Market Context
Volatility remains elevated despite a recent pullback in VIX.
VIX shows early signs of upward pressure after declining.
SPY trades above key moving averages in a recovering structure.
QQQ pushes into resistance following a sharp reversal.
Earnings activity is heavy across financials and large caps.
Price action remains choppy, with limited follow-through.
In this environment I am prioritizing patience and selective entries.
Last Week — Trade Recap
Note: Entry taken on pullback into $200 support after selloff. Two strikes used to define risk across structure. Closed at ~50% in 2 days.
Current Positions
Plan: Hold, assignment acceptable or collect remaining premium.
Watchlist
AGGRESSIVE
BALANCED
What I Am Not Touching
Many setups remain structurally inconsistent.
Support levels are not consistently holding. Breakouts continue to fail or stall near resistance.
Momentum is improving, but remains unstable.
Price action is highly reactive to political headlines, with sudden moves driven by policy and communication risk rather than structure.
Premium remains elevated, but often reflects instability rather than edge.
No setups from last week's watchlist triggered. Conditions did not justify deployment.
Process Note
Positions were opened. They were closed early.
The move came fast. The environment did not improve.
Premium was available. Structure was still unstable.
This is where the process applies.
Profit is not maximized. Risk is reduced.
50% in two days is not opportunity missed. It is execution aligned with conditions.
Most setups did not trigger. That is information.
Selectivity is not optional. It is the strategy.