The moves were spectacularly!
I think short term option premium are inflated, presenting a good opportunity in BWB type structures.
Could also start building a position using diagonal, with the long leg a few months out. I just don’t have a strong lean on which side those ETF may move next to pick calls or puts.
Do you have a feel?
Sold 1 SLV 02/11/2026 55/60 Bull Put Spread at $0.29 Credit
SOXL 55/60 Bull Put Spread
SOXL 54.5/59 Bull Put Spread
SOXL 53.5/55.5 Bull Put Spread
TMO 660/655 Bear Call Spread
CMCSA 25.5 Put
HPQ 18.5 Puts
IP 36.0 Put
IP 35.0 Put
IP 34.0 Put
KMB 95.0 Put
MSTX 3.0 Put
T 22.0 Put
T 21.5 Put
#TinyPuts
DOW 32.0 Covered Call
HPQ 20.5 Covered Calls
MSTX 6.0 Covered Call
SPCE 5.0 Covered Calls
TZA 10.0 Covered Calls
#EveryLittleBitHelps
Assignments:
1 PSKY 11.50 Put
1 BOIL 22.0 Covered Call – stock put to me at $18.50
Splitting up my daily sales to different strikes:
Rolled SPX Jan 30 2026 6925.0 Puts to Feb 02 2026 6900.0 Puts @ 10.00 credit (72.30 total now)
Rolled SPX Jan 30 2026 6925.0 Puts to Feb 02 2026 6925.0 Puts @ 20.00 credit (82.30 total now)
Part of the ladder:
Bought to Close SPX Jan 30 2026 6900.0 Put @ 1.00 (sold for 28.80)
Sold SPX Feb 09 2026 6850.0 Put @ 32.50
Rolling LEAPs out a year further:
Rolled Dec 2029 7000 long puts out to Dec 2030 7000 long puts
Rolled Dec 2029 7000/7400 BeCS to Dec 2030 7000/7400 BeCS
Net debit for the whole thing: 48.25 per position
Rolled $SPX Jan 30 6925 puts down and out to 2/2 6900 puts @ 9.95 credit
#FuzzyLeaps
#FuzzyLEAPs
Rolled $XSP Jan 30th 693 to Feb 2nd 693 puts, 1.50 credit.
After 4 days of misplaying the waiting game, getting it right today. This filled right when XSP was passing through 693.00. My order to roll 696 puts is for the same amount and should fill if we can get back to that level, which we already crossed three times today.
Bought to close 1 GLD 01/30/2026 Bear Call Spread at $0.01
Rolled 1 SLV 01/30/2026 71.5/77 Bull Put Spread to 1 02/06/2026 67.5/74 Bull Put Spread at $0.14 Credit
Rolled 1 SLV 01/30/2026 71.0/77.5 Bull Put Spread to 1 02/09/2026 60/71 Bull Put Spread at $0.14 Credit
#FuzzyLEAPs
Rolled today’s (Jan 30th 2026) 6895 Put to Feb 5th 6825 Put @ 15.00 (total 45.30 now)
Current setup heading into the weekend:
LEAPs:
4 @ Strike: 7600
Cost per LEAP: 699.10
Target credit per 4-day roll: 14.40 (or more)
Short Puts:
Date: Strike: Credit:
Feb 2nd 2026 6850 35.30
Feb 3rd 2026 6850 37.30
Feb 4th 2026 6875 54.30
Feb 5th 2026 6825 45.30
For each roll, just picking whatever strike brings in about 15.00 ish and letting market movements decide where the ladder goes.
Three weeks now using real money, and I have brought in about 25% of the cost of another rental house. That is also during a period with a market holiday, and being super conservative the whole time (sometimes not even selling against all of the LEAPs, and always trying to stay OTM). That percentage would even be better using LEAPs closer to ATM, but I feel like setting them more ITM is another way to be conservative. YMMV of course.
At that rate, it should take about 12 weeks to pay for another rental house, market permitting. Assuming 15 credit per day targeted by the ladder strategy, it should only take about 47 trading days (about 9 1/2 weeks). We’ll see!
