#FuzzyLEAPs. Well, here we are again at the start of a possible pullback, and yet again I’m stuck with my pants down. It was probably a mistake to not heed the CPI data release. I had figured before that I may want to let positions expire and not roll them before data releases, especially now when inflation & interest rates are more likely to be bad news than good. That would give me the chance to see how the market plays out and place a much lower strike if necessary. But I didn’t take that action.

My second mistake was not rolling at or soon after the open, in hopes we might just recover from the premarket dip. I had ample opportunity for a decent roll of 778 and a roll-down of 780 puts. But that’s now firmly gone and I’m faced with another period of stagnation with this strategy.

I just can’t crack it.