Rolled $SPX Feb 13 6920 put out to Feb 17 6920 put @ 7.20 credit
Rolled $SPX Feb 13 6860 put out to Feb 17 6860 put @ 24.45 credit
Recent Updates
SLV Puts Rolled out (again)
Rolled 1 SLV 02/13/2026 61/75 Bull Put Spread to 1 SLV 02/23/2026 61/75 Bull Put Spread at $0.79 Credit
Rolled 1 SLV 02/13/2026 65/70 Bull Put Spread to 1 SLV 02/17/2026 64/69 Bull Put Spread at $0.29 and lowered the short put by a dollar
I am expecting SLV to rally back next week
SPX SPY
SPX:
Rolling highest strike out and down a week and the other one out to Tue and down a strike. Ladder rolling out and down for good credit.
Rolled SPX Feb 13 2026 6925.0 Puts to Feb 17 2026 6920.0 Puts @ 3.00 credit (45.60 total now)
Rolled SPX Feb 13 2026 6930.0 Puts to Feb 20 2026 6900.0 Puts @ 2.00 credit (43.85 total now)
Ladder:
Rolled SPX Feb 13 2026 6850.0 Put to Feb 23 2026 6800.0 Put @ 28.00 credit (105.10 total now)
SPY adding:
Sold SPY Mar 20 2026 630.0 Put @ 4.20
XSP rolls 2/13/26
#FuzzyLEAPs
Rolled $XSP Feb 13th 693 puts to Feb 17th 693 puts, .70 credit
Need some more height to roll the 696.
SPX
#FuzzyLEAPs first month review:
Today marks the end of my first month of trading #FuzzyLEAPs with real money. Here’s where the strategy stands as of now:
Total cost of 4 LEAP puts: $358,640
Current value of LEAPs (approx., based on Mid): $400,000
Total credit received: $28,964
% Return so far: 8.07%
Annualized (simple, not compounded): 96.9%
(Returns % based on credit received only, and not counting gains on the LEAPs, as I consider those gains temporary.)
As we all know, this has been an almost perfect month to be running a strategy like this, since the SPX has been bouncing around enough to create decent premiums, but it hasn’t made a big move one way or the other.
Also, I have been extremely conservative by only selling against some of the LEAPs most of the time, as well as targeting the lowest strikes possible to bring in the desired premium. So, the total credit received could have been quite a bit more than it was.
I just thought that a review of how the strategy has done might benefit anyone else interested in it. Future returns will, of course, vary widely. I will keep doing a monthly update internally, but will post it here if anyone is interested. I would also love to see what results others are seeing if anyone wants to post that as well.
SPX
#FuzzyLEAPs
Rolled today’s (Feb 13th 2026) SPX 6840 Put to Feb 18th 2026 6800 Put @ 12.00.
CPI 2.4% in January, less than expected
The consumer price index for January accelerated 2.4% from the same time a year ago, down 0.3 percentage point from the prior month, the Bureau of Labor Statistics reported Friday.
https://www.cnbc.com/2026/02/13/cpi-inflation-report-january-2026.html
The Hall of Revolving Presidents
Back by popular demand, in observance of Presidents’ Day (and trading holiday) on Monday, it’s something like the 9th annual Hall of Revolving Presidents. Click “Home/Refresh” or refresh your browser to change the featured President.
SPY
Added.
