Huge shoutout to Julie and Tony — this call was packed with real wins and super actionable strategy. 🚀 Big Wins from the Call Julie - Placed her first real-money bull put spreads on AAPL and TSLA (Congrats @Julie McCoy!) - Used her spreadsheet to compare return on risk, adjust long strikes, and size positions smartly - Picked Apple for stability and Tesla for volatility and opportunity Tony - Ran multiple cash-secured puts on NVIDIA (Congrats @Tony Li!) - Already hit ~30%+ annualized returns - Dialed in the framework: 30–45 DTE, ~20–25 delta, tight spreads, 50% take-profit Please share these wins in the community so we can all celebrate them 🙌 🧠 Key Concepts We Covered Bull Put Spreads & CSPs How to filter out low-quality trades, why high-quality names matter, and how to build an options income layer on top of stocks you already believe in. Macro Tailwinds & Timing We talked about market strength into December, regaining moving averages, and how to wait for the right pitch instead of forcing trades. Narrative & “Forever Companies ”Narratives flip fast, but companies that consistently execute (AAPL, NVDA, TSLA) tend to win over time. We discussed pairing long-term holdings with options income for a powerful two-engine strategy. Avoiding Over-Diversification: It’s often better to focus on a few A+ names you understand well rather than scattering across 10–15 tickers. 📊 Technical Analysis: Moving Averages We added 20, 50, 100, and 200-day simple moving averages in Thinkorswim. Use them to: - Gauge market strength - Decide when to throttle risk - Find better strike placement - Identify support and resistance Broad market (QQQ, SPY) + individual names (NVDA, AAPL, TSLA) all follow these rules. ⏳ Theta: “Selling Time” Tony put it perfectly: We are selling time.Even on weekends and holidays, time decay works in your favor.This is a strategy you can run without staring at the screen all day.

VIEW RECORDING - 76 mins Huge thank you to Danni and Julie for an amazing call today. This one was such a perfect example of how we can go from totally passive to active cashflow in a really intentional way. On this call we walked through: 🔹 The River of Wealth 6-Step Investing Journey - 🏞 Stream – Truly set-and-forget investing (index funds + robo-advisors like Wealthfront/Betterment). - 🌊 River – Core ETF holdings + a handful of individual stocks. - ⚡️ Rapids – Options as a cashflow engine once your foundation is solid. 🔹 How to think about: - Core holdings (VOO, QQQ, etc.) - Optional add-ons (tilts + a few favorite names) - Growth engine (income strategies like cash-secured puts and bull put spreads) 🔹 Turning a monthly cashflow goal into a planWe used Danni’s goal of $2K–$5K/month as a live example and talked about: - Why a realistic target for options is 1–3% per month - What kind of portfolio size and structure can get you there over time - Why we still build on top of solid core holdings instead of “all rapids, all the time” 🔹 Live options + Thinkorswim walkthroughWith Julie’s help we walked through: - A bull put spread built step-by-step (including how we sized it to target ~$2K profit) - Why we close at 50% profit instead of waiting until expiration - How to place and close a vertical spread quickly in Thinkorswim - Key columns like P/L Open, P/L Day, Buying Power Effect, Delta, Theta, Net Liq, and what they actually mean in practice I love how much real progress you’re all making – especially seeing people move from paper trading → confidence → eventually, real-money positions with clear rules and risk management. If you were on the call (or watching the replay), drop this in the comments: 1. Are you currently mostly in the Stream, River, or Rapids? 2. What’s your monthly cashflow goal from options over the next 12 months? 3. What’s one concrete action you’ll take this week?

