Rolled SPX Oct 21 2026 7725.0 Puts to Oct 26 2026 7700.0 Puts @ 16.00 credit
Rolled SPX Oct 23 2026 7850.0 Puts to Oct 30 2026 7850.0 Puts @ 11.50 credit
Rolled SPX Oct 21 2026 7725.0 Puts to Oct 26 2026 7700.0 Puts @ 16.00 credit
Rolled SPX Oct 23 2026 7850.0 Puts to Oct 30 2026 7850.0 Puts @ 11.50 credit
Just for fun.
Sold today’s 7700/7705 Bear Call Spreads @ 4.45
Just before the rally. 🙂
Rolled SPX Oct 20 2026 7725.0 Puts to Oct 23 2026 7700.0 Puts @ 14.50 credit
Adding again.
Sold Nov 20 2026 7950/7955 Bear Call Spreads @ 1.25
Adding.
Sold Nov 20 2026 7950/7955 Bear Call Spreads @ 1.20
Out again. 🙂 🙂
Taking a third of max in a day.
Bought to Close SPY Nov 20 2026 705.0 Puts @ 2.15 (sold for 4.05)
Bought to Close SPY Nov 20 2026 710.0 Puts @ 2.38 (sold for 4.00)
Bought to Close SPY Nov 20 2026 715.0 Puts @ 2.64 (sold for 4.00)
Bought to Close SPY Nov 20 2026 720.0 Puts @ 2.95 (sold for 4.00)
Bought to Close SPY Nov 20 2026 725.0 Puts @ 3.25 (sold for 4.50)
Bought to Close SPY Nov 20 2026 730.0 Puts @ 3.66 (sold for 5.00)
A little bounce so rolling pre market.
Daily:
Rolled SPX Oct 19 2026 7765.0 Puts to Oct 23 2026 7745.0 Puts @ 1.50 credit
Ladder:
Rolled SPX Oct 19 2026 7725.0 Puts to Oct 22 2026 7700.0 Puts @ 9.00 credit
Back in again.
Sold SPY Nov 20 2026 705.0 Puts @ 4.05
Sold SPY Nov 20 2026 710.0 Puts @ 4.00
Sold SPY Nov 20 2026 715.0 Puts @ 4.00
Sold SPY Nov 20 2026 720.0 Puts @ 4.00
Sold SPY Nov 20 2026 725.0 Puts @ 4.50
Sold SPY Nov 20 2026 730.0 Puts @ 5.00
One night stand.
Bought to Close SPY Nov 20 2026 725.0 Puts @ 2.94 (sold for 3.95)
Bought to Close SPY Nov 20 2026 730.0 Puts @ 3.30 (sold for 4.00)
2030 is a LONG way off. Any roll downs especially for credits is more profits on the back end at expiration if the drop continues for 4 more years. One of these days we won’t get a V shaped recovery and these roll downs will really pay off. We’ll be able to sell all of these strikes again on a gradual rise. I’ve got no problem rolling down especially when it’s not a violent move. Only good can come from it. Patience grasshopper. 🙂 🙂
Using the bounce for tomorrow’s rolls too. Attending the National Long Drive Championships tomorrow. 🙂 🙂
Daily:
Going out a week with two thirds of my position. Have the other third on Monday.
Rolled SPX Oct 16 2026 7775.0 Puts to Oct 23 2026 7750.0 Puts @ 7.00 credit
Rolled SPX Oct 16 2026 7765.0 Puts to Oct 23 2026 7725.0 Puts @ 2.30 credit
Ladder:
Rolled SPX Oct 15 2026 7750.0 Puts to Oct 20 2026 7725.0 Puts @ 9.00 credit
Rolled SPX Oct 16 2026 7750.0 Puts to Oct 21 2026 7725.0 Puts @ 3.30 credit
Holding down the front lines. Hang tough boys!!
Rolled SPX Oct 16 2026 7850.0 Puts to Oct 23 2026 7850.0 Puts @ 4.50 credit
Taking the quickie on the big bounce.
Sold to Close 15 TLT Jan 21 2028 80.0/100.0 Bull Call Spreads @ 4.32 (bought for 3.45)
Sometimes a VIX spike in a down move will increase premiums even on out of the money calls. Just to confuse Mr. Market throwing this starter position out there just inside the expected move.
