🌀 Calm Trade, Clean Exit
Today’s trade was smooth — no panic, no surprises. Just execution.
I opened a 4-lot SPX 2/7 Double Calendar around 6320p/6430c, with the underlying sitting at 6389 near the close.
🧾 Trade Details
Underlying (SPX): 6389
Entry Debit (per spread): 31.35
Exit Credit (per spread): 32.00
Position Size: 4 contracts
Total Cost: $12,540
Total Exit Value: $12,800
Profit: $260 (+2.07%)
🔧 Position Breakdown
- Short Put (Jul 30, 6320) – 4 @ 5.14 cr
- Short Call (Jul 30, 6430) – 4 @ 4.64 cr
- Long Put (Aug 4, 6320) – 4 @ 20.26 db
- Long Call (Aug 4, 6430) – 4 @ 20.87 db
💭 Reflection
This was one of those trades where the market didn’t throw any curveballs.
No sharp delta shifts. No VIX drop mid-day.
Just theta doing its job, and premium sliding in my favor.
I closed at 3:59 PM, locking in a $260 profit. Not a home run — but a high-confidence single.
💡 Sometimes, the best trades are the boring ones.
That said, I intentionally closed before the close to avoid overnight risk, especially with a heavy week ahead:
- FOMC rate decision
- Major earnings: Apple, Amazon, Google, Microsoft
With uncertainty this high, I’m choosing capital protection over chasing overnight theta.⚠️ 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.
⚠️ Disclaimer
This blog is for educational and documentation purposes only. It reflects my personal trading journey and is not financial advice. Options trading involves significant risk and is not suitable for all investors. Strategies discussed may not be appropriate for your situation. Past performance does not guarantee future results. Please do your own research or consult with a licensed financial advisor before making any investment decisions.