SPY
FreeBreadth is repairing under the surface
Equal-weight has stopped underperforming, and that usually leads.
SPY22 Jul· 4 min
Dana Cho Verified
6 notes · 32 subscribers · publishing since May 2026
Market internals over narratives. Breadth, factor rotation, and where the index is fragile.
Get more from Dana
Live calls, the full archive and the subscriber room from $19/month
Latest note
Notes
6VIX
FreeVol term structure is unusually flat
Flat term structure into a known catalyst is a setup, not a warning.
VIX17 Jul· 4 min
The IWM level that decides the trend
Subscribers get the full thesis, the levels, and my positioning on IWM. Subscribe to read on.
IWM18 May· 8 min
Why I'm fading this IWM rally
The melt-up is running on thin participation, which rarely ends cleanly.
IWM23 Apr· 10 min
QQQ: the rotation under the surface
Index strength is masking deteriorating breadth — fewer names are doing the work.
QQQ20 Apr· 4 min
The QQQ level that decides the trend
The melt-up is running on thin participation, which rarely ends cleanly.
QQQ7 Apr· 7 min
Membership
Free follower$0
- Public notes in your feed
- New-post notifications
- The verified track record
Free posts land in your feed either way.
Subscriber
Every note in full, plus the archive
Live calls — entry, conviction, exit
Subscriber room & comments
- Live calls
- 2
- Closed · 30d
- 7
- Posts · 30d
- 2
Cancel anytime. Free posts stay free either way.
$19 / month
Billed monthly. Switch or cancel anytime.
Nothing charged until day 4. Cancel anytime during the trial.
Immediate access · refundable within 14 days · Terms
Track Record
VerifiedLast 30 Days · Shares-18.0%
Cumulative Return · 6 Closed
50%
Win Rate
+4.3%
Best Call
9d
Average Hold
100
Closed Calls · 7 in 30 Days
JPM Short
$152.23 → $162.23 · Jul 7 – Jul 20 · 13d Hold
-6.6%
AVGO Long
$193.17 → $176.02 · Jul 8 – Jul 19 · 11d Hold
-8.9%
MSFT Long
$223.13 → $197.74 · Jul 6 – Jul 13 · 7d Hold
-11.4%
S&P 500 (SPY) Long
$742.10 → $748.60 · Jul 8 – Jul 11 · 3d Hold
+0.9%
Gold (GLD) Long
$219.92 → $227.38 · Jun 27 – Jul 10 · 13d Hold
+3.4%
NVDA Short
$307.78 → $294.70 · Jun 28 – Jul 7 · 9d Hold
+4.3%
AMD Put $76.09
$13.95 → $14.13 · Jun 20 – Jul 2 · 12d Hold · exp Jul 9
+1.3%
Live Calls Are Subscriber-Only
The verified record above is public. Subscribe to see live calls as they open — entry, conviction, settlement, and the full thesis.
OptionsModeled
+1.3%
Avg Modeled Return · 1 Closed
100%
Win Rate
+1.3%
Best Call
12d
Average Hold
0%
Each bar is one closed option call's modeled return, oldest to newest. Premiums are modeled with Black-Scholes from the live underlying + its historical volatility, and settle at intrinsic value on expiry — a consistent estimate, not exact traded fills.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Figures are computed automatically from third-party market data and may contain errors; option figures are modeled, not traded fills. Past performance is not a reliable indicator of future results.