How a former CBOE Market Maker made $1,686 on One Contract: The Jelly Roll Options Strategy

🎯 ADVANCED OPTIONS STRATEGY: Former CBOE market maker Scott Ruble breaks down the sophisticated jelly roll options strategy that made $1,686 on a single contract in August 2025.

In this 47-minute educational round table, Scott explains how jelly rolls exploit the artificial buying that occurs every third Friday when S&P futures expire and large institutions need to replace their hedges.

⏰ KEY TIMESTAMPS:
0:00 - Introduction & Disclaimers
2:26 - What is a Jelly Roll Strategy?
3:15 - Program Trading & Market Efficiency
4:51 - S&P Futures vs Cash Arbitrage
9:37 - How Jelly Rolls Profit (Real Example)
13:49 - Artificial Demand on Third Fridays
15:09 - Trade Construction: Why Puts Instead of Calls
18:14 - Step-by-Step Trade Execution
22:23 - July Example: Settlement vs High of Day
25:48 - August Results: $1,686 Profit Breakdown
29:11 - The "Ghost" Problem & Margin Issues
32:23 - Four Different Exit Strategies
36:49 - Recent Performance: $5, $8, $17 Profits
38:16 - New AM Options Trading Rule (September 2025)
39:45 - September 13th Mini-Class Details
40:13 - Portfolio Hedging Success: 38.43% in 6 months

🔥 WHAT YOU'LL LEARN:
How to profit from S&P settlement mispricing every third Friday
Why artificial institutional buying creates predictable price movements
Advanced put time spread construction for market-neutral profits
Four different methods to handle margin complications

📚 ABOUT SCOTT RUBLE:
Former CBOE market maker, head options instructor at Optionetics, author of multiple options trading books, and creator of the weekly "Practical Options Tactics" classes. Recently completed a 6-month portfolio hedging study that returned 38.43% while the S&P gained 10.79%.

🎓 READY TO MASTER JELLY ROLLS?
Scott's teaching an intensive 8.5-hour Jelly Roll Mini-Class on Saturday, September 13th, 2025, with a LIVE trade walkthrough on Friday, September 20th (third Friday expiration).

Limited to 50 students for personalized instruction during the live trading session.

👉 REGISTER NOW: https://aeromir.com/jr

🆕 NEW RULE ADVANTAGE: Starting September 2025, AM options can be traded up to 30 minutes before market open - giving you a "mulligan" to adjust your position.

💡 MORE RESOURCES:
Aeromir Futures: https://futures.aeromir.com
Scott's Classes: https://stratagemtrade.com
Aeromir Trader Education and Alert Services: https://aeromir.com

⚠️ DISCLAIMER: This content is for educational purposes only and does not constitute financial advice. Options trading involves substantial risk and is not suitable for all investors.



Aeromir Corporation ( https://aeromir.com/ ) is an online education firm, with headquarters located in Colorado Springs, Colorado, that specializes in options, futures and forex trading. Our training programs and expert's services are designed to help you develop the trading skills to become a consistently profitable option trader. We offer training and trading products for all experience levels of traders and investors.

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