NVIDIA Corp (Ticker: NVDA) took center stage this week and by most accounts it did not disappoint on earnings. As I’ve been chirping about on various shows, I think that AI will remain the most important theme for investors over the next few years. And NVDA is the dominant player, the chief picks and shovels seller in the space.   Picks and shovels refers to the mid-1800s California gold rush where the real and consistent winner was the seller of important items to those dreaming of gold. The pans, the overalls, the blankets and tents….. Did all those people find gold? Not even remotely. But the store selling them supplies sure did well. NVDA is that store. And this rush is not letting up for years. $26.14 Billion in free cash flow – music to my ears. Q2 revenue guidance was slightly below consensus due to China export constraints but strong nonetheless.   New UAE and Saudi GPU demand is what investors love to hear. Gross margins, which everyone was worried about, are still healthy.   Margins may come down a little, but folks are missing the point.  The pie is getting massive and NVDA will be feasting on it for years. I believe that AI is in the midst of a significant pivot into inference and what I would think is much greater AI monetization across the economy.   The good news for NVDA is that it is the poster child for both training and inference (having AI actually generate insight, leading to productivity gains and efficiency).   The market didn’t soar today for three reasons.  1) it has had a good run and stocks aren't cheap. 2)despite NVDA numbers being good, a 50% rally off the lows may need some digestion. 3)a court block and unblock of Trump’s tariffs poses a problem... as follows:   The Big Beautiful Bill – the spending that republicans are trying to push through, needs money from somewhere.  Tariffs were it.  The silver lining is that yields did not rise on this news.  Bond stability bodes well for equities. My Top Pick: MSFT My income pick is MSFT Corp (Ticker: MSFT).  This is a company that is well positioned to take advantage of all things AI.  Its customers are captive to its incredibly sticky ecosystem.  Who is giving up Office?  No one. Co-Pilot will be injected into all corners of this incredible suite of products.  Unlike Google, which faces a horrible dilemma of having to pivot away from its largest and most profitable source of revenue (ads), Microsoft is firing on all cylinders.  It might even figure out a way to make Bing less annoying.  It’s worth watching just for that. My Least Favorite Pick: IWM I think the Russell 2000 continues to struggle for a few more months – higher rates are no bueno for highly indebted and non-profitable companies.  It has way too many of those.   Until next time, Hans

The flinches happened last month. And they had to. President Trump likes a good scare, but doesn't truly want markets to crater. He says it's Main Street's turn, but you can't really help Main Street while nuking Wall Street. So things haven't gone as planned. He wanted the 10-year bond yield to drop and it has done little but rise. Bonds aren't feeling great but stocks... do? Is this a disconnect? Yes, to some extent it is. The 'smart' bond money is voting with its feet. They've been both running away from US debt and just not even showing up anymore apparently: this week's pathetic 20-year bond auction was a clear sign of that. Stocks prefer going with the "TACO" market: Trump Always Chickens Out. No disrespect, but he does and did. But with stocks giving him cover by rallying massively to near all-time highs in some cases, he may have felt emboldened to start round TWO of the process of turning the screws on countries with tariffs. Threats of 50% on the EU... Apple being told to make phones in the US, or pay 25%. He says he won't negotiate. We've heard that before. 