#fuzzyleaps
Rolled SPX Sep 18 2026 7365 Put to Sep 23 2026 7470 Put @ 6.10 Credit.
Ladder now:
Sep 21 7355 Put
Sep 22 7425 Put
Sep 23 7470 Put
LEAPs:
3 @ 7700
SPX now:
7637.76
Author Archives: bikeeagle1
SPX
#fuzzyleaps
Rolled SPX Sep 17 2026 7365 Put to Sep 22 2026 7425 Put @ 6.15 Credit.
Ladder now:
Sep 18 7365 Put
Sep 21 7355 Put
Sep 22 7425 Put
LEAPs:
3 @ 7700
SPX now:
7551.81
#fuzzyleaps Rolled SPX Sep 16…
#fuzzyleaps
Rolled SPX Sep 16 2026 7415 Put to Sep 21 2026 7355 Put @ 6.20 Credit.
Ladder now:
Sep 17 7365 Put
Sep 18 7365 Put
Sep 21 7355 Put
LEAPs:
3 @ 7700
SPX now:
7585.73
SPX
Warning: Sep 18 2026 has AM and PM options!
#fuzzyleaps
Rolled SPX Sep 15 2026 7500 Put to Sep 18(PM) 2026 7365 Put @ 6.00 Credit.
Ladder now:
Sep 16 7415 Put
Sep 17 7365 Put
Sep 18 7365 Put
LEAPs:
3 @ 7700
SPX now:
7619.98
SPX
#fuzzyleaps #spxsnowball
Rolled SPX Sep 14 2026 7460 Put to Sep 17 2026 7365 Put @ 6.15 Credit.
Ladder now:
Sep 15 7500 Put
Sep 16 7415 Put
Sep 17 7365 Put
LEAPs:
3 @ 7700
SPX now:
7656.98
SPX
#fuzzyleaps #spxsnowball
Rolled SPX Sep 11 2026 7530 Put to Sep 16 2026 7415 Put @ 6.00 Credit.
Ladder now:
Sep 14 7460 Put
Sep 15 7500 Put
Sep 16 7415 Put
LEAPs:
3 @ 7700
SPX now:
7591.70
SPX
#fuzzyleaps #spxsnowball
Rolled SPX Sep 10 2026 7595 Put to Sep 15 2026 7500 Put @ 6.35 Credit.
Ladder now:
Sep 11 7530 Put
Sep 14 7460 Put
Sep 15 7500 Put
LEAPs:
3 @ 7700
SPX now:
7636.36
SPX
#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
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
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.
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
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
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
SPX
#fuzzyleaps
Rolled SPX Aug 31 2026 7505 Put to Sep 3 2026 7580 Put @ 6.00 Credit.
Ladder now:
Sep 1 7560 Put
Sep 2 7595 Put
Sep 3 7580 Put
LEAPs:
3 @ 7700
SPX now:
7711.76
SPX
#fuzzyleaps
Rolled SPX Aug 28 2026 7605 Put to Sep 2 2026 7595 Put @ 6.00 Credit.
Ladder now:
Aug 31 7505 Put
Sep 1 7560 Put
Sep 2 7595 Put
LEAPs:
3 @ 7700
SPX now:
7730.99
SPX
#fuzzyleaps
Rolled SPX Aug 27 2026 7575 Put to Sep 1 2026 7560 Put @ 6.00 Credit.
Ladder now:
Aug 28 7605 Put
Aug 31 7505 Put
Sep 1 7560 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 26 2026 7530 Put to Aug 31 2026 7505 Put @ 6.00 Credit.
Ladder now:
Aug 27 7575 Put
Aug 28 7605 Put
Aug 31 7505 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolle SPX Aug 25 2026 7675 Put to Aug 28 2026 7605 Put @ 6.00 Credit.
Ladder now:
Aug 26 7530 Put
Aug 27 7575 Put
Aug 28 7605 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 24 2026 7640 Put to Aug 27 2026 7575 Put @ 6.55 Credit.
Ladder now:
Aug 25 7675 Put
Aug 26 7530 Put
Aug 27 7575 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 21 2026 7600 Put to Aug 26 2026 7530 Put @ 6.05 Credit.
