Today I ran another 9/23 Double Calendar, but this one ended slightly red. The position just didn’t move in my favor, and I chose to flatten out rather than let it drag further.
📉 Trade Summary
- Opened: Thu, Sep 25, 2025 @ 10:24 AM ET
- Underlying: SPX @ 6614
- Lot Size: 2
- Debit Paid: 68.60
- Exit Credit: 68.00
- P/L: –$131 (–1.0%)
Legs:
- Short 6535 Put (Oct 6) @ 26.86
- Short 6690 Call (Oct 6) @ 22.66
- Long 6540 Put (Oct 20) @ 59.61
- Long 6690 Call (Oct 20) @ 58.51
🧠 Reflection
Losses like this don’t feel great, but they’re part of the process. The 9/23 DC is still a relatively new addition to my system, and days like this are data points that help me refine when and where it works best.
One trade doesn’t define the journey — it’s the accumulation of disciplined decisions that shapes the outcome.
I’ll take the small scratch and move on, keeping focus on consistency and long-term edge.
⚠️ 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.