#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
Author Archives: bikeeagle1
SPX
#fuzzyleaps
Rolled LEAPs up 100 points to 7400 @ 27.50 debit.
Then:
STO SPX May 12 2026 7360 Put @ 7.00.
SPX
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Breakfast roll:
Rolled SPX May 8 2026 7325 Put to May 11 2026 7325 Put @ 8.00.
SPX
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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
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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.
SPX
#fuzzyleaps
Morning trade:
Rolled SPX Dec 20 2030 7200 LEAPs up to 7300 strike @ 27.00 debit.
STO SPX May 7 2026 7275 Put @ 10.40.
SPX
#fuzzyleaps
Lunch roll:
Rolled SPX May 5 2026 7225 Put to May 6 2026 7250 Put @ 12.00.
I might skip the dinner roll today and leave one LEAP uncovered. I don’t want to get too fat. Rolls with every meal is a lot of carbs.
SPX
#fuzzyleaps
Morning roll:
Rolled SPX May 5 2026 7225 Put to May 6 2026 7225 Put @ 9.00.
SPX
#fuzzyleaps
Since my short puts are all ATM, I’m going to try to spread the rolls out during the day, and possibly to different strikes if possible.
Morning roll:
Rolled SPX May 4 2026 7225 Put to May 5 2026 7225 Put @ 10.25.
SPX
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LEAPs Roll:
Rolled SPX Dec 30 2030 7100 Puts to Dec 30 2030 7200 Puts @ 26.85 Debit.
Daily Roll:
Rolled SPX May 1 2026 7100 Puts to May 4 2026 7225 Puts @ 9.30.
Should have waited, but I rolled earlier expecting another straight up day.
SPX
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Rolled SPX Apr 30 2026 7075 Put to May 1 2026 7100 Put @ 9.30.
Rolled SPX Apr 30 2026 7050 Put to May 1 2026 7100 Put @ 10.00.
Rolled SPX Apr 30 2026 7025 Put to May 1 2026 7100 Put @ 10.10.
SPX
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Rolled SPX Apr 29 2026 7100 Put to Apr 30 2026 7075 Put @ 11.55.
Rolled SPX Apr 29 2026 7075 Put to Apr 30 2026 7050 Put @ 10.00.
STO SPX Apr 30 2026 7025 Put @ 10.20.
SPX
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I was out earlier. Did the rolls in the last hour.
Rolled SPX Apr 28 2026 7125 Put to Apr 29 2026 7100 Put @ 8.00.
Rolled SPX Apr 28 2026 7100 Put to Apr 29 2026 7075 Put @ 4.40.
SPX
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Morning trade:
Rolled SPX Apr 27 2026 7050 Put to Apr 28 2026 7100 Put @ 8.50.
SPX
#fuzzyleaps
Since we never know how the day will play out, as an experiment, I am trying staggering my rolls throughout the day. I rolled one just now, and I’ll roll the next one around noonish.
Morning roll:
Rolled SPX Apr 24 2026 7050 Put to Apr 27 2026 7050 Put @ 11.00.
SPX
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Might be busy tomorrow, so:
Rolled SPX Apr 22 2026 7075 Puts to Apr 24 2026 7050 Puts @ 12.00.
Order floated to close today’s 7025 Put for a buck.
The above would leave me with 2/3 LEAPs covered.
Edit: The buy order to close today’s 7025 Put for 1.00 filled.
SPX
#fuzzyleaps
As it turned out, I rolled too early. Oh, well. Tomorrow’s another day.
Rolled SPX Apr 21 2026 7075 Put to Apr 22 2026 7075 Put @ 10.00.
Rolled SPX Apr 21 2026 7025 Put to Apr 22 2026 7025 Put @ 6.00.
Rolled SPX Apr 21 2026 7050 Put to Apr 22 2026 7075 Put @ 9.65.
Total credit on the day = 25.65.
SPX
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Rolled SPX Apr 20 2026 7075 Put to Apr 21 2026 7075 Put @ 10.86.
