I was out all day so didn’t get too wrapped up in all the news. Here’s my take:
SPX unchanged on the week.
Free money!
Recent Updates
SPY
A few standing orders hit during the day.
Sold SPY Nov 20 2026 720.0 Puts @ 4.00
Sold SPY Nov 20 2026 725.0 Puts @ 4.00
Sold SPY Nov 20 2026 730.0 Puts @ 4.30
XSP
Rolled XSP 22 Oct 769 Put to 23 Oct 769 Put @ 1.00 Credit..
More PEP Puts closed
Bought to close 1 PEP 10/30/2026 120/125 Bull Put Spread at $0.01
IREN
#FORTHElove of 8 cents
#shortputs
#everylittlebithelps
#alittlebitisbetterthannada
Sto IREN 23 OCT 2026 23 PUT @.08
AAPL Calls
Sold 1 AAPL 10/26/2026 362.5/357.5 Bear Call Spread at $0.15 Credit
FIS LII KMB GIS stock
Sold a tiny part of my FIS stock position at $37.81. In at $33.00 avg cost
Sold all my tiny position in LII at $380.00. In at $376.26 avg cost.
Sold my tiny leftover position in KMB at $111.01. Bought at $96.00
Sold my tiny leftover position in GIS at $35.01 Bought at $33.00 avg cost
PEP Puts closed
Bought 1 PEP 10/23/2026 124/127 Bull Put Spread at $0.01
SPX rolls
Rolled $SPX Oct 22 7710 puts out to Oct 23 7700 puts @ 6.15 credit
Rolled $SPX Oct 22 7690 puts out to Oct 23 7680 puts @ 7.95 credit
Rolled $SPX Oct 22 7670 puts out to Oct 23 7660 puts @ 8.05 credit
Rolled $SPX Oct 22 7655 puts out to Oct 27 7625 puts @ 17.00 credit
Rolled $SPX Oct 22 7640 puts out to Oct 27 7610 puts @ 16.05 credit
Rolled $SPX Oct 22 7650 puts out to Oct 26 7620 puts @ 12.45 credit
SPX
Rolled SPX 22 Oct 7595 Put to SPX 27 Oct 7495 Put @ 5.35 Credit
Current Ladder
23 Oct 7530 Put
26 Oct 7580 Put
27 Oct 7495 Put
3 Leaps 7900 Dec 2030
Thursday trades
Sold all my tiny position in LHX at $252.00. In at $246.59 avg cost.
My 2nd profitable round trip on this one
Sold all my tiny position in MCD at $250.00. In at $247.67 avg cost.
Sold all my tiny position in ROL at $35.10. In at $32.5 avg cost.
Sold 1 IREN 10/30/2026 19.5/21.5 Bull Put Spread at $0.23 Credit
Sold MOS 10/23/2026 17.0 Puts at $0.10 and $0.20
#EveryLittleBitHelps
SPX
Out all day so an early roll.
Rolled SPX Oct 22 2026 7700.0 Puts to Oct 27 2026 7675.0 Puts @ 14.50 credit
SPX
#fuzzyleaps
Premarket:
Rolled SPX Oct 22 2026 7715 Put to Oct 27 2026 7690 Put @ 7.50 credit.
Ladder now:
Oct 23 7580 Put
Oct 26 7580 Put
Oct 27 7690 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7757
XSP
BTC XSP 21 Oct 765 Put @ 0.01…..Sold for 0.57….
STO XSP 22 Oct 769 Put @ 0.48…
SPX
BTC SPX Oct 21 7615 Put @ 0.10….
