BE Long Call Butterfly — Jan 15 '27 260/280/300: A 144-DTE Vol-Crush Lottery Ticket
Opened a BE Jan 15 2027 260/280/300 long call butterfly (144 DTE), a defined-risk, far-OTM call-only structure with reward:risk 31:1. Net debit $0.625/share ($62.50/contract). Max profit $1,937.50/contract at BE = $280; max loss $62.50. 1-contract sizing. IV ~94% (high — reflects BE's jump-risk pricing). PoP (any profit, drift-implied) ~15%; PoP (max profit zone, $260.62-$299.38) ~9.6%. BE spot $204.02.
XLP Long Call Butterfly — Dec 18 '26 80/90/100: A Defensive Range-Bet Into Sep/Oct
Opened an XLP Dec 18 2026 80/90/100 long call butterfly (122 DTE), a defined-risk bullish-to-neutral structure with profit zone $84.34–$95.67. Net debit $4.335/share ($433.50/contract). Max profit $566.50 at XLP = $90 at Dec 18 expiry; max loss $433.50. 1-contract sizing. IV ~17–22%. XLP spot $85.84.
XSP Long Call Condor — Dec 17 '27 780/800/890/900: 491-DTE Range Bet at $8.80 Limit Order
4-leg long call condor on XSP (Mini S&P 500, 1/10th of SPX). BTO 780C / STO 800C / STO 890C / BTO 900C — all Dec 17, 2027 (491 DTE). Limit order placed at $8.80/share ($880/contract). BSM mid net debit ~$0.621/share ($62.10/contract). Max profit $137.90/contract if XSP is $80–$89 at Dec 17, 2027 expiry (per-share: $10 lower body spread − $0.621 debit = $9.379/share × 100). Reward-to-risk 0.16:1 at limit order price; 2.22:1 at BSM mid. Max profit $137.90/contract at XSP $80–$89. XSP spot ~$77.64 (SPX $7,763.80). 491 DTE — 1.3 years of time to expiry.
GNRC Bull Call Spread — Dec 18 230/240: Defined-Risk Long on Generac at 57% IV
Opened a 1-contract bull call spread on GNRC Dec 18, 2026 (129 DTE, standard monthly): BTO 230C @ $24.20 / STO 240C @ $20.65. Net debit $3.55/share ($355/contra
SPY Calendar Put Spread — Oct 16 / Oct 30 760: Cheaper $760 Synthetic Put on Index Chop
Opened a same-strike SPY calendar put spread at $760, short Oct 16 / long Oct 30, on continued index chop near the 52-week high. Net debit $1.995/share ($199.50
XSP Bear Call Spread — Oct 16 815/820: Defined-Risk Theta Harvest Above the 52-Week High
Opened a 1-contract bear call spread on XSP Oct 16, 2026 (66 DTE, AM-settled standard monthly): STO 815C @ $4.17 / BTO 820C @ $3.265. Net credit $0.905/share ($
INTC Diagonal Call Spread — Nov 20 / Dec 18 '26 110/105: Long Back $105C, Short Front $110C ($343 Debit)
Bullish diagonal debit spread on INTC. Short $110C Nov 20, 2026 (102 DTE) / Long $105C Dec 18, 2026 (130 DTE). Net debit $3.425/share ($342.50/contract, live mid). Max loss $342.50 (debit), realized max profit $157.50 covered-call cap if held to Dec 18 with INTC ≥ $110. INTC spot $98.14 — short strike +12.07% OTM. Reward-to-risk 0.46:1. OptionStrat basis within 1.3% / 0.16% of live mid. American-style equity, assignment risk on short leg.
META Bull Call Spread — Oct 16 '26 605/610: AI-Adjacent Long for $210 Debit (1.38:1 Reward-to-Risk)
Bullish vertical debit spread on META (Meta Platforms). Long $605C Oct 16, 2026 (67 DTE) / Short $610C Oct 16, 2026 (67 DTE). Net debit $2.10/share ($210/contract, live mid). Max profit $290 if META ≥ $610 at Oct 16, max loss $210 (debit). Lower breakeven $607.10. META spot $593.47 — short strike +2.79% OTM. Reward-to-risk 1.38:1. OptionStrat basis $34.175/$32 within 1.41%/1.24% of live mid. American-style equity, assignment risk on short leg.
META Long Call Condor — Dec 18 '26 640/650/760/750: $100-Wide Profit Zone for $222 Debit (3.49:1 Reward-to-Risk)
4-leg long call condor on META (Meta Platforms). Long $640C Dec 18 / Short $650C Dec 18 (lower body) + Short $750C Dec 18 / Long $760C Dec 18 (upper body). Net debit $2.225/share ($222.50/contract, live mid). Max profit $777.50 if META between $650–$750 at Dec 18, max loss $222.50 (debit). Lower breakeven $647.775, upper breakeven $752.225. META spot $593.39 — profit zone 9.52%–26.36% above spot. Reward-to-risk 3.49:1. OptionStrat basis $41.725/$38.375/$16.375/$15.10 within 0.52%/0.00%/0.33% of live mid. American-style equity, assignment risk on both short legs.