50% on the EU will push them into recession. Won't happen. Stocks pulled themselves back from a good morning drubbing yesterday before closing only slightly lower. But how long can stocks hold up with renewed global growth threats and high yields that are also not thrilled with new and bloated budget efforts. Wasn't spending supposed to go down? What did DOGE really achieve? We're not sure yet, but Bitcoin is making new highs on fiscal largesse. Gold has started to recover as well. I am looking to fade that. Fraying US exceptionalism is back on the menu after a lovely 4 week break. And that's what stocks have to deal with. All eyes on bonds. A move higher in yields could be foreboding for stocks. My personal belief is that it doesn't last. I am looking at bullish TLT positions - I believe we will be getting cuts sooner rather than later. And AI? It's on again and good for productivity and slowing inflation. I'm sticking to my guns on that one. Timing is always tricky because markets will do market things..... Now.... there's also that little issue of Nvidia earnings this coming week. Given that AI was a big part of the comeback theme, I think this NVDA report is perhaps the most important in the past year. I think GPU demand is just fine. This next leg up in AI with inference and edge-led monetization and productivity wins will be making its way into all corners of the economy. Slowly, then very rapidly. It's going to be big. I cover my views on it and option LEAP intentions in this training: TRAINING VIDEO Hans

I hosted a State of the Market show on Friday morning for around 300 attendees and I explained that bearishness was, and still is, about as strong as I've seen it in many years. Maybe decades. AAII bearishness showed more than 50% of respondents as bearish for the 11th straight week. We haven't seen that in.... well, ever . 35 years of data. This isn't a "fear of missing out" market (FOMO). It's a fear of "I'm on the sidelines and it HURTS market". That is very dangerous for bears who've erroneously decided to sit out American Exceptionalism for now. That exceptionalism isn't going anywhere. The US leads in probably 9 of the top 12 tech/innovation industries. Since before my show with Samantha 4 weeks ago I've been warning that the pain point was up. I told Brent from Spot Gamma that there was more bearishness to unwind. Imagine fund managers looking at this and thinking of how they are about to underperform by LIGHT YEARS if they don't do something about it. The exodus of foreign money may also reconsider abandoning the US at some point.... more fuel to the upside. 🌳Our Hedged Income LEAPs portfolio is up +18.5% this year versus QQQ down -7% and SPY just about even. Four of our names are either making new all-time highs or a few percent away from one. We have made a bunch on hedges and income trades to boot (remember the port was hedged on the way down). It's a special portfolio. ****I'll be opening the strategy up to new members soon (and you can learn it in the mentoring program , see below). Stay tuned for how to get involved. The Pulse Markets love clarity—and clarity showed up wearing a suit in Riyadh, shaking hands and lifting sanctions. In case you missed it, the President's speech at the Saudi-US Investment Forum wasn’t just geopolitical theater. It was a pivot point. We got: A surprise easing of tension with Syria  (yes, really) An olive branch to Iran  - with a “don’t push it” tone And a recommitment to stability vs conflict  across the Middle East. Flinch, flinch, flinch. From markets feeling sheer terror 30 days ago to flinches doled out like candy on Halloween. Trump is suddenly everyone's friend again. Meanwhile, tech and chips took the baton  and ran. Nvidia’s partnership with Saudi Arabia’s new AI venture "Humane" means hundreds of thousands  of advanced GPUs will ship over five years. Oh—and the U.S. just gave the green light for Middle East exports of these high-powered chips. A previously locked door is now wide open. Flinch. The result? 🔹 Nasdaq rips higher.🔹 S&P is flirting with new all-time highs.🔹 Strategists are playing catch-up—again. Big Wall Street VIP strategists raising their S&P targets after dropping them several times. How useful. Piper Sandler says “Offense takes the field.” Wells Fargo: “Ceilings become floors.” Ed Yardeni just bumped his S&P target to 6,500 . Markets are pricing in peace, growth, and another shot at AI-driven upside. I'm a believer. I'm happy to have pivoted away from bear on semis last week. Better late than never. I added NVDA LEAPs today as well as one of my Turbo Trades in the name. What else? On my show Friday I gave out a free trade: long NVDA August calls and long GOOG August puts. Doing very well. I gave out an Uber upside June 90 call play that I closed out for a 340% gain this afternoon . No joke. 