Sold Nov 20 2026 7950/7955 Bear Call Spreads @ 1.35
And adding:
Sold SPY Nov 20 2026 725.0 Puts @ 3.95
Daily:
Rolled SPX Oct 14 2026 7775.0 Puts to Oct 16 2026 7765.0 Puts @ 1.00 credit
Rolled SPX Oct 14 2026 7780.0 Puts to Oct 19 2026 7765.0 Puts @ .25 credit
Ladder:
Rolled SPX Oct 14 2026 7750.0 Puts to Oct 19 2026 7725.0 Puts @ 9.00 credit
63 days now since my last roll up of LEAPs. Premium received since then of over 1050 points total. I’m calling that free money!
Starter near the 200 day (again 🙂 🙂 )
Sold SPY Nov 20 2026 730.0 Puts @ 4.00
Adding.
Bought to Open TLT Jan 21 2028 80.0/100.0 Bull Call Spreads @ 3.60
Sold to Close Oct 23 2026 7675/7650 Bear Put Spread @ 6.60 (bought for 5.35)
Daily:
Rolled SPX Oct 13 2026 7780.0 Puts to Oct 14 2026 7780.0 Puts @ 11.00 credit
Rolled SPX Oct 13 2026 7800.0 Puts to Oct 14 2026 7775.0 Puts @ 5.00 credit
Ladder:
Bought to Close SPX Oct 13 2026 7750.0 Puts @ .45 (sold for 12.50)
Sold SPX Oct 16 2026 7750.0 Puts @ 14.45
Adding a few just to even out the contract numbers in the dailies and the ladder.
Bought SPX Dec 2030 7800.0 Puts @ 653.00
And:
Sold SPX Oct 13 2026 7780.0 Put @ 7.00
Sold SPX Oct 13 2026 7800.0 Put @ 14.00
Sold SPX Oct 16 2026 7775.0 Put @ 23.00
Sold SPX Oct 16 2026 7850.0 Put @ 60.00
Daily:
Rolled SPX Oct 12 2026 7780.0 Puts to Oct 13 2026 7780.0 Puts @ 5.00 credit
Rolled SPX Oct 12 2026 7800.0 Puts to Oct 13 2026 7800.0 Puts @ 8.00 credit
Ladder:
Bought to Close SPX Oct 12 2026 7725.0 Puts @ .25 (sold for 15.65)
Sold SPX Oct 15 2026 7750.0 Puts @ 11.50
Daily:
Rolled SPX Oct 09 2026 7800.0 Puts to Oct 12 2026 7800.0 Puts @ 11.00 credit
Ladder:
Reducing the rungs from 4 to 3 and adding a contract to each one.
Bought to Close SPX Oct 09 2026 7750.0 Puts @ .25 (sold for 16.10)
Sold SPX Oct 12 2026 7725.0 Put @ 1.50
Sold SPX Oct 13 2026 7750.0 Put @ 6.60
Sold SPX Oct 14 2026 7750.0 Put @ 12.50
And deploying another soldier to the front lines:
Sold SPX Oct 16 2026 7850.0 Put @ 61.60
Taking the quick 30 percent of max in a day.
Bought to Close SPY Nov 20 2026 725.0 Puts @ 2.82 (sold for 4.05)
Bought to Close SPY Nov 20 2026 730.0 Puts @ 3.17 (sold for 4.25)
Daily:
Rolled SPX Oct 08 2026 7790.0 Puts to Oct 12 2026 7780.0 Puts @ 2.75 credit
Rolled SPX Oct 08 2026 7800.0 Puts to Oct 16 2026 7775.0 Puts @ 9.00 credit
Ladder:
Rolled SPX Oct 08 2026 7775.0 Puts to Oct 14 2026 7750.0 Puts @ 15.00 credit
Here we go again.
Sold SPY Nov 20 2026 730.0 Puts @ 4.25
Sold SPY Nov 20 2026 725.0 Puts @ 4.05
Whiz hedge. He’s selling the call spread also to help finance the purchse. I’m just buying the put spread only.
