Testing out the @fuzzballl SPX strategy

I’m joining Jeff and some others in trying out Fuzzy’s well-documented strategy (YouTube videos were very helpful, thanks!)

Basically, I’m looking for less stress, or maybe more accurately less need to constantly watch my screen during the trading day monitoring 0DTE SPX trades. I’ve been profitable selling put and call spreads over the last couple of years but the volatility creates big up and down weeks which require a lot of maintenance as many here have talked about.

After careful review of the strategy I decided to put a 1 lot out there and watch it closely, and get into the rhythm of the daily rolls. I’ll run this parallel to my existing trades for a while and at some point I will look to jump to the @fuzzballl‘s LEAP strategy exclusively if I can create close to the income I’m currently generating. Life is too short LOL.

So here is my first pilot position:
A little while ago, with SPX around 6640-
Bought Dec 2029 LEAP 6600/6600/7000 @ 460.25
Sold Nov 24 6590 put at the expected move @ 7.90

I’ll obviously be watching closely and tracking all the trades carefully to monitor cost basis reduction.

Thank you Fuzzy for sharing all of this info with us, in the forum daily and on YouTube. I hope my decision to enter doesn’t cause the market to go into a tizzy. I know we all have that power around here. 😀