SPX #FuzzyLEAPs

@fuzzballl
I have a question for you.
Based on your experience with #FuzzyLEAPs over the last 15 months, what would you consider a priority:

  • accumulate as much cash as possible from the premiums for roll up and “emergency”
  • use most of the cash from the premiums to add as many new LEAP positions as possible, as quickly as possible.
  • a more balanced approach, like keep some cash and open a few new positions.
  • something else

The reason I ask, is that the more positions you have, the quicker you can add new positions, possibly as fast as one new LEAP every 2 weeks. But with more positions, there is an increase in risk, and a need for more cash reserves for rolling up.

Just curious how you see this moving forward.

Comments and suggestions are welcome from everyone. 🙂

SPX Final Numbers

Final numbers are in on the Traditional IRA. It was a long slow process but gradually building as gains accumulated turned it into a great setup. Couldn’t be happier with how these have performed through all the paper trading, experimenting live with tiny positions and then finally really going for it. Nice to see it’s all working about how I imagined in up, down, and sideways markets. Let’s keep going!!

#FuzzyLEAPs

Building positions:

4 added in Oct 2024
3 added in Feb 2025
1 added in May 2025
2 added in Aug 2025
2 added in Dec 2025
3 added in Feb 2026

Lots of various sized roll ups (23 total) eventually getting everything to 7000 strike in 2030 expiration.

====================

Total Cost:

937858.45

Total credit to close LEAPS:

885019.00

Loss on LEAPS:

-52839.45

Total premium received:

918083.85

====================

Net gain:

865244.40

====================

GPC stock

Sold a tiny bit of GPC stock at $107.51. Bought on 3/23 at $96.00
#FormerFallingKnife

SOLD QQQI 17 APR 2026…

SOLD QQQI 17 APR 2026 56 CALL @.06 /same for strikes 57,58and 60.
My cost basis is 54.
9 DTE
#itisusagainstthemachines
#everylittlebithelps
#alittlebitisbetterthannada

XSP rolls 4/8/26

#FuzzyLEAPs Back in the saddle with XSP trading in the midst of my short puts rather than way below them. If these levels hold or higher I will need to start moving my LEAP spreads back to original levels.

Rolled $XSP Apr 8th 679 put to Apr 9th 679 put, 1.00 credit
Will allow today’s 654 puts to expire and roll to much higher strike.

SPY

Another quickie.

Bought to Close SPY May 15 2026 600.0 Puts @ 2.14 (sold for 4.90)
Bought to Close SPY May 15 2026 610.0 Puts @ 2.60 (sold for 6.00)
Bought to Close SPY May 15 2026 620.0 Puts @ 3.20 (sold for 8.00)

UVXY TSLA

Sold 1 UVXY 04/10/2026 57/52 Bear Call Spread at $0.20 Credit

Sold 1 TSLA 04/10/2026 327.5/332.5 Bull Put Spread at $0.39 Credit
Sold 1 TSLA 04/13/2026 317.5/322.5 Bull Put Spread at $0.32 Credit
Sold 1 TSLA 04/15/2026 320/315 Bull Put Spread at $0.47 Credit

SPX roll

Rolled $SPX Apr 8 6640 puts up and out to Apr 9 6700 puts @ 9.25 credit

SPX

I thought this loser deserved it’s own post. Thank you for taking the heat!!!

Bought to Close SPX Apr 17 2026 6700/6705 Bear Call Spreads @ 3.80 (sold for 1.45)

SPX

Monumental day in SPX. Closed all short puts booking the gains and resetting everything. This includes finally getting out of my last 3 positions in the Traditional IRA. Roth conversion can be completed now and all gains going forward will be tax free!!!

Bought to Close SPX Apr 08 6450.0 Put @ .30 (sold for 92.50)
Bought to Close SPX Apr 08 6525.0 Put @ .55 (sold for 106.15)
Bought to Close SPX Apr 08 6525.0 Puts @ .50 (sold for 96.35)
Bought to Close SPX Apr 09 6500.0 Put @ 1.15 (sold for 145.60)
Bought to Close SPX Apr 10 6450.0 Put @ 1.75 (sold for 102.85)
Bought to Close SPX Apr 10 6500.0 Puts @ 2.15 (sold for 90.35)
Bought to Close SPX Apr 10 6500.0 Puts @ 2.15 (sold for 65.25)
Bought to Close SPX Apr 13 6500.0 Put @ 4.10 (sold for 42.00)
Bought to Close SPX Apr 17 6700.0 Put @ 38.90 (sold for 135.60)
Bought to Close SPX Apr 17 6730.0 Puts @ 46.50 (sold for 56.40)

Sold to Close SPX Dec 2030 7000.0 Puts @ 800.00

And reloading:

Sold SPX Apr 09 6675.0 Puts @ 7.50 and 8.50
Sold SPX Apr 09 6700.0 Puts @ 11.00

New Ladder:

Sold SPX Apr 13 6625.0 Put @ 14.50
Sold SPX Apr 14 6625.0 Put @ 17.50
Sold SPX Apr 15 6625.0 Put @ 21.60
Sold SPX Apr 16 6625.0 Put @ 25.10
Sold SPX Apr 17 6600.0 Put @ 25.00

TSLA Puts and Calls closed

Bought to close 1 TSLA 04/08/2026 310/315 Bull Put Spread at $0.01

Bought to close 1 TSLA 04/08/2026 375/370 Bear Call Spread at $0.01

SPX

#fuzzyleaps
BTC SPX Apr 8 2026 6325 Put @ 0.10.
After today’s TACO trades, I have 2/3 LEAPs covered.

SPY,

BTC May 15,
590 put at1.89 sold at 4.71
595 puts at 2.11 sold at 5.05
600 puts at 2.29 sold at 5.71

SPX

#fuzzyleaps
STO SPX Apr 10 2026 6675 Put @ 15.00.

SPX

#fuzzyleaps
STO SPX Apr 9 2026 6700 Put @ 10.00.

XSP Puts closed

Bought to close 1 XSP 04/08/2026 638/643 Bull Put Spread at $0.01
Out of XSP for now