Rolled 1 SOXL 01/30/2026 68/63 Bear Call Spread to 1 SOXL 02/06/2026 73/63.5 Bear Call Spread at $0.27 Credit
Rolled 1 GLD 01/30/2026 458/463 Bull Put Spread to 1 GLD 02/06/2026 444/454 Bull Put Spread at $0.88 Credit
Rolled 1 HUM 01/30/2026 190/195 Bull Put Spread to 1 HUM 02/13/2026 190/192.50 Bull Put Spread at $0.05 Credit
(Tightened up the spread and lowered the short Put 2.5 Points)
#smallbuy
#dividends
BOT BTCI @43.496
STO March 6, $45 puts at 1.50
Moving out to March. Selling just outside the expected move at the 200 day.
Sold SPY Mar 20 2026 630.0 Put @ 4.25
Sold SPY Mar 20 2026 640.0 Put @ 5.25
Rolled SPY Feb 20 2026 350.0 Puts to Mar 20 2026 350.0 Puts @ .10 debit (long puts)
#onlyspreads
STO SPX 6 FEB 2026 6605/6600 PUT @.30
Straight roll to tomorrow. Same exact numbers just dates changed. 🙂 🙂 🙂 SPX unchanged for the week:
Rolled SPX Jan 29 2026 6925.0 Puts to Jan 30 2026 6925.0 Puts @ 11.00 credit (62.30 total now)
Rolling up a couple of the ladder positions on the dip:
Rolled SPX Feb 04 2026 6825.0 Put to Feb 04 2026 6850.0 Put @ 4.00 credit (30.70 total now)
Rolled SPX Feb 05 2026 6825.0 Put to Feb 05 2026 6850.0 Put @ 4.75 credit (34.80 total now)
And adding:
Sold SPX Feb 06 2026 6850.0 Put @ 29.60
#FuzzyLEAPs
Rolled $XSP Jan 29th 693 puts to Jan 30th 693 puts, .80 credit
Order is in to roll my 696 puts
#FuzzyLEAPs
Rolled Jan 29 2026 6815 Put to Feb 4 2026 6875 Put @ 16.00 (total 54.30 now)
Looks like I could have gotten more by waiting, but decided to try rolling at the open in case of another straight up day. Maybe some resistance at SPX 7000?
What a beautiful headline!! 🙂 🙂 🙂
1 SLV 01/28/2026 71/77.5 Bull Put Spread
#FuzzyLEAPs
Filled after the close during MSFT, META, & TSLA earnings.
STO Feb 3rd 2026 6850 Put @ 17.00
4/4 LEAPs covered now.
Straight roll to tomorrow.
Rolled SPX Jan 28 2026 6925.0 Puts to Jan 29 2026 6925.0 Puts @ 11.00 credit (51.45 total now)
Rolling up the ladder positions on the little dip.
Rolled SPX Jan 30 2026 6825.0 Put to Jan 30 2026 6900.0 Put @ 8.50 credit (28.80 total now)
Rolled SPX Feb 02 2026 6810.0 Put to Feb 02 2026 6875.0 Put @ 7.00 credit (28.50 total now)
Rolled SPX Feb 03 2026 6800.0 Put to Feb 03 2026 6850.0 Put @ 5.50 credit (28.50 total now)
Rolled SPX Feb 04 2026 6775.0 Put to Feb 04 2026 6825.0 Put @ 4.50 credit (26.70 total now)
Rolled SPX Feb 05 2026 6770.0 Put to Feb 05 2026 6825.0 Put @ 5.75 credit (30.05 total now)
Adding one pre Fed.
Sold SPX Jan 29 2026 6925.0 Put @ 12.50
Sold 1 GLD 01/30/2026 458/463 Bull Put Spread at $0.26 Credit
Sold 1 GLD 02/02/2026 453/458 Bull Put Spread at $0.36 Credit
Has anyone tried to model the risk/reward of selling 1 DTE vs. 4 or 7 DTE puts on SPX for #FuzzyLEAPs?
What is better?
ASML negative on the day
Pre-market peak 1604.16
Low a few minutes ago 1415.62
A warning?
