Author: Captain Mal
About Mal – Options Trader and Cruise Ship Captain Still navigating the seas for over 28 years and for 13 years as Captain with a major cruise line, Mal steered his career into the world of financial markets—bringing discipline, leadership, and a steady hand to his new passion: options trading. His journey began a decade ago with modest results, but it was the global pause during COVID that ignited his dedication to mastering market strategy. Specializing in premium-based options strategies—including Covered Calls (CC), Poor Man’s Covered Calls (PMCC), Cash-Secured Puts (CSP), and a tactical mix of spreads and long calls—Mal discovered his niche as an income-driven investor with a focus on consistency and capital efficiency. His turning point came when he embraced a rule-based approach to trading, setting his sights on generating steady monthly CoC returns in the 3% range. To deepen his skill set, Mal joined the XBrat Apprentice Program, gaining valuable insights into futures and day trading under the mentorship of Paul Bratby and through the use of XBrat Trading Software. He continues to study and refine his approach to the markets, committed to evolving as an options trader and sharpening his craft with every trade. Today, he trades with clarity and purpose, combining structured strategy with a captain’s precision—always focused on controlled risk and cash-on-cash return.- Filter byAll
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AMZN Options Trading Journal – Gamma Exposure in Focus
Trading around gamma exposure requires a sharp eye for market dynamics, and this AMZN Sept 19 $245 Call setup exemplifies the art of leveraging post-earnings momentum and dealer positioning. With a bullish bias targeting a gamma squeeze above the $245 Call Wall, this trade was designed to capitalize on asymmetric…
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Trade Report: Cummins Inc. (CMI) — Call Spread Setup
On July 3, 2025, a significant trade involving Cummins Inc. (CMI) caught my attention, a calculated $350/$360 call spread setup, entered at $335.49 per share. With two contracts costing just $3.55 each, this tactic presents a potential maximum profit of $1,290, or a striking 181% return. The trade targets a…
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HD Broken Wing Butterfly Trade – Full Analysis
This is my journal and anlysis for a recent Options Trade on $HD (Home Depot) using a Broken Wing Butterfly options strategy.The Stock, $HD, was first presented on the confluence scanner from the xBrat® Stocks Predator where all three technical confluences were aligned. Then I put an options trading play…
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Stock Trading Journal: Stocks Predator Trading for $SHAK with Options
This is a breakdown of my stock trading journal that was written within the xBrat® Stocks Predator Dashboard, with image inserts of my journal entries. The stock, $SHAK, was first presented on the confluence scanner from the Stocks Predator Software where all three technical confluences were aligned. Then I put…
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Options Trading Journal: RCL Stock
This options trading journal provides a detailed breakdown of my options trading journey using the xBrat® Stocks Predator Dashboard. It includes snapshots of my journal entries, made with the dashboard, for added clarity. The stock in focus, $SRCL, initially appeared on the confluence scanner within the Stocks Predator Software, where…