BTC — Trade-This Diagonal (2025/2026 regime)
The variant to trade, chosen on the years that matter — 2025 + 2026 (ETF + Trump changed the market structure; 2024 is a different regime, secondary). Drawdown is the primary criterion. Only executable variants (Put base — the close-always rule is an exec trap that sells deep-ITM longs at the bid). All numbers post the re-strike bugfix.
THE VARIANT — s0→l1 Cbase/Pbase+f
- Short = at the money (most premium, tightest spread). Long = 1 strike OTM (grid $1,000). Both sides each week.
- Both sides = base (hold longs to expiry): hold the 14-day long to expiry (cash-settle, no bid sale); sell a near-money weekly short, 2nd one re-struck at the new spot on day 7. Never sell a long at the bid — that's the execution-robust choice (the close-always rule looks smoother on the model but bleeds the spread selling the long every week — and on illiquid ETH quotes it's fatal).
- IV filter: only open when DVOL < its trailing-90-day median (sit out high-vol weeks — that's where run-overs and wide spreads cluster). Trades 47 of the 25+26 weeks.
Why this one (2025+2026, DD-first):
- Every year positive: 2024 +45 / 2025 +29 / 2026 +22. 25+26 total +51%.
- Lowest executable drawdown: M2 25+26 max-DD -17.6%, ret/DD 2.9. On real Tardis 2026: +22.5% at max-DD only -0.3% (ret/DD 75.8).
- The IV-filter is the DD lever — it cuts the M2 DD by ~35% vs no filter and improves real execution.
Honest on DD: the M2 25+26 DD (-17.6%) is the conservative model number — M2 over-states vol-spikes (flat DVOL, no term structure). Real Tardis 2026 with the filter drew down only -0.3%. Truth is between; size for the model number, not the rosy real one. M2 is the long-history proxy (2024+); Tardis is real Deribit marks (2026 only, ~4 months).
Config matrix — ATM short, gap × filter (sorted as run; ★ = trade-this, ⚠ = exec trap)
| config | trades | '24 | '25 | '26 | 25+26 | M2 DD | r/DD | Exec'26 | ExDD | Ex r/DD |
|---|---|---|---|---|---|---|---|---|---|---|
| s0→l1 Cbase/Pbase | 70 | +61 | +24 | +27 | +51 | -27.8 | 1.8 | +23.8 | -0.6 | 42.9 |
| s0→l1 Cbase/Pbase+f ★ | 47 | +45 | +29 | +22 | +51 | -17.6 | 2.9 | +22.5 | -0.3 | 75.8 |
| s0→l1 Cbase/Pclose | 70 | +48 | +25 | +14 | +39 | -15.5 | 2.5 | +8.2 | -1.1 | 7.5 |
| s0→l1 Cbase/Pclose+f | 47 | +32 | +26 | +12 | +38 | -9.3 | 4.1 | +9.0 | -1.0 | 9.3 |
| s0→l1 Cclose/Pbase | 70 | +50 | +26 | +22 | +49 | -16.2 | 3.0 | +14.5 | -1.4 | 10.7 |
| s0→l1 Cclose/Pbase+f | 47 | +33 | +25 | +18 | +44 | -10.9 | 4.0 | +15.1 | -0.7 | 21.8 |
| s0→l1 Cclose/Pclose ⚠ | 70 | +37 | +27 | +10 | +37 | -7.1 | 5.2 | -1.0 | -4.7 | -0.2 |
| s0→l1 Cclose/Pclose+f | 47 | +20 | +22 | +8 | +31 | -4.1 | 7.5 | +1.5 | -4.7 | 0.3 |
| s0→l2 Cbase/Pbase | 70 | +60 | +26 | +26 | +52 | -28.6 | 1.8 | +23.2 | -0.8 | 28.5 |
| s0→l2 Cbase/Pbase+f | 47 | +45 | +29 | +22 | +52 | -18.1 | 2.9 | +22.2 | -0.6 | 36.4 |
| s0→l2 Cbase/Pclose | 70 | +44 | +26 | +12 | +38 | -15.9 | 2.4 | +6.6 | -3.1 | 2.1 |
| s0→l2 Cbase/Pclose+f | 47 | +28 | +27 | +11 | +38 | -9.3 | 4.1 | +7.9 | -3.1 | 2.5 |
| s0→l2 Cclose/Pbase | 70 | +48 | +28 | +24 | +52 | -17.4 | 3.0 | +18.2 | -1.6 | 11.3 |
| s0→l2 Cclose/Pbase+f | 47 | +31 | +25 | +20 | +45 | -12.0 | 3.7 | +17.9 | -0.4 | 51.1 |
| s0→l2 Cclose/Pclose | 70 | +32 | +28 | +10 | +38 | -8.0 | 4.8 | +1.6 | -4.1 | 0.4 |
| s0→l2 Cclose/Pclose+f | 47 | +14 | +23 | +9 | +32 | -4.5 | 7.0 | +3.7 | -4.1 | 0.9 |
| s0→l3 Cbase/Pbase | 70 | +56 | +25 | +25 | +50 | -30.1 | 1.7 | +22.7 | -1.3 | 17.9 |
| s0→l3 Cbase/Pbase+f | 47 | +44 | +29 | +22 | +51 | -19.1 | 2.6 | +21.8 | -1.1 | 20.4 |
| s0→l3 Cbase/Pclose | 70 | +38 | +26 | +11 | +37 | -16.6 | 2.2 | +5.2 | -4.3 | 1.2 |
| s0→l3 Cbase/Pclose+f | 47 | +27 | +29 | +11 | +40 | -9.7 | 4.1 | +7.1 | -4.3 | 1.7 |
| s0→l3 Cclose/Pbase | 70 | +47 | +26 | +25 | +51 | -19.1 | 2.7 | +20.0 | -2.1 | 9.7 |
| s0→l3 Cclose/Pbase+f | 47 | +30 | +23 | +20 | +43 | -13.6 | 3.2 | +19.2 | -0.7 | 29.5 |
| s0→l3 Cclose/Pclose | 70 | +30 | +28 | +10 | +38 | -8.9 | 4.3 | +2.5 | -4.5 | 0.6 |
| s0→l3 Cclose/Pclose+f | 47 | +12 | +23 | +9 | +32 | -4.9 | 6.6 | +4.5 | -4.5 | 1.0 |
'24/'25/'26 = M2 by year (% notional). 25+26 = the decision window. M2 DD = max drawdown on M2 2025+26. Exec'26 / ExDD / Ex r/DD = real Tardis against the orderbook (buy ask / sell bid). The Pclose rows show negative/blown Exec — that's the close-always exec trap (selling deep-ITM longs at the bid).
Equity — filter on vs off (M2, 2024→2026)
2026 reality — Model vs Mid vs Execution (traded weeks)
Week-by-week — every leg (skipped weeks greyed)
| Week / leg | Strike | In $ | Out $ | Net $ |
|---|---|---|---|---|
| 2024 | ||||
| 2024-01-05 SKIP (high IV) $43,918→$45,862→$41,292 | Call -1.40 Put -4.74 Comb -6.13% (not traded) | ||||
| 2024-01-12 $45,862→$41,292→$40,134 | Call +1.53 Put +0.16 Comb +1.69% Cum +1.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 47,000 | -1,409 | +0 | -1,409 |
| ↳ SHORT#1 7d | 46,000 | +1,355 | +0 | +1,355 |
| ↳ SHORT#2 7d re-struck @d7 | 42,000 | +754 | +0 | +754 |
| = subtotal | +700 R +1.53% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 44,000 | -1,246 | +3,866 | +2,621 |
| ↳ SHORT#1 7d | 45,000 | +1,066 | -3,708 | -2,642 |
| ↳ SHORT#2 7d re-struck @d7 | 41,000 | +961 | -866 | +95 |
| = subtotal | +74 R +0.16% | |||
| 2024-01-19 $41,292→$40,134→$43,028 | Call -3.52 Put -0.03 Comb -3.55% Cum -1.9 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 43,000 | -739 | +28 | -711 |
| ↳ SHORT#1 7d | 42,000 | +754 | +0 | +754 |
| ↳ SHORT#2 7d re-struck @d7 | 41,000 | +533 | -2,028 | -1,495 |
| = subtotal | -1,452 R -3.52% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 40,000 | -957 | +0 | -957 |
| ↳ SHORT#1 7d | 41,000 | +961 | -866 | +95 |
| ↳ SHORT#2 7d re-struck @d7 | 40,000 | +849 | +0 | +849 |
| = subtotal | -13 R -0.03% | |||
| 2024-01-26 $40,134→$43,028→$46,650 | Call +1.32 Put +2.50 Comb +3.82% Cum +2.0 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 42,000 | -532 | +4,650 | +4,118 |
| ↳ SHORT#1 7d | 41,000 | +533 | -2,028 | -1,495 |
| ↳ SHORT#2 7d re-struck @d7 | 44,000 | +557 | -2,650 | -2,093 |
| = subtotal | +530 R +1.32% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 39,000 | -814 | +0 | -814 |
| ↳ SHORT#1 7d | 40,000 | +849 | +0 | +849 |
| ↳ SHORT#2 7d re-struck @d7 | 43,000 | +967 | +0 | +967 |
| = subtotal | +1,002 R +2.50% | |||
| 2024-02-02 $43,028→$46,650→$51,855 | Call +0.86 Put +2.27 Comb +3.13% Cum +5.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 45,000 | -578 | +6,855 | +6,277 |
| ↳ SHORT#1 7d | 44,000 | +557 | -2,650 | -2,093 |
| ↳ SHORT#2 7d re-struck @d7 | 47,000 | +1,041 | -4,855 | -3,815 |
| = subtotal | +369 R +0.86% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 42,000 | -946 | +0 | -946 |
| ↳ SHORT#1 7d | 43,000 | +967 | +0 | +967 |
| ↳ SHORT#2 7d re-struck @d7 | 46,000 | +955 | +0 | +955 |
| = subtotal | +976 R +2.27% | |||
| 2024-02-09 SKIP (high IV) $46,650→$51,855→$50,966 | Call -0.72 Put +2.50 Comb +1.79% (not traded) | ||||
