Out all day tomorrow so rolling to Friday.
Rolled SPX Jun 03 2026 7550.0 Puts to Jun 05 2026 7550.0 Puts @ 14.25 credit
Rolled SPX Jun 03 2026 7600.0 Put to Jun 05 2026 7600.0 Put @ 18.80 credit
Author Archives: fuzzballl
SPX
Pretty typical. Nearly always get filled between 26.50 and 27.00
Rolled Dec 2030 7500 to 7600 @ 26.70 debit
SPX
Rolled SPX Jun 02 2026 7550.0 Puts to Jun 03 2026 7550.0 Puts @ 6.50 credit
Trying again to #TakeOneForTheTeam
Rolled SPX Jun 02 2026 7550.0 Put to Jun 03 2026 7600.0 Put @ 24.25 credit
SPX
Rolled SPX Jun 01 2026 7525.0 Puts to Jun 02 2026 7550.0 Puts @ 9.00 credit
Rolled SPX Jun 01 2026 7550.0 Puts to Jun 02 2026 7550.0 Puts @ 6.00 credit
SPX Strategy Example 2 (One Contract)
Here’s an even more extreme example of how this works even in a beyond ridiculous up market. In my daughter’s account I started with one contract on April 15th. This was just after the market bottomed and had gapped up above the 50 day moving average. Since then SPX has gone up another 10 percent in 6 weeks. So how did one contract do?
Here’s the actual numbers:
Building positions:
01 added in Apr 2026
Lots of roll ups (5 total) eventually getting everything to 7500 strike in 2030 expiration.
Total Cost to this point:
89,030.00
Total credit to close LEAP:
72,500.00
Loss on LEAPS:
-16,530.00
Total premium received:
37,896.00
===================
Total gain:
21,366.00
===================
Not bad considering how awful my entry timing was. VIX was still a little high and obviously I never imagined a run up like we’ve had. BUT STILL GREAT RETURNS (208 percent annualized). Crazy when you consider this is about as bad as it can get fighting an up move.
SPX Strategy Being Tested to the Max!
I’m now one week short of being in the new positions for 3 months. Started these in the new ROTH IRA on March 5th 2026. Somewhere earlier I said that 2025 was about as bad as it could get needing to manage these to the upside where I feel most of the risk is. Boy was I wrong! How has the SPX strategy fared during this most recent historic massive run up?
Here’s the actual numbers:
Building positions:
15 added in Mar 2026
08 added in Apr 2026
02 added in May 2026
Lots of various sized roll ups (6 total) eventually getting everything to 7500 strike in 2030 expiration.
Total Cost to this point:
2,327,258.00
Total credit to close LEAPS:
1,812,500.00
Loss on LEAPS:
-514,758.00
Total premium received:
1,179,132.00
===================
Total gain:
664,374.00
===================
It’s nice to see that it’s still working pretty good in this crazy market. Typically the worst I’ve seen to this point over the last 3 years is keeping about 70 percent of premium received. In this market that number has dropped to about 56 percent. STILL GREAT PROFITS (114% annualized) but imagine what this will (could be) in a more normal market! Gonna keep plugging away and adding as I can. Assuming no implosion the next big add to the LEAPS could come in a couple weeks. Planning on adding 5 at a time and then recovering cash. As the position grows bigger the cash will be recovered even quicker. That’s the SPX Snowball rolling downhill!!
Good luck everyone!
SPX
Rolled SPX May 29 2026 7525.0 Puts to Jun 01 2026 7525.0 Puts @ 8.00 credit
Rolled SPX May 29 2026 7550.0 Puts to Jun 01 2026 7550.0 Puts @ 9.50 credit
SPX
Bought to Close SPX May 28 2026 7475.0 Puts @ .15 (sold for 46.95)
Bought to Close SPX May 28 2026 7475.0 Puts @ .15 (sold for 98.75)
Bought to Close SPX May 28 2026 7500.0 Puts @ .20 (sold for 104.75)
Sold SPX May 29 2026 7525.0 Puts @ 6.90
Sold SPX May 29 2026 7550.0 Puts @ 13.00
SPX
Rolled SPX May 27 2026 7450.0 Puts to May 28 2026 7475.0 Puts @ 8.00 credit
Rolled SPX May 27 2026 7475.0 Puts to May 28 2026 7475.0 Puts @ 6.50 credit
Rolled SPX May 27 2026 7475.0 Puts to May 28 2026 7500.0 Puts @ 12.50 credit
SPX
Rolled SPX May 26 2026 7425.0 Puts to May 27 2026 7450.0 Puts @ 6.00 credit
Rolled SPX May 26 2026 7450.0 Puts to May 27 2026 7475.0 Puts @ 9.50 credit
Rolled SPX May 26 2026 7475.0 Put to May 27 2026 7475.0 Put @ 7.30 credit
SPX
Rolled SPX May 22 2026 7400.0 Puts to May 26 2026 7425.0 Puts @ 15.00 credit
Rolled SPX May 22 2026 7425.0 Puts to May 26 2026 7450.0 Puts @ 20.00 credit
Rolled SPX May 22 2026 7450.0 Puts to May 26 2026 7450.0 Puts @ 14.75 credit
Added:
Bought SPX Dec 2030 7500.0 Put @ 740.00
And:
Sold SPX May 26 2026 7450.0 Put @ 20.00
SPY
Taking half in a couple days.
