Had to be out this afternoon so had to roll earlier than I wanted to today.

SPX:

Rolled SPX Dec 19 2025 6830.0 Puts to Dec 22 2025 6825.0 Puts @ 5.50 credit (101.90 total now)
Rolled SPX Dec 19 2025 6830.0 Puts to Dec 22 2025 6825.0 Puts @ 5.40 credit (96.30 total now)
Rolled SPX Dec 19 2025 6845.0 Puts to Dec 22 2025 6840.0 Puts @ 3.00 credit (15.70 total now)
Rolled SPX Dec 19 2025 6855.0 Put to Dec 22 2025 6850.0 Put @ 1.50 credit (14.20 total now)

Leaving the lid on again:

Rolled SPX Dec 19 2025 6900.0 Put to Jan 16 2026 6900.0 Put @ 37.90 credit (171.35 total now)

=========================================

Bought to Close SPX Dec 19 2025 6850/6855 Bear Call Spreads @ .95 (sold for 1.77)

=========================================

SPY:

Had Dec 19 700/685 Bull Put Spreads @ 9.45

Sold to Close the 685s @ 6.55 and rolled the 700s to Feb monthly @ 2.70 credit

New net position:

SPY Feb 20 2026 700.0 Puts @ 18.70 credit

=========================================

XSP:

Bought to Close XSP Dec 19 2025 680.0 Puts @ .14 (sold for 3.05)

Sold XSP Dec 22 2025 680.0 Puts @ .89

Rolled longs out to Feb and started a Feb ladder at the 200 day and outside the expected move.

Rolled SPY Jan 16 2026 350.0 Puts to Feb 20 2026 350.0 Puts @ .14 debit

Sold SPY Feb 20 2026 620.0 Put @ 4.20

SPX:

Rolled SPX Dec 12 2025 6870.0 Puts to Dec 15 2025 6860.0 Puts @ even (8.00 total now)
Rolled SPX Dec 12 2025 6875.0 Put to Dec 15 2025 6870.0 Put @ 2.10 credit (11.10 total now)

XSP:

Rolled XSP Dec 12 2025 685.0 Puts to Dec 15 2025 684.0 Puts @ .40 credit (2.00 total now)

Waited for a decent pullback but never really got one.

Bought to Close SPX Dec 11 2025 6850.0 Put @ .15 (sold for 8.00)
Bought to Close SPX Dec 11 2025 6850.0 Puts @ .15 (sold for 9.60)

Sold SPX Dec 12 2025 6870.0 Puts @ 8.00
Sold SPX Dec 12 2025 6875.0 Put @ 9.00

XSP:

Rolled XSP Dec 11 2025 685.0 Puts to Dec 12 2025 685.0 Puts @ .75 credit (1.61 total now)

SPX:

Bought to Close SPX Dec 10 2025 6830.0 Put @ .05 (sold for 12.00)
Bought to Close SPX Dec 10 2025 6850.0 Puts @ .60 (sold for 43.75)

Sold SPX Dec 11 2025 6850.0 Put @ 8.00
Sold SPX Dec 11 2025 6850.0 Puts @ 9.60

XSP:

Bought to Close XSP Dec 10 2025 683.0 Puts @ .04 (sold for 1.33)

Sold XSP Dec 11 2025 685.0 Puts @ .86

Rolled SPX Dec 09 2025 6850.0 Puts to Dec 10 2025 6850.0 Puts @ 18.00 credit (43.75 total now)

Happy Fed Day Eve! Great premium tomorrow.

Bought to Close XSP Dec 09 2025 683.0 Puts @ .11 (sold for 2.95)

Sold Dec 10 2025 683.0 Puts @ 1.33

Standing orders filled while I was out.

SPX:

Rolled SPX Dec 08 2025 6850.0 Puts to Dec 09 2025 6850.0 Puts @ 10.00 credit (25.75 total now)

XSP:

Rolled XSP Dec 08 2025 683.0 Puts to Dec 09 2025 683.0 Puts @ .65 credit (2.95 total now)

SPX:

Rolled SPX Dec 05 2025 6825.0 Put to Dec 08 2025 6850.0 Put @ 9.05 credit (25.20 total now)

Added in both accounts:

SPX Dec 2029 6800/6800/7200 @ 432.25

And:

Sold SPX Dec 08 2025 6850.0 Puts @ 11.00

XSP:

Rolled XSP Dec 05 2025 682.0 Puts to Dec 08 2025 683.0 Puts @ .73 credit (2.30 total now)

SPX:

Bought to Close SPX Dec 03 6780.0 Put @ .15 (Sold for 18.15)
Sold SPX Dec 04 2025 6825.0 Put @ 7.40

XSP:

Bought to Close XSP Dec 03 678.0 Puts @ .02 (sold for 1.98)
Sold XSP Dec 04 2025 682.0 Puts @ .72

SPY:

Still trying to put a lid on this thing. Short SPX Puts @ 6830 and 6900 and short SPX 6850/6855 Call Spreads for Dec.