Sold SPY Mar 20 2026 635.0 Put @ 4.15
Sold SPY Mar 20 2026 645.0 Put @ 5.24
TQQQ,
STO March 27, $40 puts at 1.75
SPX rolls
Rolled $SPX Feb 12 6920 put out to Feb 13 6950 put @ 7.90 credit
Rolled $SPX Feb 12 6860 put out to Feb 13 6860 put @ 20.90 credit
SPY
STO March 27, 625 puts at 3.98
STO March 27, 620 puts at 3.59
SPX
Rolled SPX Feb 12 2026 6925.0 Puts to Feb 13 2026 6925.0 Puts @ 13.50 credit (42.60 total now)
Rolled SPX Feb 12 2026 6930.0 Puts to Feb 13 2026 6930.0 Puts @ 13.45 credit (41.85 total now)
Ladder:
Rolled SPX Feb 12 2026 6850.0 Put to Feb 20 2026 6800.0 Put @ 32.75 credit (78.75 total now)
SPY
Starter (again) 🙂 🙂 :
Sold SPY Mar 20 2026 640.0 Put @ 4.30
Sold SPY Mar 20 2026 650.0 Put @ 5.42
More CE Spreads
Sold 1 CE 02/20/2026 70/65 Bear Call Spread at $0.70 Credit
Sold 1 CE 02/20/2026 40/45 Bull Put Spread at $0.30 Credit
SPX
#onlyspreads
STO SPX 19 FEB 2026 6615/6610 PUT @.40
STO SPX 19 FEB 2026 6635/6630 PUT @.45
STO SPX 19 FEB 2026 6625/6620 PUT @.40
Thursday Trades
Added a tiny bit of OGN at $6.69
Added a tiny bit of PAYX at $92.80
#FallingKnife
Sold a tiny bit more of UPS at $121.21
Sold the last of my tiny position in TAP at $54.01 (Cost $44)
#FormerFallingKnife
Sold CE 02/20/2026 45.0 Puts at $0.35 and $0.40
Sold 1 HPQ 02/13/2026 18.0 Put at $0.14
XSP rolls 2/12/26
#FuzzyLEAPs Seems like we’ve had a pattern lately of opening higher then pulling back into the negative, before ending day near even. Today my orders for both 693 and 696 are in for 1.20. I have to leave for a couple hours so we’ll see what has filled when I get back.
And before I pressed Post…
Rolled $XSP Feb 12th 693 puts to Feb 13th 693 puts, 1.20 credit
SLV GLD Expiration
SLV 50/55 Bull Put Spread
SLV 61/66 Bull Put Spread
SLV 70/73 Bull Put Spread
SLV 82/81 Bear Call Spread
GLD 438/445 Bull Put Spread
GLD 440/448 Bull Put Spread
CAG CE DOW Options
Sold 1 CAG 02/13/2026 20.0 Covered Call at $0.17
Sold 1 CE 02/20/2026 50.0 Put at $0.90
Sold 1 CE 02/20/2026 70/65 Bear Call Spread at $1.15 Credit
Sold 1 DOW 02/13/2026 36.5/35.0 Bear Call Spread at $0.36 Credit
SPX
#FuzzyLEAPs
I remembered that I’m going to be tied up tomorrow, so:
Rolled tomorrow’s (Feb 12th 2026) SPX 6850 Put to Feb 17th 2026 6850 Put @ 12.00.
(Got filled on the dip this afternoon.)
Still 2/4 LEAPs uncovered.
Whiz Freebie Today (if you’re interested)
3 minutes to about 35 minutes is the main part. After that goes into the psychadelic stocks. Then after that more interesting stuff at about 40 minutes in. Some interesting AI info.
SPX
And the rest:
Rolled SPX Feb 11 2026 6925.0 Puts to Feb 12 2026 6925.0 Puts @ 12.00 credit (27.10 total now)
Rolled SPX Feb 11 2026 6930.0 Puts to Feb 12 2026 6930.0 Puts @ 12.50 credit (28.40 total now)
SPX
Ladder adjustments on the morning swoon. Sitting on the rest for now.
Rolled SPX Feb 11 2026 6850.0 Put to Feb 19 2026 6850.0 Put @ 32.00 credit (82.50 total now)
Rolled SPX Feb 12 2026 6825.0 Put to Feb 12 2026 6850.0 Put @ 4.00 credit (46.00 total now)
Rolled SPX Feb 13 2026 6800.0 Put to Feb 13 2026 6850.0 Put @ 8.25 credit (77.10 total now)
Rolled SPX Feb 17 2026 6800.0 Put to Feb 17 2026 6825.0 Put @ 4.50 credit (66.80 total now)
WYNN Put
Sold 1 WYNN 02/13/2026 104.0 Put at $0.31
Cash Management
No option trades for me today, but I have been slowly transferring some cash from the Fidelity money market fund (SPAXX) farther out the yield curve:
BTO BND @ 74.325 (starter position)
Added more VTIP @ 49.71 (full position now)
(BND is a general bond fund yielding just under 4%)
(VTIP is a TIPS fund yielding a little over 3.8%, and is adjusted for inflation)
(SPAXX yield is around 3.4%, and will fall farther with rate cuts)
Eventual goal is to have the safer side of my account more evenly spread among those three funds.
SPX put
Sold to open $SPX Feb 12 6860 put @ 9.40
XSP rolls 2/11/26
#FuzzyLEAPs
Rolled $XSP Feb 11th 693 puts to Feb 12th 693 puts, .70 credit. Tried to pick a low since this is decently OTM but we went even lower. Waiting on the 696 roll since that’s ATM right now.