STO SPX Oct 26 7580 Put @ 5.30…
Current Ladder
22 Oct 7595 Put
23 Oct 7530 Put
26 Oct 7580 Put
3 Leaps 7900 Dec 2030
SPX
Rolled SPX Oct 21 2026 7725.0 Puts to Oct 26 2026 7700.0 Puts @ 16.00 credit
Rolled SPX Oct 23 2026 7850.0 Puts to Oct 30 2026 7850.0 Puts @ 11.50 credit
SPX rolls
Rolled $SPX Oct 21 7640 puts out to Oct 22 7640 puts @ 4.30 credit
Rolled $SPX Oct 21 7655 puts out to Oct 22 7655 puts @ 5.70 credit
Rolled $SPX Oct 21 7680 puts out to Oct 22 7670 puts @ 5.90 credit
Rolled $SPX Oct 21 7700 puts out to Oct 22 7690 puts @ 7.15 credit
Rolled $SPX Oct 21 7725 puts out to Oct 22 7710 puts @ 5.50 credit
Rolled $SPX Oct 21 7650 puts out to Oct 22 7650 puts @ 4.75 credit
SPX
#fuzzyleaps
Premarket:
Rolled SPX Oct 21 2026 7650 Put to Oct 26 2026 7580 Put @ 7.00 credit.
Ladder now:
Oct 22 7715 Put (ITM)
Oct 23 7580 Put
Oct 26 7580 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7712
SPX
Rolled SPX 20 Oct 7605 Put to SPX 23 Oct 7530 Put @ 5.55 Credit
Current Ladder
21 Oct 7615 Put
22 Oct 7595 Put
23 Oct 7530 Put
3 Leaps 7900 Dec 2030
XSP
BTC XSP 20 Oct 768 Put @ 0.01…..Originally STO on 10/13 as XSP 10/14 774 Put….
After 4 rolls total credit = $2.99..
STO XSP Oct 21 765 Put @ 0.57..
TSCO LVS IREN
Sold 1 TSCO 10/23/2026 28.0 Put at $0.10
Sold 1 LVS 10/23/2026 32/32.5 Bull Put Spread at $0.11 Credit
Bought 1 IREN 10/30/2026 22.5 Put / Sold 1 IREN 10/23/2026 25.0 Put at $0.10 Diagonal Credit
#EveryLittleBitHelps
SPX
Just for fun.
Sold today’s 7700/7705 Bear Call Spreads @ 4.45
SPX
Just before the rally. 🙂
Rolled SPX Oct 20 2026 7725.0 Puts to Oct 23 2026 7700.0 Puts @ 14.50 credit
Tuesday Trades
Sold 1 TTD 10/23/2026 13.5 Covered Call at $0.04
Sold 1 CPB 10/23/2026 20.0 Covered Call at $0.20
Sold 1 LVS 10/23/2026 33.5 Put at $0.08
Sold 1 BOIL 10/23/2026 18.5 Put at $0.16
Sold 1 BOIL 10/23/2026 18.0 Put at $0.12
Sold 1 MOS 10/23/2026 17.5 Put at $0.20
Sold 1 NFLX 10/23/2026 Bull Put 61/62 Spread at $0.13 Credit
SPX
Adding again.
Sold Nov 20 2026 7950/7955 Bear Call Spreads @ 1.25
XSP roll 10/20/26
#FuzzyLEAPs I’ll be traveling Thur-Mon so this roll puts me to Tuesday…
Rolled $XSP Oct 20th 780 puts DOWN to Oct 27th 779 puts, .70 credit
SPX rolls
Rolled $SPX Oct 20 7650 puts out to Oct 21 7640 puts @ 8.05 credit
Rolled $SPX Oct 20 7665 puts out to Oct 21 7655 puts @ 8.20 credit
Rolled $SPX Oct 20 7665 puts out to Oct 21 7650 puts @ 6.90 credit
SPX
#fuzzyleaps
Premarket:
Rolled SPX Oct 20 2026 7655 Put to Oct 23 2026 7580 Put @ 7.40 credit.
