#FuzzyLEAPs Back in the “sweet spot” where my daily strikes are near ATM. Since we’ve been droppinng the OTM one filled first. If we go higher I’ll get a nice fill on the ITM one.

Rolled UP $XSP May 12th 730 puts to May 13th 735 puts, 1.50 credit.

#FuzzyLEAPs
Rolled $XSP May 11th 732 to May 12th 732 puts, .25 credit
Rolled UP May 11th 730 puts to May 12th 740 puts, 1.50 credit

#FuzzyLEAPs
Rolled $XSP May 8th 732 puts to May 11th 732 puts, .69 credit
Rolled $XSP May 8th 730 puts to May 11th 730 puts, .51 credit

#fuzzyleaps
Rolled $XSP May 7th 732 puts to May 8th 732 puts, 1.01 credit
Rolled UP May 7th 725 puts to May 8th 730 puts, 1.00 credit

#FuzzyLEAPs No relief, gotta keep rolling up. I have noticed my account values have not moved up for two months now. This is in contrast to the first 4 months of this strategy, which saw steady profits. So what happened? The war correction, obviously, but what about my management of the trades stopped the profits? I was able to roll almost every day for a CREDIT the whole time, so I’m betting it was the roll DOWNs of both LEAP spreads and daily puts. It deprived me of some the profit I should have reaped when the recovery happened. I need to examine what happened and come up with a better approach for next time. Any feedback is also welcome.

Rolled $XSP May 6th 725 puts to May 7th 725 puts, .16 credit
Rolled UP May 6th 720 puts to May 7th 732 puts, .74 credit

Also rolled up 685 LEAPs to 730. My LEAPs are now at 710, 720, and 730.

#FuzzyLEAPs Very few good days for OTM puts. Just keep rolling higher.
Rolled $XSP May 5th 720 puts to May 6th 720 puts, .34 credit
Rolled UP May 5th 714 puts to May 6th 725 puts, 1.07 credit.

#FuzzyLEAPs Filled on the way
D
O
W
N
Rolled $XSP May 4th 720 puts to May 5th 720 puts, 1.00 credit
Rolled $XSP May 4th 714 puts to May 5th 714 puts, .50 credit

#FuzzyLEAPs Relentless upside continues so I keep rolling higher.
Rolled $XSP May 1st 714 puts to May 4th puts, .32 credit
Rolled UP May 1st 712 puts to May 4th 720 puts, .90 credit

#FuzzyLEAPs An awful day to delay rolling… I seem to get this wrong on a majority of days and can’t find a way to make it better
Rolled $XSP Apr 30th 712 puts to May 1st 712 puts, .23 credit
Rolled UP Apr 30th 710 puts to May 1st 714 puts, .37 credit

Also rolled up some LEAPs from 675 level to 720 level, 14.34 debit for that roll. Now my leaps are at 720, 710, and 685.

#FuzzyLEAPs Ending my day early, thanks to the Fed for high premiums.
Rolled $XSP Apr 29th 712 puts to Apr 30th 712 puts, 2.10 credit
Rolled $XSP Apr 29th 710 puts to Apr 30th 710 puts, 2.00 credit

#FuzzyLEAPs No waiting today
Rolled $XSP Apr 28th 712 puts to Apr 29th 712 puts, 1.40 credit
Rolled $XSP Apr 28th 710 puts to Apr 29th 710 puts, 1.20 credit

#FuzzyLEAPs Another drip UP day so waiting on OTM rolls worked out badly
Rolled $XSP Apr 27th 710 puts to Apr 28th 710 puts, .30 credit
Rolled UP Apr 27th 708 puts to Apr 28th 712 puts, .50 credit

#FuzzyLEAPs Waiting did NOT pay off Friday. Early was best for OTM rolls.
Rolled $XSP Apr 24th 710 puts to Apr 27th 710 puts for 1.20 credit
Rolled $XSP Apr 24th 708 puts to Apr 27th 708 puts for .87 credit

#FuzzyLEAPs Waiting paid off today; don’t know yet what this drop is about but I’ll take it
Rolled $XSP Apr 23rd 708 puts to Apr 24th 708 puts, 1.10 credit
I’m pushing it for the 710’s…

#FuzzyLEAPs Waited awhile today but no drop materialized…
Rolled $XSP Apr 22nd 710 puts to Apr 23rd 710 puts, 1.30 credit
Rolled $XSP Apr 22nd 708 puts to Apr 23rd 708 puts, .90 credit

#FuzzyLEAPs Rolled too early, but at least not at the highs.
Rolled $XSP Apr 21st 708 puts to Apr 22nd 708 puts, 1.00 credit
Rolled UP Apr 21st 700 puts to Apr 22nd 710 puts, 2.00 credit

#FuzzyLEAPs
Rolled $XSP Apr 20th 708 puts to Apr 21st 708 puts, 1.13 credit
Rolled $XSP Apr 20th 700 puts to Apr 21st 700 outs, .39 credit

Also sold to close Dec 2028 660/660/700 LEAP spreads for 24.35. Bought for 42.00 on March 19th.
Loss on LEAPs -17.65
Profit on daily put sales since Mar 19th (started as deep ITM): +35.50
I will be rolling this to higher strikes in one account.

