The Samwise Portfolio

Stark Portfolio

The Stark Portfolio, like all other Samwise Portfolios, is published for illustrative purposes. The portfolio was launched on January 1, 2025 in anticipation of a market correction. The Stark Portfolio serves as a model or an example of how to execute the Samwise Strategy generally, and the Stark Portfolio Strategy more specifically. The Stark Portfolio is an option-based portfolio which makes it inherently more risky than the typical or average portfolio. The Frey Portfolio, launched alongside the Stark Portfolio, is a more conservative common-stock version of Stark and a more appropriate educational tool for the average, less experienced investor.

overview

targaryen

Ticker	Position	Average Price	Current Price	Qty	Cost Basis	Market Value	P/L
QQQ June 17, 2027 $600 Calls	LONG	$99.42	$152.25	2	$19,884.00	$30,450.00	$10,566.00 (+53.14%)
QQQ Jan. 21, 2028 $550 Calls	LONG	$99.21	$215.00	2	$19,842.00	$43,000.00	$23,158.00 (+116.71%)
QQQ Mar. 19, 2026 $650 Puts	LONG	$26.09	$15.80	7	$18,263.00	$11,060.00	-$7,203.00 (-39.44%)
QQQ Mar. 19, 2027 $700 Puts	LONG	$24.30	$28.15	3	$7,290.00	$8,445.00	$1,155.00 (+15.84%)
MSFT Jan. 21, 2028 $400 Calls	LONG	$57.70	$169.49	1	$5,770.00	$16,949.00	$11,179.00 (+193.74%)
MSFT Jan. 15, 2027 $500 Puts	LONG	$15.90	$14.91	1	$1,590.00	$1,491.00	-$99.00 (-6.23%)
MSFT Jan. 15, 2027 $600 Calls	SHORT	$10.90	$8.30	1	-$1,090.00	-$830.00	$260.00 (+23.85%)
MU Jan. 15, 2027 $1,100 Calls	LONG	$95.90	$33.25	2	$19,180.00	$6,650.00	-$12,530.00 (-65.33%)
MU Jan. 15, 2027 $1,200 Calls	SHORT	$78.90	$19.50	2	-$15,780.00	-$3,900.00	$11,880.00 (+75.29%)
SNDK Mar. 19, 2027 $1900 Calls	LONG	$100.51	$94.63	8	$80,408.00	$75,704.00	-$4,704.00 (-5.85%)
SNDK Mar. 19, 2027 $2000 Calls	SHORT	$84.61	$71.00	8	-$67,688.00	-$56,800.00	$10,888.00 (+16.09%)
QQQ Jan. 21, 2028 $700 Calls	LONG	$104.50	$106.05	2	$20,900.00	$21,210.00	$310.00 (+1.48%)
CASH	–	–	–	–	-$8,569.00	$6,578.00	$15,147.00 (+176.77%)
Totals:	–	–	–	–	$100,000.00	$160,007.00	$60,007.00 (+60.01%)

