A few.

Rolled SPX Feb 28 2025 6000.0 Put to Mar 07 2025 5985.0 Put @ 2.00 credit (60.15 total now)

Rolled SPX Feb 28 2025 6075.0 Put to Mar 21 2025 6065.0 Put @ even (23.70 total now)
Rolled SPX Feb 28 2025 6080.0 Put to Mar 21 2025 6070.0 Put @ .50 credit (21.50 total now)

Adding.

Sold SPY Apr 17 2025 535.0 Put @ 3.15
Sold SPY Apr 17 2025 545.0 Put @ 3.65

Filled right at the open.

Rolled SPX Feb 27 2025 6000.0 Put to Feb 28 2025 6000.0 Put @ 10.65 credit (58.15 total now)

Rolled SPX Feb 28 2025 6100.0 Put to Mar 07 2025 6090.0 Put @ 2.00 credit (26.90 total now)

Rolling early in case the bounce doesn’t hold.

Rolled SPX Feb 26 2025 6000.0 Put to Feb 27 2025 6000.0 Put @ 14.50 credit (47.50 total now)

A new strategy! Had a long conversation with my brother last couple days talking about my SPX strategy. (@bikeeagle1 on here) He doesn’t trade options much but understands them very well. After explaining everything and doing a lot of “hangar flying” he came up with an alternate idea. Higher initial cost but much less if any downside risk.

Basically, it’s this. Where will the 200 day moving average be in about a year taking into account a continuation of the last couple years? The number we came up with was around 7000.

So…buy a 7000 strike put at that level. We originally looked at just a year out but decided for minimal extra cost to go out to 2029 to have some extra time just in case. Then, like my positions, sell daily against it.

This will result in quite a bit more out of pocket but, at least for now, zero risk to the downside. The goal with the daily selling is to be pretty aggressive and try to get the entire cost covered well before the market might get to 7000. With no downside risk selling daily in the money is a viable option depending on how aggressive you want to be.

I went ahead and threw one on in my real account to see how it plays out. I look at it as a nicer rental house in a nicer area with higher rents. LOL!

Bought to Open SPX Dec 21 2029 7000.0 Put @ 885.0

Sold SPX Feb 26 2025 6000.0 Put @ 33.00

Adding.

Sold AMZN Apr 17 2025 190.0 Put @ 2.50

Sold SPY Apr 17 2025 540.0 Put @ 3.45

Adding.

Sold AMZN Apr 17 2025 195.0 Put @ 2.51

Pre market roll. Guessing this is a weak bounce. (rally incoming! LOL)

Rolled SPX Feb 24 2025 6100.0 Puts to Feb 28 2025 6075.0 Puts @ 1.00 credit (20.95 total now)

At the expected move, at the 200 day, and before earnings.

Sold AMZN Apr 17 2025 200.0 Put @ 3.25

Starter down at the 200 day.

Sold SPY Apr 17 2025 570.0 Put @ 4.83
Sold SPY Apr 17 2025 560.0 Put @ 4.20
Sold SPY Apr 17 2025 550.0 Puts @ 3.19

Scattering these out a little.

Rolled SPX Feb 21 2025 6100.0 Puts to Feb 24 2025 6100.0 Puts @ 3.75 credit (19.95 total now)

Rolled SPX Feb 21 2025 6100.0 Puts to Feb 28 2025 6075.0 Puts @ 7.50 credit (23.70 total now)
Rolled SPX Feb 21 2025 6110.0 Put to Feb 28 2025 6100.0 Put @ 11.00 credit (24.90 total now)

Rolled the rest. Same strike.

Rolled SPX Feb 20 2025 6100.0 Puts to Feb 21 2025 6100.0 Puts @ 9.75 credit (16.25 total now)

Rolled on the small bounce. Everything else sitting at 6100.

Rolled SPX Feb 20 2025 6110.0 Put to Feb 21 2025 6110.0 Put @ 8.00 credit (13.90 total now)

No Fed fireworks. Bummer. LOL Still an unchanged day so can’t complain.

