SPX SPY

Missed the morning dip. No other decent entries after that.

Bought to Close SPX Sep 19 2025 6500.0 Puts @ .35 (sold for 37.45)
Bought to Close SPX Sep 19 2025 6570.0 Puts @ .30 (sold for 4.00)
Bought to Close SPX Sep 19 2025 6575.0 Put @ .35 (sold for 6.00)
Bought to Close SPX Sep 19 2025 6580.0 Put .35 (sold for 5.30)
Bought to Close SPX Sep 19 2025 6585.0 Put @ .35 (sold for 5.80)
Bought to Close SPX Sep 19 2025 6590.0 Put @ .35 (sold for 6.00)
Bought to Close SPX Sep 19 2025 6600.0 Puts @ .40 (sold for 8.00)

Sold SPX Sep 22 2025 6600.0 Puts @ 3.80
Sold SPX Sep 22 2025 6605.0 Put @ 4.20
Sold SPX Sep 22 2025 6610.0 Put @ 4.90
Sold SPX Sep 22 2025 6615.0 Put @ 5.20
Sold SPX Sep 22 2025 6620.0 Put @ 7.00
Sold SPX Sep 22 2025 6625.0 Put @ 8.00
Sold SPX Sep 22 2025 6630.0 Put @ 7.20

================================

Bought to Close SPY Sep 19 2025 659.0 Puts @ .08 (sold for 1.11)

Sold SPY Sep 22 2025 660.0 Puts @ .78

SPX SPY

Triple witch tomorrow. Finally got a small drop to sell into.

Bought to Close SPX Sep 18 2025 6550.0 Puts @ .20 (sold for 14.50)
Bought to Close SPX Sep 18 2025 6575.0 Puts @ .25 (sold for 23.00)
Bought to Close SPX Sep 18 2025 6580.0 Puts @ .30 (sold for 24.25)
Bought to Close SPX Sep 18 2025 6600.0 Puts @ .50 (sold for 33.60)

Sold SPX Sep 19 2025 6570.0 Puts @ 4.00
Sold SPX Sep 19 2025 6575.0 Put @ 6.00
Sold SPX Sep 19 2025 6580.0 Puts @ 5.30
Sold SPX Sep 19 2025 6585.0 Put @ 5.80
Sold SPX Sep 19 2025 6590.0 Put @ 6.00
Sold SPX Sep 19 2025 6600.0 Puts @ 8.00

Still sitting on a 6500 @ 37.45 for tomorrow also.

Bought to Close SPY Sep 18 2025 658.0 Puts @ .04 (sold for 2.72)

Sold SPY Sep 19 2025 659.0 Puts @ 1.11

SPX SPY

Unemployment claims report tomorrow so still nice premiums. Straight roll across the board with the unchanged day today.

Rolled SPX Sep 17 2025 6550.0 Puts to Sep 18 2025 6550.0 Puts @ 8.00 credit (14.50 total now)
Rolled SPX Sep 17 2025 6575.0 Puts to Sep 18 2025 6575.0 Puts @ 12.00 credit (23.00 total now)
Rolled SPX Sep 17 2025 6580.0 Puts to Sep 18 2025 6580.0 Puts @ 12.00 credit (24.25 total now)
Rolled SPX Sep 17 2025 6600.0 Puts to Sep 18 2025 6600.0 Puts @ 15.00 credit (33.60 total now)

Rolled SPY Sep 17 2025 658.0 Puts to Sep 18 2025 658.0 Puts @ 1.25 credit (2.72 total now)

SPX

Some light maintenance on the rental houses. All positions at the same strikes now.

Rolled Jan 2029 6300 long puts up to Jan 2029 6400 puts
Rolled Jan 2029 6300/6700 BeCS to Jan 2029 6400/6800 BeCS

Net debit for the whole thing: 30.40 per house

SPX

Ready for Fed Day!