Bought to Open Oct 23 2026 7675/7650 Bear Put Spread @ 5.35
Rolled SPX Oct 07 2026 7790.0 Puts to Oct 08 2026 7790.0 Puts @ 8.10 credit
Rolled SPX Oct 07 2026 7800.0 Puts to Oct 08 2026 7800.0 Puts @ 6.80 credit
Rolled SPX Oct 07 2026 7810.0 Puts to Oct 09 2026 7800.0 Puts @ 2.00 credit
Daily:
Bought to Close SPX Oct 06 2026 7700.0 Puts @ .15 (sold for 4.20)
Bought to Close SPX Oct 06 2026 7710.0 Puts @ .15 (sold for 5.40)
Bought to Close SPX Oct 06 2026 7720.0 Puts @ .15 (sold for 7.00)
Sold SPX Oct 07 2026 7790.0 Puts @ 4.70
Sold SPX Oct 07 2026 7800.0 Puts @ 6.20
Sold SPX Oct 07 2026 7810.0 Puts @ 8.50
Ladder:
Bought to Close SPX Oct 07 2026 7675.0 Puts @ .55 (sold for 66.10)
Sold SPX Oct 13 2026 7750.0 Puts @ 14.00
Rolled SPX Oct 08 2026 7675.0 Puts to Oct 08 2026 7775.0 Puts @ 5.50 credit
Rolled SPX Oct 09 2026 7675.0 Puts to Oct 09 2026 7750.0 Puts @ 4.50 credit
Rolled SPX Oct 12 2026 7675.0 Puts to Oct 12 2026 7725.0 Puts @ 3.50 credit
Hold the line boys!!
Rolled SPX Oct 16 2026 7825.0 Puts to Oct 16 2026 7850.0 Puts @ 10.70 credit
Daily:
Bought to Close SPX Oct 05 2026 7670.0 Puts @ .35 (sold for 8.25)
Bought to Close SPX Oct 05 2026 7680.0 Puts @ .40 (sold for 9.70)
Bought to Close SPX Oct 05 2026 7705.0 Puts @ .65 (sold for 39.90)
Sold SPX Oct 06 2026 7700.0 Puts @ 4.20
Sold SPX Oct 06 2026 7710.0 Puts @ 5.40
Sold SPX Oct 06 2026 7720.0 Puts @ 7.00
Ladder:
Bought to Close SPX Oct 05 2026 7600.0 Puts @ .20 (sold for 12.15)
Bought to Close SPX Oct 05 2026 7625.0 Puts @ .20 (sold for 37.50)
Bought to Close SPX Oct 06 2026 7600.0 Puts @ .60 (sold for 14.25)
Bought to Close SPX Oct 06 2026 7625.0 Puts @ .90 (sold for 18.50)
Sold SPX Oct 09 2026 7675.0 Puts @ 11.60
Sold SPX Oct 12 2026 7675.0 Puts @ 15.70
Rolled SPX Oct 07 2026 7600.0 Puts to Oct 07 2026 7675.0 Puts @ 3.65 credit
Rolled SPX Oct 07 2026 7625.0 Puts to Oct 07 2026 7675.0 Puts @ 3.00 credit
Rolled SPX Oct 08 2026 7650.0 Puts to Oct 08 2026 7675.0 Puts @ 2.40 credit
Daily:
Bought to Close SPX Oct 02 2026 7650.0 Puts @ .75 (sold for 79.55)
Sold SPX Oct 5 2026 7670.0 Puts @ 8.25
Sold SPX Oct 5 2026 7680.0 Puts @ 9.70
Rolled SPX Oct 02 2026 7705.0 Puts to Oct 05 2026 7705.0 Puts @ 11.00 credit
Ladder:
Bought to Close SPX Oct 02 2026 7600.0 Puts @ .25 (sold for 13.75)
Bought to Close SPX Oct 02 2026 7625.0 Puts @ .35 (sold for 17.40)
Sold SPX Oct 08 2026 7650.0 Puts @ 14.80
Sold SPX Oct 08 2026 7675.0 Puts @ 20.00
Taking the 30 percent of max in just a few days.
Bought to Close SPY Nov 20 2026 710.0 Put @ 3.03 (sold for 4.25)
Bought to Close SPY Nov 20 2026 715.0 Put @ 3.35 (sold for 4.70)
Bought to Close SPY Nov 20 2026 720.0 Put @ 3.75 (sold for 5.20)
Bought to Close SPY Nov 20 2026 725.0 Put @ 4.21 (sold for 5.78)
Feel like I’ve got to take a shot. It was either this or short TBT. I’ll throw ’em in the filing cabinet and check back in a few months. At some point might add some put spreads to help finance these. Big open interest out in the area of these strikes.
