After yesterday’s whipsaw action, today brought the kind of quiet, orderly market that Double Calendars thrive in.
The volatility expansion from Wednesday slowly eased overnight, and as theta decay did its work, my open 9/23 DTE Double Calendar recovered to a small but clean gain.
Sometimes, the best trade is simply waiting — letting time, not emotion, do the heavy lifting.
💼 Trade Summary
| Detail | Value |
|---|---|
| Date Opened | Wed, Oct 15 2025 – 10:28 AM |
| Date Closed | Thu, Oct 16 2025 – 8:35 AM |
| Underlying (SPX) | 6720 |
| Lot Size | 1 |
| Initial Debit (Entry) | 76.85 |
| Exit Credit (Close) | 78.00 |
| Profit/Loss | +$109 (+1.4 %) |
| Holding Period | Overnight (~22 hours) |
| Strategy | 9/23 DTE Double Calendar |
| Front Expiration | Oct 24 2025 |
| Back Expiration | Nov 7 2025 |
Option Legs
| Expiry | Strike | Type | Action | Qty | Price |
|---|---|---|---|---|---|
| Oct 24 | 6625 | P | STO | 1 | 31.65 cr |
| Oct 24 | 6805 | C | STO | 1 | 23.05 cr |
| Nov 7 | 6625 | P | BTO | 1 | 66.83 db |
| Nov 7 | 6805 | C | BTO | 1 | 64.72 db |
🧠 Trade Reflection
Yesterday’s decision to hold overnight was the right call.
Volatility calmed down, both short legs lost value, and theta decay added to the bottom line — exactly how this setup is supposed to behave when the market stabilizes.
Even though the gain was small, it was an important confidence-building trade — a reminder that sticking to the plan works better than overreacting to every intraday move.
💬 Mindset Notes
- Patience paid. No adjustments, no over-management.
- Small wins matter. A 1–2 % gain, repeated over time, compounds far more than chasing big days.
- Emotional stability > profit size. I didn’t second-guess the system this time.
“Consistency isn’t built in the big moments — it’s built in the quiet ones.”
⚙️ Strategy Outlook
- No new trades today — volatility remains neutral.
- Next planned entries: 2/7 DCs on Monday & Tuesday.
- Continue testing 9/23 DCs mid-week with small allocation.
⚠️ 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.