SPX

Splitting up my daily sales to different strikes:

Rolled SPX Jan 30 2026 6925.0 Puts to Feb 02 2026 6900.0 Puts @ 10.00 credit (72.30 total now)
Rolled SPX Jan 30 2026 6925.0 Puts to Feb 02 2026 6925.0 Puts @ 20.00 credit (82.30 total now)

Part of the ladder:

Bought to Close SPX Jan 30 2026 6900.0 Put @ 1.00 (sold for 28.80)

Sold SPX Feb 09 2026 6850.0 Put @ 32.50

Rolling LEAPs out a year further:

Rolled Dec 2029 7000 long puts out to Dec 2030 7000 long puts
Rolled Dec 2029 7000/7400 BeCS to Dec 2030 7000/7400 BeCS

Net debit for the whole thing: 48.25 per position

SPY

Moving out to March. Selling just outside the expected move at the 200 day.

Sold SPY Mar 20 2026 630.0 Put @ 4.25
Sold SPY Mar 20 2026 640.0 Put @ 5.25

Rolled SPY Feb 20 2026 350.0 Puts to Mar 20 2026 350.0 Puts @ .10 debit (long puts)

SPX

Straight roll to tomorrow. Same exact numbers just dates changed. 🙂 🙂 🙂 SPX unchanged for the week:

Rolled SPX Jan 29 2026 6925.0 Puts to Jan 30 2026 6925.0 Puts @ 11.00 credit (62.30 total now)

Rolling up a couple of the ladder positions on the dip:

Rolled SPX Feb 04 2026 6825.0 Put to Feb 04 2026 6850.0 Put @ 4.00 credit (30.70 total now)
Rolled SPX Feb 05 2026 6825.0 Put to Feb 05 2026 6850.0 Put @ 4.75 credit (34.80 total now)

And adding:

Sold SPX Feb 06 2026 6850.0 Put @ 29.60

SPX

What a beautiful headline!! 🙂 🙂 🙂

spx boring

SPX

Straight roll to tomorrow.

Rolled SPX Jan 28 2026 6925.0 Puts to Jan 29 2026 6925.0 Puts @ 11.00 credit (51.45 total now)

Rolling up the ladder positions on the little dip.

Rolled SPX Jan 30 2026 6825.0 Put to Jan 30 2026 6900.0 Put @ 8.50 credit (28.80 total now)
Rolled SPX Feb 02 2026 6810.0 Put to Feb 02 2026 6875.0 Put @ 7.00 credit (28.50 total now)
Rolled SPX Feb 03 2026 6800.0 Put to Feb 03 2026 6850.0 Put @ 5.50 credit (28.50 total now)
Rolled SPX Feb 04 2026 6775.0 Put to Feb 04 2026 6825.0 Put @ 4.50 credit (26.70 total now)
Rolled SPX Feb 05 2026 6770.0 Put to Feb 05 2026 6825.0 Put @ 5.75 credit (30.05 total now)

SPX

Adding one pre Fed.

Sold SPX Jan 29 2026 6925.0 Put @ 12.50

SPX

Out all day so an early roll. Moving everything this week to the same strike.

Rolled SPX Jan 27 2026 6920.0 Put to Jan 28 2026 6925.0 Put @ 7.50 credit (44.10 total now)
Rolled SPX Jan 27 2026 6925.0 Puts to Jan 28 2026 6925.0 Puts @ 7.00 credit (42.00 total now)
Rolled SPX Jan 27 2026 6925.0 Puts to Jan 28 2026 6925.0 Puts @ 7.00 credit (28.00 total now)

SPX

One more fill on a standing order I left in.

Rolled SPX Jan 26 2026 6900.0 Put to Jan 27 2026 6925.0 Put @ 10.00 credit (21.00 total now)

SPX

Out all day so an early roll. Still sitting on a 6900 in case of an afternoon pullback to roll it.

Rolled SPX Jan 26 2026 6920.0 Puts to Jan 27 2026 6920.0 Puts @ 7.00 credit (36.60 total now)
Rolled SPX Jan 26 2026 6925.0 Put to Jan 27 2026 6925.0 Put @ 7.00 credit (35.00 total now)

SPX

Whew! Crazy week. SPX almost unchanged.

