fuzzballl 7:15 am on Friday, July 12, 2024

SPX

Using the bounce to get a decent roll to Monday.

Rolled SPX Jul 12 2024 5625.0 Puts to Jul 15 2024 5620.0 Puts @ 2.50 credit (40.00 total now)

Jeff 8:13 am on Friday, July 12, 2024

I didn’t quite grasp your strategy when you started it, but has it gone well? Has it gone REALLY well? I’m in need of a massive change and wondering if I should try it. Can you explain nuts and bolts?
- fuzzballl 9:53 am on Friday, July 12, 2024
  
  Posted this update about a month ago. Initial post is summary of my oldest position and reply post with overview of all positions. I would rate it as going really well but we’ve only had one decent selloff since I started it in Feb. A choppier market it would be really really well. A slowly downtrending market without a crash would make it really really really well. LOL
  
  I’ll screenshot the close and run the current numbers of all positions (4 total) and see where it’s at. As a rough reference I had to reset my TOS paper account on May 13th and reset everything with the move to Schwab. I mirror all my positions in TOS and just do the actual trades at Fidelity. TOS is much more accurate with their marks on the LEAPS. Fidelity doesn’t even update them half the time during the day or even after hours.
  
  The 4 positions are up 58 grand since the reset two months ago. That does include the LEAP losses in this crazy up market so daily sales are easily beating those. I think of it as a business. My LEAPS are the long term business expenses and daily sales are the revenue. 🙂 🙂
  
  https://optionsbistro.com/tag/fuzzyspxexperiment/
- fuzzballl 9:56 am on Friday, July 12, 2024
  
  Definitely open to any critique or ideas to make it even better. Also, any potholes I’m overlooking that you come across.