Bought to Open TLT Jan 21 2028 80.0/100.0 Bull Call Spreads @ 3.30
Rolled SPX Oct 01 2026 7675.0 Puts to Oct 02 2026 7650.0 Puts @ 2.00 credit
Rolled SPX Oct 01 2026 7600.0 Puts to Oct 07 2026 7600.0 Puts @ 27.00 credit
Rolled SPX Oct 01 2026 7625.0 Puts to Oct 07 2026 7625.0 Puts @ 31.00 credit
Winner! 🙂 🙂 🙂
Bought to Close MU Oct 02 2026 1050/1075/1075/1100 Iron Fly @ 21.75 (sold for 22.60)
Just for old times. Used to have fun with these playing for a small move and vol collapse.
Sold MU Oct 02 2026 1050/1075/1075/1100 Iron Fly @ 22.60
Rolled SPX Sep 30 2026 7650.0 Puts to Oct 01 2026 7675.0 Puts @ 12.00 credit
Rolled SPX Sep 30 2026 7675.0 Puts to Oct 01 2026 7675.0 Puts @ 10.00 credit
Bought to Close SPX Sep 30 2026 7600.0 Puts @ .25 (sold for 22.40)
Bought to Close SPX Sep 30 2026 7625.0 Puts @ .50 (sold for 28.40)
Sold SPX Oct 06 2026 7600.0 Puts @ 14.25
Sold SPX Oct 06 2026 7625.0 Puts @ 18.50
Rolled SPX Sep 29 2026 7675.0 Puts to Sep 30 2026 7650.0 Puts @ 2.50 credit
Rolled SPX Sep 29 2026 7675.0 Puts to Sep 30 2026 7675.0 Puts @ 11.50 credit
Rolled SPX Sep 29 2026 7730.0 Puts to Oct 02 2026 7705.0 Puts @ .50 credit
Rolled SPX Sep 29 2026 7625.0 Puts to Oct 05 2026 7600.0 Puts @ 19.00 credit
Rolled SPX Sep 29 2026 7650.0 Puts to Oct 05 2026 7625.0 Puts @ 22.00 credit
Starting at the 200 day area.
Sold SPY Nov 20 2026 725.0 Put @ 5.78
Sold SPY Nov 20 2026 720.0 Put @ 5.20
Sold SPY Nov 20 2026 715.0 Put @ 4.70
Sold SPY Nov 20 2026 710.0 Put @ 4.25
And:
Bought to Open SPY Nov 20 2026 425.0 Puts @ .10
Same strikes again. 🙂 🙂
Rolled SPX Sep 28 2026 7675.0 Puts to Sep 29 2026 7675.0 Puts @ 8.00 credit
Rolled SPX Sep 28 2026 7730.0 Puts to Sep 29 2026 7730.0 Puts @ 8.00 credit
Bought to Close SPX Sep 28 2026 7600.0 Puts @ .25 (sold for 11.45)
Bought to Close SPX Sep 28 2026 7625.0 Puts @ .40 (sold for 14.70)
Sold SPX Oct 02 2026 7600.0 Puts @ 13.75
Sold SPX Oct 02 2026 7625.0 Puts @ 17.40
Straight rolls for the dailies and down to the expected move area for the ladder.
Rolled SPX Sep 25 2026 7675.0 Puts to Sep 28 2026 7675.0 Puts @ 10.00 credit
Rolled SPX Sep 25 2026 7730.0 Puts to Sep 28 2026 7730.0 Puts @ 10.00 credit
Rolled SPX Sep 25 2026 7625.0 Puts to Oct 01 2026 7600.0 Puts @ 17.00 credit
Rolled SPX Sep 25 2026 7650.0 Puts to Oct 01 2026 7625.0 Puts @ 20.00 credit
Rolled SPX Sep 24 2026 7675.0 Put to Sep 30 2026 7600.0 Put @ 9.00 credit
Rolled SPX Sep 24 2026 7680.0 Put to Sep 30 2026 7625.0 Put @ 12.20 credit
The big bounce was nice to get my ladder all configured with bigger rungs. I’ll pick it up again tomorrow. Only thing today is rolling the TOFTT from yesterday. It’s now been 6 weeks since my last roll up of a LEAP. 🙂 🙂 🙂
Rolled SPX Sep 23 2026 7750.0 Puts to Sep 25 2026 7730.0 Puts @ 1.00 credit
Daily:
Bought to Close SPX Sep 22 2026 7680.0 Puts @ .30 (sold for 6.00)
Sold SPX Sep 23 2026 7750.0 Puts @ 9.50 (TOFTT??)