Bought to Close SPX Feb 19 2025 6100.0 Put @ .40 (sold for 10.75)

Sold SPX Feb 20 2025 6110.0 Put @ 5.90

Bought to Close SPX Feb 19 2025 6075.0 Puts @ .50 (sold for 6.05)

Sold SPX Feb 20 2025 6100.0 Puts @ 6.50

Still holding a 6100 for today.

As I’ve said a few times, the biggest risk I see to these SPX trades is the distance between the daily put being sold and the long put LEAP it’s being sold against. And by risk it’s really only the risk of an unrealized loss that you have to endure for awhile. Here’s how I’m handling those now.

Rolled SPX Dec 2029 5800/5800/6200 to Dec 2029 6100/6100/6500 @ 81.50 debit

This does a couple things. It reduces buying power required due to the narrow gap in the put sale spread and allows more aggressive daily selling because that gap has been closed. In the big scheme of things out to 2029 it’s a small price to pay for an adjustment. I’ll add that to the original cost basis for long term tracking.

Using the rental house analogy….if you own the house long enough you’ll have to eventually use some of the rent income for new carpet or a fresh coat of paint. LOL. Just some needed maintenance.

Another round. Giving Mr. Market one position he can really sink his teeth into. LOL

Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 12.00)
Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 14.95)
Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 15.20)
Bought to Close SPX Feb 18 2025 6055.0 Put @ .70 (sold for 16.25)
Bought to Close SPX Feb 18 2025 6060.0 Put @ 1.05 (sold for 14.10)
Bought to Close SPX Feb 18 2025 6060.0 Put @ 1.05 (sold for 14.95)
Bought to Close SPX Feb 18 2025 6075.0 Put @ 1.50 (sold for 16.50)

Sold SPX Feb 19 2025 6075.0 Puts @ 5.70, 5.95, 6.55
Sold SPX Feb 19 2025 6100.0 Put @ 10.75 come and get it!

EDIT: Messed up my copy/paste. Corrected now.

Roll out to Tue and slightly up.

Rolled SPX Feb 14 2025 6040.0 Put to Feb 18 2025 6055.0 Put @ 5.00 credit (12.00 total now)
Rolled SPX Feb 14 2025 6045.0 Put to Feb 18 2025 6055.0 Put @ 4.75 credit (14.95 total now)
Rolled SPX Feb 14 2025 6045.0 Put to Feb 18 2025 6055.0 Put @ 4.75 credit (15.20 total now)
Rolled SPX Feb 14 2025 6050.0 Put to Feb 18 2025 6055.0 Put @ 4.25 credit (16.25 total now)
Rolled SPX Feb 14 2025 6055.0 Put to Feb 18 2025 6060.0 Put @ 4.60 credit (14.10 total now)
Rolled SPX Feb 14 2025 6060.0 Put to Feb 18 2025 6060.0 Put @ 4.75 credit (14.95 total now)
Rolled SPX Feb 14 2025 6065.0 Put to Feb 18 2025 6075.0 Put @ 7.00 credit (16.50 total now)

Was hoping for some craziness but no joy.

Sold SPX Feb 14 2025 6040.0 Put @ 7.00
Sold SPX Feb 14 2025 6045.0 Put @ 10.20
Sold SPX Feb 14 2025 6045.0 Put @ 10.50
Sold SPX Feb 14 2025 6050.0 Put @ 12.00
Sold SPX Feb 14 2025 6055.0 Put @ 9.50
Sold SPX Feb 14 2025 6060.0 Put @ 10.20
Sold SPX Feb 14 2025 6065.0 Put @ 9.50

Adding to the LEAPS position.

SPX Dec 2029 6100/6100/6500 @ 336.0 debit

Taking a shot on at least some sort of a down move. Not much decay left in these for the next couple hours so I’ll just reload tomorrow either way.

Bought to Close SPX Feb 13 2025 6030.0 Put @ 2.75 (sold for 21.05)
Bought to Close SPX Feb 13 2025 6045.0 Puts @ 2.70 (sold for 22.55)

Out a day and up a strike.

