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!

#FuzzyLEAPs

Building positions:

4 Oct 2024
3 Feb 2025
1 May 2025
2 Aug 2025
2 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

===================

Total gain:

5934.60 – 1328.40 =

+ 4606.20
===================

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!