#FuzzyLEAPs This is the most I’ve gotten yet for a one day calendar…
Rolled $XSP Mar 13th 672 puts to Mar 16th 672 puts, 2.58 credit

#FuzzyLEAPs
Rolled $XSP Mar 12th 672 puts to Mar 13th 672 puts, 1.90 credit

Last night I forgot that the overnight market trading hours had extended, so an order I was planning on changing before bedtime was still entered, and filled at 8:15pm ET. The order was to sell for 17.00…

Sold XSP Mar 12th 692 puts for 20.06.

So I only rolled down one strike but I got around a 4.00 credit.

I’m probably going to be trying more of these swing-rolls because my strikes are just getting to be too ITM.

#FuzzyLEAPs
Rolled $XSP Mar 11th 672 put to Mar 12th 672 put, 1.30 credit
Rolled $XSP Mar 11th 683 puts to Mar 12th 683 puts, 1.20 credit

#FuzzyLEAPs
Rolled $XSP Mar 10th 683 put to Mar 11th 683 put, 1.30 credit

#FuzzyLEAPs Was expecting to trade all three strikes after the close, but my lowest strike filled on this late day rally:
Rolled $XSP Mar 9th 683 put to Mar 10th 683 put, .60 credit

#FuzzyLEAPs Learned a new trick. Second day in a row I allowed deep ITM puts expire, then sold next day’s right after the closing bell, giving me much higher premium than was available had I rolled during market hours. ***Even at the highs of the day, this kind of credit on rolls was not possible.***

$XSP closed at 674.00
Mar 6th 693 puts, 19.00 debit for expiring. Sold Mar 9th 693 puts for 19.70
Mar 6th 695 put, 21.00 debit for expiring. Sold Mar 9th 695 put for 21.75

This is pretty good news for these deep ITM options. I wonder if it still will work if we get 40 or 50 bucks ITM.

#FuzzyLEAPs Another day opening with the 683 ATM, so rolling a day ahead. I got 1.40; if this was rolling from today would have gotten 1.75. I think that difference is small enough that I will keep this a day out as long as we are opening close to ATM.

Rolled $XSP Mar 6th 683 put to Mar 9th 683 put, 1.40 credit.

Now hoping for a rally to give me better rolls on 693 and 695

#FuzzyLEAPs Since my lower strike opened ATM, I rolled it for the premium even though it is a day out.
Rolled $XSP Mar 5th 683 put to Mar 6th 683 put, 1.10 credit

#FuzzyLEAPs Rolled DOWN one of my LEAP spreads and used credit to roll down one of my daily put strikes.
Sold to close 695/695/735 LEAP for 50.50. Opened two of them in January, average price 38.90.
Opened 685/685/725 LEAPs for 40.70 on Feb 24th. So the roll gave me a 9.80 credit.

Rolled $XSP Mar 3rd 695 put to Mar 5th (2 days) 683 put, 10.50 debit.

Now I need to figure out what to do with the other 695, and two 693’s with today’s expiry.

#FuzzyLEAPs Since we’ve gone up nicely since the opening lows I’m just doing standard rolls and not trying anything fancy.
Rolled $XSP Mar 2nd 693 puts to Mar 3rd 693 puts, .40 credit
Waiting for fill on 695’s…

#FuzzyLEAPs
Rolled $XSP Feb 27th 693 puts to Mar 2nd 693 puts, .70 credit

I’m moving to Denver over the weekend, folks. Second time I’m leaving LA for a new adventure!

#FuzzyLEAPs
Rolled $XSP Feb 26th 693 puts to Feb 27th 693 puts for 1.00.
My 695 puts expire Monday; won’t roll today unless XSP ends up near 695, causing the roll price to rise.

#FuzzyLEAPs Finally back into the sweet spot. Both limit trades filled at same time. Oddly, there is no Friday 695 strike so I rolled Thursday’s to Monday.