Rolled SPX Apr 20 2026 7050 Put to Apr 21 2026 7050 Put @ 8.00.
STO SPX Apr 21 2026 7025 Put @ 5.50.
3/3 LEAPs covered now.
Switching to every day selling to maximize premium.
SPX
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Expired: SPX Apr 17 2026 7000 Put (sold for 10.00).
2/3 LEAPs covered now.
SPX
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Rolled SPX Apr 20 2026 6925 Put up to Apr 20 2026 7075 Put @ 10.00.
SPX
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Rolled SPX Dec 20 2030 7000 LEAP Put up to Dec 20 2030 7100 Put @ 28.00 Debit.
Then:
Rolled SPX Apr 17 2026 6975 Put to Apr 20 2026 7050 Put @ 11.00 Credit.
SPX
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BTC SPX Apr 16 2026 7000/6975 BUPS @ 2.50 (sold for 12.50).
Then:
STO SPX Apr 17 2026 7000 Put @ 10.00.
STO SPX Apr 17 2026 6975 Put @ 10.00.
STO SPX Apr 20 2026 6925 Put @ 16.00.
SPX
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BTC SPX Apr 15 2026 6950/6925 BUPS @ 2.50 (sold for 15.60).
STO SPX Apr 16 2026 7000/6975 BUPS @ 12.50.
SPX
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BTC SPX Apr 14 2026 6725 Put @ 0.15.
BTC SPX Apr 15 2026 6750 Put @ 1.25.
That left me with all 3 LEAPs uncovered.
Then, STO SPX Apr 15 2026 6950/6900 BUPS @ 20.00.
1/3 LEAPs covered now, and that is with a spread.
Net credit on the day is 18.60.
SPX
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Rolled SPX Apr 13 2026 6750 Put to Apr 15 2026 6750 Put @ 13.50.
6750 is right at the expected move for Apr 15th at the time I am writing this.
SPX
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Rolled SPX Apr 13 2026 6650 Put up to Apr 13 2026 6750 Put @ 10.00.
SPX
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Rolled SPX Apr 10 2026 6675 Put to Apr 14 2026 6725 Put @ 11.00.
SPX
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Rolled SPX Apr 9 2026 Put to Apr 13 2026 6650 Put @ 11.00.
SPX
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BTC SPX Apr 8 2026 6325 Put @ 0.10.
After today’s TACO trades, I have 2/3 LEAPs covered.
SPX
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STO SPX Apr 10 2026 6675 Put @ 15.00.
SPX
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STO SPX Apr 9 2026 6700 Put @ 10.00.
SPX
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In case tomorrow is not just another TACO Tuesday:
BTC SPX Apr 6 2026 6275 Put @ 0.20.
BTC SPX Apr 7 2026 6250 Put @ 0.85.
That leaves me with only 1/3 LEAPs covered.
SPX
#fuzzyleaps
Rolled SPX Apr 2 2026 6400 Put to Apr 8 2026 6325 Put @ 26.00.
SPX
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I was pretty busy yesterday, and I had an order out there for today’s roll that filled sometime during the day. Sorry I didn’t post it yesterday but I just now saw it. The only thing better than free money is surprise free money! Lol
Rolled SPX Apr 1 2026 6300 Put to Apr 7 2026 6250 Put @ 25.00.
SPX
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Rolled SPX Mar 31 2026 6400 Put to Apr 6 2026 6275 Put @ 11.50.
SPX
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Rolled SPX Mar 30 2026 6450 Put to Apr 2 2026 6400 Put @ 10.00.
SPX
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Rolled SPX Mar 27 2026 6425 Put to Apr 1 2026 6300 Put @ 12.50
SPX
#fuzzyleaps
Rolled:
Mar 26 2026 6500 Put
To:
Mar 31 2026 6400 Put
Credit:
25.05
SPX
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Rolled:
Mar 25 2026 6500 Put
To:
Mar 30 2026 6450 Put
Credit:
25.00
SPX
#fuzzyleaps
After the close, an order for tomorrow’s roll filled:
Rolled SPX Mar 24 2026 6475 Put to Mar 27 2026 6425 Put @ 20.00.