12 total positions. Selling 5 every day and adding 5 with the ladder method and leaving 2 uncovered. I had been selling 8 and leaving 4 uncovered. Just experimenting to see how things react during the next selloff.

Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 30.00)
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 31.00)
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 42.20)
Bought to Close SPX Jan 23 2026 6850.0 Put @ .15 (sold for 52.50)
Bought to Close SPX Jan 23 2026 6875.0 Put @ .20 (sold for 63.00)

Sold SPX Jan 26 2026 6900.0 Put @ 11.00

Rolled SPX Jan 23 2026 6920.0 Puts to Jan 26 2026 6920.0 Puts @ 11.00 credit (29.60 total now)
Rolled SPX Jan 23 2026 6925.0 Put to Jan 26 2026 6925.0 Put @ 10.00 credit (28.00 total now)

Sold SPX Jan 30 2026 6825.0 Put @ 20.30
Sold SPX Feb 02 2026 6810.0 Put @ 21.50
Sold SPX Feb 03 2026 6800.0 Put @ 23.00
Sold SPX Feb 04 2026 6775.0 Put @ 22.20
Sold SPX Feb 05 2026 6770.0 Put @ 24.30

SPX SPY

Out most of the day so some early rolls.

Rolled SPX Jan 22 2026 6800.0 Put to Jan 23 2026 6825.0 Put @ 4.00 credit (31.00 total now)
Rolled SPX Jan 22 2026 6825.0 Put to Jan 23 2026 6825.0 Put @ 3.20 credit (42.20 total now)
Rolled SPX Jan 22 2026 6850.0 Put to Jan 23 2026 6850.0 Put @ 5.50 credit (52.50 total now)
Rolled SPX Jan 22 2026 6875.0 Put to Jan 23 2026 6875.0 Put @ 7.00 credit (63.00 total now)

Rolled SPX Jan 23 2026 6775.0 Put to Jan 23 2026 6825.0 Put @ 3.00 credit (30.00 total now)

Rolled SPX Jan 23 2026 6950.0 Puts to Jan 30 2026 6925.0 Puts @ 11.00 credit (66.15 total now)

Taking over half a month early:

Bought to Close SPX Feb 20 2026 6350.0 Put @ 14.60 (sold for 33.00)

SPY:

Taking about half a month early.

Bought to Close SPY Feb 20 2026 650.0 Put @ 2.48 (sold for 4.70)

SPX

6940 will be a fun number to watch. That would get us back to unchanged from last Friday’s close meaning all premium this week is free money!! White lines are Friday close and upper and lower expected moves for the week.

em spx

SPX

With Trump talking rolling everything on the opening bounce.

Rolled SPX Jan 21 2026 6825.0 Put to Jan 22 2026 6825.0 Put @ 11.00 credit (39.00 total now)
Rolled SPX Jan 21 2026 6850.0 Put to Jan 22 2026 6850.0 Put @ 9.00 credit (47.00 total now)
Rolled SPX Jan 21 2026 6875.0 Put to Jan 22 2026 6875.0 Put @ 6.00 credit (56.00 total now)

Rolled SPX Jan 21 2026 6920.0 Puts to Jan 23 2026 6920.0 Puts @ 2.00 credit. (18.60 total now)
Rolled SPX Jan 21 2026 6925.0 Put to Jan 23 2026 6925.0 Put @ 2.00 credit. (18.00 total now)

VIX

Expires tomorrow. Take what I can get today.

Sold to Close VIX Jan 21 2026 20/35 Bull Call Spreads @ .40 (sold for 1.29)

SPY

Starter just above the 200 day.

Sold SPY Feb 20 2026 650.0 Put @ 4.70

SPX

Out the rest of the day so rolling on this first little bounce.

Rolled SPX Jan 20 2026 6920.0 Puts to Jan 21 2026 6920.0 Puts @ 4.50 credit. (16.60 total now)
Rolled SPX Jan 20 2026 6925.0 Put to Jan 21 2026 6925.0 Put @ 4.00 credit. (16.00 total now)

Rolled SPX Jan 20 2026 6950.0 Puts to Jan 23 2026 6950.0 Puts @ 5.00 credit. (55.15 total now)

SPX

One of my all time lucky breaks. Fat finger last Thursday to a Friday AM roll. AMs expire by 10 points and buying power locked until today.