Ladder now:
Aug 24 7640 Put
Aug 25 7675 Put
Aug 26 7530 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 20 2026 7700 Put to Aug 25 2026 7675 Put @ 6.00 Credit.
Ladder now:
Aug 21 7600 Put
Aug 24 7640 Put
Aug 25 7675 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 19 2026 7690 Put to Aug 24 2026 7640 Put @ 6.00 Credit.
Ladder now:
Aug 20 7700 Put
Aug 21 7600 Put
Aug 24 7640 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 18 2026 7640 Put to Aug 21 2026 7600 Put @ 6.00 Credit.
Ladder now:
Aug 19 7690 Put
Aug 20 7700 Put
Aug 21 7600 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 17 2026 7595 Put to Aug 20 7700 Put @ 6.00 Credit.
Ladder now:
Aug 18 7640 Put
Aug 19 7690 Put
Aug 20 7700 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 14 2026 7625 Put to Aug 19 2026 7690 Put @ 6.00 Credit.
Ladder now:
Aug 17 7595 Put
Aug 18 7640 Put
Aug 19 7690 Put
LEAPs:
3 @ 7700
SPX
#fuzzyleaps
Rolled SPX Aug 13 2026 7625 Put to Aug 18 2026 7640 Put @ 6.00 Credit.
Ladder now:
Aug 14 7625 Put
Aug 17 7595 Put
Aug 18 7640 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Aug 12 2026 7570 Put to Aug 17 2026 7595 Put @ 6.00 Credit.
This order filled during the volatility around the CPI release, then immediately became profitable.
Ladder now:
Aug 13 7625 Put
Aug 14 7625 Put
Aug 17 7595 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Aug 11 2026 7560 Put to Aug 14 2026 7625 Put @ 6.00 Credit.
Ladder now:
Aug 12 7570 Put
Aug 13 7625 Put
Aug 14 7625 Put
LEAPs:
3 @ 7600*
*If my other short put ends up above 7600 tomorrow, I’ll probably consider rolling up my LEAPs.
SPX
Rolled SPX Aug 10 2026 7595 Put to Aug 13 2026 7625 Put @ 6.00 credit.
Ladder now:
Aug 11 7560 Put
Aug 12 7570 Put
Aug 13 7625 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Aug 7 2026 7475 Put to Aug 12 2026 7570 Put @ 6.00 credit.
Ladder now:
Aug 10 7595 Put
Aug 11 7560 Put
Aug 12 7570 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Aug 6 2026 7565 Put to Aug 11 2026 7560 Put @ 6.45 credit.
Ladder now:
Aug 7 7475 Put
Aug 10 7595 Put
Aug 11 7560 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Aug 5 2026 7550 Put to Aug 10 7595 Put @ 6.15 credit.
Ladder now:
Aug 6 7565 Put
Aug 7 7475 Put
Aug 10 7595 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Aug 4 2026 7110 Put to Aug 7 2026 7475 Put @ 6.00 credit.
Ladder now:
Aug 5 7550 Put
Aug 6 7565 Put
Aug 7 7475 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Aug 3 2026 7575 Put to Aug 6 2026 7565 Put @ 6.00 credit.
Ladder now:
Aug 4 7110 Put
Aug 5 7550 Put
Aug 6 7565 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Jul 31 2026 7550 Put to Aug 5 2026 7550 Put @ 7.25 credit.
Ladder now:
Aug 3 7575 Put
Aug 4 7110 Put
Aug 5 7550 Put
LEAPs:
3 @ 7600
SPX
Rolled SPX Jul 30 2026 7250 Put to Aug 4 2026 7110 Put @ 6.00 credit.
Ladder now:
Jul 31 7550 Put
Aug 3 7575 Put
Aug 4 7110 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Jul 28 2026 7250 Put to Jul 30 2026 7250 Put @ 7.55 credit.
Ladder now:
Jul 30 7250 Put
Jul 31 7550 Put
Aug 3 7575 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Jul 27 2026 7575 Put to Aug 3 2026 7575 Put @ 8.45 credit.
Ladder now:
Jul 28 7250 Put
Jul 31 7550 Put
Aug 3 7575 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Jul 24 2026 7550 Put to Jul 31 2026 7550 Put @ 2.55 Credit.
