MRVL 120/130 Bull Put Spread
BAX 22.0 Covered Calls
BOIL1 16.0 Covered Call
TSCO 32.0 Covered Call
TSCO 32.5 Covered Call
TSCO 36.0 Covered Call
TZA 8.5 Covered Calls
TZA 9.5 Covered Call
BSX 48.0 Put
CAG 13.0 Put
HRL 19.0 Puts
MSTX 22.0 Put
ASSIGNMENTS:
KHC 24.0 Covered Calls (closed only 1 penny over the strike price)
SPCE 5.5 Covered Calls (been fighting this one since 3 different 2025 Put assignments at $4.07 avg price)
Here’s an even more extreme example of how this works even in a beyond ridiculous up market. In my daughter’s account I started with one contract on April 15th. This was just after the market bottomed and had gapped up above the 50 day moving average. Since then SPX has gone up another 10 percent in 6 weeks. So how did one contract do?
Here’s the actual numbers:
Building positions:
01 added in Apr 2026
Lots of roll ups (5 total) eventually getting everything to 7500 strike in 2030 expiration.
Total Cost to this point:
89,030.00
Total credit to close LEAP:
72,500.00
Loss on LEAPS:
-16,530.00
Total premium received:
37,896.00
===================
Total gain:
21,366.00
===================
Not bad considering how awful my entry timing was. VIX was still a little high and obviously I never imagined a run up like we’ve had. BUT STILL GREAT RETURNS (208 percent annualized). Crazy when you consider this is about as bad as it can get fighting an up move.
Options Bistro 