Pre-market:

Sold SPX Jan 21 2026 6875.0 Put @ 50.00
Sold SPX Jan 21 2026 6850.0 Put @ 38.00
Sold SPX Jan 21 2026 6825.0 Put @ 28.00

Sold SPX Jan 22 2026 6800.0 Put @ 27.00

Sold SPX Jan 23 2026 6775.0 Put @ 27.00

And at the 200 day:

Sold SPX Feb 20 2026 6350.0 Put @ 33.00

SPX

Rolling these aggressively since I never got my AM expiration buying power power back. Lesson learned (especially on a 3 day weekend) Uugh.

Rolled SPX Jan 16 2026 6950.0 Puts to Jan 20 2026 6950.0 Puts @ 14.00 credit. (50.00 total now)

Sold 7 against 15 LEAPS (would’ve sold 12 if I could). Why are there even AM expirations at all? I can’t think of a good use for them.

Expired max profit: SPX Jan 16 2026 6950.0 Puts (sold for 33.00)

SPX

One add.

Sold SPX Jan 20 2026 6925.0 Put @ 12.00

SPX

At the open:

Bought to Close SPX Jan 16 2026 6850.0 Put @ .35 (sold for 12.00)
Bought to Close SPX Jan 16 2026 6875.0 Put @ .70 (sold for 12.00)

Sold SPX Jan 20 2026 6920.0 Puts @ 12.10

Waiting for AM settlement now due to my fat finger yesterday. First time I’ve ever had an AM expiration so once SET gets published I’m hoping I can sell those again. SPX closed at 6944 yesterday but was up about 15 at the open so hoping all my 6950s go worthless shortly.

Takes 30-60 minutes after the open:

AM-settled SPX options (standard monthly expirations) are cash-settled on the third Friday morning, based on the “Special Opening Quotation” (SOQ) of the S&P 500, calculated from the opening prices of all constituent stocks, with the final value published under the ticker SET after all stocks have opened, resulting in cash profits or losses credited/debited to accounts the next day, not share delivery.

SPX

Finally got a little dip.

Fat fingered to AM expiration:

Rolled SPX Jan 15 2026 6940.0 Puts to Jan 16 2026 6950.0 Puts @ 6.00 credit. (33.00 total now)

Regular expiration:

Rolled SPX Jan 15 2026 6940.0 Puts to Jan 16 2026 6950.0 Puts @ 9.00 credit. (36.00 total now)

New carpet in the rental houses:

Rolled Dec 2029 6900 long puts up to Dec 2029 7000 long puts
Rolled Dec 2029 6900/7300 BeCS to Dec 2029 7000/7400 BeCS

Net debit for the whole thing: 32.60 per house

SPX

Added one more out to Friday. Filled just before the big bounce.

Sold SPX Jan 16 2026 6850.0 Put @ 12.00

SPX

Trying to bounce a little here. Take what I can get. Credit roll on a down day = free money!

Rolled SPX Jan 14 2026 6940.0 Puts to Jan 15 2026 6940.0 Puts @ 6.50 credit. (27.00 total now)

Where did the bounce start? 20 day moving average and the bottom of the weekly expected move.

bounce

SPX

Added one out to Friday.

Sold SPX Jan 16 2026 6875.0 Put @ 12.00

SPX

Straight roll on the opening dip. Same credit as yesterday.

Rolled SPX Jan 13 2026 6940.0 Puts to Jan 14 2026 6940.0 Puts @ 8.00 credit. (20.50 total now)

SPX

Out the rest of the day so an early roll. Good premium with some big banks reporting before the open. Might add one more put sale if there’s a decent afternoon drop.

Rolled SPX Jan 12 2026 6940.0 Puts to Jan 13 2026 6940.0 Puts @ 8.00 credit. (12.50 total now)

SPX

Bought to Close SPX Jan 9 2026 6925.0 Puts @ .15 (sold for 22.50)

Sold SPX Jan 12 2026 6940.0 Puts @ 4.50 (leaving one more uncovered)

SPX

Great premium tomorrow with the early morning data dump and possible tariff decision.

Rolled SPX Jan 8 2026 6925.0 Puts to Jan 9 2026 6925.0 Puts @ 12.00 credit (22.50 total now)

SPX

Rolled SPX Jan 7 2026 6925.0 Puts to Jan 8 2026 6925.0 Puts @ 4.60 credit (10.50 total now)

SPY

I’ll look to reload on any decent dips.