Ladder now:
Oct 21 7650 Put
Oct 22 7715 Put (ITM)
Oct 23 7580 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7690
XSP
Rolled XSP 19 Oct 770 Put to 20 Oct 768 Put @ 0.55 Credit
OptionsExpiration
1 SLV 48.5/49 Bull Put Spread
Monday trades
Sold 1 FIS 10/23/2026 37.0 Covered Call at $0.25
Sold 1 TSCO 10/23/2026 28/29.5 Bull Put Spread at $0.12 Credit
Sold 1 CMCSA 10/23/2026 19.5 Put at $0.09
Sold 1 PCG 10/23/2026 12.0 Put at $0.06
XSP roll 10/19/26
#FuzzyLEAPs
Rolled $XSP Oct 19th 778 puts to Oct 21st 778 puts, .30 credit
SPX
Adding.
Sold Nov 20 2026 7950/7955 Bear Call Spreads @ 1.20
QQQI
#exdiv on the 21st
#dividendcapture
then put in BTC
BOT QQQI @54.33
SPY
Out again. 🙂 🙂
Taking a third of max in a day.
Bought to Close SPY Nov 20 2026 705.0 Puts @ 2.15 (sold for 4.05)
Bought to Close SPY Nov 20 2026 710.0 Puts @ 2.38 (sold for 4.00)
Bought to Close SPY Nov 20 2026 715.0 Puts @ 2.64 (sold for 4.00)
Bought to Close SPY Nov 20 2026 720.0 Puts @ 2.95 (sold for 4.00)
Bought to Close SPY Nov 20 2026 725.0 Puts @ 3.25 (sold for 4.50)
Bought to Close SPY Nov 20 2026 730.0 Puts @ 3.66 (sold for 5.00)
SPX roll
Rolled $SPX Oct 19 7675 puts out to Oct 20 7665 puts @ 6.30 credit
#fuzzyleaps I edited my “SPX…
#fuzzyleaps
I edited my “SPX Musings” post, but the upshot is that I am back to targeting around $700 per day premium on my 3 LEAPs.
Premarket:
Rolled SPX Oct 19 2026 7735 Put to Oct 22 2026 7715 Put @ 7.20 credit.
Ladder now:
Oct 20 7655 Put
Oct 21 7650 Put
Oct 22 7715 Put (ITM)
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7659
SPX
A little bounce so rolling pre market.
Daily:
Rolled SPX Oct 19 2026 7765.0 Puts to Oct 23 2026 7745.0 Puts @ 1.50 credit
Ladder:
Rolled SPX Oct 19 2026 7725.0 Puts to Oct 22 2026 7700.0 Puts @ 9.00 credit
Earnings 10/19 – 10/23
Econ Calendar 10/19 – 10/23
SPX rolls
Rolled $SPX Oct 16 7700 out to Oct 21 7680 puts @ 9.30 credit
Rolled $SPX Oct 16 7715 out to Oct 21 7700 puts @ 5.30 credit
Rolled $SPX Oct 16 7735 out to Oct 21 7725 puts @ 1.65 credit
Rolled $SPX Oct 16 7675 out to Oct 20 7650 puts @ 12.40 credit
Rolled $SPX Oct 16 7685 out to Oct 20 7665 puts @ 9.35 credit
Rolled $SPX Oct 16 7685 out to Oct 19 7675 puts @ 6.70 credit
XSP
Rolled XSP 16 Oct 770 Put to XSP Oct 19 770 Put @ 0.75 Credit..
SPX
Rolled SPX 16 Oct 7685 Put to SPX Oct 21 7615 Put @ 5.25 Credit….
Rolled SPX 19 Oct 7595 Put to SPX Oct 22 7595 Put @ 5.75 Credit…
Current Ladder
20 Oct 7605 Put
21 Oct 7615 Put
22 Oct 7595 Put
3 Leaps 7900 Dec 2030
SPY
Back in again.
Sold SPY Nov 20 2026 705.0 Puts @ 4.05
Sold SPY Nov 20 2026 710.0 Puts @ 4.00
Sold SPY Nov 20 2026 715.0 Puts @ 4.00
Sold SPY Nov 20 2026 720.0 Puts @ 4.00
Sold SPY Nov 20 2026 725.0 Puts @ 4.50
Sold SPY Nov 20 2026 730.0 Puts @ 5.00
QQQI
#expirestoday
#shortputs
#everylittlebithelps
STO QQQI 16 OCT 26 53 PUT @.02
IREN
#rolling
STO IREN FROM 19 FEB 27 60 PUT /to 16 JUL 27 60 put/ @1.07
STO IREN from 19 FEB 27 50 PUT/to 21 MAY 27 50 put / @1.25
SPX
#fuzzyleaps
Premarket:
Rolled SPX Oct 16 2026 7715 Put to Oct 21 2026 7650 Put @ 5.50 credit.
