired for maximum profit this past weekend. I placed a new trade for May. Iron Condors 🟢🟡 16 $AMAT 2/20 P $230/$240 27% OTM, C $330/$340 1% OTM. 🟢🟢 16 $AMD 2/20 P $175/$185 20% OTM, C $270/$280 16% OTM. 🟢🟢 16 $AVGO 2/20 P $300/$310 12% OTM, C $420/$430 19% OTM. 🟢🟢 8 $COST 3/20 P $830/$850 12% OTM, C $1040/$1060 8% OTM. 🟡🟢 7 $CRWD 2/20 P $430/$450 1% OTM, C $540/$560 19% OTM. 🟢🟢 8 $MDB 3/20 P $320/$340 15% OTM, C $550/$570 38% OTM. 🟢🟢 16 $MRVL 2/20 P $65/$75 7% OTM, C $100/$110 24% OTM. 🟡🟢 16 $MSFT 2/20 P $440/$450 2% OTM, C $515/$525 12% OTM. 🟢🟢 16 $MU 2/20 P $270/$280 23% OTM, C $390/$400 8% OTM. 🟢🟢 7 $PLTR 2/20 P $135/$145 15% OTM, C $210/$220 23% OTM. 🟢🟢 14 $SHOP 2/20 P $125/$135 13% OTM, C $200/$210 28% OTM. 🟢🟢 15 $SNOW 2/20 P $190/$200 5% OTM, C $240/$250 14% OTM. 🟢🟢 1 $SPX 2/20 P $6290/$6340 9% OTM, C $7160/$7210 3% OTM. (Calculations based on 1/16 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. Three of these are being heavily tested on one side. I’ve moved the untested side closer to the money to help generate additional premium while reducing my maximum loss. I also moved in a few of the others that had gone far out of the money. Cash-Secured Puts 🟢 1 $AMD 2/20 $200 14% OTM. 🟢 1 $ATI 2/20 $115 8% OTM. 🟢 1 $CIEN 2/20 $200 18% OTM. 🟢 1 $CLS 2/20 $250 20% OTM. 🔴 1 $TWLO 2/20 $125 5% ITM. (Calculations based on 1/16 Market Close) I closed my $ALAB and $NBIS trades, both for a profit. Although it took 115 days, I made $291 on my $ALAB trade. When I sold the first put, the stock price was $242.91, and I sold a $220 put. During that time, I was able to roll my put from $220 down to $170, earning a profit each step of the way. The final strike was $170, and I closed the trade when the stock price was in the mid-$170s. Had I purchased the stock on Day 1, I would have lost close to $7,000, so I am quite pleased with my $291 win. With the capital freed up from closing those trades, I placed new trades on $ATI and $B. Currently, my $TWLO trade is the only one at risk, so I might roll it out a month. It’s just above the 200-day moving average, and I will close it at a loss instead of rolling if it drops below that. Summary I’m not planning to make any new trades right now. My current total Theta is about $883, so I’ll wait and see how that progresses. I might also keep adjusting some of my ICs to try to gain more profit.