Bought to Close SPY Feb 20 2026 700.0 Puts @ 16.60 (sold for 18.70)

SPX

With 9 more trading days left on this one I think I can do better selling daily aggressively and being much less directional. Been rolling this one up and staying ITM since the gubment shutdown started. Booking it and reselling tomorrow.

Bought to Close SPX Jan 16 2026 7000.0 Put @ 96.70 (sold for 213.35)

Sold Jan 6 2026 6925.0 Put @ 18.70

SPX

Straight roll.

Rolled SPX Jan 5 2026 6900.0 Puts to Jan 6 2026 6900.0 Puts @ 6.90 credit (53.10 total now)

Some light maintenance on the rental houses.

Rolled Dec 2029 6800 long puts up to Dec 2029 6900 long puts
Rolled Dec 2029 6800/7200 BeCS to Dec 2029 6900/7300 BeCS

Net debit for the whole thing: 32.20 per house

SPX decisions (it’s good!)

#FuzzyLEAPs

With SPX basically unchanged from late October, I’ve had continuous premium coming in with little to no change in the LEAPS values. Love it!! With two more rolls next week all cash outlay for all positions will be recovered. And with the long LEAP puts sitting at 6800 things are setting up nicely.

But how can we make things even better and safer? After a long “Red Team” call with my brother @bikeeagle we came up with some ideas on what to do with excess cash that will hopefully be coming in (but you never know! 🙂 🙂 )

Some ideas:

1. Keep doing everything as is and just add to the LEAPS.

2. Roll up the LEAPS further and even into the money a little on the put side for margin reduction and more downside protection.

3. Buy back the bear call spread LEAPS. That would be nice margin reduction getting rid of those.

4. When adding going forward only buy the LEAP put. A little more expensive but no margin hit on the call side.

5. Go ahead and roll the current LEAPS positions out to 2030 now.

What I’m leaning towards as premium received allows:

2 and 3 together then 5 then 4.

It’ll take awhile but would make the setup absolutely perfect….

SPX

Straight roll.

Rolled SPX Jan 2 2026 6900.0 Puts to Jan 5 2026 6900.0 Puts @ 6.00 credit (46.20 total now)

SPX

Straight roll. 2026!!

Rolled SPX Dec 31 2025 6900.0 Puts to Jan 2 2026 6900.0 Puts @ 6.25 credit (40.20 total now)

EDIT: Doing similar rolls in XSP position.

SPX

Straight roll.

Rolled SPX Dec 30 2025 6900.0 Puts to Dec 31 2025 6900.0 Puts @ 9.00 credit (33.95 total now)

SPX

Straight roll.

Rolled SPX Dec 29 2025 6900.0 Puts to Dec 30 2025 6900.0 Puts @ 9.25 credit (24.95 total now)

SPX

Another short week low volatility week next week too.

Rolled SPX Dec 26 2025 6850.0 Puts to Dec 29 2025 6900.0 Puts @ 5.50 credit (15.70 total now)

SPX Summary

Seemed like a good time to sit down and see where everything stands with the market at all time highs. This is my main account. I’ve got 3 more positions in a different account that I’ve been building on as well with similar results. Here we go!

#FuzzyLEAPs

Building positions:

4 added in Oct 2024
3 added in Feb 2025
1 added in May 2025
2 added in Aug 2025
2 added in Dec 2025

Lots of various sized roll ups (20 total) eventually getting everything to 6800 strike

Total Cost to this point:

524.50 each
6294.0 total

Total credit to close LEAPS (Tue prices):

413.80 each
4965.6 total

Loss on LEAPS:

4965.6 – 6294.0 = 1328.40

Total premium received including outstanding short puts:

494.55 each
5934.60 total

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

Total gain:

5934.60 – 1328.40 =

+ 4606.20
===================

Since these positions were started in mid Oct 2024 the SPX is up 20 percent so I feel like this is close to a “worse case scenario” in a big up market with all the constant rolling. Still managed to keep 73 cents per dollar of premium received. If we get back to a more typical market and starting with a much bigger position size I’m really looking forward to 2026.

Merry Christmas everyone!

SPX

This might slow things down. Almost rolled it to 8000 since I’ve seen that predicted a few times for 2026!

