$SPY 20251215 681.0 PUT$ Anoth-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$SPY 20251215 681.0 PUT$ Another week, another exciting close to a Cash-Secured Put (CSP) on SPY!

As part of the first stage of my "Wheel" strategy, I was managing a CSP that was originally rolled down and out last Friday to yesterday's expiration. The day ended with a bit of drama—a last-minute market pullback caused SPY to close slightly In-The-Money (ITM) relative to my strike.

I made the decision not to roll the position again and mentally prepared myself to take the assignment, especially after seeing the price continue to dip slightly in the post-market and even further during after-hours trading. I have to admit, seeing those dips did bring a brief moment of regret about not rolling!

However, the midday surprise update today brought excellent news: No assignment was given! The contract was rendered worthless at expiration, and my capital is now free. Huge sigh of relief!

This experience is a great reminder of the unpredictable nature of options expiring just barely ITM. Sometimes, you get lucky with the mechanics of the clearing process.

Now, it's time to put that capital back to work. I’ll be back on the lookout for a new CSP opportunity when the market opens later today.

SPY PUT

12-16 13:26

US20251215 681.0

Side	Price	Realized P&L
Buy Close	0.00	+100.00% Closed

SPDR S&P 500 ETF Trust

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Comments

zoomzi
2025-12-16
zoomzi
Well played! SPY CSP drama shows how OTM can flip last-minute. Relief when it expires worthless! Capital ready for next round [666]

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1

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I have to admit, seeing those dips did bring a brief moment of regret about not rolling!\n   <p></p><span>However, the midday surprise update today brought excellent news: No assignment was given! The contract was rendered worthless at expiration, and my capital is now free. Huge sigh of relief!\n    <p></p><span>This experience is a great reminder of the unpredictable nature of options expiring just barely ITM. Sometimes, you get lucky with the mechanics of the clearing process.\n     <p></p><span>Now, it's time to put that capital back to work. I’ll be back on the lookout for a new CSP opportunity when the market opens later today.</span></span></span></span></span></span></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/OPT/SPY 20251215 681.0 PUT\">$SPY 20251215 681.0 PUT$&nbsp;</a><span>Another week, another exciting close to a Cash-Secured Put (CSP) on SPY!\n <p></p><span>As part of the first stage of my \"Wheel\" strategy, I was managing a CSP that was originally rolled down and out last Friday to yesterday's expiration. The day ended with a bit of drama—a last-minute market pullback caused SPY to close slightly In-The-Money (ITM) relative to my strike.\n  <p></p><span>I made the decision not to roll the position again and mentally prepared myself to take the assignment, especially after seeing the price continue to dip slightly in the post-market and even further during after-hours trading. I have to admit, seeing those dips did bring a brief moment of regret about not rolling!\n   <p></p><span>However, the midday surprise update today brought excellent news: No assignment was given! The contract was rendered worthless at expiration, and my capital is now free. Huge sigh of relief!\n    <p></p><span>This experience is a great reminder of the unpredictable nature of options expiring just barely ITM. Sometimes, you get lucky with the mechanics of the clearing process.\n     <p></p><span>Now, it's time to put that capital back to work. I’ll be back on the lookout for a new CSP opportunity when the market opens later today.</span></span></span></span></span></span></body></html>","text":"$SPY 20251215 681.0 PUT$ Another week, another exciting close to a Cash-Secured Put (CSP) on SPY! As part of the first stage of my \"Wheel\" strategy, I was managing a CSP that was originally rolled down and out last Friday to yesterday's expiration. The day ended with a bit of drama—a last-minute market pullback caused SPY to close slightly In-The-Money (ITM) relative to my strike. I made the decision not to roll the position again and mentally prepared myself to take the assignment, especially after seeing the price continue to dip slightly in the post-market and even further during after-hours trading. I have to admit, seeing those dips did bring a brief moment of regret about not rolling! However, the midday surprise update today brought excellent news: No assignment was given! The contract was rendered worthless at expiration, and my capital is now free. Huge sigh of relief! This experience is a great reminder of the unpredictable nature of options expiring just barely ITM. Sometimes, you get lucky with the mechanics of the clearing process. Now, it's time to put that capital back to work. 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