Quick summary.

Out of SNOW synthetic long and XLU synthetic short. Losses on both took about 30 percent of my BA gains but really simplifies everything. End of year house cleaning with ultimate goal of nothing but SPX, SPY, and VXX positions.

Happily out after riding it all the way down and being aggressive on the way up.

Closed BA Dec 18 2026 175/175/100 Synthetic Stock @ 18.00 credit (basis 6.15 debit)

Bought to Close BA Jan 24 2025 165.0 Calls @ 14.20 (sold for 2.35)

Gain on synthetic and loss on call sales is a wash.

Money made here:

Bought to Close BA Dec 20 2024 160.0 Puts @ .17 (sold for 8.65)
Bought to Close BA Dec 20 2024 160.0 Puts @ .17 (sold for 10.80)

Keep going sideways until I have to roll down.

Rolled SPX Dec 13 2024 6070.0 Puts to Dec 16 2024 6070.0 Puts @ 2.90 credit (13.50 total now)

Rolled SPX Dec 12 2024 6070.0 Puts to Dec 13 2024 6070.0 Puts @ 6.00 credit (10.60 toal now)

Gotta love it. Six straight days of chopping around the 6070 level. Let’s do it for six more months! LOL

Bought to Close SPX Dec 11 2024 6070.0 Puts @ .35 (sold for 30.60)

Sold SPX Dec 12 2024 6070.0 Puts @ 4.60

Been gradually adding to my lottery ticket. Enter at your own risk!

Owned a bunch at 1.70 forever. Added a little more at 2.00. Will buy dips below 2.00 until reaching my limit. Could go to zero or 10.

I remember Bitcoin at 20 and thought it had no chance. I’m still not a believer but want to be involved with defined risk if we get another run on a cheap one.

Starting a new ladder at the 50 day and lower.

Sold SPY Jan 17 2025 580.0 Put @ 3.05
Sold SPY Jan 17 2025 585.0 Put @ 3.70

Rolling short calls again out to the week before earnings. Still short a bunch of Dec 20 160 strike puts.

Rolled BA Jan 10 2025 160.0 Calls to Jan 24 2025 165.0 Calls @ 1.10 debit (2.35 total now)

Keep rolling sideways as long as the premium is still there.

Rolled SPX Dec 10 2024 6070.0 Puts to Dec 11 2024 6070.0 Puts @ 6.50 credit (30.75 total now)

Rolled SPX Dec 09 2024 6070.0 Puts to Dec 10 2024 6070.0 Puts @ 6.00 credit (24.15 total now)

Staying a little inside the expected move until something changes.

Rolled SPX Dec 06 2024 6065.0 Puts to Dec 09 2024 6070.0 Puts @ 5.50 credit (18.15 total now)

Rolling the rest of the short puts up. 160 short calls need all the help they can get.

Rolled BA Dec 20 2024 155.0 Puts to Dec 20 2024 160.0 Puts @ 2.40 credit (8.65 total now)

Not a lot of premium left today so rolling early.

Rolled SPX Dec 05 2024 6055.0 Puts to Dec 06 2024 6065.0 Puts 7.25 credit (12.65 total now)

Been getting a lot of requests so hopefully this explains things. My first try at something like this.

Critiques or corrections requested. Don’t want to redo anything though. LOL

Another round. Selling tomorrow just inside the expected move.

Bought to Close SPX Dec 04 2024 6035.0 Puts @ .40 (sold for 6.65)

Sold SPX Dec 05 2024 6055.0 Puts @ 5.40

Staying aggressive. IV picks up a little on Thur and Fri in case a roll is needed.

Bought to Close SPX Dec 03 2024 6025.0 Puts @ .35 (sold for 5.00)
Bought to Close SPX Dec 03 2024 6030.0 Put @ .55 (sold for 5.50)

Sold SPX Dec 04 2024 6035.0 Puts @ 6.65

Bought to Close SPX Dec 02 2024 6015.0 Puts @ .35 (sold for 22.95)
Bought to Close SPX Dec 02 2024 6020.0 Put @ .40 (sold for 26.35)

Sold SPX Dec 03 2024 6025.0 Puts @ 5.00
Sold SPX Dec 03 2024 6030.0 Put @ 5.50

A couple adjustments this morning.

