#CSPs And Cash secured calls
#optionsexpiration
calls will be assigned and money back in my pocket for put sells monday.
1.16.26 Puts @54 expired worthless
1.16.26 CALLs @54 assigned
Daily Archives: Friday, January 16, 2026
OptionsExpiration
Got by the big monthly expiration with a little pain from rolling up some calls, especially SLV and SOXL.
All was not lost though as TMO was a big winner.
EXPIRED:
SLV 60/70 Bull Put Spread
SLV 68/71 Bull Put Spread
SLV 70/74.5 Bull Put Spread
SLV 90/87 Bear Call Spread
SLV 85.5/83 Bear Call Spread
SOXL 43/46 Bull Put Spread
SOXL 43/47 Bull Put Spread
SOXL 43.5/47 Bull Put Spread
SOXL 45/47.5 Bull Put Spread
TMO 570/577.5 Bull Put Spread
TMO 572.5/582.5 Bull Put Spread
TMO 645/640 Bear Call Spread
TMO 635/630 Bear Call Spread
BAX 22.5 Covered Calls
CE 65.0 Covered Calls
DOW 32.0 Covered Call
MSTX 6.0 Covered Call
SPCE 4.5 Covered Calls
BOIL 14.0 Put
BOIL 15.0 Put
GIS 42.5 Put
MSTX 3.5 Put
MSTX 3.0 Put
SOXL 55.0 Put
SWKS 57.5 Put
No new assignments this week
HPQ Puts
Rolled 1 HPQ 01/16/2026 20.5 Put to 1 HPQ 01/23/2026 20.0 Put at $0.13 Credit (small gain on this week’s put)
Sold 1 additional HPQ 01/23/2026 20.0 Put at $0.21
#TinyPuts
Using XSP Long Put and Call LEAP
About a month ago @jeffcp66 mentioned an idea to use long call and put LEAP’s instead of the long put and a short call spread.
I have been testing this strategy live from early December 2025 and despite the Call premium being 2x the put premium, the strategy is viable.
Original position was Long Dec17’27 685 Put and Call. It was changed to Long 690 Put and 685 Call.
Pros:
Any loss on the put side is covered by the gain on the call side.
While #FuzzyLEAPs are naturally losing money in the up move, this trade does not.
Cons:
Definitely requires larger initial investment.
Difficulty to roll up the calls, as they get easily ITM.
Not sure how this position will behave in a strong down move, because the call premium was 2x the put premium.
SPX
Rolling these aggressively since I never got my AM expiration buying power power back. Lesson learned (especially on a 3 day weekend) Uugh.
Rolled SPX Jan 16 2026 6950.0 Puts to Jan 20 2026 6950.0 Puts @ 14.00 credit. (50.00 total now)
Sold 7 against 15 LEAPS (would’ve sold 12 if I could). Why are there even AM expirations at all? I can’t think of a good use for them.
Expired max profit: SPX Jan 16 2026 6950.0 Puts (sold for 33.00)
CPB Put
Sold 1 CPB 01/23/2026 25.0 Put at $0.07
#TinyPuts
BOIL Covered Calls
Rolled 1 BOIL 18.0 Covered Call to next week at $0.35 Credit
Rolled BOIL 19.0 Covered Calls to next week at $0.29 Credit
Rolled 1 BOIL 22.0 Covered Call to 1 BOIL Feb 06/2026 22.0 Call at $0.45 Credit (extending my BOIL Call ladder)
SOXL CMG HLT SLV Call spreads
Rolled Spreads that were in-the-money out and up for credits to next week
Letting a whole bunch of SOXL and SLV Puts expire (I hope)
GLD,
Sold another small trade of the Feb. 27, 400 puts at 3.60
SPX
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Daily:
Rolled: Jan 16th 2026 6915 Put
To: Jan 20th 2026 6890 Put
@ 4.70 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6943
Total Credit Per LEAP: 13.1
Credit as % of LEAP Cost: 1.41%
SPX
One add.
Sold SPX Jan 20 2026 6925.0 Put @ 12.00
SPX
At the open:
Bought to Close SPX Jan 16 2026 6850.0 Put @ .35 (sold for 12.00)
Bought to Close SPX Jan 16 2026 6875.0 Put @ .70 (sold for 12.00)
Sold SPX Jan 20 2026 6920.0 Puts @ 12.10
Waiting for AM settlement now due to my fat finger yesterday. First time I’ve ever had an AM expiration so once SET gets published I’m hoping I can sell those again. SPX closed at 6944 yesterday but was up about 15 at the open so hoping all my 6950s go worthless shortly.
Takes 30-60 minutes after the open:
AM-settled SPX options (standard monthly expirations) are cash-settled on the third Friday morning, based on the “Special Opening Quotation” (SOQ) of the S&P 500, calculated from the opening prices of all constituent stocks, with the final value published under the ticker SET after all stocks have opened, resulting in cash profits or losses credited/debited to accounts the next day, not share delivery.
XSP rolls for 1/16/26
#FuzzyLEAPs
Filled at the bell: Rolled $XSP Jan 16th 692 put to Jan 20th 692 put for .83
I had this order going in pre-market with no fill. Filled immediately after bell, after which premium quickly dropped to around .70. This seems to be a good fill for being 4 pts OTM…. grabbing high premium at the volatile moment of the open may be an approach to consider often.
I was NOT filled on 696 roll, limit order of 1.10. But I will wait since we are ATM like yesterday.
Options Bistro 