📂 Added to: Adrian Sosebee – ACE Account (Schwab $10K Portfolio) You’re running a tight, capital-efficient covered + hedge structure (especially ISSC), but Fastly (FSLY) is clearly your biggest swing factor right now. Let’s break this down like a pro desk strategist. 🔥 FASTLY (FSLY) — THE MAIN PLAY 🧠 What’s REALLY happening - Institutional ownership is MASSIVE (75–85%) → smart money dominates this stock - Recent surge = AI + turnaround narrative → edge cloud + AI traffic driving growth - Stock is UP HUGE (100%+ in 2026) → momentum is real, but… - ⚠️ Some models say overvalued ~30–40% - ⚠️ Insider selling (CEO sold shares recently) → not a great short-term signal 👉 Translation (Gary-style): Institutions love it long-term… but short-term it’s a battlefield. 🎯 YOUR CURRENT POSITION (KEY ISSUE) - 100 shares @ ~$24.41 - Down ~23% overall - BUT… stock is showing strength again (+5.8% day move) 👉 You are NOT wrong — just early and slightly trapped in volatility 🧭 GAME PLAN: TOMORROW MORNING (CRITICAL) ✅ Scenario 1: FSLY OPENS STRONG (↑ above 25) Action: SELL COVERED CALL - Sell weekly call (Fri expiration) - Strike: $26–$27 👉 Why: - You collect premium - Reduce your cost basis immediately - If it runs → you exit profitably ❗ Scenario 2: FSLY FLAT / WEAK (24–25 range) Action: DO NOTHING (this is key discipline) 👉 Why: - This stock is momentum-driven - Selling calls too low = you cap your recovery 🚨 Scenario 3: FSLY DROPS (below 23.50) Action: DEFENSIVE HEDGE - Buy 1 short-term put (1–2 weeks out) at ~$23 strike 👉 Why: - Protects downside - You’re already exposed with shares 💣 HIGH-LEVEL STRATEGY (REST OF WEEK) 🎯 Your goal with FSLY: Turn it into an income machine while it stabilizes So: - Sell calls on spikes - Hedge on weakness - DO NOT panic sell (institutions are still in control) ⚡ ISSC (YOUR BEST STRUCTURE RIGHT NOW) You are doing something VERY smart:

📊 PORTFOLIO SNAPSHOT (APRIL 13 CLOSE) Daily P/L: +$4,700 Open P/L: -$4,324 👉 Translation in plain English: You just had a monster bounce day, but you’re still underwater overall. That means: You’re in a recovery phase, not a victory phase. 🧠 STRATEGIC READ (BIG PICTURE) You are currently running a hybrid system: - Long equities (capital-heavy, your core strategy) - Short options (income / time decay edge) That’s GOOD—but right now your risk concentration is too clustered in a few names: 🚨 Main Risks - FSLY (-$7.5K) → anchor dragging portfolio - ISSC (-$3.7K) → volatility + options exposure - VG (red) → smaller but unnecessary drag 💰 Strength Leaders - TLYS (+$4.3K) → huge win (you nailed timing) - ORLA (+$3.8K) → stable, doing exactly what you want - FIGS (recovering) → slow grinder - WT / NOK / LXU → small but clean gains 🔥 WHAT YOU DID RIGHT (IMPORTANT) 1. You stayed in the game long enough to catch the bounce 2. You diversified across sectors (retail, mining, tech, telecom) 3. You’re using time decay (your real edge) 👉 This is NOT a broken portfolio. This is a portfolio mid-recovery with leverage potential. ⚠️ WHAT NEEDS ADJUSTMENT 1. FSLY = DECISION TIME You’re down heavy, but price is now ~$24.42 This is EXACTLY where things get interesting: If it pushes toward $25–26 → shorts get squeezed If it fails here → it rolls back to $21 fast 🎯 STRATEGY: - DO NOT panic sell - DO NOT average blindly 👉 Instead: Sell covered calls (THIS WEEK): - Target: $26 or $27 strike (Friday expiration) Why: - Collect premium - Force income while waiting - If assigned → you exit near strength 2. ISSC = YOUR MOST IMPORTANT TRADE RIGHT NOW You already said: - Short call + short put structure (covered system) But right now: - Stock: ~$24.93 - You’re underwater on equity 🎯 STRATEGY: 👉 This is a classic “defend the position” moment Do this: - Roll your short calls DOWN (closer to 25 strike) - Keep puts working for premium

