#FuzzyLEAPs Another day with bond yields reaching new heights. Every time this happened before was followed by a financial crisis. So I rolled down two strikes. I have other positions at higher strikes still not expiring for a week or two. This strategy continues to be a struggle for XSP, without meaningful profit for weeks again. The only solution may have to be just to take a hit to roll lower as rolling down and out for profit gets you stuck if the market fails to make new highs.
Rolled $XSP Sep 29th 770 puts DOWN to Oct 2nd 768 puts, .65 credit