Options income trader | “26 APY +63% | Every put & call I sell, posted here, plus everything I watch to make the trade: insider trades, 52-wk highs, NFA
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Joined February 2010
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October P/L +7%.
+$4,244 in premiums collected.
About $80k of buying power used.
Cash-secured puts and calls.
Not a new strategy.
The same rule:
sell only at a price we’d own.
Not every month looks like this.
The point is the rent, not the screenshot.
Focus on process, capital preservation, and compounding. Everything else is noise.
9-month scorecard vs the indexes (Feb–Oct 2026):
Portfolio: +63.02%
$SPY : +10.73%
Dow: +7.71%
$NDAQ : +9.44%
Monthly comparison vs SPY:
• Feb: +1.0% vs SPY -0.6%
• Mar: +3.2% vs SPY -4.3%
• Apr: +3.2% vs SPY +10.0%
• May: +5.7% vs SPY +4.8%
• Jun: +5.0% vs SPY -1.1%
• Jul: +5.7% vs SPY +0.2%
• August: +11.65% vs SPY +2.6%
• September: +8.07% vs SPY -.5%
• October: +7.07% vs SPY -1%
Sixth Straight Red Week, Then Another 8%
bitcoin:native Down about 8% on the day, low $62,511; broke $70,000 Friday, below the 200-week moving average $67,900
Crypto Fear & Greed 13 (extreme fear)
About $1.26B liquidations; sixth straight weekly decline
46.6% below the October 6 high of $126,080.
The 200-week is now overhead resistance, not support — Sunday's weekly close is the verdict, and the slide is dragging risk appetite with it.
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The King Lost $573 Billion in a Week
$NVDA shares traded; down 12.7% on the week after Huang's resignation.
Earnings Tuesday after the close — guide $108B, consensus about $109B / $2.47 EPS, implied move about 9.2%.
The leadership story now runs into the earnings print — the first guidance call under interim CEO Colette Kress is the test.
Five Days Later, The Cheap Got Cheaper For A Reason To Check
bitcoin:native fell from $68,896 Friday to about $63,500 Saturday night.
base:0x940181a94a35a4569e4529a3cdfb74e38fd98631 went 4.4x to 3.5x revenue with its holder yield up to 28%,
ethereum:0x56072c95faa701256059aa122697b133aded9279 went 9.1x to 8.0x on flat revenue, and $HYPE went 22x to 19x with revenue up.
$PUMP and ethereum:0x643c4e15d7d62ad0abec4a9bd4b001aa3ef52d66 also screen cheaper, but their payouts shrank. Better multiples, no confirmed floor.
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The Depository Trust & Clearing Corporation (DTCC) plans to connect its DTCC Tokenization Service (DTS) to the solana:So11111111111111111111111111111111111111112 blockchain in the second half of 2027.
The integration will allow eligible securities custodied by The Depository Trust Company (DTC)—such as select equities, ETFs, or U.S. treasuries—to be tokenized and managed on Solana’s Layer 1 network.
Tokenized assets on Solana will keep the same regulatory safeguards, ownership rights, and investor protections as traditional securities.
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Next session — Monday, November 16, and the week ahead.
Monday: NY Empire State manufacturing.
First read on November activity after the CPI/PPI double.
Soft print feeds the growth-worry side.
Strong print keeps the hike path priced in.
Tuesday, November 17: retail sales + HD and DIS before the open + NVDA after the close.
Retail sales are the consumer check.
Hot print supports the December hike.
Soft print eases it.
$NVDA is the week’s main event.
Beat with strong guidance steadies the AI complex after a 13% week.
Miss or soft guide extends the rotation out of chips.
Wednesday, November 18: housing starts, FOMC minutes 2:00 p.m., $TGT $LOW $TJX before the open, Anthropic IPO pricing.
Minutes show how far the hike consensus runs.
Hawkish minutes keep yields near 5.16%.
Dovish ones let them breathe.
Anthropic pricing is the sentiment read-through for the whole AI trade.
Thursday, November 19: WMT before the open, Anthropic debuts as ANT.
$WMT is the consumer bellwether.
Strong print supports the soft-landing case.
Weak print confirms the slowdown.
The ANT debut prices AI enthusiasm in the open market for the first time.
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Where The Ideas Come From
Hitting Singles
I post two cards every day, and I use them on myself first.
The 52-Week High Tape tells me the weather and who has real follow-through — volume-confirmed, holding a prior high — versus who is just extended and should be skipped.
