Coming back up for air after a busy couple months of things away from the trading desk for higher inflation in June. Nobody should be surprised by this, and arguably a bit of this concern should have been priced in already. The stock market is however an emotional beast aond so some equities took a notable shift downward.

Since I last checked in, I allowed a number of equities to get called through covered call options for a profit. I then picked up both CoreWeave (CRWV) and Shopify (SHOP) for a discount.

Personally I'm pretty optimistic on Shopify as a business. I will continue working with it, the company has good fundamentals but because it is a Canadian firm there seems to be geopolitical tensions that drive volatility. Useful volatility, especially for an options trader.

CoreWeave IPOd earlier this year at around $40 a share, and when I checked in on them more recently they were floating in the mid $100's, pretty impressive! I don't have a lot of opinions on the company and its prospects frankly, but it also has a lot of useful volatility like Nvidia of 2024. We'll see how it goes!

As I continue to have demands on my time elsewhere, I cannot follow the market as closely which leads to a far more conservative playbook of covered call options rather than puts. Depending on how the remainder of the summer goes, I hope to find myself back analyzing the opens and making more short-term trades soon!