Bought to Close SPX Sep 16 2025 6580.0 Puts @ .25 (sold for 9.00)
Bought to Close SPX Sep 16 2025 6600.0 Puts @ 1.50 (sold for 13.00)

Sold SPX Sep 17 2025 6550.0 Puts @ 6.50
Sold SPX Sep 17 2025 6575.0 Puts @ 11.00
Sold SPX Sep 17 2025 6580.0 Puts @ 12.25
Sold SPX Sep 17 2025 6600.0 Puts @ 18.60

SPY

Another round.

Bought to Close SPY Sep 16 2025 658.0 Puts @ .07 (sold for 1.25)

Sold SPY Sep 17 2025 658.0 Puts @ 1.47

SPX

Trying to stir things up a little. Good premium to roll into on Wed if needed. Splitting the position up slightly.

Rolled SPX Sep 15 2025 6550.0 Puts to Sep 16 2025 6580.0 Puts @ 4.00 credit (9.00 total now)
Rolled SPX Sep 15 2025 6550.0 Puts to Sep 16 2025 6600.0 Puts @ 8.00 credit (13.00 total now)

SPX

One straggler out there.

Rolled SPX Sep 19 2025 6445.0 Put to Sep 19 2025 6500.0 Put @ 5.75 credit (37.50 total now)

SPX SPY

Another round.

Bought to Close SPX Sep 12 2025 6525.0 Puts @ .50 (sold for 11.75)

Sold SPX Sep 15 2025 6550.0 Puts @ 5.00

=================================

Bought to Close SPY Sep 12 2025 652.0 Puts @ .09 (sold for 1.38)

Sold SPY Sep 15 2025 655.0 Puts @ .71

SPY

Rolled SPY Sep 11 2025 650.0 Puts to Sep 12 2025 652.0 Puts @ .45 credit (1.39 total now)

SPX

Rolled SPX Sep 11 2025 6500.0 Puts to Sep 12 2025 6525.0 Puts @ 4.25 credit (11.75 total now)

NVDA TLT

Closed my TLT synthetic long @ 3.50 loss and closed NVDA synthetic short @ 2.15 profit. Just not really worth messing with. I’m down to just SPX and SPY now.

SPX SPY

Another round.

Bought to Close SPX Sep 10 2025 6460.0 Puts @ .50 (sold for 9.00)

Sold SPX Sep 11 2025 6500.0 Puts @ 7.50

=====================================================

Bought to Close SPY Sep 10 2025 647.0 Puts @ .09 (sold for 1.55)

Sold SPY Sep 11 2025 650.0 Puts @ .94

SPY

Rolled SPY Sep 09 2025 647.0 Puts to Sep 10 2025 647.0 Puts @ .75 credit (1.55 total now)

SPX

Rolled the last one at same strike.

Rolled SPX Sep 09 2025 6450.0 Puts to Sep 10 2025 6450.0 Puts @ 5.00 credit (8.50 total now)

SPX

Rolled all but one. Got a couple uncovered now.

Rolled SPX Sep 09 2025 6450.0 Puts to Sep 10 2025 6460.0 Puts @ 5.25 credit (8.75 total now)

SPX

Another round.

Bought to Close SPX Sep 08 2025 6440.0 Puts @ .40 (sold for 15.65 and 22.75)

Sold SPX Sep 09 2025 6450.0 Puts @ 3.50

SPY

Butchered this today. Broke all my rules.

1. Gap up to all time highs at the open and didn’t wait for a pullback.
2. Sold next day daily puts without closing today’s.
3. Sold at highs and bought at lows.
4. At least I was more patient with SPX. Made up for it there.

Basically back to square one now with the overall position.

Bought to Close SPY Sep 05 2025 645.0 Puts @ 2.50 (sold for 1.95)

Sold SPY Sep 08 2025 647.0 Puts @ .70

SPX

Roll to same strike. SPX back to unchanged for the week. 🙂 🙂

Rolled SPX Sep 5 2025 6440.0 Puts to Sep 8 2025 6440.0 Puts @ 7.00 credit (22.75 total now)

And:

Rolled SPX Sep 5 2025 6425.0 Put to Sep 8 2025 6440.0 Put @ 11.00 credit (15.60 total now)

SPX

Might sell this again if we get an afternoon dip.