Rolled $XSP Feb 25th 693 puts to Feb 26th 693 puts, 1.80 credit
Rolled $XSP Feb 26th 695 puts to Mar 2nd 695 puts, 1.40 credit

Also yesterday added a 685/685/725 Dec 2028 LEAP spread to each account, 40.70 debit. This was in preparation to actually roll DOWN one of my 695 spreads, and using that credit to roll down some 695 daily puts several strikes. However, since the rally continues I will keep the 685 as a hedge until I’m able to add another LEAP spread.

#FuzzyLEAPs Lost faith in the rally early so I put in a low price
Rolled $XSP Feb 24th 693 puts to Feb 25th 693 puts, .30 credit

#FuzzyLEAPs
Rolled $XSP Feb 23rd 693 puts to Feb 24th 693 puts, .80 credit; 20.01 in put sales since Jan 9th

#FuzzyLEAPs
Rolled $XSP Feb 20th 693 puts to Feb 23rd 693 puts, .61 credit

#FuzzyLEAPs
Rolled $XSP Feb 19th 693 puts to Feb 20th 693 puts, .60 credit
Order in to roll 696 for .35.

The issue with my roll on Tuesday: I chose to roll 2 days ahead to get a bit of premium, which meant I didn’t need to roll on Wednesday. But Wednesday’s highs were the best roll time of the week so far for my deep ITM options. It would have been better for me to roll for just one day, even if only breakeven, so I could have rolled yesterday for higher premium than I got on Tuesday. Of course, this wouldn’t matter much if Wednesday had just been flat or down.

#FuzzyLEAPs Finally threw in the towel, rolled two days out for pennies.
Rolled $XSP Feb 17th 696 puts to Feb 19th 696 puts, .11 credit
Rolled $XSP Feb 17th 693 puts to Feb 19th 693 puts, .48 credit

#FuzzyLEAPs
Rolled $XSP Feb 13th 693 puts to Feb 17th 693 puts, .70 credit
Need some more height to roll the 696.

#FuzzyLEAPs Seems like we’ve had a pattern lately of opening higher then pulling back into the negative, before ending day near even. Today my orders for both 693 and 696 are in for 1.20. I have to leave for a couple hours so we’ll see what has filled when I get back.

And before I pressed Post…
Rolled $XSP Feb 12th 693 puts to Feb 13th 693 puts, 1.20 credit

#FuzzyLEAPs
Rolled $XSP Feb 11th 693 puts to Feb 12th 693 puts, .70 credit. Tried to pick a low since this is decently OTM but we went even lower. Waiting on the 696 roll since that’s ATM right now.

#FuzzyLEAPs
Rolled $XSP Feb 10th 693 to Feb 11th 693, .95 credit. (14.92 total since Jan 9th)
Going to leave my Feb 11th 696 and roll it tomorrow. (10.25 total since Jan 12th)

#FuzzyLEAPs
Rolled $XSP Feb 9th 693 puts to Feb 10th 693 puts, .80 credit.
Earlier, rolled Feb 10th 696 put to Feb 11th 696 put, .90 credit. I rolled this a day ahead since premium was decent, however now that it’s ATM I wish i was same day and not a day ahead. I also was trying to add another but missed my fill in the morning and then this took off. Could have gotten over 6.00 in the morning.

#FuzzyLEAPs
Rolled $XSP Feb 5th 693 puts to Feb 9th 693 puts, .80 credit.
Working on 696 roll.
Had a fat-fingered mistake yesterday since I just started incorporating a second account, but misallocated the rolls, so one account got slammed by today’s drop and the other benefited by not participating.

#FuzzyLEAPs Since we were opening ATM I put the order in early and was filled 5 minutes after the open.
Rolled $XSP Feb 4th 693 put to Feb 5th 693 put, 1.25 credit.
Waiting on my 696 puts

#FuzzyLEAPs All done too early, as it turns out… played it the opposite of yesterday and was wrong again.
Rolled $XSP Feb 3rd 696 puts to Feb 4th 696 puts, .80 credit
Rolled $XSP Feb 3rd 693 puts to Feb 4th 693 puts, .55 credit
Sold another Feb 4th 693 put for .70.