Stark Portfolio Order History

Stark Trades

1. Buy NVDL @ $61.60 x 210 Shares at 9:45 AM EST on January 13, 2025.
2. Buy to Open NASDAQ-100 (QQQ) January 2027 $500.00 Calls @ $84.20 x 3 Contracts at 9:47 AM EST on January 13, 2025.
3. Buy to Open Apple Inc., (AAPL) January 2027 $200.00 Calls @ $51.60 x 3 Contracts at 10:50 AM EST on January 21, 2025.
4. Buy NVDL @ $50.00 x 120 Shares at 11:50 AM EST on January 27, 2025.
5. Buy to Open NASDAQ-100 (QQQ) January 2026 $500.00 Puts @ $23.87 x 2 Contracts at 12:56 PM EST on February 6, 2025.
6. Buy to Open NASDAQ-100 (QQQ) January 2027 $500 calls @ $63.40 x 4 Contract made at 10:30 AM EST on March 10, 2025
7. Buy to Open NVDL @ $37.75 x 160 Shares made at 10:31 AM EST on March 10, 2025
8. Sell to Close QQQ Jan 2026 $500 Puts @ $84.00 x 2 Contracts made at 11:55 AM EST on April 7, 2025
9. Buy to Open QQQ JUNE 2027 $400 calls @ $86 x 2 Contracts made at 12:29 PM EST on April 7, 2025
10. Buy Long NVDL @$28.00 x 134 Shares made at 1:08 PM EST on April 7, 2025
11. Sell to Close QQQ Jan 2027 $500 calls @ $52 x 2 Contracts made at 3:38 PM EST on April 14, 2025
12. Sell to Close NVDL @ $37.25 x 24 Shares made at 3:40 PM EST on April 14, 2025
13. Buy to open NASDAQ-100 (QQQ) Mar 2026 $400 Puts @ $18.40 x 6 contracts made at 12:31 PM EST on April 15, 2025
14. Sell to Open QQQ Sep 19, 2025 $520 Calls @ $16.35 x 1 contract made at 10:59 AM EST on May 1, 2025
15. Buy to Open QQQ March 2026 $400 Puts @ $14.07 x 1 contract made at 11:00 AM EST on May 1, 2025
16. Sell to Open NASDAQ-100 (QQQ) Sep 19, 2025 $540 Calls @ $19.55 x 6 Contracts made at 11:34 AM EST on May 21, 2025
17. Sell to Open NVDL September 19, 2025 $60 Calls @ $8.00 x 6 contracts made at 1:31 PM EST on May 28, 2025
18. Buy to Open Nvidia (NVDA) September 19, 2025 $140 Puts @ $11.50 x 1 Contracts made at 11:57 AM EST on June 3, 2025
19. Buy to Open QQQ June 2026 $500 Puts @ $24.90 x 3 Contracts made at 2:43 PM EST on June 24, 2025.
20. Sell to close NVDL @ $66.85 x 300 Shares made at 1:22 PM EST on June 25, 2025.
21. Buy to Close NVDL Sep 2025 $60 Calls @ $13.58 x 3 Contracts made at 1:21 PM EST on June 25, 2025.
22. Buy to Open QQQ June 2026 $500 Puts @ $22.80 x 3 contracts made at 12:00 PM EST on June 27, 2025.
23. Sell to Close NVLD @ $71.64 x 300 Shares made at 12:07 PM EST on July 3, 2025.
24. Buy to Close NVLD September 19, 2025 $60 Calls @ $16.90 x 3 Contracts made at 12:06 PM EST on July 3, 2025.
25. Buy to Open QQQ Sep 30, 2025 $530-$520 Put-Spread @ $1.30 x 33 Contracts made at 1:07 PM EST on July 21, 2025.
26. Sell to Close Apple (AAPL) Jan 2027 $200 Calls @ $52.10 x 3 Contracts made at 2:17 PM EST on August 8, 2025.
27. Buy to Open NASDAQ-100 (QQQ) October 17, 2025 $550-$540 Put-Spread @ $1.50 x 30 Contracts made at 11:20 AM EST on August 12, 2025.
28. Buy to Open QQQ October 31, 2025 $550-$540 Put-Spread @ $1.22 x 31 Contracts made at 10:52 AM EST on September 11, 2025.
29. Buy to Open QQQ September 18, 2026 $500 Puts @ $16.10 x 5 Contracts made at 2:41 PM EST on September 19, 2025.
30. Sell to Close QQQ June 2027 $400 Calls @ $231.70 x 2 Contracts made at 2:41 PM EST on September 19, 2025.
31. Sell to Close QQQ Jan 2027 $500 Call @ $139.50 x 5 Contracts made at 2:41 PM EST on September 19, 2025.
32. Buy to Close QQQ Sep 19, 2025 $540 Calls @ $58.50 x 6 Contracts made at 2:41 PM EST on September 19, 2025.
33. Buy to Close QQQ Sep 19, 2025 $520 Calls @ $78.67 x 1 Contracts made at 2:40 PM EST on September 19, 2025.
34. Sell to Close Nvidia (NVDA) September 19, 2025 $140 Puts @ $0.00 x 1 Contract (options expired on September 19, 2025).
35. Sell to Close Nvidia (NVDA) September 19, 2025 $140 Puts @ $0.00 x 1 Contract (options expired on September 19, 2025).
36. Buy to Open November 21, 2025 $560-$550 Put-Spread @ $1.10 x 32 Contracts made at 2:11 PM EST on October 1, 2025.
37. Buy to Open QQQ September 2026 $500 Puts @ $15.55 x 8 Contracts made at 10:11 AM EST on October 20, 2025.
