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.

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

Thought you guys might get a kick out of this. I’m out in Wyoming and drove from Cody to Yellowstone to Jackson Hole. Just a little north of the town of Jackson Hole I saw this place that sounded familiar. Stopped and searched online and found this is their secret hideout. Had to go in and snoop around a little. 🙂 🙂 I think I spotted JP sitting out on the patio. Lots of old guys that looked like they were trying to blend in. Nice place too!! The big pow wow starts Thursday.

Rolled these early in the pre market and forgot to post. Out all day today.

Rolled SPX Aug 24 2026 7700.0 Put to Aug 28 2026 7675.0 Put @ 11.00 credit
Rolled SPX Aug 24 2026 7675.0 Put to Aug 28 2026 7650.0 Put @ 18.50 credit

Just for fun. Try to do this every week until Oct 16th. Earnings probably early Nov.

Sold SPCX Aug 28 2026 125.0 Puts @ 1.20

Against:

Bought to Open SPCX Oct 16 2026 70.0 Puts @ .23

Taking the dailies down and out a week.

Rolled SPX Aug 21 2026 7775.0 Puts to Aug 28 2026 7760.0 Puts @ even
Rolled SPX Aug 21 2026 7765.0 Puts to Aug 28 2026 7750.0 Puts @ 4.00 credit
Rolled SPX Aug 21 2026 7750.0 Puts to Aug 28 2026 7730.0 Puts @ 5.50 credit
Rolled SPX Aug 21 2026 7740.0 Puts to Aug 28 2026 7720.0 Puts @ 9.25 credit

Ladder:

Rolled SPX Aug 21 2026 7725.0 Puts to Aug 27 2026 7700.0 Puts @ 8.35 credit
Rolled SPX Aug 21 2026 7700.0 Puts to Aug 27 2026 7675.0 Puts @ 17.25 credit

Just in case they’re needed.

Bought to Open SPY Oct 16 2026 400.0 Puts @ .09

Just a couple in the ladder today.

Rolled SPX Aug 20 2026 7725.0 Put to Aug 26 2026 7700.0 Put @ 7.00 credit
Rolled SPX Aug 20 2026 7700.0 Put to Aug 26 2026 7675.0 Put @ 14.10 credit

Just a couple in the ladder today.

Bought to Close SPX Aug 19 2026 7650.0 Put @ .15 (sold for 13.80)
Bought to Close SPX Aug 19 2026 7675.0 Put @ .30 (sold for 18.50)

Sold SPX Aug 25 2026 7650.0 Put @ 16.50
Sold SPX Aug 25 2026 7675.0 Put @ 22.00

Roll to Friday:

Rolled SPX Aug 18 2026 7750.0 Puts to Aug 21 2026 7740.0 Puts @ 3.00 credit
Rolled SPX Aug 18 2026 7760.0 Puts to Aug 21 2026 7750.0 Puts @ even
Rolled SPX Aug 18 2026 7770.0 Puts to Aug 21 2026 7765.0 Puts @ 2.50 credit
Rolled SPX Aug 18 2026 7780.0 Puts to Aug 21 2026 7775.0 Puts @ even

And:

Roll to the day before NVDA earnings.

Rolled SPX Aug 18 2026 7825.0 Puts to Aug 25 2026 7825.0 Puts @ 1.15 credit

Copy/paste Friday.

Rolled SPX Aug 17 2026 7750.0 Puts to Aug 18 2026 7750.0 Puts @ 5.50 credit
Rolled SPX Aug 17 2026 7760.0 Puts to Aug 18 2026 7760.0 Puts @ 6.90 credit
Rolled SPX Aug 17 2026 7770.0 Puts to Aug 18 2026 7770.0 Puts @ 7.90 credit
Rolled SPX Aug 17 2026 7780.0 Puts to Aug 18 2026 7780.0 Puts @ 8.00 credit

And:

Rolled SPX Aug 17 2026 7825.0 Puts to Aug 18 2026 7825.0 Puts @ 1.10 credit

Ladder: (a day early)

Bought to Close SPX Aug 18 2026 7600.0 Put @ .35 (sold for 10.35)
Bought to Close SPX Aug 18 2026 7625.0 Put @ .40 (sold for 12.80)

Sold SPX Aug 24 2026 7675.0 Put @ 10.50
Sold SPX Aug 24 2026 7700.0 Put @ 14.10

Taking care of Monday’s ladder early.