📊 EARNINGS + INFLATION = TAILWIND As I always like to say, I don't mind high-ish rates and a little inflation as long as growth is good and folks are employed. The growth scare of three weeks ago is long gone. 90% of S&P companies have reported. 78% beat on EPS. CPI came in at 2.3% —lowest since Feb. Sure, these are backwards looking to some great degree.... but these are not the metrics of a market in trouble at the margin. We’re not just climbing the wall of worry—we’re wearing jetpacks. ⚠️ WHAT TO WATCH NEXT Tariff math.  Tariff rollback = lower input costs, but we’ll need to see how much demand was “pulled forward” during the trade war peak. The Q2 earnings setup.  Strong Q1... but now expectations are high. If guidance gets soft, we could see rotation. Maybe. As I've been saying on shows for weeks, I think the market will look past the eventual slowdown from pull-forward - transitory. Yesterday's news. Buy that point it will be about done deals, and tax/regulatory tailwinds. Tax policy and CapEx.  How stimulative will it actually be? Too hot and we get rates pressure again. 📌 FINAL THOUGHT The geopolitical tone has shifted—from aggression to accommodation. Markets are sniffing that out fast . We’ve moved from “brace for war” to “position for peace dividend.” And guess who loves peace? Margin expansion. If you’re sitting in cash, the opportunity cost just went up. Stay sharp out there. And remember—markets don't wait for clarity. They front-run it. May the income be with you, Hans PS: My 12 month VIP Pro Options Mentoring is OPEN. It's going to be like an Ivy League curriculum in trading options like a pro (I'm Ivy League so I should know how good it has to be). Just like how I learned, and what has made me tens of millions in options profits. Take my hand - reply to info@cashflowinsiders.com for more information and I'll hook you up with Mike to give you all the details. This can be YOUR turning point, if you accept it. The tuition is silly for the hundreds of thousands of dollars it could make you. Maybe millions.

We did some new trades in TSLA for income, took the GS fly win for a 70% win today, holding the last third of the META for a home run (up 110% on 2/3 and sitting at 140% on the last bit, RDDT under pressure - need a little run to $115 here. Bot back 2 of the 1x3x2 fly short calls. Let's go RDDT! Took the COIN trade off for a paltry 4. 4% on risk but not bad for a week's work.   And... As Scoobie would say... Ruh Roh! Google, in my view, is in big trouble. Search is 60% of revenue, high margin, and folks are moving away from it. Google needs to understand this problem and act on it soon. I've been warning about this in the community for a month (and buying put spreads), and sure enough... Apple came out and said search numbers are down for the first time in 10 years and that they will be considering other AI-related options for search on the iPhone. That might also cost Google $20 billion of service revenue from Apple, out of a total roughly $100 billion in revs for the year. Google plunged. Did I sell my bearish trades? No, I added to them. This could just be the beginning. PS - Google countered that they see growth in search queries. I'm calling BS. I break it down here: VIDEO on GOOGLE In other news... 🔹 1. Semiconductors (NVIDIA, AMD, Broadcom, Qualcomm) Good news for semis as Trump to reverse Biden’s chip export restrictions  before May 15. Move seen as favoring American semiconductor exports but keeping China-specific curbs in place. Markets reacted positively: NVIDIA ended up +3%, and a little more today. Still uncertain: new rules may be more complex with 20–200 individual country deals. Key concern : US sending mixed messages on national security vs. innovation. So does national security matter or not? 🔹 2. Pharmaceutical Sector (MAHA Health Overhaul) Trump nominated Casey Means  as Surgeon General, solidifying the RFK Jr.-led health agenda (Make America Healthy Again). Pharma stocks dropped amid fears of a disruptive regulatory overhaul and transparency push. Concerns around pricing power, exclusivity loss, and corruption rhetoric. Short-term pressure likely, especially for drugmakers losing patent protection. 