Adding:

Sold SPY Dec 19 2025 700/685 Bull Put Spreads @ 9.45

EDIT: Added Jan long SPY puts @ 350 strike to possibly sell against on any implosions.

Catching up.

Yesterday and today:

Rolled SPX Dec 01 2025 6775.0 to Dec 02 6780 to Dec 03 6780 @ 11.50 credit (18.15 total now)

Rolled XSP Dec 01 2025 677.0 to Dec 02 678.0 to Dec 03 678.0 @ 1.33 credit (1.98 total now)

Closed Oct 31st @ 6840
Currently @ 6840

LEAPS have not changed in value this month so every bit of premium is straight to the bottom line!

We did open higher on Nov 3rd so Nov is showing slightly down for the month but in reality unchanged from Oct close.

Bought to Close SPX Nov 28 2025 6750.0 Put @ .45 (sold for 89.40)
Sold SPX Dec 01 2025 6775.0 Put @ 6.65

Bought to Close XSP Nov 28 2025 675.0 Puts @ .10 (sold for 2.50)
Sold XSP Dec 01 2025 677.0 Puts @ .65

Rolling up to the bottom of the new expected move for Friday.

Rolled SPX Nov 28 2025 6715.0 Put to Nov 28 2025 6750.0 Put @ 3.50 credit (89.40 total now)

Taking about 75 percent 3 weeks early.

Bought to Close SPY Dec 19 2025 595.0 Put @ .76 (sold for 4.25)
Bought to Close SPY Dec 19 2025 600.0 Put @ .85 (sold for 4.75)
Bought to Close SPY Dec 19 2025 605.0 Put @ .98 (sold for 4.00)
Bought to Close SPY Dec 19 2025 610.0 Put @ 1.07 (sold for 4.00)
Bought to Close SPY Dec 19 2025 615.0 Put @ 1.25 (sold for 4.53)
Bought to Close SPY Dec 19 2025 620.0 Put @ 1.40 (sold for 4.58)
Bought to Close SPY Dec 19 2025 625.0 Put @ 1.60 (sold for 4.00)

Taking these on out to Friday.

Rolled XSP Nov 25 2025 664.0 Puts to Nov 28 665.0 Puts @ 1.50 credit (2.33 total now)

Bought to Close XSP Nov 24 2025 660.0 Puts @ .03 (sold for 3.10)

Sold XSP Nov 25 2025 664.0 Puts @ .83

My biggest SPX position is in Dec monthly at 6830 strike. Throwing this out there just above that as a little hedge. Come get it!

Sold SPX Dec 19 2025 6850/6855 Bear Call Spreads @ 1.70

And: Decent size SPY short put position in Dec monthly also. So very happy if this spread takes some heat.

Reloaded. No early assignment risk now. Went as far out in time as I could….wish they had further out available though. Decent fills without much trouble so the liquidity seems to be there.

Dec 2027 660/660/700 @ 33.25

Sold XSP Nov 24 2025 660.0 Puts @ 3.10 (selling 4 against 5 LEAPS)

Rolled SPX Nov 21 2025 6725.0 Put to Nov 28 2025 6715.0 Put @ 4.00 credit (79.50 total now)

Rolled SPX Nov 21 2025 6850.0 Puts to Dec 19 2025 6830.0 Puts @ .50 credit (90.80 total now)

I was assigned on Nov 28th 680 puts. Sold the stock pre market and closed the LEAPS when the market opened. This is my second assignment already with SPY in this account which is annoying. Had 10 of these so resetting to 1 SPX in that account or possibly using XSP.

Closed SPY Jan 2028 680/680/720
Sold assigned stock @ 655.75 (basis 673.55)

Gain on LEAPS: 14470
Loss on stock: 17837

Net loss: 3367 on a 10 lot

Thoughts:

Remember, the LEAPS aren’t full 100 deltas so they won’t make up for all losses on a big selloff since the daily put sales get to full delta quicker since they are closer to expiration. That’s a main reason for leaving a few of them uncovered…maybe sell 8 against 10.