| 2024-02-16 SKIP (high IV) $51,855→$50,966→$61,952 | Call -1.30 Put +1.43 Comb +0.13% (not traded) | ||||
| 2024-02-23 $50,966→$61,952→$67,249 | Call +2.04 Put +2.95 Comb +4.99% Cum +10.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 52,000 | -1,530 | +15,249 | +13,719 |
| ↳ SHORT#1 7d | 51,000 | +1,437 | -10,952 | -9,515 |
| ↳ SHORT#2 7d re-struck @d7 | 62,000 | +2,084 | -5,249 | -3,165 |
| = subtotal | +1,039 R +2.04% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 49,000 | -1,266 | +0 | -1,266 |
| ↳ SHORT#1 7d | 50,000 | +1,025 | +0 | +1,025 |
| ↳ SHORT#2 7d re-struck @d7 | 61,000 | +1,743 | +0 | +1,743 |
| = subtotal | +1,502 R +2.95% | |||
| 2024-03-01 SKIP (high IV) $61,952→$67,249→$67,096 | Call +0.57 Put +2.81 Comb +3.37% (not traded) | ||||
| 2024-03-08 $67,249→$67,096→$65,864 | Call +3.25 Put +1.71 Comb +4.96% Cum +15.0 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,353 | +0 | -2,353 |
| ↳ SHORT#1 7d | 68,000 | +1,877 | +0 | +1,877 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +2,665 | +0 | +2,665 |
| = subtotal | +2,189 R +3.26% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -2,667 | +136 | -2,530 |
| ↳ SHORT#1 7d | 67,000 | +2,175 | +0 | +2,175 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +2,640 | -1,136 | +1,503 |
| = subtotal | +1,148 R +1.71% | |||
| 2024-03-15 $67,096→$65,864→$69,974 | Call -1.26 Put +1.42 Comb +0.15% Cum +15.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,973 | +974 | -2,000 |
| ↳ SHORT#1 7d | 68,000 | +2,665 | +0 | +2,665 |
| ↳ SHORT#2 7d re-struck @d7 | 66,000 | +2,461 | -3,974 | -1,513 |
| = subtotal | -848 R -1.26% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -3,239 | +0 | -3,239 |
| ↳ SHORT#1 7d | 67,000 | +2,640 | -1,136 | +1,503 |
| ↳ SHORT#2 7d re-struck @d7 | 65,000 | +2,686 | +0 | +2,686 |
| = subtotal | +950 R +1.42% | |||
| 2024-03-22 $65,864→$69,974→$67,158 | Call -2.71 Put +1.20 Comb -1.51% Cum +13.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 67,000 | -3,101 | +158 | -2,943 |
| ↳ SHORT#1 7d | 66,000 | +2,461 | -3,974 | -1,513 |
| ↳ SHORT#2 7d re-struck @d7 | 70,000 | +2,671 | +0 | +2,671 |
| = subtotal | -1,785 R -2.71% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 64,000 | -2,878 | +0 | -2,878 |
| ↳ SHORT#1 7d | 65,000 | +2,686 | +0 | +2,686 |
| ↳ SHORT#2 7d re-struck @d7 | 69,000 | +2,826 | -1,842 | +984 |
| = subtotal | +792 R +1.20% | |||
| 2024-03-29 $69,974→$67,158→$70,790 | Call -1.14 Put +0.76 Comb -0.37% Cum +13.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 71,000 | -3,372 | +0 | -3,372 |
| ↳ SHORT#1 7d | 70,000 | +2,671 | +0 | +2,671 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +2,694 | -2,790 | -95 |
| = subtotal | -796 R -1.14% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 68,000 | -3,060 | +0 | -3,060 |
| ↳ SHORT#1 7d | 69,000 | +2,826 | -1,842 | +984 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +2,611 | +0 | +2,611 |
| = subtotal | +535 R +0.76% | |||
| 2024-04-05 $67,158→$70,790→$64,628 | Call -1.18 Put -3.68 Comb -4.86% Cum +8.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -3,002 | +0 | -3,002 |
| ↳ SHORT#1 7d | 68,000 | +2,694 | -2,790 | -95 |
| ↳ SHORT#2 7d re-struck @d7 | 71,000 | +2,307 | +0 | +2,307 |
| = subtotal | -790 R -1.18% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -3,213 | +1,372 | -1,841 |
| ↳ SHORT#1 7d | 67,000 | +2,611 | +0 | +2,611 |
| ↳ SHORT#2 7d re-struck @d7 | 70,000 | +2,128 | -5,372 | -3,244 |
| = subtotal | -2,474 R -3.68% | |||
| 2024-04-12 $70,790→$64,628→$64,412 | Call +2.56 Put +1.53 Comb +4.08% Cum +12.5 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 72,000 | -2,801 | +0 | -2,801 |
| ↳ SHORT#1 7d | 71,000 | +2,307 | +0 | +2,307 |
| ↳ SHORT#2 7d re-struck @d7 | 65,000 | +2,305 | +0 | +2,305 |
| = subtotal | +1,811 R +2.56% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 69,000 | -2,540 | +4,588 | +2,048 |
| ↳ SHORT#1 7d | 70,000 | +2,128 | -5,372 | -3,244 |
| ↳ SHORT#2 7d re-struck @d7 | 64,000 | +2,276 | +0 | +2,276 |
| = subtotal | +1,080 R +1.53% | |||
| 2024-04-19 SKIP (high IV) $64,628→$64,412→$59,218 | Call +1.51 Put +0.26 Comb +1.77% (not traded) | ||||
| 2024-04-26 $64,412→$59,218→$63,050 | Call -2.91 Put -5.27 Comb -8.18% Cum +4.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 66,000 | -1,982 | +0 | -1,982 |
| ↳ SHORT#1 7d | 65,000 | +1,723 | +0 | +1,723 |
| ↳ SHORT#2 7d re-struck @d7 | 60,000 | +1,434 | -3,050 | -1,616 |
| = subtotal | -1,875 R -2.91% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 63,000 | -2,164 | +0 | -2,164 |
| ↳ SHORT#1 7d | 64,000 | +1,808 | -4,782 | -2,974 |
| ↳ SHORT#2 7d re-struck @d7 | 59,000 | +1,741 | +0 | +1,741 |
| = subtotal | -3,397 R -5.27% | |||
| 2024-05-03 $59,218→$63,050→$66,140 | Call +1.71 Put +2.59 Comb +4.29% Cum +8.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 61,000 | -1,716 | +5,140 | +3,423 |
| ↳ SHORT#1 7d | 60,000 | +1,434 | -3,050 | -1,616 |
| ↳ SHORT#2 7d re-struck @d7 | 64,000 | +1,342 | -2,140 | -797 |
| = subtotal | +1,010 R +1.71% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 58,000 | -2,025 | +0 | -2,025 |
| ↳ SHORT#1 7d | 59,000 | +1,741 | +0 | +1,741 |
| ↳ SHORT#2 7d re-struck @d7 | 63,000 | +1,816 | +0 | +1,816 |
| = subtotal | +1,532 R +2.59% | |||
| 2024-05-10 $63,050→$66,140→$67,205 | Call +1.89 Put +2.83 Comb +4.72% Cum +13.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 65,000 | -1,617 | +2,205 | +588 |
| ↳ SHORT#1 7d | 64,000 | +1,342 | -2,140 | -797 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,607 | -205 | +1,402 |
| = subtotal | +1,193 R +1.89% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 62,000 | -2,027 | +0 | -2,027 |
| ↳ SHORT#1 7d | 63,000 | +1,816 | +0 | +1,816 |
| ↳ SHORT#2 7d re-struck @d7 | 66,000 | +1,997 | +0 | +1,997 |
| = subtotal | +1,786 R +2.83% | |||
| 2024-05-17 $66,140→$67,205→$68,138 | Call +1.47 Put +2.31 Comb +3.78% Cum +17.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 68,000 | -1,949 | +138 | -1,812 |
| ↳ SHORT#1 7d | 67,000 | +1,607 | -205 | +1,402 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,520 | -138 | +1,383 |
| = subtotal | +973 R +1.47% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 65,000 | -2,328 | +0 | -2,328 |
| ↳ SHORT#1 7d | 66,000 | +1,997 | +0 | +1,997 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,858 | +0 | +1,858 |
| = subtotal | +1,527 R +2.31% | |||
| 2024-05-24 $67,205→$68,138→$71,130 | Call +1.56 Put +2.46 Comb +4.02% Cum +21.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -1,851 | +2,130 | +278 |
| ↳ SHORT#1 7d | 68,000 | +1,520 | -138 | +1,383 |
| ↳ SHORT#2 7d re-struck @d7 | 69,000 | +1,518 | -2,130 | -612 |
| = subtotal | +1,049 R +1.56% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -2,122 | +0 | -2,122 |
| ↳ SHORT#1 7d | 67,000 | +1,858 | +0 | +1,858 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,919 | +0 | +1,919 |
| = subtotal | +1,655 R +2.46% | |||
| 2024-05-31 $68,138→$71,130→$67,144 | Call -1.29 Put -3.10 Comb -4.39% Cum +16.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 70,000 | -1,861 | +0 | -1,861 |