Bought to Close SPX Sep 05 2025 6350.0 Put @ 1.75 (sold for 13.50)

SPY

In a smaller account as an experiment…set up a SPY position similar to the SPX rental houses. 5 contracts so equal to a half SPX position.

Bought to Open SPY Dec 17 2027 650/650/690 @ 30.20

(sell 650/690 call spreads and bought 650 puts)

And:

Sold SPY Sep 05 2025 645.0 Puts @ 1.95

SPX Hedge

Throwing another one out there to Oct monthly.

Sold 2 Oct monthly 6650/6660 bear call spreads
Bought 1 Oct monthly 6200/6150 bear put spread

Net debit .80

SPX SPY

Quick scalps. Sold yesterday.

Bought to Close SPX Sep 19 2025 6200.0 Put @ 21.50 (sold for 35.00)

Bought to Close SPY Oct 17 2025 590.0 Put @ 2.78 (Sold for 4.00)
Bought to Close SPY Oct 17 2025 600.0 Put @ 3.54 (sold for 5.00)

SPX SPY

A few standing orders hit while I was out.

Sold SPX Sep 19 2025 6200.0 Put @ 35.00

Sold SPY Oct 17 2025 590.0 Put @ 4.00
Sold SPY Oct 17 2025 600.0 Put @ 5.00

SPX

Out the rest of the day so an early roll.

Rolled SPX Sep 2 2025 6455.0 Puts to Sep 5 2025 6440.0 Puts @ .50 credit (16.00 total now)

Rolled SPX Sep 2 2025 6475.0 Put to Sep 19 2025 6445.0 Put @ 17.00 credit (31.75 total now)

SPX

Taking off the little hedge I threw out there just for fun.

Bought to Close Oct monthly 6750/6775 bear call spreads
Sold to Close Oct monthly 6150/6100 bear put spreads

Net credit 5.00 (bought for .60)

SPX

Got the rest rolled.

Rolled SPX Aug 29 2025 6455.0 Puts to Sep 2 2025 6455.0 Puts @ 12.00 credit (17.30 total now)

Rolled SPX Aug 29 2025 6475.0 Put to Sep 2 2025 6475.0 Put @ 9.00 credit (14.70 total now)

NVDA

Selling against a synthetic short position.

Rolled NVDA Aug 29 2025 180.0 Put to Sep 05 2025 180.0 Put @ .80 credit (6.20 total now)

SPX

Rolling partial. Sitting on a few more for awhile.

Rolled SPX Aug 29 2025 6455.0 Puts to Sep 2 2025 6455.0 Puts @ 9.50 credit (14.80 total now)

SPX

Throwing one out there for next Friday outside the expected move.

Sold SPX Sep 05 2025 6350.0 Put @ 13.50

SPX

Giving Mr. Market something to look at.

Sold SPX Aug 29 2025 6475.0 Put @ 5.70

SPX

A fresh coat of paint on a couple of the rental houses.

Rolled Jan 2029 6000 long put up to Jan 2029 6300 put
Rolled Jan 2029 6000/6400 BeCS to Jan 2029 6300/6700 Becs

Net debit for the whole thing: 86.40 per house

EDIT: Great fill right at the mid price on both.

SPX

Thank you NVDA for driving up premium!

Bought to Close SPX Aug 28 2025 6440.0 Puts @ .30 (sold for 11.50)
Bought to Close SPX Aug 28 2025 6450.0 Put @ .25 (sold for 14.60)

Sold SPX Aug 29 2025 6455.0 Puts @ 5.30

SPX

Finally a little dip to sell into.