Ladder now:
Oct 19 7735 Put
Oct 20 7655 Put
Oct 21 7650 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7744
IREN Puts
Sold 1 IREN 10/16/2026 25/27 Bull Put Spread at $0.13 Credit
#EveryLittleBitHelps
PEP stock
Sold out of my last tiny PEP position at $131.01
XSP
Rolled XSP 15 Oct 774 Put to XSP 16 Oct 770 @ 0.44 Credit….
SPY
One night stand.
Bought to Close SPY Nov 20 2026 725.0 Puts @ 2.94 (sold for 3.95)
Bought to Close SPY Nov 20 2026 730.0 Puts @ 3.30 (sold for 4.00)
SPX
2030 is a LONG way off. Any roll downs especially for credits is more profits on the back end at expiration if the drop continues for 4 more years. One of these days we won’t get a V shaped recovery and these roll downs will really pay off. We’ll be able to sell all of these strikes again on a gradual rise. I’ve got no problem rolling down especially when it’s not a violent move. Only good can come from it. Patience grasshopper. 🙂 🙂
Using the bounce for tomorrow’s rolls too. Attending the National Long Drive Championships tomorrow. 🙂 🙂
Daily:
Going out a week with two thirds of my position. Have the other third on Monday.
Rolled SPX Oct 16 2026 7775.0 Puts to Oct 23 2026 7750.0 Puts @ 7.00 credit
Rolled SPX Oct 16 2026 7765.0 Puts to Oct 23 2026 7725.0 Puts @ 2.30 credit
Ladder:
Rolled SPX Oct 15 2026 7750.0 Puts to Oct 20 2026 7725.0 Puts @ 9.00 credit
Rolled SPX Oct 16 2026 7750.0 Puts to Oct 21 2026 7725.0 Puts @ 3.30 credit
Holding down the front lines. Hang tough boys!!
Rolled SPX Oct 16 2026 7850.0 Puts to Oct 23 2026 7850.0 Puts @ 4.50 credit
TLT
Taking the quickie on the big bounce.
Sold to Close 15 TLT Jan 21 2028 80.0/100.0 Bull Call Spreads @ 4.32 (bought for 3.45)
SPX rolls
The bounce is giving me a good opportunity to roll down on the dailies:
Rolled $SPX Oct 15 7700 puts out to Oct 16 7685 puts @ 6.45 credit
Rolled $SPX Oct 15 7720 puts out to Oct 16 7700 puts @ 4.50 credit
Rolled $SPX Oct 15 7730 puts out to Oct 16 7715 puts @ 4.35 credit
Rolled $SPX Oct 15 7745 puts out to Oct 16 7735 puts @ 3.55 credit
SPX
Rolled SPX 15 Oct 7680 Put to SPX 20 Oct 7605 Put @ 5.50 Credit
Current Ladder
16 Oct 7685 Put
19 Oct 7595 Put
20 Oct 7605 Put
3 Leaps 7900 Dec 2030
#fuzzyleaps
XSP rolls 10/15/26
#FuzzyLEAPs
Rolled $XSP Oct 15th 778 puts to Oct 19th 778 puts, .30 credit
Rolled $XSP Oct 15th 780 puts to Oct 20th 780 puts, .02 credit
Frankly, I’m very frustrated with my failure to properly track another drop. So I rolled early and am getting away from my screens for the day.
SPX
Trying to stay OTM, so I used my conservative target (see post below):
#fuzzyleaps
Premarket:
Rolled SPX Oct 15 2026 7705 Put to Oct 20 2026 7655 Put @ 5.50 credit.