VZ UPS CLX APA TAP DVN PAYX OGN stocks
Sold a tiny bit of VZ at $49.09 – bought at $40.00 in Sept of 2022
Sold a tiny bit more of UPS at $120.01
Sold a tiny bit more of CLX at $123.23 , $125.01 and $126.26
Sold the last tiny bit of APA at $28.01 and $28.02 (Cost $14.00)
Sold a tiny bit of TAP at $52.66
Sold a tiny bit more of DVN at $45.01
#FormerFallingKnife #RaisingCash
Added a tiny bit of PAYX at $94.80
Added a tiny bit of OGN at $7.73
#FallingKnife
January Jobs Report
#Jobs — Better than expected and UE drops.
Gain of +130,000 non-farm payroll jobs, vs. expected gain of 55K
Unemployment down by 0.1 at 4.3%
U6 unemployment 8.0%, down by 0.4
Labor force participation up 0.1 to 62.5%
Average hourly earnings up by 0.4%; +3.7% Y/Y
November jobs revised down by -15K to +41K
December jobs revised down by -2K to +48K
CLX DOW stocks
Sold a tiny bit more of CLX at $122.22
Sold a tiny bit more of DOW at $33.57
#FormerFallingKnife #RaisingCash
SPX
Rolled SPX Feb 10 2026 6925.0 Puts to Feb 11 2026 6925.0 Puts @ 8.60 credit (14.10 total now)
Rolled SPX Feb 10 2026 6930.0 Puts to Feb 11 2026 6930.0 Puts @ 9.50 credit (16.50 total now)
Shortening the ladder one rung:
Bought to Close SPX Feb 10 2026 6875.0 Put @ .50 (sold for 52.50)
Sold SPX Feb 11 2026 6930.0 Put @ 11.50
SPX put roll
Rolled $SPX Feb 10 6935 put out to Feb 11 6935 put @ 10.25 credit.
I may end up taking this off before the end of the day with the the reschedule jobs report tomorrow before the open.
GLD,
STO March 20, 400 puts at 1.10 for a small trade.
XSP roll 2/10/26
#FuzzyLEAPs
Rolled $XSP Feb 10th 693 to Feb 11th 693, .95 credit. (14.92 total since Jan 9th)
Going to leave my Feb 11th 696 and roll it tomorrow. (10.25 total since Jan 12th)
SPX
#FuzzyLEAPs
Taking more risk off the table:
BTC SPX Feb 11th 2026 6750 Put @ 0.75.
2/4 LEAPs uncovered now.
Monday Trades
Sold 1 SOXL 02/13/2026 34.0 Put at $0.07
Sold 1 SOXL 02/13/2026 34.5 Put at $0.07
Sold 1 SOXL 02/13/2026 35.0 Put at $0.08
Sold MSTX 02/13/2026 2.0 Puts at $0.10 and $0.13
Sold DOW 33.5 Covered Call at $0.18
Sold 1 BOIL 22.5 Covered Call at $0.25
Sold a tiny bit of LW stock at $51.76
Closing SPX short put
Bought to close $SPX Feb 10 6850 put @ .90, taking 9.85 profit and leaving the paired LEAP short synthetic uncovered (Dec 2029 6900/6900/7300).
XSP rolls 2/9/26
#FuzzyLEAPs
Rolled $XSP Feb 9th 693 puts to Feb 10th 693 puts, .80 credit.
Earlier, rolled Feb 10th 696 put to Feb 11th 696 put, .90 credit. I rolled this a day ahead since premium was decent, however now that it’s ATM I wish i was same day and not a day ahead. I also was trying to add another but missed my fill in the morning and then this took off. Could have gotten over 6.00 in the morning.
XSP update
Been running 5 contracts of Dec 2027 660/660/700 and one roll up to 680/680/720 since Nov 21st.
Booking everything for a gain of 90 points total. Reloading to Dec 2028 and only buying puts. The call spreads in a smaller account take up a lot of valuable buying power so leaving those out and buying just 10 puts. Selling 5 daily and laddering the rest starting about a week out.
EDIT: for full disclosure I had a 30 point loss initially in this account due to multiple early assignments on SPY. XSP has made that all back plus another 60 points just since Nov 21st. Fills have been fine with no issues.
SPX
After some rolls officially booking the gains today.