Since I hadn’t been in this long enough to really accumulate a lot of premium and was assigned stock twice the trade was sitting at a loss. You make the big bucks being in these long term. When I reset I’ll roll this loss into the basis of the new position.

NOTE:

Issues with Fidelity this morning. I did find out that you can get free option trades for the next year if you switch over to their new platform called Fidelity Trader Plus. Seems like it’s going to be a lot better and stable.

https://www.zerohedge.com/markets/mega-caps-crypto-pumped-dumped-ahead-largest-nov-opex-history

Adding to Dec ladder. Filled while I was out.

Sold SPY Dec 19 2025 595.0 Put @ 4.25

Adding to Dec ladder.

Sold SPY Dec 19 2025 600.0 Put @ 4.75

Adding to Dec ladder.

Sold SPY Dec 19 2025 605.0 Put @ 4.00

Driving for the next couple days so rolling out and down to Friday. Didn’t think I was gonna find somewhere to pull over in time today!

Rolled SPX Nov 17 2025 6750.0 Put to Nov 21 2025 6725.0 Put @ 6.00 credit (81.50 total now)

Out to Monday:

Rolled SPX Nov 14 2025 6750.0 Put to Nov 17 2025 6750.0 Put @ 10.50 credit (75.50 total now)

Out to next Friday. Sticking with same strikes for now.

Rolled SPX Nov 14 2025 6850.0 Puts to Nov 21 2025 6850.0 Puts @ 10.00 credit (90.30 total now)

And leaving the milk and cookies out for Santa.

Rolled SPX Nov 14 2025 6900.0 Put to Dec 19 2025 6900.0 Put @ 33.00 credit (133.50 total now)

Done for the week. LSU football tomorrow!

Added at the open.

Sold SPY Dec 19 2025 610.0 Put @ 4.00
Sold SPY Dec 19 2025 615.0 Put @ 4.53
Sold SPY Dec 19 2025 620.0 Put @ 4.58

Starter. Outside the expected move and just above the 200 day.

Sold SPY Dec 19 2025 625.0 Put @ 4.00

The horizontal white lines are the Friday close and the upper and lower edges of the SPX weekly expected move. I reset these every weekend just to have a reference. Amazing how often they turn out to be pretty accurate. Yesterday rallied to the top now selling back into the middle. Still above where we closed last Friday.

Could probably do pretty good fading those levels. Sell call spreads when upper edge is hit and sell put spreads when lower edge is hit.

The blue lines are where my SPX short put strikes are and yellow and red are 20 day and 50 day moving averages. That’s about it on my charts.

A couple standing orders hit while I was out this morning.

Rolled SPX Nov 7 2025 6750.0 Put to Nov 14 2025 6750.0 Put @ 30.00 credit (65.00 total now)

Booked a gain on a hedge:

Sold to Close SPX Dec 21 2029 6000/5500 Bear Put Spread @ 113.00 (bought for 102.60)

Rolling out a week but maintaining same strikes for now.

Rolled SPX Nov 6 2025 6850.0 Puts to Nov 14 2025 6850.0 Puts @ 12.50 credit (82.90 total now)
Rolled SPX Nov 7 2025 6850.0 Puts to Nov 14 2025 6850.0 Puts @ 13.00 credit (72.05 total now)

Rolled SPY Nov 7 2025 682.0 Puts to Nov 14 2025 682.0 Puts @ 1.50 credit (6.00 total now)

Leaving the lid on. Come get it Mr. Market. Rolling on the bounce.

Rolled SPX Nov 7 2025 6900.0 Put to Nov 14 2025 6900.0 Put @ 15.00 credit (100.50 total now)

Straight roll (again). 🙂 🙂 🙂 Of course get a bigger bounce after getting filled.

Rolled SPX Nov 5 2025 6850.0 Puts to Nov 6 2025 6850.0 Puts @ 1.00 credit (70.40 total now)

Rolled SPY as well for .35 credit…..

Straight roll (again). 🙂 🙂 🙂

Rolled SPX Nov 4 2025 6850.0 Puts to Nov 5 2025 6850.0 Puts @ 6.50 credit (69.40 total now)

Straight roll (again).

Rolled SPY Nov 4 2025 682.0 Puts to Nov 5 2025 682.0 Puts @ .80 credit (4.20 total now)

Adding one. Maybe a little bounce when the Gubment shutdown ends this week.

