fuzzballl 9:10 am on Friday, December 13, 2024

SPX

Keep going sideways until I have to roll down.

Rolled SPX Dec 13 2024 6070.0 Puts to Dec 16 2024 6070.0 Puts @ 2.90 credit (13.50 total now)

MikeL 10:01 am on Friday, December 13, 2024

At what point would you need or want to roll down?
- fuzzballl 10:19 am on Friday, December 13, 2024
  
  As long as I can continue getting a couple bucks out of a straight roll I’ll stick with it. Once that’s not possible I’ll start looking out a little further and down a strike or two. Worse case scenario out a few weeks and down as far as I can go and still get a credit. These sideways rolls are where this strateegery really shines.
geewhiz112 12:23 pm on Friday, December 13, 2024

Sideways always preferable to downhill. Take care.