#fuzzyleaps
Premarket:
Rolled SPX Nov 3 2026 7570 Put to Nov 6 2026 7500 Put @ 7.00 credit.
The 7570 Put was ITM, but today’s roll got it back OTM (at least for now).
Ladder now:
Nov 4 7500 Put
Nov 5 7485 Put
Nov 6 7500 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7541
Futures at time of trade are down -0.19%.
#fuzzyleaps
Premarket:
Rolled SPX Nov 2 2026 7585 Put to Nov 5 2026 7485 Put @ 7.45 credit.
Ladder now:
Nov 3 7570 Put
Nov 4 7500 Put
Nov 5 7485 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7580
Futures at time of trade are up +0.33%.
#fuzzyleaps
Premarket:
Rolled SPX Oct 30 2026 7605 Put to Nov 4 2026 7500 Put @ 7.10 credit.
Ladder now:
Nov 2 7585 Put
Nov 3 7570 Put
Nov 4 7500 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7720
Futures at time of trade are down -1.02%.
#fuzzyleaps
Premarket:
Rolled SPX Oct 29 2026 7460 Put to Nov 3 2026 7570 Put @ 7.30 credit.
Ladder now:
Oct 30 7605 Put
Nov 2 7585 Put
Nov 3 7570 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7743
#fuzzyleaps
After the Fed press conference:
STO SPX Nov 2 2026 7585 Put @ 7.50 credit.
Ladder now:
Oct 29 7460 Put
Oct 30 7605 Put
Nov 2 7585 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX now:
7723
#fuzzyleaps
I decided to close tomorrow’s short put now and then sell the next ladder rung tomorrow during Warsh’s press conference:
BTC Oct 28 2026 7440 Put @ 0.25 Debit.
Ladder now:
Uncovered LEAP
Oct 29 7460 Put
Oct 30 7605 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (current):
7718
#fuzzyleaps
Premarket:
Rolled SPX Oct 27 2026 7690 Put to Oct 30 2026 7605 Put @ 7.65 credit.
With today’s roll, I managed to get that pesky ITM put down to a strike that is OTM (at least for now anyway).
Ladder now:
Oct 28 7440 Put
Oct 29 7460 Put
Oct 30 7605 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7676
#fuzzyleaps
Premarket:
Rolled SPX Oct 26 2026 7580 Put to Oct 29 2026 7460 Put @ 7.00 credit.
Ladder now:
Oct 27 7690 Put (ITM)
Oct 28 7440 Put
Oct 29 7460 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7623
#fuzzyleaps
Premarket:
Rolled SPX Oct 23 2026 7580 Put to Oct 28 2026 7440 Put @ 7.15 credit.
Ladder now:
Oct 26 7580 Put
Oct 27 7690 Put (ITM)
Oct 28 7440 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7663
#fuzzyleaps
Premarket:
Rolled SPX Oct 22 2026 7715 Put to Oct 27 2026 7690 Put @ 7.50 credit.
Ladder now:
Oct 23 7580 Put
Oct 26 7580 Put
Oct 27 7690 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7757
#fuzzyleaps
Premarket:
Rolled SPX Oct 21 2026 7650 Put to Oct 26 2026 7580 Put @ 7.00 credit.
Ladder now:
Oct 22 7715 Put (ITM)
Oct 23 7580 Put
Oct 26 7580 Put
LEAPs:
3 @ 7700, Dec 20 2030
SPX (yesterday’s close):
7712
#fuzzyleaps
Premarket:
Rolled SPX Oct 20 2026 7655 Put to Oct 23 2026 7580 Put @ 7.40 credit.
Ladder now:
Oct 21 7650 Put
Oct 22 7715 Put (ITM)
Oct 23 7580 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7690
#fuzzyleaps
I edited my “SPX Musings” post, but the upshot is that I am back to targeting around $700 per day premium on my 3 LEAPs.
Premarket:
Rolled SPX Oct 19 2026 7735 Put to Oct 22 2026 7715 Put @ 7.20 credit.
Ladder now:
Oct 20 7655 Put
Oct 21 7650 Put
Oct 22 7715 Put (ITM)
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7659
#fuzzyleaps
Premarket:
Rolled SPX Oct 16 2026 7715 Put to Oct 21 2026 7650 Put @ 5.50 credit.
Ladder now:
Oct 19 7735 Put
Oct 20 7655 Put
Oct 21 7650 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7744
Trying to stay OTM, so I used my conservative target (see post below):
#fuzzyleaps
Premarket:
Rolled SPX Oct 15 2026 7705 Put to Oct 20 2026 7655 Put @ 5.50 credit.
Ladder now:
Oct 16 7715 Put
Oct 19 7735 Put (ITM)
Oct 20 7655 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7718
I have been re-thinking my target premium again, in an effort to stay as conservative as possible, in case I decide to really scale up my allocation to #fuzzyleaps in the future. I just wanted to post my latest thinking, in order to let you guys chime in with criticisms, suggestions, etc.