Bought to Close SPX Aug 27 2025 6435.0 Put @ .60 (sold for 11.30)
Bought to Close SPX Aug 27 2025 6440.0 Puts @ .40 (sold for 11.55)
Bought to Close SPX Aug 27 2025 6445.0 Put @ .40 (sold for 22.10)

Sold SPX Aug 28 2025 6440.0 Puts @ 11.60
Sold SPX Aug 28 2025 6450.0 Put @ 14.60

SPX

A little hedge out to Oct monthly.

Sold Oct monthly 6750/6775 bear call spread
Bought Oct monthly 6150/6100 bear put spread

Net debit .60

SPX

Busy today so rolling early. Nearly same strikes for two straight weeks now. NVDA tomorrow. Great premiums Thur!

Rolled SPX Aug 26 2025 6435.0 Put to Aug 27 2025 6435.0 Put @ 6.00 credit (11.30 total now)
Rolled SPX Aug 26 2025 6440.0 Put to Aug 27 2025 6440.0 Put @ 6.00 credit (11.50 total now)
Rolled SPX Aug 26 2025 6445.0 Put to Aug 27 2025 6445.0 Put @ 6.15 credit (22.15 total now)

SPX

Rolled SPX Aug 25 2025 6450.0 Put to Aug 26 2025 6445.0 Put @ 7.00 credit (16.00 total now)

NVDA

Just for fun. Same thing I’m doing on SPX. Not so much directional as it is just premium collection over time.

Sold NVDA Dec 2027 180/200 Bear Call Spread
Bought NVDA Dec 2027 180 Put

Net Debit: 28.30

And:

Sold NVDA Aug 29 2025 180.0 Put @ 5.40

SPX

Great start to the week. Still waiting on today’s 6450 strike.

Bought to Close SPX Aug 25 2025 6425.0 Put @ .30 (sold for 7.50)
Bought to Close SPX Aug 25 2025 6440.0 Puts @ .45 (sold for 6.50)

Sold SPX Aug 26 2025 6435.0 Puts @ 5.30
Sold SPX Aug 26 2025 6440.0 Puts @ 5.50 and 6.10

SPX

Bought to Close SPX Aug 22 2025 6435.0 Puts @ .20 (sold for 17.20)

Sold SPX Aug 25 2025 6440.0 Puts @ 6.50
Sold SPX Aug 25 2025 6450.0 Put @ 9.00

SPX

Selling one now. Still sitting on my 6435s for today.

Sold SPX Aug 25 2025 6425.00 Put @ 7.50

SPX

Booking this one that I rolled last week. Think I can do better over the next month selling it daily.

Bought to Close SPX Sep 19 2025 6375.00 Put @ 48.00 (sold for 49.45)

SPY

Taking a little over 30 percent of max in a couple days.

Bought to Close SPY Oct 17 2025 590.0 Put @ 2.97 (sold for 4.51)

SPX

Upon closer inspection I’m adding another LEAPS position but leaving it uncovered for now.

Bought Dec 2029 6300/6300/6700 @ 375.0 debit

SPX

Uncovering another LEAPS position for tomorrow….just in case.

Bought to Close SPX Sep 19 2025 6000.00 Put @ 22.20 (sold for 27.00)

SPX

After today’s roll I’ve now recovered all cash outlay to set all the SPX LEAPS positions. Sitting currently at 80 percent of my goal for max size. Before adding any more I’m going to spruce up the current rental houses a little (roll up the LEAPS slightly). Doesn’t affect current P/L but does require cash. Best thing is it reduces potential drawdowns in a selloff and reduces margin required on the daily put sales. Putting a new roof on the most run down property first. 🙂 🙂

Rolled Jan 2029 5900 long put up to Jan 2029 6300
Rolled Jan 2029 5900/6300 BeCS to Jan 2029 6300/6700 Becs

Net debit for the whole thing: 121.00

After I recover this cash I’ll look at the next one. I’ve got one at the 6000 strike and the rest at 6100. A little maintenance never hurts. One house is empty right now saving that for a big spike in rent. 🙂 🙂 🙂

VXX

I’ve been short call spreads and long put spreads out in Jan 2026 for an overall short VXX position (long the market) in two different accounts. Closing everything to add more SPX positions.

