Photonics is next.

Sold a cash-secured put on $AAOI (exp. 06/18) Premium collected: $505 With implied volatility at 183%, the credit was too good to ignore. Not financial advice.

Sold a cash-secured put on $AAOI (exp. 06/18) Premium collected: $505 With implied volatility at 183%, the credit was too good to ignore. Not financial advice.

Over 10% discount on $ASTS because of the SpaceX IPO, which fundamentally changes nothing for AST SpaceMobile.

Do you have this for RKLB?

$ASTS dipped today. Rolled my short puts up and out. New cost basis: $74 (2 contracts) Net credit collected: $10,186 💵 Waiting for the Q3 rebound. Looking at a potential $10K profit if it plays out. Not financial advice.

$NBIS $IREN High-IV names with strong fundamentals. Perfect for selling puts. We closed our short put positions last week. Iran deal uncertainty had us risk-off until the macro picture clears. Once clarity hits, we're back in. Weekly premiums on these two can pull a solid ~$2k in income. Not financial advice.

$SPCX IPO drops June 12. $1.75 trillion valuation. Largest IPO in history. The red flags are stacking up. Musk owns ~13% of Tesla (up to ~20% incl. options) and ~49% of SpaceX, while controlling ~84% of SpaceX votes post-IPO. SpaceX now drives more of his net worth than Tesla. In any stock-for-stock deal, the exchange ratio is everything, and the person setting it gains ~3.8x more from a $1 SpaceX markup than a $1 Tesla markup. The pattern is ugly: SolarCity got a premium bailout; Tesla disclosed a $2B xAI investment after shareholders had rejected it; SpaceX absorbed xAI weeks later; then Musk admitted xAI "was not built right." Three times out of three, the more-Musk-owned, weaker asset gets marked up, and public shareholders pay. Timing favors him too: Tesla just posted a 16% delivery drop and its first annual revenue decline, while SpaceX is riding IPO euphoria. If he wants a favorable ratio, this is the window. Valuation concerns: Morningstar values SpaceX at $63/share, 53% below the $135 IPO price. Even in their moonshot scenario ($154/share), they assign just a 7% probability. At $1.75T, SpaceX trades at 94x trailing revenue and 266x EBITDA. For context, that's 3x Nvidia's sales multiple. SpaceX posted an $18.7B revenue in 2025, but also a $4.94B net loss after reporting profit the year before. The reversal matters. Only Starlink is profitable. The space segment lost $619M; the AI unit burned $2.5B. SpaceX's S-1 states: "history of net losses and may not achieve profitability in the future." Much of the value relies on novel, untested tech, reusable Starship at scale, orbital data centers, which won't be proven until 2028 at the earliest. Sen. Warren urged the SEC to delay the IPO, citing governance risks, dual-class structure giving Musk outsized control, and rapid Nasdaq 100 inclusion that could force $60B in passive flows into retail and pension accounts. That said, the bull case is real. Starlink hit 10.3M subscribers, growing 50% YoY with $11.4B in revenue and 39% operating margin. That's SaaS-like profitability in a hardware business. The Anthropic-xAI compute deal: $1.25B/month through May 2029. Over $40B in locked revenue. Validates the xAI merger thesis in one contract. Nasdaq fast-entry rules mean SpaceX enters the Nasdaq 100 within weeks. Analysts estimate $7B in forced buying on inclusion day alone;$60B across passive funds. That creates a structural bid. Vertical integration moat: rocket manufacturing, satellite production, ground infrastructure, consumer services. No competitor replicates that in 5 years. 165 Falcon launches in 2025. 2,213 metric tons to orbit. Starship operational by 2027 in the bull case unlocks Mars missions, deep-space logistics, and cost curves no one else can match. If Starlink maintains growth and xAI delivers on orbital compute, the $1.75T valuation starts to pencil. The institutional base case is $1.0–1.2T, but the bull scenario reaches $1.7–2.0T. I subscribed for 100 shares. The risks are clear. The governance is messy. The valuation prices in perfection. But I want to be part of this mission. SpaceX is building the infrastructure for humanity's next frontier, whether that's global connectivity, AI in orbit, or eventual interplanetary commerce. Not every trade is about the cleanest setup. Some are about being there when the future gets built. Not financial advice.

Wheel Update: $ASTS Markets corrected today on the jobs report. Rate hike fears back in play. $ASTS plunged ~8% (high IV stock). We had 2 short puts open at a 108 cost basis (June 05, 112, 113 strikes). Rolled into July. Collected $5400 credit. 💵 Reduced cost basis to ~$93. ✅ Next move: Close for profit if it bounces. If not, take assignment and sell covered calls. This is what the Wheel does. You collect premium. You wait for your thesis. And get paid for just waiting. Sure, it won't give you the fake triple-digit returns the scammers brag about. But it builds real cash flow and hits double-digit returns year after year. That, my friend, is a gift in the world of investment management. $SPCX poses competition, but new government backing for space ventures should support the sector. $GS also reported north of $330B in revenue for $SPCX by 2030. At those numbers, one can naively expect a smaller piece of the pie is sufficient to boost this stock for the long term, not to mention potential synergies between $SPCX and $ASTS. But there's a weird risk on the table: will $ASTS face the same fate as $RIVN against $TSLA? Only time will tell. Not financial advice.

If I’m not mistaken, the Iran war ends on this date. Could this be the signal? Just 2 more days.