Morning Brief
Wednesday, May 27, 2026
Market
Risk On
SPY$749.61-0.13%5d:+2.2%
QQQ$727.54-0.38%
VIX16.8/ VIX3M 19.8
▲ 20d $735 ▲ 50d $700 ▲ 200d $680RSI 64.8R $751 (-0.1%)S $712 (+5.3%)VIX 16.8 — low IV, poor premium selling. Favour debit or synthetics.
TLT +0.16%GLD -1.34%IWM vs SPY +0.01%VIX TS +3.0
· VIX term structure in contango (+3.0) — market calm, hedging cheap
· GLD -1.3% — gold down, risk-on rotation
VIX 16.8 — contained. Trend is constructive (SPY +2.2% weekly). Favourable for wheel and synthetic positions. Premium selling is viable. SPY above 20d SMA $735, above 50d $700, above 200d $680.
Portfolio
Deployed
52%
$20,638 / $40,000
Open positions
20
Unrealized P&L
+$1,371
Positions
| Symbol | Strategy | Strikes | DTE | P&L% | Action |
|---|---|---|---|---|---|
| Action Today · 1 | |||||
| NVO | 35 — LEAPS (>6mo) | 50 | 233d | -100% | At 100% loss — stop is 100%, exit without hesitation |
| Caution · 3 | |||||
| ZETA | 42 — Synthetic — trade | 20/20 | 233d | -15% | Monitoring — no action required |
| SMCI | 41 — Synthetic — investment | 40/40 | 569d | +60% | Monitoring — no action required |
| SMCI | 35 — LEAPS (>6mo) | 35 | 569d | +53% | Monitoring — no action required |
| 16 positions healthy — no action required | |||||
Updated 06:00 PM