Meghan Rogan

World, meet Will 💕 I don’t know what day it is, I barely know what time it is, and I think I checked my portfolio once on Tuesday. This little man is now our whole world 🥰

Will says he voted for more milk! 📈

Will says happy Monday! ☀️☕️

Happy Halloween from Will! 🎃

🟢+300% $SPY $757/$758 PDS Keeping on the other spread for now Redeploying right back into $SPY shares!

True crime documentaries are all the rage these days, and don’t get me wrong I used to watch them all the time. Until I realized they were affecting my mood. I then started watching them occasionally when I couldn’t find anything else that sounded interesting. Just a few months ago I watched the documentary about the Idaho murders on Netflix. After that, I stopped watching true crime documentaries. I find that I still catch myself thinking about it to this day. I have since been watching light hearted shows and find I am in a much better mood! Please protect your mental peace 💕

🚨 $TQQQ Ladder Trade! Opened the $58/$53 put credit spread 11/27 @ 1.28 We will see how the market behaves over the next few weeks!

Good morning 𝕏, happy Wednesday!☀️☕️ Will is ready for FOMC today!

Day 20/30 — $TQQQ Ladder Strategy 🪜📊 The touch rule. ⚡ What happens when the call credit spread we sold below our basis gets tested? The rule: the moment TQQQ trades at our short call strike, at any point, intraday included, we close the whole spread. No waiting for the close. No rolling. No hoping. Then we start the waterfall over:
1️⃣ 30Δ covered call above adjusted cost basis? Sell it.
2️⃣ No? 20Δ covered call above basis? Sell it.
3️⃣ Still no? A fresh 20Δ/$3-wide call credit spread. We keep the shares and repeat until we can sell them above adjusted cost basis. Example: assigned at $70, adjusted cost basis $67.50. TQQQ is at $58, so we sell a $64/$67 call credit spread for $0.90. Basis: $67.50 − $0.90 = $66.60. TQQQ rebounds and trades at $64. We buy the spread back for $1.50. Basis: $66.60 + $1.50 = $68.10. Net loss on the spread: $0.60. It goes back onto our basis, and we're not hiding it. Why take it? A rebound is what we want. The shares are what get us out green, and a spread that's been touched is one move from becoming a bigger loss. We cap the damage early and let the rally keep working for the shares. Tomorrow: how we scale in. Up to 3 put spreads, added only on a breach. 🪜 Grind the basis. Repeat. 🔂

Solid day today! 📈🟢

A good chunk of my portfolio is in SPY shares, so I like to do light hedging on solid green days. Just opened the following hedges: $SPY 758/757 put debit spread 11/2 @ 0.15 $SPY 690/685 put debit spread 11/27 @ 0.12 I’m willing to lose the full amount for both of these plays since I’m bullish on the overall market, which is why I keep them light. A little bit of hedging can help in case of sudden downturns 🙂

Good morning 𝕏, happy Tuesday! ☀️☕️

1 month of Will 🥰

Day 19/30 — $TQQQ Ladder Strategy 🪜📊 Why calls run 7-14 DTE while our entry spreads run 30. ⏱️ First, a quick recap of what happens once we own the shares. We work down this waterfall, all at 7-14 DTE, all closed at 50% profit: 1️⃣ 30Δ covered call, if its strike is above our adjusted cost basis
2️⃣ Not above basis? 20Δ covered call, if its strike is above basis
3️⃣ Neither clears basis? 20Δ/$3-wide call credit spread Covered calls come first. The spread is only the fallback when neither call clears basis. Now, why 7-14 DTE here when entry runs 30? Entry (30 DTE): the job is room. We need a strike far enough from spot to give TQQQ space to move, and enough time value to clear our 25-33% credit-on-width target. Calls (7-14 DTE): the job is income and speed. Every premium we collect lowers our adjusted cost basis, and the faster that happens, the sooner we can get out green. • Time value decays fastest close to expiration, so we collect in the steepest part of the curve. 
• We close at 50% profit, so a lot of these are done in days, not weeks. 
• We re-pick the strike every cycle, so each new call reflects where TQQQ and our basis are right now. The tradeoff: shorter-dated options react faster to sharp moves. That's why the strike has to clear basis first, and why step 3 exists. When no call can clear basis, we still collect income without committing to sell shares below what we paid. Tomorrow: the touch rule. What we do if we sold a call credit spread below our basis and it gets tested ⚡ Grind the basis. Repeat. 🔂

Parents - at what point did you feel like you were able to get out of the “survival” phase and start getting longer stretches of sleep as well as being able to get out of the house with your newborn? Asking for a friend 😆