Finally a proper down day! Taking profits and reloading SPX broken wing butterflies. Attached screen shot that filled about 15 minutes ago. TOS was 10.40 Tasty was 10.45. I tend to find better prices on TOS on the way in but better prices on the way out at Tasty.
Taking another shot in this one
Sold 1 IREN 06/12/2026 44/48 Bull Put Spread at $0.75 Credit
Bought to closed1 TSLA 06/08/2026 490/480 Bear Call Spread at $0.01
Adding.
Sold SPY Jul 17 2026 690.0 Put @ 3.71
Sold SPY Jul 17 2026 680.0 Put @ 3.00
Sold SPY Jul 17 2026 670.0 Put @ 2.45
STC XBCI @31.32
STC BTCI @28.39
#EXITINGHIGHRISK
BTO OMAH @18.525
#dividends
What a difference a day makes…. big drawdown as I’m deep ITM on dailys with no premium available for rolling.
#Jobs — Much higher than expected again; UE holds.
Gain of +172,000 non-farm payroll jobs, vs. expected gain of 80K
Unemployment unchanged at 4.3%
U6 unemployment 8.1%, down by 0.1%
Labor force participation unchanged at 61.8%
Average hourly earnings up by 0.3%; +3.4% Y/Y
March jobs revised up by +29K to +214K
April jobs revised up by +64K to +179K
Just for fun. Starter down near the 200 day. Sold against some long 400s I bought earlier for a few cents.
Sold SPY Jul 17 2026 700.0 Puts @ 3.75
Bought to close BSX 06/05/2026 44/46.5 Bull Put Spreads at $0.01
Rolled 1 IREN 06/05/2026 58/60 Bull Put Spread to 1 IREN 06/12/2026 55/59 Bull Put Spread at $0.54 Credit
Rolled 1 UVXY 06/06/2026 26/30.5 Bull Put Spread to 1 UVXY 06/12/2026 26.5/30 Bull Put Spread at $0.03 Credit
Tightened up the spread a point
Rolled 1 MSTX 06/05/2026 13.0 Put to 1 MSTX 06/12/2026 12.0 Put at $0.32 Credit
Rolled 1 TSLA 06/05/2026 425/415 Bear Call Spread to 1 TSLA 06/08/2026 425/147.5 Bear Call Spread at $0.03 Credit
Tightened up the spread and raised the short strike 2.5 Points.
Also closed 1 TSLA 06/08/2026 487.5/477.5 Bear Call Spread at $0.01
Rolled SPX Jun 05 2026 7550.0 Puts to Jun 08 2026 7550.0 Puts @ 10.75 credit
Rolled SPX Jun 05 2026 7600.0 Put to Jun 08 2026 7600.0 Put @ 4.00 credit
SOLD CALENDAR IREN from-5 JUN 2026-to 18 JUN 2026/ 69 PUT @1.49
#rolling
US Jobs Soar By 172K In May, Smashing Estimates In 4 Sigma Beat; Unemployment Rate Remains At 4.3%
In a noteable change from previous months’ downware revisions, the change in total nonfarm payroll employment for March was revised up by 29,000, from +185,000 to +214,000, and the change for April was revised up by 64,000, from +115,000 to +179,000. With these revisions, employment in March and April combined is 93,000 higher than previously reported.
Sold a tiny bit of TROW at $108.01. Bought in 2023 at $93.00
Sold a bit more IP at $34.34. Bought in May at $29.43
#FormerFallingKnife
Started a tiny new position in T at $22.50
Added a tiny bit to an old position in WU at $7.75
#FallingKnife
Rolled $XSP June 4th 760 puts to June 5th 760 puts, .75 credit
Rolled $XSP June 4th 758 puts to June 5th 758 puts, 1.22 credit
SPX, Rolled the June 4, 7550 puts to June 5, 7545 puts for a credit of 9.00
Rolled $SPX Jun 4 7560 puts out to Jun 5 7560 puts @ 11.70 credit
Rolled $SPX Jun 4 7565 puts out to Jun 5 7565 puts @ 12.15 credit
Rolled $SPX Jun 4 7570 puts out to Jun 5 7570 puts @ 12.10 credit
#fuzzyleaps
Rolled SPX Jun 3 2026 7575 Put to Jun 4 2026 7575 Put @ 12.00 credit.
