In spirit of sharing and learning, from each other’s success or mistake.

Near the close of Monday, I did a roll up, at 3:37 Mar‑13‑26 6650 to 6775 @32.5 credit.

Earlier to day, I rolled Mar-13-26 6775 to Mar-17-26 6730 Put @ 2.2

The Monday pm roll was an emotional trade, exactly buying the top. Even Monday evening I was thinking to reverse it on Tuesday, but when Tuesday came, part of me just didn’t want to admit I was wrong, and started the hoping game…. as how well that usually ends…

The whole structure still made money this week, but if I hadn’t done that roll on Monday pm, rolling Mar-13-26 6650 to Mar-17-26 6730 this evening would have pulled in 107, for $72 extra net profit per! ouch!

Although without that action, it’s highly unlikely that I would have rolled to Mar-17-26 6730 today, more likely to Mar-16-26 6600 or lower, a much better structure (pairing up with the long Apr 6800 put) if SPX keeps going lower, still…!

“The market has a funny way to catch the trades’ mistakes”.