#FuzzyLEAPs Rolled $SPY Dec 26th 688 put to Dec 29th 689 put for .70 (2.14 so far).
I have (2) 687 puts I will also be rolling.
Recent Updates
SPX
Another short week low volatility week next week too.
Rolled SPX Dec 26 2025 6850.0 Puts to Dec 29 2025 6900.0 Puts @ 5.50 credit (15.70 total now)
SPX Summary
Seemed like a good time to sit down and see where everything stands with the market at all time highs. This is my main account. I’ve got 3 more positions in a different account that I’ve been building on as well with similar results. Here we go!
Building positions:
4 added in Oct 2024
3 added in Feb 2025
1 added in May 2025
2 added in Aug 2025
2 added in Dec 2025
Lots of various sized roll ups (20 total) eventually getting everything to 6800 strike
Total Cost to this point:
524.50 each
6294.0 total
Total credit to close LEAPS (Tue prices):
413.80 each
4965.6 total
Loss on LEAPS:
4965.6 – 6294.0 = 1328.40
Total premium received including outstanding short puts:
494.55 each
5934.60 total
===================
Total gain:
5934.60 – 1328.40 =
+ 4606.20
===================
Since these positions were started in mid Oct 2024 the SPX is up 20 percent so I feel like this is close to a “worse case scenario” in a big up market with all the constant rolling. Still managed to keep 73 cents per dollar of premium received. If we get back to a more typical market and starting with a much bigger position size I’m really looking forward to 2026.
Merry Christmas everyone!
SPX
This might slow things down. Almost rolled it to 8000 since I’ve seen that predicted a few times for 2026!
Rolled SPX Jan 16 2026 6900.0 Put to Jan 16 2026 7000.0 Put @ 42.00 credit (213.35 total now)
EDIT: Corrected date. The entire roll is in Jan 2026 expiration.
Merry Christmas
SPY rolls 12/24/25
#FuzzyLEAPs Rolled $SPY Dec 24th 688 put to Dec 26th 688 put for .62 (1.44 so far)
No pullback so put prices just screaming toward zero. I have 683 and 684 puts today that I can’t get meaningful premium to roll. I will probably allow to expire and roll up several strikes. Or skip sales for Friday’s expiry and start fresh then.
QQQI
#coveredcalls
#onlymonthlys! grr
Sto QQQI 16 JAN 2026 54 CALL @.94
VIX low
Today was the first time in all of 2025 that $VIX got below 14.00. It was the lowest reading since December 13, 2024.
SPX
Rolled out to Friday.
Rolled SPX Dec 23 2025 6850.0 Puts to Dec 26 2025 6850.0 Puts @ 5.50 credit (10.20 total now)
Also:
Added Ramie’s SPX Feb Butterfly @ .30 debit
TQQQ,
STO January 30, $46 puts at 1.12
Spy rolls 12/23/25
#FuzzyLEAPs Rolled $SPY Dec 23rd 683 put to Dec 24th 683 put, .36 credit (4.84 so far)
Rolled Dec 23rd 682 put UP two strikes to Dec 24th 684 put, .85 credit (11.08 so far)
SPX put butterfly
Borrowing a TastyTrade idea for a downside hedge: Bought $SPX Feb 20 6575/6600/6625 put butterfly @ .35 debit.
SPY
Taking about 40 percent 60 days early.
Bought to Close SPY Feb 20 2026 610.0 Put @ 2.15 (sold for 4.00)
Bought to Close SPY Feb 20 2026 615.0 Put @ 2.35 (sold for 4.00)
Bought to Close SPY Feb 20 2026 620.0 Put @ 2.60 (sold for 4.20)
SPX
Finally got ’em all back except for my Jan 6900 strike lid. 🙂 🙂 Reloading but leaving a few uncovered.
SPX:
Bought to Close SPX Dec 22 2025 6825.0 Puts @ .25 (sold for 101.90)
Bought to Close SPX Dec 22 2025 6825.0 Puts @ .25 (sold for 96.30)
Bought to Close SPX Dec 22 2025 6840.0 Puts @ .25 (sold for 15.70)
Bought to Close SPX Dec 22 2025 6850.0 Put @ .40 (sold for 14.20)
Sold SPX Dec 23 2025 6850.0 Puts @ 4.70
Covered call position during a takeover?
Does anyone know what happens to a covered call position during a takeover?
Example:
Stock price – $28
Short call – @32
Takeover price – $30
I understand that shares will be sold at $30 and removed from the account.