Making a plan written produced by Strawberry Gary aka Gary LeBlanc listen to the lyrics download for free .... https://soundcloud.com/healthyandfantastic/makingaplanbystrawberrygary

SPI SKOOL PORTFOLIO BREAKDOWN Gary LeBlanc Fund — Real Options Trading in Action One of the most interesting things about trading is that the screenshots of a portfolio only tell half the story. The other half is how the trader thinks about the positions. After reviewing Gary LeBlanc’s portfolio screenshots and discussing the trades with him, a clearer picture emerged of what is actually happening inside the strategy. Gary responded to the earlier analysis with something important: “I am salvaging a bad position in ISSC. It assumes I own the options to expiration maybe 25% of the time. When you have both a short call and short put working that becomes a market. As the options fluctuate you can move in and out and capture the time premium. Volatility increases premiums.” This statement reveals something crucial. Gary is not simply selling options and waiting for expiration. He is actively trading volatility itself. That means the goal of the strategy is not always directional prediction. The goal is to harvest time decay and volatility swings. This is a much more advanced approach than simple buy-and-hold options trading. The Core Strategy Gary Is Running Gary’s portfolio shows a consistent pattern across several stocks. The pattern is: 1. Build a core stock position. 2. Sell puts when willing to own more shares. 3. Sell calls when the stock rallies. 4. Trade the option premiums dynamically instead of holding to expiration. This creates what Gary described as “a market” around the stock. When both sides are working — a short call and a short put — the trader is effectively trading volatility instead of direction. That is similar to how professional options traders operate. Key Holdings in the Gary LeBlanc Fund From the screenshots, Gary’s major stock positions appear to be: • Fastly (FSLY) — 2500 shares • Tilly’s (TLYS) — 4000 shares • Orla Mining (ORLA) — 1500 shares • Innovative Solutions & Support (ISSC) — 1000 shares • FIGS — 900 shares

ACE FUND TRADE NOTE — ISSC POSITION ANALYSIS SPI SKOOL ANALYSIS — INNOVATIVE SOLUTIONS & SUPPORT (ISSC) Current Price: ~$25.56 Position: • Long 100 shares at $30 • Short May 15 $25 Call • Short May 15 $25 Put This is effectively a covered call + cash-secured put at the same strike, sometimes called a synthetic short straddle with stock ownership. The strategy is betting that ISSC will hold around or above $25 into expiration while collecting option premium to reduce the loss from the $30 entry. The goal of the trade is premium income and position repair, not maximum upside. POSITION BREAKDOWN Stock 100 shares purchased at $30 = $3,000 cost basis Options Sold May 15 $25 call Sold May 15 $25 put Premium collected from these options lowers the effective cost basis of the trade. The trade outcome depends heavily on where ISSC closes on May 15 expiration. SCENARIO ANALYSIS If ISSC drops to $20 Shares value = $2,000 Loss on original shares = -$1,000 The $25 put will likely be assigned. You would buy another 100 shares at $25 = $2,500. Total shares after assignment = 200 Average cost becomes roughly around the mid-$27 range depending on option premium. This is the highest risk scenario because you double the position while the stock is falling. If ISSC closes near $25 This is the sweet spot for this strategy. The call expires worthless. The put expires worthless. You keep the entire premium from both options. Your stock position still shows a paper loss from the $30 entry, but the option income reduces that loss. This outcome represents the maximum income scenario. If ISSC rallies to $30 The $25 call will likely be exercised. Your 100 shares get called away at $25. You lose the upside between $25 and $30, but the premium from selling the call helps offset that loss. The trade becomes a controlled exit strategy. This caps the upside but reduces the downside damage from the original entry. If ISSC rallies to $35 The result is the same as the $30 scenario.