Research · Options
The tape, not a book.
House read of flow. Context for the ranked letter. A print does not become the open.
Public pages show a dated marketing extract (Friday, August 21, 2026). The member desk holds the full 2026 tape. Analyst names are stripped. Not a recommendation.
What the options desk puts out
The tape, weekdays. Morning activity, the midday print, and the afternoon musings — read as context for the ranked letter, not as a book.
The catalyst letter, daily. Opportunities only: dated catalysts and structures that can be sized. Recent public samples:
How it sits next to the letter
The ranked letter is the spine: rank, ticker, thesis, catalyst, conviction. Options flow is context. A print in energy calls does not automatically become Friday’s primary setup.