Sold 1 SLV 02/02/2026 81/87.5 Bull Put Spread at $0.53 Credit
Sold 1 SOXL 01/30/2026 54.5/59 Bull Put Spread at $0.22 Credit
Sold 1 SOXL 01/30/2025 55/60 Bull Put Spread at $0.27 Credit
#FuzzyLEAPs
At the overnight highs in futures (which would have been all time market highs had the market been open), filled on a fourth $XSP LEAP spread: Dec 2028 695/695/735 for 38.40.
Will add another daily put today, going with all 4 XSP LEAPs with daily puts and my $SPY spread as a hedge.
#FuzzyLEAPs
Hoping to fill the unsold 2 rungs of my time ladder today. Since Jan 30 options have a much higher theta/vega ratio, planning to sell that one at the open. Then, since the Feb 3 options are more vega exposed, planning to sell that one during Powell’s press conference.
With that in mind, I have an open order to sell the Jan 30 6895 Put @ 11.00.
#FuzzyLEAPs
Sold $XSP Jan 28th 693 put for .47. Letting today’s 692 put expire. Just like yesterday, selling on a last minute drop when rolling at the open would have been best move. But today I moved a strike higher.
Sold 1 SOXL 53.5/55.5 Bull Put Spread at $0.16 Credit
Sold 1 IP 01/30/2026 35.0 Put at $0.10
Sold 1 IP 01/30/2026 34.0 Put at $0.10
Sold 1 PSKY 01/30/2026 11.5 Put at $0.12
Sold 1 T 01/30/2026 21.5 Put at $0.06
#FuzzyLEAPs
STO Feb 2nd 2026 6850 Put @ 15.00 (4 trading days out).
Trying to fill the missing rung from yesterday but not in a hurry to do so with tomorrow being a Fed day. Currently 2/4 LEAPs covered.
Added a tiny bit more PAYX at $104.80. Probably my last buy for now.
EX-Div tomorrow
#DividendCapture #FallingKnife
Out all day so an early roll. Moving everything this week to the same strike.
Rolled SPX Jan 27 2026 6920.0 Put to Jan 28 2026 6925.0 Put @ 7.50 credit (44.10 total now)
Rolled SPX Jan 27 2026 6925.0 Puts to Jan 28 2026 6925.0 Puts @ 7.00 credit (42.00 total now)
Rolled SPX Jan 27 2026 6925.0 Puts to Jan 28 2026 6925.0 Puts @ 7.00 credit (28.00 total now)
#onlyspreads
#follow@optioniceman
Sto SLV-2 FEB 2026 77.5/71 PUT @.30
Sto SLV 30 JAN 2026 77.5/71 PUT @.19
Sold 1 HUM 01/30/2026 195/200 Bull Put Spread at $1.00 Credit
Bought 1 HUM 02/06/2026 190.0 Put / Sold 1 HUM 01/30/2026 200.0 Put at $0.60 Diagonal Credit
One more fill on a standing order I left in.
Rolled SPX Jan 26 2026 6900.0 Put to Jan 27 2026 6925.0 Put @ 10.00 credit (21.00 total now)
#onlyspreads
STO SLV 4 FEB 2026 77.5/71 PUT @.48
#follow@optioniceman
#FuzzyLEAPs
Rolled $XSP Jan 28th 696 puts to Jan 29th 696 puts for .95 credit
Since XSP is trading right at 696, I’m rolling this today, 2 days before expiration. I think the importance of being ATM overrides the distance to expiry as optimal time for rolling.
Working on rolling my XSP 692 put but since we’ve gone up all day the best time to do this was at the open. We are now enough above $SPY 692 that I will leave my Jan 28th put there to continue to drain. I want to leave my one SPY LEAPs spread “uncovered” as a hedge.
Sold 1 SLV 02/04/2026 71/77.5 Bull Put Spread at $0.43 Credit
Sold 1 SLV 02/02/2026 71/77.5 Bull Put Spread at $0.26 Credit
Sold 1 SLV 01/30/2026 71/77.5 Bull Put Spread at $0.18 Credit
Sold 1 SLV 01/28/2026 71/77.5 Bull Put Spread at $0.15 Credit
Added a tiny bit more PAYX at $105.80
EX-Div Jan 28th for $1.08/share
Out all day so an early roll. Still sitting on a 6900 in case of an afternoon pullback to roll it.