Rolled SPX Jan 16 2026 6900.0 Put to Jan 16 2026 7000.0 Put @ 42.00 credit (213.35 total now)

EDIT: Corrected date. The entire roll is in Jan 2026 expiration.

SPX

Rolled out to Friday.

Rolled SPX Dec 23 2025 6850.0 Puts to Dec 26 2025 6850.0 Puts @ 5.50 credit (10.20 total now)

Also:

Added Ramie’s SPX Feb Butterfly @ .30 debit

SPY

Taking about 40 percent 60 days early.

Bought to Close SPY Feb 20 2026 610.0 Put @ 2.15 (sold for 4.00)
Bought to Close SPY Feb 20 2026 615.0 Put @ 2.35 (sold for 4.00)
Bought to Close SPY Feb 20 2026 620.0 Put @ 2.60 (sold for 4.20)

SPX

Finally got ’em all back except for my Jan 6900 strike lid. 🙂 🙂 Reloading but leaving a few uncovered.

SPX:

Bought to Close SPX Dec 22 2025 6825.0 Puts @ .25 (sold for 101.90)
Bought to Close SPX Dec 22 2025 6825.0 Puts @ .25 (sold for 96.30)
Bought to Close SPX Dec 22 2025 6840.0 Puts @ .25 (sold for 15.70)
Bought to Close SPX Dec 22 2025 6850.0 Put @ .40 (sold for 14.20)

Sold SPX Dec 23 2025 6850.0 Puts @ 4.70

SPX SPY XSP

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

SPX XSP

Gonna be busy next couple days so rolling out to Friday.

#FuzzyLEAPs

SPX:

Rolled SPX Dec 16 2025 6855.0 Puts to Dec 19 2025 6845.0 Puts @ 2.20 credit (12.70 total now)
Rolled SPX Dec 16 2025 6865.0 Put to Dec 19 2025 6855.0 Put @ .10 credit (12.70 total now)

XSP:

Rolled XSP Dec 16 2025 682.0 Puts to Dec 19 2025 680.0 Puts @ .95 credit (3.05 total now)

Friday will be interesting if we rally just a little bit before then. Short puts at 6830 (biggest position), 6845, 6855, 6900 and bear call spreads at 6850/6855.

SPX XSP

#FuzzyLEAPs

SPX:

Rolled SPX Dec 15 2025 6860.0 Puts to Dec 16 2025 6855.0 Puts @ 2.50 credit (10.50 total now)
Rolled SPX Dec 15 2025 6870.0 Put to Dec 16 2025 6865.0 Put @ 1.50 credit (12.60 total now)

XSP:

Rolled XSP Dec 15 2025 684.0 Puts to Dec 16 2025 682.0 Puts @ .10 credit (2.10 total now)

SPY

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 XSP

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)

SPX XSP

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 XSP

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

SPX

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

XSP

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

SPX XSP

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)

VIX

Throwing an extra little hedge out there.

Bought to Open VIX Jan 21 2026 20/35 Bull Call Spreads @ 1.29

SPX XSP

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 XSP

Rolled SPX Dec 04 2025 6825.0 Put to Dec 05 2025 6825.0 Put @ 8.75 credit (16.15 total now)

Rolled XSP Dec 04 2025 682.0 Puts to Dec 05 2025 682.0 Puts @ .85 credit (1.57 total now)

#fuzzyleaps

SPX XSP SPY

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.

SPX XSP

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)

SPX Fun Fact

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.

SPX XSP

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

SPX

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)

SPY

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)

XSP

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)

XSP

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

Sold XSP Nov 25 2025 664.0 Puts @ .83

SPX

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.

XSP

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)

SPX

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)

SPY

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.

So, WTF Happened Today!?

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

SPY

Adding to Dec ladder. Filled while I was out.

Sold SPY Dec 19 2025 595.0 Put @ 4.25

SPY

Adding to Dec ladder.

Sold SPY Dec 19 2025 600.0 Put @ 4.75

SPY

Adding to Dec ladder.

Sold SPY Dec 19 2025 605.0 Put @ 4.00

SPX

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)

SPY (SPX Style Setup)

Rolling out and down 2 weeks.

Rolled SPY Nov 14 2025 682.0 Puts to Nov 28 2025 680.0 Puts @ .80 credit (6.80 total now)

#spxsnowball

SPX

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!