Sold SPX Nov 7 2025 6750.0 Put @ 35.00

First roll of a new SPY position in a different account.

New position is Jan 2028 680/680/720

Rolled SPY Nov 3 2025 682.0 Puts to Nov 4 2025 682.0 Puts @ 1.09 credit (3.40 total now)

Another straight roll. Rolling all but one. Waiting to see how the day goes. Either roll it later or leave it uncovered for awhile for downside help.

Rolled SPX Nov 3 2025 6850.0 Puts to Nov 4 2025 6850.0 Puts @ 10.50 credit (62.65 total now)

Expired:

SPX Oct 31 2025 6800.0 Put (Sold for 12.50)

Been running this in my own account as a test before moving over to my daughter’s account. Wanted to make sure SPY worked similar to SPX. Here’s the results for 8 weeks total on a 5 lot.

Set position on Sep 4th and rolled them up on Oct 21 (Dec 2027 660/660/700)
Closed position this afternoon.

Loss on LEAPS of 4425
Total premium received: 12465

Net gain: 8040
Net gain per position: 1608

Works fine but I feel like SPX works a little better. Maybe because SPX LEAPS are a lot further out in time…not really sure. Still overall I’ll use it until the account grows enough to switch over to SPX. SPX has no early assignment risk and better tax treatment also.

New position now in different account is Jan 2028 680/680/720

Straight roll:

Rolled SPX Oct 31 2025 6850.0 Puts to Nov 3 2025 6850.0 Puts @ 10.00 credit (51.90 total now)

And out and down to next Friday for nice credit:

Rolled SPX Oct 31 2025 6875.0 Puts to Nov 7 2025 6850.0 Puts @ 12.00 credit (58.90 total now)

Straight roll.

Rolled SPY Oct 31 2025 682.0 Puts to Nov 3 2025 682.0 Puts @ 1.25 credit (4.80 total now)

Leaving the lid on. Rolled on the opening bounce. Sitting on everything else for now.

Rolled SPX Oct 31 2025 6900.0 Put to Nov 7 2025 6900.0 Put @ 25.00 credit (85.50 total now)

Straight rolls everywhere today.

Rolled SPX Oct 30 2025 6850.0 Puts to Oct 31 2025 6850.0 Puts @ 15.00 credit (41.90 total now)
Rolled SPX Oct 30 2025 6875.0 Puts to Oct 31 2025 6875.0 Puts @ 12.50 credit (46.90 total now)

Straight roll.

Rolled SPY Oct 30 2025 682.0 Puts to Oct 31 2025 682.0 Puts @ 1.05 credit (3.55 total now)

Adding one for an earnings play.

Sold SPX Oct 31 2025 6800.0 Put @ 12.50

Rolling. Great premium rest of the week.

Rolled SPX Oct 29 2025 6850.0 Puts to Oct 30 2025 6850.0 Puts @ 12.50 credit (27.00 total now)
Rolled SPX Oct 29 2025 6850.0 Puts to Oct 30 2025 6875.0 Puts @ 20.00 credit (34.45 total now)

And:

Rolled SPY Oct 29 2025 682.0 Puts to Oct 30 2025 682.0 Puts @ .95 credit (2.47 total now)

Throwing this out there under my LEAPS for some extra downside help just in case. Long put at the 200 day.

Bought to Open SPX Dec 21 2029 6000/5500 Bear Put Spread @ 102.60

Rolling. Great premium rest of the week.

Rolled SPX Oct 28 2025 6825.0 Puts to Oct 29 2025 6850.0 Puts @ 9.00 credit (13.65 total now)
Rolled SPX Oct 28 2025 6850.0 Puts to Oct 29 2025 6850.0 Puts @ 7.50 credit (16.90 total now)

And:

Rolled SPY Oct 28 2025 680.0 Puts to Oct 29 2025 682.0 Puts @ 1.06 credit (1.54 total now)

Crazy market. All news is good news!

Bought to Close SPX Oct 27 2025 6725.0 Puts @ .10 (sold for 5.20)
Bought to Close SPX Oct 27 2025 6750.0 Puts @ .15 (sold for 7.30)

Sold SPX Oct 28 2025 6825.0 Puts @ 4.60
Sold SPX Oct 28 2025 6850.0 Puts @ 9.40

Sold SPX Oct 31 2025 6900.0 Put @ 60.50

Some new carpet in the rental houses:

Rolled Jan 2029 6600 long puts up to Jan 2029 6800 long puts
Rolled Jan 2029 6600/7000 BeCS to Jan 2029 6800/7200 BeCS

Net debit for the whole thing: 60.75 per house

SPY experiment continues. Same setup as SPX.

