SPX

Rolled SPX Oct 2026 7000 put to Dec 7100 put @79.1

buying two more months, and the new strike is around 21 day ema.
Before this, I had rolled multiple times in the last 3 months, first from 7000 to 6800 and then 6500, recently in April back up from 6500 to 6800 then 7000.

The premium from the short legs hasn’t been enough to offset the loss on the long leg. In April, my account gave back 1/3 of the profit made this year (up 85% by end of March), largely due to the crazy run up, partly due to that I didn’t have time to mange the rolling each day and had to roll out multiple days often.

Still feel there is enough time to make it back before year end.