Recent Updates Page 4
Econ Calendar 1/26 – 1/30
OptionsExpiration
SOXL 35/40 Bull Put Spread
SOXL 44/48.5 Bull Put Spread
SOXL 44.5/49.5 Bull Put Spread
SOXL 45/50 Bull Put Spread
SOXL 45.5/50.5 Bull Put Spread
SPY 651/658 Bull Put Spread
XSP 655/660 Bull Put Spread
HLT 307.5/302.5 Bear Call Spread (after several roll ups)
BOIL 15/21 Bull Put Spread
CPB 25.0 Put
DOW 33.0 Covered Call
HPQ 19.0 Put
INTC 44.5 Put
SOXL 54.0 Put
SPCE 4.5 Covered Calls
Assignments:
HPQ 20.0 Puts – will write covered calls next week
BOIL 18.0 Covered Call
BOIL 22.0 Covered Call
DVN HAL SLB Stocks
Sold tiny bits of all these at or above the former highs:
DVN at $38.88
HAL at $34.04
SLB at $49.68
#FormerFallingKnife
BOIL
Just noticed this
Early Assignment last night on some BOIL 19.0 Covered Calls
Bought the stock on 01/09 at $18.5 and $16 on put assignments
SPX
Whew! Crazy week. SPX almost unchanged.
12 total positions. Selling 5 every day and adding 5 with the ladder method and leaving 2 uncovered. I had been selling 8 and leaving 4 uncovered. Just experimenting to see how things react during the next selloff.
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 30.00)
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 31.00)
Bought to Close SPX Jan 23 2026 6825.0 Put @ .15 (sold for 42.20)
Bought to Close SPX Jan 23 2026 6850.0 Put @ .15 (sold for 52.50)
Bought to Close SPX Jan 23 2026 6875.0 Put @ .20 (sold for 63.00)
Sold SPX Jan 26 2026 6900.0 Put @ 11.00
Rolled SPX Jan 23 2026 6920.0 Puts to Jan 26 2026 6920.0 Puts @ 11.00 credit (29.60 total now)
Rolled SPX Jan 23 2026 6925.0 Put to Jan 26 2026 6925.0 Put @ 10.00 credit (28.00 total now)
Sold SPX Jan 30 2026 6825.0 Put @ 20.30
Sold SPX Feb 02 2026 6810.0 Put @ 21.50
Sold SPX Feb 03 2026 6800.0 Put @ 23.00
Sold SPX Feb 04 2026 6775.0 Put @ 22.20
Sold SPX Feb 05 2026 6770.0 Put @ 24.30
SPX
#FuzzyLEAPs
Decided to stagger my sales over a few days.
STO Jan 29th 2026 6815 Put @ 18.00 (38.30 total now)
(This is 4 trading days in the future, rather than one day.)
Each day, I will sell another put 4 days out, etc., until all of my short puts are sold. Plan to roll one each day, to the new 4-day out expiration. Kind of a time ladder version of FuzzyLEAPs. I’m hoping that his smooths out some of the volatility that happens when you sell a whole position every day.
SPX
#FuzzyLEAPs
Decided to stick with simple puts instead of spreads, so:
BTC Jan 23 2026 6900/6890 BUPS for 2.10 (sold for 4.50)
That leaves me with no outstanding puts sold. Waiting for a dip to sell the new one.
XSP and SPY rolls 1/23/26
#FuzzyLEAPs
Rolled $XSP Jan 23rd 692 put to Jan 26th 692 put, .90 credit.
SPY Expiration
Both expired so far this week
SPY 01/21/2026 663/668 Bull Put Spread
SPY 01/22/2026 659/664 Bull Put Spread
SPX
I got busy today and never got today’s roll done. An outstanding order to close today’s puts at 1.00 filled sometime this afternoon.
Current position:
Dec 20 2030 7700 LEAP Puts
Jan 23 2026 6900/6890 BUPS (50% of LEAPs)
LEAP cost: 927
Total credit per LEAP: 21.35
Credit as % of LEAP cost: 2.30%
Annualized: 71.97%
If I keep using spreads, I plan to sell 1DTE BUPS against half the LEAPs each day and either let the 0DTE half expire or close them for some small amount. If the 0DTEs are ITM, I’ll have to decide if it’s worth rolling them or just let them cash settle for max loss. In that case, the LEAPs should more than make up for the loss on the BUPS.
SPY roll 1/22/26
#FuzzyLEAPs Rolled $SPY Jan 26th 692 put to Jan 27th 692 put, .44 credit. Staying ahead of the expiry to avoid early assignment.
