fuzzballl 11:45 am on Thursday, October 23, 2025

SPX

I’ll take it for a little one day scalp. Big day tomorrow if 6700 and 6725 hold….

Bought to Close SPX Oct 24 2025 6530.0 Put @ .60 (sold for 7.50)

Jeff 7:07 am on Friday, October 24, 2025

Hey watched your YouTube videos. A couple questions: When you first choose your LEAP strikes, do you choose the long Put above or below current SPX price? Also, do you do the same thing with a synthetic LONG and sell daily calls?
- fuzzballl 8:49 am on Friday, October 24, 2025
  
  I try to be as close to at the money as possible. Since I like even “hundreds” I’ll go slightly under if that’s what it takes.
  
  I haven’t done anything to the long side in the LEAPS due to the massive call skew. Cost would be crazy high to set the position. Next time we have a big 2008 type sell-off I’ll look at the long side. In that situation we might even have some put skew due to the panic.

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