Bought to Close SPX Aug 17 2026 7625.0 Put @ .55 (sold for 10.95)
Bought to Close SPX Aug 17 2026 7650.0 Put @ .75 (sold for 14.55)

Sold SPX Aug 21 2026 7700.0 Put @ 13.35
Sold SPX Aug 21 2026 7725.0 Put @ 17.75

Rolled SPX Aug 14 2026 7750.0 Puts to Aug 17 2026 7750.0 Puts @ 5.00 credit
Rolled SPX Aug 14 2026 7760.0 Puts to Aug 17 2026 7760.0 Puts @ 6.00 credit
Rolled SPX Aug 14 2026 7770.0 Puts to Aug 17 2026 7770.0 Puts @ 7.25 credit
Rolled SPX Aug 14 2026 7780.0 Puts to Aug 17 2026 7780.0 Puts @ 8.70 credit

And:

Rolled SPX Aug 14 2026 7825.0 Puts to Aug 17 2026 7825.0 Puts @ 6.15 credit

Daily:

Bought to Close SPX Aug 13 2026 7680.0 Puts @ .25 (sold for 4.15)
Bought to Close SPX Aug 13 2026 7690.0 Puts @ .25 (sold for 5.80)
Bought to Close SPX Aug 13 2026 7700.0 Puts @ .25 (sold for 7.10)
Bought to Close SPX Aug 13 2026 7710.0 Puts @ .30 (sold for 9.15)

Sold SPX Aug 14 2026 7750.0 Puts @ 4.10
Sold SPX Aug 14 2026 7760.0 Puts @ 5.10
Sold SPX Aug 14 2026 7770.0 Puts @ 6.70
Sold SPX Aug 14 2026 7780.0 Puts @ 8.80

Ladder:

Bought to Close SPX Aug 13 2026 7650.0 Put @ .15 (sold for 23.80)
Bought to Close SPX Aug 13 2026 7675.0 Put @ .20 (sold for 29.70)

Sold SPX Aug 20 2026 7700.0 Put @ 11.60
Sold SPX Aug 20 2026 7725.0 Put @ 15.50

LEAPs:

Rolled Dec 2030 7700 to 7800 @ 26.70 debit

Still waiting on the short 7800 puts….

Bought to Close SPX Aug 12 2026 7680.0 Puts @ .35 (sold for 10.85)
Bought to Close SPX Aug 12 2026 7685.0 Puts @ .55 (sold for 11.60)
Bought to Close SPX Aug 12 2026 7690.0 Puts @ .60 (sold for 13.00)
Bought to Close SPX Aug 12 2026 7710.0 Puts @ 1.55 (sold for 19.75)

Sold SPX Aug 13 2026 7680.0 Puts @ 4.15
Sold SPX Aug 13 2026 7690.0 Puts @ 5.80
Sold SPX Aug 13 2026 7700.0 Puts @ 7.10
Sold SPX Aug 13 2026 7710.0 Puts @ 9.15

Rolled SPX Aug 12 2026 7800.0 Puts to Aug 13 2026 7800.0 Puts @ 2.55 credit

Ladder:

Bought to Close SPX Aug 12 2026 7650.0 Put @ .20 (sold for 19.00)
Bought to Close SPX Aug 12 2026 7675.0 Put @ .30 (sold for 23.50)

Sold SPX Aug 19 2026 7650.0 Put @ 13.80
Sold SPX Aug 19 2026 7675.0 Put @ 18.50

Rolled SPX Aug 11 2026 7680.0 Puts to Aug 12 2026 7680.0 Puts @ 7.75 credit
Rolled SPX Aug 11 2026 7685.0 Puts to Aug 12 2026 7685.0 Puts @ 8.55 credit
Rolled SPX Aug 11 2026 7690.0 Puts to Aug 12 2026 7690.0 Puts @ 9.35 credit
Rolled SPX Aug 11 2026 7710.0 Puts to Aug 12 2026 7710.0 Puts @ 13.75 credit
Rolled SPX Aug 11 2026 7800.0 Puts to Aug 12 2026 7800.0 Puts @ 1.90 credit

Bringing the oddball last rung of my ladder in and adding it to my upside hedge crew. Shortens the ladder to 4 days but really helps with upside risk. As long as these are stuck in the money all is good since I’m keeping them at the same strike or higher as my LEAPs.

