10/3/25 Recap

The SPY is up again, its nauseating saying the same thing everyday because there is really nothing else to say, you see my book I’m max long, we pretty much just gap up and do nothing everyday, truly one of the most boring markets I’ve ever been involved with. It’s fun since we’re all long and making money everyday, but it would be nice if we had some actual action once in a while like if stocks moved down once every 2 weeks or something. This is like watching paint dry on a daily basis but that’s why I’m short a whole metric ton of puts because this is what I’ve been thinking would happen, just a slow market grinding higher with the President there to pump us on every dip unlike Biden. I remain nearly maxed out on margin till that 21 ema breaks.

How many of you caught that USAR trade I highlighted in yesterday’s recap? When I wrote it up you can see it was barely over $21 and it is sitting at $27.45 right now after who knows what news came out. I think these call buyers just happened to get lucky loading up on this 1 day before whatever big news sent it up 30% right? It’s just the way the game goes, I wish I had more guts to size up junk like this but the way I think about it, these names can fall 50% on nothing and I just try to stick to higher quality names in my book but congratulations if you played this one.

My Open Book

Trades I Made Today