Rolled SPX Feb 12 2025 6025.0 Put to Feb 13 2025 6030.0 Put @ 10.00 credit (21.05 total now)

Roll out to tomorrow on the little bounce.

Rolled SPX Feb 12 2025 6045.0 Puts to Feb 13 2025 6045.0 Puts @ 9.75 credit (22.55 total now)

And the rest…

Bought to Close SPX Feb 11 2025 6045.0 Puts @ .80 (sold for 8.60)

Sold SPX Feb 12 2025 6045.0 Puts @ 12.80

One filled. Everything else sitting at 6045 today.

Bought to Close SPX Feb 11 2025 6025.0 Put @ 1.05 (sold for 14.50)

Sold SPX Feb 12 2025 6025.0 Put @ 11.05

Finally booking all the rolls and re-loading.

Bought to Close SPX Feb 10 2025 6035.0 Puts @ .30 (sold for 35.60)
Bought to Close SPX Feb 10 2025 6035.0 Puts @ .30 (sold for 64.25)

Sold SPX Feb 11 2025 6045.0 Puts @ 8.60

Closing this in another account. This is how you imagine these going in a perfect world (sideways choppy). LOL Opened on Nov 26 2024. Market is only 35 points higher now.

LEAPS made money while collecting daily premium.

Sold to Close SPX Dec 2029 6000/6000/6400 Synthetic Short Stock @ 318.0 credit (bought for 305.0)

Bought to Close SPX Feb 10 2025 6035.0 Put @ 2.45 (sold for 59.25)

So:

LEAPS gain: 13.00
Current short put gain: 56.80
Previous premium received: 68.05

Net gain: 137.85

EDIT: More data collected now. In a straight up market these average about 50 cents on a dollar profit of premium collected. In a near perfect world as we see here it’s over a dollar of profit per dollar collected. Overall in a wide variety of positions looking at around 70 cents on a dollar.

From an old post earnings trade repair. I’ll take it!

Bought to Close ADBE Feb 21 2025 420/410/420 Inverted Jade Lizard @ 10.40 (sold for 10.10)

As long as we stay above 6035 should be booking a bunch of premium today. As current positions get paid off I’ll keep adding until reaching my max. Adding another one.

SPX Dec 2029 6000/6000/6400 @ 327.0 debit

Sold SPX Feb 11 2025 6025.0 Put @ 14.50

Moving some stuff around today. To simplify things having one account for SPX only and one account for SPY and whatever else happens to come along.

Bought to Close SPY Feb 21 2025 580.0 Puts @ .72 (sold for 2.30)

Bought to Close SPY Mar 21 2025 570.0 Put @ 2.76 (sold for 3.30)
Bought to Close SPY Mar 21 2025 575.0 Put @ 3.28 (sold for 3.82)
Bought to Close SPY Mar 21 2025 580.0 Put @ 3.81 (sold for 4.52)

This was leftover from selling it against a synthetic short position. Closed the short on the big drop now getting out of this and waiting for earnings on the 26th.

Bought to Close NVDA Mar 21 2025 115.0 Put @ 4.62 (sold for 5.10)

Looking a little weak so rolling down slightly.

Rolled SPX Feb 07 2025 6040.0 Put to Feb 10 2025 6035.0 Put @ 12.50 credit. (35.50 total now)

Rolled SPX Feb 07 2025 6050.0 Put to Feb 10 2025 6035.0 Put @ 4.50 credit. (59.15 total now)
Rolled SPX Feb 07 2025 6050.0 Puts to Feb 10 2025 6035.0 Puts @ 5.00 credit. (35.60 total now)
Rolled SPX Feb 07 2025 6050.0 Puts to Feb 10 2025 6035.0 Puts @ 5.00 credit. (64.20 total now)

Adding.

Sold SPY Mar 21 2025 570.0 Put @ 3.30

Starter ladder below the 100 day.

Sold SPY Mar 21 2025 575.0 Put @ 3.82
Sold SPY Mar 21 2025 580.0 Put @ 4.52

Rolling this one up to where we closed last Friday.

