#fuzzyleaps
Now that we have finished the second quarter (and the first half), I wanted to update how my FuzzyLEAPs allocation has been doing. As you all know from my posts here, I have been pretty conservative most of the time, frequently keeping one LEAP uncovered, sometimes selling spreads instead of naked puts, and never letting my LEAPs to get very far OTM. My first day of trading this system with real money was 1/12/2026, so I’m not quite at 6 months yet, but I like keeping my periodic checkups synched with the market’s quarters, so here we go:

Current LEAP: Dec 20 2030 7600 Put
Number of LEAPs currently held: 3
Cost of LEAPs including all rolls: $252,621
Current value of LEAPs based on mid: $228,960
Net loss on LEAPs = $252,621 – $228,960 = $23,661
Total credit received for all put sales: $139,879
Resulting Net P/L = $139,879 – $23,661 = $116,218
Yield on cost = $116,218 / $252,621 = 46%
Annualized (simple, non-compounded) = 46% X 2 = 92%

As @fuzzballl likes to say, 2030 is a long way off. Assuming I can pay for the LEAPs within a little over a year, that leaves three more years after that of pure profit during the lifespan of the LEAPs. Not bad for just a few mouse clicks every day!

🙂