$EchoStar(ECHO)$ Trading this as a pair with spcx. Ratio is 100:75. Trying to ensure im NAV neutral. Made a little bit of money already from the NAV closing, but im trying to buy into the winner and hope momentum picks up.
$MARA 20260807 14.0 CALL$ Slightly less than 4 weeks out, collecting about 3.5% in terms of premium. Selling comes in whenever it touches 15 and 15 was also the previous support from 2023 to 2025. If it breaks, then just have to give up the up side. Collect the premiums first.
I haven't posted in four weeks. It wasn't for lack of things happening. The opposite. Since I last wrote, MSFT went from the $500s to the mid-$380s. Bitcoin dropped roughly 20% in June — its worst month of the year — and printed a fresh 21-month low in the process. The tech-led sell-off broadened. Chipmakers cracked. The Fed pivoted hawkish enough that Bank of America now models three rate hikes this year, not the cuts most of the market was pricing in. I wanted to wait until the dust settled before writing about any of it honestly. Now it has, at least enough to see the shape of what happened. The last post ended with this line: "Whether it holds in a real drawdown is a different question, and I don't have an honest answer until I'm in one." I'm in one. Here's what the book did. What The