Option Iceman 1:00 pm on Friday, February 13, 2026

OptionsExpiration

SLV 66/67.5 Bull Put Spread
SLV 80/77.5 Bear Call Spread
SLV 100/83 Bear Call Spread
TMO 495 Diagonal Put
TMO 500/505 Bull Put Spread
TMO 530/520 Bear Call Spread
CMG 47/42 Bear Call Spread
HUM 167.5 Diagonal Put
HUM 170/172.5 Bull Put Spread
DOW 36.5/35 Bear Call Spread

BAX 18.0 Put
HPQ 18.0 Put
MSTX 2.0 Puts
PSKY 10.0 Put
SOXL 34.0 Put
SOXL 35.0 Put
WYNN 104 Put

CAG 20.0 Covered Call
CAG 20.5 Covered Call
BAX 23.5 Covered Calls
BOIL 22.5 Covered Call
DOW 33.0 Covered Call
HPQ 20.5 Covered Calls
MSTX 6.0 Covered Call
PSKY 11.5 Covered Call
SPCE 5.0 Covered Calls

hcgdavis 12:47 pm on Friday, February 13, 2026

Happy Friday and hope everyone’s…

Happy Friday and hope everyone’s trading is going well!

FYI Schwab is starting to restrict certain trades on TOS. After spending an hour with the trade desk to get an SPX calendar to go through, figured out some parameters to help and hopefully others do not have to go through the same issues.

1. ITM options no bueno. I was trying to put an ITM put calendar on because they are cheaper than calls but their risk department does not like that. Once I switched to more expensive calls they went through.

2. Have more than 5 DTE between your long and short expirations. I was going for Friday/Monday and no go. Once I had a 7 day spread it filled. The risk dept. does not like less than 3 days as weekends cannot be hedged.

3. Size, I was trading 40 contracts. I could get the first 20 to go through by breaking them into 10 lots but after that would not let me add additional spreads.

4. No issues at Tastytrade, everything went through fine there. So the lesson really is complex spreads or combinations trade them there or interactive brokers. TOS understood them but Schwab does not and never have and since the bought TD I have noticed worse margin requirements, margin calls on futures that have not moved, and just a general mis-understanding of how spreads work with margin.

5. They have never allowed calendars or diagonals in RUT so don’t even waste your time there. Again, no issues at TT but I have noticed that by Wed. on a Fri. expiration TT ramps up the margin requirements (to like 300k) which forces you to close it then anyway.

6. Frustrating but still manageable in a typical BWB/Rhino/double calendar trade if I stay within those parameters. I will still make as much money, just increases the margin and time requirements.

I will not close that account as the Algo runs on that account but I will be trimming it for only 10-20 contracts and only growth will be from profits, will not add any other funds ever to Schwab accounts. New money will go to Tasty and maybe open an account at Interactive Brokers.

Enjoy the extra day of theta decay!

Chris

Ramie 11:43 am on Friday, February 13, 2026

SPX rolls

Rolled $SPX Feb 13 6920 put out to Feb 17 6920 put @ 7.20 credit
Rolled $SPX Feb 13 6860 put out to Feb 17 6860 put @ 24.45 credit

Option Iceman 9:23 am on Friday, February 13, 2026

SLV Puts Rolled out (again)

Rolled 1 SLV 02/13/2026 61/75 Bull Put Spread to 1 SLV 02/23/2026 61/75 Bull Put Spread at $0.79 Credit

Rolled 1 SLV 02/13/2026 65/70 Bull Put Spread to 1 SLV 02/17/2026 64/69 Bull Put Spread at $0.29 and lowered the short put by a dollar

I am expecting SLV to rally back next week

fuzzballl 7:39 am on Friday, February 13, 2026

SPX SPY

SPX:

Rolling highest strike out and down a week and the other one out to Tue and down a strike. Ladder rolling out and down for good credit.

Rolled SPX Feb 13 2026 6925.0 Puts to Feb 17 2026 6920.0 Puts @ 3.00 credit (45.60 total now)

Rolled SPX Feb 13 2026 6930.0 Puts to Feb 20 2026 6900.0 Puts @ 2.00 credit (43.85 total now)

Ladder:

Rolled SPX Feb 13 2026 6850.0 Put to Feb 23 2026 6800.0 Put @ 28.00 credit (105.10 total now)

SPY adding:

Sold SPY Mar 20 2026 630.0 Put @ 4.20

Jeff 7:31 am on Friday, February 13, 2026
Tags: FuzzyLEAPs ( 76 )

XSP rolls 2/13/26

#FuzzyLEAPs
Rolled $XSP Feb 13th 693 puts to Feb 17th 693 puts, .70 credit
Need some more height to roll the 696.

bikeeagle1 7:30 am on Friday, February 13, 2026
Tags: FuzzyLEAPs ( 76 )

SPX

#FuzzyLEAPs first month review:

Today marks the end of my first month of trading #FuzzyLEAPs with real money. Here’s where the strategy stands as of now:

Total cost of 4 LEAP puts: $358,640
Current value of LEAPs (approx., based on Mid): $400,000
Total credit received: $28,964
% Return so far: 8.07%
Annualized (simple, not compounded): 96.9%
(Returns % based on credit received only, and not counting gains on the LEAPs, as I consider those gains temporary.)

As we all know, this has been an almost perfect month to be running a strategy like this, since the SPX has been bouncing around enough to create decent premiums, but it hasn’t made a big move one way or the other.

Also, I have been extremely conservative by only selling against some of the LEAPs most of the time, as well as targeting the lowest strikes possible to bring in the desired premium. So, the total credit received could have been quite a bit more than it was.

I just thought that a review of how the strategy has done might benefit anyone else interested in it. Future returns will, of course, vary widely. I will keep doing a monthly update internally, but will post it here if anyone is interested. I would also love to see what results others are seeing if anyone wants to post that as well.

bikeeagle1 7:27 am on Friday, February 13, 2026
Tags: FuzzyLEAPs ( 76 )

SPX

#FuzzyLEAPs
Rolled today’s (Feb 13th 2026) SPX 6840 Put to Feb 18th 2026 6800 Put @ 12.00.

Jeff 5:56 am on Friday, February 13, 2026

CPI 2.4% in January, less than expected

The consumer price index for January accelerated 2.4% from the same time a year ago, down 0.3 percentage point from the prior month, the Bureau of Labor Statistics reported Friday.

https://www.cnbc.com/2026/02/13/cpi-inflation-report-january-2026.html