The S&P 500 has been sleepwalking for exactly 69 days (since the Oct 28 peak). The bears think it's exhausted. The bulls are confused. I’m neither. I sold my OG Taco Trade in October when China signed. I just rolled the gains betting on the Taco Supreme.
Position: 250x SPY Feb 27 '26 $730 Calls
Status: +52% Today (Volatility Expansion)
The Thesis:
Most of you are looking at charts. I’m looking at the only acronym that matters in late January: TACO (Trump Always Chickens Out). Wall Street has historically bet that the President bluffs on trade wars but folds before the market crashes. But this time, I’m betting the Supreme Court forces the fold.
• The Catalyst: A SCOTUS ruling declaring the tariffs unconstitutional.
• The Payout: A ~$200 Billion corporate tax refund injected instantly into the S&P 500.
The Setup:
We have a "Catalyst Cluster" hitting on Jan 28:
1. The Fed: Powell Decision.
2. The Tech: Meta & Microsoft Earnings.
3. The Taco Supreme: The $200B Liquidity Injection.
Today's Maduro news just woke up the VIX (+52% on my calls purely on Vomma). The market is starting to price in the chaos. I’m positioned for the melt-up.
