#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.
Author Archives: bikeeagle1
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.
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
Expired: SPX Apr 17 2026 7000 Put (sold for 10.00).
2/3 LEAPs covered now.
SPX
#fuzzyleaps
Rolled SPX Apr 20 2026 6925 Put up to Apr 20 2026 7075 Put @ 10.00.
SPX
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
Rolled SPX Apr 13 2026 6650 Put up to Apr 13 2026 6750 Put @ 10.00.
SPX
#fuzzyleaps
Rolled SPX Apr 10 2026 6675 Put to Apr 14 2026 6725 Put @ 11.00.
SPX
#fuzzyleaps
Rolled SPX Apr 9 2026 Put to Apr 13 2026 6650 Put @ 11.00.
SPX
#fuzzyleaps
BTC SPX Apr 8 2026 6325 Put @ 0.10.
After today’s TACO trades, I have 2/3 LEAPs covered.
SPX
#fuzzyleaps
STO SPX Apr 10 2026 6675 Put @ 15.00.
SPX
#fuzzyleaps
STO SPX Apr 9 2026 6700 Put @ 10.00.
SPX
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
Rolled SPX Mar 31 2026 6400 Put to Apr 6 2026 6275 Put @ 11.50.
SPX
#fuzzyleaps
Rolled SPX Mar 30 2026 6450 Put to Apr 2 2026 6400 Put @ 10.00.
SPX
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
Rolled today’s SPX Mar 23 2026 6600 Put to Mar 26 2026 6500 Put @ 12.00.
SPX
#fuzzyleaps
Rolled today’s SPX Mar 20th 2026 6560 Put to Mar 25th 2026 6500 Put @ 5.70.
SPX
#fuzzyleaps
Rolled today’s SPX 19 MAR 2026 6575 Put to 24 MAR 2026 6475 Put @ 21.50.
SPX
#fuzzyleaps
STO tomorrow’s SPX Mar 19th 2026 6575 Put @ 11.00.
SPX
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
STO SPX 16 MAR 2026 6550 Put @ 12.50.
If my usual timing holds, here comes the selloff…
SPX
#fuzzyleaps
BTC today’s SPX Mar 10th 2026 6570/6500 BUPS @ 0.15 debit. Sold for 10.00.
SPX
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
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
#fuzzyleaps
Rolled today’s SPX Mar 2nd 2026 6825 Put to Mar 4th 2026 6775 Put @ 12.50.
SPX
#fuzzyleaps
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
Options Bistro 