What Happened Today?

Tuesday August 4, 2026

This is pretty low fi.

After the SALP situation was known I stacked QQQ 0.00%↑ Calls. What I did was look at the slope of the sell off and inverted it.

Then because I am pussy I lowered the slope to be safe and just bought calls along that slop from 8/3 out to 8/21. So here is my stack.

And here is how it actually played out.

Typically, a relief rally happens faster than the sell off if the sell off was just because of uncertainty (i.e. a drop in bid pressure) not because of mass panic selling.

As the market moved, i.e. the retracement slope was greater than my target slope, I sold off nearer strike calls and rotated them to higher strike prices.

Because I am always event minded, I closed out everything because of SpaceX’s earnings. AI is still a bubble.

I made 15 trades. All 15 paid out. If I had just traded a 90 degree angle (top curve) some of the options I would have played made 28000%. I do not have a logical reason why I did it this way. It’s just the way that felt most logical to me at the time.

The last three days were a once-in-a-lifetime setup. And the third such once-in-a-lifetime setup this year :)

—AJ