Rolled SPX Jan 26 2026 6920.0 Puts to Jan 27 2026 6920.0 Puts @ 7.00 credit (36.60 total now)
Rolled SPX Jan 26 2026 6925.0 Put to Jan 27 2026 6925.0 Put @ 7.00 credit (35.00 total now)
Sold HPQ 01/30/2026 20.5 Covered Calls at $0.07
Sold 1 DOW 01/30/2026 32.0 Covered Call at $0.12
#EveryLittleBitHelps
Sold 1 CMCSA 01/30/2026 25.5 Put at $0.06
Sold 1 IP 01/30/2026 36.0 Put at $0.15
Sold 1 KMB 01/30/2025 95.0 Put at $0.20
Sold 1 T 01/30/2026 22.0 Put at $0.09
#TinyPuts
Anybody else waiting for a dip? I’m hoping to fade this up open. Hoping for a pullback to around 6935. SPX at 6947 now…
Sold another tiny bit of DVN at $39.20 pre-market
#FormerFallingKnife
SOXL 35/40 Bull Put Spread
SOXL 44/48.5 Bull Put Spread
SOXL 44.5/49.5 Bull Put Spread
SOXL 45/50 Bull Put Spread
SOXL 45.5/50.5 Bull Put Spread
SPY 651/658 Bull Put Spread
XSP 655/660 Bull Put Spread
HLT 307.5/302.5 Bear Call Spread (after several roll ups)
BOIL 15/21 Bull Put Spread
CPB 25.0 Put
DOW 33.0 Covered Call
HPQ 19.0 Put
INTC 44.5 Put
SOXL 54.0 Put
SPCE 4.5 Covered Calls
Assignments:
HPQ 20.0 Puts – will write covered calls next week
BOIL 18.0 Covered Call
BOIL 22.0 Covered Call
Sold tiny bits of all these at or above the former highs:
DVN at $38.88
HAL at $34.04
SLB at $49.68
#FormerFallingKnife
Just noticed this
Early Assignment last night on some BOIL 19.0 Covered Calls
Bought the stock on 01/09 at $18.5 and $16 on put assignments
Whew! Crazy week. SPX almost unchanged.
12 total positions. Selling 5 every day and adding 5 with the ladder method and leaving 2 uncovered. I had been selling 8 and leaving 4 uncovered. Just experimenting to see how things react during the next selloff.
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 30.00)
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 31.00)
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 42.20)
Bought to Close SPX Jan 23 2026 6850.0 Put @ .15 (sold for 52.50)
Bought to Close SPX Jan 23 2026 6875.0 Put @ .20 (sold for 63.00)
Sold SPX Jan 26 2026 6900.0 Put @ 11.00
Rolled SPX Jan 23 2026 6920.0 Puts to Jan 26 2026 6920.0 Puts @ 11.00 credit (29.60 total now)
Rolled SPX Jan 23 2026 6925.0 Put to Jan 26 2026 6925.0 Put @ 10.00 credit (28.00 total now)
Sold SPX Jan 30 2026 6825.0 Put @ 20.30
Sold SPX Feb 02 2026 6810.0 Put @ 21.50
Sold SPX Feb 03 2026 6800.0 Put @ 23.00
Sold SPX Feb 04 2026 6775.0 Put @ 22.20
Sold SPX Feb 05 2026 6770.0 Put @ 24.30
#FuzzyLEAPs
Decided to stagger my sales over a few days.
STO Jan 29th 2026 6815 Put @ 18.00 (38.30 total now)
(This is 4 trading days in the future, rather than one day.)
Each day, I will sell another put 4 days out, etc., until all of my short puts are sold. Plan to roll one each day, to the new 4-day out expiration. Kind of a time ladder version of FuzzyLEAPs. I’m hoping that his smooths out some of the volatility that happens when you sell a whole position every day.
