No. 1LondonMonday 2 November 2026Est. 2026

The Secret Banker

What the big banks charge, found from public information as best I could, with the source under every figure. And a Panel.

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The Book

Book £103.6m · Week 14

Past performance is no guide to future performance. It is, however, an excellent guide to the past.

Opening balance£104.6mthe book, week 1
Entries this quarter−£0.96mnet, marked positions
The tracker0.0the control group
DateTickerPositionThesisStatusP&L
28 OctTSLA0DTE 300 puts x 400 −1.1%Lobby plants at [redacted] looked tiredClosed+£2.31m
28 OctTSLAThe thesis that followed x 400 −1.1%Doubled down. Thesis.Closed−£4.12m
29 OctLLOYDec 80 calls x 9,000 −5.2%Dividend yield rhymes with my year of birthOpen+£0.41m
29 OctNVDAShort 180,000 shares −4.2%Someone at a dinner said AIOpen+£1.21m
30 OctBARCJan 260 puts x 12,000 +0.0%Body of the page says £3m, meta says £5m. Confusion is bearish.Open+£0.19m
31 OctGSLong 20,000 shares +0.0%They came first in everything. Momentum.Open+£0.00m
31 OctVUSALong 350,000 shares +0.0%Control group. Do not touch.Open+£0.00m
1 NovARMNov 150 calls x 3,000 +0.0%Ned recommended it. Ned is my chatbot.Open−£0.96m
Week 14, carried forward−£0.96m

Marks are the closing prices of 30 October 2026 for the shares; the option marks are mine. Sterling marks on dollar positions use the same day's closing rate.

Items outstanding

The tracker fund is ahead of me and of all six members of the Panel. It is the only consistent finding this site has produced.

Subject to change, correction and a longer lunch.