It’s been a couple months since I’ve done one of these. With SPX sitting where it was in late October and being near my highest short strikes it seemed like a good time. I’ll post actual numbers from both of my accounts. As I mentioned in my last update I felt 2025 was about as bad as it can get fighting an up market. If 2026 continues like it has so far just wide range sideways chop and high ((ish)) VIX it’s going to be a banner year!!
Biggest Position Account Summary:
Building positions:
4 added in Oct 2024
3 added in Feb 2025
1 added in May 2025
2 added in Aug 2025
2 added in Dec 2025
2 added in Feb 2026
Lots of various sized roll ups (23 total) eventually getting everything to 7000 strike in 2030 expiration.
Total Cost to this point:
879758
Total credit to close LEAPS (Fri prices):
816410
Loss on LEAPS:
-63348
Total premium received including outstanding short puts:
860899
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Total gain:
797551
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Smaller Position Account Summary:
Building positions:
1 added in Jul 2025
1 added in Aug 2025
1 added in Dec 2025
Lots of various sized roll ups (5 total) eventually getting everything to 7000 strike in 2029 expiration.
Total Cost to this point:
166078
Total credit to close LEAPS (Fri prices):
158580
Loss on LEAPS:
-7498
Total premium received including outstanding short puts:
148153
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Total gain:
140655
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Good luck everyone!!!
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