📅 Wednesday, August 13, 2025
📍 SPX at Entry & Exit: 6,440
I closed the 10-lot double calendar from Day 30 shortly after the open this morning, locking in a $494 profit for a 2.2% return on capital.
🔧 Trade Details (from Day 30)
- 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
- Exit Credit: 22.80
- Profit: +0.55 pts × 10 = $550
- Reported Net P&L: $494 (after slippage/fees)
- Capital Deployed: $22,250
- Return: 2.2%
- Time in Trade: overnight
🧠 Trade Recap
The market opened in a favorable spot, allowing for quick premium expansion across both sides. Rather than risk reversal or time decay ahead of Thursday expiration, I exited and locked in the gain early.
⚠️ 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.