Today I added a new strategy variation to my trading plan — the 9/23 Double Calendar. This setup was inspired by discussions in the Option Omega community, and after running backtests, I found that it complements my current routine:
- 2/7 DTE Double Calendars on Mon & Tue
- 9/23 DTE Double Calendars on Wed, Thu & Fri
This way, I’ll always have trades across the week, giving me consistent market exposure and more opportunities to harvest theta decay.
📈 Trade Summary
- Opened: Wed, Sep 24, 2025 @ 9:52 AM ET
- Closed: Same day @ 4:08 PM ET
- Underlying: SPX @ 6650
- Lot Size: 3
- Debit Paid: 64.70
- Exit Credit: 65.80
- P/L: +$313 (+1.6%)
Legs:
- Short 6570 Put (Oct 3) @ 26.82
- Short 6730 Call (Oct 3) @ 22.99
- Long 6570 Put (Oct 17) @ 56.99
- Long 6730 Call (Oct 17) @ 57.52
🧠 Reflection
This was my first real-money test of the 9/23 structure, and it worked smoothly. The profit wasn’t huge, but that wasn’t the goal — today was about execution and validating the setup.
I like that this strategy:
- Extends my trading framework to all weekdays.
- Provides a longer exposure window (9-day shorts against 23-day longs).
- Smooths out the curve by balancing early-week and late-week trades.
📊 Closing Thoughts
Today’s +1.6% return is just a baseline, but I’m encouraged. With systematic entries and exits, the 9/23 DC might become a permanent part of the 1000 Days Challenge.
Small first step today — but potentially a big step in building a robust weekly trading framework.
⚠️ Disclaimer
The information presented in this blog post is for educational and informational purposes only and is not intended as financial or investment advice. I am not a licensed financial advisor. All trading strategies discussed reflect my personal experience and are not recommendations to buy or sell any security or derivative.
Trading financial instruments such as options, futures, or stocks involves significant risk and may not be suitable for all investors. You should conduct your own research, consider your financial situation, and consult with a licensed financial advisor before making any investment decisions.
Past performance is not indicative of future results. Use of this information is at your own risk.