Bought to Close SPX Aug 14 2026 7650.0 Put @ 9.35 (sold for 26.65)

Sold SPX Aug 11 2026 7800.0 Put @ 47.35

Daily:

Bought to Close SPX Aug 10 2026 7670.0 Puts @ .60 (sold for 52.75)
Bought to Close SPX Aug 10 2026 7675.0 Puts @ .55 (sold for 21.40)
Bought to Close SPX Aug 10 2026 7680.0 Puts @ .65 (sold for 55.50)
Bought to Close SPX Aug 10 2026 7700.0 Puts @ 1.15 (sold for 23.00)

Sold SPX Aug 11 2026 7680.0 Puts @ 3.10
Sold SPX Aug 11 2026 7685.0 Puts @ 3.05
Sold SPX Aug 11 2026 7690.0 Puts @ 3.65
Sold SPX Aug 11 2026 7710.0 Puts @ 6.00

Ladder:

Bought to Close SPX Aug 10 2026 7625.0 Put @ .20 (sold for 20.90)
Bought to Close SPX Aug 10 2026 7650.0 Put @ .30 (sold for 27.00)
Bought to Close SPX Aug 11 2026 7550.0 Put @ .30 (sold for 15.00)
Bought to Close SPX Aug 11 2026 7575.0 Put @ .35 (sold for 19.00)

Sold SPX Aug 17 2026 7625.0 Put @ 10.95
Sold SPX Aug 17 2026 7650.0 Put @ 14.55
Sold SPX Aug 18 2026 7600.0 Put @ 10.35
Sold SPX Aug 18 2026 7625.0 Put @ 12.80

And:

Rolled SPX Aug 10 2026 7800.0 Puts to Aug 11 2026 7800.0 Puts @ 3.50 credit (46.15 total now)

Busy tomorrow so rolling everything to Monday.

Rolled SPX Aug 06 2026 7700.0 Puts to Aug 10 2026 7675.0 Puts @ 12.25 credit (21.40 total now)
Rolled SPX Aug 06 2026 7725.0 Puts to Aug 10 2026 7700.0 Puts @ 10.00 credit (23.00 total now)

Rolled SPX Aug 07 2026 7675.0 Puts to Aug 10 2026 7670.0 Puts @ 5.75 credit (52.75 total now)
Rolled SPX Aug 07 2026 7675.0 Puts to Aug 10 2026 7680.0 Puts @ 8.50 credit (55.50 total now)

Mr. Market I dare ya! :

Rolled SPX Aug 06 2026 7800.0 Puts to Aug 10 2026 7800.0 Puts @ 4.00 credit (42.65 total now)

Bought to Close SPX Aug 05 2026 7600.0 Puts @ .30 (sold for 4.60)
Bought to Close SPX Aug 05 2026 7625.0 Puts @ .50 (sold for 8.35)

Sold SPX Aug 06 2026 7700.0 Puts @ 9.15
Sold SPX Aug 06 2026 7725.0 Puts @ 13.00

Rolled SPX Aug 07 2026 7575.0 Puts to Aug 07 2026 7675.0 Puts @ 8.05 (47.05 total now)

Ladder:

Bought to Close SPX Aug 05 2026 7425.0 Put @ .10 (sold for 85.90)
Bought to Close SPX Aug 05 2026 7450.0 Put @ .10 (sold for 68.35)
Bought to Close SPX Aug 06 2026 7400.0 Put @ .35 (sold for 73.85)
Bought to Close SPX Aug 06 2026 7425.0 Put @ .40 (sold for 54.20)
Bought to Close SPX Aug 07 2026 7425.0 Put @ 1.00 (sold for 73.85)

Sold SPX Aug 12 2026 7650.0 Put @ 19.00
Sold SPX Aug 12 2026 7675.0 Put @ 23.50
Sold SPX Aug 13 2026 7650.0 Put @ 23.80
Sold SPX Aug 13 2026 7675.0 Put @ 29.70
Sold SPX Aug 14 2026 7650.0 Put @ 26.65

And finally:

Bought to Close SPX Aug 05 2026 7675.0 Puts @ 1.15 (sold for 25.35)

Sold SPX Aug 06 2026 7800.0 Puts @ 38.65

That was fun. Good enough. 2 for 2 in my SPCX career. 🙂 🙂

Bought to Close SPCX Aug 07 2026 110/125/130 Jade Lizards @ 4.45 (sold for 6.05)

Just for a little fun. Playing for a down move but above 110 and no risk to the upside.