Bought to Close SPY Jun 18 2026 675.0 Puts @ 1.06 (sold for 2.05)
SPX
Bought to Close SPX May 21 2026 7400.0 Puts @ 3.00 (sold for 59.70)
Sold SPX May 22 2026 7400.0 Puts @ 18.00
Rolled SPX May 21 2026 7425.0 Puts to May 22 2026 7425.0 Puts @ 9.25 credit
Rolled SPX May 21 2026 7450.0 Puts to May 22 2026 7450.0 Puts @ 6.75 credit
And a day early:
Rolled SPX May 22 2026 7475.0 Put to May 26 2026 7475.0 Put @ 11.75 credit
SPX
Rolled everything on the pre-market bounce. Happy NVDA day!!
Rolled SPX May 20 2026 7400.0 Puts to May 21 2026 7400.0 Puts @ 17.50 credit
Rolled SPX May 20 2026 7425.0 Puts to May 21 2026 7425.0 Puts @ 15.50 credit
Rolled SPX May 20 2026 7450.0 Puts to May 21 2026 7450.0 Puts @ 10.00 credit
SPX
Great premium on our next rolls with NVDA reporting after the close tomorrow.
Rolled SPX May 19 2026 7400.0 Puts to May 20 2026 7400.0 Puts @ 9.50 credit
Rolled SPX May 19 2026 7425.0 Puts to May 20 2026 7425.0 Puts @ 6.00 credit
Rolled SPX May 19 2026 7450.0 Puts to May 20 2026 7450.0 Puts @ 3.00 credit
Out to Friday:
Rolled SPX May 19 2026 7475.0 Put to May 22 2026 7475.0 Puts @ 9.00 credit
SPY
Throwing a little starter out at the 200 day.
Sold SPY Jun 18 2026 675.0 Puts @ 2.05
SPX
Pre-Market:
Sold SPX May 19 2026 7400.0 Puts @ 29.00
Sold SPX May 19 2026 7425.0 Puts @ 42.00
And at the open:
Rolled SPX May 18 2026 7400.0 Puts to May 19 2026 7400.0 Puts @ 10.00 credit
Rolled SPX May 18 2026 7450.0 Puts to May 19 2026 7450.0 Puts @ 8.50 credit
Rolled SPX May 18 2026 7475.0 Put to May 19 2026 7475.0 Put @ 5.15 credit
SPX
Rolled SPX May 15 2026 7400.0 Puts to May 18 2026 7400.0 Puts @ 16.00 credit
Rolled SPX May 15 2026 7450.0 Puts to May 18 2026 7450.0 Puts @ 12.00 credit
Rolled SPX May 15 2026 7475.0 Put to May 18 2026 7475.0 Put @ 8.05 credit
SPX SET
Got lucky again with my fat finger. Rally in the last 15 minutes of pre market sent these out worthless. Downside is I can’t sell them again until Monday so wouldn’t mind seeing this selloff hold through the weekend.
Expired AM:
SPX May 15 2026 7425.0 Puts (fat finger AM expiration sold for 9.40)
SET: 7439.67 Whew!!
SPX LEAPs Warning!!
Interesting. There is some activity in these strikes today with us rolling. I was messing around with the price and couldn’t get the mid below about 33. But I knew I’d always gotten filled around 27.00 for similar rolls. Walked up the price starting at 26.00 while ignoring the mid and was filled at 27.25. Would’ve gotten robbed starting near the mid!!
Rolled Dec 2030 7400 to 7500 @ 27.25 debit
SPX
Bought to Close SPX May 14 2026 7350.0 Puts @ .55 (sold for 51.10)
Bought to Close SPX May 14 2026 7375.0 Puts @ .85 (sold for 63.85)
Bought to Close SPX May 14 2026 7400.0 Puts @ 1.70 (sold for 87.85)
Sold SPX May 15 2026 7400.0 Puts @ 8.55
Sold SPX May 15 2026 7425.0 Puts @ 9.35 (fat finger AM expiration)
Sold SPX May 15 2026 7450.0 Puts @ 19.70
Rolled SPX May 15 2026 7425.0 Put to May 15 2026 7475.0 Put @ 15.40 credit (89.50 total now)
SPX
Straight rolls yes!!
