#SyntheticShortStock – Been rolling the short puts out and down during the selloff. With the “V” shaped recovery I’ve been rolling them up and in during the rally. With today’s big bounce I’m bringing them back into tomorrow to get them back in play. Until today most rolls have been for small credits. I’ll take the debit today…still leaves nice gains and I can resume daily selling (unless we tank tomorrow) LOL.

Currently:

SPX May 31 2024 5240.0 Puts @ 27.25

Then:

Rolled SPX May 31 2024 5240.0 Puts to May 16 2024 5260.0 Puts @ 19.00 debit (8.25 total now)

EDIT: Mistyped….19 debit on the roll…not 9. Numbers changed to reflect that.