I think that we can divide the premium we need to bring in, into 2 categories. One, we need to cover the cost of the LEAPs, and two, we would like to make some kind of profit on the cash allocated when all is said and done. With that in mind, let’s start with the LEAPs.
LEAPs Target:
At a bare minimum, it seems to me that we at least need to pay off our LEAPs by expiration (so 4 years in the future). Of course, the LEAPs won’t really be worth zero in 4 years, but assuming that they will be, establishes a conservative target threshold. Since I allocate enough money to cover several rollups over time, let’s call that $100,000 per LEAP that must be paid for over the 4-year period. Drilling that down to establish a minimum annual target leaves us with:
$100,000 / 4 = $25,000 premium needed per LEAP per year.
But, as I said, we also would like to make some kind of profit over the 4 years. The question is, what minimum number is reasonable? Here is my thinking on that.
Profit Target:
In order to participate in gains in SPX, one could simple buy and hold SPY. Long term, history says that doing that would result in an average (including dividends) of around 10% per year. Of course, the future can and will be different, but a 100-year track record is hard to argue with. So, if we want to try to beat that somehow using the SPX options market, what is a reasonable target to shoot for?
While I am tempted to try for some way higher number, such as 50%, what I am trying to establish here is a minimum, and therefore conservative, goal. For me, I think that doubling the buy-and-hold average is enough to make it worth the effort, but not so much that it’s too optimistic. So, let’s try using a 20% annual return target and see where that gets us.
$100,000 X 0.2 = $20,000 premium needed per LEAP per year.
So the total now is:
$25,000 + $20,000 = $45,000 needed per LEAP per year.
Divided by 250 trading days per year:
$45,000 / 250 = $180 needed per LEAP per day.
Multiplied by my current 3 LEAPs:
$180 X 3 = $540 total premium needed per day to achieve the stated goal.
So, if we are trying to establish a minimum threshold premium per day, this seems to me to be a reasonable target. Not so conservative as to make it not worth doing, but profitable enough to serve as a minimum goal. What do you guys think? Thanks in advance for any input!
Edit (on 10/19/2026):
After rethinking all of this over the weekend, I have decided to go back to targeting around 7.00 per day. Here’s why.
If I want to make 20% per year on my $100k per LEAP, that equals $20k. Divided by 250 trading days = .80 points per day per LEAP.
If I assume a 20% up year for the SPX, then my losses are 349 due to delta, and 41 due to theta (1-year), for a total of 390 points ($39,000) per LEAP. So, the total I need to bring in per day = 390/250 = 1.56 points per LEAP.
Adding the two = 2.36 points per day per LEAP, so 7.08 points per day for 3 LEAPs.
#fuzzyleaps
Premarket:
Rolled SPX Oct 14 2026 7680 Put to Oct 19 2026 7735 Put @ 10.10 credit.
Expected move at time of trade: 7733
Ladder now:
Oct 15 7705 Put
Oct 16 7715 Put
Oct 19 7735 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7805
WARNING: OCT 16 SPX HAS AM & PM OPTIONS
#fuzzyleaps
Premarket:
Rolled SPX Oct 13 2026 7625 Put to Oct 16 2026 (PM) 7715 Put @ 10.50 credit.
Ladder now:
Oct 14 7680 Put
Oct 15 7705 Put
Oct 16 7715 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7807
#fuzzyleaps
Premarket:
Rolled SPX Oct 12 2026 7660 Put to Oct 15 2026 7705 Put @ 7.00 credit.
Ladder now:
Oct 13 7625 Put
Oct 14 7680 Put
Oct 15 7705 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7811
#fuzzyleaps
Premarket:
Rolled SPX Oct 9 2026 7720 Put to Oct 14 2026 7680 Put @ 7.00 credit.
Ladder now:
Oct 12 7660 Put
Oct 13 7625 Put
Oct 14 7680 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7765
#fuzzyleaps
Premarket:
Rolled SPX Oct 8 2026 7600 Put to Oct 13 2026 7625 Put @ 7.10 credit.
Ladder now:
Oct 9 7720 Put
Oct 12 7660 Put
Oct 13 7625 Put
LEAPs:
3 @ 7700
SPX (yesterday’s close):
7801
#fuzzyleaps
Rolled SPX Oct 7 2026 7605 Put to Oct 12 2026 7660 Put @ 7.00 credit.
Ladder now:
Oct 8 7600 Put
Oct 9 7720 Put
Oct 12 7660 Put
LEAPs:
3 @ 7700
SPX now:
7818
#fuzzyleaps
Rolled SPX Oct 6 2026 7530 Put to Oct 9 2026 7720 Put @ 7.40 credit.
