CRCO and RDTY both returned — 2026-03-27

What I’m taking from this week

This week has two kinds of repeating signals: one where the data is getting cleaner, and one where the structural flag is getting harder to ignore. CRCO returns at net/share 9.68 — down from last week’s 14.16, but with POUT now at $933K (versus near-zero last week) and intraday coverage at 4 files. The number compressed; the read improved. RDTY returns at net/share 0.44 with POUT=0 and holdings_rows=1 for the third consecutive week — same structure, same flag, different week. Neither is a simple story, and treating them the same way because they’re both back would be the wrong read.

The W04 watchlist asked whether CRCO would hold above 10.0 under comparable coverage. It didn’t — 9.68 is below that threshold. But the POUT structure normalized and intraday capture improved, which changes the interpretive framing. A lower number under cleaner data is a more reliable observation than a higher number under partial capture. That’s the distinction worth tracking going into next week.

This post is a personal data note for weekly options income-source tracking. It is not investment advice and it is not a cycle model.

This week’s income-source pulse

Window: 2026-03-23 → 2026-03-27 (US Mon–Fri), frozen as-of 2026-03-27. This ranking covers Group-1, Group-2, and Target-12 tickers sorted by net/share descending. It is not a performance score. Three structural notes apply this week: CRCO’s POUT normalized from near-zero to $933K; RDTY shows POUT=0 with holdings_rows=1 for the third consecutive week; and FIAT carries the widest premium in the dataset at +4.89%.

Anchor read: CRCO and RDTY (two different kinds of repeat)

CRCO ranks first at net/share 9.68, net $14.76M, PIN $15.70M, POUT $933K. Coverage: 4 intraday files, 15 holdings rows — one more file than last week, one more holdings row. The net/share figure dropped from 14.16, which is a meaningful compression. But last week’s read carried a POUT near zero, which made the net figure harder to contextualize. This week, with both legs of the trade visible in the data, the income structure is more interpretable — not just a large inflow with no offset. The discount widened slightly to −4.95%.

RDTY ranks fifth at net/share 0.44, net $131K, PIN $131K, POUT $0, holdings_rows=1. This is the third consecutive week with this exact structure. Coverage is full at 5 intraday files, so this is not a data gap — it is a pattern. Three weeks of POUT=0 with a single holdings row means either the position has no recorded outflow trades or the holdings snapshot is consistently capturing a minimal slice. The number is extraction-valid; what it represents structurally is the observation worth watching. If POUT turns non-zero next week, the read changes entirely.

Why these moved (grounded notes)

One observable field, one stated limitation per ticker. The most common mistake is treating net/share rank as a quality ranking — it isn’t.

• CRCO (G2, underlier CRCL): net/share 9.68, net $14.76M — POUT normalized to $933K this week (was near-zero last week). Intra 4 files, holdings 15. Second consecutive top rank; pattern confirmation in progress. Discount −4.95%.
• RBLY (G2, underlier RBLX): net/share 0.67, net $67K — small AUM ($1.79M), shares out 100,000. Intra 3 files, holdings 4. Small-float amplification likely; first observation.
• SLTY (G1): net/share 0.58, net $379K — thickest coverage this week: intra 5 files, holdings 83 rows. Premium +0.95%, only positive premium in top 5. Clean read.
• FIAT (G1): net/share 0.53, net $844K — premium +4.89%, widest in this week’s dataset. Intra 4 files, holdings 20. Pricing gap logged as context only.
• MSTY (G2, underlier MSTR): net/share 0.40, net $19.91M — largest absolute net this week by a wide margin. AUM $1.11B; shares out 49.2M. Intra 4 files, holdings 14. Large-fund read: ratio is modest, absolute scale is significant.
• RDTY (G1): net/share 0.44, POUT=0, holdings_rows=1 — third consecutive week with this structure. Intra 5 files. Net figure extraction-valid; cross-ticker comparability limited.

Weekly take (author commentary)

The cleaner story this week isn’t the highest number — it’s the contrast between what CRCO showed last week and what it’s showing now. A net/share of 9.68 under 4 intraday files and normalized POUT is a more grounded observation than 14.16 under thinner, one-sided capture. The number went down; the interpretability went up. That dynamic is worth understanding as a general reading habit: compression under better coverage often signals a more durable pattern than expansion under partial capture.