Rolled SPX Jun 3 2026 7550 Put to Jun 4 2026 7550 Put @ 10.00 credit.
Rolled SPX Jun 3 2026 7525 Put to Jun 4 2026 7525 Put @ 7.00 credit.
Bought 1 MRVL 06/05/2026 160/170 Bull Put Spread at $0.02
Sold 1 MRVL 06/05/2026 220/240 Bull Put Spread at $0.31 Credit
#DoubleDip
Sold 1 MRVL 06/05/2026 360/340 Bear Call Spread at $2.23 Credit
Sold 1 MRVL 06/12/2026 222.5/260 Bull Put Spread at $0.56 Credit
Bought to close 1 TSLA 06/03/2026 452.5/442.5 Bear Call Spread at $0.01
Sold 1 TSLA 06/08/2026 490/480 Bear Call Spread at $0.18
Sold 1 TSLA 06/08/2026 487.5/477.5 Bear Call Spread at $0.23
#FuzzyLEAPs
Rolled $XSP June 3rd 758 puts to June 4th 758 puts, 1.20 credit
Asking same price to roll 760 puts
Didn’t post yesterday but I now have 758 and 760 short dailys, and I rolled the 720 LEAP spread up to 760. LEAPs now at 730, 740, and 760. Account values back to moving upward after quite a time of going sideways.
STO IREN 5 JUN 2026 69 PUT @3.40
#shortputs
Rolled $SPX Jun 3 7560 puts out to Jun 4 7560 puts @ 7.80 credit
Rolled $SPX Jun 3 7565 puts out to Jun 4 7565 puts @ 8.50 credit
Rolled $SPX Jun 3 7570 puts out to Jun 4 7570 puts @ 9.45 credit
#FuzzyLEAPs
Out all day tomorrow so rolling to Friday.
Rolled SPX Jun 03 2026 7550.0 Puts to Jun 05 2026 7550.0 Puts @ 14.25 credit
Rolled SPX Jun 03 2026 7600.0 Put to Jun 05 2026 7600.0 Put @ 18.80 credit
Sold 1 BOIL1 06/05/2026 16.0 Covered Call at $0.02
Sold CAG 06/05/2026 16.0 Covered Calls at $0.02
#EveryLittleBitHelps
Bought to close 1 TSLA 06/03/2026 362.5/382.5 Bull Put Spread at $0.01
Bought to close 1 TSLA 06/03/2026 375/395 Bull Put Spread at $0.01
Bought to close 1 MDT 06/05/2026 66.0 Put at $0.01
Sold 1 FISV 06/05/2026 51.0 Put at $0.12
Sold 1 CAG 06/05/2026 12.5 Put at $0.08
Sold 1 MSTX 06/05/2026 13.0 Put at $0.06
#TinyPuts
Added a tiny bit of CMCSA stock at $24.50
Added a tiny bit of FIS stock at $41.08
Added a tiny bit of GIS stock at $32.50
Added a tiny bit of TSCO stock at $29.42
#FallingKnife
Bought to close 1 MRVL 06/05/2026 135/150 Bull Put Spread at zero debit
Sold 1 TSLA 06/10/2026 485/475 Bear Call Spread at $0.34 Credit
#fuzzyleaps
Rolled SPX Jun 2 2026 7575 Put to Jun 3 2026 7575 Put @ 5.50 credit.
Rolled SPX Jun 2 2026 7550 Put to Jun 3 2026 7550 Put @ 3.25 credit.
Rolled SPX Jun 2 2026 7525 Put to Jun 3 2026 7525 Put @ 2.00 credit.