Here is where I stand with my open options for cash generation. Put Credit Spreads 🟢 1 $SPX 1/16 P $6650/$6700 4% OTM. 🟢 1 $SPX 2/20 P $6575/$6625 5% OTM. 🟢 1 $SPX 3/20 P $6580/$6630 5% OTM. 🟡 1 $SPX 4/17 P $6725/$6775 3% OTM. (Calculations based on 1/9 Market Close) My first of these trades will expire on Friday. I plan to place a trade for May this week. Iron Condors 🟢🟢 16 $AMAT 2/20 P $230/$240 20% OTM, C $330/$340 10% OTM. 🟢🟢 16 $AMD 2/20 P $175/$185 9% OTM, C $270/$280 33% OTM. 🟢🟢 16 $AVGO 2/20 P $300/$310 10% OTM, C $420/$430 22% OTM. 🟢🟢 8 $COST 3/20 P $830/$850 8% OTM, C $1040/$1060 12% OTM. 🟢🟢 7 $CRWD 2/20 P $430/$450 4% OTM, C $540/$560 15% OTM. 🟢🟢 8 $MDB 3/20 P $320/$340 17% OTM, C $550/$570 35% OTM. 🟢🟢 16 $MRVL 2/20 P $65/$75 10% OTM, C $100/$110 20% OTM. 🟢🟢 16 $MSFT 2/20 P $440/$450 6% OTM, C $540/$550 13% OTM. 🟢🟢 16 $MU 2/20 P $250/$260 25% OTM, C $390/$400 13% OTM. 🟢🟢 7 $PLTR 2/20 P $135/$145 18% OTM, C $230/$240 30% OTM. 🟢🟢 14 $SHOP 2/20 P $125/$135 18% OTM, C $200/$210 22% OTM. 🟢🟢 15 $SNOW 2/20 P $190/$200 9% OTM, C $260/$270 19% OTM. 🟢🟡 1 $SPX 2/20 P $6290/$6340 9% OTM, C $7160/$7210 3% OTM. (Calculations based on 1/9 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. As I mentioned last week, I closed my $AMD and $FSLR trades. I then placed new trades for $AMAT, $AMD, $COST, $MDB, $MRVL, and $MU. Cash-Secured Puts 🔴 1 $ALAB 1/30 $170 5% ITM. (Cost basis of $157 if assigned) 🟡 1 $AMD 2/20 $200 2% OTM. 🟢 1 $CIEN 2/20 $200 13% OTM. 🟢 1 $CLS 2/20 $250 17% OTM. 🟢 2 $NBIS 1/30 $93 5% OTM. (Cost basis of $83 if assigned) 🟢 1 $TWLO 2/20 $125 5% OTM. (Calculations based on 1/9 Market Close) $ALAB and $NBIS were previously rolled down to a lower strike for a credit. I’ve been doing this for a few months now. I will look to roll or close both this week, depending on how the market moves. I closed my $HIMS trade for a slim $16 profit. Much better than a loss! I placed new trades on $AMD, $CIEN, $CLS, and $TWLO. Summary I’ll keep looking for chances to close these trades early. I don’t plan to make any new trades this week, but I’ll think about rolling the untested side of some of my Iron Condors if it makes sense.

Here is where I stand with my open options for cash generation. Put Credit Spreads 🟡 1 $SPX 1/16 P $6650/$6700 2% OTM. 🟢 1 $SPX 2/20 P $6575/$6625 3% OTM. 🟢 1 $SPX 3/20 P $6580/$6630 3% OTM. 🟡 1 $SPX 4/17 P $6725/$6775 1% OTM. (Calculations based on 1/2 Market Close) Only 11 days remaining until my first trade expires. Iron Condors 🟢🟢 14 $AMD 1/16 P $175/$185 17% OTM, C $240/$250 7% OTM. 🟢🟢 16 $AVGO 2/20 P $300/$310 11% OTM, C $420/$430 21% OTM. 🟡🟢 7 $CRWD 2/20 P $430/$450 1% OTM, C $540/$560 19% OTM. 🟢🟢 14 $FSLR 1/16 P $210/$230 16% OTM, C $300/$320 9% OTM. 🟢🟢 7 $MSFT 2/20 P $430/$450 5% OTM, C $535/$555 13% OTM. 🟢🟢 8 $PLTR 2/20 P $135/$145 14% OTM, C $230/$240 37% OTM. 🟢🟢 14 $SHOP 2/20 P $125/$135 14% OTM, C $200/$210 27% OTM. 🟢🟢 15 $SNOW 2/20 P $190/$200 6% OTM, C $260/$270 20% OTM. 🟢🟢 1 $SPX 2/20 P $6290/$6340 8% OTM, C $7160/$7210 4% OTM. (Calculations based on 1/2 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. I have two trades left from January, $AMD and $FSLR, and plan to close them this week. Both are expected to generate significant returns. I rolled down the call side of my $CRWD to collect more premium, as it had gone far OTM. I placed new trades in $AVGO and $MSFT and will keep looking for new opportunities this week. Cash-Secured Puts 🟢 1 $ALAB 1/30 $170 5% OTM. (Cost basis of $157 if assigned) 🔴 3 $HIMS 1/16 $35 5% ITM 🔴 2 $NBIS 1/30 $93 3% ITM. (Cost basis of $83 if assigned) (Calculations based on 1/2 Market Close) $ALAB and $NBIS were previously rolled down to a lower strike for a credit. I’ve been doing this for a few months now. I closed some trades last week and plan to close $HIMS for a profit this week. $ALAB has experienced a little run and is looking good at the moment. Summary I expect to close out my remaining January trades this week and will also place some new ones. I prefer not to take trades around earnings, so I will look for some that fit.