Rolled BA Dec 20 2024 155.0 Calls to Jan 10 2025 160.0 Calls @ .05 debit (3.45 total now)

Rolled SPX Dec 02 2024 6005.0 Puts to Dec 02 2024 6015.0 Puts @ 2.00 credit (22.95 total now)
Rolled SPX Dec 02 2024 6010.0 Put to Dec 02 2024 6020.0 Put @ 2.40 credit (26.35 total now)

Taking these out to Monday in case I get busy Friday.

Rolled SPX Nov 27 2024 6005.0 Puts to Dec 02 2024 6005.0 Puts @ 10.50 credit (20.95 total now)
Rolled SPX Nov 27 2024 6010.0 Put to Dec 02 2024 6010.0 Puts @ 9.00 credit (23.90 total now)

Filled on the little dip.

Bought to Close SPX Nov 26 2024 6000.0 Puts @ 1.95 (sold for 43.85)

Sold SPX Nov 27 2024 6005.0 Puts @ 10.45

Adding another synthetic short position in a different account.

SPX Dec 2029 6000/6000/6400 @ 305.0 debit

And:

Sold SPX Nov 27 2024 6010.0 Put @ 14.90

Taking around 50 to 60 percent of max in 10 days.

Bought to Close SPY Dec 20 2024 560.0 Put @ 1.24 (sold for 3.43)
Bought to Close SPY Dec 20 2024 565.0 Put @ 1.48 (sold for 3.35)

Bought to Close SPY Jan 17 2025 540.0 Put @ 1.84 (sold for 3.42)
Bought to Close SPY Jan 17 2025 550.0 Put @ 2.32 (sold for 4.36)

Hoping for a long drawn out battle for 6000 for the next month or two. LOL

Rolled SPX Nov 25 2024 5995.0 Puts to Nov 26 2024 6000.0 Puts @ 10.25 credit (43.85 total now)

Rolled BA Dec 20 2024 155.0 Puts to Dec 20 2024 160.0 Puts @ 3.50 credit (10.80 total now)

Rolled SPX Nov 22 2024 6000.0 Puts to Nov 25 2024 5995.0 Puts @ 1.00 credit (33.60 total now)

Out for a week for a wedding but back now!

Bought to Close SNOW Nov 22 2024 125.0 Puts @ .05 (sold for 4.50)

Driving all day but stopped for a roll.

Rolled SPX Nov 14 2024 6000.0 Puts to Nov 15 2024 6000.0 Puts @ 1.75 credit (32.15 total now)

Rolled SPX Nov 13 2024 6000.0 Puts to Nov 14 2024 6000.0 Puts @ 8.00 credit (30.40 total now)

This might slow down the craziness. LOL

Rolled SPX Nov 12 2024 5975.0 Puts to Nov 13 2024 6000.0 Puts @ 17.00 credit (22.40 total now)

Synthetic long stock battling to get back to even.

Bought to Close BA Nov 15 2024 165.0 Calls @ .09 (sold for 1.93)
Sold BA Dec 20 2024 165.0 Calls @ 2.21

LEAPS position was 175/175/135 synthetic long with disaster puts. Rolling down the disaster puts for more credit.

Rolled BA Dec 18 2026 135.0 Puts to Dec 18 2026 100.0 Puts @ 9.70 credit

Rally finally losing a little steam. I wouldn’t mind sideways for awhile.

Bought to Close SPX Nov 11 2024 5945.0 Puts @ .35 (sold for 12.75)

Sold SPX Nov 12 2024 5975.0 Puts @ 5.40

Rolled right at the open to start capturing the weekend premium.

Rolled SPX Nov 08 2024 5925.0 Puts to Nov 11 2024 5945.0 Puts @ 5.75 credit (12.75 total now)

Sold againt synthetic short stock.

Rolled VXX Nov 08 2024 54.0 Puts to Dec 20 2024 51.0 Puts @ .75 debit (1.45 toal now)

Small roll up for additional credit.

Rolled BA Nov 15 2024 150.0 Puts to Nov 15 2024 152.5 Puts @ 1.15 credit (3.85 total now)

Selling tomorrow near yesterday’s high and the expected move.

Bought to Close SPX Nov 07 2024 5875.0 Puts @ .40 (sold for 11.50)

Sold SPX Nov 08 2024 5925.0 Puts @ 7.00

Not sure what I’ll use these for but it seems like a good day to do it.

