Today I opened two Double Calendar positions — one 2/7 DC and one 9/23 DC — but unlike the recent quick same-day exits, there wasn’t enough volatility during the power hour to book quick profits. Both trades are being held overnight as part of the plan.
Sometimes the right move is to simply stay patient and let theta do its work.
📊 Trades Overview
| Trade | Strategy | Lot Size | Entry Premium | Current Premium | Status | Notes |
|---|---|---|---|---|---|---|
| 1 | 2/7 Double Calendar | 10 | 28.10 db | 28.20 cr | Open (Overnight) | Standard Tue entry, calm market so holding overnight. |
| 2 | 9/23 Double Calendar | 1 | 71.40 db | 69.80 cr | Open (Overnight) | Longer duration position; slower theta decay expected. |
🧾 Trade Details
Trade 1 — 2/7 Double Calendar
- Opened: Tue, Oct 7, 2025 @ 3:05 PM
- Underlying: SPX @ 6712
- Shorts:
- Oct 9 6650 P @ 8.30 cr
- Oct 9 6760 C @ 5.25 cr
- Longs:
- Oct 14 6650 P @ 21.82 db
- Oct 14 6760 C @ 19.83 db
- Net Debit: 28.10
- Current Value: 28.20
Trade 2 — 9/23 Double Calendar
- Opened: Tue, Oct 7, 2025 @ 9:37 AM
- Underlying: SPX @ 6752
- Shorts:
- Oct 16 6680 P @ 24.23 cr
- Oct 16 6820 C @ 18.14 cr
- Longs:
- Oct 30 6680 P @ 56.86 db
- Oct 30 6820 C @ 56.91 db
- Net Debit: 71.40
- Current Value: 69.80
💭 Reflection
- 🕒 The market stayed flat with very limited movement in the afternoon session.
- 🔁 Unlike the previous few trades, there was no quick volatility compression to take early profits.
- 📈 Holding both trades overnight is aligned with the October trading plan — giving theta time to work while staying within risk parameters.
In quieter markets, patience is not optional — it’s a strategy.
⚠️ 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.