SPX 2/7 Double Calendar Trade
I opened the following SPX double calendar, allocating 50% of my portfolio for this trade.
Position Details:
- Short Puts (Jul 16, 6200) – 7 contracts @ 5.30 cr
- Short Calls (Jul 16, 6330) – 7 contracts @ 3.65 cr
- Long Puts (Jul 21, 6200) – 7 contracts @ 15.62 db
- Long Calls (Jul 21, 6330) – 7 contracts @ 14.73 db
Total Debit: 21.40 per spread
Total Cost: $14,980
At the end of the day, with the spread priced at 22.70, I decided to close the trade for a $857 profit (+5.7%).
Why I closed early:
- Locked in a solid intraday gain
- Avoided overnight gap risk
- Sacrificed potential theta decay benefit for risk management
⚠️ Disclaimer: This is my personal trading journal, shared for educational purposes only. Nothing here is financial advice or a recommendation to buy, sell, or trade. Please do your own research and understand the risks before making any trading decisions.