Rolled SPX May 13 2026 7350.0 Puts to May 14 2026 7350.0 Puts @ 9.25 credit
Rolled SPX May 13 2026 7375.0 Puts to May 14 2026 7375.0 Puts @ 10.50 credit
Rolled SPX May 13 2026 7400.0 Puts to May 14 2026 7400.0 Puts @ 9.50 credit
SPX
Straight rolls. Still holding my 7425 to see if we get a bounce. As long as I have to keep rolling it everything else is free money! #takeonefortheteam
Rolled SPX May 12 2026 7350.0 Puts to May 13 2026 7350.0 Puts @ 9.00 credit (41.90 total now)
Rolled SPX May 12 2026 7375.0 Puts to May 13 2026 7375.0 Puts @ 10.75 credit (53.40 total now)
Rolled SPX May 12 2026 7400.0 Puts to May 13 2026 7400.0 Puts @ 9.50 credit (78.40 total now)
SPX
Right at the open:
Rolled SPX May 11 2026 7325.0 Puts to May 12 2026 7350.0 Puts @ 8.50 credit (32.90 total now)
Rolled SPX May 11 2026 7350.0 Puts to May 12 2026 7375.0 Puts @ 13.50 credit (42.65 total now)
Rolled SPX May 11 2026 7375.0 Puts to May 12 2026 7400.0 Puts @ 20.50 credit (68.90 total now)
And Come and Get It Mr. Market!!
Rolled SPX May 11 2026 7325.0 Put to May 12 2026 7425.0 Put @ 37.70 credit (62.10 total now)
EDIT: Also:
Rolled Dec 2030 7300 to 7400 @ 27.20 debit
SPX
Rolled SPX May 08 2026 7325.0 Puts to May 11 2026 7325.0 Puts @ 8.25 credit (24.45 total now)
Rolled SPX May 08 2026 7325.0 Puts to May 11 2026 7350.0 Puts @ 13.00 credit (29.20 total now)
Rolled SPX May 08 2026 7375.0 Puts to May 11 2026 7375.0 Puts @ 14.00 credit (48.45 total now)
SPX
Rolled SPX May 07 2026 7275.0 Puts to May 08 2026 7325.0 Puts @ 10.50 credit (16.20 total now)
And TOFTT:
Rolled SPX May 07 2026 7300.0 Puts to May 08 2026 7375.0 Puts @ 25.00 credit (34.35 total now)
SPX
A dip! 🙂 🙂
Bought to Close SPX May 06 2026 7225.0 Puts @ .25 (sold for 9.35)
Bought to Close SPX May 06 2026 7250.0 Puts @ .35 (sold for 15.60)
Bought to Close SPX May 06 2026 7275.0 Puts @ .70 (sold for 51.00)
Sold SPX May 07 2026 7275.0 Puts @ 5.75
Sold SPX May 07 2026 7300.0 Puts @ 9.45
And:
Rolled Dec 2030 7200.0 Puts to Dec 2030 7300.0 Puts @ 27.00 debit
Note:
This is some of the lowest premium I’ve received in quite awhile. Still, based on today’s numbers I could roll up every 4 days just on premium received without dipping into standby cash. Something else to keep in mind….factor in the cash you’re still receiving every day in times like this to help with rolls.
SPX
Bought to Close SPX May 05 2026 7200.0 Puts @ .55 (sold for 23.60)
Bought to Close SPX May 05 2026 7225.0 Put @ 1.20 (sold for 21.10)
Sold SPX May 06 2026 7225.0 Puts @ 9.35
Sold SPX May 06 2026 7250.0 Puts @ 15.60
Rolled SPX May 05 2026 7275.0 Puts to May 06 2026 7275.0 Puts @ 6.00 credit (51.00 total now)
SPX Whiz Hedge
May monthly:
STO 7375/7380 BeCS
BTO 7100/7050 BePS
Net Debit 5.00
SPX
Straight Roll:
Rolled SPX May 04 2026 7200.0 Puts to May 05 2026 7200.0 Puts @ 10.00 credit (23.60 total now)
Keeping the lid on:
Rolled SPX May 04 2026 7275.0 Puts to May 05 2026 7275.0 Puts @ 4.00 credit (45.00 total now)
Adding One:
Bought SPX Dec 2030 7200.0 Put @ 740.00
Sold SPX May 05 2026 7225.0 Put @ 21.10
SPX
EDIT: Changed everything to closing orders today and new sales for Monday
Crazy.
