#fuzzyspxexperiment

Update to SPX experiment. Here’s the original setups with date entered and cost to enter. All of these costs have already been recovered with daily sale premium. The first position is in one account and the other three are in a different account. I’m tracking those three as a combined P/L.

1. Feb 7th 5000/5000/5400 @ 225.0 debit (Dec 2027 expiration)
2. Feb 7th 5000/5000/5400 @ 283.0 debit (Dec 2028 expiration)
3. Mar 7th 5200/5200/5600 @ 360.0 debit (Dec 2029 expiration)
4. Jun 5th 5400/5400/5800 @ 202.0 debit (Dec 2027 expiration)

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Position 1:

Cost to enter: 22500 debit
Cost to close: 3540 credit (if closed now)

Loss on LEAPS: 18960
Premium received: 41285

Gain overall: 22325

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Positions 2,3,and 4 combined:

Cost to enter: 84500 debit
Cost to close: 47310 credit (if closed now)

Loss on LEAPS: 37190
Premium received: 86765

Gain overall: 49575

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So if looking at it like a business:

Total Revenue: 128050
Total Costs: 56150
Net Gain: 71900

Average of 56 cents per dollar going to profit. Nice improvemnt on that last few weeks.

EDIT: Note: If these positions were all in an IRA type of account requiring full margin the current buying power hit would be 348000. That’s based on 40000 per LEAP bear call spread plus the current 5620 puts being sold against various long LEAP put positions.