| ↳ SHORT#1 7d | 69,000 | +1,518 | -2,130 | -612 |
| ↳ SHORT#2 7d re-struck @d7 | 72,000 | +1,597 | +0 | +1,597 |
| = subtotal | -876 R -1.29% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 67,000 | -2,189 | +0 | -2,189 |
| ↳ SHORT#1 7d | 68,000 | +1,919 | +0 | +1,919 |
| ↳ SHORT#2 7d re-struck @d7 | 71,000 | +2,011 | -3,856 | -1,845 |
| = subtotal | -2,115 R -3.10% | |||
| 2024-06-07 $71,130→$67,144→$63,638 | Call +1.36 Put +0.80 Comb +2.16% Cum +18.9 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 73,000 | -1,970 | +0 | -1,970 |
| ↳ SHORT#1 7d | 72,000 | +1,597 | +0 | +1,597 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,343 | +0 | +1,343 |
| = subtotal | +970 R +1.36% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 70,000 | -2,312 | +6,362 | +4,050 |
| ↳ SHORT#1 7d | 71,000 | +2,011 | -3,856 | -1,845 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,726 | -3,362 | -1,635 |
| = subtotal | +570 R +0.80% | |||
| 2024-06-14 $67,144→$63,638→$61,482 | Call +1.95 Put +1.34 Comb +3.29% Cum +22.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -1,503 | +0 | -1,503 |
| ↳ SHORT#1 7d | 68,000 | +1,343 | +0 | +1,343 |
| ↳ SHORT#2 7d re-struck @d7 | 64,000 | +1,471 | +0 | +1,471 |
| = subtotal | +1,311 R +1.95% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -1,878 | +4,518 | +2,641 |
| ↳ SHORT#1 7d | 67,000 | +1,726 | -3,362 | -1,635 |
| ↳ SHORT#2 7d re-struck @d7 | 63,000 | +1,412 | -1,518 | -106 |
| = subtotal | +900 R +1.34% | |||
| 2024-06-21 $63,638→$61,482→$54,086 | Call +1.96 Put +1.15 Comb +3.11% Cum +25.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 65,000 | -1,569 | +0 | -1,569 |
| ↳ SHORT#1 7d | 64,000 | +1,471 | +0 | +1,471 |
| ↳ SHORT#2 7d re-struck @d7 | 62,000 | +1,346 | +0 | +1,346 |
| = subtotal | +1,248 R +1.96% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 62,000 | -1,575 | +7,914 | +6,340 |
| ↳ SHORT#1 7d | 63,000 | +1,412 | -1,518 | -106 |
| ↳ SHORT#2 7d re-struck @d7 | 61,000 | +1,409 | -6,914 | -5,505 |
| = subtotal | +729 R +1.15% | |||
| 2024-06-28 $61,482→$54,086→$57,322 | Call -2.12 Put -4.64 Comb -6.76% Cum +18.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 63,000 | -1,441 | +0 | -1,441 |
| ↳ SHORT#1 7d | 62,000 | +1,346 | +0 | +1,346 |
| ↳ SHORT#2 7d re-struck @d7 | 55,000 | +1,112 | -2,322 | -1,210 |
| = subtotal | -1,305 R -2.12% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 60,000 | -1,563 | +2,678 | +1,115 |
| ↳ SHORT#1 7d | 61,000 | +1,409 | -6,914 | -5,505 |
| ↳ SHORT#2 7d re-struck @d7 | 54,000 | +1,536 | +0 | +1,536 |
| = subtotal | -2,854 R -4.64% | |||
| 2024-07-05 SKIP (high IV) $54,086→$57,322→$63,822 | Call +1.21 Put +2.26 Comb +3.47% (not traded) | ||||
| 2024-07-12 $57,322→$63,822→$67,106 | Call +1.72 Put +2.69 Comb +4.42% Cum +23.0 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 59,000 | -1,250 | +8,106 | +6,856 |
| ↳ SHORT#1 7d | 58,000 | +1,168 | -5,822 | -4,654 |
| ↳ SHORT#2 7d re-struck @d7 | 64,000 | +1,892 | -3,106 | -1,214 |
| = subtotal | +988 R +1.72% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 56,000 | -1,481 | +0 | -1,481 |
| ↳ SHORT#1 7d | 57,000 | +1,375 | +0 | +1,375 |
| ↳ SHORT#2 7d re-struck @d7 | 63,000 | +1,651 | +0 | +1,651 |
| = subtotal | +1,545 R +2.70% | |||
| 2024-07-19 $63,822→$67,106→$64,594 | Call -2.49 Put -0.74 Comb -3.23% Cum +19.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 65,000 | -2,187 | +0 | -2,187 |
| ↳ SHORT#1 7d | 64,000 | +1,892 | -3,106 | -1,214 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,811 | +0 | +1,811 |
| = subtotal | -1,590 R -2.49% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 62,000 | -1,962 | +0 | -1,962 |
| ↳ SHORT#1 7d | 63,000 | +1,651 | +0 | +1,651 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +2,243 | -2,406 | -164 |
| = subtotal | -475 R -0.74% | |||
| 2024-07-26 $67,106→$64,594→$61,094 | Call +1.48 Put +0.82 Comb +2.30% Cum +22.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,292 | +0 | -2,292 |
| ↳ SHORT#1 7d | 68,000 | +1,811 | +0 | +1,811 |
| ↳ SHORT#2 7d re-struck @d7 | 65,000 | +1,476 | +0 | +1,476 |
| = subtotal | +995 R +1.48% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -2,727 | +4,906 | +2,180 |
| ↳ SHORT#1 7d | 67,000 | +2,243 | -2,406 | -164 |
| ↳ SHORT#2 7d re-struck @d7 | 64,000 | +1,439 | -2,906 | -1,467 |
| = subtotal | +549 R +0.82% | |||
| 2024-08-02 $64,594→$61,094→$58,362 | Call +2.06 Put +1.19 Comb +3.25% Cum +25.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 66,000 | -1,584 | +0 | -1,584 |
| ↳ SHORT#1 7d | 65,000 | +1,476 | +0 | +1,476 |
| ↳ SHORT#2 7d re-struck @d7 | 62,000 | +1,439 | +0 | +1,439 |
| = subtotal | +1,331 R +2.06% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 63,000 | -1,627 | +4,638 | +3,012 |
| ↳ SHORT#1 7d | 64,000 | +1,439 | -2,906 | -1,467 |
| ↳ SHORT#2 7d re-struck @d7 | 61,000 | +1,863 | -2,638 | -775 |
| = subtotal | +770 R +1.19% | |||
| 2024-08-09 $61,094→$58,362→$61,314 | Call -2.09 Put -2.27 Comb -4.36% Cum +20.9 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 63,000 | -1,746 | +0 | -1,746 |
| ↳ SHORT#1 7d | 62,000 | +1,439 | +0 | +1,439 |
| ↳ SHORT#2 7d re-struck @d7 | 59,000 | +1,342 | -2,314 | -972 |
| = subtotal | -1,279 R -2.09% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 60,000 | -2,132 | +0 | -2,132 |
| ↳ SHORT#1 7d | 61,000 | +1,863 | -2,638 | -775 |
| ↳ SHORT#2 7d re-struck @d7 | 58,000 | +1,523 | +0 | +1,523 |
| = subtotal | -1,384 R -2.27% | |||
| 2024-08-16 $58,362→$61,314→$59,448 | Call -1.97 Put -0.23 Comb -2.20% Cum +18.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 60,000 | -1,578 | +0 | -1,578 |
| ↳ SHORT#1 7d | 59,000 | +1,342 | -2,314 | -972 |
| ↳ SHORT#2 7d re-struck @d7 | 62,000 | +1,404 | +0 | +1,404 |
| = subtotal | -1,146 R -1.96% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 57,000 | -1,740 | +0 | -1,740 |
| ↳ SHORT#1 7d | 58,000 | +1,523 | +0 | +1,523 |
| ↳ SHORT#2 7d re-struck @d7 | 61,000 | +1,632 | -1,552 | +80 |
| = subtotal | -137 R -0.23% | |||
| 2024-08-23 $61,314→$59,448→$55,781 | Call +1.91 Put +1.17 Comb +3.08% Cum +21.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 63,000 | -1,671 | +0 | -1,671 |
| ↳ SHORT#1 7d | 62,000 | +1,404 | +0 | +1,404 |
| ↳ SHORT#2 7d re-struck @d7 | 60,000 | +1,441 | +0 | +1,441 |
| = subtotal | +1,174 R +1.91% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 60,000 | -1,878 | +4,219 | +2,341 |
| ↳ SHORT#1 7d | 61,000 | +1,632 | -1,552 | +80 |
| ↳ SHORT#2 7d re-struck @d7 | 59,000 | +1,513 | -3,219 | -1,706 |
| = subtotal | +715 R +1.17% | |||
| 2024-08-30 $59,448→$55,781→$57,963 | Call -0.92 Put -3.37 Comb -4.29% Cum +17.5 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 61,000 | -1,651 | +0 | -1,651 |
| ↳ SHORT#1 7d | 60,000 | +1,441 | +0 | +1,441 |
| ↳ SHORT#2 7d re-struck @d7 | 56,000 | +1,624 | -1,963 | -339 |
| = subtotal | -549 R -0.92% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 58,000 | -1,746 | +37 | -1,710 |
| ↳ SHORT#1 7d | 59,000 | +1,513 | -3,219 | -1,706 |
