Taking over 30 percent of max in a day.
Bought to Close SPY Aug 21 2026 690.0 Put @ 2.43 (sold for 3.60)
Bought to Close SPY Aug 21 2026 695.0 Put @ 2.75 (sold for 4.20)
Bought to Close SPY Aug 21 2026 700.0 Put @ 3.10 (sold for 4.50)
Author Archives: fuzzballl
SPX
Done for the week.
Expiring:
SPX Jul 17 2026 7600/7605 Bear Call Spreads (sold for 1.58 average)
SPX Levels
Interesting day so far. The 20 day (yellow), 50 day (red), and bottom of the expected move for the week (white) were all clustered together. Pretty strong bounce from there after possibly taking out stops at the 50 day.
SPX
Rolled SPX Jul 17 2026 7475.0 Puts to Jul 20 2026 7475.0 Puts @ 12.50 credit
Rolled SPX Jul 17 2026 7550.0 Puts to Jul 24 2026 7530.0 Puts @ even
And keeping the lid on: 🙂 🙂
Coming up on two months that this has been in place. As long as I’m rolling it the LEAPs won’t need rolled so everything else is free money. It’s sitting at the same strike as the LEAPs.
Rolled SPX Jul 17 2026 7600.0 Put to Aug 21 2026 7600.0 Put @ 45.85 credit
SPY
On the opening dip:
Sold SPY Aug 21 2026 700.0 Put @ 4.50
Sold SPY Aug 21 2026 695.0 Put @ 4.20
Sold SPY Aug 21 2026 690.0 Put @ 3.60
VIX
Bailed on the Whiz hedge at breakeven.
Sold to Close VIX Aug 19 2026 25/30 Bull Call Spreads @ .35 (bought for .35)
SPX
Rolled SPX Jul 16 2026 7550.0 Puts to Jul 17 2026 7550.0 Puts @ 12.00 credit
SPX
Market high VIX low time to add. Got filled at the same price as the last few times I’ve added.
Bought to Open SPX Dec 2030 7600.0 Puts @ 740.00
Using these to add to the ladder.
Sold SPX Jul 20 2026 7475.0 Put @ 10.00
Sold SPX Jul 21 2026 7475.0 Put @ 12.50
Sold SPX Jul 22 2026 7475.0 Put @ 15.50
Sold SPX Jul 23 2026 7475.0 Put @ 19.50
Sold SPX Jul 24 2026 7475.0 Put @ 23.00
SPX
Protecting my 7600/7605 Bear Call Spreads for Friday:
Rolled SPX Jul 15 2026 7525.0 Puts to Jul 16 2026 7550.0 Puts @ 11.00 credit
And:
Rolled SPX Jul 15 2026 7475.0 Put to Jul 22 2026 7475.0 Put @ 15.00 credit
Rolled SPX Jul 16 2026 7475.0 Put to Jul 23 2026 7475.0 Put @ 20.00 credit
SPX
Was hoping for a little afternoon weakness but never really got it.
Bought to Close SPX Jul 14 2026 7525.0 Puts @ .40 (sold for 22.80)
Sold SPX Jul 15 2026 7525.0 Puts @ 10.55
SPX
With the little down move today going to roll another rung of the ladder a day early.
Rolled SPX Jul 14 2026 7450.0 Put to Jul 21 2026 7475.0 Put @ 21.00
SPX
Rolled these pre-market.
Rolled SPX Jul 13 2026 7500.0 Puts to Jul 14 2026 7525.0 Puts @ 14.00
And the ladder roll.
Rolled SPX Jul 13 2026 7450.0 Put to Jul 20 2026 7475.0 Put @ 23.50
SPX
Been rolling these for quite awhile too. Put this in as a standing rolling order and got filled on the big spike down.
Bought to Close SPX Jul 10 2026 7490.0 Puts @ 1.35 (sold for 73.30)
Sold SPX Jul 13 2026 7500.0 Puts @ 8.85
SPX
Been rolling these for quite awhile.
Bought to Close SPX Jul 10 2026 7450.0 Puts @ .70 (sold for 81.70)
And the full five day ladder is back in place.
Sold SPX Jul 15 2026 7475.0 Put @ 15.70
Sold SPX Jul 16 2026 7475.0 Put @ 18.90
SPY
Taking almost 30 percent of max in a day.
Bought to Close SPY Aug 21 2026 695.0 Put @ 3.13 (sold for 4.65)
Bought to Close SPY Aug 21 2026 700.0 Put @ 3.54 (sold for 4.50)
VIX
Whiz trade just for fun.