Rolled Dec 2030 7500 puts up to 7600 puts @ 26.30 debit
Rolled Jun 2 7520 puts out to Jun 3 7560 puts @ 4.65 credit
Rolled Jun 2 7525 puts out to Jun 3 7565 puts @ 5.10 credit
Rolled Jun 2 7530 puts out to Jun 3 7570 puts @ 5.95 credit
STO January 2028, 45 puts at 8.25
Pretty typical. Nearly always get filled between 26.50 and 27.00
Rolled Dec 2030 7500 to 7600 @ 26.70 debit
Rolled SPX Jun 02 2026 7550.0 Puts to Jun 03 2026 7550.0 Puts @ 6.50 credit
Trying again to #TakeOneForTheTeam
Rolled SPX Jun 02 2026 7550.0 Put to Jun 03 2026 7600.0 Put @ 24.25 credit
Added a tiny bit to my CAG stock position at $13.00
Added a tiny bit to my TAP stock position at $39.00
#FallingKnife
Sold tiny bits of IP stock at $33.83 and $34.01
Sold my entire small position of ARE at $51.08
#FormerFallingKnife
Sold 1 CE 06/19/2026 65.0 Covered Call at $0.45
#EveryLittleBitHelps
#fuzzyleaps
STO SPX Jun 2 2026 7575 Put @ 7.00 credit.
Rolled SPX Jun 1 2026 7550 Put to Jun 2 2026 7550 Put @ 3.25 credit.
Rolled SPX Jun 1 2026 7525 Put to Jun 2 2026 7525 Put @ 2.00 credit.
I was busy most of the day and didn’t get to look at the market until after 2:00 PM Central time, so these were late trades near the close.
#FuzzyLEAPs
Rolled $XSP June 1st 754 puts to June 2nd 754 puts, .80 credit
Rolled UP June 1st 750 puts to June 2nd 758 puts, .74 credit
Bought to close 1 TSLA 06/01/2026 495/480 Bear Call Spread at $0.01
Bought to close 1 TSLA 06/01/2026 365/380 Bull Put Spread at $0.01
Bought to close 1 TSLA 06/03/2026 510/500 Bear Call Spread at $0.01
Replaced them with these:
1 TSLA 06/03/2026 382.5/392.5 Bull Put Spread at $0.21 Credit
1 TSLA 06/03/2026 452.5/442.5 Bear Call Spread at $0.35 Credit
1 TSLA 06/08/2026 365/375 Bull Put Spread at $0.39 Credit
1 TSLA 06/10/2026 370/380 Bull Put Spread at $0.35 Credit
Rolled $SPX Jun 1 7520 puts out to Jun 2 7520 puts @ 5.65 credit
Rolled $SPX Jun 1 7525 puts out to Jun 2 7525 puts @ 6.20 credit
Rolled $SPX Jun 1 7530 puts out to Jun 2 7530 puts @ 6.80 credit
#FuzzyLEAPs
Sold 1 BSX 06/05/2026 44/46.5 Bull Put Spread at $0.34 Credit
Sold 1 MRVL 06/05/2026 160/170 Bull Put Spread at $0.63 Credit
Sold 1 TSLA 06/12/2026 355/375 Bull Put Spread at $0.69 Credit
Sold 1 UVXY 06/05/2026 35/32.5 Bear Call Spread at $0.24 Credit
Sold 1 BOIL1 06/05/2026 12.0 Put at $0.10
Sold 1 BSX 06/05/2026 46.0 Put at $0.20
Sold 1 BSX 06/05/2026 46.5 Put at $0.30
Sold 1 CAG 06/05/2026 13.0 Put at $0.15
Sold 1 MDT 06/05/2026 66.0 Put at $0.16
Sold 1 MSTX 06/05/2026 18.0 Put at $0.06
#TinyPuts
Sold CPB 06/05/2026 24.0 Covered Calls at $0.01
Sold TSCO 06/05/2026 32.5 Covered Calls at $0.25
#EverylittleBitHelps
Sold out my tiny position in KDP at $30.30. Bought on 04/06 at $25.00
#FormerFallingKnife
Rolled SPX Jun 01 2026 7525.0 Puts to Jun 02 2026 7550.0 Puts @ 9.00 credit
Rolled SPX Jun 01 2026 7550.0 Puts to Jun 02 2026 7550.0 Puts @ 6.00 credit
Sold out my tiny BBY stock position at $77.10.