Ladder now:
Oct 16 7715 Put
Oct 19 7735 Put (ITM)
Oct 20 7655 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7718
SPX Musings
I have been re-thinking my target premium again, in an effort to stay as conservative as possible, in case I decide to really scale up my allocation to #fuzzyleaps in the future. I just wanted to post my latest thinking, in order to let you guys chime in with criticisms, suggestions, etc.
I think that we can divide the premium we need to bring in, into 2 categories. One, we need to cover the cost of the LEAPs, and two, we would like to make some kind of profit on the cash allocated when all is said and done. With that in mind, let’s start with the LEAPs.
LEAPs Target:
At a bare minimum, it seems to me that we at least need to pay off our LEAPs by expiration (so 4 years in the future). Of course, the LEAPs won’t really be worth zero in 4 years, but assuming that they will be, establishes a conservative target threshold. Since I allocate enough money to cover several rollups over time, let’s call that $100,000 per LEAP that must be paid for over the 4-year period. Drilling that down to establish a minimum annual target leaves us with:
$100,000 / 4 = $25,000 premium needed per LEAP per year.
But, as I said, we also would like to make some kind of profit over the 4 years. The question is, what minimum number is reasonable? Here is my thinking on that.
Profit Target:
In order to participate in gains in SPX, one could simple buy and hold SPY. Long term, history says that doing that would result in an average (including dividends) of around 10% per year. Of course, the future can and will be different, but a 100-year track record is hard to argue with. So, if we want to try to beat that somehow using the SPX options market, what is a reasonable target to shoot for?
While I am tempted to try for some way higher number, such as 50%, what I am trying to establish here is a minimum, and therefore conservative, goal. For me, I think that doubling the buy-and-hold average is enough to make it worth the effort, but not so much that it’s too optimistic. So, let’s try using a 20% annual return target and see where that gets us.
$100,000 X 0.2 = $20,000 premium needed per LEAP per year.
So the total now is:
$25,000 + $20,000 = $45,000 needed per LEAP per year.
Divided by 250 trading days per year:
$45,000 / 250 = $180 needed per LEAP per day.
Multiplied by my current 3 LEAPs:
$180 X 3 = $540 total premium needed per day to achieve the stated goal.
So, if we are trying to establish a minimum threshold premium per day, this seems to me to be a reasonable target. Not so conservative as to make it not worth doing, but profitable enough to serve as a minimum goal. What do you guys think? Thanks in advance for any input!
Edit (on 10/19/2026):
After rethinking all of this over the weekend, I have decided to go back to targeting around 7.00 per day. Here’s why.
If I want to make 20% per year on my $100k per LEAP, that equals $20k. Divided by 250 trading days = .80 points per day per LEAP.
If I assume a 20% up year for the SPX, then my losses are 349 due to delta, and 41 due to theta (1-year), for a total of 390 points ($39,000) per LEAP. So, the total I need to bring in per day = 390/250 = 1.56 points per LEAP.
Adding the two = 2.36 points per day per LEAP, so 7.08 points per day for 3 LEAPs.
SPX
Rolled SPX 14 Oct 7705 Put to SPX 19 Oct 7595 Put @ 5.05 Credit
Current Ladder
15 Oct 7680 Put
16 Oct 7685 Put
19 Oct 7595 Put
3 Leaps 7900 Dec 2030
OptionsExpiration
AAPL 357.5/355 Bear Call Spread
MU 855/860 Bull Put Spread
SPCX 177.5/175 Bear Call Spread
VIX 10/14/2026 15.0 Put(AM)
#EveryLittleBitHelps
XSP
Rolled XSP 14 Oct 774 Put to XSP 15 Oct 774 Put @ 0.90 Credit
SPX SPY
Sometimes a VIX spike in a down move will increase premiums even on out of the money calls. Just to confuse Mr. Market throwing this starter position out there just inside the expected move.