SPX
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Rolled today’s SPX Mar 23 2026 6600 Put to Mar 26 2026 6500 Put @ 12.00.
SPX
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Rolled today’s SPX Mar 20th 2026 6560 Put to Mar 25th 2026 6500 Put @ 5.70.
SPX
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Rolled today’s SPX 19 MAR 2026 6575 Put to 24 MAR 2026 6475 Put @ 21.50.
SPX
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STO tomorrow’s SPX Mar 19th 2026 6575 Put @ 11.00.
SPX
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STO SPX Mar 20th 2026 6560 Put @ 17.50.
My ladder was empty, so I’m back-filling it today with the Fed day volatility.
SPX
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STO SPX Mar 23rd 2026 6600 Put @ 34.50.
SPX vs Oil
With the /CL at a possible level of support, it will be interesting to see if today is a repeat of Friday on the SPX. A rally early, followed by a selloff all day. Makes me wonder if there are traders out there rebalancing back and forth between the /ES and the /CL.
SPX
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I am at 2/3 LEAPs covered, so I’m going to skip trading today. I have one short put expiring tomorrow, so I’ll manage that one then.
SPX
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STO SPX 16 MAR 2026 6550 Put @ 12.50.
If my usual timing holds, here comes the selloff…
SPX
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BTC today’s SPX Mar 10th 2026 6570/6500 BUPS @ 0.15 debit. Sold for 10.00.
SPX
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STO SPX Mar 13th 2026 6640 Put @ 24.00.
SPX
#fuzzyleaps #onlyspreads
I applied some of my credit received thus far to closing my short puts:
BTC today’s SPX Mar 9th 2026 6900 Put @ 222.50.
BTC tomorrow’s SPX Mar 10th 2026 6650 Put @ 40.20.
Remaining total credit received: 202.99.
Then, I decided to switch to spreads until this craziness calms down, so:
STO tomorrow’s SPX Mar 10th 2026 6570/6500 BUPS @ 10.00.
That leaves 2/3 LEAPs uncovered. I plan to sell another BUPS for tomorrow later today, and keep the other LEAP uncovered.
I picked the spread by selling the delta 20 put, and setting the spread width at 1% of the SPX (so around 70 with the SPX around 7000). I don’t plan to manage the spreads if they go ITM. I’ll just hold them through expiration and let the LEAPs cover the losses. If they go way OTM, I may close them for a small amount. I’ll see how I feel if/when that happens.
SPX
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Rolled today’s SPX Mar 6th 2026 6750 Put out and down to Mar 10th 6650 Put @ 20.00.
SPX
#fuzzyleaps
I would like to have held out for a rally later but ran out of time:
Rolled today’s SPX Mar 5th 2026 6900 Put to Mar 9th 2026 6900 Put @ 10.50.
SPX
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STO SPX Mar 6th 6750 Put @ 11.00.
SPX
#fuzzyleaps
Using today’s rally to de-risk:
BTC today’s SPX Mar 4th 2026 6775 Put @ 1.00 debit.
1/3 LEAPs covered now. Waiting for a selloff to sell another one.
SPX
Rolled today’s SPX Mar 3rd 2026 6900 Put to Mar 5th 6900 Put @ 10.00.
SPX
#fuzzyleaps
Locked in some profits on LEAPs:
Rolled SPX Dec 20th 2030 7600 Long Puts to Dec 20th 2030 7000 Long Puts @ 189.00 credit.
Remaining cost basis of 7000 LEAP Puts 678.47.
These are simple puts, without the BECS.
Now to work on today’s short Put…
SPX
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Rolled today’s SPX Mar 2nd 2026 6825 Put to Mar 4th 2026 6775 Put @ 12.50.