Bought on 04/29 at $58.40.
#FormerFallingKnife
MRVL 120/130 Bull Put Spread
BAX 22.0 Covered Calls
BOIL1 16.0 Covered Call
TSCO 32.0 Covered Call
TSCO 32.5 Covered Call
TSCO 36.0 Covered Call
TZA 8.5 Covered Calls
TZA 9.5 Covered Call
BSX 48.0 Put
CAG 13.0 Put
HRL 19.0 Puts
MSTX 22.0 Put
ASSIGNMENTS:
KHC 24.0 Covered Calls (closed only 1 penny over the strike price)
SPCE 5.5 Covered Calls (been fighting this one since 3 different 2025 Put assignments at $4.07 avg price)
Here’s an even more extreme example of how this works even in a beyond ridiculous up market. In my daughter’s account I started with one contract on April 15th. This was just after the market bottomed and had gapped up above the 50 day moving average. Since then SPX has gone up another 10 percent in 6 weeks. So how did one contract do?
Here’s the actual numbers:
Building positions:
01 added in Apr 2026
Lots of roll ups (5 total) eventually getting everything to 7500 strike in 2030 expiration.
Total Cost to this point:
89,030.00
Total credit to close LEAP:
72,500.00
Loss on LEAPS:
-16,530.00
Total premium received:
37,896.00
===================
Total gain:
21,366.00
===================
Not bad considering how awful my entry timing was. VIX was still a little high and obviously I never imagined a run up like we’ve had. BUT STILL GREAT RETURNS (208 percent annualized). Crazy when you consider this is about as bad as it can get fighting an up move.
I’m now one week short of being in the new positions for 3 months. Started these in the new ROTH IRA on March 5th 2026. Somewhere earlier I said that 2025 was about as bad as it could get needing to manage these to the upside where I feel most of the risk is. Boy was I wrong! How has the SPX strategy fared during this most recent historic massive run up?
Here’s the actual numbers:
Building positions:
15 added in Mar 2026
08 added in Apr 2026
02 added in May 2026
Lots of various sized roll ups (6 total) eventually getting everything to 7500 strike in 2030 expiration.
Total Cost to this point:
2,327,258.00
Total credit to close LEAPS:
1,812,500.00
Loss on LEAPS:
-514,758.00
Total premium received:
1,179,132.00
===================
Total gain:
664,374.00
===================
It’s nice to see that it’s still working pretty good in this crazy market. Typically the worst I’ve seen to this point over the last 3 years is keeping about 70 percent of premium received. In this market that number has dropped to about 56 percent. STILL GREAT PROFITS (114% annualized) but imagine what this will (could be) in a more normal market! Gonna keep plugging away and adding as I can. Assuming no implosion the next big add to the LEAPS could come in a couple weeks. Planning on adding 5 at a time and then recovering cash. As the position grows bigger the cash will be recovered even quicker. That’s the SPX Snowball rolling downhill!!
Good luck everyone!
#fuzzyleaps
Rolled SPX May 29 2026 7525 Put to Jun 1 2026 7550 Put @ 12.75 credit.
Rolled SPX May 29 2026 7500 Put to Jun 1 2026 7525 Put @ 7.75 credit.
Allowing expiration of SPX May 28 2026 7475 Put.
Leaving one LEAP uncovered over the weekend.
Moved all 7400 LEAPs to 7500:
Rolled long $SPX Dec 2030 7400 puts up to 7500 puts @ 26.40 debit
Short puts:
Rolled $SPX May 29 7500 puts out to Jun 1 7520 puts @ 5.80 credit
Rolled $SPX May 29 7505 puts out to Jun 1 7525 puts @ 6.50 credit
Rolled $SPX May 29 7510 puts out to Jun 1 7530 puts @ 7.75 credit
Anyone else see the similarities between the markets in 2000, 2008? Everyone saying this time is different. What could possibly go wrong?!