| ↳ SHORT#2 7d re-struck @d7 | 55,000 | +1,415 | +0 | +1,415 |
| = subtotal | -2,001 R -3.37% | |||
| 2024-09-06 SKIP (high IV) $55,781→$57,963→$63,311 | Call +0.93 Put +1.67 Comb +2.60% (not traded) | ||||
| 2024-09-13 $57,963→$63,311→$65,730 | Call +1.67 Put +2.36 Comb +4.03% Cum +21.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 59,000 | -1,812 | +6,730 | +4,918 |
| ↳ SHORT#1 7d | 58,000 | +1,635 | -5,311 | -3,676 |
| ↳ SHORT#2 7d re-struck @d7 | 64,000 | +1,457 | -1,730 | -273 |
| = subtotal | +969 R +1.67% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 56,000 | -1,545 | +0 | -1,545 |
| ↳ SHORT#1 7d | 57,000 | +1,222 | +0 | +1,222 |
| ↳ SHORT#2 7d re-struck @d7 | 63,000 | +1,692 | +0 | +1,692 |
| = subtotal | +1,369 R +2.36% | |||
| 2024-09-20 $63,311→$65,730→$61,450 | Call -0.43 Put -2.73 Comb -3.15% Cum +18.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 65,000 | -1,745 | +0 | -1,745 |
| ↳ SHORT#1 7d | 64,000 | +1,457 | -1,730 | -273 |
| ↳ SHORT#2 7d re-struck @d7 | 66,000 | +1,746 | +0 | +1,746 |
| = subtotal | -272 R -0.43% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 62,000 | -1,959 | +550 | -1,409 |
| ↳ SHORT#1 7d | 63,000 | +1,692 | +0 | +1,692 |
| ↳ SHORT#2 7d re-struck @d7 | 65,000 | +1,542 | -3,550 | -2,008 |
| = subtotal | -1,725 R -2.72% | |||
| 2024-09-27 SKIP (high IV) $65,730→$61,450→$60,669 | Call +2.10 Put +1.24 Comb +3.33% (not traded) | ||||
| 2024-10-04 SKIP (high IV) $61,450→$60,669→$67,927 | Call -1.06 Put +1.26 Comb +0.19% (not traded) | ||||
| 2024-10-11 $60,669→$67,927→$67,670 | Call +1.00 Put +2.40 Comb +3.40% Cum +21.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 62,000 | -1,782 | +5,670 | +3,888 |
| ↳ SHORT#1 7d | 61,000 | +1,574 | -6,927 | -5,353 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +2,070 | +0 | +2,070 |
| = subtotal | +605 R +1.00% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 59,000 | -1,702 | +0 | -1,702 |
| ↳ SHORT#1 7d | 60,000 | +1,425 | +0 | +1,425 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,734 | +0 | +1,734 |
| = subtotal | +1,457 R +2.40% | |||
| 2024-10-18 $67,927→$67,670→$69,375 | Call +0.89 Put +2.10 Comb +2.99% Cum +24.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,403 | +375 | -2,028 |
| ↳ SHORT#1 7d | 68,000 | +2,070 | +0 | +2,070 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,940 | -1,375 | +565 |
| = subtotal | +607 R +0.89% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -2,094 | +0 | -2,094 |
| ↳ SHORT#1 7d | 67,000 | +1,734 | +0 | +1,734 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,787 | +0 | +1,787 |
| = subtotal | +1,427 R +2.10% | |||
| 2024-10-25 $67,670→$69,375→$75,822 | Call +1.68 Put +2.33 Comb +4.01% Cum +28.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,285 | +6,822 | +4,537 |
| ↳ SHORT#1 7d | 68,000 | +1,940 | -1,375 | +565 |
| ↳ SHORT#2 7d re-struck @d7 | 70,000 | +1,860 | -5,822 | -3,962 |
| = subtotal | +1,140 R +1.68% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -2,192 | +0 | -2,192 |
| ↳ SHORT#1 7d | 67,000 | +1,787 | +0 | +1,787 |
| ↳ SHORT#2 7d re-struck @d7 | 69,000 | +1,981 | +0 | +1,981 |
| = subtotal | +1,576 R +2.33% | |||
| 2024-11-01 $69,375→$75,822→$88,101 | Call +1.36 Put +2.03 Comb +3.40% Cum +32.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 71,000 | -2,168 | +17,101 | +14,933 |
| ↳ SHORT#1 7d | 70,000 | +1,860 | -5,822 | -3,962 |
| ↳ SHORT#2 7d re-struck @d7 | 76,000 | +2,077 | -12,101 | -10,024 |
| = subtotal | +947 R +1.37% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 68,000 | -2,360 | +0 | -2,360 |
| ↳ SHORT#1 7d | 69,000 | +1,981 | +0 | +1,981 |
| ↳ SHORT#2 7d re-struck @d7 | 75,000 | +1,788 | +0 | +1,788 |
| = subtotal | +1,409 R +2.03% | |||
| 2024-11-08 $75,822→$88,101→$98,880 | Call +2.34 Put +2.97 Comb +5.32% Cum +37.5 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 77,000 | -2,444 | +21,880 | +19,436 |
| ↳ SHORT#1 7d | 76,000 | +2,077 | -12,101 | -10,024 |
| ↳ SHORT#2 7d re-struck @d7 | 89,000 | +2,245 | -9,880 | -7,636 |
| = subtotal | +1,776 R +2.34% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 74,000 | -2,238 | +0 | -2,238 |
| ↳ SHORT#1 7d | 75,000 | +1,788 | +0 | +1,788 |
| ↳ SHORT#2 7d re-struck @d7 | 88,000 | +2,704 | +0 | +2,704 |
| = subtotal | +2,254 R +2.97% | |||
| 2024-11-15 SKIP (high IV) $88,101→$98,880→$96,000 | Call -1.30 Put +0.40 Comb -0.90% (not traded) | ||||
| 2024-11-22 SKIP (high IV) $98,880→$96,000→$98,342 | Call -0.22 Put -0.36 Comb -0.59% (not traded) | ||||
| 2024-11-29 $96,000→$98,342→$100,273 | Call +1.82 Put +2.32 Comb +4.14% Cum +41.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 97,000 | -3,619 | +3,273 | -346 |
| ↳ SHORT#1 7d | 96,000 | +2,974 | -2,342 | +632 |
| ↳ SHORT#2 7d re-struck @d7 | 99,000 | +2,739 | -1,273 | +1,466 |
| = subtotal | +1,752 R +1.82% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 94,000 | -3,271 | +0 | -3,271 |
| ↳ SHORT#1 7d | 95,000 | +2,593 | +0 | +2,593 |
| ↳ SHORT#2 7d re-struck @d7 | 98,000 | +2,902 | +0 | +2,902 |
| = subtotal | +2,224 R +2.32% | |||
| 2024-12-06 SKIP (high IV) $98,342→$100,273→$95,493 | Call +0.81 Put -0.74 Comb +0.07% (not traded) | ||||
| 2024-12-13 $100,273→$95,493→$95,729 | Call +2.28 Put +1.04 Comb +3.32% Cum +45.0 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 102,000 | -3,487 | +0 | -3,487 |
| ↳ SHORT#1 7d | 101,000 | +2,767 | +0 | +2,767 |
| ↳ SHORT#2 7d re-struck @d7 | 96,000 | +3,009 | +0 | +3,009 |
| = subtotal | +2,289 R +2.28% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 99,000 | -3,741 | +3,271 | -470 |
| ↳ SHORT#1 7d | 100,000 | +2,997 | -4,507 | -1,510 |
| ↳ SHORT#2 7d re-struck @d7 | 95,000 | +3,020 | +0 | +3,020 |
| = subtotal | +1,040 R +1.04% | |||
| 2024-12-20 SKIP (high IV) $95,493→$95,729→$96,144 | Call +2.26 Put +2.11 Comb +4.37% (not traded) | ||||
| 2024-12-27 SKIP (high IV) $95,729→$96,144→$94,670 | Call +1.69 Put +0.73 Comb +2.42% (not traded) | ||||
| 2025 | ||||
| 2025-01-03 $96,144→$94,670→$102,140 | Call -0.94 Put +0.63 Comb -0.31% Cum +44.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 98,000 | -3,261 | +4,140 | +879 |
| ↳ SHORT#1 7d | 97,000 | +2,582 | +0 | +2,582 |
| ↳ SHORT#2 7d re-struck @d7 | 95,000 | +2,776 | -7,140 | -4,364 |
| = subtotal | -903 R -0.94% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 95,000 | -3,624 | +0 | -3,624 |
| ↳ SHORT#1 7d | 96,000 | +2,933 | -1,330 | +1,603 |
| ↳ SHORT#2 7d re-struck @d7 | 94,000 | +2,626 | +0 | +2,626 |
| = subtotal | +605 R +0.63% | |||
| 2025-01-10 $94,670→$102,140→$105,492 | Call +2.42 Put +2.89 Comb +5.31% Cum +50.0 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 96,000 | -3,419 | +9,492 | +6,073 |
| ↳ SHORT#1 7d | 95,000 | +2,776 | -7,140 | -4,364 |
| ↳ SHORT#2 7d re-struck @d7 | 103,000 | +3,075 | -2,492 | +582 |
| = subtotal | +2,291 R +2.42% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 93,000 | -3,314 | +0 | -3,314 |
| ↳ SHORT#1 7d | 94,000 | +2,626 | +0 | +2,626 |
| ↳ SHORT#2 7d re-struck @d7 | 102,000 | +3,425 | +0 | +3,425 |
