fuzzballl 8:33 am on Thursday, February 13, 2025

SPX

Adding to the LEAPS position.

SPX Dec 2029 6100/6100/6500 @ 336.0 debit

danjen0210 8:54 am on Thursday, February 13, 2025

SPX Dec 2020 *6100*/6100/6500 @ 336.0 debit
*Is this strike price correct?
Thank you!
- fuzzballl 8:59 am on Thursday, February 13, 2025
  
  Yes that’s correct. Sell 6100/6500 BeCS and buy 6100 put.
  
  Dec 2029 LEAPS
  - danjen0210 9:04 am on Thursday, February 13, 2025
    
    Thank you so much Fuzzballl.
- fuzzballl 9:04 am on Thursday, February 13, 2025
  
  Don’t forget…these take a lot of buying power. In an IRA you’ll be margined for the full 40 grand on the call spread and the distance from your daily put sale to the long put LEAP.

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