Q1 2026 Report

So here we go, another year. Instead of providing monthly updates, I’ll just update quarterly for now as things are a bit busy these days. For Q1, my portfolio generated a loss of -5.6%, which is not bad considering the market volatility. My core position remains the same with positions in Apple, Mastercard, Constellation Brands, Visa and Qiagen. Cash remains at ~ 10%.

I’m still aggressively selling puts and / or calls to generate income. I’ve changed my focus from individual tech stocks to a broader index. I’ve been mainly selling the ETF options: QQQ and SPY that expire daily. I really like the daily option expiration as I don’t need to worry about overnight risk. I just found out that trading index options (i.e. SPX, SPXW) have a nice tax advantage as they are closed out as 60% long term and 40% short term capital gains. This preferential tax treatment for the index options means more money in your pocket. I’ll mainly be trading these index options.

On to IPOs… I was quite surprised to see Space X is planning to go public this year. I have a tiny position purchased via a SPV at a $120 billion valuation so this will be a nice payout if they hit the $1.75 trillion valuation that is being talked about. I have no intention of selling any shares and plan to build up the position after the IPO. The things that this company can accomplish will be amazing.