I had to roll the 7550 put a couple of extra days to get any premium. Unless we get some positive news over the weekend, I may pay a debit on Monday to roll the 7575 closer to ATM. Thinking maybe something like the delta 70 strike, to get it back into a more rollable situation, but still participate in the upside delta if we get a rally.
Ladder now:
Jul 27 7575 Put
Jul 28 7250 Put
Jul 31 7550 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Jul 23 7290 Put to Jul 28 2026 7250 Put @ 6.00 credit.
Ladder now:
Jul 24 7550 Put
Jul 27 7575 Put
Jul 28 7250 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Jul 22 2026 7575 Put to Jul 27 7575 Put @ 6.00 credit.
Ladder now:
Jul 23 7290 Put
Jul 24 7550 Put
Jul 27 7575 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Rolled SPX Jul 21 2026 7550 Put to Jul 24 2026 7550 Put @ 7.90 credit.
Ladder now:
Jul 22 7575 Put
Jul 23 7290 Put
Jul 24 7550 Put
LEAPs:
3 @ 7600
SPX
#fuzzyleaps
Pre-market, Rolled SPX Jul 20 2026 7325 Put to Jul 23 2026 7290 Put @ 6.25 credit.
SPX
#fuzzyleaps
Vacation is over. Setting up a mini ladder again:
Rolled SPX Jul 17 2026 7550 Put to Jul 21 2026 7550 Put @ 6.00 credit.
Rolled SPX Jul 17 2026 7575 Put to Jul 22 2026 7575 Put @ 3.00 credit.
STO SPX Jul 20 2026 7325 Put @ 3.20 credit.
Ladder now:
Jul 20 7325 Put
Jul 21 7550 Put
Jul 22 7575 Put
SPX Second Quarter Update:
#fuzzyleaps
Now that we have finished the second quarter (and the first half), I wanted to update how my FuzzyLEAPs allocation has been doing. As you all know from my posts here, I have been pretty conservative most of the time, frequently keeping one LEAP uncovered, sometimes selling spreads instead of naked puts, and never letting my LEAPs to get very far OTM. My first day of trading this system with real money was 1/12/2026, so I’m not quite at 6 months yet, but I like keeping my periodic checkups synched with the market’s quarters, so here we go:
Current LEAP: Dec 20 2030 7600 Put
Number of LEAPs currently held: 3
Cost of LEAPs including all rolls: $252,621
Current value of LEAPs based on mid: $228,960
Net loss on LEAPs = $252,621 – $228,960 = $23,661
Total credit received for all put sales: $139,879
Resulting Net P/L = $139,879 – $23,661 = $116,218
Yield on cost = $116,218 / $252,621 = 46%
Annualized (simple, non-compounded) = 46% X 2 = 92%
As @fuzzballl likes to say, 2030 is a long way off. Assuming I can pay for the LEAPs within a little over a year, that leaves three more years after that of pure profit during the lifespan of the LEAPs. Not bad for just a few mouse clicks every day!
🙂
SPX
#fuzzyleaps
Increased SPY position somewhat, so uncovering one SPX LEAP as a hedge:
BTC SPX Jul 6 2026 7475 Put @ 29.00 debit.
SPX
#fuzzyleaps
Creating a vacation:
Rolled SPX Jun 24 2026 7490 Put to Jul 6 2026 7475 Put @ 9.00 credit.
SPX
#fuzzyleaps
Rolled SPX Jun 23 2026 7490 Put to Jun 24 2026 7490 Put @ 0.75 Credit.
SPX
#fuzzyleaps
Rolled SPX Jun 21 2026 7500 Put to Jun 22 2026 7490 Put @ 4.00 Credit.
SPX
#fuzzyleaps
Rolled SPX Jun 18 2026 7520 Put to Jun 22 2026 7500 Put @ 2.50 Credit.
SPX
#fuzzyleaps
Rolled SPX Jun 11 2026 7575 Put to Jul 17 2026 7575 Put @ 20.00.
Rolled SPX Jun 11 2026 7550 Put to Jul 17 2026 7550 Put @ 25.00.