#FuzzyLEAPs
Rolled $XSP Apr 17th 700 puts to Apr 20th 700 puts, .40 credit
Rolled UP Apr 17th 694 puts to Apr 20th 708 puts, 1.35 credit

#FuzzyLEAPs
Rolled $XSP Apr 16th 694 puts to Apr 17th 694 puts, .45 credit
Rolled UP Apr 16th 691 puts to Apr 17th 700 puts, 1.30 credit

#FuzzyLEAPs This market is pretty irrational, but I have to roll on the pullbacks rather than waiting for some late day dump that never comes. My account vales have dropped a lot this week due to bleeding LEAPs positions. I’m planning on liquidating the lowest ones as I’m transferring money between accounts so I’m reducing my position size. Then I need to roll others higher. I don’t feel like rolling strikes higher so taking meager premium.

Rolled $XSP Apr 15th 694 puts to Apr 16th 694 puts, .38 credit
Rolled $XSP Apr 15th 691 puts to Apr 16th 691 puts, .24 credit

Allowing 690 and 692 to expire without rolling to accommodate position size reduction.

#FuzzyLEAPs Looks like I will allow all of my now far OTM puts to expire and shift the strikes all higher. I will be shifting my LEAPs spreads higher, but would prefer to wait another day or two in case we get some drop from these nosebleed highs.

#FuzzyLEAPs As we moved lower from the opening, my strikes that are OTM filled…
Rolled $XSP Apr 10th 674 put to Apr 13th 674 put, .82 credit
Rolled Apr 10th 675 puts to Apr 13th 675 puts, .90 credit
Rolled Apr 10th 679 put to Apr 13th 679 put, 1.40 credit

My 684 ITM strike should fill on a healthy bounce, or I’ll lower my ask.

#FuzzyLEAPs
Rolled $XSP Apr 9th 674 puts rolled to Apr 10th 675 puts (one strike higher), 1.40 credit

#FuzzyLEAPs Back in the saddle with XSP trading in the midst of my short puts rather than way below them. If these levels hold or higher I will need to start moving my LEAP spreads back to original levels.

Rolled $XSP Apr 8th 679 put to Apr 9th 679 put, 1.00 credit
Will allow today’s 654 puts to expire and roll to much higher strike.

#FuzzyLEAPs Frist fill happened in pre-market…
Rolled $XSP Apr 7th 674 put to Apr 10th 674 put, .70 credit

#FuzzyLEAPs
Rolled $XSP Apr 6th 654 puts to Apr 7th 654 puts, 1.15 credit

#FuzzyLEAPs
Rolled $XSP Apr 2nd 654 puts to Apr 6th 654 puts, 3.00 credit

This filled on the opening bell and is my new personal record for most premium on a one-day calendar for XSP. The 3-day weekend and news-driven volatility certainly helped.

#FuzzyLEAPs Another difficult day to manage ITM puts. So far:

Rolled $XSP Apr 1st 654 puts to Apr 2nd 654 puts, 1.30 credit
Rolled $XSP Apr 1st 674 put to April 7th 654 put, .40 credit

#FuzzyLEAPs Trying to roll everything down by 3 points… exiting at different levels. So far:
Rolled $XSP Mar 31st 657 puts to Apr 1st 654 puts, 1.00 credit

#FuzzyLEAPs I’m stuck ITM on all positions so I need to exit on highs, and then sell next day on lows. It keeps being a pretty reliable trade; has worked on about 90% of my attempts since almost every spike higher is followed by a strong dip or drop. I might eventually drag everything low enough to be ITM, or the war will end and the market will just go back up.

So far today:
Rolled $XSP Mar 30th 668 put to Mar 31st 666 put, 1.00 credit
Rolled XSP Mar 30th 679 puts to Mar 31st 677 puts, 1.00 credit

#FuzzyLEAPs
Rolled $XSP Mar 26th 658 puts to Mar 27th 658 puts, 2.00 credit

#FuzzyLEAPs
Rolled $XSP Mar 25th 669 put to Mar 26th 669 put, 1.00 credit
Rolled $XSP Mar 25th 658 puts to Mar 26th 658 puts, 1.50 credit

#FuzzyLEAPs
Rolled $XSP Mar 24th 658 puts to Mar 25th 658 puts, 1.75 credit

#FuzzyLEAPs
Rolled $XSP Mar 23rd 658 puts to Mar 24th 658 puts, 1.42 credit
Rolled $XSP Mar 23rd 670 put to Mar 24th 670 put, .80 credit

#FuzzyLEAPs
Rolled Mar 20th 658 puts to Mar 23rd 658 puts, 2.30 credit
Rolled Mar 20th 670 put to Mar 23rd 670 put, .30 credit

For my higher strikes gonna need to try swing diagonals again.

#FuzzyLEAPs Massive management day. Rolled several LEAPs spreads down, and used those “credits” to roll several short puts down as well

Sold to close:
$SPY Dec 2028 690/690/730 spread for 53.54. Opened Dec 23rd for 33.56.
$XSP Dec 2028 695/695/735 spreads for 55.10. Opened Jan 28th and Feb 2nd, 38.95 (avg price)
$XSP Dec 2028 690/690/730 spreads for 47.30. Opened Jan 12th for 36.95.

Bought to Open
$XSP Dec 2028 660/660/700 spreads for 42.05 (avg price).

#FuzzyLEAPs
Rolled $XSP Mar 18th 672 puts to Mar 19th 672 puts, 1.50 credit

#FuzzyLEAPs
Rolled $XSP Mar 16th 672 puts to Mar 17th 672 puts, 1.60 credit.
All three of my other strikes still too high, so will try some swing-diagonals or push them out in time.

#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