SPX SPY
Out most of the day so some early rolls.
Rolled SPX Jan 22 2026 6800.0 Put to Jan 23 2026 6825.0 Put @ 4.00 credit (31.00 total now)
Rolled SPX Jan 22 2026 6825.0 Put to Jan 23 2026 6825.0 Put @ 3.20 credit (42.20 total now)
Rolled SPX Jan 22 2026 6850.0 Put to Jan 23 2026 6850.0 Put @ 5.50 credit (52.50 total now)
Rolled SPX Jan 22 2026 6875.0 Put to Jan 23 2026 6875.0 Put @ 7.00 credit (63.00 total now)
Rolled SPX Jan 23 2026 6775.0 Put to Jan 23 2026 6825.0 Put @ 3.00 credit (30.00 total now)
Rolled SPX Jan 23 2026 6950.0 Puts to Jan 30 2026 6925.0 Puts @ 11.00 credit (66.15 total now)
Taking over half a month early:
Bought to Close SPX Feb 20 2026 6350.0 Put @ 14.60 (sold for 33.00)
SPY:
Taking about half a month early.
Bought to Close SPY Feb 20 2026 650.0 Put @ 2.48 (sold for 4.70)
SPX
I decided to try credit spreads for awhile, so:
Sold to open Jan 23 2026 6900/6890 BUPS @ 4.00
Small position, still working on today’s roll of the other puts.
SPX
6940 will be a fun number to watch. That would get us back to unchanged from last Friday’s close meaning all premium this week is free money!! White lines are Friday close and upper and lower expected moves for the week.
SPX
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Cost 927
Daily:
Rolled: Jan 21st 2026 6890 Put
To: Jan 22nd 2026 6885 Put
@ 3.50 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6851
Total Credit Per LEAP: 19.85
Credit as % of LEAP Cost: 2.14%
Days in Trade: 7
Annualized ROC: 76.48%
I saw Jeff’s Downside Warning and decided to take a little less premium and roll down one strike. Still only half the LEAPs covered.
SPX
With Trump talking rolling everything on the opening bounce.
Rolled SPX Jan 21 2026 6825.0 Put to Jan 22 2026 6825.0 Put @ 11.00 credit (39.00 total now)
Rolled SPX Jan 21 2026 6850.0 Put to Jan 22 2026 6850.0 Put @ 9.00 credit (47.00 total now)
Rolled SPX Jan 21 2026 6875.0 Put to Jan 22 2026 6875.0 Put @ 6.00 credit (56.00 total now)
Rolled SPX Jan 21 2026 6920.0 Puts to Jan 23 2026 6920.0 Puts @ 2.00 credit. (18.60 total now)
Rolled SPX Jan 21 2026 6925.0 Put to Jan 23 2026 6925.0 Put @ 2.00 credit. (18.00 total now)
PAYX Stock
Started a tiny new position in PAYX at the previous 52-week low at $107.80
Ex-div 01/28; Div = 3.88 %
XSP Puts
Sold 1 XSP 01/232026 655/660 Bull Put Spread at $0.28 Credit
XSP and SPY rolls 1/20/26
#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
NFLX Put Ladder
Sold 1 NFLX 01/23/2026 73/79 Bull Put Spread ar $0.33 Credit
Sold 1 NFLX 01/23/2026 73/78 Bull Put Spread ar $0.24 Credit
Sold 1 NFLX 01/23/2026 73/77 Bull Put Spread ar $0.16 Credit
#Earnings tonight
TQQQ,
STO Feb 27, 40 puts at .95
SPX
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Cost: 927
Daily:
Rolled: Jan 20th 2026 6890 Put
To: Jan 21st 2026 6890 Put
@ 10.00 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6856
Days in Trade: 6
Total Credit Per LEAP: 18.1
Credit as % of LEAP Cost: 1.95%
Annualized ROC: 81.36%
VIX
Expires tomorrow. Take what I can get today.
Sold to Close VIX Jan 21 2026 20/35 Bull Call Spreads @ .40 (sold for 1.29)
SPY
Starter just above the 200 day.
Sold SPY Feb 20 2026 650.0 Put @ 4.70
SPY Put Ladder
Sold 1 SPY 01/21/2026 663/668 Bull Put Spread at $0.20 Credit
Sold 1 SPY 01/22/2026 659/664 Bull Put Spread at $0.24 Credit
Sold 1 SPY 01/23/2026 651/658 Bull Put Spread at $0.21 Credit
SPX
Out the rest of the day so rolling on this first little bounce.