Bought to Close SPX May 01 2026 7100.0 Puts @ .25 (sold for 52.35)
Bought to Close SPX May 01 2026 7175.0 Puts @ 1.05 (sold for 12.25)
Bought to Close SPX May 01 2026 7200.0 Puts @ 2.35 (sold for 19.85)
Sold SPX May 04 2026 7200.0 Puts @ 13.20 and 13.95
And I hope I’m rolling these down for the next 3 years. 🙂 🙂 🙂
Sold SPX May 04 2026 7275.0 Puts @ 41.00
And finally:
Rolled Dec 2030 7100.0 Puts to Dec 2030 7200.0 Puts @ 26.75 debit
SPX
Rolled on the opening dip. Now already over 80 percent of max profitable. Unreal. I’m wondering if when the day trading rules go away will I be able to roll this up in the same day….
Rolled SPX Apr 30 2026 7100.0 Puts to May 01 2026 7100.0 Puts @ 11.30 credit (52.35 total now)
Never got a chance to get good rolls on these.
Bought to Close SPX Apr 30 2026 7125.0 Puts @ .20 (sold for 66.70)
Bought to Close SPX Apr 30 2026 7150.0 Puts @ .30 (sold for 51.00)
And:
Sold SPX May 01 2026 7175.0 Puts @ 12.20
Sold SPX May 01 2026 7200.0 Puts @ 19.80
I’ll be looking to roll up LEAPs tomorrow if 7200 holds.
SPY
Just to have them if I need them.
Bought to Open SPY Jun 18 2026 400.0 Puts @ .13
SPX
Straight rolls.
Rolled SPX Apr 29 2026 7100.0 Puts to Apr 30 2026 7100.0 Puts @ 20.10 credit (41.10 total now)
Rolled SPX Apr 29 2026 7125.0 Puts to Apr 30 2026 7125.0 Puts @ 23.00 credit (66.70 total now
Rolled SPX Apr 29 2026 7150.0 Puts to Apr 30 2026 7150.0 Puts @ 20.00 credit (51.00 total now)
SPX
Straight rolls.
Rolled SPX Apr 28 2026 7100.0 Puts to Apr 29 2026 7100.0 Puts @ 12.00 credit (21.00 total now)
Rolled SPX Apr 28 2026 7125.0 Puts to Apr 29 2026 7125.0 Puts @ 13.00 credit (43.70 total now
Rolled SPX Apr 28 2026 7150.0 Puts to Apr 29 2026 7150.0 Puts @ 12.00 credit (31.00 total now)
SPX
Bought to Close SPX Apr 27 2026 7075.0 Puts @ .95 (sold for 46.95)
Sold SPX Apr 28 2026 7100.0 Puts @ 9.00
Rolled SPX Apr 27 2026 7125.0 Puts to Apr 28 2026 7125.0 Puts @ 9.20 credit (30.70 total now)
Adding a little early. Probably would have added next week anyway but this feels like a good time with market on a big run and some decent premiums this week.
Bought SPX Dec 2030 7100.0 Puts @ 740.00
Sold SPX Apr 28 2026 7150.0 Puts @ 19.00
SPX
Bought to Close SPX Apr 24 2026 7100.0 Puts @ .90 (sold for 41.25)
Bought to Close SPX Apr 24 2026 7125.0 Puts @ 2.10 (sold for 55.35)
Sold SPX Apr 27 2026 7125.0 Puts @ 20.90 and 22.10
Rolled SPX Apr 24 2026 7075.0 Puts to Apr 27 2026 7075.0 Puts @ 15.00 credit (47.00 total now)
Next Week!
Fasten your seat belts and put your helmets on! Wed the 29th Fed meeting and after hours earnings. Gonna be some great premium!
SPX
Same strikes (almost) all week in an unchanged market with VIX 20. Love it!
Rolled SPX Apr 23 2026 7075.0 Puts to Apr 24 2026 7075.0 Puts @ 8.00 credit (32.00 total now)
Rolled SPX Apr 23 2026 7100.0 Puts to Apr 24 2026 7100.0 Puts @ 10.50 credit (41.25 total now)
Rolled SPX Apr 23 2026 7125.0 Puts to Apr 24 2026 7125.0 Puts @ 12.00 credit (55.35 total now)
SPX
Rolled SPX Apr 22 2026 7075.0 Puts to Apr 23 2026 7075.0 Puts @ 9.40 credit (24.00 total now)
Rolled SPX Apr 22 2026 7075.0 Puts to Apr 23 2026 7100.0 Puts @ 16.15 credit (30.75 total now)
Rolled SPX Apr 22 2026 7125.0 Puts to Apr 23 2026 7125.0 Puts @ 11.50 credit (43.35 total now)
SPX
Bought to Close SPX Apr 21 2026 7025.0 Puts @ .95 (sold for 16.90)
Bought to Close SPX Apr 21 2026 7050.0 Puts @ 1.85 (sold for 23.80)
Sold SPX Apr 22 2026 7075.0 Puts @ 14.45 and 14.90
Sold SPX Apr 22 2026 7125.0 Puts @ 31.85
SPX
Rolled pre-market. Still well off the overnight lows. Mr. Market come and get ’em I dare ya!