38. Buy to Open QQQ September 2026 $500 Puts @ $15.55 x 8 Contracts made at 10:11 AM EST on October 20, 2025.
39. Buy to Open QQQ September 2025 $500 Puts @ $12.95 x 8 Contracts made at 1:11 PM EST on October 28, 2025.
40. Sell to Close QQQ November 21, 2025 $560-$550 Put-spread @ $0.31 x 32 Contracts made at 1:31 PM EST on November 4, 2025.
41. Sell to Close QQQ September 2026 $500 Puts @ $18.30 x 10 Contracts made at 11:14 AM EST on November 7, 2025.
42. Buy to Open QQQ Sep $500 Puts @ $14.35 x 10 Contracts made at 2:37 PM EST on November 10, 2025.
43. Sell to Close QQQ Sep 2026 $500 Puts @ $18.00 x 5 Contracts made at 2:50 PM EST on November 17, 2025.
44. Buy to Open QQQ June 2027 $600 Calls @ $79 x 5 Contracts made at 3:30 PM EST on November 20, 2025.
45. Sell to Close QQQ June 2026 $500 Puts at $15.50 x 6 Contracts made at 2:50 PM EST on November 20, 2025.
46. Buy to Open QQQ Sep $600 Puts @ $11.60 x 5 Contracts made at 3:10 PM EST on December 10, 2025.
47. Buy to Open QQQ June 2027 $600 Calls @ $91.72 x 1 Contracts made at 3:24 PM EST on December 12, 2025.
48. Buy to Open QQQ September 18, 2026 $570 Puts @ $19.35 x 3 Contracts made at 11:40 AM EST on January 27, 2026.
49. Buy to Open QQQ June 2027 $600 Calls @ $72.00 x 2 Contracts made at 1:20 PM EST on March 19, 2026.
50. Buy to Open MSFT June 2027 $400 Leaps @ $53.70 x 2 Contracts made at 11:18 AM EST on March 20, 2026.
51. Sell to Close QQQ Sep $500 Puts @ $15.17 x 6 Contracts made at 10:16 AM EST on March 20, 2026.
52. Buy to Open MSFT Jan 2028 $400 Calls @ $62.00 x 1 Contracts made at 1:37 PM EST on March 24, 2026.
53. Sell to Close QQQ Mar 2026 $400 Puts @ $0.00 x 7 Contracts [Expired Hedge; recorded March 25, 2026].
54. Sell to Close QQQ Sep $500 Puts @ $16.35 x 4 Contracts made at 2:32 PM EST on March 26, 2026.
55. Buy to Open MSFT Jan 2028 $400 Calls @ $59.50 x 1 Contracts made at 1:59 PM EST on March 26, 2026.
56. Buy to Open QQQ Jan 2028 $550 Calls @ $102.25 x 1 Contracts made at 3:37 PM EST on March 27, 2026.
57. Sell to Close QQQ Sep $500 Puts @ $18.00 x 5 Contracts made at 11:14 AM EST on March 27, 2026.
58. Buy to Open QQQ Jan 2028 $550 Calls @ $97.70 x 2 Contracts made at 3:25 PM EST on March 30, 2026.
59. Sell to Close QQQ Sep $500 Puts @ $20.00 x 3 Contracts made at 3:05 PM EST on March 30, 2026.
60. Buy to Open QQQ Sep $600 Puts @ $39.55 x 2 Contract made at 1:14 PM EST on April 1, 2026.
61. Sell to Close QQQ Jan 2028 $550 Calls @ $116.23 x 1 Contract made at 11:15 AM EST on April 1, 2026.
62. Sell to Close QQQ June 2027 $600 Calls @ $80.80 x 1 Contracts made at 1:33 PM EST on April 9, 2026.
63. Buy to Open QQQ Sep 2026 $600 Puts @ $27.00 x 4 Contracts made at 11:05 AM EST on April 10, 2026.
64. Buy to Open QQQ Sep 2026 $600 Puts @ $21.65 x 6 Contracts made at 1:55 PM EST on April 14, 2026.
65. Sell to Close QQQ June 2027 $600 Calls @ $92.55 x 1 Contract made at 1:41 PM EST on April 14, 2026.
66. Buy to Open QQQ Sep 2026 $600 Puts @ $22.35 x 4 Contracts made at 11:29 AM EST on April 14, 2026.
67. Sell to Close MSFT June 2027 $400 Calls @ $57.70 x 2 Contracts made at 10:26 AM EST on April 14, 2026.
68. Buy to Open QQQ Sep 2026 $600 Puts @ $20.10 x 6 Contracts made at 12:39 PM EST on April 16, 2026.
69. Sell to Close QQQ June 2027 $600 Calls @ $104.50 x 1 Contracts made at 12:36 PM EST on April 16, 2026.
70. Buy to Open QQQ Sep 2026 $600 Puts @ $17.50 x 6 Contract made at 10:29 AM EST on April 21, 2026.
71. Sell to Close QQQ June 2027 $600 Calls @ $110.00 x 1 Contract made at 10:29 AM EST on April 21, 2026.
72. Buy to Open QQQ Sep 2026 $600 Puts @ $15.60 x 6 Contracts made at 12:01 PM EST on April 24, 2026.
73. Sell to Close QQQ June 2027 $600 Calls @ $120.65 x 1 Contract made at 11:57 AM EST on April 24, 2026.
74. Buy to Open QQQ Sep 2026 $600 Puts @ $12.00 x 10 Contract made at 11:06 AM EST on May 5, 2026.