Bought to Open VIX Aug 19 2026 25/30 Bull Call Spreads @ .35
SPY
Starter at the 200 day.
Sold SPY Aug 21 2026 695.0 Put @ 4.65
Sold SPY Aug 21 2026 700.0 Put @ 4.50
SPX
Been rolling these for awhile:
Bought to Close SPX Jul 06 2026 7455.0 Puts @ .20 (sold for 75.55)
Beginning of re-establishing the weekly ladder.
Sold SPX Jul 13 2026 7450.0 Put @ 16.50
Sold SPX Jul 14 2026 7450.0 Put @ 21.80
SPX
Rolled SPX Jul 02 2026 7475.0 Puts to Jul 06 2026 7455.0 Puts @ even
SPX
Adding one.
Sold SPX Jul 17 2026 7600/7605 Bear Call Spread @ 1.95
SPY
Taking well over half on the bounce.
Bought to Close SPY Jul 17 2026 685.0 Puts @ .90 (sold for 2.75)
Bought to Close SPY Jul 17 2026 690.0 Puts @ 1.05 (sold for 3.00)
Bought to Close SPY Jul 17 2026 695.0 Puts @ 1.27 (sold for 3.00)
Bought to Close SPY Jul 17 2026 700.0 Puts @ 1.53 (sold for 3.42)
Bought to Close SPY Jul 17 2026 705.0 Puts @ 1.87 (sold for 4.01)
Bought to Close SPY Jul 17 2026 710.0 Puts @ 2.30 (sold for 4.70)
SPX
Just to keep Mr. Market motivated 🙂 🙂
Adding:
Sold SPX Jul 17 2026 7600/7605 Bear Call Spreads @ 1.30
SPX
Another half roll.
Rolled SPX Jul 02 2026 7475.0 Puts to Jul 10 2026 7450.0 Puts @ 6.15 credit
SPX
Rolling half and half.
Rolled SPX Jul 02 2026 7505.0 Puts to Jul 10 2026 7490.0 Puts @ 1.00 credit
Rolled SPX Jul 02 2026 7505.0 Puts to Jul 17 2026 7475.0 Puts @ 3.45 credit
SPY
Adding.
Sold SPY Jul 17 2026 685.0 Puts @ 2.75
SPY
Adding.
Sold SPY Jul 17 2026 695.0 Puts @ 3.00
Sold SPY Jul 17 2026 690.0 Puts @ 3.00
XSP….More Volume Coming?
https://www.zerohedge.com/markets/cboe-debuts-prediction-market-sp-500-contracts
SPX
Short week next week. Rolling out and down to Thursday.
Rolled SPX Jun 26 2026 7500.0 Puts to Jul 02 2026 7475.0 Puts @ 1.50 credit
Rolled SPX Jun 26 2026 7525.0 Puts to Jul 02 2026 7505.0 Puts @ 1.50 credit
SPY
Here we go again.
Sold SPY Jul 17 2026 700.0 Puts @ 3.42
Sold SPY Jul 17 2026 705.0 Puts @ 4.02
Sold SPY Jul 17 2026 710.0 Puts @ 4.70
SPX
Here ya go Mr. Market!
Sold SPX Jul 17 2026 7600/7605 Bear Call Spreads @ 1.70
SPX
Rolled SPX Jun 23 2026 7525.0 Puts to Jun 26 2026 7520.0 Puts @ even
SPX
Rolled SPX Jun 22 2026 7525.0 Puts to Jun 23 2026 7525.0 Puts @ 9.00 credit
Market Closed Tomorrow
Just a heads up.
SPY
Taking the quickies right at the open.
Bought to Close SPY Jul 17 2026 690.0 Puts @ 1.73 (sold for 3.00)
Bought to Close SPY Jul 17 2026 695.0 Puts @ 2.00 (sold for 3.00)
Bought to Close SPY Jul 17 2026 700.0 Puts @ 2.20 (sold for 3.10)
Bought to Close SPY Jul 17 2026 705.0 Puts @ 2.65 (sold for 3.50)
SPX
Rolled pre-market. First step in re-establishing the weekly ladder.
Rolled SPX Jun 18 2026 7535.0 Puts to Jun 22 2026 7525.0 Puts @ 2.50 credit
Rolled SPX Jun 18 2026 7535.0 Puts to Jun 26 2026 7500.0 Puts @ 12.70 credit
SPY
More SPY fun.