Huge shoutout to everyone who joined today and for the great questions and reflections. This was basically a masterclass in thinking like a professional options trader while still designing a life you actually want to live. Here is the full recording: VIEW RECORDING - 61 mins Here’s a quick recap + some action steps. 1️⃣ ChatGPT as Your Co-Pilot (Not Your Pilot) We started by talking about how Julie’s been using ChatGPT: - ✅ Great for brainstorming strategies, asking “what am I missing?” and turning dense textbook concepts into plain English. - ❌ Not great at real-time data or math – always double-check numbers, deltas, and risk with your broker’s platform. Key idea: Use ChatGPT to accelerate your understanding, not to outsource your thinking. 2️⃣ Bull Put Spreads vs Cash-Secured Puts We dug into why bull put spreads can be so attractive, especially if you’re not on margin yet. Cash-Secured Puts (CSPs): - Tie up a lot of capital (full notional of 100 shares per contract). - Unlimited downside until zero on the stock. - Simple, clean, great if: Bull Put Spreads: - Sell a put (e.g. 20 delta), buy a lower strike put (e.g. 10 delta). - Pros: - Cons / Fine print: 👉 Rule of thumb:If you’re trading in a smaller account without margin, bull put spreads can be a powerful way to get started and keep risk defined — as long as you stick to very liquid options. 3️⃣ Backtesting with Tastytrade – What We Learned We did a live demo using Tastytrade’s backtester: - Tested 30–45 DTE, ~20 delta CSPs on NVDA over ~12 months. - Compared: Takeaways: - On NVDA, the options strategy significantly outperformed simple buy-and-hold in that period, with a lower max drawdown. - On SPY with the same rules: - Bull put spreads on NVDA: Key idea:Backtesting helps you see how a strategy actually behaved through real volatility, instead of just trusting vibes or isolated trades. 4️⃣ Designing a Trading Life You Actually Want

Big thank you to Tony and Julie for an awesome, super interactive call. If you missed it (or want to rewatch), here’s the recording: 👉 Replay (70 mins, no highlights): VIEW RECORDING - 70 mins 🔍 What we covered 1. Tony’s story & goals - From penny stocks + pain → decades of “set it and forget it” index funds - Now using a portion of his capital for cash-secured puts (CSPs) and the wheel strategy - Goal: build consistent, conservative income without turning this into a full-time job 2. Cash-Secured Puts on NVIDIA (the core framework) - Using 30–45 DTE, ~20 delta puts - Only on stocks you’d be happy to own long term - Why 50% profit targets make sense (first 50% of premium comes fast, last 50% is slow + risky) 3. When to enter a trade (NVDA example) - Using moving averages + Bollinger Bands in Thinkorswim to spot support zones - Combining technical support (50-day / 100-day MAs) with - Fundamentals (forward PE based on next 12 months of earnings in Schwab) 4. Theta decay & “when does the magic happen?” - Most of the theta decay happens in the last ~30 days - Shorter-dated options = faster time decay - Why that supports the 30–45 day window and 50% profit-taking rule 5. Mindset: opposite of gambling - We’re not here to “YOLO” — we’re building a system - Think like Buffett: “Be fearful when others are greedy and greedy when others are fearful.” - Use volatility and market drops as opportunity, not panic - Keep cash and a long-term thesis so you can act when others are scared Here are clickable links to each part of the video: - CSP Strategy: Sell Cash-Secured Puts (CSPs) on stocks you want to own at a discount. The 30–45 DTE window captures accelerated Theta decay, while the 50% profit target allows for multiple trades ("bites at the apple") on the same stock. The first 50% of profit typically occurs much faster than the remaining 50%. - Trade Entry: Combine technical analysis (moving averages, Bollinger Bands) to identify support levels with fundamental analysis (forward P/E) to confirm the target entry price is a good value. This dual approach helps determine when to enter a trade. - Risk Management: Manually track cash reserves in paper accounts to simulate real-world capital constraints. Avoid using margin until the core strategy is mastered, as it is considered an advanced technique. - Trading Psychology: Adopt a long-term mindset to avoid panic during downturns. Maintain a cash reserve to buy when others are fearful, following Warren Buffett's principle of being "greedy when others are fearful and fearful when others are greedy."

Hey everyone, I’m really looking forward to our community call, unfortunately my 4 year old daughter has the flu and I need to take her to the doctor today so we’ll have to reschedule. We’ll move our call to this Friday at the same time — 11am Pacific / 2pm Eastern. Thanks so much for your understanding ✌️ Jeff