🅰️LEC

$VELO has been reduced back to "tiny" as outlined I would be out of it completely on this move but some of my favorites I keep like a 0.1% allocation keep an eye on it

I bought $PL Commons. No options. I am going to treat it like $BE. Early leader in important space. I like the growth. I like the margins. I like the valuation comped to peers. I like the defense exposure. I like the runway. I want to own it long term. 🔹

This boat is called a “Log Bronc” and is used to move logs around in sawmill ponds

Exact Portfolio w/ Commons + Options Percentage Breakdown 2/21/26 YTD: ~ +25% (down from +46%) 1. $IBRX 2. $AMPX 3. $TE 4. $BE 5. $OSS 6. $LPTH 7. $ASTS As promised here is my bi-weekly portfolio update, given how things have gone I actually feel pretty good about where I stand here. We are down about 20% over the last 2 weeks, which is something I have previously said is very real and will happen if you invest the way that I do. The majority of my options are Jan 2027, with a few in July, so no concerns there yet. 🔹Three Takeaways on the Update🔹 1. Less Concentration up Top, But options allocation tells the story of conviction You will see that $TE and $AMPX are no longer dominating the portfolio. But they are my two largest options positions. Well…. They have been getting dragged the last few weeks and the positions naturally shrunk. I’ve swapped some commons to conservative long term options on both and deployed cash into options as well. I believe both prices are artificially depressed so taking the chance to get some cheap leverage. I did peel a little out of both commons to add more to $IBRX as well. 2. $IBRX is now a pretty huge position This naturally grew and I’ve added some here. The news has been consistent and bullish with approvals and new markets opening. Lung cancer drug approval looks likely internationally soon and with the FDA making efforts to reduce barriers to new drugs in the cancer realm it looks like they may be setting up for a pretty massive run. Biotech is transparently out of my lane/comfort zone but I’m likely going to write a report on this company in the coming days just for my own research purposes. I am done adding but wanted a full position. 3. I like the Diversification right now. Transparently I love that I am much more diversified right now (for my standards) Some of this was intentional building out $IBRX and $BE. I also added to $OSS and $LPTH when the fell over the past few weeks. All four of these positions have buoyed my portfolio with some huge days and being up over the last few weeks while my leaders fell. I don’t plan to intentionally re-consolidate into the $AMPX and $TE. I built huge, relatively conservative, options positions in both so frankly if the do what I think they will over the coming year the will naturally grow. If not then I was wrong and I dont need to add more. 🔹 I am however looking to raise cash the first real chance I get. 🔹 If we get a relief rally in the coming weeks I will be scraping some off the board across everything. The levels of uncertainty are pretty high and I’m certain there will be more big drawdowns. I need to have cash for this and I probably need to be aggressive in pulling it. Again, I think if you’re taking someone’s advice you should see how they perform. Hope this is helpful. 🔹

Venezuela, Iran, Cuba, Greenland, Panama…it’s all interconnected and it all points to China. As U.S. energy ramps up, and China is deprived of subsidized oil, subsidized shipping channels, freedom of navigation through sovereign waters and allies that can cause the U.S. problems…their global position diminishes substantially and their costs of doing business skyrocket. Venezuela and Iran account for something like 20% of China’s oil imports and they’re getting an insane deal on it. China has a huge problem if that oil goes away. You’d be forgiven for thinking Trump’s foreign policy seems random and chaotic, but it’s actually one of the most focused and (thus far) well executed foreign policies in at least 2 generations.