Rolled SPX Apr 20 2026 7000.0 Puts to Apr 21 2026 7025.0 Puts @ 10.00 credit (16.90 total now)
Rolled SPX Apr 20 2026 7025.0 Puts to Apr 21 2026 7050.0 Puts @ 13.75 credit (23.75 total now)
SPX
Rolled SPX Dec 2030 7000.0 Puts to Dec 2030 7100.0 Puts @ 27.60 debit
SPX
Bought to Close SPX Apr 17 2026 6950.0 Puts @ .60 (sold for 17.75)
Bought to Close SPX Apr 17 2026 6950.0 Puts @ .60 (sold for 25.40)
Bought to Close SPX Apr 17 2026 6975.0 Puts @ .75 (sold for 38.95)
Bought to Close SPX Apr 17 2026 7000.0 Puts @ 1.35 (sold for 44.95)
Sold SPX Apr 20 2026 7000.0 Puts @ 6.90
Sold SPX Apr 20 2026 7025.0 Puts @ 10.00
SPX
Busy morning so all rolled pre-market.
Rolled SPX Apr 16 2026 6900.0 Puts to Apr 17 2026 6950.0 Puts @ 5.35 credit (17.75 total now)
Rolled SPX Apr 16 2026 6925.0 Puts to Apr 17 2026 6950.0 Puts @ 5.15 credit (25.40 total now)
Rolled SPX Apr 16 2026 6950.0 Puts to Apr 17 2026 6975.0 Puts @ 7.60 credit (38.95 total now)
Rolled SPX Apr 16 2026 6975.0 Puts to Apr 17 2026 7000.0 Puts @ 11.25 credit (44.95 total now)
SPX
I miss the good ‘ol days of VIX 30…..a week ago 🙂 🙂 🙂
Rolled SPX Apr 15 2026 6850.0 Puts to Apr 16 2026 6900.0 Puts @ 5.00 credit (12.40 total now)
Rolled SPX Apr 15 2026 6875.0 Puts to Apr 16 2026 6925.0 Puts @ 8.00 credit (20.25 total now)
Rolled SPX Apr 15 2026 6900.0 Puts to Apr 16 2026 6950.0 Puts @ 11.00 credit (31.35 total now)
Rolled SPX Apr 15 2026 6925.0 Puts to Apr 16 2026 6975.0 Puts @ 18.00 credit (33.70 total now)
SPX
SPX up 10 percent in two weeks. Let’s see if we can put a lid on it for awhile.
Did the regular positions pre-market (yay!!) and the ladder adjustments about an hour after the open. (boo!!)
Bought to Close SPX Apr 14 2026 6725.0 Puts @ .15 (sold for 14.05)
Bought to Close SPX Apr 14 2026 6775.0 Puts @ .25 (sold for 18.75)
Bought to Close SPX Apr 14 2026 6800.0 Puts @ .40 (sold for 27.60)
Sold SPX Apr 15 2026 6850.0 Puts @ 7.40
Sold SPX Apr 15 2026 6875.0 Puts @ 12.25
Sold SPX Apr 15 2026 6900.0 Puts @ 20.00
Moving the ladder into my daily sales by just adding another rung.