75. Sell to Close QQQ June 2027 $600 Calls @ $135.00 x 1 Contract made at 11:06 AM EST on May 5, 2026.
76. Buy to Open QQQ Sep 2026 $600 Puts @ $10.10 x 15 Contracts made at 10:38 AM EST on May 7, 2026.
77. Sell to Close QQQ June 2027 $600 Calls @ $150.00 x 1 Contracts made at 10:22 AM EST on May 7, 2026.
78. Sell to Close QQQ Sep 2026 $600 Puts @ $9.85 x 14 Contracts made at 2:52 PM EST on May 18, 2026.
79. Sell to Close QQQ Sep $600 puts @ $10.00 x 15 Contracts made at 10:18 AM EST on May 19, 2026.
80. Buy to Open QQQ June 2027 $700 Calls @ $93.90 x 1 Contracts made at 3:05 PM EST on June 5, 2026.
81. Sell to Close QQQ Sep $500 Puts @ $3.55 x 3 Contracts made at 12:24 PM EST on June 9, 2026.
82. Sell to Close QQQ Sep $570 Puts @ $8.30 x 3 Contracts made at 12:21 PM EST on June 9, 2026.
83. Sell to Close QQQ Sep $600 Puts @ $11.20 x 15 Contracts made at 12:16 PM EST on June 9, 2026.
84. Buy to Open QQQ October 2026 $700 Puts @ $23.25 x 3 Contracts made at 11:33 AM EST on June 15, 2026.
85. Buy to Open MSFT Jan 2028 $400 Calls @ $54.65 x 2 Contracts made at 1:18 PM EST on June 25, 2026.
86. Sell to Close MSFT Jan 2028 $400 Calls @ $72.00 x 2 Contracts made at 10:37 AM EST on July 1, 2026.
87. Sell to Close QQQ Sep 2026 $500 Puts @ $6.00 x 15 Contracts made at 11:08 AM EST on July 23, 2026.
88. Buy to Open TSLA Jan 2027 $300 calls @ $48.75 x 1 Contracts made at 11:08 AM EST on July 24, 2026.
89. Buy to Open TSLA Jan 2027 $300 Calls @ $42.40 x 1 Contract made at 12:25 PM EST on July 29, 2026.
90. Buy to Open QQQ June 2027 $600 Calls @ $120.00 x 1 Contracts made at 12:11 PM EST on July 29, 2026.
91. Buy to Open MU Jan 2027 $1100 – $1200 Call-Spread @ $17.00 x 2 Contracts made at 12:05 PM EST on July 29, 2026.
92. Buy to Open QQQ Mar 2027 $650 Puts @ $29.20 x 4 Contracts made at 3:00 PM EST on August 3, 2026.
93. Sell to Close MSFT Jan 2028 $400 Calls @ $141.22 x 1 Contracts made at 2:31 PM EST on August 3, 2026.
94. Sell to Close TSLA Jan 2027 $300 Calls @ $57.40 x 2 Contracts made at 12:07 PM EST on August 4, 2026.
95. Buy to Open Google Jan 2027 $350 Calls @ $28.70 x 3 Contracts made at 12:50 PM EST on August 12, 2026.
96. Buy to Open QQQ Mar 19, 2027 $650 Puts @ $21.95 x 3 Contracts made at 12:23 PM EST on August 12, 2026.
97. Sell to Close Oct 16, 2026 $700 Puts @ $14.60 x 3 Contracts made at 12:21 PM EST on August 12, 2026.
98. Buy to Open AVGO June 2027 $400 Calls @ $52.35 x 1 Contracts made at 1:22 PM EST on August 20, 2026.
99. Sell to Close AVGO June 2027 $400 Calls @ $55.00 x 1 Contracts made at 2:32 PM EST on August 31, 2026.
100. Sell to Close Google Jan 2027 $350 Calls @ $27.25 x 3 Contracts made at 1:14 PM EST on September 14, 2026.
101. Buy to Open NVDA Mar 2027 $210 Calls @ $26.00 x 3 Contracts made at 11:25 AM EST on September 14, 2026.
102. Sell to Close NVDA Mar 19, 2027 $210 Calls @ $30.45 x 3 Contracts made at 12:01 PM EST on September 18, 2026.
103. Buy to Open QQQ March 19, 2027 $700 Puts @ $24.30 x 3 Contracts made at 12:15 PM EST on September 21, 2026.
104. Sell to Close June 17, 2027 $700 Calls @ $98.00 x 1 Contracts made at 12:26 PM EST on September 22, 2026.
105. Buy to Open MSFT Jan 2027 $500 Puts @ $15.90 x 1 Contracts made at 1:03 PM EST on October 6, 2026.
106. Sell to Open MSFT Jan 2027 $600 Calls @ $10.90 x 1 Contracts made at 12:47 PM EST on October 6, 2026.
107. Buy to Open SNDK March 19, 2027 $1900 Calls @ $121.70 x 4 Contracts made at 11:07 AM EDT on October 12, 2026
108. Sell to Open SNDK March 19, 2027 $2000 Calls @ $102.90 x 4 Contracts made at 11:07 AM EDT on October 12, 2026
109. Buy to Open QQQ January 21, 2028 $700 Calls @ $104.50 x 2 Contracts made at 9:55 AM EDT on October 15, 2026
110. Buy to Open SNDK March 19, 2027 $1900 Calls @ $79.31 x 4 Contracts made at 2:40 PM EDT on October 16, 2026
111. Sell to Open SNDK March 19, 2027 $2000 Calls @ $66.31 x 4 Contracts made at 2:40 PM EDT on October 16, 2026

