#FuzzyLEAPs Well, it is becoming my curse that when we have sharp down moves, I miss them, and when I try to move strikes down I get stuck in a sharp up move. In a Downside Warning it’s much easier to catch down moves but at this time it’s way more difficult. My accounts have not gone up meaningfully in months. I don’t know if this strategy is tenable in the long run for XSP, as it’s too difficult to roll strikes downward during a correction.

I caught the swings easily for one trade, but because I was holding out for lowering my strike on the second, I got screwed and moved to a higher strike instead. Skipped to Monday as I cannot trade tomorrow.

Rolled $XSP July 30th 765 puts to Aug 3rd 765 puts, 1.00 credit
Rolled $XSP July 30th 764 puts UP to Aug 3rd 770 puts, -.60 debit