Trade Alert — P1 & 2 · Closing Trades Day
Portfolio 1, we took profits. - Portfolio 2, we cut two losing stock positions.
Market Regime Read
Volatility: Low and falling — VIX back in the high-teens after the early-June spike collapsed. Calm tape; short premium decays fast, which is exactly why the P1 short puts came off as winners.
Momentum: CRAZY Bullish — the market rallied back toward the highs (SPX ~7,550, ~1% under the all-time high), small caps leading. Risk-on continuation.
Catalyst: Cooling inflation, rates expected on hold (new Fed chair Warsh’s first meeting this week), plus US–Iran peace-deal optimism and the SpaceX IPO absorbed. Constructive backdrop.
The read: A calm, rising market is the right moment to harvest short-put premium (P1) and to prune positions that aren’t working (P2) — take the wins while decay is fast, and clear losers while liquidity is good and there’s no stress forcing your hand.