But what happens to the calls?
Earnings 12/22 – 1/2
There is currently only one company with analyst coverage scheduled to report earnings within the two weeks starting December 22, 2025 – $LMNR. Not shown, because there are no estimates, is $GTIM, also scheduled after the close on Tuesday, December 23, 2025.
–Earnings Whispers
Econ Calendar 12/22 – 12/26
QQQI-EWZ
SPX SPY XSP
Had to be out this afternoon so had to roll earlier than I wanted to today.
SPX:
Rolled SPX Dec 19 2025 6830.0 Puts to Dec 22 2025 6825.0 Puts @ 5.50 credit (101.90 total now)
Rolled SPX Dec 19 2025 6830.0 Puts to Dec 22 2025 6825.0 Puts @ 5.40 credit (96.30 total now)
Rolled SPX Dec 19 2025 6845.0 Puts to Dec 22 2025 6840.0 Puts @ 3.00 credit (15.70 total now)
Rolled SPX Dec 19 2025 6855.0 Put to Dec 22 2025 6850.0 Put @ 1.50 credit (14.20 total now)
Leaving the lid on again:
Rolled SPX Dec 19 2025 6900.0 Put to Jan 16 2026 6900.0 Put @ 37.90 credit (171.35 total now)
=========================================
Bought to Close SPX Dec 19 2025 6850/6855 Bear Call Spreads @ .95 (sold for 1.77)
=========================================
SPY:
Had Dec 19 700/685 Bull Put Spreads @ 9.45
Sold to Close the 685s @ 6.55 and rolled the 700s to Feb monthly @ 2.70 credit
New net position:
SPY Feb 20 2026 700.0 Puts @ 18.70 credit
=========================================
XSP:
Bought to Close XSP Dec 19 2025 680.0 Puts @ .14 (sold for 3.05)
Sold XSP Dec 22 2025 680.0 Puts @ .89
LW Stock
Started a tiny new position in LW at $44.44. Decent dividend. Multiyear low
#FallingKnife
OptionsExpiration
A very good week finally!
DLTR 139/133 Bear Call Spread
DLTR 134/130 Bear Call Spread
DLTR 134/132 Bear Call Spreads
DOW 20.5/22 Bull Put Spread
DOW 21/22 Bull Put Spread
DOW 21/22.5 Bull Put Spreads
EOG 97/100 Bull Put Spread
GLD 415/410 Bear Call Spread (my last GLD position)
NFLX 88/90.5 Bull Put Spread
NFLX 88.5/91 Bull Put Spread
NFLX 100.5/98 Bear Call Spread
NFLX 101.5/100 Bear Call Spread
SOXL 30/32.5 Bull Put Spread
SOXL 48/45.5 Bear Call Spread
TTD 35..5 Diagonal Put
TTD 35.0 Diagonal Put
TTD 40/38 Bear Call Spread
TTD 40/39 Bear Call Spread
VTRS 12.0 Covered Call
BAX 20.5 Covered Call
MSTX 6.0 Covered Call
SPCE 5.0 Covered Call
SPCE 4.5 Covered Calls
DOW 30.0 Covered Call
BAX 22.5 Covered Calls
IP 43.0 Covered Call
#EveryLittleBitHelps
DOW 21.5 Puts
DOW 22.0 Put
TTD 32.5 Put
PSKY 10.0 Put
PSKY 11.0 Put
PSKY 11.5 Put
MSTX 4.0 Put
GIS 45.0 Put
BOIL 22.0 Put
CPRT 35.0 Put
#TinyPuts
SPX roll
Rolled $SPX Dec 22 6855 put up and out to Dec 23 6860 put @ 8.45 credit
Expired
$NVDA 184 call
SPY roll 12/19/25
#FuzzyLEAPs Rolled $SPX Dec 22nd 683 put to Dec 23rd 683 put, .50 credit (4.48 so far). Now I have 682 and 683 ITM puts for the 23rd.
DJT Calls
Sold DJT 12/19/2025 17/15.5 Bear Call Spreads at $0.13 and $0.18 Credits
Sold DJT 12/19/2025 17/16 Bear Call Spreads at $0.14 and $0.19 Credits
#1DTE #EveryLittleBitHelps
SPY roll 12/18/25
#FuzzyLEAPs Rolled $SPY Dec 19th 682 put to Dec 23rd 682 put, .97 credit (10.23 total). Leaving my Monday 683 put until tomorrow.
