Options Trading Journey: $6K to $100K - Week 3

Week 3 Performance Overview

• Current Account Balance: $5,591
• Market Conditions: Challenging week with broader market pullback

My Week 3 Trades

This week presented some interesting opportunities amid market volatility. I made two strategic moves:

Buying the Bitcoin Dip via $MSTX

I increased my position in $MSTX during this week's crypto pullback. Why? I'm seeing some compelling developments:

• States like Utah and Arizona are leading initiatives to establish the first state Bitcoin reserves
• The current administration has signaled a more favorable stance toward Bitcoin and digital assets
• The White House's recent discussions about a strategic crypto reserve suggest we're still early in this adoption cycle

While crypto markets can be volatile, I believe we're witnessing the early stages of institutional adoption, making this dip a potential opportunity rather than a reason for concern.

$NBIS Position Management

I rolled my $NBIS cash secured puts out another week as the market reacted to tariff announcements and general uncertainty. Despite the short-term volatility, my conviction on NBIS remains strong for several reasons:

• Their strategic position in the AI/data center sector
• Nvidia's CEO Jensen Huang recently highlighted that "Physical AI" will be the next wave, with tremendous demand for next-gen Blackwell chips
• As AI usage evolves and expands, companies like NBIS are positioned to benefit from this growth trajectory

Trade Details:

• Roll Transaction:
  • Buy to Close: NBIS 02/28/2025 $39 Put for -$422.51
  • Sell to Open: NBIS 03/07/2025 $39 Put for +$506.48
  • Net Credit: $83.97

This roll allows me to collect additional premium while maintaining my position in a company I'm bullish on long-term, even amid short-term market turbulence.

What I'm Holding Now

As of March 2, 2025, here's my current portfolio:

• Increased position in $MSTX (64 shares | average cost: $35.96)
• 6 shares of $AMD (average cost: $112.77)
• 115 shares of $EVGO (average cost: $3.47)
• 1 NBIS $39 CSP expiring 03/07/2025

My Next Moves

My strategy for the coming weeks focuses on several key positions and market developments:

• Crypto Developments: Closely monitoring state-level initiatives for crypto reserve bills, particularly in Utah and Arizona, which could significantly impact my $MSTX position
• $AMD Swing Trade: Looking for reversal signals from the current downtrend, with a plan to capitalize on price movement around my $112 average position
• $EVGO Strategy: Continuing my covered calls strategy while awaiting the spring update on EV infrastructure funding. The Department of Transportation is expected to release new guidance and policy updates (Source), which could serve as a significant catalyst

I'm maintaining my strategic approach despite market volatility. For the coming week, I'll be:

• Monitoring my NBIS position for potential assignment or another roll
• Looking for additional opportunities to add to my MSTX position if we see further weakness
• Continuing to use our options scanner to identify high-probability setups in this changing market environment