Not saying short the market, that would be stupid . But at least have some trades with negative delta so you don’t lose all your gains to this point. Be the smart money and trade smarter!
Cheers, Chris
Rolled SPX May 29 2026 7525.0 Puts to Jun 01 2026 7525.0 Puts @ 8.00 credit
Rolled SPX May 29 2026 7550.0 Puts to Jun 01 2026 7550.0 Puts @ 9.50 credit
Bought to Close SPX May 28 2026 7475.0 Puts @ .15 (sold for 46.95)
Bought to Close SPX May 28 2026 7475.0 Puts @ .15 (sold for 98.75)
Bought to Close SPX May 28 2026 7500.0 Puts @ .20 (sold for 104.75)
Sold SPX May 29 2026 7525.0 Puts @ 6.90
Sold SPX May 29 2026 7550.0 Puts @ 13.00
#fuzzyleaps
Rolled SPX May 28 2026 7475 Put to May 29 2026 7525 Put @ 7.00 credit.
Rolled SPX May 28 2026 7450 Put to May 29 2026 7500 Put @ 3.75 credit.
Rolled SPX May 28 2026 7425 Put to May 29 2026 7475 Put @ 2.25 credit.
#FuzzyLEAPs Crappy day as my fills missed by a hair in the morning then market just kept slipping away from me. Forced to roll near all-time high.
Rolled $XSP May 28th 750 puts to May 29th 750 puts, .30 credit
Rolled UP May 28th 747 puts to May 29th 754 puts, .88 credit
Rolled $SPX May 27 7445 puts out to May 28 7450 puts @ 4.55 credit
Rolled $SPX May 27 7450 puts out to May 28 7455 puts @ 5.25 credit
Rolled $SPX May 27 7455 puts out to May 28 7460 puts @ 6.00 credit
#FuzzyLEAPs
Sold 1 BSX 05/29/2026 48.0 Put at $0.10
Sold 1 MSTX 05/29/2026 22.0 Put at $0.10
#TinyPuts
#fuzzyleaps
Rolled SPX May 27 2026 7475 Put to May 28 2026 7475 Put @ 8.50 Credit.
Rolled SPX May 27 2026 7450 Put to May 28 2026 7450 Put @ 5.90 Credit.
Rolled SPX May 27 2026 7425 Put to May 28 2026 7425 Put @ 3.50 Credit.
#FuzzyLEAPs Filled on the morning dip, no waiting
Rolled $XSP May 27th 750 puts to May 28th 750 puts, .90 credit
Rolled $XSP May 27th 747 puts to May 28th 747 puts, .70 credit
Rolled SPX May 27 2026 7450.0 Puts to May 28 2026 7475.0 Puts @ 8.00 credit
Rolled SPX May 27 2026 7475.0 Puts to May 28 2026 7475.0 Puts @ 6.50 credit
Rolled SPX May 27 2026 7475.0 Puts to May 28 2026 7500.0 Puts @ 12.50 credit
#fuzzyleaps
STO SPX May 27 2026 7475 Put @ 12.00 Credit.
Rolled SPX May 26 2026 7425 Put to May 27 2026 7450 Put @ 6.00 Credit.
Rolled SPX May 26 2026 7400 Put to May 27 2026 7425 Put @ 4.00 Credit.
#FuzzyLEAPs
Rolled $XSP May 26th 750 puts to May 27th 750 puts, .95 credit
I will probably be rolling my 740 puts higher
Rolled SPX May 26 2026 7425.0 Puts to May 27 2026 7450.0 Puts @ 6.00 credit
Rolled SPX May 26 2026 7450.0 Puts to May 27 2026 7475.0 Puts @ 9.50 credit
Rolled SPX May 26 2026 7475.0 Put to May 27 2026 7475.0 Put @ 7.30 credit
Have a thoughtful and pleasant three day weekend.