Rolled SPX Feb 07 2025 6000.0 Put to Feb 07 2025 6040.0 Put @ 8.00 credit. (23.00 total now)

Nice three day bounce. I’ll take these and see how earnings looks later.

Bought to Close NVDA Feb 28 2025 95.0 Puts @ .60 (sold for 1.50)
Bought to Close NVDA Mar 21 2025 85.0 Puts @ .61 (sold for 1.68)

Taking the rest of a decent size position off at 85-90 percent of max a couple weeks early.

Bought to Close TLT Feb 21 2025 87.5 Put @ .31 (sold for 1.79)
Bought to Close TLT Feb 21 2025 87.0 Puts @ .23 (sold for 1.48)
Bought to Close TLT Feb 21 2025 86.5 Puts @ .16 (sold for 1.24)
Bought to Close TLT Feb 21 2025 86.0 Puts @ .13 (sold for 1.00)
Bought to Close TLT Feb 21 2025 85.5 Puts @ .09 (sold for .82)
Bought to Close TLT Feb 21 2025 85.0 Puts @ .06 (sold for .60)

Going out to Friday and down a strike. This gets all the daily sales back in the same spot.

Rolled SPX Feb 05 2025 6055.0 Puts to Feb 07 2025 6050.0 Puts @ 11.60 credit (30.60 total now on these)

Assigned on Feb 88 strike put. Strange since it was just ITM by a few cents. I’ll take it though.

Sold TLT Shares @ 89.42 (bought for 85.88)

Taking these off for 40 percent of max in a couple days.

Bought to Close SPY Mar 21 2025 550.0 Put @ 2.04 (sold for 3.50)
Bought to Close SPY Mar 21 2025 555.0 Put @ 2.36 (sold for 4.00)

Sold too early so booking them for beer money.

Bought to Close SPY Mar 21 2025 561.0 Put @ 2.82 (sold for 2.95)
Bought to Close SPY Mar 21 2025 569.0 Put @ 3.62 (sold for 3.80)
Bought to Close SPY Mar 21 2025 575.0 Put @ 4.38 (sold for 4.65)
Bought to Close SPY Mar 21 2025 580.0 Put @ 5.17 (sold for 5.40)

Nothing crazy yet. Just out a day and see what happens next.

Rolled SPX Feb 04 2025 6055.0 Puts to Feb 05 2025 6055.0 Puts @ 7.00 credit (19.00 total now)

Don’t really want assigned early so rolling my most aggressive position. Everything else sitting down at 95 and 85.

Rolled NVDA Feb 07 2025 125.0 Put to Mar 21 2025 115.0 Put @ .55 credit (5.10 total now)

Nothing crazy yet. Just out a day and see what happens next.

Rolled SPX Feb 03 2025 6055.0 Puts to Feb 04 2025 6055.0 Puts @ 5.50 credit (12.00 total now)

Filled on a couple.

Sold SPY Mar 21 2025 550.0 Put @ 3.50
Sold SPY Mar 21 2025 555.0 Put @ 4.00

Back in again. Had to use some odd strikes so I wouldn’t get hit with day trading.

Sold SPY Mar 21 2025 561.0 Put @ 2.95
Sold SPY Mar 21 2025 569.0 Put @ 3.80
Sold SPY Mar 21 2025 575.0 Put @ 4.65
Sold SPY Mar 21 2025 580.0 Put @ 5.40

Here ya go Mr. Market. Now sitting just outside half the expected move.

Rolled SPX Feb 7 2025 6025.0 Puts to Feb 7 2025 6050.0 Puts @ 5.50 credit (59.35 total now)
Rolled SPX Feb 7 2025 6025.0 Put to Feb 7 2025 6050.0 Put @ 5.50 credit (54.80 total now)

Still playing the swings. 35 percent of max in a couple days.

Bought to Close SPY Mar 21 2025 560.0 Put @ 1.96 (sold for 3.15)
Bought to Close SPY Mar 21 2025 565.0 Put @ 2.28 (sold for 3.60)
Bought to Close SPY Mar 21 2025 570.0 Put @ 2.63 (sold for 4.25)

Bought to Close SPX Jan 31 2025 6035.0 Puts @ .50 (sold for 43.65)

Sold SPX Feb 03 2025 6055.0 Puts @ 6.50

Adding.