The Insider Trades Alert tells me who is putting real money down with no plan behind it — $1M-plus open-market Form 4 buys, ranked first — and who is selling in size.
Neither card is a buy signal. Both are just a starting list.
Every name on them still has to survive the same funnel: would I own it at the strike, is it washed out or holding a retest, where is the shelf under it, and does the put actually pay?
Ideas are cheap. Most of them are supposed to die in the funnel. The few that don't are the singles.
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The FUN Pass
Hitting Singles — No. 9
The Loudest Insider Buy Of The Week. I Still Passed.
The Insider Alert gave me $FUN: director Rehan Jaffer's funds bought 1.45M shares for $14.93M across Nov 6–10, lifting his holding 29.6% to 6.35M shares — with two more insiders buying alongside him. That is the signal I hunt for.
And I sold no put. Six Flags printed Q3 on Nov 5: revenue $1.17B, down 11%, GAAP EPS -$3.59 against +$1.93 expected. There is no earnings line to capitalise, so there is no Lynch price — at $11.10 the stock needs about $0.74 of sustainable EPS at 15x, and a seasonal peak quarter doesn't prove that. The stock is also up 68% off its Oct 26 low of $6.60 in two weeks, and today's +9.25% gap already puts it above the insiders' $10.30 average.
The insider buy keeps it on the watch list. The funnel decides the trade. This one dies at Rule 1.
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The Rules In Order
Hitting Singles — The Rules In Order
Six Gates Before I Sell A Single Put
Most names die in this funnel. That is the point.
The front door (not a rule): ideas come from my two daily cards — the 52-Week High Tape for the regime and for follow-through versus extended, and the Substantial Insider Trades Alert for $1M-plus open-market insider buys and sells with no 10b5-1 plan behind them. Neither card is a signal. Both are just a starting list.
Then every name has to clear six gates, in this order:
Rule 1 — Own-At-Strike Or Nothing. Would I own it at the strike, at that basis, if assigned? That is the Peter Lynch test first — classification, earnings line, what Lynch would pay today. Fail this, and nothing else gets a hearing.
Rule 2 — Washed Out, Not Broken. A great company near its 52-week low, or on a 5 to 10 day losing streak — but only after it stops making new lows and a base starts holding. A low alone is a falling knife.
Rule 3 — The Shelf Picks The Strike. Strike placement comes from a volume profile of about 6 to 12 months: just under a high-volume node and under the Value Area Low. A strike in a low-volume gap, with the next shelf far below, is demoted or passed.
Rule 4 — Check The Weather First. SPY versus its 200-day moving average decides size before any stock decides anything. Above it, normal size. Below it, shrink size or wait.
Rule 5 — The Math Has To Pay. About 10 delta, so about 90% expire worthless by design. No earnings before expiry. A real bid and open interest. Cushion, basis if assigned, and both APYs separately — on strike and on margin — hunting a consistent 20 to 30% APY on capital at work.
Rule 6 — Write Down What Kills It, Before You Sell It. Invalidation is a weekly close under the shelf I sold against. Intraday noise does not count. If that close comes, I am out, with no second-guessing — the work was done up front.
Fail any gate, in any order, and it is a pass. Clear all six, and I sell the put, hit the single, and let time do the work.
The strike is the view. The rules are how I protect it.
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The Index Gained, the Market Didn't
$SPY members above their 50-day moving average: 71.8%.
New 52-week highs vs lows: all US-listed 303 highs vs 1,055 lows; NYSE 26 vs 303; Nasdaq 55 vs 267; S&P 500 18 vs 2.
Participation: narrow and deteriorating, most S&P members sit above trend, but new lows more than tripled new highs market-wide for a second straight day.
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$SPY trend check
SPY $754
Below the 50-day SMA ($764.96) by $10.59, or 1.38% ❌
Above the 200-day SMA ($731.31) by $23.06, or 3.15%. ✅
The 50-day sits above the 200-day, so the golden cross is intact. ✅
Standing verdict: price above the 200-day means the uptrend is intact.✅
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The Dilution Trade
$SPCE Cratered 31.1% on a $250M stock-sale plan — the market read it as dilution at the worst possible time.
A cash-burn story with no near-term revenue catalyst — the sale plan is the story.
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Record Revenue, Punished Anyway
$CSCO Fell 6.2% despite record $18.5B revenue — margin slip and a soft guide mattered more than the top line.
The AI infra demand read is still intact, but the margin story says the hardware cycle is getting more expensive.
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