Rolled SPX Jan 20 2026 6920.0 Puts to Jan 21 2026 6920.0 Puts @ 4.50 credit. (16.60 total now)
Rolled SPX Jan 20 2026 6925.0 Put to Jan 21 2026 6925.0 Put @ 4.00 credit. (16.00 total now)
Rolled SPX Jan 20 2026 6950.0 Puts to Jan 23 2026 6950.0 Puts @ 5.00 credit. (55.15 total now)
SOXL Put Ladder
Sold 1 SOXL 01/23/2026 45.5/50.5 Bull Put Spread at $0.38 Credit
Sold 1 SOXL 01/23/2026 45/50 Bull Put Spread at $0.25 Credit
Sold 1 SOXL 01/23/2026 44.5/49.5 Bull Put Spread at $0.30 Credit
Sold 1 SOXL 01/23/2026 44/48.5 Bull Put Spread at $0.25 Credit
SPX
One of my all time lucky breaks. Fat finger last Thursday to a Friday AM roll. AMs expire by 10 points and buying power locked until today.
Pre-market:
Sold SPX Jan 21 2026 6875.0 Put @ 50.00
Sold SPX Jan 21 2026 6850.0 Put @ 38.00
Sold SPX Jan 21 2026 6825.0 Put @ 28.00
Sold SPX Jan 22 2026 6800.0 Put @ 27.00
Sold SPX Jan 23 2026 6775.0 Put @ 27.00
And at the 200 day:
Sold SPX Feb 20 2026 6350.0 Put @ 33.00
SPX
Earnings 1/19 – 1/23
Econ Calendar 1/19 – 1/23
Question for @fuzzballl about SPX LEAPs
What if we roll up the LEAP puts separately from the LEAP call spread in the #FuzzyLEAPs trade?
Roll up the put when the market is up and roll up the call spread when the market is down.
This would delay the extra investment in the rolling of the call spread, increasing the return.
Also, partially ITM call spread would work better as a hedge in SPX down move.
One thing I am not sure is how easy it would be to roll up a call spread that is 1/2 or more ITM.
OKLO
#optionsexpiration
#itsawinderfulworld
#patience
1.16.2026-45-put-OKLO-had-sold-for-$23.86.
Was-half-of-credit=put-spread-last-year. It-went-Horribly-against-me.
Sold-the-short-for-profit-and-rolled-long-to-yesterday.-Stock-Finally-turned-around-and-I-let-it-expire.
QQQI
#CSPs And Cash secured calls
#optionsexpiration
calls will be assigned and money back in my pocket for put sells monday.
1.16.26 Puts @54 expired worthless
1.16.26 CALLs @54 assigned
OptionsExpiration
Got by the big monthly expiration with a little pain from rolling up some calls, especially SLV and SOXL.
All was not lost though as TMO was a big winner.
EXPIRED:
SLV 60/70 Bull Put Spread
SLV 68/71 Bull Put Spread
SLV 70/74.5 Bull Put Spread
SLV 90/87 Bear Call Spread
SLV 85.5/83 Bear Call Spread
SOXL 43/46 Bull Put Spread
SOXL 43/47 Bull Put Spread
SOXL 43.5/47 Bull Put Spread
SOXL 45/47.5 Bull Put Spread
TMO 570/577.5 Bull Put Spread
TMO 572.5/582.5 Bull Put Spread
TMO 645/640 Bear Call Spread
TMO 635/630 Bear Call Spread
BAX 22.5 Covered Calls
CE 65.0 Covered Calls
DOW 32.0 Covered Call
MSTX 6.0 Covered Call
SPCE 4.5 Covered Calls
BOIL 14.0 Put
BOIL 15.0 Put
GIS 42.5 Put
MSTX 3.5 Put
MSTX 3.0 Put
SOXL 55.0 Put
SWKS 57.5 Put
No new assignments this week
HPQ Puts
Rolled 1 HPQ 01/16/2026 20.5 Put to 1 HPQ 01/23/2026 20.0 Put at $0.13 Credit (small gain on this week’s put)
Sold 1 additional HPQ 01/23/2026 20.0 Put at $0.21
#TinyPuts
Using XSP Long Put and Call LEAP
About a month ago @jeffcp66 mentioned an idea to use long call and put LEAP’s instead of the long put and a short call spread.
I have been testing this strategy live from early December 2025 and despite the Call premium being 2x the put premium, the strategy is viable.
Original position was Long Dec17’27 685 Put and Call. It was changed to Long 690 Put and 685 Call.
