fuzzballl 11:01 am on Thursday, October 30, 2025

SPY

Straight roll.

Rolled SPY Oct 30 2025 682.0 Puts to Oct 31 2025 682.0 Puts @ 1.05 credit (3.55 total now)

matt0311 6:24 am on Friday, October 31, 2025

can you please tell me why you selected 682 as strike, Deltas? the structure of the Leaps? And what would make you change the strike? Thanks.
- fuzzballl 7:00 am on Friday, October 31, 2025
  
  If I can get .75 to 1.00 on a straight roll I’ll take it. I consider that going straight to the bottom line since it means LEAPS aren’t changing in value. Beyond that I mainly look at the expected move and adjust from there. Always happy with a buck but will accept less if volatility is too low.
  
  If I’m playing for a bounce might sell a little inside the expected move. If things feel weak then maybe at the expected move.
  
  I have been a little aggressive this week. Felt like volatility was overstated and didn’t think JP or the big earnings would completely tank the markets.

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