Today I had two trades that closed green, each teaching me something different about my evolving framework of 2/7 and 9/23 Double Calendars.
📈 Trade 1 — 9/23 Double Calendar
- Opened: Mon, Sep 29, 2025 @ 9:35 AM ET
- Underlying: SPX @ 6668
- Lot Size: 3
- Debit Paid: 61.85
- Exit Credit: 62.85
- P/L: +$283 (+1.5%)
Legs:
- Short 6600 Put (Oct 8) @ 23.12
- Short 6735 Call (Oct 8) @ 18.98
- Long 6600 Put (Oct 22) @ 52.67
- Long 6740 Call (Oct 22) @ 51.28
💡 Reflection:
I’m still learning how to manage the 9/23 Double Calendar. For now, I took a small profit. In the future, I want to let these run longer to see if they can deliver stronger returns. Today’s exit was more about data gathering and discipline than maximizing P/L.
📈 Trade 2 — 2/7 Double Calendar
- Opened: Mon, Sep 29, 2025 @ 3:05 PM ET
- Closed: Same day @ 3:55 PM ET
- Underlying: SPX @ 6657
- Lot Size: 10
- Debit Paid: 25.10
- Exit Credit: 26.10
- P/L: +$944 (+3.8%)
Legs:
- Short 6605 Put (Oct 1) @ 7.39
- Short 6700 Call (Oct 1) @ 5.64
- Long 6605 Put (Oct 6) @ 18.99
- Long 6700 Call (Oct 6) @ 19.14
💡 Reflection:
This trade was more in line with my 2/7 DC framework — a clean entry, held for a few hours, and exited with a solid profit. This is exactly the kind of setup that keeps me consistent.
📊 Combined Results (Day 78)
- Total Profit: +$1,227
- Return: ~+5.3%
🧠 Lessons Learned
- New Strategies Need Patience
- The 9/23 DC is promising, but I need to practice holding longer. Today’s early exit was safe, but possibly left money on the table.
- Framework Trades Feel Natural
- The 2/7 DC continues to feel like home base: quick, systematic, and reliable.
- Small + Large Wins Compound
- Even modest profits stack alongside bigger trades to keep the equity curve climbing.
⚠️ 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.