THE TIME ADVANTAGED INVESTOR
DECEMBER 2025
In the thirteen calendar days between December 18 and December 31, 2025, the portfolio was down $36,315 (-3.595% since inception). The portfolio is in transition to 100% time-advantaged strategy but still has a few legacy positions that will be closed.
Options expired/assigned/exercised:
At inception, I sold a single silver futures call that was assigned and left me with 1 short March Silver future, which I closed at a substantial loss.
Dividends received:
$940 on 4000 shares of Western Union $WU, received 12/31/2025
Interest accrued/paid:
approx. $600
Open positions:
short calls and a put on March 26 silver futures
short various cocoa futures and calls on silver futures
short $GPCR calls
short $AGQ calls
short $RR calls (legacy)
short $SMR calls (legacy)
short $NNE calls (legacy)
short $OKLL calls (legacy)
short $RGTI calls (legacy)
short $ARQQ calls (legacy)
short $CONI calls
short $MSTZ calls
short $HYMC calls
short $LVWR covered by puts
short $AZ covered by puts
short $AZ calls
long $PYPL covered by calls
long $TFSL ( ▲ 0.33% )
short $URA puts
long $NVO covered by calls
long $HRB covered by calls
long $NOAH covered by calls
long $ATHM
long $ZDGE covered by calls
long $MKTW
long $SE covered by calls
short $AMN puts
long $WU partially covered by calls
long $CCJ covered by calls
Disclaimer: This is not financial or trading advice. I don’t even know if it will work. I certainly don’t recommend you do anything and have no responsibility to you under any circumstances. Don’t expect advance warning of any change in position — you will not get it. I might close or flip positions or take other trades you do not expect without notice. Under no circumstances will I have any liability to you, so be an adult and take responsibility for your own actions. If you disagree, discard this email, unfollow and ignore.