u/NumerousFloor9264

Small breather taking place over the last week. The torrid pace couldn't last, but this is hardly a 'dip'. Inflation, middle east, new Fed chair, Starship, SpaceX prospectus, NVDA earnings. Exciting week ahead, as usual.

Current Value of TQQQ War Chest: $6.68m. That compares with $2.79m 2025, $1.75m 2024 and $358k 2023.    

TQQQ shares - 72,460 shares, market value $5.53m, book value $1.99m. Will buy around $9k per week moving forward (up from historical $7-8k), until QQQ drops below 50d SMA.

TQQQ long (protective) puts - 723 contracts at $60 strike, Jan 17/27 exp. Will roll to $65 puts if TQQQ touches the $80s.     

Cash Hoard: Rebuilding. Currently $670k or so. 

QQQ short puts - Opened just 25 contracts, $650 strike, May 29/26 exp. Will open more if/when TQQQ falls.

TQQQ CCs - These are still deep ITM. See below. Staying patient.

Total P/L on options (QQQ short puts + TQQQ CCs - TQQQ long puts): Currently around $330k. TQQQ long puts book value $680k, so I’m in a deficit of around $350k.  Going to be hard to chip away at this deficit since I’m selling only a tiny amount of short QQQ puts and my CCs are completely fucked.

Skeletons in TQQQ closet: Due to mismanagement, I am trapped with previously sold TQQQ CCs.  Currently short Jan/27 exp calls with strikes at $50 (200 contracts), $60 (80 contracts), $65 (120 contracts) and May 29/26 exp with strike $57 exp (320 contracts).  For the latter, will roll this Friday or next Monday, hopefully up in strike. Yes, these CCs cap my TQQQ upside so if I were to walk away right now, I'd have to buy them all back at a huge loss. No plans to walk though. Staying patient.

TL;DR - have been running a TQQQ dynamic collar plus EDCA plus cash hedge since Feb/23:

Cumulative running CAGR (XIRR method) of my TQQQ investment since Feb/23: 74.9%

Verticality.  Unprecedented blistering gains.  23 of the last 29 trading days green.  Gain posts littering the TQQQ sub.  9sig 100% rule very close to kicking in.  Anyone saying they ‘expected this’ is a straight up liar.

Current Value of TQQQ War Chest: An astonishing $6.78m. That compares with $2.71m 2025, $1.65m 2024 and $281k 2023.   

TQQQ shares - Tiny accumulation this week because jfc come on.  Current market value of TQQQ shares $5.52m.

TQQQ long (protective) puts - Rolled my puts up to $55 and then $60 strike on Friday, 722 contracts, Jan/27 exp.  The $60 strikes should lock in my War Chest to a floor of close to $5m no matter what happens.  Will roll to $65 puts if we touch the $80s.     

Cash Hoard: Has fallen precipitously as I pour $ into my long TQQQ puts.  That is fine with me.  Currently $660k or so.  I recently took a gamble and martingaled around $120k into RKLB options prior to earnings.  Sold enough to cover my initial investment and now sitting on $400k+ profits.  Will add some of that to my cash hoard.  Was risky but just profits now. Will probably sell to close after Starship 12 launch and SpaceX ipo hype train builds. I will look to roll my long TQQQ puts to Jan/28 exp in June sometime, so further cash hoard beatings lie ahead.  

QQQ short puts - On Friday, I couldn’t bring myself to roll these given the TQQQ insane rally.  Closed them all out.  QQQ short put all-time profits at $772k.  If we get a pullback, I’ll open some new contracts but just couldn’t pull the trigger last Friday.

TQQQ CCs - Whew, lad.  These have blown up in my face. Not time to panic at this point, but damn they are deep ITM.  So much for my RSI strategy.  If TQQQ gets over $100, my confidence that I’ll be able to escape my CC prison will diminish significantly.  Still, as long as I’m rolling up my long TQQQ puts (which I am), then idgaf, I’ll just stay patient.  Getting pretty good at it now.  

Total P/L on options (QQQ short puts + TQQQ CCs - TQQQ long puts): Currently around $327k.  Big drop because of all the TQQQ long put rolling I’ve done. TQQQ long puts book value $680k, so I’m in a deficit of around $353k.  Going to be hard to chip away at this deficit since I’ve not sold any short QQQ puts and my CCs are completely fucked, but we will see.

Skeletons in TQQQ closet: Due to mismanagement, I am badly trapped with previously sold CCs.  Currently short Jan/27 exp calls with strikes at $50 (200 contracts), $60 (80 contracts), $65 (120 contracts) and May 15/26 calls with strike $57 exp (320 contracts).  Will roll the $57 strike out to June 12/26 exp sometime today and stay patient.  

TL;DR - have been running a TQQQ dynamic collar plus EDCA plus cash hedge since Feb/23:

Cumulative running CAGR (XIRR method) of my TQQQ investment since Feb/23: 85.7%

What an absolute historic month we just closed out. Congratulations to all those on the TQQQ train. Heck, the merriment has been so intense, let's give some good tidings to the bears as well 😂😂

Current Value of TQQQ War Chest: $6.16m.  It took 7 months for the WC to climb from 4m to 5m, and only 3 weeks to go from 5m to 6m. Utterly insane pace. It can't last, but what a ride thus far.

TQQQ shares - Now that QQQ is above 200d, buying $8-9k/weekly.  Current market value of TQQQ shares $4.73m

TQQQ long (protective) puts - Currently holding 722 contracts, $50 strike, Jan/27 exp.  Will look for a $55 strike if TQQQ somehow creeps into the $70s.      

Cash Hoard: Currently 915k. Will take a beating if/when I roll long TQQQ puts up to $55 strike or roll the exp out to Jan/28 in June sometime, so cash hoard beatings lie ahead.  

QQQ short puts - Rolled strikes up again to keep pace with the blistering QQQ rally.  50 contracts at $600 and 100 contracts at $570. Will aggressively defend whenever strikes are tested. 

TQQQ CCs - At 3 DTE, I rolled 320 contracts of ITM $56 strikes up a whole dollar 😂 to $57 strike, 17 DTE. Will roll again at 3 DTE. Staying patient.   

Total P/L on options (QQQ short puts + TQQQ CCs - TQQQ long puts): Currently around $454k.  Long put book value approx $557k.  So chipping away at the deficit of 103k.

HOW WILL I MANAGE MY ITM TQQQ CCs?

I will stay patient. Since I began in Feb/23, TQQQ has dropped >25% at least 6 separate times. My lowest CC strike is $50. $50/0.75 is approx $67. Even if TQQQ gets into the $80s on this crazy run, possibly fueled by SpaceX ipo hype, odds are still in my favor that I will be able to close the CCs out for pennies. Just need to stay patient. My long TQQQ puts are where the true value lies, so my focus is on that.

TL;DR - have been running a TQQQ dynamic collar plus EDCA plus cash hedge since Feb/23:

Cumulative running CAGR (XIRR method) of my TQQQ investment since Feb/23: 69.4%