Monthly Trade Reviews

In last month's review, we looked at how the system handled a challenging position in USO, which required a series of defensive rolls. That campaign, along with another in GLD, remains an open "strategic workout" on our books. This month, we saw the full lifecycle of this process in action: while some campaigns required patience, others that were challenged earlier were successfully managed to a profitable conclusion. July was another productive month for the portfolio. It served as a perfect illustration of our "claims management" process, demonstrating not just how we handle difficult positions, but how we successfully resolve them....

When people hear the phrase option selling, they usually picture a simple, one-dimensional strategy: sell a put, collect the premium, and repeat. While that’s the start, it’s not the whole story. The real engine of my portfolio isn’t in placing single trades; it’s in managing campaigns. A trade that goes against you is the moment the real work begins. My approach isn't just about collecting one-time payments. It's a systematic process of managing a position, using defensive rolls to collect more credits and methodically lower my breakeven point. The goal is to continue this process until the campaign becomes profitable....