#FuzzyLEAPs Feel like I got caught with my pants down again, suffering multiple days ITM as I was unable to roll strikes down. And it was the second time in a row that the multiple day (or week) pullback came immediately after I rolled strikes much higher (in this case from 770 to 780). I’m trying to figure away to avoid this. What I will try next time is to NOT roll so high and leave at least one strike a decent distance below the XSP highs, rather than all strikes ATM. Since we first dropped on Aug 17th I have had very dismal luck in legging on the swings, with a net LOSS on daily rolls over the 7 trading days. There is not sufficient volatility to provide sharp down moves that make swing-rolls easy during Downside Warnings.

Rolled $XSP Aug 25th 780 puts to Aug 26th 780 puts, -.80 debit
Rolled $XSP Aug 25th 777 puts to Aug 26th 777 puts, -.50 debit