| = subtotal | +2,737 R +2.89% | |||
| 2025-01-17 SKIP (high IV) $102,140→$105,492→$104,012 | Call -0.36 Put +1.05 Comb +0.69% (not traded) | ||||
| 2025-01-24 $105,492→$104,012→$97,032 | Call +1.65 Put +1.17 Comb +2.82% Cum +52.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 107,000 | -3,799 | +0 | -3,799 |
| ↳ SHORT#1 7d | 106,000 | +3,028 | +0 | +3,028 |
| ↳ SHORT#2 7d re-struck @d7 | 105,000 | +2,512 | +0 | +2,512 |
| = subtotal | +1,741 R +1.65% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 104,000 | -3,864 | +6,968 | +3,104 |
| ↳ SHORT#1 7d | 105,000 | +3,051 | -988 | +2,063 |
| ↳ SHORT#2 7d re-struck @d7 | 104,000 | +3,032 | -6,968 | -3,936 |
| = subtotal | +1,231 R +1.17% | |||
| 2025-01-31 $104,012→$97,032→$96,889 | Call +1.57 Put +1.19 Comb +2.76% Cum +55.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 106,000 | -3,200 | +0 | -3,200 |
| ↳ SHORT#1 7d | 105,000 | +2,512 | +0 | +2,512 |
| ↳ SHORT#2 7d re-struck @d7 | 98,000 | +2,324 | +0 | +2,324 |
| = subtotal | +1,636 R +1.57% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 103,000 | -3,649 | +6,111 | +2,462 |
| ↳ SHORT#1 7d | 104,000 | +3,032 | -6,968 | -3,936 |
| ↳ SHORT#2 7d re-struck @d7 | 97,000 | +2,817 | -111 | +2,706 |
| = subtotal | +1,232 R +1.18% | |||
| 2025-02-07 $97,032→$96,889→$98,209 | Call +0.94 Put +1.76 Comb +2.70% Cum +58.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 99,000 | -2,914 | +0 | -2,914 |
| ↳ SHORT#1 7d | 98,000 | +2,324 | +0 | +2,324 |
| ↳ SHORT#2 7d re-struck @d7 | 97,000 | +2,710 | -1,209 | +1,501 |
| = subtotal | +911 R +0.94% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 96,000 | -3,390 | +0 | -3,390 |
| ↳ SHORT#1 7d | 97,000 | +2,817 | -111 | +2,706 |
| ↳ SHORT#2 7d re-struck @d7 | 96,000 | +2,391 | +0 | +2,391 |
| = subtotal | +1,707 R +1.76% | |||
| 2025-02-14 $96,889→$98,209→$78,980 | Call +0.39 Put -1.11 Comb -0.72% Cum +57.5 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 98,000 | -3,292 | +0 | -3,292 |
| ↳ SHORT#1 7d | 97,000 | +2,710 | -1,209 | +1,501 |
| ↳ SHORT#2 7d re-struck @d7 | 99,000 | +2,167 | +0 | +2,167 |
| = subtotal | +376 R +0.39% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 95,000 | -2,992 | +16,020 | +13,028 |
| ↳ SHORT#1 7d | 96,000 | +2,391 | +0 | +2,391 |
| ↳ SHORT#2 7d re-struck @d7 | 98,000 | +2,526 | -19,020 | -16,494 |
| = subtotal | -1,075 R -1.11% | |||
| 2025-02-21 $98,209→$78,980→$88,362 | Call -7.54 Put -8.91 Comb -16.45% Cum +41.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 100,000 | -2,646 | +0 | -2,646 |
| ↳ SHORT#1 7d | 99,000 | +2,167 | +0 | +2,167 |
| ↳ SHORT#2 7d re-struck @d7 | 79,000 | +2,437 | -9,362 | -6,925 |
| = subtotal | -7,404 R -7.54% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 97,000 | -2,958 | +8,638 | +5,680 |
| ↳ SHORT#1 7d | 98,000 | +2,526 | -19,020 | -16,494 |
| ↳ SHORT#2 7d re-struck @d7 | 78,000 | +2,060 | +0 | +2,060 |
| = subtotal | -8,754 R -8.91% | |||
| 2025-02-28 SKIP (high IV) $78,980→$88,362→$82,592 | Call -6.06 Put -4.20 Comb -10.25% (not traded) | ||||
| 2025-03-07 $88,362→$82,592→$84,018 | Call +0.63 Put -1.03 Comb -0.40% Cum +40.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 90,000 | -3,025 | +0 | -3,025 |
| ↳ SHORT#1 7d | 89,000 | +2,440 | +0 | +2,440 |
| ↳ SHORT#2 7d re-struck @d7 | 83,000 | +2,162 | -1,018 | +1,144 |
| = subtotal | +559 R +0.63% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 87,000 | -3,184 | +2,982 | -202 |
| ↳ SHORT#1 7d | 88,000 | +2,580 | -5,408 | -2,828 |
| ↳ SHORT#2 7d re-struck @d7 | 82,000 | +2,117 | +0 | +2,117 |
| = subtotal | -913 R -1.03% | |||
| 2025-03-14 $82,592→$84,018→$85,220 | Call +1.51 Put +2.18 Comb +3.69% Cum +44.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 84,000 | -2,610 | +1,220 | -1,390 |
| ↳ SHORT#1 7d | 83,000 | +2,162 | -1,018 | +1,144 |
| ↳ SHORT#2 7d re-struck @d7 | 85,000 | +1,717 | -220 | +1,497 |
| = subtotal | +1,251 R +1.51% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 81,000 | -2,559 | +0 | -2,559 |
| ↳ SHORT#1 7d | 82,000 | +2,117 | +0 | +2,117 |
| ↳ SHORT#2 7d re-struck @d7 | 84,000 | +2,243 | +0 | +2,243 |
| = subtotal | +1,801 R +2.18% | |||
| 2025-03-21 $84,018→$85,220→$84,418 | Call +1.59 Put +1.54 Comb +3.13% Cum +47.5 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 86,000 | -2,003 | +0 | -2,003 |
| ↳ SHORT#1 7d | 85,000 | +1,717 | -220 | +1,497 |
| ↳ SHORT#2 7d re-struck @d7 | 86,000 | +1,840 | +0 | +1,840 |
| = subtotal | +1,334 R +1.59% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 83,000 | -2,538 | +0 | -2,538 |
| ↳ SHORT#1 7d | 84,000 | +2,243 | +0 | +2,243 |
| ↳ SHORT#2 7d re-struck @d7 | 85,000 | +2,172 | -582 | +1,590 |
| = subtotal | +1,295 R +1.54% | |||
| 2025-03-28 SKIP (high IV) $85,220→$84,418→$81,636 | Call +2.18 Put +1.59 Comb +3.77% (not traded) | ||||
| 2025-04-04 SKIP (high IV) $84,418→$81,636→$84,656 | Call -1.15 Put -0.89 Comb -2.04% (not traded) | ||||
| 2025-04-11 $81,636→$84,656→$93,660 | Call +1.14 Put +1.79 Comb +2.93% Cum +50.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 83,000 | -2,592 | +10,660 | +8,068 |
| ↳ SHORT#1 7d | 82,000 | +2,156 | -2,656 | -500 |
| ↳ SHORT#2 7d re-struck @d7 | 85,000 | +2,020 | -8,660 | -6,640 |
| = subtotal | +928 R +1.14% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 80,000 | -2,550 | +0 | -2,550 |
| ↳ SHORT#1 7d | 81,000 | +2,068 | +0 | +2,068 |
| ↳ SHORT#2 7d re-struck @d7 | 84,000 | +1,944 | +0 | +1,944 |
| = subtotal | +1,462 R +1.79% | |||
| 2025-04-18 $84,656→$93,660→$96,596 | Call +1.48 Put +2.19 Comb +3.67% Cum +54.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 86,000 | -2,362 | +10,596 | +8,233 |
| ↳ SHORT#1 7d | 85,000 | +2,020 | -8,660 | -6,640 |
| ↳ SHORT#2 7d re-struck @d7 | 94,000 | +2,253 | -2,596 | -342 |
| = subtotal | +1,251 R +1.48% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 83,000 | -2,274 | +0 | -2,274 |
| ↳ SHORT#1 7d | 84,000 | +1,944 | +0 | +1,944 |
| ↳ SHORT#2 7d re-struck @d7 | 93,000 | +2,182 | +0 | +2,182 |
| = subtotal | +1,852 R +2.19% | |||
| 2025-04-25 $93,660→$96,596→$102,948 | Call +1.37 Put +2.01 Comb +3.38% Cum +57.5 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 95,000 | -2,675 | +7,948 | +5,273 |
| ↳ SHORT#1 7d | 94,000 | +2,253 | -2,596 | -342 |
| ↳ SHORT#2 7d re-struck @d7 | 97,000 | +2,299 | -5,948 | -3,649 |
| = subtotal | +1,282 R +1.37% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 92,000 | -2,592 | +0 | -2,592 |
| ↳ SHORT#1 7d | 93,000 | +2,182 | +0 | +2,182 |
| ↳ SHORT#2 7d re-struck @d7 | 96,000 | +2,291 | +0 | +2,291 |
| = subtotal | +1,881 R +2.01% | |||
| 2025-05-02 SKIP (high IV) $96,596→$102,948→$103,368 | Call +1.27 Put +1.93 Comb +3.20% (not traded) | ||||
| 2025-05-09 SKIP (high IV) $102,948→$103,368→$110,880 | Call +1.15 Put +1.62 Comb +2.77% (not traded) | ||||
| 2025-05-16 $103,368→$110,880→$105,131 | Call -4.31 Put -2.76 Comb -7.07% Cum +50.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 105,000 | -2,552 | +131 | -2,420 |
| ↳ SHORT#1 7d | 104,000 | +2,042 | -6,880 | -4,838 |
