#fuzzyleaps #spxsnowball
Rolled SPX Sep 9 2026 7540 Put to Sep 14 2026 7460 Put @ 6.10 Credit.
Ladder now:
Sep 10 7595 Put
Sep 11 7530 Put
Sep 14 7460 Put
LEAPs:
3 @ 7700
SPX now:
7673.52
Monthly Archives: September 2026
XSP roll 9/8/26
#FuzzyLEAPs Another day, another dime.
Rolled $XSP Sep 8th 784 puts to Sep 9th 784 puts, .10 credit (swing-roll)
SPX
Rolled SPX 9/8/26 7730 Put to SPX 9/9/26 7730 Put @ 3.00 Credit
#fuzzyleaps
SPX
Bought to Close SPX Sep 08 2026 7650.0 Put @ .25 (sold for 70.90)
Bought to Close SPX Sep 08 2026 7675.0 Put @ 1.15 (sold for 49.65)
Sold SPX Sep 14 2026 7600.0 Put @ 13.90
Sold SPX Sep 14 2026 7625.0 Put @ 18.40
Tuesday Trades
Sold 1 ORCL 09/11/2026 202.5/200 Bear Call Spread at $0.15 Credit
Sold 1 ORCL 09/11/2026 131/133 Bull Put Spread at $0.18 Credit
They can’t both lose 🙂
#OnlySpreads
Sold 1 AVGO 09/09/2026 395/382.5 Bear Call Spread at $0.23 Credit
#1DTE
Sold 1 WU 09/18/2026 11.0 Covered Call at $0.05
Sold 1 TSCO 09/11/2026 36.0 Covered Call at $0.22
#EveryLittleBitHelps
Sold 1 NKE 09/11/2026 36.5 Put at $0.06
Sold 1 NKE 09/11/2026 37.0 Put at $0.11
Sild 1 STZ 09/11/2026 115.0 Put at $0.20
Sold 1 TJX 09/11/2026 126.0 Put at $0.26
Sold 1 KR 09/11/2026 54.0 Put at $0.27
#TinyPuts
Sold out of my tiny position in NRG stock at $120.01.
Bought on 8/31 at $110.00
#FormerFallingKnife
Started a tiny new position in TJX at $129.00
Started a tiny new position in ROL at $35.00
#FallingKnife
SPX
Rolling into the PPI volatility on Thursday. Still have CPI to work with on Friday.
Rolled SPX Sep 08 2026 7700.0 Puts to Sep 10 2026 7680.0 Puts @ 6.25 credit
Rolled SPX Sep 08 2026 7710.0 Puts to Sep 10 2026 7690.0 Puts @ 1.55 credit
XSP
Rolled XSP 09/08/26 772 Put to XSP 09/09/26 772 Put @ 0.70 Credit
SPX
Rolled SPX Sep 8 2026 7505 Put to Sep 11 2026 7530 Put @ 6.25 Credit.
Ladder now:
Sep 9 7540 Put
Sep 10 7595 Put
Sep 11 7530 Put
LEAPs:
3 @ 7700
SPX now:
7718.60
September Market Weakness: The Setup Has Teeth
https://www.zerohedge.com/markets/september-market-weakness-setup-has-teeth
But….at the end of the article:
What Should Investors Do Now
So, what does this all mean for investors? Most importantly, this is a tactical market reset, not a call to abandon equities and go hide in cash. Scott Rubner himself framed the September weakness as a “better entry point ahead of a more constructive mid-October.”
He is correct. Once mid-October arrives, the options expiry will have cleared, the FOMC will have met, and corporate buybacks will have resumed. Notably, the market will be focusing on Q3 corporate earnings reports. which typically support markets heading into November.
Therefore, the investor playbook is to use market strength to rebalance portfolio risk rather than chase it.
Heading into next week, the support and resistance levels are evident. The first resistance is the record at 7,796, about 1% away. Just above that are the round numbers at 7,900 and 8,000. (Those are our year-end targets that sit just above previous all-time highs.) Conversely, support starts at the 50-day near 7,585. That level also marks the breakout that a failed retest would expose. Just below that level is the 7,300 zone, then the 200-day at 7,137, the same downside band the seasonal math points toward.