Sold NVDA Mar 21 2025 85.0 Puts @ 1.68

Taking gains on short LEAPS position.

Sold to Close Jan 2027 125/125/150 Synthetic Short @ 24.30 (bought for 19.30)

And:

Rolled NVDA Jan 31 2025 125.0 Put to Feb 07 2025 Put @ 2.50 credit (4.55 toal now)

Earlier.

Sold to Close SPX Feb 07 2025 5850.0/5825.0 Bear Put Spread @ 2.75 (bought for 2.60)

Sold SPY Mar 21 2025 560.0 Put @ 3.15
Sold SPY Mar 21 2025 565.0 Put @ 3.60
Sold SPY Mar 21 2025 570.0 Put @ 4.25

Selling down around the Aug lows. Earnings week I believe.

Sold NVDA Feb 28 2025 95.0 Puts @ 1.50

Following Iceman into a short NVDA play. Going out as far as possible and setting up a synthetic.

Jan 2027 125/125/150 Synthetic Short @ 19.30 debit (sell 125/150 BeCS and buy 125 put)

Sold NVDA Jan 31 2025 125.0 Put @ 2.05

Fed tomorrow so taking 30 percent of max in a day.

Bought to Close SPY Feb 21 2025 575.0 Put @ 1.84 (sold for 3.29)

Bought to Close SPY Mar 21 2025 550.0 Put @ 2.26 (sold for 3.25)
Bought to Close SPY Mar 21 2025 560.0 Put @ 2.93 (sold for 4.25)
Bought to Close SPY Mar 21 2025 570.0 Put @ 3.85 (sold for 5.25)
Bought to Close SPY Mar 21 2025 575.0 Put @ 4.46 (sold for 6.35)

These were sold to offset losses on some SPX iron flies that will go out Friday with losses. Moving them out to a little safer place.

Bought to Close SPY Jan 31 2025 595.0 Put @ 1.23 (sold for 4.35)
Bought to Close SPY Jan 31 2025 600.0 Put @ 2.30 (sold for 6.25)

Sold SPY Feb 21 2025 580.0 Puts @ 2.30

JP protection.

Bought to Open SPX Feb 07 2025 5850.0/5825.0 Bear Put Spread @ 2.60

On the little pop bringing these back down again.

Rolled SPX Jan 31 2025 6055.0 Puts to Feb 7 2025 6025.0 Puts @ 6.10 credit (53.85 total now)
Rolled SPX Jan 31 2025 6060.0 Put to Feb 7 2025 6025.0 Put @ 3.60 credit (49.30 total now)

A couple more below the 100 day and near the Jan low.

Sold SPY Feb 21 2025 575.0 Put @ 3.29
Sold SPY Mar 21 2025 575.0 Put @ 6.35

A couple more.

Sold SPY Mar 21 2025 550.0 Put @ 3.25
Sold SPY Mar 21 2025 570.0 Put @ 5.25

Only fill I got. Down at the 200 day.

Sold SPY Mar 21 2025 560.0 Put @ 4.25

Taking it off here.

Sold to Close SPX Feb 21 2025 5975.0/5950.0 Bear Put Spread @ 8.00 (bought for 4.60)

Rolling partial.

Rolled SPX Jan 31 2025 6035.0 Puts to Jan 31 2025 6055.0 Puts @ 4.00 credit (47.75 total now)
Rolled SPX Jan 31 2025 6035.0 Put to Jan 31 2025 6060.0 Put @ 5.10 credit (45.70 total now)

Moving from Mar to Feb and adding.