RDTY’s three-week structural repeat is a different kind of signal. It’s not about the size of the number — 0.44 is unremarkable in this dataset. It’s about the consistency of the structure: POUT=0, holdings_rows=1, full intraday. Three weeks of identical conditions is no longer just a flag; it’s the pattern itself. What changes next week either confirms or resets it entirely.

MSTY appears at rank 7 with the largest absolute net in this week’s dataset at $19.91M. At 49.2M shares outstanding and $1.11B AUM, the per-share ratio of 0.40 is modest — but the fund’s scale means that weekly net figure represents a structurally meaningful income-source observation, not a small-float amplification effect. Coverage is clean at 4 intraday files.

On coverage: SLTY this week shows the thickest data capture — 5 intraday files and 83 holdings rows. That combination gives the most complete picture of any ticker in this week’s ranked set. HOOY, by contrast, shows 2 intraday files — the thinnest in the top 10. Both appear in the same table; the practical reliability of their net/share figures is not the same.

The T12 group shows activity this week across BIGY, RNTY, and SOXY — but coverage varies. SOXY has only 1 intraday file, which limits how much weight to put on its net/share figure. RNTY at 3 files and BIGY at 2 files are in the mid-range. These are included as reference observations, not primary reads.

One habit worth keeping this week: check whether the premium/discount context has shifted for any ticker you’re tracking. FIAT at +4.89% is the outlier in this dataset — a premium that wide relative to NAV can reflect market dynamics that are separate from the income-source signal itself. The income data and the pricing data are logged together but interpreted separately.

This is not an ex-dividend-cycle model and not a performance score. Net/share is a weekly cashflow ratio, not a distribution forecast. The income source tracked here is what feeds into distributions — but the two are not the same number on the same timeline.

Income-source tracking and total return are different measurements. A ticker that shows consistent weekly net/share figures can still be experiencing NAV movement in either direction. Both observations are valid; neither replaces the other.

Risk checklist (readable, not fine print)

• Coverage varies week to week; high net/share under thin intraday capture should be treated as a first observation until it repeats under comparable conditions.
• RDTY: POUT=0, holdings_rows=1 for the third consecutive week. Net figure is extraction-valid but comparability to other tickers is structurally limited.
• CRCO: second consecutive top rank with POUT normalized this week. Pattern confirmation in progress — one more week of comparable coverage would strengthen the read.
• Income-source signals are not total return; sustained weekly income can coexist with NAV movement in either direction over time.

Top 3 highlight cards

Coverage notes (intraday/holdings)

Premium/discount extremes (reference only)

Top movers — full table

Target-12 reference

T12 group this week: BIGY (net/share 0.034, intra 2), RNTY (0.024, intra 3), SOXY (0.029, intra 1). SOXY’s single intraday file is the thinnest coverage in the T12 set this week — net figure logged as reference only.

Next-week watchlist (monitoring prompts)

• CRCO: Does net/share hold above 8.0 under 4+ intraday files next week? Two consecutive top-rank appearances with POUT now normalized — a third week at comparable coverage would move this from pattern-in-progress to confirmed pattern.
• RDTY: Does POUT turn non-zero for the first time in four weeks? If POUT remains zero with holdings_rows=1 again, the structural pattern itself becomes the primary observation.

These are monitoring prompts, not recommendations.

Data scope & limits

• This post tracks weekly options income-source signals (배당재원) using intraday + holdings.
• Missing/holiday days are skipped (no forced fills).
• This is NOT an ex-dividend-cycle model.
• FIAT carried a +4.89% premium this week — the widest in the ranked set; logged as pricing context only, not an income-source signal.

Ticker links open the latest view. This weekly post is a frozen snapshot as-of 2026-03-27. Internal links: Core lesson · Glossary · Featured ticker (CRCO) · Covered call vs spread

Frozen snapshot for 2026-03-27. Corrections appear in subsequent weekly logs.

Reference-only (excluded from ranking)