Market Context
Volatility continues to drift lower toward the 15 area.
SPY and QQQ remain in strong uptrends.
Price structure is extended near recent highs.
Earnings activity remains heavy from Tuesday through Thursday.
Single-name gap risk stays elevated.
Premium selling favors patience and selective deployment.
Last Week — Trade Recap
Note: Entry taken near the SMA50/SMA100 support cluster after pullback. Price held above strike. Expired worthless.
Note: Entry taken near SMA100/prior consolidation support after healthy pullback. Price held well above strike. Expired worthless.
Note: Covered call sold above net cost basis after rebound into resistance. Price closed above strike. Shares called away at expiration.
Note: Entry taken near EMA21/EMA34 support after controlled pullback. Price held above strike. Expired worthless.
Note: Covered call sold above assignment cost basis after rebound into resistance. Elevated IV with acceptable upside room. Active position.
Note: Entry taken near SMA50 support with breakeven approaching SMA100 after pullback. Elevated premium in a high-volatility momentum structure. Active position.
Note: Entry taken near the SMA50/SMA100 support cluster after controlled pullback. Fair premium on Tier-1 underlying. Active position.
Note: Entry taken near SMA50 and breakout support after pullback. Elevated premium with controlled speculative sizing. Active position.
Current Positions
Plan: Covered call active at $42 into resistance recovery.
Plan: Covered call active at $33 after rebound into resistance.
Plan: Covered call deferred while recovery structure develops.
Plan: Elevated premium near SMA50 support with breakeven near SMA100.
Plan: Fair premium near SMA50/SMA100 support cluster.
Plan: Elevated premium near SMA50 / breakout support zone.
Watchlist
AGGRESSIVE
BALANCED
SAFE
What I Am Not Touching
No trades into earnings.
The calendar remains active through midweek with multiple software, semiconductor, and consumer names reporting.
No chasing extended momentum.
Several technology and AI-linked names continue trading near recent highs after aggressive rallies.
Premium remains available, but assignment quality deteriorates when entries are forced into extended price structure.
No premium-first deployment.
Elevated implied volatility alone does not justify assignment risk.
Underlying quality and support structure remain the primary filters.
No aggressive sizing in speculative names.
Recent deployments in IONQ and ONDS already provide sufficient high-beta exposure.
Additional speculative allocation requires exceptional structure.
No selling puts above support.
Many watchlist names remain constructive, but current prices are extended relative to nearby assignment zones.
Patience remains preferable to forcing entries.
No oversized concentration.
Recent assignments and active positions continue to keep capital deployed across multiple sectors.
Position sizing remains controlled despite improving market conditions.
Process Note
Last week's positions continued validating the structure-first approach.
MSFT and RDW both expired worthless after support zones held throughout the trade.
ZETA completed the Wheel cycle successfully as shares were called away above cost basis.
AMZN again demonstrated the benefit of focusing on elite underlying quality, allowing another CSP to expire worthless while maintaining attractive assignment characteristics.
New deployment remained selective.
IONQ was added only after a meaningful pullback toward SMA50 support despite elevated volatility.
ONDS entered as a controlled speculative position near breakout support with defined sizing.
Meanwhile, GLXY transitioned into active covered-call management after assignment recovery improved the risk/reward profile.
The broader market remains constructive.
However, volatility continues compressing while price extends toward recent highs.
That combination generally reduces premium quality and increases the importance of patience.
Current deployment remains focused on:
- support-based entries,
- assignment quality,
- controlled speculative exposure,
- and disciplined position sizing.
Premium alone is never the reason for a trade.
The process remains unchanged.
Patience first.
Structure first.
Assignment quality first.
No forced deployment.
— Wizolver