To The Moon

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

$BMNR 20260710 25.0 CALL$ Covered call expired worthless 

$SPY 20260710 690.0 PUT$ Front spread expired worthless

$SPY 20260710 705.0 PUT$ Front spread expired worthless.

$MARA 20260710 13.5 CALL$ Covered call expired worthless at 13.5

$MARA 20260710 14.0 CALL$ Expired worthless at 14

$MARA 20260731 14.5 CALL$ Selling more covered calls in anticipation most wont be assigned tonight. Squeeze out more premiums 

$MSFT DIAGONAL 260717/260807 PUT 415.0/PUT 410.0$ Rolling out and down 

$ECHO 20260710 113.0 PUT$ Collected premiums anyway 

$EchoStar(ECHO)$ Assigned to buy 100 shares.