The Golden Harvest & A Medieval Tuscan Villa

Royalty money. Tuscan patience — a long-dated call option play with major upside laid alongside a short leg that yields me 33% just to wait/drink Chianti.

— Le Traverse, Pienza, Italy. August 2026.

View from my office - have the place to myself. That’s Pienza old city in the background on the hill.

I’m writing this from a Tuscan Villa which dates back to medieval times when it was used as a carriage stop between towns.

Western Europe is not a bad place in which to base up as the markets in New York don’t open until 3-4pm here local time so you can do what you like with the mornings, lunch extremely well, followed by an Aperativo of course before settling in to check your own personal Machina. The danger is it’s so relaxing and after a Limoncello spritz all of a sudden going long 10 delta calls on exotic trades seems like an excellent idea..

In fact, I mentioned the perils/attractions of such euromaxxing to my good friend BowTiedMara only yesterday

Now, enough of my floggery. Whilst in Liguria I made several new trades on the back of Janet Scott Bessent’s move to stabilise long term yields. Full breakdown in The Royalty King below.

Soaking King Bessent's Feet | Crown Compendium XIV

This was the signal I have been waiting for to become more aggressive with certain trades. So without further ado, let me share the trades with you and the rationale and numbers behind each.