Ladder:
Bought to Close SPX Sep 23 2026 7550.0 Put @ .50 (sold for 37.00)
Bought to Close SPX Sep 23 2026 7625.0 Put @ .90 (sold for 34.25)
Rolled SPX Sep 24 2026 7550.0 Put to Sep 24 2026 7675.0 Put @ 3.00 credit
Rolled SPX Sep 24 2026 7575.0 Put to Sep 24 2026 7680.0 Put @ 3.00 credit
Sold SPX Sep 29 2026 7625.0 Put @ 8.30
Sold SPX Sep 29 2026 7650.0 Put @ 10.50
Increasing the size on my 4 day ladders by moving some dailies into the ladder. Still leaving plenty to sell “daily”.
Bought to Close SPX Sep 21 2026 7525.0 Put @ .15 (sold for 113.65)
Bought to Close SPX Sep 21 2026 7550.0 Put @ .15 (sold for 91.00)
Bought to Close SPX Sep 21 2026 7630.0 Puts @ .40 (sold for 65.30)
Bought to Close SPX Sep 21 2026 7655.0 Puts @ .40 (sold for 51.20)
Bought to Close SPX Sep 22 2026 7575.0 Put @ .80 (sold for 17.50)
Bought to Close SPX Sep 22 2026 7600.0 Put @ 1.15 (sold for 23.90)
Sold SPX Sep 22 2026 7680.0 Puts @ 6.00
Sold SPX Sep 25 2026 7625.0 Put @ 14.00
Sold SPX Sep 25 2026 7625.0 Put @ 11.80
Sold SPX Sep 25 2026 7650.0 Put @ 19.00
Sold SPX Sep 25 2026 7650.0 Put @ 16.50
Sold SPX Sep 28 2026 7600.0 Put @ 12.50
Sold SPX Sep 28 2026 7600.0 Put @ 10.40
Sold SPX Sep 28 2026 7625.0 Put @ 13.40
Sold SPX Sep 28 2026 7625.0 Put @ 16.00
Sold SPX Sep 29 2026 7625.0 Put @ 16.00
Sold SPX Sep 29 2026 7650.0 Put @ 20.50
Sold SPX Sep 30 2026 7600.0 Put @ 16.00
Sold SPX Sep 30 2026 7625.0 Put @ 19.50
Bought to Close SPX Sep 18 2026 7550.0 Put @ .35 (sold for 36.40)
Bought to Close SPX Sep 18 2026 7575.0 Put @ .65 (sold for 35.20)
Sold SPX Sep 24 2026 7550.0 Put @ 16.85
Sold SPX Sep 24 2026 7575.0 Put @ 22.15
Taking the 35 percent quickies in a few days. Been a great year for SPY…my 13th time in and out of these on dips.
Bought to Close SPY Oct 16 2026 715.0 Put @ 2.30 (sold for 4.25)
Bought to Close SPY Oct 16 2026 720.0 Put @ 2.68 (sold for 4.80)
Bought to Close SPY Oct 16 2026 725.0 Put @ 3.16 (sold for 4.00)
Bought to Close SPY Oct 16 2026 730.0 Put @ 3.66 (sold for 5.50)
Most filled pre-market.
