I haven't made an update lately, because I've mostly been rolling my positions for credit. I updated my spreadsheet (again) and off to the right side of my scoreboard, I have all of the trades listed for each campaign. It makes it easier to follow along with (I hope).

Anyhow, I don't like taking a lot of risk, so I don't usually buy calls or puts, I like to sell the lottery tickets, not buy them. Having said that, last week Thursday, bitcoin dropped to 60k. Thst night I logged onto coinglass and looked at the funding and it was negative, like way negitive.

Negitive funding happens when there are so many short positions, that they have to pay the longs to stay open. It only happens when the shorts are extremely crowded and piling in.

I watched the price drift up Thursday evening, and as it went up, the funding continued to go down, so there were even MORE shorts piling in and the price was still going up. That trend continued all the way up until market open on Friday. What that meant to me is that there were no spot sellers left, it was just shorts and they couldn't push the price down any lower, so the second the market opened I bought 6 0DTE calls of IBIT for $300. I sold them later that day for $1200 making a smooth $900. Short squeeze baby!

Other than that, I've mostly been rolling. I did get assigned 200 shares of MARA yesterday making it 300 total, and if i don't roll them, I'm looking at getting assigned 1400 shares of BITF this upcoming Friday.

I'm not selling covered calls on my MARA right now and I'm considering just taking assignment on bitfarms instead of rolling the position for a credit. My reasoning is that there is a hard end of February deadline for a compromise on the Clarity act. If it moves forward, I'll be holding naked shares of MARA and BITF and I could make a killing. If nothing happens by end of February, I'll just sell covered calls on them.

That's the update for now. Hopefully I keep the winning streak alive.