📅 Tuesday, August 19, 2025
📍 SPX at Entry: 6,403
Today I opened a 7-lot SPX 2/7 DTE double calendar. The market hovered near the lower end of the expected range, which made for a slightly bearish-leaning setup.
🔧 Trade Details
- Contracts: 7-lot
- Short Legs (Aug 21):
- 6340 Put (STO @ 5.80 cr)
- 6455 Call (STO @ 4.00 cr)
- Long Legs (Aug 26):
- 6340 Put (BTO @ 20.20 db)
- 6455 Call (BTO @ 18.30 db)
- Net Debit: 28.70
- Current Credit (EOD): 28.15
- Unrealized P/L: –0.55 pts × 7 = –$385
- Capital Deployed: $20,090
- Status: Open
🧠 Market Context
SPX was range-bound throughout the session, and despite a solid premium capture, implied volatility didn’t provide a boost. With short strikes ~60 points wide, the trade has room to work — but I’ll be watching for any breakout toward 6460+ or drop below 6350.
✅ Recap
- Day: 37
- Strategy: SPX 2/7 DTE Double Calendar
- Capital Deployed: $20,090
- Unrealized Loss: ~$385 (–1.9%)
- Position Status: Open
⚠️ 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.