Lessons

pos_20260826_SPY_bull_put_spread_ebf0dcde

SPY bull_put_spread, closed external, P&L unknown (not self-resolved). Credit assignment: not scored (D-018 #9: not self-resolved, or P&L unavailable).

SPY ~766.5, near highs with low IV (12-15%) and a quiet, mildly upward two-day drift. Short 755 put is ~1.5% OTM (~20 delta) with 7 DTE, so theta plus the OTM buffer carries the trade. Thesis is invalidated if SPY breaks below ~755 (short strike) before 2026-09-02.

pos_20260827_NVDA_bull_call_spread_01a75fab

NVDA bull_call_spread, closed external, P&L unknown (not self-resolved). Credit assignment: not scored (D-018 #9: not self-resolved, or P&L unavailable).

NVDA reported a blowout Q2 last night and re-rated +7.3% to ~225.8 with broad sell-side PT raises ($300/$330/$400); the event binary is now behind it and semi/QQQ ETF inflows are running. I expect the gap to hold and drift modestly higher (+1.5%) into 2026-09-03, finishing 220-245. Invalidated if NV