Monthly Options Recap I’m changing how I give updates to focus on options performance because that’s what most followers look for. Since switching to longer-duration trades, results recaps will be posted once a month, but I will still provide weekly updates on my open trades. I am currently only trading three types of monthly trades, iron condors (IC), cash-secured puts (PUT) and put credit spreads (PCS). I did not close any PCS in December. Iron Condors Since the market has had very little movement over the past month or two, I've experienced great success with my iron condors. Some of the trades I closed early this month were carried over from November to secure larger wins. Similarly, I held two trades from December into January and will report on them next month. In total, I closed 10 iron condors, all of which were successful. The average trade returned 13.77% over 27 days. Cash-Secured Puts These were not as successful as my ICs. In most cases, if a trade goes against me, I roll it out another month, receive a credit, and lower the strike price. This happened with $ALAB and $NBIS, but I ended my $ETH campaign with a total loss of $713, most of which was realized in previous months. In total, I closed 12 puts, with only two resulting in losses. The average trade returned 1.48% profit over 27 days. Summary December turned out to be a stellar month, as I managed a profit of $15,160 on $226,535 in capital. I’m already off to a good start in January with a few trades that look poised to cash in big early in the month. We shall see. Stocks traded this month: $ALAB, $AVGO, $COST, $ETH, $HIMS, $HOOD, $IREN, $MRVL, $MSFT, $NBIS, $PLTR, $ROKU, $SOFI, $TSLA, $ZETA

Here is where I stand with my open options for cash generation. Put Credit Spreads 🟢 1 $SPX 1/16 P $6650/$6700 3% OTM. 🟢 1 $SPX 2/20 P $6575/$6625 4% OTM. 🟢 1 $SPX 3/20 P $6580/$6630 4% OTM. 🟡 1 $SPX 4/17 P $6725/$6775 2% OTM. (Calculations based on 12/26 Market Close) Only 19 days remaining until my first trade expires. Iron Condors 🟢🟢 14 $AMD 1/16 P $175/$185 14% OTM, C $240/$250 12% OTM. 🟢🟢 7 $CRWD 2/20 P $430/$450 6% OTM, C $600/$620 25% OTM. 🟢🟢 14 $FSLR 1/16 P $210/$230 15% OTM, C $300/$320 11% OTM. 🟢🟢 14 $HOOD 1/16 P $100/$110 7% OTM, C $150/$160 27% OTM. 🟢🟢 14 $MRVL 1/16 P $70/$80 7% OTM, C $105/$115 22% OTM. 🟢🟢 14 $NBIS 1/16 P $70/$80 9% OTM, C $105/$115 20% OTM. 🟢🟢 7 $PLTR 2/20 P $135/$145 23% OTM, C $230/$240 22% OTM. 🟢🟡 14 $ROKU 1/16 P $80/$90 20% OTM, C $115/$125 3% OTM. 🟢🟢 14 $SHOP 2/20 P $125/$135 21% OTM, C $200/$210 17% OTM. 🟢🟢 15 $SNOW 2/20 P $190/$200 11% OTM, C $260/$270 16% OTM. 🟢🟢 1 $SPX 2/20 P $6290/$6340 9% OTM, C $7160/$7210 3% OTM. 🟢🟢 7 $TSLA 1/16 P $410/$430 10% OTM, C $525/$545 10% OTM. (Calculations based on 12/26 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. Tomorrow, I will start closing my January 16 expiry trades, beginning with $ROKU. I will hold off on $AMD, $FSLR, and $TSLA since neither side is being contested right now, and I’ll squeeze out more profit. I rolled the put side down on $TSLA last week to collect extra premium. Cash-Secured Puts 🔴 1 $ALAB 1/16 $175 5% ITM. (Cost basis of $163 if assigned) 🔴 2 $ETH 1/16 $34 23% ITM. (Cost basis of $32 if assigned) 🟡 3 $HIMS 1/16 $35 2% ITM 🟡 3 $IREN 1/16 $41 2% ITM. 🔴 2 $NBIS 1/16 $95 8% ITM. (Cost basis of $85 if assigned) 🟢 4 $SOFI 1/16 $25 8% OTM. (Calculations based on 12/26 Market Close) $ALAB, $ETH, and $NBIS were previously rolled to a lower strike for a credit. I’ve been doing this for a few months now. I should easily be able to close my $SOFI trade this week. $HIMS and $IREN are close, so I may close or roll them out. I’ll consider closing my ITM trades instead of rolling them if I can come close to breaking even. Summary Over the next week or ten days, I will start closing my January expiry trades and placing new trades.