Sold SPY Jul 17 2026 705.0 Puts @ 3.50
Sold SPY Jul 17 2026 700.0 Puts @ 3.10
Sold SPY Jul 17 2026 695.0 Puts @ 3.00
Sold SPY Jul 17 2026 690.0 Puts @ 3.00
SPCX
That was fun. One night stand. 🙂 🙂 🙂
Bought to Close SPCX Jul 17 2026 150.0 Put @ 4.40 (sold for 7.00)
SPCX
Couldn’t help myself. Had to do it just to say I did. 🙂 🙂
Sold SPCX Jul 17 2026 150.0 Put @ 7.00
SPX
They served their purpose. Thanks!
Bought to Close SPX Jun 18 2026 7450/7455 Bear Call Spreads @ 4.15 (sold for 1.50)
SPY
Booking 65 percent of max a month early.
Bought to Close SPY Jul 17 2026 650.0 Puts @ .70 (sold for 3.00)
Bought to Close SPY Jul 17 2026 660.0 Puts @ .83 (sold for 3.30)
Bought to Close SPY Jul 17 2026 670.0 Puts @ 1.00 (sold for 2.72)
Bought to Close SPY Jul 17 2026 680.0 Puts @ 1.23 (sold for 3.80)
Bought to Close SPY Jul 17 2026 690.0 Puts @ 1.60 (sold for 4.75)
Bought to Close SPY Jul 17 2026 700.0 Puts @ 2.08 (sold for 5.05)
Bought to Close SPY Jul 17 2026 705.0 Puts @ 2.48 (sold for 6.20)
SPY
Added on the little dip.
Sold SPY Jul 17 2026 705.0 Puts @ 6.20
SPX
Rolled SPX Jun 12 2026 7535.0 Puts to Jun 18 2026 7535.0 Puts @ 3.50 credit
Leaving the lid on:
Rolled SPX Jun 18 2026 7600.0 Put to Jul 17 2026 7600.0 Put @ 21.00 credit
And come and get ’em!
Sold SPX Jun 18 2026 7450/7455 Bear Call Spreads @ 1.50
SPY
More:
Sold SPY Jul 17 2026 690.0 Put @ 6.00
Sold SPY Jul 17 2026 680.0 Put @ 4.62
SPY
Adding.
Sold SPY Jul 17 2026 700.0 Put @ 7.62
SPY
Adding.
Sold SPY Jul 17 2026 660.0 Put @ 3.60
Sold SPY Jul 17 2026 650.0 Put @ 3.00
SPX
A quick double in 25 minutes. 🙂 🙂
Sold to Close SPX Jun 10 2026 7400/7375 Bear Put Spreads @ 15.00 (bought for 7.50)
And:
Sold SPY Jul 17 2026 670.0 Put @ 3.00
Sold SPY Jul 17 2026 660.0 Put @ 3.00
SPY
Adding.
Sold SPY Jul 17 2026 690.0 Put @ 4.54
Sold SPY Jul 17 2026 680.0 Put @ 3.75
SPX
Taking a shot just for fun.
Bought to Open SPX Jun 10 2026 7400/7375 Bear Put Spreads @ 7.50
SPY
Adding a few more to possibly sell against after CPI tomorrow.
Bought to Open SPY Jul 17 2026 400.0 Puts @ .07
SPX
Adding another SPX upside hedge. Whiz trade…
Bought to Open SPX Dec 19 2031 16000/18000 Bull Call Spread @ 31.50
SPX
All pre-market.
Out to Friday:
Rolled SPX Jun 08 2026 7550.0 Puts to Jun 12 2026 7535.0 Puts @ 1.75 credit
Keeping the upside hedge in place:
Rolled SPX Jun 08 2026 7600.0 Put to Jun 18 2026 7600.0 Put @ 13.00 credit
SPY
Adding.
Sold SPY Jul 17 2026 690.0 Put @ 3.71
Sold SPY Jul 17 2026 680.0 Put @ 3.00
Sold SPY Jul 17 2026 670.0 Put @ 2.45
SPY
Just for fun. Starter down near the 200 day. Sold against some long 400s I bought earlier for a few cents.
Sold SPY Jul 17 2026 700.0 Puts @ 3.75
SPX
Rolled SPX Jun 05 2026 7550.0 Puts to Jun 08 2026 7550.0 Puts @ 10.75 credit
Rolled SPX Jun 05 2026 7600.0 Put to Jun 08 2026 7600.0 Put @ 4.00 credit
SPX
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
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)
Options Bistro 