Stark Portfolio Completed Trades

Stark Portfolio Completed Trades

Trade 1: NVDL Shares (January 13 – July 3, 2025)
Buy to Open NVDL @ $46.04 x 624 Shares (Weighted Average)
Sell to Close NVDL @ $68.01 x 624 Shares (Weighted Average)
Profit/Loss: +$13,713.00 (+47.73%)

Trade 2: QQQ January 2026 $500 Puts (February 6 – April 7, 2025)
Buy to Open QQQ Jan 2026 $500 Puts @ $23.87 x 2 Contracts
Sell to Close QQQ Jan 2026 $500 Puts @ $84.00 x 2 Contracts
Profit/Loss: +$12,026.00 (+251.91%)

Trade 3: AAPL January 2027 $200 Calls (January 21 – August 8, 2025)
Buy to Open AAPL Jan 2027 $200 Calls @ $51.60 x 3 Contracts
Sell to Close AAPL Jan 2027 $200 Calls @ $52.10 x 3 Contracts
Profit/Loss: +$150.00 (+0.97%)

Trade 4: QQQ January 2027 $500 Calls (January 13 – September 19, 2025)
Buy to Open QQQ Jan 2027 $500 Calls @ $72.31 x 7 Contracts (Weighted Average)
Sell to Close QQQ Jan 2027 $500 Calls @ $114.50 x 7 Contracts (Weighted Average)
Profit/Loss: +$29,530.00 (+58.34%)

Trade 5: QQQ June 2027 $400 Calls (April 7 – September 19, 2025)
Buy to Open QQQ June 2027 $400 Calls @ $86.00 x 2 Contracts
Sell to Close QQQ June 2027 $400 Calls @ $231.70 x 2 Contracts
Profit/Loss: +$29,140.00 (+169.42%)

Trade 6: QQQ March 2026 $400 Puts (April 15, 2025 – March 25, 2026)
Buy to Open QQQ Mar 2026 $400 Puts @ $17.78 x 7 Contracts (Weighted Average)
Sell to Close QQQ Mar 2026 $400 Puts @ $0.00 x 7 Contracts (Expired)
Profit/Loss: -$12,447.00 (-100.00%)

