Today, I opened 1 spread with the following details:
Position Details:
- Short Put (Jul 17, 6180) – 1 contract @ 2.40 cr
- Short Call (Jul 17, 6290) – 1 contract @ 7.09 cr
- Long Put (Jul 22, 6180) – 1 contract @ 12.62 db
- Long Call (Jul 22, 6290) – 1 contract @ 24.07 db
Net Debit: 27.20 per spread
Total Cost: $2,720
I closed the trade at 29.00, locking in a $172 profit (+6.3%).
Takeaway:
Another day with a quick gain. Even with a smaller size today, I stuck to my approach — take profits when available and avoid unnecessary overnight risk.
⚠️ 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.