Bought to Close SPX Feb 09 2026 6910.0 Put @ .50 (sold for 25.00)
Bought to Close SPX Feb 09 2026 6910.0 Puts @ .50 (sold for 92.60)
Bought to Close SPX Feb 09 2026 6910.0 Puts @ .50 (sold for 97.90)
Sold SPX Feb 10 2026 6925.0 Puts @ 6.50
Sold SPX Feb 10 2026 6930.0 Puts @ 7.00
Keeping the ladder going:
Bought to Close SPX Feb 09 2026 6850.0 Put @ .15 (sold for 32.50)
Sold SPX Feb 18 2026 6875.0 Put @ 25.15
SPY
Taking about half six weeks early.
Bought to Close SPY Mar 20 2026 610.0 Put @ 1.46 (sold for 4.00)
Bought to Close SPY Mar 20 2026 620.0 Put @ 1.80 (sold for 4.33)
Bought to Close SPY Mar 20 2026 630.0 Put @ 2.25 (Sold for 4.25)
Bought to Close SPY Mar 20 2026 640.0 Put @ 2.85 (sold for 5.25)
SPX
With SPX bumping up close to 7,000 again, I decided to reduce risk, so:
BTC Feb 10th 2026 6815 Put @ 0.95 debit (60.80 total credit now). Planning to leave the associated LEAP uncovered.
TQQQ,
I covered all my short put positions for a small profit and now have very little exposure to the market.
SPX roll
Rolled $SPX Feb 9 6935 put out to Feb 10 6935 put @ 8.95 credit
SPX
#onlyspreads
BTC SPX 10 FEB 2026 6655/6650 PUT @.05
SPX
#FuzzyLEAPs
Rolled today’s (Feb 9th 2026) SPX 6900 Put to Feb 13th 6840 Put @ 15.50 (70.60 total now)
Earnings 2/9 – 2/13
Econ Calendar 2/9 – 2/13
SPX
#onlyspreads
late-fills-yesterday
BTC SPX 10 FEB 2026 6635/6630 PUT @.05
BTC SPX 10 FEB 2026 6645/6640 PUT @.05
OptionsExpiration
GLD 490/487 Bear Call Spread
SLV 87/82 Bear Call Spread
SOXL 48/52 Bull Put Spread
SOXL 73/63.5 Bear Call Spread
#OnlySpreads
HPQ 18.0 Put
BOIL 12.5 Put
BOIL 13.0 Put
BOIL 13.5 Put
BOIL 14.0 Puts
CMG 31.5 Put
CNC 34.0 Put
SMCI 24.5 Put
PSKY 10.5 Puts
SOXL 40.0 Put
SOXL 39.5 Put
SOXL 39.0 Put
#TinyPuts
BOIL 22.0 Covered Call – should have been assigned but was not
CAG 20.0 Covered Calls
HPQ 20.5 Covered Calls
DOW 32.0 Covered call
#EveryLittleBitHelps
TQQQ
BTC Feb. 27, 45 puts at 1.40 which I sold at 1.60, just to reduce my risk.
SPX
Added 1 Dec 2030 7000/7000/7400 @ 562.00 debit
Sold SPX Feb 09 2026 6910.0 Put @ 25.00
SPX rolls
Rolled $SPX Feb 6 6935 put out to Feb 9 6935 put @ 6.75 credit
Rolled $SPX Feb 6 6750 put up and out to Feb 9 6780 put @ 8.70 credit
SPX
#FuzzyLEAPs
Rolled today’s (Feb 6th 2026) 6900 Put to Feb 12th 2026 6850 Put @ 15.00
Happy to get my target premium and reduce risk by rolling down at the same time.
SPX
Early roll today on the bounce.
Rolled SPX Feb 06 2026 6915.0 Puts to Feb 09 2026 6910.0 Puts @ 5.00 credit (92.55 total now)
Rolled SPX Feb 06 2026 6850.0 Put to Feb 17 2026 6800.0 Put @ 32.70 credit (62.30 total now)
Jobs Report delayed
I missed this but it’s now scheduled for Wednesday, Feb 11th.
AMZN
Just for fun.
Sold AMZN FEB 20 2026 230.0/225.0 Bull Put Spreads @ 2.80
XSP rolls 2/5/26
#FuzzyLEAPs
Rolled $XSP Feb 5th 693 puts to Feb 9th 693 puts, .80 credit.
Working on 696 roll.