Trade 7: QQQ September 2025 $520 Covered Calls (May 1 – September 19, 2025)
Sell to Open QQQ Sep 2025 $520 Calls @ $16.35 x 1 Contract
Buy to Close QQQ Sep 2025 $520 Calls @ $78.67 x 1 Contract
Profit/Loss: -$6,232.00 (-381.16%)

Trade 8: QQQ September 2025 $540 Covered Calls (May 21 – September 19, 2025)
Sell to Open QQQ Sep 2025 $540 Calls @ $19.55 x 6 Contracts
Buy to Close QQQ Sep 2025 $540 Calls @ $58.50 x 6 Contracts
Profit/Loss: -$23,370.00 (-199.23%)

Trade 9: NVDL September 2025 $60 Covered Calls (May 28 – July 3, 2025)
Sell to Open NVDL Sep 2025 $60 Calls @ $8.00 x 6 Contracts
Buy to Close NVDL Sep 2025 $60 Calls @ $13.58 x 3 Contracts
Buy to Close NVDL Sep 2025 $60 Calls @ $16.90 x 3 Contracts
Profit/Loss: -$4,344.00 (-90.50%)

Trade 10: NVDA September 2025 $140 Puts (June 3 – September 19, 2025)
Buy to Open NVDA Sep 2025 $140 Puts @ $11.50 x 1 Contract
Sell to Close NVDA Sep 2025 $140 Puts @ $0.00 x 1 Contract (Expired)
Profit/Loss: -$1,150.00 (-100.00%)

Trade 11: QQQ June 2026 $500 Puts (June 24 – November 20, 2025)
Buy to Open QQQ June 2026 $500 Puts @ $23.85 x 6 Contracts (Weighted Average)
Sell to Close QQQ June 2026 $500 Puts @ $15.50 x 6 Contracts
Profit/Loss: -$5,010.00 (-35.01%)

Trade 12: QQQ September 2025 $530-$520 Put Spread (July 21 – September 30, 2025)
Buy to Open QQQ Sep 30, 2025 $530-$520 Put Spread @ $1.30 x 33 Contracts
Sell to Close QQQ Sep 30, 2025 $530-$520 Put Spread @ $0.00 x 33 Contracts (Expired)
Profit/Loss: -$4,290.00 (-100.00%)

Trade 13: QQQ October 2025 $550-$540 Put Spread (August 12 – October 17, 2025)
Buy to Open QQQ Oct 17, 2025 $550-$540 Put Spread @ $1.50 x 30 Contracts
Sell to Close QQQ Oct 17, 2025 $550-$540 Put Spread @ $0.00 x 30 Contracts (Expired)
Profit/Loss: -$4,500.00 (-100.00%)

Trade 14: QQQ October 2025 $550-$540 Put Spread (September 11 – October 31, 2025)
Buy to Open QQQ Oct 31, 2025 $550-$540 Put Spread @ $1.22 x 31 Contracts
Sell to Close QQQ Oct 31, 2025 $550-$540 Put Spread @ $0.00 x 31 Contracts (Expired)
Profit/Loss: -$3,782.00 (-100.00%)

Trade 15: QQQ November 2025 $560-$550 Put Spread (October 1 – November 4, 2025)
Buy to Open QQQ Nov 21, 2025 $560-$550 Put Spread @ $1.10 x 32 Contracts
Sell to Close QQQ Nov 21, 2025 $560-$550 Put Spread @ $0.31 x 32 Contracts
Profit/Loss: -$2,528.00 (-71.82%)

Trade 16: QQQ September 2026 $500 Puts (September 19, 2025 – June 9, 2026)
Buy to Open QQQ Sep 2026 $500 Puts @ $14.33 x 36 Contracts (Weighted Average)
Sell to Close QQQ Sep 2026 $500 Puts @ $16.55 x 36 Contracts (Weighted Average)
Profit/Loss: +$8,007.00 (+15.52%)

Trade 17: QQQ September 2026 $570 Puts (January 27 – June 9, 2026)
Buy to Open QQQ Sep 2026 $570 Puts @ $19.35 x 3 Contracts
Sell to Close QQQ Sep 2026 $570 Puts @ $8.30 x 3 Contracts
Profit/Loss: -$3,315.00 (-57.11%)

