Sorry for the obnoxious title. Sometimes, these things just write themselves.

You would think that a company involved in sports betting would be doing well, considering it seems I can't escape the barrage of advertising for sports betting apps I'm seeing everywhere I turn.

Apparently, there is a company in this space that can't seem to figure it out. Or at least, that's what their stock price action is saying. 

In today’s Daily Digest, we’ll review the following:

1. New position in XLP.
2. No adjustments are needed today.
3. No exits since the last report.
4. Current status of open campaigns.
5. Volatility Snapshot.

Let’s dig in!

Recently, I had the pleasure of joining Michael Martin on his Trader Mindset podcast for a deep and honest conversation about what it really takes to trade in volatile markets.

One of the biggest takeaways I shared — and something I’ve been reflecting on a lot lately — is that these days, I’m more focused on finding strategies to keep my head on straight than I am on searching for new trading strategies with some theoretical edge.

Because here’s the hard truth: without a clear, steady mindset, even the best strategy in the world will eventually fail me.

Of course, Michael and I also dug into how volatility — especially as measured by the VIX — shapes the playing field for traders, particularly those of us in the options world. We explored how elevated VIX levels impact trade selection, timing, and risk management, and why high volatility environments demand a different, more nimble approach.

One of the key themes we kept circling back to was the psychological side of trading. Because let’s face it: when the market’s flying all over the place and my P&L is jumping around just as fast, my internal state can become my biggest...