Sold SPCX Aug 07 2026 110/125/130 Jade Lizards @ 6.05

Been walking this up all day. Got filled slightly better than normal. Last roll the mid was way too high so I ignored it and got a normal fill. This time the mid was way too low. Just have to ignore all that and plan on a fill anywhere from 25 to 28 debit.

Rolled Dec 2030 7600 to 7700 @ 26.50 debit.

Selling put spreads against my call spread hedges setting up iron flies. Got a shot at pinning but also reducing max loss on the positions. They’ve served me well on my short puts. 🙂 🙂

Sold SPX Aug 14 2026 7600/7595 Bull Put Spreads @ 1.30

Sold SPX Aug 21 2026 7550/7545 Bull Put Spreads @ 1.00

Bought to Close SPX Aug 04 2026 7500.0 Puts @ .20 (sold for 5.10)
Bought to Close SPX Aug 04 2026 7550.0 Puts @ .30 (sold for 11.25)

Sold SPX Aug 5 2026 7600.0 Puts @ 4.60
Sold SPX Aug 5 2026 7625.0 Puts @ 8.30

Ladder:

Bought to Close SPX Aug 04 2026 7425.0 Put @ .10 (sold for 101.10)
Bought to Close SPX Aug 04 2026 7450.0 Put @ .15 (sold for 70.45)

Sold SPX Aug 11 2026 7550.0 Put @ 15.00
Sold SPX Aug 11 2026 7575.0 Put @ 19.00

My soldiers on the front lines:

Bought to Close SPX Aug 4 2026 7625.0 Puts @ 2.30 (sold yesterday for 40.75 avg)

Sold SPX Aug 5 2026 7675.0 Puts @ 25.30

This might be more fun and effective. Selling two aggressively for upside help. Bringing the monthly into a daily sale.

Bought to Close SPX Aug 21 2026 7600.0 Put @ 75.50 (sold for 151.85)

Sold SPX Aug 4 2026 7625.0 Put @ 34.00

I currently have one short put that’s at the same strike as my long LEAPs and I roll it out a month at a time just to help with upside risk. As long as I have to keep rolling it the market is “capped” and everything else is free money since LEAPs aren’t needing rolled up. Adding another position but selling against it aggressively every day. I’ll call it the “floating cap” to really help with upside risk. The delta on it will be much higher than the longer term cap.

I’m sure there will come a time where I have to roll it more than a day but will try to keep it as close in time as possible.

Long story short: The goal is to have upside help so I can sell the big part of my positions slightly more conservatively day to day.

Great fill on the LEAP today BTW.

Bought SPX Dec 20 2030 7600.0 Put @ 725.00

Sold SPX Aug 4 2026 7625.0 Put @ 47.50

Been rolling these for quite awhile accumulating premium. Putting them all in the win column today.

Bought to Close SPX Aug 03 2026 7375.0 Puts @ .20 (sold for 154.95)
Bought to Close SPX Aug 03 2026 7400.0 Puts @ .25 (sold for 153.70)

Sold SPX Aug 4 2026 7500.0 Puts @ 5.10
Sold SPX Aug 4 2026 7550.0 Puts @ 11.25

Ladder:

Bought to Close SPX Aug 03 2026 7425.0 Put @ .35 (sold for 103.70)
Bought to Close SPX Aug 03 2026 7450.0 Put @ .50 (sold for 82.70)

Sold SPX Aug 10 2026 7450.0 Put @ 12.40
Sold SPX Aug 10 2026 7475.0 Put @ 16.00

Rolled SPX Jul 31 2026 7375.0 Puts to Aug 03 2026 7375.0 Puts @ 13.50 credit
Rolled SPX Jul 31 2026 7410.0 Puts to Aug 03 2026 7400.0 Puts @ 10.00 credit

Ladder:

Rolled SPX Jul 31 2026 7450.0 Puts to Aug 07 2026 7425.0 Puts @ 27.10 credit

Right at the open as SPY was running into 50 day resistance. Taking 50 percent in a couple days.