Trade 18: QQQ September 2026 $600 Puts (April 1 – July 23, 2026)
Buy to Open QQQ Sep 2026 $600 Puts @ $17.14 x 59 Contracts (Weighted Average)
Sell to Close QQQ Sep 2026 $600 Puts @ $9.49 x 59 Contracts (Weighted Average)
Profit/Loss: -$45,120.00 (-44.61%)

Trade 19: MSFT June 2027 $400 Calls (March 20 – April 14, 2026)
Buy to Open MSFT June 2027 $400 Calls @ $53.70 x 2 Contracts
Sell to Close MSFT June 2027 $400 Calls @ $57.70 x 2 Contracts
Profit/Loss: +$800.00 (+7.45%)

Trade 20: QQQ October 2026 $700 Puts (June 15 – August 12, 2026)
Buy to Open QQQ Oct 2026 $700 Puts @ $23.25 x 3 Contracts
Sell to Close QQQ Oct 2026 $700 Puts @ $14.60 x 3 Contracts
Profit/Loss: -$2,595.00 (-37.20%)

Trade 21: TSLA January 2027 $300 Calls (July 24 – August 4, 2026)
Buy to Open TSLA Jan 2027 $300 Calls @ $45.58 x 2 Contracts (Weighted Average)
Sell to Close TSLA Jan 2027 $300 Calls @ $57.40 x 2 Contracts
Profit/Loss: +$2,365.00 (+25.94%)

Trade 22: AVGO June 2027 $400 Calls (August 20 – August 31, 2026)
Buy to Open AVGO June 2027 $400 Calls @ $52.35 x 1 Contract
Sell to Close AVGO June 2027 $400 Calls @ $55.00 x 1 Contract
Profit/Loss: +$265.00 (+5.06%)

Trade 23: Google January 2027 $350 Calls (August 12 – September 14, 2026)
Buy to Open Google Jan 2027 $350 Calls @ $28.70 x 3 Contracts
Sell to Close Google Jan 2027 $350 Calls @ $27.25 x 3 Contracts
Profit/Loss: -$435.00 (-5.05%)

Trade 24: NVDA March 2027 $210 Calls (September 14 – September 18, 2026)
Buy to Open NVDA Mar 2027 $210 Calls @ $26.00 x 3 Contracts
Sell to Close NVDA Mar 2027 $210 Calls @ $30.45 x 3 Contracts
Profit/Loss: +$1,335.00 (+17.12%)

Trade 25: QQQ June 2027 $700 Calls (June 5 – September 22, 2026)
Buy to Open QQQ June 2027 $700 Calls @ $93.90 x 1 Contract
Sell to Close QQQ June 2027 $700 Calls @ $98.00 x 1 Contract
Profit/Loss: +$410.00 (+4.37%)

Trade 26: QQQ June 2027 $600 Calls — Partial Close (November 20, 2025 – May 7, 2026)
Buy to Open QQQ June 2027 $600 Calls @ $78.84 x 7 Contracts (Allocated Basis)
Sell to Close QQQ June 2027 $600 Calls @ $113.36 x 7 Contracts (Weighted Average)
Profit/Loss: +$24,162.00 (+43.78%)

Trade 27: MSFT January 2028 $400 Calls — Partial Close (March 24 – August 3, 2026)
Buy to Open MSFT Jan 2028 $400 Calls @ $56.03 x 3 Contracts (Allocated Basis)
Sell to Close MSFT Jan 2028 $400 Calls @ $93.41 x 3 Contracts (Weighted Average)
Profit/Loss: +$11,212.00 (+66.70%)

Trade 28: QQQ January 2028 $550 Calls — Partial Close (March 27 – April 1, 2026)
Buy to Open QQQ Jan 2028 $550 Calls @ $99.23 x 1 Contract (Allocated Basis)
Sell to Close QQQ Jan 2028 $550 Calls @ $116.23 x 1 Contract
Profit/Loss: +$1,700.00 (+17.13%)

Total Realized Profit: +$15,697.00 (+15.70%)

Stark Portfolio Trades

Stark Trades

⚠ Disclaimer: The Samwise Portfolios are for educational and informational purposes only and does not constitute financial advice. All investments involve risk, and there is no guarantee of profit or protection against loss. Past performance does not indicate future results. Always conduct your own research and consult with a licensed financial professional before making investment decisions.