SLV Bull Call Spread — Nov 20 '26 60/62: Defined-Risk Silver Long for $72 Debit (1.76:1 Reward-to-Risk)
Bullish vertical debit spread on SLV (iShares Silver Trust). Long $60C Nov 20, 2026 (102 DTE) / Short $62C Nov 20, 2026 (102 DTE). Net debit $0.725/share ($72.50/contract, live mid). Max profit $127.50 if SLV ≥ $62 at Nov 20, max loss $72.50 (debit). Lower breakeven $60.725. SLV spot $58.88 — short strike +5.30% OTM. Reward-to-risk 1.76:1. OptionStrat basis $5.05/$4.35 within 0.49%/0.00% of live mid. American-style equity ETF, assignment risk on short leg.
SPY Diagonal Call Spread — Dec 18 / Dec 31 800/795: Cheaper Synthetic Long $795 Call at 39% Lognormal POP
Bullish call diagonal debit spread on SPY. Long $795C Dec 31, 2026 (146 DTE) / Short $800C Dec 18, 2026 (133 DTE). Net debit $3.70/share ($370/contract, live mi
XSP Iron Condor — Nov 20, 2026 860/850/685/700: Short Vol in a Calm Tape at 71% POP
Short iron condor on XSP Nov 20, 2026 (106 DTE, AM-settled standard monthly). Sell 700P/Buy 685P, Sell 850C/Buy 860C. Net credit $224/contract ($2.24/share live mid), max profit $224, max loss $776 (under $5k cap), POP ~71% delta-based. Strikes 9–10% OTM each side; VIX 15.95; XSP spot $772.36; OptionStrat link + live yfinance chain cross-checked.
AAPL Bull Put Spread — Oct 16 '26 300/295: An Equity-Pin With Vol Tailwind
Opened an AAPL Oct 16 300/295 bull put spread, a 71-DTE equity-level short-premium structure with $12.46 OTM cushion. $155 total credit, $345 defined max loss,
NVDA Bull Put Spread — Oct 16 '26 180/175: Resting Limit at $0.75, Working Order
Working limit order on NVDA Oct 16 180/175 bull put spread at $0.75/share ($75/contract). Above current mid ($0.62); won't fill unless NVDA dips ~1.5% or IV exp
NVDA Call Calendar — Nov 20 / Dec 18 '26 240: Long Back, Short Front ($230 Debit)
Opened NVDA 240 call calendar: long Dec 18 '26 240C, short Nov 20 '26 240C. $2.30 debit/share ($230/contract), 106 DTE front / 134 DTE back. Max loss $230 (debi
XSP Iron Condor — Dec 18, 2026 870/850/640/660: Deep-OTM Symmetric Wings, 134 DTE, Wider Cushion
Short iron condor on XSP Dec 18, 2026 (134 DTE, AM-settled standard monthly, symmetric $20 wings). Sell 660P/Buy 640P, Sell 850C/Buy 870C. Net credit $333/contr
Portfolio Review — August 4, 2026: Take Some More, Add TLT/BIL, Stay Long Into Q3
Closed some more of the SOXL, DRAM, and QQQ bull positions opened on the June-July dip — all up 30%+ since open. Working a GTC limit at $23 to close the SPX 770
Portfolio Review — August 3, 2026: Profit-Take, Raise Cash, Stay Bullish Into a 16 VIX Compression
Closed several XSP, SPX, and RUT bull call spreads and diagonals in August, September, and October expiries that had crossed 50% of max profit. Rebuilt cash and
XSP Long Call Condor — Nov 20 '26 740/760/800/810: 112-DTE Range Trade Into the Fall
Opened an XSP long call condor (Nov 20 '26, 740/760/800/810), betting XSP stays in a 40-pt body through mid-November while harvesting theta. $1,069 defined risk; max profit $930 between $760-$800 (limited by 20-pt lower wing, not 40-pt body).
DRAM Bull Call Spread — Jan 21 '28 60/70: A LEAPS Recovery Position with 4.2:1 Reward/Risk
Opened a DRAM bull call spread on continued weakness — long 60C Jan 21 '28 / short 70C Jan 21 '28, same-expiry debit spread. Net debit $192.50, max profit $807.50 above $70, max loss $192.50. 541 DTE LEAPS, 4.2:1 reward/risk, $0.32/$1 to risk $0.32 to make.