Earnings 9/7 – 9/11
Econ Calendar 9/7 – 9/11
SPX Strategy 6 Month Update
Let me preface this by saying I couldn’t be happier with the #SPXsnowball !!
Haven’t done an update for awhile. Last one was at the 3 month mark since converting everything and moving it all into a ROTH IRA (you’re welcome gubment but I’m done with you forever now 🙂 🙂 🙂 )
Now at the 6 month mark so let’s see how things are going.
Building positions:
15 added in Mar 2026
08 added in Apr 2026
02 added in May 2026
05 added in Jul 2026
01 added in Aug 2026
Lots of various sized roll ups (9 total) eventually getting everything to 7800 strike in 2030 expiration.
Total Cost to this point:
3,001,638.00
Total credit to close LEAPS:
2,247,500.00
Loss on LEAPS:
-754,138.00
Total premium received:
1,829,144.00
===================
Total gain:
1,075,006.00
===================
OptionsExpiration
AVGO 455/445 Bear Call Spread
CPB 20/21 Bull Put Spread
LULU 95/98 Bull Put Spread
LULU 113/108 Bear Call Spread (rolled down to this today)
PANW 295/297.5 Bull Put Spread
PANW 300/302.5 Bull Put Spread
PANW 312.5/315 Bull Put Spread
SPCX 120/125 Bull Put Spread
SPCX 125/130 Bull Put Spread (different account)
SPCX 165/160 Bear Call Spread
TSLA 410/407.5 Bear Call Spread
TSLA 415/412.5 Bear Call Spread
CPB 21.0 Put
FIS 38.0 Put
NKE 37.5 Put
NKE 37.0 Put
PCG 12.5 Put
PCG 12.0 Put
WYNN 87.0 Put
CPB 25.0 Covered Calls
HRL 24.0 Covered Calls
TSCO 36.0 Covered Call
SPX
Rolled SPX 9/4/26 7735 Put down to 9/8/26 7730 Put @ 5.00 Credit…
XSP roll 9/4/26
#FuzzyLEAPs Only one expiring today and I didn’t push for big credit on this swing roll
Rolled $XSP Sep 4th 784 puts to Sep 8th 784 puts, +.10 credit
SPX Friday rolls
Lowering strikes:
Rolled $SPX Sep 4 7700 puts out to Sep 9 7670 puts @ 9.70 credit
Rolled $SPX Sep 4 7720 puts out to Sep 9 7685 puts @ 6.00 credit
Rolled $SPX Sep 4 7740 puts out to Sep 9 7725 puts @ 3.50 credit
Raising strike:
Rolled $SPX Sep 4 7630 puts out to Sep 9 7640 puts @ 5.70 credit
(Expected move for Tuesday: 7660)
LULU
Bought to close 1 LULU 09/04/2026 100.0 Put at $0.22 (it traded as high as $3.25 this morning)
Sold on Monday at $0.43
SPX
Booking two ladder rungs instead of rolling (paperwork technicality on my end):
Bought to Close SPX Sep 04 2026 7675.0 Put @ 1.30 (sold for 57.80)
Bought to Close SPX Sep 04 2026 7700.0 Put @ 5.25 (sold for 65.35)
Sold SPX Sep 11 2026 7650.0 Put @ 17.80
Sold SPX Sep 11 2026 7675.0 Put @ 27.25
Tuesday roll up:
Rolled SPX Sep 08 2026 7600.0 Put to Sep 08 2026 7650.0 Put @ 3.00 credit
Rolled SPX Sep 08 2026 7625.0 Put to Sep 08 2026 7675.0 Put @ 5.00 credit
August Jobs Report
#Jobs — Much higher than expected, reversing from prior losses.
Gain of +163,000 non-farm payroll jobs, vs. expected gain of +53K
Unemployment unchanged at 4.1%
U6 unemployment down 0.2 at 7.7%
Labor force participation up 0.2 to 61.6%
Average hourly earnings up by 0.3%; +3.1% Y/Y
July jobs revised up by +44K to +21K
June jobs revised up by +11K to +31K
SPX
#fuzzyleaps
BTC SPX Sep 4 2026 7505 Put @ 0.15 Debit.
Waiting for labor numbers @ 8:30 AM (Eastern time) to decide what to do with the next sale.
XSP
Rolled XSP 9/4/26 772 Put to XSP 09/08/26 772 Put @ 0.75 Credit
Currently at 7 rolls for $5.36 Credit….
