Day 32: Booked a Small Win, Holding One Position

📅 Thursday, August 14, 2025

Today I closed a small Iron Butterfly trade for a tidy gain and continue to hold a 3-lot SPX double calendar that was opened yesterday.

✅ Closed Trade: Iron Butterfly

• Strikes:
  • Long Put: 6,445
  • Short Put & Call: 6,455
  • Long Call: 6,465
• Opened: August 13
• Closed: August 14 (DIT: 1)
• Credit to Open: $875
• Debit to Close: $810
• Capital at Risk: $125
• Profit: $65
• Return on Risk: 52.00%
• Return on Capital: 7.43%

This was a clean one-day setup that decayed well with SPX pinned near 6450. No adjustments needed — took profit during the morning session.

📌 Open Position: 3-Lot SPX Double Calendar

• Opened: August 13
• Short Legs (Aug 15):
  • 6400 Put (STO @ 6.20 cr)
  • 6525 Call (STO @ 3.95 cr)
• Long Legs (Aug 20):
  • 6400 Put (BTO @ 14.68 db)
  • 6525 Call (BTO @ 12.47 db)
• Net Debit: 17.00
• Current Credit: 16.15
• Unrealized P&L: –0.85 pts × 3 = –$255
• Unrealized Return: –5.0%
• Status: Open

This structure is wide, but today’s slight upward drift hurt the call side. Still holding to see if SPX reverts closer to 6460–6480 range tomorrow.

🧠 Summary

• Day: 32
• Trades Closed: 1
• Trades Open: 1
• Realized Profit: $65 (Iron Fly)
• Unrealized P&L: –$255 (Double Calendar)
• Overall Exposure: Light, defined-risk positions

⚠️ 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.