MRVL 130/140 Bull Put Spread
WDAY 94/104 Bull Put Spread
WDAY 150/145 Bear Call Spread
UVXY 32.0 Diagonal Put
UVXY 30.5/32.5 Bull Put Spread
UVXY 40/37 Bear Call Spread
#OnlySpreads
CPB 17.5 Put
IP 28.0 Put
MOS 20.5 Put
NCLH 14.0 Put
NCLH 13.5 Put
#TinyPuts
BOIL 16.0 Covered Call
CAG 16.5 Covered Calls
KHC 24.0 Covered Calls
SPCE 4.5 Covered Calls
TSCO 32.5 Covered Calls
TZA 8.5 Covered Call
#EveryLittleBitHelps
ASSIGNMENTS:
none
Bought to close 1 TSLA 05/22/2026 455/440 Bear Call Spread at $0.01
Bought to close 1 WDAY 05/22/2026 150/140 Bear Call Spread at $0.01
Rolled 1 WDAY 05/22/2026 115/134 Bull Put Spread to 1 WDAY 06/05/2026 115/129 Bull Put Spread at $0.22 Credit.
Pushed the short put strike down 5 points
#DamageControl
Rolled SPX May 22 2026 7400.0 Puts to May 26 2026 7425.0 Puts @ 15.00 credit
Rolled SPX May 22 2026 7425.0 Puts to May 26 2026 7450.0 Puts @ 20.00 credit
Rolled SPX May 22 2026 7450.0 Puts to May 26 2026 7450.0 Puts @ 14.75 credit
Added:
Bought SPX Dec 2030 7500.0 Put @ 740.00
And:
Sold SPX May 26 2026 7450.0 Put @ 20.00
Taking half in a couple days.
Bought to Close SPY Jun 18 2026 675.0 Puts @ 1.06 (sold for 2.05)
Rolled $SPX May 22 7445 puts out to May 26 7445 puts @ 13.65 credit
Rolled $SPX May 22 7450 puts out to May 26 7450 puts @ 14.15 credit
Rolled $SPX May 22 7455 puts out to May 26 7455 puts @ 14.25 credit
Rolled $SPX May 22 7310 puts out to May 26 7400 puts @ 8.10 credit
#FuzzyLEAPs Got a busy day with family so got my rolls done pre-market. 3-day wknd premium!
Rolled $XSP May 22nd 750 puts to May 26th 750 puts, 1.46 credit
Rolled $XSP May 22nd 740 puts to May 26th 740 puts, .88 credit
Bought to close 1 DOW 05/22/2026 47/44 Bear Call Spread at $0.01
Finally totally out of DOW
Bought to Close SPX May 21 2026 7400.0 Puts @ 3.00 (sold for 59.70)
Sold SPX May 22 2026 7400.0 Puts @ 18.00
Rolled SPX May 21 2026 7425.0 Puts to May 22 2026 7425.0 Puts @ 9.25 credit
Rolled SPX May 21 2026 7450.0 Puts to May 22 2026 7450.0 Puts @ 6.75 credit
And a day early:
Rolled SPX May 22 2026 7475.0 Put to May 26 2026 7475.0 Put @ 11.75 credit
#FuzzyLEAPs
Rolled $XSP May 21st 740 puts to May 22nd 740 puts, 1.25 credit
750 still to go
#shortputs
STO QQQI 18 JUN 2026 55 PUT @.71
#rolling
Sto SPCE roll-JUL 2026 7 PUT-to-15 JAN 2027/17 @.29
#fuzzyleaps
I’ll be out until Tuesday, so I rolled a little conservatively. Also left one LEAP uncovered.
Rolled SPX May 21 2026 7440 Put out and down to May 26 2026 7425 Put @ 10.00 Credit.
Rolled SPX May 21 2026 7425 Put out and down to May 26 2026 7400 Put @ 10.00 Credit.
Have a good Memorial Day weekend everybody!
Rolled $SPX May 21 7445 puts out to May 22 7445 puts @ 7.15 credit
Rolled $SPX May 21 7450 puts out to May 22 7450 puts @ 6.70 credit
Rolled $SPX May 21 7455 puts out to May 22 7455 puts @ 6.45 credit
Options Bistro 