#FuzzyLEAPs
Rolled $XSP Oct 15th 778 puts to Oct 19th 778 puts, .30 credit
Rolled $XSP Oct 15th 780 puts to Oct 20th 780 puts, .02 credit

Frankly, I’m very frustrated with my failure to properly track another drop. So I rolled early and am getting away from my screens for the day.

#FuzzyLEAPs. Well, here we are again at the start of a possible pullback, and yet again I’m stuck with my pants down. It was probably a mistake to not heed the CPI data release. I had figured before that I may want to let positions expire and not roll them before data releases, especially now when inflation & interest rates are more likely to be bad news than good. That would give me the chance to see how the market plays out and place a much lower strike if necessary. But I didn’t take that action.

My second mistake was not rolling at or soon after the open, in hopes we might just recover from the premarket dip. I had ample opportunity for a decent roll of 778 and a roll-down of 780 puts. But that’s now firmly gone and I’m faced with another period of stagnation with this strategy.

I just can’t crack it.

#FuzzyLEAPs
Rolled $XSP Oct 13th 778 puts to Oct 14th 778 puts, 1.00 credit
Rolled $XSP Oct 14th 780 puts to Oct 14th 780 puts, 1.30 credit

#FuzzyLEAPs Filled these on the move lower, hoping we can stay at these levels for awhile to generate premium before we need to take another dip.
Rolled $XSP Oct 12th 775 puts UP to Oct 13th 780 puts, 1.20 credit
Rolled $XSP Oct 12th 778 puts to Oct 13th 778 puts, .60 credit

#FuzzyLEAPs
Rolled $XSP Oct 9th 775 puts to Oct 12th 775 puts, .60 credit
Rolled $XSP Oct 9th 778 puts to Oct 12th 778 puts, .60 credit

#FuzzyLEAPs
Rolled $XSP Oct 8th 775 puts to Oct 9th 775 puts, .75 credit

#FuzzyLEAPs Back to rolling downward…
Rolled $XSP Oct 7th 776 puts DOWN to Oct 8th 775 puts, .55 credit
Still have 780’s to contend with

#FuzzyLEAPs I was stuck with 780+ strikes deeply underwater for weeks, and as soon as I give up and take the loss (on Sept 25) the market shoots to all time highs. So irritating.

Rolled $XSP Oct 6th 774 puts UP to Oct 7th 780 puts, .72 credit

#FuzzyLEAPs I’m looking to even it all out this week, with the end goal of short strikes expiring each day and finally all ATM or OTM. It’s happening faster than expected; all OTM now, with farthest expiration now on Wednesday. Also rolled a strike DOWN while market shot up above it, and rolled another strike much higher but still decently OTM. I plan to be on top of rolling short strikes lower for the next dip or correction and not get stuck ITM.

Rolled $XSP Oct 6th 777 puts DOWN to Oct 7th 776 puts, .10 credit
Rolled $XSP Oct 5th 768 puts UP to Oct 6th 774 puts, .80 credit

#FuzzyLEAPs
Rolled $XSP Oct 2nd 768 puts to Oct 5th 768 puts, .60 credit
Also on Wednesday’s morning highs, rolled Oct 2nd 778 puts DOWN to Oct 6th 777 puts, .10 credit.

777 now my highest strike, working to roll down.

#FuzzyLEAPs Another day with bond yields reaching new heights. Every time this happened before was followed by a financial crisis. So I rolled down two strikes. I have other positions at higher strikes still not expiring for a week or two. This strategy continues to be a struggle for XSP, without meaningful profit for weeks again. The only solution may have to be just to take a hit to roll lower as rolling down and out for profit gets you stuck if the market fails to make new highs.
Rolled $XSP Sep 29th 770 puts DOWN to Oct 2nd 768 puts, .65 credit

#FuzzyLEAPs
Rolled $XSP Sep 28th 770 puts to Sep 29th 770 puts, 1.00 credit. Filled soon after the opening bell.

#FuzzyLEAPs I threw in the towel on my DITM puts. I had the Oct 16th 783 puts, which were just too far out in time and too DITM to roll down. So I rolled back in time and down so I can resume daily trading and also be poised to roll lower if necessary.
Rolled $XSP Oct 16th 783 puts DOWN to Sept 28th 770 puts, -12.30 debit

I hopefully can recoup that debit in about three weeks with daily ATM rolls.

These rocketing bond yields have me a bit spooked.

#FuzzyLEAPs Possibly booking myself a vacation by jumping out in time… using the pre-market rally to roll down strikes. I won’t wait for expiration if the rally continues and rolling becomes lucrative before the expiry dates.
Rolled $XSP Sep 21st 779 puts to Oct 2nd 778 puts, .39 credit
Rolled $XSP Sep 21st 784 puts to Oct 16th 783 puts, .90 credit

#FuzzyLEAPs i think today set a record for biggest LOSSES in a roll. I actually had one decent pullback for profit but was holding out for more when it bounced to never return. The saving grace is we had a good up day. This strategy is crashing down around me and I’m only holding on with hopes that I can better manage roll-downs on future drops. I think after today I’m going to start rolling out in the future rather than continuing to try swing-rolls; they worked great during June’s downside warning, but have flopped dramatically for the past month.
Rolled $XSP Sep 17th 779 puts to Sep 18th 779 puts, -1.60 debit
Rolled $XSP Sep 17th 784 puts to Sep 18th 784 puts, -1.10 debit

#FuzzyLEAPs Annoying long wait after legging out early, but wanted to finish the trade before FOMC. I missed several fills due to low liquidity of these deep ITM options.
Rolled $XSP Sep 16th 779 puts to Sep 17th 779 puts, .20 credit
Rolled $XSP Sep 16th 784 puts to Sep 17th 784 puts, .05 credit

#FuzzyLEAPs
Rolled $XSP Sep 15th 779 puts to Sep 16th 779 puts, .60 credit
Rolled $XSP Sep 15th 784 puts to Sep 16th 784 puts, .45 credit

#FuzzyLEAPs Another day of middling swing roll attempts.
Rolled $XSP Sep 14th 779 puts to Sep 15th 779 puts, .20 credit
Rolled $XSP Sep 14th 784 puts to Sep 15th 784 puts, -.50 debit

#FuzzyLEAPs It took a decent up day for me to finally pick a good entry
Rolled $XSP Sep 11th 784 puts to Sep 14th 784 puts, 1.00 credit

Now need to swing-roll the 779 puts

#FuzzyLEAPs Still struggling to choose good exit points for these swing rolls. Plus getting deeper ITM means less liquidity and wider bid/ask; got to be 20.30 ITM to sell the option for 20.00.
Rolled $XSP Sep 10th 784 puts to Sep 11th 784 puts, -.30 debit
Rolled $XSP Sep 11th 779 puts to Sep 11th 779 puts, -.35 debit