🔹 3. Alphabet (GOOG) and Apple (AAPL) Apple exec testified that Google searches on iPhones declined  for the first time ever. Apple exploring AI-driven search partnerships (Perplexity, ChatGPT, Anthropic). Potential loss of $20B/year in search payments from Google if DOJ suit dismantles the deal. Alphabet's reliance on old “blue-link” ad model seen as vulnerable. Analysts liken this to Kodak’s innovator’s dilemma —need to disrupt themselves or risk becoming obsolete. 🔹 4. Federal Reserve and the Economy Fed kept rates unchanged but expressed concern about stagflation  (high inflation + high unemployment). No bueno. Need deals. Powell emphasized uncertainty due to tariffs and shifting fiscal policy. Market reaction: yields fell on the long end, suggesting investors expect slower growth. Fed may hold rates for longer and could deliver back-end-loaded cuts if job market deteriorates sharply. 🔹 5. Disney (DIS) Surprise beat on earnings; streaming subs rose by 1.4 million to 126 million. Parks and cruise segments did well; new park announced in Abu Dhabi. Concerns remain: Streaming growth lags Netflix’s 41M annual sub gain. Streaming ad revenue down 13% sequentially. Engagement weak on originals (Bluey is top show). Key catalyst could be ESPN streaming integration and pricing bundle with Hulu and Disney+. 🔹 6. Novo Nordisk (NVO) Beat on earnings but lowered guidance due to compounded competitors  undercutting its GLP-1 drug Wegovy. Company expects revenue rebound in H2 as competition phases out. Pricing drop could widen access and offset lower per-unit revenue. 🔹 7. Uber (UBER) My darling Uber missed on revenue, but autonomous vehicles touted as "greatest opportunity." Already testing 100 robotaxis in Austin. Long-term bullish narrative intact; stock remains attractive on valuation. I'm not going anywhere - I stick to my $100 target from last year. 🔹 8. Retailers (Nike, Lululemon, Capri) Stocks rose on reports of possible tariff exemptions  from Trump. Optimism around softened stance on China-related apparel tariffs. Flinch! Some analysts cautious long term due to uncertain consumer environment and inflationary pressures. Have an awesome day folks! Hans CEO and Founder of the only option education that matters. www.optionswithhans.com www.crushthepremium.com

Hey Income Traders, As the market squeezes higher on short covering we've been plodding along with some nice wins in the community: 110% in META. We're up nicely in the Bitcoin Hedged Income book (video link in the newsletter). The Goldman fly is up around 50% - I need GS to get a little higher into the 575 area to make it sweeter. Taking a little heat on the NFLX fly but willing to wait it out (serves me right for getting even a tiny bit bearish on one of my 3 favorite stocks!). Added another SPY income trade yesterday and hoping for a non-event over the next couple of days. I suspect the pain point is still up in markets - I don't think Powell says anything to rattle them much. He has made it clear that rate cuts are not on the table until data compels him to act. With inflation sticky and GDP soft... the Fed is backed into a corner. That's not great for stocks technically but at the moment they are looking for tariff deals. The Gamma profile is not great - a 2% selloff could gather steam but without a trigger I do think we drift in this YELLOW market, which remains conducing to small and measured income trades. There is no all-clear so dry powder isn't a bad idea. Some more details into what I'm seeing: 🔌 Semiconductors: A Tale of Two Earnings AMD and Supermicro told very different stories in the latest round of AI-related earnings. AMD shares jumped after a strong beat in data center revenue and impressive confidence in forward guidance, despite a potential $800M hit from export restrictions to China. Their $7.4B sales forecast surprised many given the geopolitical headwinds but the market is just generally off the semi train right now - I've been saying for months to not force it in that sector. It's out of favor despite big tech saying they're continuing to spend. Political/trade/national security clouds are just keeping a lid on AI semi excitement. Too many questions, not enough clarity. I do think we need billions of GPUs over the next decade..... but for now respect the charts as a trader. As an investor? A taste. Also, Supermicro cut its full-year forecast, citing delays and looming tariffs. While the CEO expressed optimism for demand to rebound later this year, the market wasn’t buying it—shares dropped more than 3%. Again, tough space. 