#fuzzyleaps
OptionExpiration
SPY 09/03/2026 755/758 Bull Put Spread
GOOGL SPY Spreads
Bought to close 1 GOOGL 09/04/2026 322.5/377.5 Bull Put Spread at $0.01
Rolled 1 SPY 09/03/2026 774/771 Bear Call Spread to 1 SPY 09/10/2026 777/772 Bear Call Spread at $0.24 Credit
XSP rolls 9/3/26
#FuzzyLEAPs My swing-roll blunders have become so assured that I need to stop them until we’re in a downside warning. I managed to get a decent diagonal on my 780’s, but got slammed again on the 783’s.
Rolled $XSP Sep 3rd 780 puts OUT to Sep 10th 779 puts, .66 credit (diagonal trade)
Rolled $XSP Sep 3rd 783 puts UP to Sep 4th 784 puts, .24 credit (failed swing-roll)
SPX
Ladder:
Bought to Close SPX Sep 3 2026 7650.0 Put @ .30 (sold for 42.00)
Bought to Close SPX Sep 3 2026 7675.0 Put @ .50 (sold for 41.30)
Sold SPX Sep 10 2026 7650.0 Put @ 13.50
Sold SPX Sep 10 2026 7675.0 Put @ 18.00
Tomorrow roll up:
Rolled SPX Sep 04 2026 7600.0 Put to Sep 04 2026 7675.0 Put @ 3.50 credit
Rolled SPX Sep 04 2026 7625.0 Put to Sep 04 2026 7700.0 Put @ 6.00 credit
Early roll to Tuesday:
Rolled SPX Sep 04 2026 7710.0 Puts to Sep 08 2026 7700.0 Puts @ 4.05 credit
Rolled SPX Sep 04 2026 7720.0 Puts to Sep 08 2026 7710.0 Puts @ 3.00 credit
SPY
Taking the 30 percent quickies in a couple days.
Bought to Close SPY Oct 16 2026 705.0 Put @ 2.30 (sold for 3.50)
Bought to Close SPY Oct 16 2026 710.0 Put @ 2.55 (sold for 3.50)
Bought to Close SPY Oct 16 2026 715.0 Put @ 2.85 (sold for 3.85)
Bought to Close SPY Oct 16 2026 720.0 Put @ 3.20 (sold for 4.30)
Bought to Close SPY Oct 16 2026 725.0 Put @ 3.60 (sold for 5.25)
SPX
#fuzzyleaps
Rolled SPX Sep 3 2026 7580 Put to Sep 9 2026 7540 Put @ 6.00 Credit.
Ladder now:
Sep 4 7505 Put
Sep 8 7505 Put
Sep 9 7540 Put
LEAPs:
3 @ 7700
SPX now:
7666.60
OptionsExpiration
TSLA 09/02/2026 395/392.5 Bear Call Spread
AMZN 09/02/2026 245/257.5 Bull Put Spread
SPY Spreads
Sold 1 SPY 09/03/2026 774/771 Bear Call Spread at $0.15 Credit
Sold 1 SPY 09/03/2026 755/758 Bull Put Spread at $0.15 Credit
They can’t both lose 🙂
XSP rolls 9/2/26
#FuzzyLEAPs I got one day of respite yesterday, but today I returned to my awful timing for swing rolls. Tried to git’er done early and that screwed me.
Rolled $XSP Sep 2nd 780 puts UP to Sep 3rd 783 puts, .60 credit
Rolled $XSP Sep 2nd 778 puts UP to Sep 3rd 780 puts, -.40 debit
SPX
Nice up day so a good time to roll my lid. As long as these are being rolled everything is free money. 🙂 🙂
Rolled SPX Sep 04 2026 7825.0 Puts to Sep 18 2026 7825.0 Puts @ 10.75 credit
Also rolling my other highest strikes:
Rolled SPX Sep 04 2026 7740.0 Puts to Sep 11 2026 7720.0 Puts @ 2.00 credit
Rolled SPX Sep 04 2026 7730.0 Puts to Sep 11 2026 7710.0 Puts @ 4.50 credit
SPX
Just in case Iceman’s post about drawdowns holds true again throwing this out there at the bottom of the expected move. Looking at call spreads to sell to maybe help pay for part or all of this.
