fuzzballl 7:23 am on Tuesday, November 4, 2025

SPX

Straight roll (again). 🙂 🙂 🙂

Rolled SPX Nov 4 2025 6850.0 Puts to Nov 5 2025 6850.0 Puts @ 6.50 credit (69.40 total now)

Jeff 6:26 am on Wednesday, November 5, 2025

Which LEAPs are you currently holding again?
- fuzzballl 6:36 am on Wednesday, November 5, 2025
  
  I’m short the Dec 2029 6800/7200 bear call spreads and long Dec 2029 6800 puts.
  - Jeff 7:10 am on Wednesday, November 5, 2025
    
    I started trading this on paper, BTW. If I’m short the 6825 put against this, and market currently up-on-day around 6800, is there any reason to roll lower or higher, or do you typically just stay even?
    - fuzzballl 7:17 am on Wednesday, November 5, 2025
      
      Depends on your outlook. I’m trying to just keep rolling to the same strike figuring the gubment is about to reopen and we get a bounce. If the one you’re trying to roll is in the money it seems to be better to roll on a bounce. Your decision to adjust the strike though.
      
      I look at it like any roll for any credit to the same strike is free money since that means your LEAPS haven’t changed in value and you’ve brought in “revenue”.
      
      I’ve found it doesn’t really pay off to sweat over the rolls though. It’s a 50/50 chance whether you time it perfectly or not. I usually watch the market for a little while, do the rolls, and move on with life. I’m on a six month motorhome trip right now and watching the market all day isn’t really on the agenda. LOL
      
      If out of the money but not by much I’ll wait until a little later to roll to capture some of today’s theta then look for a slight dip late in the day to roll.
      
      Like I say it’s all just a guess on the timing.
fuzzballl 7:24 am on Wednesday, November 5, 2025

Anyone interested in the adventures of “St. Louis Scott” here ya go. Just some stupid stuff I post mainly to entertain my Dad. 🙂 🙂 🙂

https://www.youtube.com/@StLouisScott