Market Context

Volatility remains subdued.

VIX is holding near recent lows after pulling back from last week’s spike.

SPY remains above major support, but short-term momentum is mixed below recent highs.

QQQ continues to hold an upward structure above key support, though momentum has slowed after the rebound.

Earnings activity is moderate, with several notable reports on the calendar including FDX, CCL, MU, PAYX, and JEF.

Price action remains choppy beneath recent highs.

In this environment, I am prioritizing assignment quality, cleaner support, and no forced deployment.

Last Week — Trade Recap

Trade recap Last week
Ticker EQNR
Strike $42
Premium $660
Outcome Expired
DTE 31

Note: Covered call sold above assignment cost basis after recovery into resistance. Fair premium with acceptable upside participation remaining. Expired worthless.

Read the trade log here.

Ticker ABNB
Strike $141
Premium $510
Outcome Called Away
DTE 14

Note: Covered call sold above assignment cost basis after recovery into the EMA21 / EMA34 / SMA50 support cluster. Fair premium with acceptable upside participation remaining. Shares called away at expiration for an additional $600 gain above assignment basis. Total realized profit: $1,110.

Read the trade log here.

Ticker IBKR
Strike $85
Premium $495
Outcome Expired
DTE 8

Note: Entry taken below the EMA34 / SMA50 support cluster after controlled consolidation. Fair premium on a high-quality financial underlying. Expired worthless.

Read the trade log here.

Ticker IONQ
Strike $65
Premium $610
Outcome Active
DTE 11

Note: Covered call sold above assignment cost basis after recovery through the EMA21 / SMA50 support cluster. Elevated IV with acceptable upside participation remaining. Active position.

Read the trade log here.

Ticker SOFI
Strike $18.5
Premium $432
Outcome Active
DTE 10

Note: Covered call sold above assignment cost basis after recovery through the EMA21 / SMA50 support cluster. Fair premium with acceptable upside participation remaining. Active position.

Read the trade log here.

Ticker RDDT
Strike $160
Premium $800
Outcome Active
DTE 9

Note: Entry taken near pullback support after an oversold decline on a high-beta large-cap underlying. Fair premium with earnings outside the option cycle. Active position.

Read the trade log here.

Current Positions

Current positions Live data
Ticker EQNR
Position Shares
Basis $39
Size 600
Status Covered Call Active

Plan: Covered call active at $42. Structure remains intact despite recent weakness.

Ticker IONQ
Position Shares
Basis $57
Size 200
Status Covered Call Active

Plan: Covered call active at $65. Recovery through EMA21 / SMA50 support cluster with elevated IV and acceptable upside participation.

Ticker SOFI
Position Shares
Basis $17
Size 1,200
Status Covered Call Active

Plan: Covered call active at $18.5. Recovery through EMA21 / SMA50 support cluster with fair premium and acceptable upside participation.

Ticker AMZN
Position Shares
Basis $262.50
Size 200
Status Call Writing Deferred

Plan: Covered call deferred while price remains below acceptable call-writing levels.

Ticker ONDS
Position Shares
Basis $11
Size 1,500
Status Covered Call Management

Plan: Covered call management remains active following assignment. Position remains under Wheel management.

Ticker AKAM
Position Shares
Basis $152.50
Size 200
Status Covered Call Management

Plan: Covered call management remains active following assignment. Position remains under Wheel management.

Ticker RDDT
Position CSP
Strike $160
Expiry Jun 26
Status Support Hold

Plan: Near pullback support after an oversold decline on a high-beta large-cap underlying. Fair premium with earnings outside the option cycle.

Watchlist

AGGRESSIVE

Watchlist Aggressive
Ticker IONQ
Level $56.55
Trigger Hold 54-56 Support
Invalidation Below $52
Risk Quantum Hype Beta
Ticker IREN
Level $59.96
Trigger Hold 56-58 Support
Invalidation Below $54
Risk BTC/Miner Volatility
Ticker BTDR
Level $17.93
Trigger Hold 16.5-17 Support
Invalidation Below $16
Risk BTC/Miner Volatility

BALANCED

Watchlist Balanced
Ticker SOFI
Level $17.91
Trigger Hold 17-17.5 Support
Invalidation Below $16.5
Risk Fintech Volatility / Recent Recovery
Ticker TSM
Level $462.12
Trigger Pullback Hold 420-430 Support
Invalidation Below $410
Risk Semi Sector Rotation / Extended Chart
Ticker AAPL
Level $298.01
Trigger Hold 290-295 Support
Invalidation Below $285
Risk Mega-Cap Range Chop

SAFE

Watchlist Safe
Ticker MOH
Level $195.37
Trigger Hold 190-192 Support
Invalidation Below $186
Risk Healthcare Managed-Care Pressure
Ticker TGT
Level $130.74
Trigger Hold 126-128 Support
Invalidation Below $124
Risk Retail / Consumer Slowdown
Ticker CSCO
Level $119.54
Trigger Pullback Hold 114-116 Support
Invalidation Below $112
Risk Low Premium / Extended Trend

What I Am Not Touching

No forced CSP entries while multiple assigned-share positions remain under Wheel management.

No premium-first trades in high-IV names.

Elevated premium still needs clean support, acceptable assignment, and controlled sizing.

No covered calls below acceptable exit levels.

Assigned shares are managed only when the strike respects cost basis and preserves upside participation.

No selling puts into weak structure just because VIX is subdued.

Lower volatility can make premium look cleaner, but it also reduces compensation for assignment risk.

No trades into earnings week.

FDX, CCL, MU, PAYX, and JEF keep event risk relevant this week.

No chasing rebounds beneath resistance.

Support must hold first.

Process Note

Last week was mostly management-driven.

EQNR and IBKR expired worthless.

ABNB completed a clean Wheel exit above assignment basis.

IONQ and SOFI moved into active covered-call management.

RDDT was added selectively after an oversold pullback into support.

The focus now is not increasing activity.

It is managing exposure correctly.

Assigned shares remain part of the process.

Covered calls are used only when the strike makes sense.

New CSPs require clean structure, acceptable assignment, and no earnings conflict.

Lower volatility does not change the rules.

It raises the bar.

Assignment quality first.

Premium second.

No forced deployment.

Wizolver.log documents a personal trading process and is provided for educational and informational purposes only. Nothing here is financial advice or a recommendation to buy or sell any security. Options trading involves significant risk. Do your own research.

— Wizolver