#FuzzyLEAPs
Decided to stick with simple puts instead of spreads, so:
BTC Jan 23 2026 6900/6890 BUPS for 2.10 (sold for 4.50)
That leaves me with no outstanding puts sold. Waiting for a dip to sell the new one.
#FuzzyLEAPs
Rolled $XSP Jan 23rd 692 put to Jan 26th 692 put, .90 credit.
Both expired so far this week
SPY 01/21/2026 663/668 Bull Put Spread
SPY 01/22/2026 659/664 Bull Put Spread
I got busy today and never got today’s roll done. An outstanding order to close today’s puts at 1.00 filled sometime this afternoon.
Current position:
Dec 20 2030 7700 LEAP Puts
Jan 23 2026 6900/6890 BUPS (50% of LEAPs)
LEAP cost: 927
Total credit per LEAP: 21.35
Credit as % of LEAP cost: 2.30%
Annualized: 71.97%
If I keep using spreads, I plan to sell 1DTE BUPS against half the LEAPs each day and either let the 0DTE half expire or close them for some small amount. If the 0DTEs are ITM, I’ll have to decide if it’s worth rolling them or just let them cash settle for max loss. In that case, the LEAPs should more than make up for the loss on the BUPS.
#FuzzyLEAPs Rolled $SPY Jan 26th 692 put to Jan 27th 692 put, .44 credit. Staying ahead of the expiry to avoid early assignment.
Out most of the day so some early rolls.
Rolled SPX Jan 22 2026 6800.0 Put to Jan 23 2026 6825.0 Put @ 4.00 credit (31.00 total now)
Rolled SPX Jan 22 2026 6825.0 Put to Jan 23 2026 6825.0 Put @ 3.20 credit (42.20 total now)
Rolled SPX Jan 22 2026 6850.0 Put to Jan 23 2026 6850.0 Put @ 5.50 credit (52.50 total now)
Rolled SPX Jan 22 2026 6875.0 Put to Jan 23 2026 6875.0 Put @ 7.00 credit (63.00 total now)
Rolled SPX Jan 23 2026 6775.0 Put to Jan 23 2026 6825.0 Put @ 3.00 credit (30.00 total now)
Rolled SPX Jan 23 2026 6950.0 Puts to Jan 30 2026 6925.0 Puts @ 11.00 credit (66.15 total now)
Taking over half a month early:
Bought to Close SPX Feb 20 2026 6350.0 Put @ 14.60 (sold for 33.00)
SPY:
Taking about half a month early.
Bought to Close SPY Feb 20 2026 650.0 Put @ 2.48 (sold for 4.70)
I decided to try credit spreads for awhile, so:
Sold to open Jan 23 2026 6900/6890 BUPS @ 4.00
Small position, still working on today’s roll of the other puts.
6940 will be a fun number to watch. That would get us back to unchanged from last Friday’s close meaning all premium this week is free money!! White lines are Friday close and upper and lower expected moves for the week.
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Cost 927
Daily:
Rolled: Jan 21st 2026 6890 Put
To: Jan 22nd 2026 6885 Put
@ 3.50 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6851
Total Credit Per LEAP: 19.85
Credit as % of LEAP Cost: 2.14%
Days in Trade: 7
Annualized ROC: 76.48%
I saw Jeff’s Downside Warning and decided to take a little less premium and roll down one strike. Still only half the LEAPs covered.
With Trump talking rolling everything on the opening bounce.
Rolled SPX Jan 21 2026 6825.0 Put to Jan 22 2026 6825.0 Put @ 11.00 credit (39.00 total now)
Rolled SPX Jan 21 2026 6850.0 Put to Jan 22 2026 6850.0 Put @ 9.00 credit (47.00 total now)
Rolled SPX Jan 21 2026 6875.0 Put to Jan 22 2026 6875.0 Put @ 6.00 credit (56.00 total now)
Rolled SPX Jan 21 2026 6920.0 Puts to Jan 23 2026 6920.0 Puts @ 2.00 credit. (18.60 total now)
Rolled SPX Jan 21 2026 6925.0 Put to Jan 23 2026 6925.0 Put @ 2.00 credit. (18.00 total now)
Before today: long Mar26 (AM) 6700 put and 7200 call, short today’s 6920 put and 6960 call.