Bought to Close SPY Aug 21 2026 700.0 Put @ 1.43 (sold for 3.25)

Bought to Close SPY Aug 28 2026 695.0 Put @ 2.03 (sold for 4.25)
Bought to Close SPY Aug 28 2026 700.0 Put @ 2.35 (sold for 5.00)

Bought to Close SPY Sep 04 2026 680.0 Put @ 1.93 (sold for 4.00)
Bought to Close SPY Sep 04 2026 690.0 Put @ 2.43 (sold for 5.00)

Bought to Close SPY Sep 18 2026 670.0 Put @ 2.63 (sold for 5.00)
Bought to Close SPY Sep 18 2026 675.0 Put @ 2.90 (sold for 5.00)
Bought to Close SPY Sep 18 2026 680.0 Put @ 3.20 (sold for 5.50)

Come and get ’em!

Sold SPX Aug 21 2026 7550/7555 Bear Call Spreads @ 1.70

Pre-market rolls all out and down on the early bounce.

Rolled SPX Jul 30 2026 7400.0 Puts to Jul 31 2026 7375.0 Puts @ 1.00 credit
Rolled SPX Jul 30 2026 7425.0 Puts to Jul 31 2026 7410.0 Puts @ even

Rolled SPX Jul 31 2026 7505.0 Puts to Aug 07 2026 7495.0 Puts @ 2.00 credit

Ladder:

Rolled SPX Jul 30 2026 7450.0 Put to Aug 06 2026 7425.0 Put @ 9.75 credit
Rolled SPX Jul 30 2026 7425.0 Put to Aug 06 2026 7400.0 Put @ 20.00 credit

Last one.

Sold SPY Sep 18 2026 680.0 Put @ 5.50

EDIT:

One more 🙂 🙂

Sold SPY Sep 18 2026 670.0 Put @ 5.00

Added.

Sold SPX Aug 14 2026 7600/7605 Bear Call Spreads @ 1.40

That worked out pretty good. Sold premium on the morning drop and then got some decent rolls on the rip. Still mostly rolling down sacrificing some premium.

Rolled SPX Jul 29 2026 7450.0 Puts to Jul 30 2026 7425.0 Puts @ 2.00 credit
Rolled SPX Jul 29 2026 7425.0 Puts to Jul 30 2026 7400.0 Puts @ 4.25 credit

Ladder:

Rolled SPX Jul 29 2026 7475.0 Put to Aug 05 2026 7450.0 Put @ 15.00 credit
Rolled SPX Jul 29 2026 7450.0 Put to Aug 05 2026 7425.0 Put @ 26.00 credit

Adding.

Sold SPY Sep 04 2026 690.0 Put @ 5.00
Sold SPY Sep 04 2026 680.0 Put @ 4.00

Looking to add on more weakness.

Sold SPY Aug 28 2026 695.0 Put @ 4.25

Added:

Sold SPY Aug 28 2026 700.0 Put @ 5.00

Added:

Sold SPY Sep 18 2026 675.0 Put @ 5.00

Re-loading:

Sold SPX Aug 14 2026 7600/7605 Bear Call Spreads @ 1.40

Added @ 1.45 and 1.50

Why 7600? That’s a little inside the expected move and where my SPX short put cap is sitting with massive premium in it.

Taking half in a day.

Bought to Close SPX Aug 07 2026 7600/7605 Bear Call Spreads @ .70 (sold for 1.44)

Rolling out my long puts that I keep in inventory to sell against on dips.

Rolled SPY Aug 21 2026 400.0 Puts to Sep 18 2026 400.0 Puts @ .12 debit

And throwing a tiny starter out there at the 200 day.

Sold SPY Aug 21 2026 700.0 Put @ 3.25

Most fills pre-market. Happy Fed Day Eve!

Rolled SPX Jul 28 2026 7450.0 Puts to Jul 29 2026 7450.0 Puts @ 11.00 credit
Rolled SPX Jul 28 2026 7450.0 Puts to Jul 29 2026 7425.0 Puts @ 1.50 credit

Ladder:

Rolled SPX Jul 28 2026 7475.0 Put to Aug 04 2026 7450.0 Put @ 22.50 credit
Rolled SPX Jul 28 2026 7450.0 Put to Aug 04 2026 7425.0 Put @ 32.10 credit

Decent fill and premiums pick up a little next few days too.

Rolled SPX Jul 27 2026 7450.0 Puts to Jul 28 2026 7450.0 Puts @ 9.20 credit

Come and get ’em!

Sold SPX Aug 07 2026 7600/7605 Bear Call Spreads @ 1.45

EDIT: Added at 1.50

A couple pre-market rolls in the ladder. Waiting on the rest for awhile.

