Seemed like a good time to sit down and see where everything stands with the market at all time highs. This is my main account. I’ve got 3 more positions in a different account that I’ve been building on as well with similar results. Here we go!
Building positions:
4 added in Oct 2024
3 added in Feb 2025
1 added in May 2025
2 added in Aug 2025
2 added in Dec 2025
Lots of various sized roll ups (20 total) eventually getting everything to 6800 strike
Total Cost to this point:
524.50 each
6294.0 total
Total credit to close LEAPS (Tue prices):
413.80 each
4965.6 total
Loss on LEAPS:
4965.6 – 6294.0 = 1328.40
Total premium received including outstanding short puts:
494.55 each
5934.60 total
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Total gain:
5934.60 – 1328.40 =
+ 4606.20
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Since these positions were started in mid Oct 2024 the SPX is up 20 percent so I feel like this is close to a “worse case scenario” in a big up market with all the constant rolling. Still managed to keep 73 cents per dollar of premium received. If we get back to a more typical market and starting with a much bigger position size I’m really looking forward to 2026.
Merry Christmas everyone!
Options Bistro 