SPX SPY

Rolling out a week but maintaining same strikes for now.

Rolled SPX Nov 6 2025 6850.0 Puts to Nov 14 2025 6850.0 Puts @ 12.50 credit (82.90 total now)
Rolled SPX Nov 7 2025 6850.0 Puts to Nov 14 2025 6850.0 Puts @ 13.00 credit (72.05 total now)

Rolled SPY Nov 7 2025 682.0 Puts to Nov 14 2025 682.0 Puts @ 1.50 credit (6.00 total now)

Swings continue

2025 continues to be the bizarro year for intraday moves. Whereas the last seven years (at least) have shown that 6-delta EM breaches were the rarity, the have now become the norm. It was predictable that after yesterday’s call-side EM breach, that today we would see a put-side breach. Sadly, I predicted its likelihood but didn’t buy a put spread (let the record show I am adverse to long trades). I have been trying to find trades here and there. Last week I did okay with some ATM narrow condors, but this week so far has been a misfire. On the sidelines for now.