Here is where I stand with my open options for cash generation. Put Credit Spreads - 🟡 1 $SPX 1/16 P $6650/$6700 2% OTM. 🟢 1 $SPX 2/20 P $6575/$6625 3% OTM. 🟡 1 $SPX 3/20 P $6580/$6630 3% OTM. 🟡 1 $SPX 4/17 P $6725/$6775 1% OTM. (Calculations based on 12/19 Market Close) I sold my April spread on the morning of 12/18. I now have my full allotment with my January expiry 25 days from today. Iron Condors - 🟢🟢 14 $AMD 1/16 P $175/$185 13% OTM, C $240/$250 12% OTM. 🟢🟢 7 $CRWD 2/20 P $430/$450 6% OTM, C $600/$620 25% OTM. 🟢🟢 14 $FSLR 1/16 P $210/$230 14% OTM, C $300/$320 12% OTM. 🟢🟢 14 $HOOD 1/16 P $100/$110 9% OTM, C $150/$160 24% OTM. 🟢🟢 14 $MRVL 1/16 P $70/$80 5% OTM, C $105/$115 25% OTM. 🟢🟢 14 $NBIS 1/16 P $70/$80 11% OTM, C $105/$115 17% OTM. 🟢🟢 7 $PLTR 2/20 P $135/$145 25% OTM, C $230/$240 19% OTM. 🟢🟢 14 $ROKU 1/16 P $80/$90 17% OTM, C $115/$125 6% OTM. 🟢🟢 14 $SHOP 2/20 P $125/$135 20% OTM, C $200/$210 18% OTM. 🟢🟢 1 $SPX 2/20 P $6290/$6340 7% OTM, C $7160/$7210 5% OTM. 🟢🟢 7 $TSLA 1/16 P $370/$390 19% OTM, C $525/$545 9% OTM. (Calculations based on 12/19 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. My trades with a January expiry will reach 21 DTE this Friday. I’ll be monitoring them more closely this week to look for a chance to close, but I’ll likely wait until next week. I rolled the call side down on $AMD, $HOOD, and $NBIS to collect extra premium. I intended to roll the $TSLA put side up but forgot, and I’ll see if I can do that today. I added an $SPX IC after getting the idea from @optionincomer. I went a bit more conservative with it but still maintained a 3:1 ratio. Cash-Secured Puts - 🔴 1 $ALAB 1/16 $175 6% ITM. (Cost basis of $163 if assigned) 🔴 2 $ETH 1/16 $34 20% ITM. (Cost basis of $32 if assigned) 🟡 3 $HIMS 1/16 $35 2% OTM 🟡 3 $IREN 1/16 $41 3% ITM. 🔴 2 $NBIS 1/16 $95 6% ITM. (Cost basis of $85 if assigned) 🟢 4 $SOFI 1/16 $25 8% OTM. (Calculations based on 12/19 Market Close) $ALAB, $ETH, and $NBIS were previously rolled to a lower strike for a credit. I’ve been doing this for a few months now. It looks like I will be adding $IREN to the rolled group. As of now, I will be able to roll all of them out to a lower strike while still receiving a credit. Summary Over the next week or ten days, I will begin closing my January expiry trades and executing new trades.

