The 2026 book is up 131.6% across 18 trades, and it got there the boring way. This week we cash a winner and start building August, one careful trade at a time.
The First Half Is in the Books. $32.63 in Premium, 35 Positions Closed, and the Wheel Turning Right on Schedule.
9 ETFs Above 50% IVR. XLF Collapsed 52 Points. Financials at Above 70 RS. Biotech at Above 70. Breadth at 2026 Highs.
The Volatility You Are Holding
The VIX sinks 14% to 15.81 and premium thins out. Plus the Nobel Prize research that explains why volatility spikes never last.
Gamma measures how fast delta changes with each stock move. Here is why it spikes near expiration, why it is the biggest risk for short-term sellers, and how experienced traders manage it.
A side-by-side look at low, medium, and high-IV setups, revealing how implied volatility impacts returns, capital efficiency, and strategy selection for monthly income.
Rolling More July Positions into August
Small Dogs
Same bullish view, two very different trades. See how cash-secured puts and bull put spreads compare on capital, return, and assignment risk, and when to use each.
Growth Portfolio (Pick-of-the-Cycle)
Opening Up a New Iron Condor