💼 The Fed: Paralysis by Uncertainty With the Fed decision coming Wednesday, the tone was one of hesitation rather than conviction. Former Dallas Fed President Richard Fisher noted the lack of clarity makes action nearly impossible, saying the central bank is in “wait and see” mode until more concrete tariff and economic data emerges. Michael Schumacher of Wells Fargo sees a growing likelihood of back-end loaded rate cuts—potentially as much as 100 basis points in the second half of the year. However, many on the desk warned that could be too little, too late if macro data turns sharply worse. I don't believe it will. I think the second half could be gangbusters, but for now we trade what's in front of us. 🌍 Trade Tensions & Tariff Talk President Trump’s “shopkeeper” analogy for trade deals has left investors scratching their heads. While administration officials hint at progress with several key partners, no negotiations with China have even started. Mixed messaging has only added to corporate uncertainty and investor caution. 🚗 Rivian, Palantir & the Market’s High Flyers Rivian posted a smaller-than-expected loss and two quarters of positive gross profit, unlocking $1B in VW financing. However, a delivery guidance cut spooked the street. Palantir beat expectations but tumbled after weaker international sales and an overheated valuation narrative—66x sales is tough to justify. Fundamentals don't matter until they do. Be very careful with option sales on extremely expensive stocks. 📺 Disney, Uber & Lyft on Deck Disney announced a new theme park and is up today. UBER, one of my fav stocks had mixed results - a little revenue miss and a little slow on ride demand. The good news: profits higher than expected and margins improving. These are KEY. They are in monetization mode and free cash flow is also 66% higher than last year. Trip numbers are up, gross bookings are up... but again perhaps slowing. Overall not bad. I'm holding. 📅 What’s Next: Fed Decision – Wednesday Disney, Novo Nordisk, Uber Earnings – Wednesday Lyft Earnings – Thursday Macro Watch : Jobs, GDP revisions, and ongoing tariff negotiations Stay tuned—this week could be a turning point across markets. Catch you guys later. Hans

A very nice week for us — we monetized winners in UBER , HOOD , MSTR , CELH , META and AMZN . RDDT  and COST are sitting pretty. Reddit - I love the stock and the chart, but with earnings approaching, I think it's time to take the win.  At $90 , it’s a happy hold. At $120 ... let’s ring the bell. I'm still long quite a bit of stock. I also sold NFLX calls to lock in $1030 - a 50% win on the LEAPs I bought in the LEAPs Trader portfolio. I've been mentioning on various shows that we’ll continue to see an unwind of extreme bearishness  — levels we haven't witnessed since the Global Financial Crisis (GFC) : Daily S&P 500 ranges at GFC extremes AAII sentiment readings that were at covid lows Even Trump has flinched a few times — suggesting less of a "bull in a China shop" approach It feels like the "drive the global economy off a cliff" scenario may finally be coming off the table  —especially considering how bleak things looked with 145% U.S. tariffs and China basically refusing to engage. Things were looking dire, or at least the sense of dread was palpable... and now? Not nearly as much. The bond "put" has spoken, and the Trump team backpedal happened.   