Bought to Close SPX Apr 14 2026 6700.0 Put @ .15 (sold for 24.00)
Bought to Close SPX Apr 15 2026 6700.0 Put @ .80 (sold for 29.60)
Bought to Close SPX Apr 16 2026 6675.0 Put @ 1.75 (sold for 30.35)
Bought to Close SPX Apr 17 2026 6675.0 Put @ 3.30 (sold for 33.10)
Bought to Close SPX Apr 20 2026 6700.0 Put @ 6.70 (sold for 49.50)
Sold SPX Apr 15 2026 6925.0 Puts @ 15.70
SPX
Rolled SPX Apr 13 6725.0 Puts to Apr 14 6725.0 Puts @ 7.00 credit (13.80 total now)
Rolled SPX Apr 13 6750.0 Puts to Apr 14 6775.0 Puts @ 9.25 credit (18.75 total now)
Rolled SPX Apr 13 6775.0 Puts to Apr 14 6800.0 Puts @ 14.00 credit (27.60 total now)
Ladder:
Rolled SPX Apr 13 6700.0 Put to Apr 20 6700.0 Put @ 30.00 credit (49.50 total now)
SPX
Another round:
Bought to Close SPX Apr 10 6700.0 Puts @ .35 (sold for 5.25)
Bought to Close SPX Apr 10 6725.0 Puts @ .60 (sold for 7.25)
Bought to Close SPX Apr 10 6750.0 Puts @ 1.00 (sold for 10.85)
Sold SPX Apr 13 6725.0 Puts @ 6.60
Sold SPX Apr 13 6750.0 Puts @ 9.35
Sold SPX Apr 13 6775.0 Puts @ 13.00
Adding:
Bought SPX Dec 2030 6900.00 Puts @ 760.00
Sold SPX Apr 13 6725.0 Put @ 7.60
Sold SPX Apr 13 6750.0 Put @ 10.00
Sold SPX Apr 13 6775.0 Puts @ 14.00
SPX
Rolling up the entire ladder.
Rolled SPX Apr 13 6625.0 Put to Apr 13 6700.0 Put @ 5.00 credit (19.50 total now)
Rolled SPX Apr 14 6625.0 Put to Apr 14 6700.0 Put @ 6.50 credit (24.00 total now)
Rolled SPX Apr 15 6625.0 Put to Apr 15 6700.0 Put @ 8.00 credit (29.60 total now)
Rolled SPX Apr 16 6625.0 Put to Apr 16 6675.0 Put @ 5.25 credit (30.35 toal now)
Rolled SPX Apr 17 6600.0 Put to Apr 17 6675.0 Put @ 8.10 credit (33.10 toal now)
SPX
Bought to Close SPX Apr 09 6675.0 Puts @ .25 (sold for 7.50 and 8.50)
Bought to Close SPX Apr 09 6700.0 Puts @ .35 (sold for 11.00)
Sold SPX Apr 10 6700.0 Puts @ 5.25
Sold SPX Apr 10 6725.0 Puts @ 7.25
Sold SPX Apr 10 6750.0 Puts @ 10.85
SPX Final Numbers
Final numbers are in on the Traditional IRA. It was a long slow process but gradually building as gains accumulated turned it into a great setup. Couldn’t be happier with how these have performed through all the paper trading, experimenting live with tiny positions and then finally really going for it. Nice to see it’s all working about how I imagined in up, down, and sideways markets. Let’s keep going!!
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
3 added in Feb 2026
Lots of various sized roll ups (23 total) eventually getting everything to 7000 strike in 2030 expiration.
====================
Total Cost:
937858.45
Total credit to close LEAPS:
885019.00
Loss on LEAPS:
-52839.45
Total premium received:
918083.85
====================
Net gain:
865244.40
====================
SPY
Another quickie.
Bought to Close SPY May 15 2026 600.0 Puts @ 2.14 (sold for 4.90)
Bought to Close SPY May 15 2026 610.0 Puts @ 2.60 (sold for 6.00)
Bought to Close SPY May 15 2026 620.0 Puts @ 3.20 (sold for 8.00)
SPX
I thought this loser deserved it’s own post. Thank you for taking the heat!!!
Bought to Close SPX Apr 17 2026 6700/6705 Bear Call Spreads @ 3.80 (sold for 1.45)
SPX
Monumental day in SPX. Closed all short puts booking the gains and resetting everything. This includes finally getting out of my last 3 positions in the Traditional IRA. Roth conversion can be completed now and all gains going forward will be tax free!!!