Closed Jan 2026 55/85 Bear Call Spreads
Closed Jan 2026 55/45 Bear Put Spreads
Closed Jan 2026 55/35 Bear Put Spreads

Net Loss .65 in smaller position
Net gain 1.40 in 4x bigger position

SPX

Straight roll to tomorrow. 7th trading day in a row at the same strike. That’s what we like to see!

Rolled SPX Aug 21 2025 6435.0 Puts to Aug 22 2025 6435.0 Puts @ 5.00 credit (17.15 total now)

SPX

Straight roll to tomorrow.

Rolled SPX Aug 20 2025 6435.0 Puts to Aug 21 2025 6435.0 Puts @ 1.75 credit (12.15 total now)

SPY

Give Mr. Market more to think about. 🙂

Sold SPY Oct 17 2025 590.0 Put @ 4.51

And for margin reduction:

Bought to Open SPY Oct 17 2025 325.0 Puts @ .13

SPX

Selling against one of my uncovered LEAPS positions. Down at the 200 day and well outside the expected move.

Sold SPX Sep 19 2025 6000.00 Put @ 27.00

SPX

Closing the double vertical hedge.

Bought to Close Sep monthly 6550/6575 bear call spread
Sold to Close Sep monthly 6200/6100 bear put spread

Net credit 10.50 (bought for .25)

SPX

Straight roll to tomorrow.

Rolled SPX Aug 19 2025 6435.0 Puts to Aug 20 2025 6435.0 Puts @ 3.20 credit (10.40 total now)

SPX

Same strike 4 or 5 days in a row now. 🙂 🙂 🙂

Bought to Close SPX Aug 18 2025 6435.0 Puts @ .20 (sold for 24.90)

Sold SPX Aug 19 2025 6435.0 Puts @ 7.20

SPX

Rolled SPX Aug 15 2025 6435.0 Puts to Aug 18 2025 6435.0 Puts @ 9.00 credit (24.95 total now)

SPX Hedge

Out to Sep monthly. Jackson Hole could be the trigger next week. Thinking JP will be hawkish.

Sold Sep monthly 6550/6575 bear call spread
Bought Sep monthly 6200/6100 bear put spread

Net debit .25

AMZN

Got the quick bounce so taking it.

Bought to Close AMZN Sep 19 2025 230/215 Bull Put Spread @ 4.70 (sold for 9.00)

SPX

Out the rest of the day so an early roll to same strike.

Rolled SPX Aug 14 2025 6435.0 Puts to Aug 15 2025 6435.0 Puts @ 8.00 credit (15.95 total now)

TLT

Bought to Close TLT Aug 15 2025 87.5 Calls @ .40 (sold for .58)
Bought to Close TLT Aug 15 2025 88.0 Calls @ .17 (sold for .46)

Sold TLT Sep 12 2025 89.0 Calls @ .64

SPX

Rolled SPX Aug 13 2025 6400.0 Puts to Aug 14 2025 6435.0 Puts @ 4.75 credit (7.95 total now)

SPX

Waited for some weakness but never got it. Take what I can get tomorrow.

Bought to Close SPX Aug 12 2025 6350.0 Puts @ .10 (sold for 8.00)

Sold SPX Aug 13 2025 6400.0 Puts @ 3.20

TLT

Jumping back in the bond pit selling just before the next Fed meeting.

Sold TLT Sep 12 2025 86.5 Puts @ 1.15
Sold TLT Sep 12 2025 87.0 Puts @ 1.41
Sold TLT Sep 12 2025 87.5 Puts @ 1.70
Sold TLT Sep 12 2025 88.0 Put @ 2.01

EDIT: I do have long Sep 70 strike puts I’m selling against along with short calls.

SPY SPX TLT

Not a bad week of not watching the market. Survived Sturgis but still on the road. Checking in when I can.

