I opened 7 spreads again today, with each costing $23.00 per spread.
Total Cost: $16,100
Position Details:
- Short Puts (Jul 17, 6185) – 7 contracts @ 5.25 cr
- Short Calls (Jul 17, 6315) – 7 contracts @ 4.10 cr
- Long Puts (Jul 22, 6185) – 7 contracts @ 16.12 db
- Long Calls (Jul 22, 6315) – 7 contracts @ 16.23 db
Net Debit: 23.00
At the end of the day when the spread traded at 23.60, and I closed it for a $367 profit (+2.3%).
Thoughts:
Once again, my goal was to hold the double calendar overnight for theta decay. But with a quick intraday profit on the table, I chose to book it and avoid overnight risk.
I’ll live to trade another day.
⚠️ 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.