📅 Tuesday, August 12, 2025
📍 SPX at Entry: 6,440
Today I opened a 10-lot 2/7 DTE double calendar and chose to carry it overnight. SPX moved closer to the call side of the structure, but there was no exit signal during the session.
🔧 Trade Details
- Contracts: 10-lot
- Short Legs (Aug 14):
- 6380 Put (STO @ 5.14 cr)
- 6485 Call (STO @ 3.70 cr)
- Long Legs (Aug 19):
- 6380 Put (BTO @ 15.74 db)
- 6485 Call (BTO @ 15.35 db)
- Net Debit: 22.25
- Capital Deployed: $22,250
📉 Current Status (End of Day Snapshot)
- Estimated Exit Value: 22.10 credit
- Unrealized P/L: –0.15 pts × 10 = –$150
- Return (Unrealized): –0.7%
- Position Status: Open
🧠 Outlook
SPX is testing the upper half of the calendar range. If we see even a mild pullback or implied volatility expansion tomorrow, this structure could rebound. Staying patient and letting theta work overnight.⚠️ 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.