Expired:

SPX Oct 31 2025 6800.0 Put (Sold for 12.50)

Been running this in my own account as a test before moving over to my daughter’s account. Wanted to make sure SPY worked similar to SPX. Here’s the results for 8 weeks total on a 5 lot.

Set position on Sep 4th and rolled them up on Oct 21 (Dec 2027 660/660/700)
Closed position this afternoon.

Loss on LEAPS of 4425
Total premium received: 12465

Net gain: 8040
Net gain per position: 1608

Works fine but I feel like SPX works a little better. Maybe because SPX LEAPS are a lot further out in time…not really sure. Still overall I’ll use it until the account grows enough to switch over to SPX. SPX has no early assignment risk and better tax treatment also.

New position now in different account is Jan 2028 680/680/720

Straight roll:

Rolled SPX Oct 31 2025 6850.0 Puts to Nov 3 2025 6850.0 Puts @ 10.00 credit (51.90 total now)

And out and down to next Friday for nice credit:

Rolled SPX Oct 31 2025 6875.0 Puts to Nov 7 2025 6850.0 Puts @ 12.00 credit (58.90 total now)

Straight roll.

Rolled SPY Oct 31 2025 682.0 Puts to Nov 3 2025 682.0 Puts @ 1.25 credit (4.80 total now)

Leaving the lid on. Rolled on the opening bounce. Sitting on everything else for now.

Rolled SPX Oct 31 2025 6900.0 Put to Nov 7 2025 6900.0 Put @ 25.00 credit (85.50 total now)