Credit Spread write-ups

Selling an option and buying a further one for protection, taking the premium in with defined risk. 5 Tuesday Target write-ups use it, newest first. Closed trades show their result.

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  Devon Energy (DVN): The Boring Middle Nobody Wants to Own

  11 August 2026 · Tuesday Target 33/52

  Devon Energy (DVN) with the petroleum reserve at its floor: why energy options overprice drama and how a range trade collects from the standoff.
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  Korea (EWY): The Toll Booth After the Bypass Opens

  14 July 2026 · Tuesday Target 29/52

  Korea (EWY) as a toll collector losing traffic to the SK Hynix bypass, and why post-flush option premium looks rich to my models.

  What came of it: The Trade Alert on EWY closed on 31 July 2026, after 21 days, at +15% on the capital at risk.
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  MP Materials (MP): The Alibi Needs a Stockpile

  3 February 2026 · Tuesday Target 6/52

  How Project Vault and the AI alibi put a state floor under critical minerals, and what that does to the downside risk in MP Materials options.
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  China Internet (KWEB): The Floor Holds Until Tokyo Speaks

  2 December 2025 · Tuesday Target 49/52

  Why a Bank of Japan hike before Christmas outranks Black Friday records, and how a half-size KWEB put spread respects a floor built by flows.
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  Intuitive Machines (LUNR): The Yuan Leak Behind Bitcoin's Next Run

  19 February 2025 · Tuesday Target 8/52

  China's leaking yuan as the hidden engine behind Bitcoin's next run, plus why LUNR's returning noise suits a short premium play.

  What came of it: I closed this trade on 12 March 2025, after 22 days, at -73% on the capital at risk.