Here is where I stand with my open options for cash generation. Put Credit Spreads - 🟡 1 $SPX 1/16 P $6650/$6700 1% OTM. 🟡 1 $SPX 2/20 P $6575/$6625 3% OTM. 🟡 1 $SPX 3/20 P $6580/$6630 3% OTM. (Calculations based on 12/16 Market Close) I got the idea for the $SPX trades from @TraderTravis and am experimenting with longer-duration spreads. I’ve been opening a new trade each month on the monthly expiry, selling it four months out. These three are trending well with an average return of 13% right now. I’m looking to sell my April spread now. Iron Condors - 🟢🟢 14 $AMD 1/16 P $175/$185 12% OTM, C $260/$270 24% OTM. 🟢🟢 7 $CRWD 2/20 P $430/$450 8% OTM, C $600/$620 23% OTM. 🟢🟢 14 $FSLR 1/16 P $210/$230 11% OTM, C $300/$320 16% OTM. 🟢🟢 14 $HOOD 1/16 P $100/$110 8% OTM, C $165/$175 38% OTM. 🟢🟢 14 $MRVL 1/16 P $70/$80 5% OTM, C $105/$115 25% OTM. 🟡🟢 14 $NBIS 1/16 P $70/$80 1% OTM, C $140/$150 73% OTM. 🟢🟢 7 $PLTR 2/20 P $135/$145 23% OTM, C $230/$240 23% OTM. 🟢🟢 14 $ROKU 1/16 P $80/$90 19% OTM, C $115/$125 4% OTM. 🟢🟢 14 $SHOP 2/20 P $125/$135 17% OTM, C $200/$210 23% OTM. 🟢🟢 7 $TSLA 1/16 P $370/$390 20% OTM, C $525/$545 7% OTM. (Calculations based on 12/16 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. $NBIS is facing pressure on the Put side but has avoided closing below the $80 strike. Premarket looks positive, so I hope to build some buffer since it’s my main concern right now. $TSLA is the only other trade not yet profitable, but I still have a $35 gap on the call side. I will roll the untested sides of my January-expiry trades to collect more premium. This is only for the ones that currently sit at a low delta. Cash-Secured Puts - 🔴 1 $ALAB 1/16 $175 21% ITM. (Cost basis of $163 if assigned) 🔴 2 $ETH 1/16 $34 22% ITM. (Cost basis of $32 if assigned) 🟢 3 $HIMS 1/16 $35 5% OTM 🔴 3 $IREN 1/16 $41 12% ITM. 🔴 2 $NBIS 1/16 $95 17% ITM. (Cost basis of $85 if assigned) 🟢 4 $SOFI 1/16 $25 6% OTM. (Calculations based on 12/16 Market Close) $ALAB, $ETH, and $NBIS were previously rolled to a lower strike for a credit. I’ve been doing this for a few months now. It looks like I will be adding $IREN to the rolled group. As of now, I will be able to roll all of them out to a lower strike while still receiving a credit. Summary I’m continuing to expand my Iron Condor positions while experimenting with some longer DTE. I’ve been pretty happy with how they’ve performed and how I’ve been able to manage them if one side faces challenges. As with most options, it works well until it doesn’t.

Here is where I stand after yesterday's changes: 1️⃣ $APP 19% 2️⃣ $PLTR 14% 3️⃣ $HOOD 13% 4️⃣ $TWLO 8% 5️⃣ $PATH 8% 6️⃣ $AMD 7% 7️⃣ $NBIS 6% 8️⃣ $IREN 5% 💰 $CASH 20% (Most of my cash is deployed selling puts/spreads on my current holdings and other stocks I track.)

Using the proceeds from selling $HIMS and $VST, I opened new positions in UiPath (PATH) and Twilio (TWLO). I’ve held both at different times over the past few years. In fact, about 6-7 years ago, $TWLO was my largest holding. I've been a big believer in $PATH since 2021 when they IPO'd. In hindsight, I was too early then, and I might be a little late now. For $TWLO, I feel like their growth is starting to accelerate, and the stock appears somewhat undervalued at the moment. I plan to let both investments play out over the next few quarters.

I sold my positions in Hims and Hers Health (HIMS) and Vistra Corp (VST), both of which I have held for over a year through my options and non-options accounts. I'm a little annoyed with myself because I told myself I would be quicker to sell a stock when I felt it was time to get out, yet I waited longer than I should have on both. $HIMS dropped below its 200-day moving average for the week ending 11/2 when it closed at $45.46. I didn’t sell until it dropped another 15%. $VST fell below its 200-day moving average for the week ending 11/23, then bounced back for a week before closing under it again this past Friday. At least I didn’t wait as long with this one. As you may know, I track various KPI on 100 different stocks every week and create a sort of composite score. Both of these stocks have fallen into the “Sell” category for me. Although I no longer hold these, I hope they both rebound and hit new all-time highs soon!

