On Monday, Sep 22, 2025, I opened a 10-lot 2/7 DTE Double Calendar. The plan is to hold this trade for two days and let theta decay work in my favor.
📈 Trade Details
- Underlying: SPX @ 6695
- Net Debit (Entry): 24.35
- Lot Size: 10
Front Shorts (Sep 24 expiry):
- 6635 Put (STO @ 5.25)
- 6740 Call (STO @ 3.05)
Back Longs (Sep 29 expiry):
- 6635 Put (BTO @ 16.12)
- 6740 Call (BTO @ 16.53)
Current Premium: 24.80 (slightly above entry)
🧠 Reflection
The setup is clean: centered around SPX 6695, giving me balance on both sides.
My intention is to hold this for 2 days — unlike some recent trades where I exited early when profits hit 5–6%.
This week, I want to test myself on discipline:
- Allow automation to manage the trade.
- Only exit if delta rails are breached or if my stop-loss triggers.
- Avoid the temptation of locking in a “base hit” too early.
🔮 Outlook
The Fed week is behind us, but volatility remains. If SPX stays inside the tent, this trade could deliver a healthy gain. If not, I need to remind myself: one losing trade doesn’t break the system — overreacting does.
⚠️ Disclaimer
The information presented in this blog post is for educational and informational purposes only and is not intended as financial or investment advice. I am not a licensed financial advisor. All trading strategies discussed reflect my personal experience and are not recommendations to buy or sell any security or derivative.
Trading financial instruments such as options, futures, or stocks involves significant risk and may not be suitable for all investors. You should conduct your own research, consider your financial situation, and consult with a licensed financial advisor before making any investment decisions.
Past performance is not indicative of future results. Use of this information is at your own risk.