That said, damage is still being done - it's real and not going unnoticed by certain measures. My risk gauges, even outside of the MTI, are at VERY elevated levels. The 10 year-yield is still showing stress. The VIX futures curve is still very much stressed even after a 600-700 point rally. The US dollar hasn't exactly soared on better sentiment and Trump flinches... Credit spreads have widened and yield vol is still high. Economically, things haven't been super bad because of pull-forward purchases ahead of tariff implementation. Folks are in buy-buy mode to beat the price hikes. But at some point reality will catch up to a market that is near to being priced for perfection on any further rally. Downward earnings revisions are just starting to pick up: Employee sentiment  is shaky, with real concern building: Consumers at the margin aren't catching a break either: I won't belabor the point — because a few well-placed tweets could shift the mood quickly, but the durable economic damage is not to be ignored , and it will get worse without some quick pivoting and tariff dealmaking . For now the rally has happened, but things are les-than clear. The White House says negotiations with China are happening. China says… not so much.   With stocks trading around 5500 , this market is actually close to fully valued. Can it go higher? Sure, bears may scramble some more. We’ll be looking for new trades this week — but caution is still warranted . I'm trimming positions and collaring names I like.   Have a great weekend, Hans

Today was interesting. We saw a pop, then drop, then a steady march higher toward the day’s starting point, before settling up close to 1% for the S&P 500 index. So while it seemed like it was more or less a nothingburger kind of day, I would say that in my mind it was very constructive. We didn’t fade far below the day’s lows.   The range on the day was low compared to what we’ve been seeing of late. Note that intraday volatility has been exceptionally high of late - the highest we’ve seen since the 2008 GFC. This is supportive of a VIX 45. Investors had begun to believe that a stock “put” didn’t exist at ANY level. By “put”, I mean a level at which the central bank won’t tolerate more market losses and intervene with some more support. But President Trump flinched last week. Not once, but twice. Bond markets spooked his crew, so he delayed tariffs for most of the world. Problem #1 solved:  a credit/rate volatility contagion was averted. And while the stock put did not technically materialize the bond put did all the heavy lifting for equities.   Save the bond market, save the stock market.   Second, he quietly excluded a number of items from the tariff escalation list late on Friday: cell phones and semiconductors in particular. And while Secretary Lutnick dialed that claim back somewhat, I think the market has been reconsidering expectations of all-out chaos. The Average True Range – a measure of daily market highs and lows – has been slowly turning down, which is a sign of easing worries: Remember, direction of volatility is important, not just absolute levels. An ATR that is pointing down is what we like to see for premium harvesting. So, while I think we are far from out-of-the-woods, a relaxation of fear is welcome. That’s a return of stability, one of the key features we look for in income trading.    Let’s hope for more of that. May the income be with you, Hans

Wow, that was one for the record books.  The market is still blood red on my MTI indicator.  It has been since Feb 24 with the SPX at 6000.  Yes, having the right indicator helps.  Which, by the way, is when I "Turned to the Darkside" and went bearish after being bullish for two years. (see below picture).  Pros aren't afraid to move their feet and do what needs to be done.   Unfortunately, this is not over.  Yesterday's rally was a squeeze for the ages and very short/leverage driven ( see my video below for how that works ).   But earnings estimates have barely budged.  They need to come down. The market is still rich for the reality that the economy is facing.    Are we in a recession?  No.  Are asset holders still wealthy?  Absolutely.  So I don't want to overstate the damage.  I do believe that paralysis by consumers and businesses can be more or less transitory.  But they need NEWS - soon.    Savings are good, cash in money market accounts is plentiful.  But folks aren't happy and they WILL start voting with their sell buttons.  We need more and better headlines on tariff resolution.  Or this will become a durable problem.  With earnings season upon us we may not be hearing much that is positive from CEOs.   THIS is what helped to push stocks higher yesterday.   https://youtu.be/KfVbUkyT8jE?si=jfhuDbpLR0TOXtGI&_kx=ONXv6EGiagUaYqwpEDGbxw.VJ3wEe May the income be with you folks,   Hans Hans turns to the Darkside in Feb. SPX just under 6000.