QQQ Calendar Put Spread — Oct 16 / Oct 30 650: Theta Harvest on a NASDAQ Pullback
Opened a QQQ calendar put spread at $650 strike, short Oct 16 / long Oct 30, on a continued NASDAQ pullback. Net debit $2.19/share ($218.50/contract), defined-risk put-side theta-harvest structure with ~$1,058 estimated max profit if QQQ trades near $650 at Oct 16 expiry.
XSP Bull Call Spread — Jul 31 '26 744/746: Dip-Buy on a Flat Tape
Opened an XSP Jul 31 2026 744/746 bull call spread on today's intraday dip — 4-DTE index-level defined-risk debit structure with $90 max loss, $110 max profit, breakeven at $744.90. Spot $741.20 at entry, IV ~17.5%, PM-settled Friday close.
XSP Bull Put Spread — Jul 30 '26 735/730: FOMC-Day-1 Premium Sale
Opened an XSP Jul 30 2026 735/730 bull put spread into FOMC Day 1 — 3-DTE index-level short-premium structure with $128.50 credit, $371.50 defined max loss, breakeven at $733.72. Spot $741.20 at entry, IV ~18.6%, PM-settled Thursday close.
DRAM Calendar Call Spread — Dec 18 / Jan 15 '27 70: Theta Harvest on a Selloff Recovery
Opened a DRAM calendar call spread at $70 strike, short Dec 18 / long Jan 15 '27, on continued DRAM weakness. Net debit $107.50/contract, defined-risk theta-harvest structure with $628 estimated max profit if DRAM reclaims $70 by Dec 18 expiry.
QQQ $800 Calendar Call Spread — Dec 17 '27 / Jan 21 '28: A Long-Duration Theta Position on a Recovery to Eight Hundred
Opened a QQQ $800 calendar call spread at 18-month duration, front Dec 17 '27 / back Jan 21 '28, on continued NASDAQ weakness. Net debit $3.80/share ($380/contract), defined-risk theta-harvest structure with ~$2,556 estimated max profit if QQQ reclaims $800 by Dec 17 '27 expiry. Pairs with the $850 calendar (see companion trade).
QQQ $850 Calendar Call Spread — Dec 17 '27 / Jan 21 '28: A Long-Duration Theta Position on a Recovery Past Eight-Fifty
Opened a QQQ $850 calendar call spread at 18-month duration, front Dec 17 '27 / back Jan 21 '28, paired with the $800 calendar. Net debit $3.21/share ($321/contract), defined-risk theta-harvest structure with ~$2,799 estimated max profit if QQQ reclaims $850 by Dec 17 '27 expiry. The higher-strike half of a paired calendar position.
QQQ Long Call Condor — Nov 20 '26 715/725/810/820: Narrow-Body Range-Bound, 120 DTE
Opened a QQQ long call condor (Nov 20 '26, 715/725/810/820), pairing a near-ATM bull call credit spread (715/725) with a deep-OTM bear call credit spread (810/820) to express rangebound sideways drift over Q3 earnings season. $355 defined risk; max profit $645 in $725–$810 zone.
QQQ Long Call Condor — Dec 18 '26 700/715/845/860: Wide-Body Range-Bound, Narrow-Wing Limited
Opened a QQQ long call condor (Dec 18 '26, 700/715/845/860), pairing a near-ATM bull call credit spread (700/715) with a deep-OTM bear call credit spread (845/860) to express range-bounded sideways drift. $689.50 defined risk; max profit $810.50 in $715–$845 zone.
XSP Long Call Condor — Dec 18 '26 690/700/810/820: 5-Month Range-Bound Lower-Vol Structure
Opened an XSP long call condor (Dec 18 '26, 690/700/810/820), short the body's IV skew while harvesting theta into year-end. $609 defined risk; max profit $391 between $700–$810 (limited by 10-pt wings, not 110-pt body).
NASA Bull Call Spread — Jan 21 '28 30/15: Long-Dated Space-ETF Upside
Opened a NASA ETF Jan 21 2028 30/15 bull call spread, an 18-month LEAPS upside structure on the Tema Space Innovators ETF. Net debit $6.10, max loss $610/contract × 1 = $610 total. Cushion to long strike 36%, breakeven $21.10.
RSP Long Call Condor — Jan 21 '28 230/220/290/280: Equal-Weight SPY Trade on a Flat Tape
Opened an RSP ETF Jan 21 2028 230/220/290/280 long call condor, an 18-month structure expressing the view that the equal-weight S&P 500 will consolidate in a $63-wide profit zone without a major breakout. Net debit $3.175/share, $317.50/contract × 1 = $317.50 total, 1:2.15 risk:reward.