Rolled SPX Sep 17 2026 7600.0 Put to Sep 23 2026 7550.0 Put @ 17.00 credit
Rolled SPX Sep 17 2026 7650.0 Put to Sep 23 2026 7625.0 Put @ 19.75 credit
Rolled SPX Sep 18 2026 7650.0 Puts to Sep 21 2026 7630.0 Puts @ .90 credit
Rolled SPX Sep 18 2026 7665.0 Puts to Sep 21 2026 7655.0 Puts @ 3.55 credit
Rolled SPX Sep 18 2026 7695.0 Puts to Sep 25 2026 7675.0 Puts @ 9.25 credit
Rolled SPX Sep 18 2026 7705.0 Puts to Sep 25 2026 7675.0 Puts @ 1.60 credit
Rolled SPX Sep 18 2026 7825.0 Puts to Oct 16 2026 7825.0 Puts @ 9.50 credit
Filled while i was out:
Sold to Close SPX Oct 16 2026 7300/7200 Bear Put Spread @ 15.00
Still holding the 7900/7905 bear call spreads I sold to finance it.
Rolled SPX Sep 16 2026 7600.0 Put to Sep 22 2026 7575.0 Put @ 22.60 credit
Rolled SPX Sep 16 2026 7650.0 Put to Sep 22 2026 7600.0 Put @ 1.25 credit
Adding.
Sold SPY Oct 16 2026 730.0 Put @ 5.50
Rolled SPX Sep 15 2026 7575.0 Put to Sep 21 2026 7525.0 Put @ 27.10 credit
Rolled SPX Sep 15 2026 7600.0 Put to Sep 21 2026 7550.0 Put @ 21.50 credit
Rolled SPX Sep 14 2026 7600.0 Put to Sep 18 2026 7550.0 Put @ 22.50 credit
Rolled SPX Sep 14 2026 7625.0 Put to Sep 18 2026 7575.0 Put @ 16.80 credit
Busy tomorrow so taking care of those too.
Rolled SPX Sep 10 2026 7680.0 Puts to Sep 18 2026 7650.0 Puts @ 4.50 credit
Rolled SPX Sep 10 2026 7690.0 Puts to Sep 18 2026 7665.0 Puts @ 2.30 credit
Rolled SPX Sep 11 2026 7710.0 Puts to Sep 18 2026 7695.0 Puts @ 3.00 credit
Rolled SPX Sep 11 2026 7720.0 Puts to Sep 18 2026 7705.0 Puts @ .50 credit
And:
Rolled SPX Sep 10 2026 7650.0 Put to Sep 16 2026 7600.0 Put @ 4.00 credit
Rolled SPX Sep 10 2026 7675.0 Put to Sep 16 2026 7650.0 Put @ 4.65 credit
Rolled SPX Sep 11 2026 7650.0 Put to Sep 17 2026 7600.0 Put @ 2.25 credit
Rolled SPX Sep 11 2026 7675.0 Put to Sep 17 2026 7650.0 Put @ 7.00 credit
Adding.
Sold SPY Oct 16 2026 715.0 Put @ 4.25
Sold SPY Oct 16 2026 720.0 Put @ 4.80
Throwing a little starter out there.
Sold SPY Oct 16 2026 725.0 Put @ 4.00
Rolled SPX Sep 09 2026 7650.0 Put to Sep 15 2026 7600.0 Put @ 15.00 credit
Rolled SPX Sep 09 2026 7625.0 Put to Sep 15 2026 7575.0 Put @ 17.40 credit
Bought to Close SPX Sep 08 2026 7650.0 Put @ .25 (sold for 70.90)
Bought to Close SPX Sep 08 2026 7675.0 Put @ 1.15 (sold for 49.65)
Sold SPX Sep 14 2026 7600.0 Put @ 13.90
Sold SPX Sep 14 2026 7625.0 Put @ 18.40
Rolling into the PPI volatility on Thursday. Still have CPI to work with on Friday.
Rolled SPX Sep 08 2026 7700.0 Puts to Sep 10 2026 7680.0 Puts @ 6.25 credit
Rolled SPX Sep 08 2026 7710.0 Puts to Sep 10 2026 7690.0 Puts @ 1.55 credit
https://www.zerohedge.com/markets/september-market-weakness-setup-has-teeth
But….at the end of the article:
What Should Investors Do Now
So, what does this all mean for investors? Most importantly, this is a tactical market reset, not a call to abandon equities and go hide in cash. Scott Rubner himself framed the September weakness as a “better entry point ahead of a more constructive mid-October.”
He is correct. Once mid-October arrives, the options expiry will have cleared, the FOMC will have met, and corporate buybacks will have resumed. Notably, the market will be focusing on Q3 corporate earnings reports. which typically support markets heading into November.