Stark Portfolio Strategy (100% Return Objective)

The Stark Portfolio is a long-term options strategy that invests in 2-year+ expiring leap options with the goal of using high internal leverage to minimize risk and maximize returns. The foundation of the Stark Portfolio is rooted in the Samwise Strategy and incorporates key concepts from Chapters 1-6 of our Core Investment Principles. It closely adheres to the Four (4) Part Framework, with the ultimate objective of returning 100% annually on average.

Corrections & Long-Term Purchases

Here is precisely how the Stark Portfolio strives to produce its 100% annual returns. First, as with the other Samwise Portfolios, purchases are made in the Stark Portfolio during major stock market corrections as outlined in the Samwise Four (4) Part Framework, Rule #2 of Samwise Rules of Investing and Chapter 5 of our Core Investment Principles. The Stark Portfolio is currently in cash and waiting to deploy its capital during the lows of the next correction. By waiting to make purchases during major market corrections, the portfolio inherently reduces risk by ensuring a relatively low cost-basis.

Long-Duration Leaps in High quality names

Second, by purchasing long-duration in-the-money leap options in high-quality names, the Stark Portfolio is able to use significant inherent leverage to enhance returns at a reduced risk premium. The portfolio invests almost exclusively in high to moderate growth large-cap names, such as Apple and Nvidia, which trade in highly predictable patterns. These stocks are particularly attractive because they are easier to forecast—analyst targets are generally met, and we can accurately predict where these stocks will be 1 to 2 years out into the future.

Additionally, the core capital of the Stark Portfolio will be invested into the NASDAQ-100 via the QQQ ETF, ensuring strong diversification across the tech sector and providing exposure to a broad array of top-performing companies.

Embrace the Bull, Hedge the Bear (Rule 8)

Third, and most importantly, the key to producing generational wealth is figuring out a way to remain long at all times while constantly hedging out the risk of a potential bear market that can strike at anytime. The Stark Portfolio is long only and remains long at all times. Once the portfolio gets long, it stays long. It faces down bear markets with hedging. That is the key to long-term success in the stock market. Hedge the down years, ride the long years.

Risk Management Strategy

The Stark Portfolio aims to reduce risk in three significant ways. First, by adhering to the 2-year rule outlined in Chapter 1 of our Core Investment Principles, the Stark Portfolio ensures that it holds positions with long enough durations to weather almost any storm. Second, by selling covered calls and other option premium against our positions, the Stark Portfolio reduces risk through cost-basis reduction. Third, by purchasing 1-year expiring put options during major market rallies, the portfolio directly hedges out the ongoing annual risk of bear markets, crashes and other exogenous events.

Reducing Risk by Selling Covered Calls

By strategically following Part 3 of the Samwise Framework, the Stark Portfolio reduces the cost-basis of each position by selling “premium” and/or “covered calls” against its long call-option positions during market rallies. In fact, the Stark sister portfolios of Arryn and Lannister have already successfully begun selling short-duration NVDA, NVDL and QQQ calls yielding thousands of dollars in premium for the portfolios to deploy in the next correction. The Stark portfolio will do the same. By selling covered calls and other premium during market rallies, the Stark Portfolio reduces risk by reducing its original cost-basis in various positions.

One significant objective of the Stark Portfolio Strategy is to eventually reduce the entire portfolio’s cost-basis down to $0.00 over the course of 2+ year holding period. By consistently selling covered calls and other premium against its long positions, the Stark Portfolio will both have new capital to deploy during ensuing corrections and will eventually reduce cost-basis down to $0.00. In just 3-months, the Lannister Portfolio, for example, managed to reduce its cost-basis down by $6,200 or nearly 6.2%. That’s on track to reduce basis down significantly by December 2026.

Using 1-year Puts to Hedge During rallies

As with other Samwise Portfolios, the Stark Portfolio follows Part 2 of the 4-Part Framework and uses intermediate-term rallies as an opportunity to purchase 1-year expiring put hedges to protect the portfolio against crashes, bear markets another exogenous events. The puts are rolled forward during the final quarter of the fiscal year or during periods where the stock markets has sustained major rallies thereby resulting in large build-in profits for the portfolio.

The put hedge is critically important to remaining long the market as indicated by Rule 8’s “Embrace the Bull, Hedge the Bear” investment maxim. Puts ensure the portfolio is protected during periods of market volatility while still benefiting from long-term growth. By rolling them forward, the Stark Portfolio effectively locks in profits while maintaining the ability to participate in future market gains, reinforcing its strategy of always staying long with minimal risk exposure.