bikeeagle1 1:52 pm on Thursday, January 22, 2026
Tags: FuzzyLEAPs ( 85 )

SPX

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.

Jeff 12:59 pm on Thursday, January 22, 2026
Tags: FuzzyLEAPs ( 85 )

SPY roll 1/22/26

#FuzzyLEAPs Rolled $SPY Jan 26th 692 put to Jan 27th 692 put, .44 credit. Staying ahead of the expiry to avoid early assignment.

fuzzballl 7:13 am on Thursday, January 22, 2026

SPX SPY

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)

bikeeagle1 7:07 am on Thursday, January 22, 2026

SPX

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.