Market Context
Volatility continues easing from recent elevated levels.
VIX remains near 17 after a steady decline.
SPY and QQQ remain above key moving averages, with broader trend structure still constructive.
Price action near recent highs is becoming less clean as momentum slows.
Earnings activity remains heavy across software, retail, and consumer names this week.
I am prioritizing patience, cleaner setups, and tighter selectivity.
Last Week — Trade Recap
Note: Entry taken below the major moving-average cluster. Price closed below strike. Assigned at expiration.
Note: Entry taken below the major moving-average cluster after earnings. Price closed below strike. Assigned at expiration.
Note: Entry taken near the 257-260 support zone after pullback. Price held above strike. Expired worthless.
Note: Entry taken near the SMA50/SMA100 support cluster after pullback. Fair premium on elite underlying. Active position.
Note: Covered call sold above cost basis during recovery into resistance. Fair premium with acceptable upside room. Active position.
Note: Entry taken near SMA100/prior consolidation support after healthy pullback. Elevated premium with controlled speculative sizing. Active position.
Note: Covered call sold above net cost basis after rebound into resistance. Elevated IV with acceptable upside room. Active position.
Note: Entry taken near EMA21/EMA34 support after controlled pullback. Fair premium on Tier-1 underlying. Active position.
Current Positions
Plan: Covered call active at $42 into resistance recovery.
Plan: Covered call active at $20.5 after rebound into resistance.
Plan: Covered call management begins from here.
Plan: Covered call management begins from here.
Plan: Elevated premium near SMA100/prior consolidation support.
Plan: Fair premium near EMA21/EMA34 support cluster.
Plan: Fair premium near SMA50/SMA100 support cluster.
Watchlist
AGGRESSIVE
BALANCED
SAFE
What I Am Not Touching
No trades into earnings.
This week remains heavy across software, retail, and consumer sectors despite Monday's holiday-shortened schedule.
No chasing strength near highs.
SPY and QQQ remain constructive, but price action near recent highs is becoming less clean as momentum slows.
No premium-first entries.
Several high-beta and crypto-linked names still offer elevated premium, but assignment quality remains the priority.
No deployment into weak structure.
Some aggressive names from last week's watchlist already triggered entries or assignments.
New exposure now requires cleaner support behavior before additional selling.
No forcing trades during low-volume holiday conditions.
Monday market closure reduces early-week liquidity and can distort short-term momentum behavior.
No oversized positioning.
Current exposure already increased through recent assignments in GLXY and ABNB.
Position sizing remains controlled despite improving market structure.
Process Note
Last week's watchlist remained highly active.
RDW moved from watchlist candidate into live deployment after holding the SMA100/prior consolidation support region.
ZETA transitioned from assigned shares into active covered-call management after reclaiming the prior assignment zone.
GLXY and ABNB both moved from active CSP positions into assigned-share management after expiration.
AMZN continued validating the structure-first approach, with one CSP expiring worthless while a second position was reopened on controlled pullback support.
The market remains constructive overall.
But cleaner opportunities are becoming more selective as momentum slows near recent highs and volatility compresses further.
Current deployment remains focused on:
- support-based entries,
- controlled assignment structure,
- and disciplined position sizing.
Not every elevated premium improves the trade.
The process remains unchanged.
Patience first.
Structure first.
Assignment quality first.
No forced deployment.
— Wizolver