Bought to Close TLT Mar 21 2025 85.0 Puts @ 1.25 (sold for 2.17)
Bought to Close TLT Mar 21 2025 87.0 Put @ 2.11 (sold for 2.10)

Sold TLT Feb 21 2025 85.0 Puts @ .60
Sold TLT Feb 21 2025 85.5 Puts @ .82
Sold TLT Feb 21 2025 86.0 Puts @ 1.00
Sold TLT Feb 21 2025 86.5 Puts @ 1.24
Sold TLT Feb 21 2025 87.0 Puts @ 1.48
Sold TLT Feb 21 2025 87.5 Put @ 1.79
Sold TLT Feb 21 2025 88.0 Put @ 2.12

Sold these last week and they’re getting demolished. But…they’ve enticed Mr. Market to come up to my SPX puts that were sold against the LEAPS which is where my big premium is sitting.

Sold SPX Jan 31 2025 5995/6000 Bear Call Spreads @ 1.25

So:

Sold SPX Jan 31 2025 6000/5995 Bull Put Spreads @ .75

6 contracts so max loss is $1800 locked in even if we tank. Agressive SPY puts sold reduce this to 800. Roll up of SPX put sales against LEAPS brings in waaaay more so all good. See where we end up next Friday to manage all this.

Hindsight:

Had I known about the impending rally I would have just sat on my hands. LOL

Wanting to add lower but just not getting weak enough. See if I can get Mr. Market to come on down!

Sold TLT Mar 21 2025 87.0 Put @ 2.10

Sold against the LEAPS position.

Rolled SPX Jan 31 2025 6025.0 Puts to Jan 31 2025 6035.0 Puts @ 2.25 credit (43.75 total now)
Rolled SPX Jan 31 2025 6025.0 Put to Jan 31 2025 6035.0 Puts @ 2.25 credit (40.60 total now)

See if we get a little pullback over the next 30 days.

Bought to Open SPX Feb 21 2025 5975.0/5950.0 Bear Put Spread @ 4.60

Sold against the LEAPS position.

Rolled SPX Jan 31 2025 6010.0 Puts to Jan 31 2025 6025.0 Puts @ 3.00 credit (41.50 total now)
Rolled SPX Jan 31 2025 6010.0 Put to Jan 31 2025 6025.0 Puts @ 2.95 credit (38.35 total now)

Hedge against the hedge against the hedge that’s sold against my hedge. (I think)

Jan 31 expiration:

Short SPX 6010 puts against LEAPS.
SPX Bear call spreads @ 5995/6000

And now to cap the rally:

Sold SPY Jan 31 2025 595.0 Put @ 4.35
Sold SPY Jan 31 2025 600.0 Put @ 6.25

What would I like to see? Down a little without a crash. Maybe SPX 5990 at expiration. If needed I can still sell SPX put spreads aganst the call spreads. The real money is in the SPX 6010 puts though.

In and out for the second time in Jan. Taking 60 to 70 percent of max a month or two early.

Bought to Close SPY Feb 21 2025 550.0 Put @ 1.14 (sold for 3.00)
Bought to Close SPY Feb 21 2025 560.0 Put @ 1.61 (sold for 3.35)

Bought to Close SPY Mar 21 2025 510.0 Put @ 1.29 (sold for 3.00)
Bought to Close SPY Mar 21 2025 520.0 Put @ 1.57 (sold for 3.15)
Bought to Close SPY Mar 21 2025 530.0 Put @ 1.88 (sold for 4.00)
Bought to Close SPY Mar 21 2025 540.0 Put @ 2.36 (sold for 5.00)

A move like we’ve had this week gotta take some profits. I’ll wait for earnings to maybe re-enter.

Bought to Close NVDA Feb 14 2025 120.0 Put @ .82 (sold for 2.15)
Bought to Close NVDA Feb 14 2025 125.0 Put @ 1.46 (Sold for 2.12)
Bought to Close NVDA Mar 21 2025 110.0 Put @ 1.76 (sold for 2.44)

Lottery ticket centered on the upper edge of the expected move.

Bought Jan 17 SPX 5930/5945/5960 Call Butterfly @ .65

EDIT:

Added 5715/5700/5685 Put Butterfly @ .40 Lower edge of expected move.

Weird. Feels like it’s already been a fairly wild week but the white line is where we closed last Friday.