Bought to Open SPX Dec 19 2025 1000.0 Puts @ 1.60

Wouldn’t mind these new ones taking some heat tomorrow. C’mon JP!

Bought to Close SPX Nov 06 2024 5825.0 Puts @ .25 (Sold for 30.60)

Sold SPX Nov 07 2024 5875.0 Puts @ 11.50

Taking these early on the bounce.

Bought to Close SPY Nov 15 2024 555.0 Put @ .50 (sold for 2.90)

Bought to Close SPY Dec 20 2024 510.0 Put @ .98 (sold for 3.00)
Bought to Close SPY Dec 20 2024 510.0 Put @ .97 (sold for 3.27)
Bought to Close SPY Dec 20 2024 520.0 Put @ 1.20 (sold for 3.15)
Bought to Close SPY Dec 20 2024 525.0 Put @ 1.40 (sold for 4.37)
Bought to Close SPY Dec 20 2024 530.0 Put @ 1.60 (sold for 3.47)

Rolling down but taking a little premium too. Might still have good premium post election with the Fed coming.

Rolled SPX Nov 05 2024 5835.0 Puts to Nov 06 2024 5825.0 Puts @ 4.50 credit (30.60 total now)

I think the vote will pass this time.

Rolled BA Nov 15 2024 145.0 Puts to Nov 15 2024 155.0 Puts @ 3.40 credit (5.40 total now)

And:

Sold BA Nov 15 2024 150.0 Puts @ 2.70

Selling against synthetic stock. Goal is to get out at even at some point.

Bought to Close SNOW Nov 01 2024 117.0 Calls @ .23 (sold for 2.65)

Sold SNOW Nov 08 2024 117.0 Calls @ 3.08

Another round.

Bought to Close VXX Nov 01 2024 53.0 Puts @ .05 (sold for 1.60)

Sold VXX Nov 08 2024 54.0 Puts @ 2.20

Straight roll. See if we get any sort of follow through on Mon or Tue.

Rolled SPX Nov 01 2024 5835.0 Puts to Nov 05 2024 5835.0 Puts @ 1.50 credit (26.10 total now)

Lottery ticket:

Bought Nov 01 2024 175/180/185 put butterfly @ .60

Add to Dec ladder.

Sold SPY Dec 20 2024 510.0 Put @ 3.00

Adding to synthetic short one more time.

VXX Jan 16 2026 55/55/85 @ 13.50 debit.

And:

Sold VXX Nov 08 2024 54.0 Puts @ 2.05

IV and expected moves between today and Friday of election week. Highest I have ever seen. Mind blowing put premiums.

Selling against synthetic stock.

Bought to Close SNOW Oct 25 2024 117.0 Calls @ .10 (sold for 3.85)

Sold SNOW Nov 01 2024 117.0 Calls @ 2.65

Selling against synthetic shorts. Staying aggressive. Plenty of nice IV to roll into during election week if needed.

Bought to Close VXX Oct 25 2024 52.5 Puts @ .14 (sold for .88, 1.30, 1.40, 4.50)

Sold VXX Nov 01 2024 53.0 Puts @ 1.59

Reloading.

Sold BA Nov 15 2024 145.0 Puts @ 2.03

Bought to Close BA Oct 25 2024 152.5 Puts @ .05 (sold for 1.57)

Still have a synthetic stock position I’m selling against.

Bought to Close TLT Nov 01 2024 97.5 Calls @ .03 (sold for .38)

Sold TLT Nov 08 2024 95.5 Calls @ .61

I’ll take it. LOL

Bought to Close TSLA Dec 20 2024 160.0 Puts @ .58 (sold for 1.95)

Rolling out to next Friday. Down a little but going for extra premium.

Rolled SPX Oct 23 2024 5845.0 Puts to Nov 01 2024 5835.0 Puts @ 10.00 credit (24.60 total now)

Adding to synthetic short again. Turning into a decent sized position. A bunch of short puts sitting at 52.50 for Friday. Be nice not to have to roll again.

VXX Jan 16 2026 55/55/85 @ 15.00 debit.

And:

Sold VXX Oct 23 2024 52.5 Puts @ .88

Adding below the 200 day.

