📅 Thursday, August 21, 2025
📍 SPX at Entry & Exit: 6,403
I closed the 7-lot double calendar opened on Day 37, locking in a clean $731 profit, which is a 3.6% return on deployed capital. The market stayed within range, and the structure matured as planned.
🔧 Trade Details (Opened Aug 19)
- 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
- Exit Credit: 29.80
- Profit: +1.10 pts × 7 = $770
- Reported P&L (after fees): $731
- Return: 3.6%
- Capital Deployed: $20,090
- Time in Trade: 2 days
- Status: Closed
🧠 Strategy Recap
SPX stayed comfortably between the short strikes, allowing the short legs to decay and the long legs to hold premium. Timing the exit before expiry avoided gamma risks and booked gains at peak pricing.
⚠️ 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.