Ladder now:
Oct 7 7605 Put
Oct 8 7600 Put
Oct 9 7720 Put
LEAPs:
3 @ 7700
SPX now:
7773
#fuzzyleaps
Rolled SPX Oct 5 2026 7535 Put to Oct 8 2026 7600 Put @ 7.00 credit.
Ladder now:
Oct 6 7530 Put
Oct 7 7605 Put
Oct 8 7600 Put
LEAPs:
3 @ 7700
SPX now:
7722
#fuzzyleaps
Rolled SPX Oct 2 2026 7570 Put to Oct 7 2026 7605 Put @ 7.30 credit.
Ladder now:
Oct 5 7535 Put
Oct 6 7530 Put
Oct 7 7605 Put
LEAPs:
3 @ 7700
SPX now:
7736
#fuzzyleaps
Rolled SPX Oct 1 2026 7580 Put to Oct 6 2026 7530 Put @ 7.20 credit.
Ladder now:
Oct 2 7570 Put
Oct 5 7535 Put
Oct 6 7530 Put
LEAPs:
3 @ 7700
SPX now:
7651.54
#fuzzyleaps #quarterlyreview
Time for my quarterly review! Going forward, I plan to do these at the end of every quarter. These results are YTD, as of today. From now on, I will also track quarterly results.
Methodology:
Because we all know that the market makers always take their cut, I will assume that the cost to buy back any outstanding sold puts will be at the mid plus 1%, and the amount received to sell any LEAPs will be at the mid minus 1%. Also, I will take a snapshot of prices during the last trading day of the quarter to use as the basis of my calculations. With all of that in mind, here we are for Q3 2026:
Results:
(as of 10:00 AM on 9/30/2026)
Total Premium Received $172,699.00
Cost to close outstanding short puts $994.85
Current LEAPs Value $187,451.55
Current LEAPs Cost $260,571.00
Net Result $99,579.55
Net Result % (@ $300k dedicated) 33.19%
Annualized % (simple, non-compounded) 44.26%
#fuzzyleaps
Rolled SPX Sep 30 2026 7595 Put to Oct 5 2026 7535 Put @ 7.40 credit.
Ladder now:
Oct 1 7580 Put
Oct 2 7570 Put
Oct 5 7535 Put
LEAPs:
3 @ 7700
SPX now:
7670.84
#fuzzyleaps
Based on matt0311 ‘s question last Friday, I decided to increase my target daily premium to $700, so:
Rolled SPX Sep 29 2026 7630 Put to Oct 2 2026 7570 Put @ 7.00 credit.
Ladder now:
Sep 30 7595 Put
Oct 1 7580 Put
Oct 2 7570 Put
LEAPs:
3 @ 7700
SPX now:
7683.69
#fuzzyleaps
Rolled SPX Sep 28 2026 7655 Put to Oct 1 2026 7580 Put @ 6.45 credit.
Ladder now:
Sep 29 7630 Put
Sep 30 7595 Put
Oct 1 7580 Put
LEAPs:
3 @ 7700
SPX now:
7743.41
#fuzzyleaps
Rolled SPX Sep 25 2026 7640 Put to Sep 30 2026 7595 Put @ 6.10 credit.
Ladder now:
Sep 28 7655 Put
Sep 29 7630 Put
Sep 30 7595 Put
LEAPs:
3 @ 7700
SPX now:
7704.13
#fuzzyleaps
Rolled SPX Sep 24 2026 7675 Put to Sep 29 2026 7630 Put @ 6.05 credit.
Ladder now:
Sep 25 7640 Put
Sep 28 7655 Put
Sep 29 7630 Put
LEAPs:
3 @ 7700
SPX now:
7706.03
#fuzzyleaps
Rolled SPX Sep 23 2026 7470 Put to Sep 25 2026 7655 Put @ 6.15 credit.
Ladder now:
Sep 24 7675 Put
Sep 25 7640 Put
Sep 28 7655 Put
LEAPs:
3 @ 7700
SPX now:
7764.64
#fuzzyleaps
STO SPX Sep 24 2026 7675 Put @ 6.10 credit.
Rolled SPX Sep 22 2026 7425 Put to Sep 25 2026 7640 Put @ 6.20 credit.
Ladder now:
Sep 23 7470 Put
Sep 24 7675 Put
Sep 25 7640 Put
LEAPs:
3 @ 7700
SPX now:
7764.70
#fuzzyleaps
Expired: Sep 21 2026 7355 Put (sold for 6.30 credit).
Ladder now:
Sep 22 7435 Put
Sep 23 7470 Put
LEAPs:
3 @ 7700
SPX now:
7764.70
#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
#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 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
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
#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
#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
#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
#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
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
#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.
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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
#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.
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
#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
#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
#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
#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
#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
#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
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
#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
#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
#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
#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
