Using the morning “bounce” to roll to next Friday.

Rolled SPY Oct 20 2025 668.0 Puts to Oct 24 2025 665.0 Puts @ .75 credit (4.15 total now)

Using the morning “bounce” to roll everything to next Friday. A few weeks or longer of rolling down isn’t a bad thing. LEAPS aren’t losing and still bringing in credit and resetting short puts lower. This strategy can handle a little backwardation but the rolls get tougher if backwardation steepens to levels it was at back in April.

And…..2029 is a long way off! LOL

Rolled SPX Oct 17 2025 6715.0 Puts to Oct 24 2025 6675.0 Puts @ 3.00 credit (27.70 total now)

Rolled SPX Oct 20 2025 6700.0 Puts to Oct 24 2025 6675.0 Puts @ 10.00 credit (36.20 total now)