Expiring:

SPY Oct 24 2025 670.0 Puts (sold for 5.20)

And:

Sold SPY Oct 27 2025 673.0 Puts @ .80

Been rolling these for awhile. I’ll go ahead and book ’em and reset.

Bought to Close SPX Oct 24 2025 6675.0 Puts @ .20 (sold for 31.90)
Bought to Close SPX Oct 24 2025 6700.0 Puts @ .30 (sold for 37.15)
Bought to Close SPX Oct 24 2025 6725.0 Put @ .35 (sold for 123.55)

Sold SPX Oct 27 2025 6725.0 Puts @ 5.20
Sold SPX Oct 27 2025 6750.0 Puts @ 7.30

I’ll take it for a little one day scalp. Big day tomorrow if 6700 and 6725 hold….

Bought to Close SPX Oct 24 2025 6530.0 Put @ .60 (sold for 7.50)

Back to unchanged on the week. Selling the bottom of the expected move.

Sold SPX Oct 24 2025 6530.0 Put @ 7.50

Rolling half.

Rolled SPX Oct 24 2025 6675.0 Puts to Oct 24 2025 6700.0 Puts @ 5.25 credit (37.15 total now)

Maintenance on the rentals and raising rent. 🙂 🙂

Rolled SPY Dec 2027 650/650/690 to Dec 2027 660/660/700 @ 4.05 debit

Rolled SPY Oct 24 2025 665.0 Puts to Oct 24 2025 670.0 Puts @ 1.05 credit (5.20 total now)

Taking over half a month early.

Bought to Close SPY Nov 21 2025 605.0 Put @ 2.17 (sold for 4.95)

Bought to Close SPX Nov 21 2025 6100.0 Put @ 24.50 (sold for 51.00)

Using the morning “bounce” to roll to next Friday.

Rolled SPY Oct 20 2025 668.0 Puts to Oct 24 2025 665.0 Puts @ .75 credit (4.15 total now)

Using the morning “bounce” to roll everything to next Friday. A few weeks or longer of rolling down isn’t a bad thing. LEAPS aren’t losing and still bringing in credit and resetting short puts lower. This strategy can handle a little backwardation but the rolls get tougher if backwardation steepens to levels it was at back in April.

And…..2029 is a long way off! LOL

Rolled SPX Oct 17 2025 6715.0 Puts to Oct 24 2025 6675.0 Puts @ 3.00 credit (27.70 total now)

Rolled SPX Oct 20 2025 6700.0 Puts to Oct 24 2025 6675.0 Puts @ 10.00 credit (36.20 total now)

Going out to Nov and selling the 200 day.

Sold SPX Nov 21 2025 6100.0 Put @ 51.00

Starter at the 200 day (again):

Sold SPY Nov 21 2025 605.0 Put @ 4.95

Rolled SPY Oct 17 2025 669.0 Puts to Oct 20 2025 668.0 Puts @ .40 credit (3.40 total now)

A few adjustments.

Rolling half:

Rolled SPX Oct 17 2025 6715.0 Puts to Oct 20 2025 6700.0 Puts @ 1.50 credit (26.20 total now)

And:

Rolled SPX Oct 17 2025 6750.0 Put to Oct 24 2025 6725.0 Put @ 11.00 credit (123.45 total now)

Taking these on the bounce.

Bought to Close SPX Oct 17 2025 6350.0 Put @ 1.50 (sold for 11.00)

Bought to Close SPY Nov 21 2025 605.0 Put @ 2.53 (sold for 4.27)

Sold SPX Oct 17 2025 6350.0 Put @ 11.00

Sold SPY Nov 21 2025 605.0 Put @ 4.27

I’ll take it. Baby TACO.

Bought to Close SPY Nov 21 2025 600.0 Put @ 2.39 (sold yesterday for 4.35)

Yummy!

Bought to Close SPX Oct 13 2025 6600.0 Put @ .60 (sold for 34.10)

Out and down to Friday.

Rolled SPX Oct 13 2025 6725.0 Puts to Oct 17 2025 6715.0 Puts @ 2.00 credit (23.50 total now)
Rolled SPX Oct 13 2025 6730.0 Puts to Oct 17 2025 6715.0 Puts @ 1.00 credit (25.20 total now)