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Week of January 15, 2024 - Weekly Performance by Strategy

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  1. All 1 unit position sizes that were used for the results above are shown on the respective strategy performance pages on the strategy 'Trades' PDF.

  2. Clients trading more than 1 unit of risk per trade (2x, 3x, etc.) realized the performance published above correspondingly to that amplified magnitude.

  3. The results for Trade Sphere are based on 1 unit size as well, which is generally around $500 per unit, and the entries and exits published as 'signal guidance'.


With no major econ news this past week the market was left to its own devices and there was some genuine price discovery. With the trade week shortened, S&P (SPY) and NASDAQ 100 (QQQ) we were relatively flat on Monday, but showed some decent weakness on Tuesday. Thursday and Friday resulted in a blistering rally led by QQQ.

Our exposure was decent this week and with an early week bullish bias in 10x Project the concept was there but Tuesday's weakness led us to pare some of our bullish exposure to manage overall risk. This included calls in AMAT and LRCX, both of which eventually turned to massive winners. However, 10x did capture some nice gains in some NVDA calls that materialized late on Wednesday.

Options Grid seems to be not able to catch a break the last month plus, as our exposure had been limited and a day or two off in terms of the context of the trades we have taken. However, with the holidays and shortened trading weeks behind us, coupled with a few other factors, I expect things to start picking up there. As stated last week, more exposure can be expected week-to-week and increased exposure does not always correlate to increased risk on a 1 to 1 basis. In fact, it can often dampen risk if properly structured.

As for Trade Sphere - Only a handful of trades but the AMAT and NVDA calls both did extremely well and allowed the strategy to put up some decent gains on a net basis for the week. Of admin note - Trade Sphere will likely be available for auto trade in the next 30 days or so. We only plan on allowing 5-10 total clients on Auto Trade and depending on how it stacks up we may eliminate the signals via Telegram. More to follow.

Looking Ahead

Another mild week ahead on the econ front. However, earnings season will start to pick up this week with NFLX center-stage on Tuesday.

With the market at and making new all-time highs, there is no reason to fight the trend. It would not be unreasonable to see some modest consolidation for a bit, but price action will do whatever it wants and we will position accordingly.


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