Mathematical Money | August 23, 2026 Meta has had a rough fortnight. A federal trial got underway in California over claims tied to Facebook and Instagram, with damages talked about in the region of $1.4 trillion. Add the Q2 spending profile — the AI capex number spooked plenty of people — and the stock did what stocks do when the headline has "trillion" and "trial" in the same sentence. It fell to $568.97 on the 17th, then $546.01 by Thursday, and closed Friday at $549.90. That's about 30% off its 52-week high. If you're holding Meta, that's not a fun chart to open. I get it. I bought more. What I actually did I'd been running a put ratio on Meta. Long 4 puts at $560, short 8 at $550. The long puts are protection — they cover me between the strikes if it drops. Then it dropped, and those

$Oracle(ORCL)$ Aasigned to sell 300 shares at 135

$META 20260911 650.0 CALL$ Opening the short leg to make it a calendar spread 

$COIN 20260911 230.0 CALL$ Covered call for pmcc

$MARA 20260911 10.0 PUT$ Glory

$IBIT CALENDAR 270617/260831 CALL 43.0/CALL 43.0$ Taking profits 

Most people meet options by buying one. It expires worthless, and that is the end of the story. Somebody was on the other side of that contract. That side is not a trade in the usual sense — it is closer to writing a policy. You accept an obligation, you get paid up front, and then you carry it. On Wednesday 26 August I am speaking at Tiger Brokers' Singapore office about what that actually involves. What I will cover: - The wheel, worked end to end with round numbers: cash-secured puts through to covered calls, and what actually happens when you get assigned - Diagonal call spreads as a lower-capital alternative — and why lower capital means leverage, not a free lunch - Where the carry genuinely comes from, and why time decay is only part of the answer - The honest shape of a premium-sell

$MARA 20260918 15.0 CALL$ Covered call

$META 20270917 650.0 CALL$ New leaps for meta

$COIN 20271217 150.0 CALL$ Adding position

$MARA 20260828 9.5 PUT$ Shifting over from another account 

$MARA 20260821 9.0 PUT$ Shifting positions over.

$MARA 20260911 12.0 CALL$ Covered call

$MARA 20260911 12.0 CALL$ Covered call

$IBIT 20260821 36.0 PUT$ Take profit 

$IBIT 20260821 35.0 PUT$ Take profit 

$COIN 20271217 150.0 CALL$ Positioning myself for the squeeze. Not sure upwards or downwards. Let it be.

$SpaceX(SPCX)$ Shifting positions from another account 

$MARA 20260821 9.0 PUT$ Shifting positions over from another account. Not new positions so pls dont follow. 

$META 20260911 560.0 PUT$ Closing the long put. Riding the sell put