Rolled SPX Jun 11 2026 7520 Put to Jun 18 2026 7520 Put @ 1.00.
SPX
Rolled SPX Jun 9 2026 7525 Put to Jun 11 2016 7520 Put @ 5.00 credit.
SPX
#fuzzyleaps
Rolled SPX Jun 8 7575 Put to Jun 11 7575 Put @ 1.50 credit.
Rolled SPX Jun 8 7550 Put to Jun 11 7550 Put @ 4.00 credit.
Rolled SPX Jun 8 7525 Put to Jun 9 7525 Put @ 5.10 credit.
SPX
#fuzzyleaps
Rolled SPX Jun 5 2026 7575 Put to Jun 8 2026 7575 Put @ 4.05 credit.
Rolled SPX Jun 5 2026 7550 Put to Jun 8 2026 7550 Put @ 8.25 credit.
Rolled SPX Jun 5 2026 7525 Put to Jun 8 2026 7525 Put @ 12.00 credit.
#fuzzyleaps Rolled SPX Jun 3…
#fuzzyleaps
Rolled SPX Jun 3 2026 7575 Put to Jun 4 2026 7575 Put @ 12.00 credit.
Rolled SPX Jun 3 2026 7550 Put to Jun 4 2026 7550 Put @ 10.00 credit.
Rolled SPX Jun 3 2026 7525 Put to Jun 4 2026 7525 Put @ 7.00 credit.
#fuzzyleaps Rolled SPX Jun 2…
#fuzzyleaps
Rolled SPX Jun 2 2026 7575 Put to Jun 3 2026 7575 Put @ 5.50 credit.
Rolled SPX Jun 2 2026 7550 Put to Jun 3 2026 7550 Put @ 3.25 credit.
Rolled SPX Jun 2 2026 7525 Put to Jun 3 2026 7525 Put @ 2.00 credit.
SPX
#fuzzyleaps
STO SPX Jun 2 2026 7575 Put @ 7.00 credit.
Rolled SPX Jun 1 2026 7550 Put to Jun 2 2026 7550 Put @ 3.25 credit.
Rolled SPX Jun 1 2026 7525 Put to Jun 2 2026 7525 Put @ 2.00 credit.
I was busy most of the day and didn’t get to look at the market until after 2:00 PM Central time, so these were late trades near the close.
SPX
#fuzzyleaps
Rolled SPX May 29 2026 7525 Put to Jun 1 2026 7550 Put @ 12.75 credit.
Rolled SPX May 29 2026 7500 Put to Jun 1 2026 7525 Put @ 7.75 credit.
Allowing expiration of SPX May 28 2026 7475 Put.
Leaving one LEAP uncovered over the weekend.
SPX
#fuzzyleaps
Rolled SPX May 28 2026 7475 Put to May 29 2026 7525 Put @ 7.00 credit.
Rolled SPX May 28 2026 7450 Put to May 29 2026 7500 Put @ 3.75 credit.
Rolled SPX May 28 2026 7425 Put to May 29 2026 7475 Put @ 2.25 credit.
SPX
#fuzzyleaps
Rolled SPX May 27 2026 7475 Put to May 28 2026 7475 Put @ 8.50 Credit.
Rolled SPX May 27 2026 7450 Put to May 28 2026 7450 Put @ 5.90 Credit.
Rolled SPX May 27 2026 7425 Put to May 28 2026 7425 Put @ 3.50 Credit.
SPX
#fuzzyleaps
STO SPX May 27 2026 7475 Put @ 12.00 Credit.
Rolled SPX May 26 2026 7425 Put to May 27 2026 7450 Put @ 6.00 Credit.
Rolled SPX May 26 2026 7400 Put to May 27 2026 7425 Put @ 4.00 Credit.
SPX
#fuzzyleaps
I’ll be out until Tuesday, so I rolled a little conservatively. Also left one LEAP uncovered.
Rolled SPX May 21 2026 7440 Put out and down to May 26 2026 7425 Put @ 10.00 Credit.
Rolled SPX May 21 2026 7425 Put out and down to May 26 2026 7400 Put @ 10.00 Credit.
Have a good Memorial Day weekend everybody!