#FuzzyLEAPs Got enough of a dip at day’s end to finally get decent rolls
Rolled $XSP Feb 2nd 696 puts to Feb 3rd 696, 1.00 credit
Sold Feb 3rd 693 puts for .50; letting today’s expire; left an extra one uncovered

#FuzzyLEAPs
Rolled $XSP Jan 30th 693 to Feb 2nd 693 puts, 1.50 credit.

After 4 days of misplaying the waiting game, getting it right today. This filled right when XSP was passing through 693.00. My order to roll 696 puts is for the same amount and should fill if we can get back to that level, which we already crossed three times today.

#FuzzyLEAPs
Rolled $XSP Jan 29th 693 puts to Jan 30th 693 puts, .80 credit
Order is in to roll my 696 puts

#FuzzyLEAPs
At the overnight highs in futures (which would have been all time market highs had the market been open), filled on a fourth $XSP LEAP spread: Dec 2028 695/695/735 for 38.40.

Will add another daily put today, going with all 4 XSP LEAPs with daily puts and my $SPY spread as a hedge.

#FuzzyLEAPs
Sold $XSP Jan 28th 693 put for .47. Letting today’s 692 put expire. Just like yesterday, selling on a last minute drop when rolling at the open would have been best move. But today I moved a strike higher.

#FuzzyLEAPs
Rolled $XSP Jan 28th 696 puts to Jan 29th 696 puts for .95 credit

Since XSP is trading right at 696, I’m rolling this today, 2 days before expiration. I think the importance of being ATM overrides the distance to expiry as optimal time for rolling.

Working on rolling my XSP 692 put but since we’ve gone up all day the best time to do this was at the open. We are now enough above $SPY 692 that I will leave my Jan 28th put there to continue to drain. I want to leave my one SPY LEAPs spread “uncovered” as a hedge.

#FuzzyLEAPs
Rolled $XSP Jan 23rd 692 put to Jan 26th 692 put, .90 credit.

#FuzzyLEAPs Rolled $SPY Jan 26th 692 put to Jan 27th 692 put, .44 credit. Staying ahead of the expiry to avoid early assignment.

#FuzzyLEAPs This will be a boring week waiting for a rebound. Trying to roll to Friday or Monday but only one filled so far. I was waiting for possibility of ending higher but we turned south instead.

Rolled $XSP Jan 20th 692 put to Jan 23rd 692 put, .75 credit

#FuzzyLEAPs
Filled at the bell: Rolled $XSP Jan 16th 692 put to Jan 20th 692 put for .83

I had this order going in pre-market with no fill. Filled immediately after bell, after which premium quickly dropped to around .70. This seems to be a good fill for being 4 pts OTM…. grabbing high premium at the volatile moment of the open may be an approach to consider often.

I was NOT filled on 696 roll, limit order of 1.10. But I will wait since we are ATM like yesterday.

#fuzzyleaps
Rolled $XSP Jan 15th 692 put to Jan 16th 692 put for .53
Order in for .88 to roll the 696 puts. Since this is close to the money roll premium should increase as day progresses.

#FuzzyLEAPs
Rolled $XSP Jan 14th 692 put to Jan 15th 692 put, .83 credit
Missed the fill on rolling ITM 696 puts. Waiting to see if we can rally into afternoon.

Closed my third $SPY spread:
STC $SPY Jan 2028 685/685/725 LEAP spread for 31.20 right after the open (could have almost been breakeven had I waited)
Originally bought for 33.50 on Dec 11th.
Loss of -2.25 on LEAPs
Gain of 13.67 on daily put sales.
TOTAL profit +11.42

I now have one 690/690/730 $SPY LEAP spread I plan to keep open as a hedge.
I have ITM Jan 14th 692 put that I will keep rolling until it expires worthless, after which I will leave the LEAP spread “uncovered” with no daily puts.
I will also add a fourth and final $XSP LEAP spread when we return toward new highs.