SPX
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Rolled today’s SPX Feb 27th 2026 6900 Put to Mar 3rd 2026 6900 Put @ 20.00.
SPX
#fuzzyleaps
I want to reduce the cost of rental houses, so I am preparing to reset my LEAPs down to 7000 from 7600, and add the BECS like the normal FuzzyLEAPs setup.
As a start:
STC 1 SPX Dec 20th 2030 7600 Put @ 984 credit (debit to open 896.60). Gain on the LEAP 87.40.
I still have 3 7600 LEAP Puts, 1 uncovered.
I’ll buy the first 7000 strike rental house on a calmer day.
SPX
#fuzzyleaps
Rolled today’s SPX Feb 26th 2026 6750 Put to Mar 2nd 2026 6825 Put @ 11.55
SPX
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STO SPX Feb 27th 6900 Put @ 14.20
SPX
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Open order to sell the SPX Feb 27th 2026 6800 Put @ 12.50.
A pullback to the 50-day MA @ 6896 should cause a fill.
SPX
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BTC today’s SPX Feb25th 2026 6800 Put @ .50.
Waiting for now on the next sale.
SPX
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With SPX opening up at possible resistance, I am planning to buy today’s put back early and sell the next one later in the day if we get a pullback. Also thinking there might be a selloff later into the close due to NVDA earnings uncertainty. Anybody else see it that way?
SPX
#FuzzyLEAPs
Rolled today’s SPX Feb 24th 6800 Put to Feb 26th 6750 Put @ 12.50.
SPX
#FuzzyLEAPs
Rolled today’s SPX Feb 23rd 2026 6725 Put to Feb 25th 6800 Put @ 11.00.
SPX
#FuzzyLEAPs
Rolled SPX Feb 20th 6800 Put to Feb 24th 6800 Put @ 11.30.
SPX
#FuzzyLEAPs
Waiting until the afternoon worked this time:
Rolled SPX Feb 19th 2026 6825 Put out and down 100 points to Feb 23rd 2026 6725 Put @ 11.00.
SPX
#FuzzyLEAPs
Core PCE is due out tomorrow (Feb 20th, 2026), along with manufacturing and services PMI. According to TOS, the expected move range is a little bit elevated. Just highlighting this for us #FuzzyLEAPs traders. I’m hoping to use it to roll down to a safer strike and still get my usual target premium. Depends on how today goes also, of course.
Perhaps the military buildup in the Middle East is also a factor?
SPX
#FuzzyLEAPs
Rolled SPX Feb 18th 6800 Put to Feb 20th 6800 Put @ 11.00.
SPX
#FuzzyLEAPs
Rolled SPX Feb 17th 2026 6850 Put to Feb 19th 2026 6825 Put @ 11.00
SPX
#FuzzyLEAPs first month review:
Today marks the end of my first month of trading #FuzzyLEAPs with real money. Here’s where the strategy stands as of now:
Total cost of 4 LEAP puts: $358,640
Current value of LEAPs (approx., based on Mid): $400,000
Total credit received: $28,964
% Return so far: 8.07%
Annualized (simple, not compounded): 96.9%
(Returns % based on credit received only, and not counting gains on the LEAPs, as I consider those gains temporary.)
As we all know, this has been an almost perfect month to be running a strategy like this, since the SPX has been bouncing around enough to create decent premiums, but it hasn’t made a big move one way or the other.
Also, I have been extremely conservative by only selling against some of the LEAPs most of the time, as well as targeting the lowest strikes possible to bring in the desired premium. So, the total credit received could have been quite a bit more than it was.
I just thought that a review of how the strategy has done might benefit anyone else interested in it. Future returns will, of course, vary widely. I will keep doing a monthly update internally, but will post it here if anyone is interested. I would also love to see what results others are seeing if anyone wants to post that as well.
SPX
#FuzzyLEAPs
Rolled today’s (Feb 13th 2026) SPX 6840 Put to Feb 18th 2026 6800 Put @ 12.00.
Options Bistro 