Therefore, the investor playbook is to use market strength to rebalance portfolio risk rather than chase it.
Heading into next week, the support and resistance levels are evident. The first resistance is the record at 7,796, about 1% away. Just above that are the round numbers at 7,900 and 8,000. (Those are our year-end targets that sit just above previous all-time highs.) Conversely, support starts at the 50-day near 7,585. That level also marks the breakout that a failed retest would expose. Just below that level is the 7,300 zone, then the 200-day at 7,137, the same downside band the seasonal math points toward.
Let me preface this by saying I couldn’t be happier with the #SPXsnowball !!
Haven’t done an update for awhile. Last one was at the 3 month mark since converting everything and moving it all into a ROTH IRA (you’re welcome gubment but I’m done with you forever now 🙂 🙂 🙂 )
Now at the 6 month mark so let’s see how things are going.
Building positions:
15 added in Mar 2026
08 added in Apr 2026
02 added in May 2026
05 added in Jul 2026
01 added in Aug 2026
Lots of various sized roll ups (9 total) eventually getting everything to 7800 strike in 2030 expiration.
Total Cost to this point:
3,001,638.00
Total credit to close LEAPS:
2,247,500.00
Loss on LEAPS:
-754,138.00
Total premium received:
1,829,144.00
===================
Total gain:
1,075,006.00
===================
Booking two ladder rungs instead of rolling (paperwork technicality on my end):
Bought to Close SPX Sep 04 2026 7675.0 Put @ 1.30 (sold for 57.80)
Bought to Close SPX Sep 04 2026 7700.0 Put @ 5.25 (sold for 65.35)
Sold SPX Sep 11 2026 7650.0 Put @ 17.80
Sold SPX Sep 11 2026 7675.0 Put @ 27.25
Tuesday roll up:
Rolled SPX Sep 08 2026 7600.0 Put to Sep 08 2026 7650.0 Put @ 3.00 credit
Rolled SPX Sep 08 2026 7625.0 Put to Sep 08 2026 7675.0 Put @ 5.00 credit
Ladder:
Bought to Close SPX Sep 3 2026 7650.0 Put @ .30 (sold for 42.00)
Bought to Close SPX Sep 3 2026 7675.0 Put @ .50 (sold for 41.30)
Sold SPX Sep 10 2026 7650.0 Put @ 13.50
Sold SPX Sep 10 2026 7675.0 Put @ 18.00
Tomorrow roll up:
Rolled SPX Sep 04 2026 7600.0 Put to Sep 04 2026 7675.0 Put @ 3.50 credit
Rolled SPX Sep 04 2026 7625.0 Put to Sep 04 2026 7700.0 Put @ 6.00 credit
Early roll to Tuesday:
Rolled SPX Sep 04 2026 7710.0 Puts to Sep 08 2026 7700.0 Puts @ 4.05 credit
Rolled SPX Sep 04 2026 7720.0 Puts to Sep 08 2026 7710.0 Puts @ 3.00 credit
Taking the 30 percent quickies in a couple days.
Bought to Close SPY Oct 16 2026 705.0 Put @ 2.30 (sold for 3.50)
Bought to Close SPY Oct 16 2026 710.0 Put @ 2.55 (sold for 3.50)
Bought to Close SPY Oct 16 2026 715.0 Put @ 2.85 (sold for 3.85)
Bought to Close SPY Oct 16 2026 720.0 Put @ 3.20 (sold for 4.30)
Bought to Close SPY Oct 16 2026 725.0 Put @ 3.60 (sold for 5.25)
Nice up day so a good time to roll my lid. As long as these are being rolled everything is free money. 🙂 🙂
Rolled SPX Sep 04 2026 7825.0 Puts to Sep 18 2026 7825.0 Puts @ 10.75 credit
Also rolling my other highest strikes:
Rolled SPX Sep 04 2026 7740.0 Puts to Sep 11 2026 7720.0 Puts @ 2.00 credit
Rolled SPX Sep 04 2026 7730.0 Puts to Sep 11 2026 7710.0 Puts @ 4.50 credit
Just in case Iceman’s post about drawdowns holds true again throwing this out there at the bottom of the expected move. Looking at call spreads to sell to maybe help pay for part or all of this.