| ↳ SHORT#2 7d re-struck @d7 | 111,000 | +2,801 | +0 | +2,801 |
| = subtotal | -4,457 R -4.31% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 102,000 | -2,696 | +0 | -2,696 |
| ↳ SHORT#1 7d | 103,000 | +2,174 | +0 | +2,174 |
| ↳ SHORT#2 7d re-struck @d7 | 110,000 | +2,536 | -4,869 | -2,333 |
| = subtotal | -2,855 R -2.76% | |||
| 2025-05-23 $110,880→$105,131→$103,452 | Call +1.57 Put +1.18 Comb +2.76% Cum +53.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 112,000 | -3,367 | +0 | -3,367 |
| ↳ SHORT#1 7d | 111,000 | +2,801 | +0 | +2,801 |
| ↳ SHORT#2 7d re-struck @d7 | 106,000 | +2,310 | +0 | +2,310 |
| = subtotal | +1,744 R +1.57% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 109,000 | -3,105 | +5,548 | +2,442 |
| ↳ SHORT#1 7d | 110,000 | +2,536 | -4,869 | -2,333 |
| ↳ SHORT#2 7d re-struck @d7 | 105,000 | +2,751 | -1,548 | +1,204 |
| = subtotal | +1,313 R +1.18% | |||
| 2025-05-30 $105,131→$103,452→$104,670 | Call +0.83 Put +0.09 Comb +0.92% Cum +54.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 107,000 | -2,852 | +0 | -2,852 |
| ↳ SHORT#1 7d | 106,000 | +2,310 | +0 | +2,310 |
| ↳ SHORT#2 7d re-struck @d7 | 104,000 | +2,082 | -670 | +1,412 |
| = subtotal | +870 R +0.83% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 104,000 | -3,243 | +0 | -3,243 |
| ↳ SHORT#1 7d | 105,000 | +2,751 | -1,548 | +1,204 |
| ↳ SHORT#2 7d re-struck @d7 | 103,000 | +2,136 | +0 | +2,136 |
| = subtotal | +97 R +0.09% | |||
| 2025-06-06 $103,452→$104,670→$105,901 | Call +1.00 Put +1.49 Comb +2.48% Cum +56.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 105,000 | -2,589 | +901 | -1,688 |
| ↳ SHORT#1 7d | 104,000 | +2,082 | -670 | +1,412 |
| ↳ SHORT#2 7d re-struck @d7 | 105,000 | +2,209 | -901 | +1,308 |
| = subtotal | +1,032 R +1.00% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 102,000 | -2,661 | +0 | -2,661 |
| ↳ SHORT#1 7d | 103,000 | +2,136 | +0 | +2,136 |
| ↳ SHORT#2 7d re-struck @d7 | 104,000 | +2,061 | +0 | +2,061 |
| = subtotal | +1,536 R +1.48% | |||
| 2025-06-13 $104,670→$105,901→$106,955 | Call +0.89 Put +1.38 Comb +2.27% Cum +58.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 106,000 | -2,718 | +955 | -1,763 |
| ↳ SHORT#1 7d | 105,000 | +2,209 | -901 | +1,308 |
| ↳ SHORT#2 7d re-struck @d7 | 106,000 | +2,345 | -955 | +1,390 |
| = subtotal | +935 R +0.89% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 103,000 | -2,603 | +0 | -2,603 |
| ↳ SHORT#1 7d | 104,000 | +2,061 | +0 | +2,061 |
| ↳ SHORT#2 7d re-struck @d7 | 105,000 | +1,984 | +0 | +1,984 |
| = subtotal | +1,442 R +1.38% | |||
| 2025-06-20 SKIP (high IV) $105,901→$106,955→$108,706 | Call +0.58 Put +1.04 Comb +1.62% (not traded) | ||||
| 2025-06-27 $106,955→$108,706→$117,970 | Call +0.76 Put +1.18 Comb +1.94% Cum +60.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 108,000 | -2,556 | +9,970 | +7,415 |
| ↳ SHORT#1 7d | 107,000 | +2,082 | -1,706 | +375 |
| ↳ SHORT#2 7d re-struck @d7 | 109,000 | +1,997 | -8,970 | -6,973 |
| = subtotal | +817 R +0.76% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 105,000 | -2,208 | +0 | -2,208 |
| ↳ SHORT#1 7d | 106,000 | +1,661 | +0 | +1,661 |
| ↳ SHORT#2 7d re-struck @d7 | 108,000 | +1,805 | +0 | +1,805 |
| = subtotal | +1,258 R +1.18% | |||
| 2025-07-04 $108,706→$117,970→$118,692 | Call +0.81 Put +1.21 Comb +2.01% Cum +62.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 110,000 | -2,454 | +8,692 | +6,238 |
| ↳ SHORT#1 7d | 109,000 | +1,997 | -8,970 | -6,973 |
| ↳ SHORT#2 7d re-struck @d7 | 118,000 | +2,306 | -692 | +1,614 |
| = subtotal | +879 R +0.81% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 107,000 | -2,363 | +0 | -2,363 |
| ↳ SHORT#1 7d | 108,000 | +1,805 | +0 | +1,805 |
| ↳ SHORT#2 7d re-struck @d7 | 117,000 | +1,868 | +0 | +1,868 |
| = subtotal | +1,310 R +1.21% | |||
| 2025-07-11 SKIP (high IV) $117,970→$118,692→$115,234 | Call +0.79 Put -0.54 Comb +0.25% (not traded) | ||||
| 2025-07-18 $118,692→$115,234→$114,575 | Call +1.44 Put +0.92 Comb +2.37% Cum +65.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 120,000 | -2,723 | +0 | -2,723 |
| ↳ SHORT#1 7d | 119,000 | +2,187 | +0 | +2,187 |
| ↳ SHORT#2 7d re-struck @d7 | 116,000 | +2,250 | +0 | +2,250 |
| = subtotal | +1,714 R +1.44% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 117,000 | -2,654 | +2,425 | -229 |
| ↳ SHORT#1 7d | 118,000 | +2,007 | -2,766 | -759 |
| ↳ SHORT#2 7d re-struck @d7 | 115,000 | +2,510 | -425 | +2,085 |
| = subtotal | +1,097 R +0.92% | |||
| 2025-07-25 SKIP (high IV) $115,234→$114,575→$116,576 | Call -0.12 Put +0.80 Comb +0.68% (not traded) | ||||
| 2025-08-01 SKIP (high IV) $114,575→$116,576→$118,867 | Call +0.81 Put +1.19 Comb +2.00% (not traded) | ||||
| 2025-08-08 $116,576→$118,867→$112,946 | Call -0.14 Put -1.47 Comb -1.61% Cum +63.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 118,000 | -2,580 | +0 | -2,580 |
| ↳ SHORT#1 7d | 117,000 | +2,012 | -1,867 | +145 |
| ↳ SHORT#2 7d re-struck @d7 | 119,000 | +2,273 | +0 | +2,273 |
| = subtotal | -162 R -0.14% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 115,000 | -2,617 | +2,054 | -563 |
| ↳ SHORT#1 7d | 116,000 | +1,974 | +0 | +1,974 |
| ↳ SHORT#2 7d re-struck @d7 | 118,000 | +1,931 | -5,054 | -3,122 |
| = subtotal | -1,711 R -1.47% | |||
| 2025-08-15 $118,867→$112,946→$109,565 | Call +1.36 Put +0.91 Comb +2.27% Cum +65.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 120,000 | -2,853 | +0 | -2,853 |
| ↳ SHORT#1 7d | 119,000 | +2,273 | +0 | +2,273 |
| ↳ SHORT#2 7d re-struck @d7 | 113,000 | +2,195 | +0 | +2,195 |
| = subtotal | +1,615 R +1.36% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 117,000 | -2,583 | +7,435 | +4,852 |
| ↳ SHORT#1 7d | 118,000 | +1,931 | -5,054 | -3,122 |
| ↳ SHORT#2 7d re-struck @d7 | 112,000 | +1,781 | -2,435 | -654 |
| = subtotal | +1,076 R +0.91% | |||
| 2025-08-22 SKIP (high IV) $112,946→$109,565→$112,589 | Call -1.03 Put -1.02 Comb -2.05% (not traded) | ||||
| 2025-08-29 SKIP (high IV) $109,565→$112,589→$115,011 | Call +0.88 Put +1.25 Comb +2.13% (not traded) | ||||
| 2025-09-05 $112,589→$115,011→$116,863 | Call +1.09 Put +1.45 Comb +2.54% Cum +68.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 114,000 | -2,512 | +2,863 | +351 |
| ↳ SHORT#1 7d | 113,000 | +2,019 | -2,011 | +8 |
| ↳ SHORT#2 7d re-struck @d7 | 116,000 | +1,734 | -863 | +871 |
| = subtotal | +1,230 R +1.09% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 111,000 | -2,524 | +0 | -2,524 |
| ↳ SHORT#1 7d | 112,000 | +1,935 | +0 | +1,935 |
| ↳ SHORT#2 7d re-struck @d7 | 115,000 | +2,220 | +0 | +2,220 |
| = subtotal | +1,631 R +1.45% | |||
| 2025-09-12 $115,011→$116,863→$109,514 | Call +0.62 Put -0.62 Comb -0.00% Cum +68.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 117,000 | -2,310 | +0 | -2,310 |
| ↳ SHORT#1 7d | 116,000 | +1,734 | -863 | +871 |
| ↳ SHORT#2 7d re-struck @d7 | 117,000 | +2,152 | +0 | +2,152 |
| = subtotal | +713 R +0.62% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 114,000 | -2,781 | +4,486 | +1,704 |
| ↳ SHORT#1 7d | 115,000 | +2,220 | +0 | +2,220 |