Pros:
Any loss on the put side is covered by the gain on the call side.
While #FuzzyLEAPs are naturally losing money in the up move, this trade does not.
Cons:
Definitely requires larger initial investment.
Difficulty to roll up the calls, as they get easily ITM.
Not sure how this position will behave in a strong down move, because the call premium was 2x the put premium.
SPX
Rolling these aggressively since I never got my AM expiration buying power power back. Lesson learned (especially on a 3 day weekend) Uugh.
Rolled SPX Jan 16 2026 6950.0 Puts to Jan 20 2026 6950.0 Puts @ 14.00 credit. (50.00 total now)
Sold 7 against 15 LEAPS (would’ve sold 12 if I could). Why are there even AM expirations at all? I can’t think of a good use for them.
Expired max profit: SPX Jan 16 2026 6950.0 Puts (sold for 33.00)
CPB Put
Sold 1 CPB 01/23/2026 25.0 Put at $0.07
#TinyPuts
BOIL Covered Calls
Rolled 1 BOIL 18.0 Covered Call to next week at $0.35 Credit
Rolled BOIL 19.0 Covered Calls to next week at $0.29 Credit
Rolled 1 BOIL 22.0 Covered Call to 1 BOIL Feb 06/2026 22.0 Call at $0.45 Credit (extending my BOIL Call ladder)
SOXL CMG HLT SLV Call spreads
Rolled Spreads that were in-the-money out and up for credits to next week
Letting a whole bunch of SOXL and SLV Puts expire (I hope)
GLD,
Sold another small trade of the Feb. 27, 400 puts at 3.60
SPX
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Daily:
Rolled: Jan 16th 2026 6915 Put
To: Jan 20th 2026 6890 Put
@ 4.70 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6943
Total Credit Per LEAP: 13.1
Credit as % of LEAP Cost: 1.41%
SPX
One add.
Sold SPX Jan 20 2026 6925.0 Put @ 12.00
SPX
At the open:
Bought to Close SPX Jan 16 2026 6850.0 Put @ .35 (sold for 12.00)
Bought to Close SPX Jan 16 2026 6875.0 Put @ .70 (sold for 12.00)
Sold SPX Jan 20 2026 6920.0 Puts @ 12.10
Waiting for AM settlement now due to my fat finger yesterday. First time I’ve ever had an AM expiration so once SET gets published I’m hoping I can sell those again. SPX closed at 6944 yesterday but was up about 15 at the open so hoping all my 6950s go worthless shortly.
Takes 30-60 minutes after the open:
AM-settled SPX options (standard monthly expirations) are cash-settled on the third Friday morning, based on the “Special Opening Quotation” (SOQ) of the S&P 500, calculated from the opening prices of all constituent stocks, with the final value published under the ticker SET after all stocks have opened, resulting in cash profits or losses credited/debited to accounts the next day, not share delivery.
XSP rolls for 1/16/26
#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.
SOXL Put
Sold 1 SOXL 01/16/2026 55.0 Put at $0.31
#1DTE
SPX
Finally got a little dip.
Fat fingered to AM expiration:
Rolled SPX Jan 15 2026 6940.0 Puts to Jan 16 2026 6950.0 Puts @ 6.00 credit. (33.00 total now)
Regular expiration:
Rolled SPX Jan 15 2026 6940.0 Puts to Jan 16 2026 6950.0 Puts @ 9.00 credit. (36.00 total now)
New carpet in the rental houses:
Rolled Dec 2029 6900 long puts up to Dec 2029 7000 long puts
Rolled Dec 2029 6900/7300 BeCS to Dec 2029 7000/7400 BeCS
Net debit for the whole thing: 32.60 per house
SPX
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Daily:
Rolled: Jan 15th 2026 6925 Put
To: Jan 16th 2026 6915 Put
@ 4.50 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6955
Total Credit Per LEAP: 10.75
Credit as % of LEAP Cost: 1.16%
GLD
STO Feb. 27, $400 puts at 3.10 for a small trade.
SOXL SWKS Puts
Sold 1 SOXL 01/16/2025 50.0 Put at $0.07
Sold 1 SWKS 01/16/2025 57.5 Put at $0.22
#TinyPuts
XSP rolls 1/15/26
#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.
SLV Expiration
1 SLV 55/60 Bull Put Spread
1 SLV 71/74.5 Bull Put Spread
1 SLV 73/75.5 Bull Put Spread
SPX
Added one more out to Friday. Filled just before the big bounce.