SPY:

Bought to Close SPY Sep 19 2025 580.0 Put @ 1.71 (sold for 5.12)
Bought to Close SPY Sep 19 2025 590.0 Put @ 2.24 (sold for 6.42)

SPX:

Bought to Close SPX Aug 11 2025 6350.0 Puts @ .30 (sold for 48.15, 52.35, 61.90)

And selling same strike again. 🙂 🙂 🙂

Sold SPX Aug 12 2025 6350.0 Puts @ 8.00

And:

Bought to Close SPX Aug 15 2025 5800.0 Put @ .60 (sold for 10.40)
Bought to Close SPX Aug 15 2025 5900.0 Put @ .80 (sold for 20.00)

TLT:

Bought to Close TLT Aug 15 2025 86.0 Puts @ .07 (sold for 1.22)
Bought to Close TLT Aug 15 2025 86.5 Puts @ .14 (sold for 1.49)
Bought to Close TLT Aug 15 2025 87.0 Puts @ .25 (sold for 1.65)

AMZN

Rarely trade individual companies any more but this looked fun. Playing for a bounce. If no bounce then lower the better for stock assingment. No matter how low it goes I’ll get assignment at 6 dollars above where it’s trading by closing the long put at the last second.

Sold AMZN Sep 19 2025 230/215 Bull Put Spread @ 9.00

SPX SPY

Wild morning. I’ll be out all next week (Sturgis baby!!) so taking everything out to at least the 11th.

SPX hedge:

Almost a double in a day.

Sold to Close SPX Sep 19 2025 6000/5950 Bear Put Spreads @ 8.10 (bought for 4.30)

SPX Put sales against LEAPS:

Since I left two LEAPS uncovered going out to Aug monthly and down by the 200 day.

Sold SPX Aug 15 2025 5800.0 Put @ 10.30
Sold SPX Aug 15 2025 5900.0 Put @ 20.00

Rolling the rest and adjusting to same strike.

Rolled SPX Aug 01 2025 6350.0 Puts to Aug 11 2025 6350.0 Puts @ 15.00 credit (61.90 total now)
Rolled SPX Aug 01 2025 6360.0 Puts to Aug 11 2025 6350.0 Puts @ 4.00 credit (52.20 total now)

Rolled SPX Aug 01 2025 6410.0 Put to Sep 19 2025 6375.0 Put @ 14.00 credit (49.50 total now)

SPY:

Here we go again. Out to the 200 day and lower.

Sold SPY Sep 19 2025 580.0 Put @ 5.12
Sold SPY Sep 19 2025 590.0 Put @ 6.42

Forgot I didn’t have these for margin reduction:

Bought to Open SPY Sep 19 2025 300.0 Puts @ .11

SPX

Down to the wire today.

Rolled SPX Jul 31 2025 6350.0 Puts to Aug 01 2025 6350.0 Puts @ 18.00 credit (46.90 total now)
Rolled SPX Jul 31 2025 6360.0 Puts to Aug 01 2025 6360.0 Puts @ 17.00 credit (48.20 total now)

SPX

Just throwing this out there for a little extra kicker if we get a little selloff. Also lets me get slightly more aggressive on daily put sales.

Bought SPX Sep 19 2025 6000/5950 Bear Put Spreads @ 4.30

SPX

Rolling on the bounce. Holding the rest for now.

Rolled SPX Jul 31 2025 6425.0 Put to Aug 01 2025 6410.0 Put @ 2.50 credit (35.50 total now)

SPX

More high IV tomorrow.

Rolled SPX Jul 30 2025 6350.0 Puts to Jul 31 2025 6350.0 Puts @ 17.00 credit (28.90 total now)
Rolled SPX Jul 30 2025 6360.0 Puts to Jul 31 2025 6360.0 Puts @ 15.50 credit (31.20 total now)

Rolled SPX Jul 30 2025 6425.0 Put to Jul 31 2025 6425.0 Put @ 2.00 credit (33.0 total now)

SPX

Recording most of these as rolls since I’m splitting some positions up and selling one in the money. Really a perfect day. Market down slightly but still above all my short strikes with increasing IV tomorrow.

