fuzzballl 12:16 pm on Friday, January 9, 2026

SPX

Bought to Close SPX Jan 9 2026 6925.0 Puts @ .15 (sold for 22.50)

Sold SPX Jan 12 2026 6940.0 Puts @ 4.50 (leaving one more uncovered)

Hawk 1:18 pm on Friday, January 9, 2026

by uncovered, are you selling a naked SPX 6940 put?
- MikeL 1:25 pm on Friday, January 9, 2026
  
  He is keeping one uncovered LEAP position, without a short put.
  - fuzzballl 1:32 pm on Friday, January 9, 2026
    
    I was at 3 uncovered but now at 4. Feels like we need a little pullback. Well outside the top of the expected move this week.
- fuzzballl 1:26 pm on Friday, January 9, 2026
  
  I’ve got more LEAPS than the dailys I’m selling against them. 15 LEAPS positions but only selling 11 daily right now. More downside help and room to add if we do sell off a little.
  - Hawk 2:07 pm on Friday, January 9, 2026
    
    I always thought “covered” is relevant to the shorts, not long.
  - Hawk 2:08 pm on Friday, January 9, 2026
    
    Almost a diag ratio, a lot flexibility when set up properly. although i don’t go that far out.

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