2025 ended up being a pretty great year!
47% return for $6,800,000
A decent amount of gains are from selling options, and some great gains on being heavy long on RDDT and GOOG with shares and calls).
All in all, I typically have around 30 unique tickers and about 150 positions open at any given time. Those positions can be relatively small, up to hundreds of contracts.
Yes, lots of people had better returns in 2025. I’m trying to thread the needle of aggressive returns with sizable hedges.
With the market going up for 8 months straight, my hedges hurt quite a bit. But should a black swan event have occurred, or the market switched to bear mode, I would have done pretty well (especially compared to the market).
Here’s to 2026 being a good one as well!