Bought to Close SPX Apr 08 6450.0 Put @ .30 (sold for 92.50)
Bought to Close SPX Apr 08 6525.0 Put @ .55 (sold for 106.15)
Bought to Close SPX Apr 08 6525.0 Puts @ .50 (sold for 96.35)
Bought to Close SPX Apr 09 6500.0 Put @ 1.15 (sold for 145.60)
Bought to Close SPX Apr 10 6450.0 Put @ 1.75 (sold for 102.85)
Bought to Close SPX Apr 10 6500.0 Puts @ 2.15 (sold for 90.35)
Bought to Close SPX Apr 10 6500.0 Puts @ 2.15 (sold for 65.25)
Bought to Close SPX Apr 13 6500.0 Put @ 4.10 (sold for 42.00)
Bought to Close SPX Apr 17 6700.0 Put @ 38.90 (sold for 135.60)
Bought to Close SPX Apr 17 6730.0 Puts @ 46.50 (sold for 56.40)
Sold to Close SPX Dec 2030 7000.0 Puts @ 800.00
And reloading:
Sold SPX Apr 09 6675.0 Puts @ 7.50 and 8.50
Sold SPX Apr 09 6700.0 Puts @ 11.00
New Ladder:
Sold SPX Apr 13 6625.0 Put @ 14.50
Sold SPX Apr 14 6625.0 Put @ 17.50
Sold SPX Apr 15 6625.0 Put @ 21.60
Sold SPX Apr 16 6625.0 Put @ 25.10
Sold SPX Apr 17 6600.0 Put @ 25.00
SPX
These filled 90 seconds apart. Amazing what small moves in SPX will do when everyone is so jumpy. 🙂 🙂
Rolled SPX Apr 07 6575.0 Put to Apr 08 6525.0 Put @ 8.50 credit (106.15 total now)
Rolled SPX Apr 07 6575.0 Puts to Apr 08 6525.0 Puts @ 9.50 credit (96.35 total now)
SPY
Reloading out in May:
Sold SPY May 15 2026 600.0 Puts @ 4.90
Sold SPY May 15 2026 610.0 Puts @ 6.00
Sold SPY May 15 2026 620.0 Puts @ 8.00
SPX
Adding:
Sold SPX Apr 17 2026 6700/6705 Bear Call Spreads @ 2.00
SPX
Friday was supposed to be my ladder roll to the 17th but let’s have some fun. Closing tomorrow a day early and sending it out as protection for my Apr 17th 6700/6705 Bear Call Spreads.
Bought to Close SPX Apr 07 6500.0 Put @ 5.10 (sold for 99.30)
Sold SPX Apr 17 2026 6700.0 Put @ 135.60
SPX
Ladder:
Sold SPX Apr 13 6500.0 Put @ 42.00
SPX
Rolled SPX Apr 06 6600.0 Put to Apr 07 6575.0 Put @ 5.00 credit (97.65 total now)
Rolled SPX Apr 06 6600.0 Puts to Apr 07 6575.0 Puts @ 5.00 credit (86.85 total now)
Ladder:
Leaving uncovered until Trump starts talking. Hopefully a dip for nice fill on Apr 13th.
Bought to Close SPX Apr 06 6475.0 Put @ .55 (sold for 121.40)
SPY
Taking over half in a day.
Bought to Close SPY Apr 17 2026 605.0 Puts @ 1.25 (sold for 2.75)
Bought to Close SPY Apr 17 2026 610.0 Puts @ 1.55 (sold for 3.45)
Bought to Close SPY Apr 17 2026 615.0 Puts @ 1.76 (sold for 3.91)
Bought to Close SPY Apr 17 2026 620.0 Puts @ 2.14 (sold for 5.01)
Bought to Close SPY Apr 17 2026 625.0 Puts @ 2.85 (sold for 5.89)
SPY
Back in. That reload didn’t take long. LOL. Just going to April for now.
Sold SPY Apr 17 2026 605.0 Puts @ 2.75
Sold SPY Apr 17 2026 610.0 Puts @ 3.45
Sold SPY Apr 17 2026 615.0 Puts @ 3.91
Sold SPY Apr 17 2026 620.0 Puts @ 5.01
Sold SPY Apr 17 2026 625.0 Puts @ 5.89
SPY
Taking 40 percent 6 weeks early. Still plenty of time to reload.
Bought to Close SPY May 15 2026 595.0 Put @ 4.28 (sold for 9.63)
Bought to Close SPY May 15 2026 600.0 Put @ 4.75 (sold for 10.45)
Bought to Close SPY May 15 2026 605.0 Put @ 5.29 (sold for 10.40)
Bought to Close SPY May 15 2026 610.0 Put @ 5.88 (sold for 12.00)
Bought to Close SPY May 15 2026 615.0 Put @ 6.58 (sold for 12.25)
Bought to Close SPY May 15 2026 620.0 Put @ 7.25 (sold for 11.60)
Bought to Close SPY May 15 2026 625.0 Put @ 8.15 (sold for 14.45)
Bought to Close SPY May 15 2026 630.0 Put @ 9.10 (sold for 13.30)
Bought to Close SPY May 15 2026 640.0 Put @ 11.35 (sold for 15.30)
Bought to Close SPY May 15 2026 650.0 Put @ 14.10 (sold for 17.40)
AMZN
Taking the quickie.
Bought to Close AMZN May 01 2026 180.0 Put @ 2.38 (sold for 4.20)
SPX
Selling just inside the expected move and near my highest strike short puts. Come and get ’em!