Interesting article about gamma squeezes…
Since this forum is all about options trading, I thought you guys might enjoy this article. It talks about market makers, how they take the other side of most of our trades, and then have to hedge against movements in the underlying. It also helps explain some of the oversized moves that we’ve seen lately, where the market moves much farther than what seems to be justified by the news.
Here is the link:
https://www.advisorperspectives.com/articles/2026/05/18/gamma-momentum-recipe-moonshots-tears
Enjoy!
SPX
#fuzzyleaps
Since the /CL had a little dip in the pre-market, I went ahead with some of today’s trades:
Rolled SPX May 20 2026 7450 Put out and down to May 21 2026 7440 Put @ 2.20 Credit.
(Rolled down for small credit.)
Rolled SPX May 20 2026 7425 Put out to May 21 2026 7425 Put @ 14.00 Credit.
(Kept the strike to bring in some premium.)
After this rocket ship rally, I’m trying to get a little bit more conservative. I also have today’s 7400 strike to manage, but hoping to be able to exit it altogether instead of rolling. We’ll see how the day goes.
SPX
#fuzzyleaps
Rolled SPX May 19 2026 7450 Put to May 20 2026 7450 Put @ 1.75 Credit.
Rolled SPX May 19 2026 7425 Put to May 20 2026 7425 Put @ 5.00 Credit.
Rolled SPX May 19 2026 7400 Put to May 20 2026 7400 Put @ 10.00 Credit.
SPX
#fuzzyleaps
Rolled SPX May 18 2026 7450 Put to May 19 2026 7450 Put @ 1.00 Credit.
Rolled SPX May 18 2026 7425 Put to May 19 2026 7425 Put @ 4.25 Credit.
Rolled SPX May 18 2026 7400 Put to May 19 2026 7400 Put @ 10.55 Credit.
SPX
#fuzzyleaps
Rolled SPX May 15 2026 7415 Put to May 18 2026 7400 Put @ 10.00 Credit.
SPX
#fuzzyleaps
LEAP Roll:
Rolled SPX Dec 20 2030 7400 Put up to Dec 20 2030 7500 Put @ 27.50 Debit.
Daily Rolls:
Rolled SPX May 14 2026 7390 Put to May 15 2026 7415 Put @ 8.55 Credit.
Rolled SPX May 14 2026 7370 Put to May 15 2026 7450 Put @ 7.60 Credit.
One more left to do today.
SPX
#fuzzyleaps
Rolled SPX May 13 2026 7380 Put to May 14 2026 7390 Put @ 15.00 credit
Rolled SPX May 13 2026 7370 Put to May 14 2026 7370 Put @ 10.00 credit
Rolled SPX May 13 2026 7360 Put to May 14 2026 7350 Put @ 6.75 credit
SPX
#fuzzyleaps
Morning:
Rolled SPX May 12 2026 7360 Put to May 13 2026 7360 Put @ 10.00
Afternoon:
Rolled SPX May 12 2026 7375 Put to May 13 2026 7370 Put @ 9.75
Rolled SPX May 12 2026 7385 Put to May 13 2026 7380 Put @ 8.25
SPX
#fuzzyleaps
Rolled SPX May 11 2026 7325 Put to May 12 2026 7375 Put @ 7.50
Rolled SPX May 11 2026 7340 Put to May 12 2026 7385 Put @ 10.25
SPX
#fuzzyleaps
Rolled LEAPs up 100 points to 7400 @ 27.50 debit.
Then:
STO SPX May 12 2026 7360 Put @ 7.00.
SPX
#fuzzyleaps
Breakfast roll:
Rolled SPX May 8 2026 7325 Put to May 11 2026 7325 Put @ 8.00.
SPX
#fuzzyleaps
I split up today’s BUPS:
Rolled SPX May 7 2026 7350 Put to May 8 2026 7340 Put @ 10.00 Credit.
STC SPX May 7 2026 7340 (Long) Put for 6.00 Credit.
SPX
#fuzzyleaps
Rolled SPX May 7 2026 7300 Put to May 8 2026 7325 Put @ 6.75.
Rolled SPX May 7 2026 7275 Put to May 8 2026 7300 Put @ 5.00.
Not much butter on the rolls today.
Options Bistro 