September 14, 2026 · Portfolio 2 (Active) · Tony Battista
Busy morning in Portfolio 2. Five tickets between 9:38 and 10:48, one of them a close and four of them new short puts. Net cash in was $1,223.35.
Read that number and then read this one: after this morning, Portfolio 2 is short eleven naked puts, and the stock those puts commit us to is $710,200. That’s 272% of the book. The $1,223 is what we got paid. The $710,200 is what we’re standing behind. We put those two figures side by side in every letter because they are not the same thing and they never have been.
Paid subscribers — all five tickets below
The Trades
$1,300.00 of gross credit sold this morning across four new contracts, $1,223.35 net of the $2.65 of commissions and fees, against $240,100 of new stock commitment. The credit is 0.499% of the $260,667 book. The commitment behind it is 92.1% of the same book.
Tickets are in the order they filled.