Had a fat-fingered mistake yesterday since I just started incorporating a second account, but misallocated the rolls, so one account got slammed by today’s drop and the other benefited by not participating.
SPX 0DTE roll
Rolled $SPX Feb 5 6925 put out to Feb 6 6925 put @ .80 credit
SPX
Rolled SPX Feb 05 2026 6920.0 Puts to Feb 06 2026 6915.0 Puts @ .05 credit (87.55 total now)
Rolled SPX Feb 05 2026 6850.0 Put to Feb 13 2026 6800.0 Put @ 34.05 credit (68.85 total now)
Rolling LEAPS
Took 61.50 profit on the $SPX Dec 2029 synthetic short (long 6800 puts+short 6800/7200 spread) and rolled it out a year to Dec 2030 same strikes (6800/6800/7200) for 54.00 debit.
#FuzzyLeaps
SPY
Adding.
Sold SPY Mar 20 2026 620.0 Put @ 4.33
EDIT:
Filled on another while I was out.
Sold SPY Mar 20 2026 610.0 Put @ 4.00
SPX
#FuzzyLEAPs
Rolled today’s (Feb 5th 2026) 6825 Put to Feb 11th 2026 6750 Put @ 15.50.
Jobs numbers worse than forecast and the market is down. Is today the day when bad news became bad again?
SPX
Rolled SPX Feb 04 2026 6925.0 Puts to Feb 05 2026 6920.0 Puts @ 4.80 credit (87.50 total now)
Bought to Close SPX Feb 04 2026 6850.0 Put @ .05 (sold for 30.70)
Sold SPX Feb 12 2026 6825.0 Put @ 42.00
SPX
#onlyspreads
STO SPX 10 FEB 2026 6645/6640 PUT @.40
STO SPX 10 FEB 2026 6635/6630 PUT @.40
GLD SLV Expiration
GLD 475/470 Bear Call Spread
SLV 100/96 Bear Call Spread
SWK Stock
Dumped my entire stock position in SWK for a small overall gain at $85.01
(Actually made a bit more money when I sold the Jan 16th 57.5 put just last month)
SLV Trades
Sold 1 SLV 02/11/2026 105/100 Bear Call Spread at $0.33 Credit
Rolled 1 SLV 02/04/2026 77/86 Bull Put Spread to 1 SLV 02/6/2026 73.5/85 Bull Put Spread at $0.08 Credit
Wednesday Trades
Bought to close 1 CMG 02/06/2026 32.0 Put at $0.01
Bought to close 1 CMG 02/06/2026 32.5 Put at $0.01
Bought to close 1 CMG 02/06/2026 33.0 Put at $0.01
Replaced these by selling 1 SOXL 02/06/2026 39.0 Put at $0.13 and
by selling 1 CNC 02/06/2026 34.0 Put at $0.15
#TinyPuts
Sold CAG 02/06/2026 20.0 Covered Calls at $0.05
#EveryLittleBitHelps
Sold the last of my BAX position at $21.03
Sold a tiny bit more of CLX at $117.01
Sold a tiny bit more of COP at $106.20
Sold a tiny bit more of DOW at $32.09
Sold a tiny bit more of DVN at $42.32
Sold a tiny bit more of LYB at $56.90
Sold a tiny bit more of UPS at $114.30 and a larger trade at $114.51
Sold a tiny bit more of VFC at $21.41
#FormerFallingKnife #RaisingCash
Bought a tiny bit more of PAYX at $96.80
#FallingKnife
SPX
#onlyspreads
STO SPX 10 FEB 2026 6655/6650 PUT @.40
XSP rolls 2/4/26
#FuzzyLEAPs Since we were opening ATM I put the order in early and was filled 5 minutes after the open.
Rolled $XSP Feb 4th 693 put to Feb 5th 693 put, 1.25 credit.
Waiting on my 696 puts
SPX
#FuzzyLEAPs
Rolled today’s (Feb 4th 2026) 6875 Put to Feb 10th 2026 6815 Put @ 16.35.
HPQ Put
Sold 1 HPQ 02/06/2026 18.0 Put at $0.10
DOW DVN LTB UPS VFC Stocks
Taking some gains near recent highs to build up some cash
Sold a tiny bit of DOW at 29.18 and 31.08
Sold a tiny bit of DVN at 41.31
Sold a tiny bit of LYB at 54.01
Sold a tiny bit of UPS at 113.01
Sold a tiny bit of VFC at 20.87
Gains all around
Options Bistro 