The whole structure took a net ~$3,800 hit, with SPX dropping 143 to 6796.
Rolled to 1/23 6800 call and 6860 put for 3.9 credit.
Note the strike for the call is now below that for the put, but the total credit ($128) is more than the distance between the strikes, and the range for b/e at expiration: 6740/6920. The goal for future rolling is to bring the call up and put down and eventually call above put.
Also rolled down the Mar call to 7000, at a cost of $59. This is something I do after the market had a huge move or flatting out, to help to align the shorts roughly near the center between the long call and put. When doing this type of rolling, sometimes I move both the call and put at the same time, and sometimes may take the opportunity roll them out for a month or two. not today.
The new structure has 41 Delta, 4292 Theta, and 1916 Vega.
Started a tiny new position in PAYX at the previous 52-week low at $107.80
Ex-div 01/28; Div = 3.88 %
Sold 1 XSP 01/232026 655/660 Bull Put Spread at $0.28 Credit
#FuzzyLEAPs This will be a boring week waiting for a rebound. Trying to roll to Friday or Monday but only one filled so far. I was waiting for possibility of ending higher but we turned south instead.
Rolled $XSP Jan 20th 692 put to Jan 23rd 692 put, .75 credit
Sold 1 NFLX 01/23/2026 73/79 Bull Put Spread ar $0.33 Credit
Sold 1 NFLX 01/23/2026 73/78 Bull Put Spread ar $0.24 Credit
Sold 1 NFLX 01/23/2026 73/77 Bull Put Spread ar $0.16 Credit
#Earnings tonight
STO Feb 27, 40 puts at .95
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Cost: 927
Daily:
Rolled: Jan 20th 2026 6890 Put
To: Jan 21st 2026 6890 Put
@ 10.00 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6856
Days in Trade: 6
Total Credit Per LEAP: 18.1
Credit as % of LEAP Cost: 1.95%
Annualized ROC: 81.36%
Expires tomorrow. Take what I can get today.
Sold to Close VIX Jan 21 2026 20/35 Bull Call Spreads @ .40 (sold for 1.29)
Starter just above the 200 day.
Sold SPY Feb 20 2026 650.0 Put @ 4.70
Sold 1 SPY 01/21/2026 663/668 Bull Put Spread at $0.20 Credit
Sold 1 SPY 01/22/2026 659/664 Bull Put Spread at $0.24 Credit
Sold 1 SPY 01/23/2026 651/658 Bull Put Spread at $0.21 Credit
Out the rest of the day so rolling on this first little bounce.
Rolled SPX Jan 20 2026 6920.0 Puts to Jan 21 2026 6920.0 Puts @ 4.50 credit. (16.60 total now)
Rolled SPX Jan 20 2026 6925.0 Put to Jan 21 2026 6925.0 Put @ 4.00 credit. (16.00 total now)
Rolled SPX Jan 20 2026 6950.0 Puts to Jan 23 2026 6950.0 Puts @ 5.00 credit. (55.15 total now)
Sold 1 SOXL 01/23/2026 45.5/50.5 Bull Put Spread at $0.38 Credit
Sold 1 SOXL 01/23/2026 45/50 Bull Put Spread at $0.25 Credit
Sold 1 SOXL 01/23/2026 44.5/49.5 Bull Put Spread at $0.30 Credit
Sold 1 SOXL 01/23/2026 44/48.5 Bull Put Spread at $0.25 Credit
One of my all time lucky breaks. Fat finger last Thursday to a Friday AM roll. AMs expire by 10 points and buying power locked until today.
Pre-market:
Sold SPX Jan 21 2026 6875.0 Put @ 50.00
Sold SPX Jan 21 2026 6850.0 Put @ 38.00
Sold SPX Jan 21 2026 6825.0 Put @ 28.00
Sold SPX Jan 22 2026 6800.0 Put @ 27.00
Sold SPX Jan 23 2026 6775.0 Put @ 27.00
And at the 200 day:
Sold SPX Feb 20 2026 6350.0 Put @ 33.00
Options Bistro 