Sold SPX Apr 17 6700/6705 Bear Call Spreads @ 1.20
SPX
Done for the week. Rolled everything on the bounce pre market. Every roll down and every credit is free money if we’re not having to roll LEAPS up! Could be a full year of this. 🙂 🙂 🙂
Rolled SPX Mar 30 6615.0 Put to Apr 06 6600.0 Put @ 4.50 credit (92.65 total now)
Rolled SPX Mar 30 6615.0 Puts to Apr 06 6600.0 Puts @ 4.50 credit (81.90 total now)
Rolled SPX Apr 02 6550.0 Put to Apr 10 6500.0 Put @ 7.05 credit (90.35 total now)
Rolled SPX Apr 02 6550.0 Put to Apr 10 6500.0 Put @ 7.05 credit (65.25 total now)
Ladder:
Rolled SPX Mar 30 6550.0 Put to Apr 07 6500.0 Put @ 9.40 credit (99.30 total now)
Rolled SPX Mar 31 6500.0 Put to Apr 08 6450.0 Put @ 25.00 credit (92.50 total now)
Rolled SPX Apr 01 6550.0 Put to Apr 09 6500.0 Put @ 8.00 credit (145.60 total now)
Rolled SPX Apr 02 6500.0 Put to Apr 10 6450.0 Put @ 17.00 credit (102.85 total now)
AMZN
Just for fun.
Sold AMZN May 01 2026 180.0 Put @ 4.20
SPY
Rolling the entire ladder to May to capture more of this high premium.
Rolled SPY Apr 17 2026 600.0 Put to May 15 2026 600.0 Put @ 5.45 credit (10.45 total now)
Rolled SPY Apr 17 2026 605.0 Put to May 15 2026 605.0 Put @ 5.67 credit (10.42 total now)
Rolled SPY Apr 17 2026 610.0 Put to May 15 2026 610.0 Put @ 5.90 credit (12.00 total now)
Rolled SPY Apr 17 2026 615.0 Put to May 15 2026 615.0 Put @ 6.10 credit (12.25 total now)
Rolled SPY Apr 17 2026 620.0 Put to May 15 2026 620.0 Put @ 6.20 credit (11.60 total now)
Rolled SPY Apr 17 2026 625.0 Put to May 15 2026 625.0 Put @ 6.25 credit (14.46 total now)
Rolled SPY Apr 17 2026 630.0 Put to May 15 2026 630.0 Put @ 6.25 credit (13.31 total now)
Rolled SPY Apr 17 2026 640.0 Put to May 15 2026 640.0 Put @ 6.15 credit (15.30 total now)
Rolled SPY Apr 17 2026 650.0 Put to May 15 2026 650.0 Put @ 5.80 credit (17.43 total now)
Rolled SPY Apr 17 2026 350.0 Puts to May 15 2026 360.0 Puts @ .35 debit
Sold SPY May 15 2026 595.0 Put @ 9.63
If I were to take assignment at these levels basis would be 606.35
SPX
Rolled SPX Mar 27 6580.0 Puts to Apr 02 6550.0 Puts @ 6.50 credit (83.30 total now)
Rolled SPX Mar 27 6580.0 Puts to Apr 02 6550.0 Puts @ 6.50 credit (58.20 total now)
Ladder:
Rolled SPX Mar 27 6525.0 Put to Apr 06 6475.0 Put @ 31.15 credit (121.45 total now)
SPY
Added one more:
Sold SPY Apr 17 2026 605.0 Put @ 4.75
SPY
Filling in some more of the ladder.
Sold SPY Apr 17 2026 615.0 Put @ 6.15
Sold SPY Apr 17 2026 625.0 Put @ 8.21
SPX
Rolled SPX Mar 26 6600.0 Puts to Mar 27 6580.0 Puts @ 5.65 credit (51.70 total now)
Rolled SPX Mar 26 6600.0 Puts to Mar 27 6580.0 Puts @ 5.65 credit (76.80 total now)
Rolled SPX Mar 27 6650.0 Puts to Mar 30 6615.0 Puts @ .25 credit (88.15 total now)
Ladder:
Rolled SPX Mar 26 6550.0 Put to Apr 02 6500.0 Put @ 52.50 credit (85.85 total now)
SPX
Bought to Close SPX Apr 17 7000/7005 Bear Call Spreads @ .35 (sold for 1.40)
SPX
Rolled SPX Mar 25 6615.0 Puts to Mar 26 6600.0 Puts @ 10.00 credit (46.05 total now)
Rolled SPX Mar 25 6615.0 Puts to Mar 26 6600.0 Puts @ 10.00 credit (71.15 total now)
Ladder:
Rolled SPX Mar 25 6550.0 Put to Apr 01 6550.0 Put @ 60.00 credit (137.65 total now)
Rolled SPX Mar 27 6450.0 Put to Mar 27 6525.0 Put @ 12.00 credit (90.30 total now)
Options Bistro 