Rolled SPX Jul 27 2026 7450.0 Put to Aug 03 2026 7425.0 Put @ 34.50 credit
Rolled SPX Jul 27 2026 7475.0 Put to Aug 03 2026 7450.0 Put @ 35.00 credit

Bought to Close SPX Jul 31 2026 7600/7605 Bear Call Spreads @ .40 (sold for 1.58)

The white line is where we closed last Friday. Beautiful! (3 minute bars)

Taking 30 percent of max in a day (again) 🙂 🙂

Bought to Close SPY Aug 21 2026 700.0 Put @ 2.81 (sold for 4.10)
Bought to Close SPY Aug 21 2026 705.0 Put @ 3.29 (sold for 4.75)
Bought to Close SPY Aug 21 2026 710.0 Put @ 3.82 (sold for 5.37)

My long term look:

With the recent gradual roll downs how do things look?

Debit spreads currently:

01 7600-7425
15 7600-7450
03 7600-7475
10 7600-7505
01 7600-7600

Yes, account is down off all time highs a little now but at expiration these are all nicely profitable. Even in a worse case scenario backwardation there will always be somewhere to roll down for a credit even if it’s a year out.

I get questions about when I would consider closing the positions. My answer has always been my heir will close them when I’m gone but I’ve been thinking a little more about that.

Here’s the scenario where I might consider closing everything:

In a slow gradual dropping market allowing good rolling down of the daily sales there could possibly come a point where the LEAPS are worth exactly what I’ve paid for them (including roll ups). Then the market stabilizes without the V shaped recoveries we’ve been getting used to. At that point all the daily sales go worthless eventually. Then LEAPs are at breakeven and every bit of the premium I’ve received becomes 100 percent profit.

That is the situation where I would maybe consider closing everything.

Long story short, If the LEAPs are at breakeven and I’m out of all my daily sales I’d consider locking everything in and reloading on a bounce and VIX drop.

Pre-market rolls on the tiny bounce.

Rolled SPX Jul 24 2026 7530.0 Puts to Jul 31 2026 7505.0 Puts @ .05 credit

Rolled SPX Jul 24 2026 7475.0 Put to Jul 31 2026 7450.0 Put @ 23.80 credit

Filled on the tiny bounce right at the open.

Rolled SPX Jul 23 2026 7475.0 Puts to Jul 27 2026 7450.0 Puts @ 4.00 credit

And finishing up laddering the ladder.

Rolled SPX Jul 23 2026 7475.0 Put to Jul 30 2026 7450.0 Put @ 25.00 credit
Rolled SPX Jul 23 2026 7475.0 Put to Jul 30 2026 7425.0 Put @ 15.00 credit

Starter:

Sold SPY Aug 21 2026 710.0 Put @ 5.37
Sold SPY Aug 21 2026 705.0 Put @ 4.75
Sold SPY Aug 21 2026 700.0 Put @ 4.10

Pre-market rolls. Copy, paste yesterday except with better premiums with some big earnings on the horizon. Sideways chop is a beautiful thing! 🙂 🙂 🙂

Rolled SPX Jul 22 2026 7475.0 Puts to Jul 23 2026 7475.0 Puts @ 13.50 credit

And laddering my ladder.

Rolled SPX Jul 22 2026 7475.0 Put to Jul 29 2026 7450.0 Put @ 29.25 credit
Rolled SPX Jul 22 2026 7475.0 Put to Jul 29 2026 7475.0 Put @ 37.90 credit

Copy, paste yesterday.

Rolled SPX Jul 21 2026 7475.0 Puts to Jul 22 2026 7475.0 Puts @ 10.00 credit

And laddering my ladder.

Rolled SPX Jul 21 2026 7475.0 Put to Jul 28 2026 7450.0 Put @ 26.25 credit
Rolled SPX Jul 21 2026 7475.0 Put to Jul 28 2026 7475.0 Put @ 35.50 credit

Starter.

Sold SPX Jul 31 2026 7600/7605 Bear Call Spreads @ 1.50

Rolled SPX Jul 20 2026 7475.0 Puts to Jul 21 2026 7475.0 Puts @ 10.00 credit

And laddering my ladder.

Rolled SPX Jul 20 2026 7475.0 Put to Jul 27 2026 7450.0 Put @ 29.25 credit
Rolled SPX Jul 20 2026 7475.0 Put to Jul 27 2026 7475.0 Put @ 37.75 credit