Bought to Open SPX Oct 16 2026 7300/7200 Bear Put Spread @ 9.85
EDIT: Sold SPX Oct 16 2026 7900/7905 Bear Call Spreads @ 1.40
SPX
Rolled SPX Sep 02 2026 7675.0 Put to Sep 09 2026 7650.0 Put @ 12.50 credit
Rolled SPX Sep 02 2026 7650.0 Put to Sep 09 2026 7625.0 Put @ 21.05 credit
SPX
#fuzzyleaps
Rolled SPX Sep 2 2026 7595 Put to Sep 8 2026 7505 Put @ 6.10 Credit.
Ladder now:
Sep 3 7580 Put
Sep 4 7505 Put
Sep 8 7505 Put
LEAPs:
3 @ 7700
SPX now:
7631.47
From X (Twitter)
S&P 500 DRAWDOWN AFTER AUGUST IN EVERY RECENT MIDTERM ELECTION YEAR:
1962: -12.3%
1966: -18.2%
1970: -7.1%
1974: -28.6%
1978: -9.3%
1982: -27.1%
1986: -8.4%
1990: -18.2%
1994: -9.3%
1998: -18.3%
2002: -21.1%
2006: -6.9%
2010: -16.0%
2014: -11.2%
2018: -21.2%
2022: -16.9%
NOT A SINGLE POSITIVE RETURN IN 60 YEARS
2026 WON’T BE DIFFERENT
SPX rolls
Rolled $SPX Sep 1 7720 puts out to Sep 4 7720 puts @ 1.70 credit
Rolled $SPX Sep 1 7700 puts out to Sep 4 7700 puts @ 5.50 credit
Rolled $SPX Sep 1 7660 puts out to Sep 4 7630 puts @ 3.50 credit
XSP rolls 9/1/26
#FuzzyLEAPs was able to roll one down a strike but not both
Rolled $XSP Sep 1st 781 puts DOWN to Sep 2nd 780 puts, 1.00 credit
Rolled $XSP Sep 1st 778 puts to Sep 2nd 778 puts, .30 credit
CPB Spread
Sold 1 CPB 09/04/2026 25.5/25 Bear Call Spread at $0.12 Credit
#EveryLittleBitHelps
IREN SPYI IWMI
#rolling
IREN rolled 18 DEC 2026 50 PUT/to 19 FEB 2027 50 put 2027 for a @1.47 credit
IREN rolled 18 DEC 2026 60 PUT / to a 19 FEB 60 put 2027 for a @1.15 credit
Tiny buy
BOT SPYI @53.48
BOT IWMI @51.60
Tuesday trades
Sold 1 AMZN 09/02/2026 245/247.5 Bull Put Spread at $0.12 Credit
Sold 1 GOOGL 09/02/2026 320/325 Bull Put Spread at $0.14 Credit
Sold 1 META 09/02/2026 537.5/540 Bull Put Spread at $0.18 Credit
Sold 1 PANW 09/04/2026 300/302.5 Bull Put Spread at $0.13 Credit
Sold 1 FIS 09/04/2026 38.0 Put at $0.10
Sold 1 NKE 09/04/2026 37.0 Put at $0.09
Sold 1 PCG 09/04/2026 12.0 Put at $0.07
Started a tiny new position in WYNN stock at $90.00
Added a tiny bit more LII stock at $380.00
SPY
Sprinkling a few starters out there around the 200 day.
Sold SPY Oct 16 2026 710.0 Put @ 3.50
Sold SPY Oct 16 2026 715.0 Put @ 3.85
Sold SPY Oct 16 2026 720.0 Put @ 4.30
SPX
Rolled SPX Sep 01 2026 7650.0 Put to Sep 08 2026 7625.0 Put @ 17.75 credit
Rolled SPX Sep 01 2026 7625.0 Put to Sep 08 2026 7600.0 Put @ 21.75 credit
SPX
#fuzzyleaps
Rolled SPX Sep 1 2026 7560 Put to Sep 4 2026 7505 Put @ 6.00 Credit.
Ladder now:
Sep 2 7595 Put
Sep 3 7580 Put
Sep 4 7505 Put
LEAPs:
3 @ 7700
SPX now:
7686.14
Options Bistro 