This past week focused on active trade management and capital rotation, continuing the disciplined approach of taking profits early and redeploying capital into new opportunities.
Trade Updates
AFRM – Closing Position
- 03/12/26 – Buy to Close AFRM $44 Put (03/20) @ $0.44
- Closed the position to lock in gains and reduce exposure.
Capital Reserve Update: $15,250
MRNA – New Entry
- 03/17/26 – Sell MRNA $49 Put (04/02) @ $1.05
- Entered for solid premium with a strike at a level I’m comfortable owning.
Capital Reserve Update: $10,350
FCX – First Entry
- 03/18/26 – Sell FCX $53 Put (03/27) @ $0.90
- Short-dated trade capturing quick premium.
Capital Reserve Update: $5,050
FCX – Early Exit
- 03/24/26 – Buy to Close FCX $53 Put (03/27) @ $0.39
- Closed early to capture the majority of profit and reduce risk.
Capital Reserve Update: $10,350
FCX – Re-entry
- 03/24/26 – Sell FCX $52 Put (04/10) @ $1.28
- Rolled into a new position with lower strike and extended duration.
Capital Reserve Update: $5,150
Key Takeaways
- Active management is paying off — closing winners early continues to free up capital.
- Capital efficiency matters — each exit immediately creates the next opportunity.
- Rolling trades (like FCX) helps maintain exposure while improving strike positioning.