| ↳ SHORT#2 7d re-struck @d7 | 116,000 | +1,848 | -6,486 | -4,638 |
| = subtotal | -714 R -0.62% | |||
| 2025-09-19 $116,863→$109,514→$120,021 | Call -5.72 Put -4.47 Comb -10.20% Cum +58.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 118,000 | -2,762 | +2,021 | -741 |
| ↳ SHORT#1 7d | 117,000 | +2,152 | +0 | +2,152 |
| ↳ SHORT#2 7d re-struck @d7 | 110,000 | +1,925 | -10,021 | -8,096 |
| = subtotal | -6,685 R -5.72% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 115,000 | -2,500 | +0 | -2,500 |
| ↳ SHORT#1 7d | 116,000 | +1,848 | -6,486 | -4,638 |
| ↳ SHORT#2 7d re-struck @d7 | 109,000 | +1,909 | +0 | +1,909 |
| = subtotal | -5,229 R -4.47% | |||
| 2025-09-26 SKIP (high IV) $109,514→$120,021→$121,566 | Call +1.30 Put +1.64 Comb +2.94% (not traded) | ||||
| 2025-10-03 SKIP (high IV) $120,021→$121,566→$104,829 | Call +0.87 Put -0.40 Comb +0.47% (not traded) | ||||
| 2025-10-10 SKIP (high IV) $121,566→$104,829→$111,062 | Call -3.06 Put -4.32 Comb -7.38% (not traded) | ||||
| 2025-10-17 SKIP (high IV) $104,829→$111,062→$110,020 | Call -0.60 Put +0.80 Comb +0.20% (not traded) | ||||
| 2025-10-24 $111,062→$110,020→$101,462 | Call +1.31 Put +0.88 Comb +2.19% Cum +60.4 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 113,000 | -2,667 | +0 | -2,667 |
| ↳ SHORT#1 7d | 112,000 | +2,082 | +0 | +2,082 |
| ↳ SHORT#2 7d re-struck @d7 | 111,000 | +2,041 | +0 | +2,041 |
| = subtotal | +1,456 R +1.31% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 110,000 | -3,036 | +8,538 | +5,502 |
| ↳ SHORT#1 7d | 111,000 | +2,500 | -980 | +1,521 |
| ↳ SHORT#2 7d re-struck @d7 | 110,000 | +2,498 | -8,538 | -6,041 |
| = subtotal | +982 R +0.88% | |||
| 2025-10-31 SKIP (high IV) $110,020→$101,462→$97,329 | Call +1.62 Put +1.29 Comb +2.92% (not traded) | ||||
| 2025-11-07 $101,462→$97,329→$83,608 | Call +1.67 Put +1.28 Comb +2.96% Cum +63.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 103,000 | -2,861 | +0 | -2,861 |
| ↳ SHORT#1 7d | 102,000 | +2,363 | +0 | +2,363 |
| ↳ SHORT#2 7d re-struck @d7 | 98,000 | +2,197 | +0 | +2,197 |
| = subtotal | +1,699 R +1.67% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 100,000 | -2,958 | +16,392 | +13,434 |
| ↳ SHORT#1 7d | 101,000 | +2,486 | -3,671 | -1,185 |
| ↳ SHORT#2 7d re-struck @d7 | 97,000 | +2,442 | -13,392 | -10,950 |
| = subtotal | +1,299 R +1.28% | |||
| 2025-11-14 SKIP (high IV) $97,329→$83,608→$91,637 | Call -5.86 Put -7.34 Comb -13.20% (not traded) | ||||
| 2025-11-21 SKIP (high IV) $83,608→$91,637→$92,072 | Call +1.23 Put +1.89 Comb +3.13% (not traded) | ||||
| 2025-11-28 $91,637→$92,072→$92,304 | Call +1.60 Put +2.23 Comb +3.83% Cum +67.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 93,000 | -2,596 | +0 | -2,596 |
| ↳ SHORT#1 7d | 92,000 | +2,191 | -72 | +2,119 |
| ↳ SHORT#2 7d re-struck @d7 | 93,000 | +1,944 | +0 | +1,944 |
| = subtotal | +1,467 R +1.60% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 90,000 | -2,530 | +0 | -2,530 |
| ↳ SHORT#1 7d | 91,000 | +2,139 | +0 | +2,139 |
| ↳ SHORT#2 7d re-struck @d7 | 92,000 | +2,431 | +0 | +2,431 |
| = subtotal | +2,040 R +2.23% | |||
| 2025-12-05 $92,072→$92,304→$88,054 | Call +1.55 Put +0.63 Comb +2.18% Cum +69.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 94,000 | -2,286 | +0 | -2,286 |
| ↳ SHORT#1 7d | 93,000 | +1,944 | +0 | +1,944 |
| ↳ SHORT#2 7d re-struck @d7 | 93,000 | +1,766 | +0 | +1,766 |
| = subtotal | +1,424 R +1.55% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 91,000 | -2,802 | +2,946 | +145 |
| ↳ SHORT#1 7d | 92,000 | +2,431 | +0 | +2,431 |
| ↳ SHORT#2 7d re-struck @d7 | 92,000 | +1,953 | -3,946 | -1,993 |
| = subtotal | +583 R +0.63% | |||
| 2025-12-12 $92,304→$88,054→$88,699 | Call +1.54 Put +0.29 Comb +1.83% Cum +71.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 94,000 | -2,183 | +0 | -2,183 |
| ↳ SHORT#1 7d | 93,000 | +1,766 | +0 | +1,766 |
| ↳ SHORT#2 7d re-struck @d7 | 89,000 | +1,834 | +0 | +1,834 |
| = subtotal | +1,417 R +1.54% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 91,000 | -2,370 | +2,301 | -69 |
| ↳ SHORT#1 7d | 92,000 | +1,953 | -3,946 | -1,993 |
| ↳ SHORT#2 7d re-struck @d7 | 88,000 | +2,333 | +0 | +2,333 |
| = subtotal | +271 R +0.29% | |||
| 2025-12-19 SKIP (high IV) $88,054→$88,699→$89,139 | Call +1.60 Put +1.54 Comb +3.14% (not traded) | ||||
| 2025-12-26 $88,699→$89,139→$89,994 | Call +1.26 Put +1.76 Comb +3.02% Cum +74.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 90,000 | -2,230 | +0 | -2,230 |
| ↳ SHORT#1 7d | 89,000 | +1,862 | -139 | +1,723 |
| ↳ SHORT#2 7d re-struck @d7 | 90,000 | +1,625 | +0 | +1,625 |
| = subtotal | +1,118 R +1.26% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 87,000 | -2,084 | +0 | -2,084 |
| ↳ SHORT#1 7d | 88,000 | +1,687 | +0 | +1,687 |
| ↳ SHORT#2 7d re-struck @d7 | 89,000 | +1,962 | +0 | +1,962 |
| = subtotal | +1,565 R +1.76% | |||
| 2026 | ||||
| 2026-01-02 SKIP (high IV) $89,139→$89,994→$95,629 | Call +0.74 Put +1.43 Comb +2.17% (not traded) | ||||
| 2026-01-09 $89,994→$95,629→$89,166 | Call -4.76 Put -5.16 Comb -9.92% Cum +64.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 91,000 | -2,395 | +0 | -2,395 |
| ↳ SHORT#1 7d | 90,000 | +2,030 | -5,629 | -3,599 |
| ↳ SHORT#2 7d re-struck @d7 | 96,000 | +1,705 | +0 | +1,705 |
| = subtotal | -4,289 R -4.77% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 88,000 | -2,042 | +0 | -2,042 |
| ↳ SHORT#1 7d | 89,000 | +1,651 | +0 | +1,651 |
| ↳ SHORT#2 7d re-struck @d7 | 95,000 | +1,585 | -5,834 | -4,249 |
| = subtotal | -4,640 R -5.16% | |||
| 2026-01-16 $95,629→$89,166→$82,624 | Call +1.06 Put +0.42 Comb +1.49% Cum +65.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 97,000 | -2,063 | +0 | -2,063 |
| ↳ SHORT#1 7d | 96,000 | +1,705 | +0 | +1,705 |
| ↳ SHORT#2 7d re-struck @d7 | 90,000 | +1,377 | +0 | +1,377 |
| = subtotal | +1,019 R +1.07% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 94,000 | -2,024 | +11,376 | +9,353 |
| ↳ SHORT#1 7d | 95,000 | +1,585 | -5,834 | -4,249 |
| ↳ SHORT#2 7d re-struck @d7 | 89,000 | +1,675 | -6,376 | -4,701 |
| = subtotal | +403 R +0.42% | |||
| 2026-01-23 $89,166→$82,624→$64,860 | Call +1.53 Put +0.94 Comb +2.48% · Mid +2.90 · Exec +2.46 Cum +68.2 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 91,000 | -1,698 | +0 | -1,698 |
| ↳ SHORT#1 7d | 90,000 | +1,377 | +0 | +1,377 |
| ↳ SHORT#2 7d re-struck @d7 | 83,000 | +1,690 | +0 | +1,690 |
| = subtotal | +1,369 R +1.54% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 88,000 | -2,040 | +23,140 | +21,100 |
| ↳ SHORT#1 7d | 89,000 | +1,675 | -6,376 | -4,701 |
| ↳ SHORT#2 7d re-struck @d7 | 82,000 | +1,584 | -17,140 | -15,556 |
| = subtotal | +843 R +0.95% | |||
| 2026-01-30 SKIP (high IV) $82,624→$64,860→$66,670 | Call +0.52 Put -0.62 Comb -0.10% · Mid +0.31 · Exec -0.56 (not traded) | ||||
| 2026-02-06 SKIP (high IV) $64,860→$66,670→$67,852 | Call +0.70 Put +2.18 Comb +2.88% · Mid +3.19 · Exec +1.82 (not traded) | ||||
