The income strategy most investors never touch, and the one decision that changes everything about how it pays.

August was supposed to be one of the market’s weakest months. Instead, the S&P 500 is sitting 3.5% higher. But a historically low VIX and a stalling SPY are echoing the exact setup that preceded January’s 10%+ correction.

A prime broker’s memo, a leaked legal pad, and a $35 billion warning nobody was supposed to see.

One stock just gapped 33% on earnings. Nate’s not chasing that one. He’s looking at the company sitting one step behind it, and running the math on what the move is actually worth to them.

The SpaceX crash short sellers braced for never showed up. Now the squeeze is spreading to the space names still heavily shorted, and earnings tonight could be the spark.

I sold puts at $75 back in June when SpaceX traded above $200. Eight more unlock dates are coming between now and next summer, and I’ll explain why naming a price beats guessing at a bottom.

SpaceX’s first earnings report and today’s 911-million-share lockup expiration have investors bracing for a rough stretch. But for short-term traders, a CapEx spending debate, a float that just doubled, and $25 billion in short interest are converging into one of the best trading windows SpaceX will ever offer.

I closed my SPCX position into the earnings reaction and went flat on purpose. The lockup hits tomorrow. The short float is already around 25%. Here’s what I’m waiting on before I do anything else.

Two days at the National Sports Collectors Convention, 900+ dealer tables, and a hobby growing faster than anyone expected. It all points toward an earnings trade that expires this week.

911.5 million shares hit the market August 6, and a third of some space names are already sold short.

How I trade microcaps…

I sent the chart out the day before.