Author holds SPY Feb 2026 $730 calls expecting a melt-up driven by a Supreme Court tariff ruling and Jan 28 Fed/earnings catalysts.
Unpriced research observations (excluded from Calls and Returns):
SPY — LONG Author is long SPY via Feb 27 2026 $730 calls, expecting a melt-up as a Supreme Court ruling declares tariffs unconstitutional and injects $200 billion in corporate tax refunds into the S&P 500. A catalyst cluster on Jan 28 includes the Fed decision, Meta and Microsoft earnings, and this liquidity injection. Option returns would track the SPY underlying rather than the option's premium/P&L. ambiguous_option_contract
The Catalyst: A SCOTUS ruling declaring the tariffs unconstitutional.