RSP Short Upper Condor — Jan 21 '28 220/230/280/285: Same Debit, Free Upside Above $287
Opened a second RSP ETF Jan 21 2028 220/230/280/285 long call condor with a $5-wide upper body (vs $10-wide on RSP #1). Same $3.175/share net debit but a permanent $182.50/contract upside plateau above $287 instead of a $317.50 max loss above $290. Direct comparison to RSP #1 (mBisziPFxRvo) shipped earlier today.
NASA Bull Put Spread — Jan 15 '27 25/20: Long-Dated Space-ETF Premium
Opened a NASA ETF Jan 15 2027 25/20 bull put spread, a 178-DTE long-dated short-premium structure on the Tema Space Innovators ETF. Live mid credit $2.525, max loss $247.50/contract × 4 = $990 total. ~60% short-leg POP, ~1¢/day theta.
XSP Bear Call Spread — Aug 28 '26 749/750: A 1-Contract Insurance Tail
Added a 1-contract XSP Aug 28 749/750 bear call spread as defined-risk premium-collection insurance. $61.50 net credit, $38.50 defined max loss, ~50% short-leg POP.
XSP Bull Put Spread — Jul 31 '26 742/740: A Short-Dated Index Pin
Opened an XSP Jul 31 742/740 bull put spread, an 11-DTE index-level short-premium structure with 6.93-point OTM cushion. $237.50 total credit, $762.50 defined max loss, ~67% short-leg POP.
USAR Bull Call Spread — Jan 21 '28 20/25: A Long-Dated US Critical-Minerals Position
Opened a USAR Jan 21 '28 20/25 bull call spread, a long-dated (553 DTE) LEAPS expressing the US critical-minerals / rare-earth processing thesis. $80 defined risk, $420 max profit (5.25:1 R/R), 29.6% cushion to lower breakeven.
SKHY Bull Call Spread — Sep 18 '26 195/200: A Memory-Cycle HBM Position
Opened an SKHY Sep 18 195/200 bull call spread, OTM speculative structure expressing a memory-cycle rally thesis. $80 defined risk, $420 max profit (5.25:1 R/R), 64 DTE.
DRAM Diagonal Call Spread — Dec 18 / Jan 15 '27 70/50: A Pullback Theta-Forward Lean
Opened a DRAM diagonal call spread, long 50C Jan '27 / short 70C Dec '26, on a -6.6% pullback day. Theta-forward structure with $837.50 defined risk and 1.47:1 reward/risk.
QQQ Inverse Diagonal Call Spread — Dec 18 / Dec 31 '26 700/740: Calendar With Negative Skew
Opened a QQQ inverse diagonal call spread, long 740C Dec 31 / short 700C Dec 18, expressing a QQQ-rally thesis into year-end. $2,519.50 defined risk; max profit $1,786 if QQQ closes at $740.
DRAM Long Call Condor — Jan 15 '27 40/60/80/90: A LEAPS Position on Memory
Opened a Jan 2027 LEAPS long call condor on DRAM with strikes at 40/60/80/90. Wide profit zone, debit-defined risk, long-dated theta play on a memory-cycle setup.
SPX Vertical Credit Spread — July 13, 2026: Iron-Condor Lattice on a Quiet Tape
Opened a 0DTE SPX put credit spread 15-wide at the 5,560/5,545 strikes, collecting $1.05 against $15 of risk. Premium-to-width ratio of 7% met the day's edge threshold.
XSP Iron Condor — July 10, 2026: Post-CPI Pin the Strike, Ride Theta Into Friday
Opened a 7DTE XSP iron condor at the 558/553 puts and 568/573 calls. Pre-CPI vol was 13.8 with rank 65 — high enough to sell premium but not so high that protection was expensive. Closed at 50% of max profit on day 4.
QQQ Long Call Condor — Dec 18 '26 755/770/830/840: A 6-Month LEAPS Position on a QQQ Rally
Opened a Dec 2026 LEAPS long call condor on QQQ with strikes at 755/770/830/840. Wide 60-point profit zone, debit-defined risk, 6-month asymmetric bullish-to-neutral position on a Nasdaq 100 rally.
RUT Diagonal Call Spread — Dec 18 / Dec 31 2900/2950: A Bullish 8-Month Position on Small-Caps
Opened a long call diagonal on RUT 2900/2950 with front-month Dec 18 short and back-month Dec 31 long. Defined-risk bullish-to-neutral, funded by front-month theta harvest.
RUT Bull Call Spread 2700/2750 — Dec 18 2026: A Defined-Risk Small-Cap Long on the Mid-Q2 Rebound
Opened a long call vertical spread on RUT 2700/2750 for Dec 18 2026, paying a debit for a defined-risk bullish position on small-caps. RUT was breaking out of a 6-week range on tariff-shock reversal.