Frankly surprised that the option I rolled wasn’t assigned stock overnight. It has huge Open Interest, since it is a monthly, and we ended yesterday with it over 3 dollars ITM. I guess since there was still another day to expiry it survived, which is the reason I am rolling a day ahead while I am ITM.
AMD Call Closed
$AMD BTC 12/19 225 call at .04. STO at 3.50.
GLD Expiration
1 GLD 12/17/2025 372/377 Bull Put Spread
1 GLD 12/17/2025 381/385 Bull Put Spread
1 GLD 12/17/2025 382/386 Bull Put Spread
GLD Calls Rolled
Rolled 1 GLD 12/17/2025 410/405 Bear Call Spread to 1 GLD 12/19/2025 415/410 Bear Call Spread at $0.16 Credit
SOXL Puts
Sold 1 SOXL 12/19/2025 28/32 Bull Put Spread at $0.22 Credit
SPY roll 12/17/25
#FuzzyLEAPs Rolled $SPY Dec 18th 684 put to Dec 22nd 683 put, 1.26 credit (3.98 total). This rolls tomorrow’s put until Monday, and one strike lower. For now I am leaving Friday’s 683 put to stand.
NFLX SLV TTD Spreads
Sold 1 NFLX 12/19/2025 101.5/100 Bear Call Spread at $0.17 Credit
Sold 1 SLV 12/19/2025 65/62.5 Bear Call Spread at $0.18 Credit
Sold 1 TTD 12/19/2025 41/38.5 Bear Call Spread at $0.15 Credit
Sold 1 TTD 12/19/2025 40/39 Bear Call Spread at $0.17 Credit
SOXL DOW EOG DLTR TTD NFLX Spreads
Sold 1 SOXL 12/19/2025 48/45.5 Bear Call Spread at $0.14 Credit
Sold 1 DOW 12/19/2025 20.5/22 Bull Put Spread at $0.17 Credit
Sold 1 DOW 12/19/2025 21/22 Bull Put Spread at $0.15 Credit
Sold 1 EOG 12/19/2025 97/100 Bull Put Spread at $0.30 Credit
Sold 1 TTD 12/19/2025 40/38 Bear Call Spread at $0.18 Credit
Sold 1 NFLX 12/19/2025 100.5/98 Bear Call Spread at $0.17 Credit
Bought DLTR 12/26/2025 139.0 Calls / Sold DLTR 12/19/2025 135.0 Calls for Diagonal Bear Call Spreads of $0.13 and $0.18 Credits
SPX XSP
Gonna be busy next couple days so rolling out to Friday.
SPX:
Rolled SPX Dec 16 2025 6855.0 Puts to Dec 19 2025 6845.0 Puts @ 2.20 credit (12.70 total now)
Rolled SPX Dec 16 2025 6865.0 Put to Dec 19 2025 6855.0 Put @ .10 credit (12.70 total now)
XSP:
Rolled XSP Dec 16 2025 682.0 Puts to Dec 19 2025 680.0 Puts @ .95 credit (3.05 total now)
Friday will be interesting if we rally just a little bit before then. Short puts at 6830 (biggest position), 6845, 6855, 6900 and bear call spreads at 6850/6855.
SPY rolls 12/16/25
#FuzzyLEAPs Rolled $SPY Dec 16th 683 put to Dec 19th 682 put, 2.10 credit (9.28 so far). Rolled this a strike down but went all the way to Friday, which has a significant jump in premium from Thursday.
For my 684 put, rolled Dec 16th 684 to Dec 18th 684, .80 credit. Keeping this ITM at same level, rolling to Thursday.
DOW BOIL Puts
Sold DOW 12/19/2025 21.5 Puts at $0.06 and $0.12
Sold 1 BOIL 12/19/2025 22.0 Put at $0.08
#TinyPuts
November Jobs Report
#Jobs — Abbreviated October data shows a loss, while November had a small gain. UE ticks higher.
Gain of +64,000 non-farm payroll jobs, vs. expected gain of 45K
An “abbreviated” October count indicates a loss of -105,000 jobs.