#FuzzyLEAPs
Rolled $XSP Jan 13th 696 puts to Jan 14th 696 puts, .85 credit
Rolled $SPY Jan 13th 692 put to Jan 14th 692 put, .70 credit

Will probably sell another XSP daily today.
I’m going to dump one of my two $SPY spreads on a decent pullback, and may keep the other as a longer-term hedge against XSP strategy going forward.

#FuzzyLEAPs
Rolled $SPX Jan 12th 692 put to Jan 13th 692 put for .90

Opened my second $XSP LEAP spread (replacing SPY spread closed on Friday).
Dec 2028 690/690/730 spread for 37.60
Sold against it TODAY’s 694 put for .77

I could have sold tomorrow’s 694 for almost twice the price, so it may be futile to sell same day then roll later, but kind of testing that out.

Now I have 2 positions on each of SPY and XSP. I have one short put on each that are not rolled yet.
I will wait to close another SPY on a down day. I’m fine for now with two of each as assignment risk is lower than before.

#FuzzyLEAPs $SPY
Rolled Jan 8th 687 put to Jan 9th 687 put for 1.11
Rolled Jan 8th 689 put to Jan 9th 689 put for 1.10
Rolled Jan 8th 691 put to Jan 9th 691 put for 1.00

Bought to close 690 put for 1.66 (sold for 1.03 yesterday)
Sold to close Jan 2028 LEAPs spread 690/690/730 for 34.45. Bought this for 33.20 on Tuesday.
I closed this spread and its daily short with intention to migrate to $XSP. I made 1.25 on the LEAPs and .18 on 2 put sales.

#FuzzyLEAPs $SPY rolls:
Rolled Jan 7th 689 put to Jan 8th 689 put for .53
Rolled Jan 7th 690 put to Jan 8th 690 put for .60
Rolled Jan 7th 686 put FIVE strikes higher to Jan 8th 691 put for 1.23

Still leaving one LEAP spread without a daily short, which I’ll probably add on a decent pull back. Also considering migrating this whole mess to $XSP to avoid assignment risk.

#FuzzyLEAPs Rolling on the intraday swings

At the low of day, rolled $SPY Jan 6th 686 put to Jan 7th 686 put for .61 (10.25 so far)

As we spiked higher, rolled Jan 6th 689 put to Jan 7th 689 put for .69 (7.42 so far)

My 687 roll didn’t fill yet, so looking for another dip to get good premium. (15.87 so far)

#FuzzyLEAPs Tried to wait for a dip to roll but never got it. As a result, I’m getting less than I could have had I rolled early. However, now I feel we are enough above 686 that I’m going to let today’s expire.

Sold $SPY Jan 6th 686 put for .66. Today’s 686 will expire, barring some last minute crash, in which case I will close it.

My other two expire tomorrow so I will let them ride since they are close enough to the money, 687 and 689.

#FuzzyLEAPs I was assigned 200 shares of $SPY from my Jan 2nd 687 puts. Oddly, I was NOT assigned from my deeper ITM 689 put. That may have been due to margin considerations.

Today I sold the stock for 686.75. Cost basis was 685.78, given the price of my roll trade on Wednesday.

Then:
Sold (1) Jan 5th 687 put for 2.40
Sold (1) Jan 5th 686 put for 1.74

Also:
Rolled Jan 2nd 689 put to Jan 6th 689 put, .90 credit (skipping a day to avoid assignment)

Pretty easy management of the assignment. Wish I had waited a bit to sell the puts because now they are over a dollar higher each.

#FuzzyLEAPs Rolled $SPY Dec 30th 687 puts to Jan 2nd 687 puts for 1.22. (Two puts with total rolls of 13.57 and 7.44 respectively).

I am traveling rest of today and tomorrow, so rolled to Friday expiry. Doing the same with my 689 put.

#FuzzyLEAPs Rolled $SPY Dec 29th 687 puts to Dec 30th 687 puts for .65.

Working on rolling the 689 put.