Bought to Open SPX Oct 16 2026 7300/7200 Bear Put Spread @ 9.85
EDIT: Sold SPX Oct 16 2026 7900/7905 Bear Call Spreads @ 1.40
Rolled SPX Sep 02 2026 7675.0 Put to Sep 09 2026 7650.0 Put @ 12.50 credit
Rolled SPX Sep 02 2026 7650.0 Put to Sep 09 2026 7625.0 Put @ 21.05 credit
Sprinkling a few starters out there around the 200 day.
Sold SPY Oct 16 2026 710.0 Put @ 3.50
Sold SPY Oct 16 2026 715.0 Put @ 3.85
Sold SPY Oct 16 2026 720.0 Put @ 4.30
Rolled SPX Sep 01 2026 7650.0 Put to Sep 08 2026 7625.0 Put @ 17.75 credit
Rolled SPX Sep 01 2026 7625.0 Put to Sep 08 2026 7600.0 Put @ 21.75 credit
Rolled SPX Aug 31 2026 7730.0 Puts to Sep 04 2026 7720.0 Puts @ 8.00 credit
Rolled SPX Aug 31 2026 7720.0 Puts to Sep 04 2026 7710.0 Puts @ 11.50 credit
Rolled SPX Aug 31 2026 7650.0 Put to Sep 04 2026 7625.0 Put @ 17.50 credit
Rolled SPX Aug 31 2026 7625.0 Put to Sep 04 2026 7600.0 Put @ 15.30 credit
Rolled SPX Aug 28 2026 7720.0 Puts to Aug 31 2026 7720.0 Puts @ 11.50 credit
Rolled SPX Aug 28 2026 7730.0 Puts to Aug 31 2026 7730.0 Puts @ 9.55 credit
Rolled SPX Aug 28 2026 7650.0 Put to Sep 03 2026 7650.0 Put @ 13.05 credit
Rolled SPX Aug 28 2026 7675.0 Put to Sep 03 2026 7675.0 Put @ 16.25 credit
TTMR. Completely out of these now with good gains in a few days.
Sold to Close NVDA Oct 16 2026 175.0 Puts @ .75
Sold to Close SPCX Oct 16 2026 70.0 Puts @ .11
NVDA +400
SPCX +510
Bought to Close NVDA Aug 28 2026 200.0 Puts @ .03
Bought to Close SPCX Aug 28 2026 125.0 Puts @ .03
Both positions are free now and nicely profitable. I’ll wait and see if we get a pullback to sell some more.
Rolled SPX Aug 27 2026 7700.0 Put to Sep 02 2026 7675.0 Put @ 16.00 credit
Rolled SPX Aug 27 2026 7675.0 Put to Sep 02 2026 7650.0 Put @ 17.60 credit
And rolled my 2 highest strike positions:
Rolled SPX Aug 28 2026 7760.0 Puts to Sep 04 2026 7740.0 Puts @ 3.50 credit
Rolled SPX Aug 28 2026 7750.0 Puts to Sep 04 2026 7730.0 Puts @ 5.50 credit
Another one just for fun. Buying Oct and selling three times a week against it. NVDA has Mon, Wed and Fri expirations. Plenty of chances to roll down and/or sell more on a down move. No upside risk. If NVDA drops below 175 then I’d like to see it go on down to 50. 🙂 🙂
Sold NVDA Aug 28 2026 200.0 Puts
Against:
Bought NVDA Oct 16 2026 175.0 Puts
Net Credit .10 on the whole thing.
I look at this and my SPCX trade as “mini” SPX type of trades. Just shorter term to take advantage of premiums in some of these headline type stocks.
Rolled SPX Aug 26 2026 7700.0 Put to Sep 01 2026 7650.0 Put @ 4.50 credit
Rolled SPX Aug 26 2026 7675.0 Put to Sep 01 2026 7625.0 Put @ 16.25 credit
Rolled SPX Aug 25 2026 7675.0 Put to Aug 31 2026 7650.0 Put @ 11.00 credit
Rolled SPX Aug 25 2026 7650.0 Put to Aug 31 2026 7625.0 Put @ 18.50 credit
And keeping the lid on:
Rolled SPX Aug 25 2026 7825.0 Puts to Sep 04 2026 7825.0 Puts @ 5.00 credit