**Hey traders, hope the year has been treating you well so far.**

The market has been trending nicely, and trading TQQQ has been delivering strong results. With a bit more momentum, hopefully to cross the 40% YTD mark today. I am always looking for ways to refine my approach, and here are a few recent updates:

1. **Wheel strategy on TQQQ GentleWhale IBS**
   * I started overlaying the wheel strategy on 20% of my TQQQ GentleWhale IBS positions.
   * If shares get called away, I move into cash-secured puts. If assigned, I return to covered calls.
   * Now I also added SL and TP levels.
   * This layer added about **$19k in profits last month**, helping smooth performance when market direction is uncertain.
2. **Expanding into IBIT and ETHE**
   * I added IBIT with IBS and ETHE with IBS to diversify the portfolio.
   * Backtests show they help reduce drawdowns and improve the overall Sharpe ratio without sacrificing upside.
3. **New capital allocation**
   * I contributed an additional $38k to the portfolio last week, so technically performance should already be running above the 40% mark.
4. **SPX weekly calendar strategy**
   * I introduced a weekly SPX calendar spread to further diversify the portfolio mix.
   * Backtests look promising, and I am now forward testing. I will share more results once I have additional data.

Whats working for you guys the past few months?

TQQQ portfolio updates