Sold SPY Dec 20 2024 520.0 Put @ 3.15

Just for fun. Earnings on the 29th.

Sold MCD Nov 15 2024 305/300 Bull Put Spread @ 2.60

Early on this but might get a pop if the contract offer passes.

Rolled BA Oct 25 2024 152.5 Calls to Dec 20 2024 165.0 Calls @ .30 debit (3.00 total now)

Out to Dec and down at the 200 day. Looking to add lower.

Sold SPY Dec 20 2024 530.0 Put @ 3.47

Be out most of the day so an early roll today.

Rolled SPX Oct 22 2024 5850.0 Puts to Oct 23 2024 5845.0 Puts @ 3.00 credit (14.60 total now)

Setting up a synthetic covered straddle for earnings. Short 152.5 calls so adding the put side.

Sold BA Oct 25 2024 152.5 Puts @ 1.57

Roll to tomorrow and down a strike.

Rolled SPX Oct 21 2024 5855.0 Puts to Oct 22 2024 5850.0 Puts @ 2.65 credit (11.60 total now)

Starter at the 100 day. Hoping for more down at the 200 eventually.

Sold SPY Nov 15 2024 555.0 Put @ 2.90

And finally:

Sold SPX Oct 21 2024 5855.0 Puts @ 8.50 and 9.40

Last trade with my current positions. Reset everything to higher strikes. Took the profits and rolled them into the costs of the new positions. Detailed post coming on that later.

Bought to Close SPX Oct 18 2024 5850.00 Puts @ 1.00 (sold for 50.55)

A few.

BA: Rolling into earnings. Sold against synthetic stock.

Rolled BA Oct 18 2024 150.0 Calls to Oct 25 2024 152.5 Calls @ 1.20 credit (3.30 toal now)

SNOW: Sold against synthetic stock.

Rolled SNOW Oct 18 2024 115.0 Calls to Oct 25 2024 117.0 Calls @ .10 debit (3.80 total now)

SPX: Still working it. 5850 short puts for today’s expiration.

VXX: Sold against synthetic short stock.

Rolled VXX Oct 18 2024 53.0 Puts to Oct 25 2024 52.5 Puts @ .35 credit (1.30, 1.40, and 4.50 total now)

XBI: Taking nice gains early.

Bought to Close XBI Nov 01 2024 93.0 Puts @ .27 (sold for 1.30)

Bought to Close XBI Nov 15 2024 90.0 Puts @ .53 (sold for 1.33)

XLU: Sold against synthetic short stock.

Bought to Close XLU Oct 18 2024 77.5 Puts @ .01 (sold for .31)

Sold XLU Nov 15 2024 78.0 Puts @ .61

Closing synthetic longs with earnings approaching. I’ll re-load if we get a pullback.

Sold to Close AMZN Dec 18 2026 180/180/140 (and 10/18 180 short calls) @ 24.55 credit (bought for 20.35)

Taking these early.

Bought to Close TLT Nov 01 2024 90.0 Puts @ .14 (sold for .23)
Bought to Close TLT Nov 01 2024 91.0 Puts @ .21 (sold for .34)

I’ve been rolling up all month. Might as well go out in a blaze of glory. LOL Rolling up to yesterday’s high and a little inside the expected move.

Rolled SPX Oct 18 2024 5795.0 Puts to Oct 18 2024 5850.0 Puts @ 7.00 credit (50.55 total now)

(Too early)

I may close all positions and book the gains and re-center all the positions this week. We’ll see how it goes.

Rolled SPX Oct 18 2024 5775.0 Puts to Oct 18 2024 5795.0 Puts @ 3.10 credit (43.55 total now)

A few more.

Bought to Close VXX Oct 11 2024 53.0 Puts @ .05 (sold for 1.60)

Sold VXX Oct 18 2024 53.0 Puts @ .95

Sitting right at the expected move for next week and deltas starting to flip negative so rolling up to a little inside the expected move. Not a lot of data next week just retail sales and unemployment claims on Thursday.

Rolled SPX Oct 18 2024 5700.0 Puts to Oct 18 2024 5725.0 Puts @ 4.10 credit (37.00 total now)

Another round. Earnings on the 23rd.

Bought to Close BA Oct 11 2024 155.0 Calls @ .05 (sold for 2.45)

Sold BA Oct 18 2024 150.0 Calls @ 2.10