Sold SPX Jan 16 2026 6850.0 Put @ 12.00
CVX Stock
Sold out of my last tiny bit of CVX at the former 52-week high of $168.96.
Bought in September 2024 at $139.00
Thanks Venezuela
VIX 20/35 Bull Call spread
Rolled VIX Jan 20 20/35 Bull Call spread to Feb 17 20/35 for $0.67
TQQQ,
STO February 27, $45 puts at 1.60
SPX
Trying to bounce a little here. Take what I can get. Credit roll on a down day = free money!
Rolled SPX Jan 14 2026 6940.0 Puts to Jan 15 2026 6940.0 Puts @ 6.50 credit. (27.00 total now)
Where did the bounce start? 20 day moving average and the bottom of the weekly expected move.
SOXL Puts
Sold 1 SOXL 01/16/2026 43/47 Bull Put Spread at $0.20 Credit
#EveryLittleBitHelps
QQQI
#shortputs
Sto QQQI 16 JAN 2026 54 PUT @.22
SPX
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Daily:
Rolled: Jan 14th 2026 6925 Put
To: Jan 15th 2026 6925 Put
@ 9.50 Credit
LEAPs Covered: 50.00%
SPX @ Time of Roll: 6898
Naturally we are rallying after my fill, so I could have done even better by waiting. Oh well. 9.50 is still a decent amount of Benjamins!
XSP and SPY for 1/14/26
#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.
BOIL Put
Sold 1 BOIL 01/16/2025 14.0 Put at $0.06
#TinyPuts
CLX DOW GIS SLB
Taking some smallish gains on part of these positions near recent recovery highs
Sold CLX at $110.90 (recent low at $96.66)
Sold DOW at $28.17 (recent low at $20.40)
Sold GIS at $45.01 (recent low at $42.79)
Sold SLB at $46.63 – bought in September 2024 at $41
#FormerFallingKnife
TQQQBTC Feb. 13, $46 puts…
TQQQBTC Feb. 13, $46 puts at .95, sold at 1.70
TQQQ,
BTC Feb. 6, $46 puts at .72, sold at 1.21
I am back to 100% cash.
TQQQ,
BTC Feb. 20. $45 puts at 1.00, sold at 1.51 just to reduce risk.
SLV Puts
Sold 1 SLV 01/14/2026 71/74.5 Bull Put Spread at $0.14 Credit
Sold 1 SLV 01/16/2026 68/71 Bull Put Spread at $0.16 Credit
BAX MSTX SOXL
Sold BAX 01/16/2026 22.5 Covered Calls at $0.02
Sold 1 MSTX 01/16/2026 6.0 Covered Call at $0.02
Sold 1 MSTX 01/16/2026 3.5 Put at $0.07
Sold 1 MSTX 01/16/2026 3.0 Put at $0.03
Sold 1 SOXL 01/16/2026 41.0 Put at $0.06
#EveryLittleBitHelps
SPX
Added one out to Friday.
Sold SPX Jan 16 2026 6875.0 Put @ 12.00
SPX
Straight roll on the opening dip. Same credit as yesterday.
Rolled SPX Jan 13 2026 6940.0 Puts to Jan 14 2026 6940.0 Puts @ 8.00 credit. (20.50 total now)
SPX
#FuzzyLEAPs
Existing LEAP:
Dec 20th 2030 7700 Put
Daily:
Rolled: Jan 13th 2026 6925 Put
To: Jan 14th 2026 6925 Put
@ 4.50 Credit
LEAPs Covered: 50.00%
XSP and SPY rolls 1/13/26
#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.
SOXL
Added one more:
Bought 1 SOXL 01/23/2026 64.0 Call / Sold 1 SOXL 01/16/2026 59.0 Call at $0.24 Diagonal Credit
SPX
After doing some paper trading, I am ready to dive into the FuzzyLEAPs trade:
Bought to Open SPX Dec 20 2030 7700 Puts @ 927
Sold SPX Jan 13 2026 6925 Puts @ 3.00
I plan to scale in and out of the daily short puts, depending on how far SPX is above its 12-Month MA. For this opening trade, I sold half of the available position, leaving half of the LEAP puts uncovered. In future posts, I will represent this as a percentage, like this:
LEAPs 50% covered.
Also, I am simply buying the Put, without selling the Call Spread, just to keep it simple. I plan to always keep the LEAP Puts above the short Puts, to eliminate any margin requirements. I picked the 7700 LEAP Put to start with simply because it is 10% ITM.
My target delta for selling daily Puts is between 10 and 20, but that will vary of course depending on market movements.
Options Bistro 