It’s Hans, your friendly neighborhood option afficionado - and HEDGER.      THIS.  IS.  REAL.  Trump just laid it down thick.  Unapologetically, and with typical gusto.      He's a showman but I'm not sure everyone's enjoying this episode.  The ball is now in the other court.  I'm not sure I would be playing a game of chicken with China. They may not care. They don't need to do what's "best" to get re-elected. Lesotho, a small country in Africa that received the highest retaliatory tariffs, will fold faster than a patio chair at the end of summer. China is going to say.... GAME ON. So for markets, 2025 is clearly not business as usual.   🎞️Check out my new video for some things that I’m seeing, watching and thinking about….🎞️   Also, folks may not know this about me... but I didn't just run hundreds of millions in options income funds, I also managed downside crash protection funds as well.  I'll be doing another session next weekend.  It will be $497 for a 3 hour workshop that will be recorded.  If your life savings aren't worth $497. Those who took it in early March saved $millions in pain and are over the moon happy. I've been telling Trading Room members and students to hedge hedge hedge since 5750.   In interested email Natasha at info@cashflowinsiders.com - by invite only.   Stay safe and may the income be with you,   Hans   PS:  reviews on the last workshop:

Well, what can you say after a couple of days like that…except yowza .  Fed rate cut and a new President in office. We’re also saying thank you because we were set up for success. We did the work, we came in prepared, and we killed it. The market was prepared for a Trump win, but perhaps not prepared for the breadth of his dominance.  But for options volatility (the VIX), it was more about getting past the event. The not-knowing was the tough part for investors and once we had a clear winner, the floodgates opened for markets.  But, while broader strength was yuuuge… right out of the gate there was a Zeitgeist-changing shift in themes and sectors. Big cap tech mostly remained subdued on Wednesday while sectors like financials roared into the prospect of dis-regulation.  The Bitcoin complex soared with a Team Trump that will be very supportive of cryptocurrency in the years to come.   And…knowing what’s good for them, leaders in Big Cap Tech, from Zuck to Bezos to Pichai, all came out to kiss the ring with sweet messages of well-wishing to President-Elect Trump.  And then they TOO rallied yesterday – META a case in point – sneak peak: our high-conviction put sale from earlier in the week has captured 60% of premium in only a week.  2.8% on risk in 5 trading days?  Not too shabby.   Readers, what you need to take away from this is…. This is a new world for equities.  Under Trump’s tax cuts and spending plans this may become a debt-be-damned free for all.  Until it stops, but that’s a worry for later.  As I mentioned on Mark’s show – the market might male cause it can only focus on one thing at a time.   And right now that’s chasing performance into year end.  The pain point could still be to the upside.  Corporate buybacks are massive in November, especially in big tech.  Volatility targeting and CTA flows will be very positive the more we see volatility come down.  A 10-year yield of 4.5% worries me, but the tailwinds are numerous.     This coming week will pale in comparison to what we just experienced from a news standpoint.  And with big events out of the way sectors and themes will continue to jockey for position underneath the index hood.  I’m looking for sea-change type plays to make.  For example healthcare under RFK’s guidance, innovation under Elon, crypto, financials and more.  I believe there is gold to uncover as we figure this out.   Our trades are doing great once again.  As mentioned we are sitting on great gains in META.  Our TSLA upside structure made bank on the Trump/Elon slumber party Tuesday night.  Our upside call spread captured 85% on risk in a couple of weeks while some short puts captured 75% of premium received.  COIN position cleaned up as we pieced out out very large call spread into that 30% move in the stock.  We sold some early but actually closed most of it with the stock up $56 - we paid $1.50 and sold the balance at 39.10. That is NOT a typo.    We sold some more covered calls in PANW to pocket 5.5% on risk for the next 46 days of work.  We sold some covered calls against HOOD, way too early but a win is a win.  We will look to roll up this cash-machine play on any small pullback.   Our AMZN play has been huge and I’m holding on.  I’ve been shouting from the rooftops since 185 and it hit 210 yesterday, my first target.  I may roll it up.    Our NVDA cash-secured puts are up big but I held post-DOW inclusion and the 125 level is pretty safe into this melt-up.   Our ULTA put credit spread is about to make full value – 10% on risk in under 20 days – but let’s not count chickens just yet.   Good times but let’s not become complacent.  I continue to look for collaring opportunities into significant strength. Also, as I mentioned on Oct 22, the upside cheap skew would probably normalize on a strong move up, and that's exactly what happened. Let's see how to play it this week but I have a couple of good ideas....   May the income (and sugar rush from leftover candy) be with you. Hans If you want to trade like a pro (an actual pro, not options hobbyists) let me know. www.crushthepremium.com/training for various options to work with me. Bespoke 1-on-1 mentoring also available for $5000 a month. Almost unlimited access to me, all programs, all trades. As good as it gets for people who want to take this seriously and have the means ($1M+). If you have $5 million+ this is a no-brainer - having a pro who has managed $1 billion professional looking over your shoulder - I'm sure you're leaving a couple hundred thousand on the table every year. Reach out to Natasha directly: hans@cashflowinsiders.com