Sold Nov 20 2026 7950/7955 Bear Call Spreads @ 1.35
And adding:
Sold SPY Nov 20 2026 725.0 Puts @ 3.95
XSP rolls 10/14
#FuzzyLEAPs. Well, here we are again at the start of a possible pullback, and yet again I’m stuck with my pants down. It was probably a mistake to not heed the CPI data release. I had figured before that I may want to let positions expire and not roll them before data releases, especially now when inflation & interest rates are more likely to be bad news than good. That would give me the chance to see how the market plays out and place a much lower strike if necessary. But I didn’t take that action.
My second mistake was not rolling at or soon after the open, in hopes we might just recover from the premarket dip. I had ample opportunity for a decent roll of 778 and a roll-down of 780 puts. But that’s now firmly gone and I’m faced with another period of stagnation with this strategy.
I just can’t crack it.
TMUS Puts
Bought to close 1 TMUS 10/16/2026 135/140 Bull Put Spread at $0.01
Sold on 10/09 at $0.35 Credit
IREN Spreads
Back in this one again
Sold IREN 10/16/2026 25/28 Bull Put Spread at $0.15 and $0.20 Credits
Sold 1 IREN 10/23/2026 25/27 Bull Put Spread at $0.24 Credit
SPX
Daily:
Rolled SPX Oct 14 2026 7775.0 Puts to Oct 16 2026 7765.0 Puts @ 1.00 credit
Rolled SPX Oct 14 2026 7780.0 Puts to Oct 19 2026 7765.0 Puts @ .25 credit
Ladder:
Rolled SPX Oct 14 2026 7750.0 Puts to Oct 19 2026 7725.0 Puts @ 9.00 credit
63 days now since my last roll up of LEAPs. Premium received since then of over 1050 points total. I’m calling that free money!
SPY
Starter near the 200 day (again 🙂 🙂 )
Sold SPY Nov 20 2026 730.0 Puts @ 4.00
TLT
Adding.
Bought to Open TLT Jan 21 2028 80.0/100.0 Bull Call Spreads @ 3.60
SPX rolls
Rolled $SPX Oct 14 7735 puts out to Oct 15 7720 puts @ 5.85 credit
Rolled $SPX Oct 14 7745 puts out to Oct 15 7730 puts @ 3.40 credit
Rolled $SPX Oct 14 7755 puts out to Oct 15 7745 puts @ 3.65 credit
Rolled $SPX Oct 14 7710 puts out to Oct 16 7675 puts @ 9.95 credit
Rolled $SPX Oct 14 7720 puts out to Oct 16 7685 puts @ 8.70 credit
SPX
Sold to Close Oct 23 2026 7675/7650 Bear Put Spread @ 6.60 (bought for 5.35)
SLV Puts
Sold SLV 10/16/2026 47.5/49 Bull Put Spreads at $0.15 and $0.21 Credits
Sold 1 SLV 10/16/2026 47/48.5 Bull Put Spread at $0.15
CPI rose 3.7% Y/Y as gas costs rise
The consumer price index, a broad measure of goods and services costs across the U.S. economy, rose a seasonally adjusted 0.6% for the month, putting the 12-month rate at 3.7%, the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones expected respective gains of 0.6% and 3.6%.
https://www.cnbc.com/2026/10/14/cpi-inflation-report-september-2026.html
#fuzzyleaps Premarket: Rolled SPX Oct…
#fuzzyleaps
Premarket:
Rolled SPX Oct 14 2026 7680 Put to Oct 19 2026 7735 Put @ 10.10 credit.
Expected move at time of trade: 7733
Ladder now:
Oct 15 7705 Put
Oct 16 7715 Put
Oct 19 7735 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7805
XSP
BTC XSP 13 Oct 776 Put @ 0.01…..Sold for 0.30…on a roll..
STO XSP 14 Oct 774 Put @ 0.35…
SPX
Rolled SPX 13 Oct 7690 Put to SPX 16 Oct (weekly) 7685 Put @ 5.00 Credit….
Current Ladder
14 Oct 7705
15 Oct 7680
16 Oct 7685
3 Leaps 7900 Dec 2030
