T184_Options
04-10

$CRWV 20260424 78.0 PUT$   Still printing. Here's why I'm not touching it.

Sold the $CRWV 20260424 $78.0 PUT at $2.07.

Currently at $0.88. Unrealized: +57.78%.

Not closing yet. Let me explain.

The original thesis hasn't changed.

CoreWeave is not a meme. It's the GPU cloud that the biggest AI labs in the world actually run on. Microsoft signed a $10B+ deal with them. That's not hype — that's a balance sheet event. When I sold this put, I asked myself one question: am I comfortable owning CRWV at $78 if this goes wrong?

The answer was yes. That's the only way to sell puts properly.

IV was elevated when I entered. Post-IPO jitters had the options market pricing in fear that wasn't fundamentally justified. I collected that fear. Now theta is doing the rest.

Why I'm holding past 50%:

The position is clean. No earnings risk nearby. Macro hasn't materially shifted the AI infrastructure thesis. The stock isn't threatening the strike. When all three of those stay true, I let the trade breathe.

Cutting at exactly 50% every time is discipline. Holding when conditions warrant it — that's judgment. Both matter.

What would make me close early:

A sudden spike in VIX above 30, or any credible news that hyperscalers are cutting GPU capex. Neither is on my radar right now.

Risk is managed. Size is right. System is running.

Professionalism is the edge.

Not financial advice. Options involve substantial risk. Do your own research.

#CRWV #SellPut #WheelStrategy #TigerIDEA #TigerCommunity #OptionsIncome #AIInfrastructure #TigerStars #PremiumSelling #T184_Options

Modified in.04-10
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