Bought to Close SPX Jul 29 2025 6350.0 Put @ .20 (sold for 3.40)

Rolled SPX Jul 29 2025 6350.0 Puts to Jul 30 2025 6350.0 Puts @ 8.50 credit (11.90 total now)
Rolled SPX Jul 29 2025 6360.0 Puts to Jul 30 2025 6360.0 Puts @ 11.25 credit (15.70 total now)

This might put a lid on some of this nonsense. 🙂 🙂

Sold SPX Jul 30 2025 6425.0 Put @ 31.00 (sold too early!)

SPX…how’s it going?

Finally a few minutes to catch up on things.

Once in awhile I’ll play a game called “Close All SPX…what if?” 🙂 🙂 I’ll use mid prices from TOS since they are the most accurate and calculate where this big experiment stands if I were to shut it down right now. With the big rally I’m definitely wondering where I stand since I’m holding LEAP short positions and selling daily puts against them.

Started this in Feb 2024 with one position and have gradually added size up to almost my full position. Goal is 10 total and sitting at 8 now but only selling against 6. Keeping 2 uncovered for downside hedging. Learned my lesson on that in April. Was about to uncover a couple of them but got caught in the selloff before I could. Was stuck for a few months again with no put selling and just waiting.

Here goes the quick summary in SPX points:

Losses on LEAPS: 348.85
Total premium received: 1973.25
Net gain: 1624.40

That’s 82 cents on each dollar becoming profit. Better than the 75 cents I was hoping for.

Lessons learned (so far)

1. Crazy up market not helping but great profits still possible.
2. A flat unchanged day profits go straight to the bottom line (yay!)
3. Not leaving a couple LEAPS uncovered was a big mistake. Could have really taken advantage of the giant VIX spike if I had any puts to sell.
4. Leaving a couple uncovered and giving up short term gains would be well worth it.
5. Continue monitoring margin requirements watching the distance between the put sold and the long LEAP put it’s sold against. Don’t be afraid to roll up the LEAPS if this gap becomes too wide.
6. Once I reach max position size the sky’s the limit.

I still look at this like owning rental property. Not all rent income is profit. You sometimes have to do some maintenance (roll up LEAPS) and sometimes you will have vacant units that bring nothing in temporarily (massive selloff with SPX backwardation). But overall everything turns a nice profit over time.

SPX

Premiums get a little juicier Wed Thu Fri. Just taking what I can get tomorrow.

Bought to Close SPX Jul 28 2025 6310.0 Puts @ .30 (sold for 6.30)
Bought to Close SPX Jul 28 2025 6330.0 Puts @ .45 (sold for 9.00)

Sold SPX Jul 29 2025 6350.0 Puts @ 3.40
Sold SPX Jul 29 2025 6360.0 Puts @ 4.45

Interesting Morning @ Tastylive Denver

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SPX

Out tomorrow so going out to Monday.

Bought to Close SPX Jul 24 2025 6300.0 Puts @ .30 (sold for 3.50)
Bought to Close SPX Jul 24 2025 6325.0 Puts @ .50 (sold for 7.20)

Sold SPX Jul 28 2025 6310.0 Puts @ 6.30
Sold SPX Jul 28 2025 6330.0 Puts @ 9.00

SPX

Bought to Close SPX Jul 23 2025 6280.0 Puts @ .15 (sold for 4.80)

Sold SPX Jul 24 2025 6300.0 Puts @ 3.50
Sold SPX Jul 24 2025 6325.0 Puts @ 7.20

Rolled some 2028 5800/5800/6200 LEAPS to 2029 6100/6100/6500

Debit roll but doesn’t change current P/L and reduces margin. Continue selling against them.

EDIT: Added a Dec 2029 6300/6300/6700 in another account.