Unemployment up by 0.2 from Sept at 4.6%, highest since Sept 2021
U6 unemployment 8.7%, up by 0.7 from Sept
Labor force participation up 0.1 to 62.5%
Average hourly earnings up by 0.1%; +3.5% Y/Y, smallest gain since May 2021
September jobs revised down by -11K to +108K
August jobs revised down by -22K to -26K
GLD Expiration
1 GLD 12/15/2025 406/401 Bear Call Spread
DLTR Calls
Sod 1 DLTR 12/19/2025 139/134 Bear Call Spread at $0.84 Credit
GLD Puts
Rolled 1 GLD 12/15/2025 368/373 Bull Put Spread to 1 GLD 12/17/2025 382/386 Bull Put Spread at $0.21 Credit
Rolled 1 GLD 12/15/2025 379/384 Bull Put Spread to 1 GLD 12/17/2025 381/385 Bull Put Spread at $0.19 Credit
BAX MSTX TTD CPRT
Sold BAX 12/19/2025 22.5 Covered Calls at $0.02
Sold 1 MSTX 12/19/2025 6.0 Covered Call at $0.05
#EveryLittleBitHelps
Sold 1 CPRT 12/19/2025 35.0 Put at $0.10
Sold 1 DOW 12/19/2025 22.0 Put at $0.09
Sold 1 MSTX 12/19/2025 4.0 Put at $0.10
Sold 1 TTD 12/16/2025 32.5 Put at $0.05
#TinyPuts
SPX XSP
SPX:
Rolled SPX Dec 15 2025 6860.0 Puts to Dec 16 2025 6855.0 Puts @ 2.50 credit (10.50 total now)
Rolled SPX Dec 15 2025 6870.0 Put to Dec 16 2025 6865.0 Put @ 1.50 credit (12.60 total now)
XSP:
Rolled XSP Dec 15 2025 684.0 Puts to Dec 16 2025 682.0 Puts @ .10 credit (2.10 total now)
TQQQ,
BTC January 23, $49 puts at 2.45, the charts do not look very positive right now.
#coveredcalls #syntheticcoveredcalls $NVDA 195 call…
#coveredcalls #syntheticcoveredcalls
$NVDA 195 call
$NVDA 180 call
$GOOGL 327.50 call
$NVDA 467.50 call
SPY roll
#FuzzyLEAPs Rolled $SPY Dec 15th 683 put to Dec 16th 683 put, 1.10 credit (7.18 so far)
My other put is the 684 already rolled until tomorrow, so I will wait until then unless we drop ITM today.
Earnings 12/15 – 12/19
Econ Calendar 12/15 – 12/19
All times ET
OptionsExpiration
CPB 28.0 Put
CPB 27.5 Put
CPB 27.0 Put
DOW 22.5 Put
BAX 20.5 Covered Call
DOW 29.0 Covered Call
MSTX 6.0 Covered Call
SPCE 5.0 Covered Calls
GLD 375/378 Bull Put Spread
MSTX 8/6.5 Bear Call Spread
PG 137/138 Bull Put Spread
SOXL 57/54 Bear Call Spread
Assignments:
1 BAX 19.0 Covered Call
1 CMG 35.0 Covered Call
SPY
Rolled longs out to Feb and started a Feb ladder at the 200 day and outside the expected move.
Rolled SPY Jan 16 2026 350.0 Puts to Feb 20 2026 350.0 Puts @ .14 debit
Sold SPY Feb 20 2026 620.0 Put @ 4.20
SOXL
#optionsexpiration
#onlyspreads
soxl-54/57-call
SPX XSP
SPX:
Rolled SPX Dec 12 2025 6870.0 Puts to Dec 15 2025 6860.0 Puts @ even (8.00 total now)
Rolled SPX Dec 12 2025 6875.0 Put to Dec 15 2025 6870.0 Put @ 2.10 credit (11.10 total now)
XSP:
Rolled XSP Dec 12 2025 685.0 Puts to Dec 15 2025 684.0 Puts @ .40 credit (2.00 total now)
TQQQ,
STO January 23, $49 puts at 2.51
SPY rolls
Rolled $SPY Dec 12th 682 put to Dec 15th 683 put (up one strike), .50 credit, 6.08 total
Rolled Dec 12th 684 put to Dec 15th 684 put, .55 credit, 1.05 so far
TQQQ,
Yesterday, I sold my position in the TQQQ at 55.00 and my cost was 49.28, I just forgot to post the trade.
SPX XSP
Waited for a decent pullback but never really got one.
Bought to Close SPX Dec 11 2025 6850.0 Put @ .15 (sold for 8.00)
Bought to Close SPX Dec 11 2025 6850.0 Puts @ .15 (sold for 9.60)
Sold SPX Dec 12 2025 6870.0 Puts @ 8.00
Sold SPX Dec 12 2025 6875.0 Put @ 9.00
XSP:
Rolled XSP Dec 11 2025 685.0 Puts to Dec 12 2025 685.0 Puts @ .75 credit (1.61 total now)
SPY roll 12/11/25
Rolled $SPY Dec 11th 682 put to Dec 12th 682 put, .75 credit, 5.58 total.