| 2026-02-13 $66,670→$67,852→$67,900 | Call +1.09 Put +1.81 Comb +2.90% · Mid +2.67 · Exec +2.15 Cum +71.1 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 68,000 | -2,029 | +0 | -2,029 |
| ↳ SHORT#1 7d | 67,000 | +1,746 | -852 | +894 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,864 | +0 | +1,864 |
| = subtotal | +729 R +1.09% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 65,000 | -1,939 | +0 | -1,939 |
| ↳ SHORT#1 7d | 66,000 | +1,596 | +0 | +1,596 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,548 | +0 | +1,548 |
| = subtotal | +1,205 R +1.81% | |||
| 2026-02-20 $67,852→$67,900→$70,756 | Call +0.89 Put +1.72 Comb +2.61% · Mid +2.25 · Exec +1.46 Cum +73.7 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,148 | +1,756 | -393 |
| ↳ SHORT#1 7d | 68,000 | +1,864 | +0 | +1,864 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,888 | -2,756 | -867 |
| = subtotal | +604 R +0.89% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -1,910 | +0 | -1,910 |
| ↳ SHORT#1 7d | 67,000 | +1,548 | +0 | +1,548 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,529 | +0 | +1,529 |
| = subtotal | +1,167 R +1.72% | |||
| 2026-02-27 $67,900→$70,756→$71,795 | Call +1.27 Put +1.93 Comb +3.20% · Mid +3.60 · Exec +2.99 Cum +76.9 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,170 | +2,795 | +625 |
| ↳ SHORT#1 7d | 68,000 | +1,888 | -2,756 | -867 |
| ↳ SHORT#2 7d re-struck @d7 | 71,000 | +1,901 | -795 | +1,106 |
| = subtotal | +864 R +1.27% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -1,892 | +0 | -1,892 |
| ↳ SHORT#1 7d | 67,000 | +1,529 | +0 | +1,529 |
| ↳ SHORT#2 7d re-struck @d7 | 70,000 | +1,674 | +0 | +1,674 |
| = subtotal | +1,311 R +1.93% | |||
| 2026-03-06 $70,756→$71,795→$71,011 | Call +1.18 Put +1.83 Comb +3.01% · Mid +3.01 · Exec +2.68 Cum +79.9 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 72,000 | -2,221 | +0 | -2,221 |
| ↳ SHORT#1 7d | 71,000 | +1,901 | -795 | +1,106 |
| ↳ SHORT#2 7d re-struck @d7 | 72,000 | +1,950 | +0 | +1,950 |
| = subtotal | +835 R +1.18% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 69,000 | -2,065 | +0 | -2,065 |
| ↳ SHORT#1 7d | 70,000 | +1,674 | +0 | +1,674 |
| ↳ SHORT#2 7d re-struck @d7 | 71,000 | +1,685 | +0 | +1,685 |
| = subtotal | +1,294 R +1.83% | |||
| 2026-03-13 $71,795→$71,011→$67,874 | Call +1.70 Put +0.93 Comb +2.62% · Mid +2.44 · Exec +2.09 Cum +82.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 73,000 | -2,277 | +0 | -2,277 |
| ↳ SHORT#1 7d | 72,000 | +1,950 | +0 | +1,950 |
| ↳ SHORT#2 7d re-struck @d7 | 72,000 | +1,545 | +0 | +1,545 |
| = subtotal | +1,218 R +1.70% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 70,000 | -2,089 | +2,126 | +37 |
| ↳ SHORT#1 7d | 71,000 | +1,685 | +0 | +1,685 |
| ↳ SHORT#2 7d re-struck @d7 | 71,000 | +2,068 | -3,126 | -1,058 |
| = subtotal | +664 R +0.92% | |||
| 2026-03-20 $71,011→$67,874→$66,941 | Call +2.11 Put +1.58 Comb +3.69% · Mid +4.05 · Exec +3.74 Cum +86.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 73,000 | -1,922 | +0 | -1,922 |
| ↳ SHORT#1 7d | 72,000 | +1,545 | +0 | +1,545 |
| ↳ SHORT#2 7d re-struck @d7 | 68,000 | +1,875 | +0 | +1,875 |
| = subtotal | +1,498 R +2.11% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 70,000 | -2,361 | +3,059 | +697 |
| ↳ SHORT#1 7d | 71,000 | +2,068 | -3,126 | -1,058 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,539 | -59 | +1,481 |
| = subtotal | +1,120 R +1.58% | |||
| 2026-03-27 $67,874→$66,941→$71,581 | Call -0.86 Put +1.39 Comb +0.53% · Mid +0.17 · Exec -0.30 Cum +86.8 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 69,000 | -2,158 | +2,581 | +423 |
| ↳ SHORT#1 7d | 68,000 | +1,875 | +0 | +1,875 |
| ↳ SHORT#2 7d re-struck @d7 | 67,000 | +1,698 | -4,581 | -2,883 |
| = subtotal | -585 R -0.86% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 66,000 | -1,902 | +0 | -1,902 |
| ↳ SHORT#1 7d | 67,000 | +1,539 | -59 | +1,481 |
| ↳ SHORT#2 7d re-struck @d7 | 66,000 | +1,366 | +0 | +1,366 |
| = subtotal | +945 R +1.39% | |||
| 2026-04-03 $66,941→$71,581→$75,739 | Call +1.00 Put +1.72 Comb +2.72% · Mid +2.10 · Exec +1.68 Cum +89.5 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 68,000 | -1,870 | +7,739 | +5,869 |
| ↳ SHORT#1 7d | 67,000 | +1,698 | -4,581 | -2,883 |
| ↳ SHORT#2 7d re-struck @d7 | 72,000 | +1,423 | -3,739 | -2,317 |
| = subtotal | +669 R +1.00% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 65,000 | -1,570 | +0 | -1,570 |
| ↳ SHORT#1 7d | 66,000 | +1,366 | +0 | +1,366 |
| ↳ SHORT#2 7d re-struck @d7 | 71,000 | +1,354 | +0 | +1,354 |
| = subtotal | +1,150 R +1.72% | |||
| 2026-04-10 $71,581→$75,739→$77,746 | Call +0.86 Put +1.54 Comb +2.41% · Mid +2.20 · Exec +1.75 Cum +91.9 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 73,000 | -1,652 | +4,746 | +3,094 |
| ↳ SHORT#1 7d | 72,000 | +1,423 | -3,739 | -2,317 |
| ↳ SHORT#2 7d re-struck @d7 | 76,000 | +1,588 | -1,746 | -158 |
| = subtotal | +619 R +0.86% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 70,000 | -1,626 | +0 | -1,626 |
| ↳ SHORT#1 7d | 71,000 | +1,354 | +0 | +1,354 |
| ↳ SHORT#2 7d re-struck @d7 | 75,000 | +1,377 | +0 | +1,377 |
| = subtotal | +1,105 R +1.54% | |||
| 2026-04-17 $75,739→$77,746→$77,326 | Call -0.05 Put +1.46 Comb +1.40% · Mid +1.24 · Exec +0.57 Cum +93.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 77,000 | -1,843 | +326 | -1,518 |
| ↳ SHORT#1 7d | 76,000 | +1,588 | -1,746 | -158 |
| ↳ SHORT#2 7d re-struck @d7 | 78,000 | +1,636 | +0 | +1,636 |
| = subtotal | -40 R -0.05% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 74,000 | -1,693 | +0 | -1,693 |
| ↳ SHORT#1 7d | 75,000 | +1,377 | +0 | +1,377 |
| ↳ SHORT#2 7d re-struck @d7 | 77,000 | +1,419 | +0 | +1,419 |
| = subtotal | +1,103 R +1.46% | |||
| 2026-04-24 $77,746→$77,326→$79,850 | Call -0.07 Put +1.33 Comb +1.25% · Mid +1.26 · Exec +0.44 Cum +94.6 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 79,000 | -1,908 | +850 | -1,058 |
| ↳ SHORT#1 7d | 78,000 | +1,636 | +0 | +1,636 |
| ↳ SHORT#2 7d re-struck @d7 | 78,000 | +1,214 | -1,850 | -636 |
| = subtotal | -58 R -0.07% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 76,000 | -1,754 | +0 | -1,754 |
| ↳ SHORT#1 7d | 77,000 | +1,419 | +0 | +1,419 |
| ↳ SHORT#2 7d re-struck @d7 | 77,000 | +1,366 | +0 | +1,366 |
| = subtotal | +1,031 R +1.33% | |||
| 2026-05-01 $77,326→$79,850→$80,614 | Call +0.54 Put +1.21 Comb +1.75% · Mid +1.47 · Exec +0.80 Cum +96.3 | ||||
| CALL (base) | ||||
| ↳ LONG 14d | 79,000 | -1,441 | +1,614 | +173 |
| ↳ SHORT#1 7d | 78,000 | +1,214 | -1,850 | -636 |
| ↳ SHORT#2 7d re-struck @d7 | 80,000 | +1,498 | -614 | +884 |
| = subtotal | +421 R +0.54% | |||
| PUT (base) | ||||
| ↳ LONG 14d | 76,000 | -1,633 | +0 | -1,633 |
| ↳ SHORT#1 7d | 77,000 | +1,366 | +0 | +1,366 |
| ↳ SHORT#2 7d re-struck @d7 | 79,000 | +1,203 | +0 | +1,203 |
| = subtotal | +936 R +1.21% | |||
Source:
run_cal2w_final.py / run_cal2w_managed.py.
Combined = Call + Put. R = % of notional. M2 bias-corrected (2024+); Tardis real marks + orderbook
bid/ask (2026). Settlement at expiry is cash (intrinsic, no spread). Re-strike bugfix applied.