Here is where I stand with my open options for cash generation. Put Credit Spreads - 🟡 1 $SPX 1/16 P $6650/$6700 2% OTM. 🟢 1 $SPX 2/20 P $6575/$6625 4% OTM. 🟢 1 $SPX 3/20 P $6580/$6630 3% OTM. (Calculations based on 12/5 Market Close) I got the idea for the $SPX trades from @TraderTravis and am experimenting with longer-duration spreads. I’ve been opening a new trade each month on the monthly expiry, selling it four months out. These three are trending well with an average return of 17% right now. Iron Condors - 🟢🟢 14 $AMD 1/16 P $175/$185 15% OTM, C $260/$270 19% OTM. 🟢🟢 14 $HOOD 1/16 P $100/$110 17% OTM, C $165/$175 25% OTM. 🟢🟢 14 $NBIS 1/16 P $70/$80 18% OTM, C $140/$150 43% OTM. 🟢🟢 14 $PLTR 12/19 P $145/$155 15% OTM, C $190/$200 5% OTM. 🟢🟢 14 $PLTR 2/20 P $135/$145 20% OTM, C $230/$240 27% OTM. 🟢🟢 14 $ROKU 1/16 P $80/$90 10% OTM, C $115/$125 15% OTM. (Calculations based on 12/5 Market Close) For all these spreads, I place a GTC order to close after capturing 50-55% of the potential profits. If they don’t execute before 21 DTE, I will look to close or manage them for an additional week. A couple of points to note. I didn’t close my 12/19 $PLTR trade because I couldn’t understand why it wasn’t way more profitable. I had in my spreadsheet that my call spread was $210/$220 and still 15% out of the money. I realized on Saturday that it’s actually $190/$200 because I rolled it down a few weeks ago to collect additional premiums but forgot to note it in my spreadsheet. 🤦🏻‍♂️ I’ll close that today. Second point: I am experimenting with a longer-dated iron condor (IC) with the $PLTR 2/20/26 trade, and I have a GTC order in place. Cash-Secured Puts - 🔴 1 $ALAB 1/16 $175 9% ITM. 🔴 2 $ETH 1/16 $34 19% ITM. 🟢 3 $HIMS 1/16 $35 11% OTM 🟢 3 $IREN 1/16 $41 8% OTM. 🟢 2 $NBIS 1/16 $95 3% OTM. 🟢 4 $SOFI 1/16 $25 10% OTM. (Calculations based on 12/5 Market Close) Both $ALAB and $ETH were previously rolled to a lower strike for a credit. I’ve been doing this for a few months now. The remaining trades all seem to be in relatively good shape. Summary I spent the last week trying to figure out why I wasn’t making more money on my $PLTR trade, and luckily I figured it out before it turned unprofitable. As mentioned, I’ll close it today.

Current allocations as we begin a new week. 1️⃣ $APP 18% 2️⃣ $PLTR 14% 3️⃣ $HOOD 12% 4️⃣ $HIMS 11% 5️⃣ $VST 7% 6️⃣ $AMD 7% 7️⃣ $NBIS 7% 8️⃣ $IREN 5% 💰 $CASH 18% (Most of my cash is deployed selling puts/spreads on my current holdings and other stocks I track.) Applovin (APP) has been on a strong streak lately, up 15% last week and 33% over the past two weeks.

Current allocations as we begin a short week. 1️⃣ $APP 15% 2️⃣ $PLTR 13% 3️⃣ $HIMS 12% 4️⃣ $HOOD 11% 5️⃣ $VST 9% 6️⃣ $AMD 7% 7️⃣ $NBIS 6% 8️⃣ $IREN 6% 💰 $CASH 21% (Most of my cash is deployed selling puts/spreads on my current holdings and other stocks I track.) My cash positions has grown as a percentage due to the drawdown in all of my holdings. Other than that, cash continues to modestly climb through options.

I have to think/hope we are getting close to the bottom at this point.

When you hear the sound of November, don’t you get too scared…

Current allocations as we are set to begin a new week. 1️⃣ $APP 16% 2️⃣ $PLTR 13% 3️⃣ $HIMS 12% 4️⃣ $HOOD 12% 5️⃣ $VST 9% 6️⃣ $IREN 8% 7️⃣ $NBIS 7% 8️⃣ $AMD 7% 💰 $CASH 16% (Most of my cash is deployed selling puts/spreads on my current holdings and other stocks I track.) I made a noticeable change on Friday by selling my shares of Oscar Health (OSCR) to open a new position in IREN Limited (IREN). As I mentioned in my monthly update, it felt strange investing in health insurance when I recently canceled my coverage to join Crowdhealth.