GLD Expiration
1 GLD 12/10/2025 373/377 Bull Put Spread
GLD, STO December 19, $390…
GLD, STO December 19, $390 puts at 5.00
SPX XSP
SPX:
Bought to Close SPX Dec 10 2025 6830.0 Put @ .05 (sold for 12.00)
Bought to Close SPX Dec 10 2025 6850.0 Puts @ .60 (sold for 43.75)
Sold SPX Dec 11 2025 6850.0 Put @ 8.00
Sold SPX Dec 11 2025 6850.0 Puts @ 9.60
XSP:
Bought to Close XSP Dec 10 2025 683.0 Puts @ .04 (sold for 1.33)
Sold XSP Dec 11 2025 685.0 Puts @ .86
DOW Stock and put
Sold the DOW shares I acquired via a 23.0 Put assignment on Friday at $23.81
Then Sold 1 DOW 12/12/2025 22.5 Put at $0.06
#EveryLittleBitHelps
Fed surprise cut
https://x.com/FirstSquawk/status/1998830289087562007
NVDA AAPL MSFT
These 3 stocks now account for 20% of the entire SP500 index
NFLX Spread
Sold 1 NFLX 12/12/2025 88/91.5 Bull Put Spread at $0.22 Credit
SPY roll
Rolled $SPY Dec 10th 682 put to Dec 11th 682 put, 1.06 credit, 4.83 total so far for a week in the trade.
NVDA TSLA GOOGL Covered Call
#coveredcalls #syntheticcoveredcalls
$NVDA STO 12/12 195 call at .42
$GOOGL STO 12/12 327.5 call at .81
$TSLA STO 12/12 467.50 call at 1.54
SPX
Rolled SPX Dec 09 2025 6850.0 Puts to Dec 10 2025 6850.0 Puts @ 18.00 credit (43.75 total now)
XSP
Happy Fed Day Eve! Great premium tomorrow.
Bought to Close XSP Dec 09 2025 683.0 Puts @ .11 (sold for 2.95)
Sold Dec 10 2025 683.0 Puts @ 1.33
SPY roll
Rolled $SPY Dec 8th 682 put to Dec 9th 682 put for 1.45.
This is against the 685 LEAP spread, with total now of 3.77 in daily put sales. Still waiting to add another position after closing my 675 one yesterday.
PG stock
Started a tiny new position in PG at $139.00.
#SP500 #FallingKnife
SPX XSP
Standing orders filled while I was out.
SPX:
Rolled SPX Dec 08 2025 6850.0 Puts to Dec 09 2025 6850.0 Puts @ 10.00 credit (25.75 total now)
XSP:
Rolled XSP Dec 08 2025 683.0 Puts to Dec 09 2025 683.0 Puts @ .65 credit (2.95 total now)
More Spreads
Sold 1 DLTR 12/12/2025 130/127 Bear Call Spread at $0.64 Credit
Sod 1 PG 12/12/2025 135/137 Bull Put Spread at $0.39 Credit
SOXL
#callcreditspread
STO SOXL 12 DEC 2025 54/57 CALL @.24
followed Thanks @optioniceman
Spreads
Sold 1 SOXL 12/12/2025 57/54 Bear Call Spread at $0.24 Credit
Sold 1 CMG 12/12/2025 38/35 Bear Call Spread at $0.20 Credit
Sold 1 FISV 12/12/2025 71/69 Bear Call Spread at $0.22 Credit
Sold 1 ULTA 12/12/2025 560/565 Bull Put Spread at $0.90 Credit
Sold 1 ULTA 12/12/2025 555/557.5 Bull Put Spread at $0.30 Credit
Sold 1 GLD 12/10/2025 372/377 Bull Put Spread at $0.27 Credit
SPCE MSTX CMG Calls
Sold SPCE 12/12/2025 5.0 Covered Calls at $0.11
Sold 1 MSTX 12/12/2025 6.5 Covered Call at $0.15
Sold 1 CMG 12/12/2025 35.0 Covered Call at $0.31
#EveryLittleBitHelps
SPY rolls
Rolled $SPX Dec 8th 682 put to Dec 9th 682 put, .62 credit
Trying to roll up my 675 LEAP spread today
Options Bistro 