Live with TJ "The Wheel Deal" 8/26/26 HOW REALISTIC IS OUR $100M NORTH STAR?

SUMMARY

TJ 'The Wheel Deal' discusses his options-based investment strategy, portfolio allocations, and the ambitious goal of reaching $100 million by 2032. The session covers current positions, risk management, price targets for key holdings, and community engagement around realistic expectations.

MAIN POINTS

• TJ introduces the session's focus on evaluating the realism of the $100 million North Star goal and outlines the portfolio's current status. [4:00]
• He reviews the Nphase position, considering whether to add more shares based on cash availability and portfolio exposure. [12:00]
• Micron is highlighted as a high-conviction play, with discussion of past drawdowns, current strategies, and the potential for it to become the portfolio's top performer. [18:01]
• TJ details the approach to SoFi and MSTR, including share sales, put strategies, and rolling positions to maximize premium and manage risk. [23:00]
• He explains the rationale behind large put positions in CleanSpark and Riot, emphasizing the desire to own shares at favorable prices and the use of premium as a buffer. [29:02]
• The long-term thesis for each major holding is reiterated, with an emphasis on enduring volatility, maintaining conviction, and not overreacting to earnings or short-term moves. [35:00]
• TJ presents a screenshot of the North Star portfolio, breaking down current share counts, price targets for 2032, and soliciting community feedback on the realism of these projections. [42:00]
• He shares the successful closure of Uncle Danny's account, using it as an example of long-term options-based wealth building. [46:01]
• TJ proposes a community contest to predict the portfolio's value in 2032, fostering engagement and accountability. [48:00]
• He previews the upcoming Wheeler's Academy and book project, aiming to educate others on options strategies and portfolio management. [52:00]
• Plans for live trading sessions and in-person events are outlined, with a focus on interactive portfolio reviews and community Q&A. [54:01]
• The session concludes with a personal message about integrity, faith, and the importance of doing the right thing. [55:00]

DETAILED ANALYSIS

The session centers on a comprehensive review of a large options-driven portfolio, with the stated objective of reaching a $100 million valuation by 2032. The portfolio is structured around a core group of high-conviction stocks, each with specific share targets and long-term price projections. The holdings include SoFi, Palantir, Micron, MSTR, SpaceX, Nphase, Riot, and CleanSpark, ranked by conviction and current allocation.

TJ emphasizes a disciplined approach to capital allocation, regularly assessing whether to add to positions based on drawdowns, available cash, and comparative opportunities across the portfolio.

For Nphase, the current position stands at 35,000 shares, with covered calls laddered at various strike prices and expirations. The decision to add more shares is contingent on a 10% drawdown threshold and the relative attractiveness of other opportunities. The approach is not to overreact to short-term price movements but to maintain flexibility for deploying cash into higher-conviction or more opportunistic trades as they arise.

Micron is identified as a particularly high-conviction holding, with 5,000 shares and substantial options exposure. TJ recounts a significant turnaround from a $2 million drawdown to a current year-to-date gain, attributing the recovery to disciplined rolling of puts and calls and the ability to 'manufacture the win' through premium collection. The strategy involves layering strangles and crown trades to maximize premium while maintaining downside protection.

The conviction in Micron is such that it is projected to potentially surpass Palantir as the portfolio's top performer if current trends persist.

The SoFi position is managed with a combination of shares and deep out-of-the-money puts, reflecting both a bullish long-term outlook and a desire to maximize premium income. The inability to add more shares directly, due to concentration limits with the broker, is circumvented by selling additional puts. Rolling up put strikes is considered as a means to generate further premium, with the overall objective being to accumulate shares at favorable prices while maintaining flexibility.

Riot and CleanSpark are approached similarly, with large put positions structured to acquire shares at significant discounts if the market presents the opportunity. The willingness to scale into these positions is balanced by strict entry criteria, ensuring that additional exposure is only taken at prices deemed to offer a substantial margin of safety. The use of premium from put sales serves as both an income source and a buffer against adverse price movements.

TJ's broader philosophy is rooted in long-term conviction and resilience through volatility. He distinguishes between the mindset of a trader seeking immediate gains and that of an investor committed to a multi-year campaign, accepting drawdowns as part of the journey provided the underlying thesis remains intact. This approach is reinforced by regular engagement with the community, both for accountability and for feedback on the realism of long-term price targets.

A key segment of the session involves presenting a detailed breakdown of the North Star portfolio, including current share counts, present valuations, and 2032 price targets for each holding. The targets are ambitious—$100 for SoFi, $500 for Palantir, $2,500 for Micron, $750 for MSTR, and $600 for SpaceX—implying a more than fourfold increase in portfolio value without additional share purchases. TJ invites viewers to critique these projections, fostering a transparent and interactive environment.

The narrative is punctuated by real-world examples, such as the closure of Uncle Danny's account, which demonstrates the practical application of options strategies over several years, resulting in substantial gains. This case study is used to illustrate the potential for options-based wealth building when executed with discipline and patience.

Looking ahead, TJ outlines plans for Wheeler's Academy, a live trading and educational initiative designed to share his methodology with a broader audience. The curriculum will cover the full spectrum of options strategies, from beginner to advanced, and will feature interactive portfolio reviews and live Q&A sessions. The goal is to equip participants with the tools and mindset necessary to pursue similar long-term objectives.

Throughout the session, themes of integrity, faith, and community support are woven into the financial discussion, underscoring the importance of ethical conduct and mutual encouragement in the pursuit of ambitious goals.

LINKS

• Referral link for signing up to Tastytrade, the brokerage platform used for options trading.
• StreamYard referral link offering a $10 discount for new streaming users.

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