📈 Market Recap
- SPX Weekly Range: ~6370 to 6400 — tight, low-volatility channel
- Macro Events:
- Major earnings behind us (AAPL, AMZN, MSFT)
- Fed/FOMC already priced in
- No significant economic reports until next week (CPI/NFP)
⚙️ Executed Trades
📌 Trade 1 — Double Calendar
- 🔢 Size: 4 contracts
- 📉 Strikes: 6320p / 6430c
- 📆 Expirations: Shorts: Jul 30, Longs: Aug 4
- 💵 Debit Paid: 31.35
- 💰 Exit Credit: 32.00
- ✅ Realized P/L: +$238
- ⏱️ DIT: 1 day
📌 Trade 2 — Double Calendar
- 🔢 Size: 6 contracts
- 📉 Strikes: 6325p / 6460c
- 📆 Expirations: Shorts: Jul 31, Longs: Aug 5
- 💵 Debit Paid: 21.10
- 💰 Exit Credit: 21.00
- ❌ Realized P/L: –$94
- ⏱️ DIT: 1 day
📌 Trade 3 — Double Calendar
- 🔢 Size: 6 contracts
- 📉 Strikes: 6295p / 6440c
- 📆 Expirations: Shorts: Jul 31, Longs: Aug 5
- 💵 Debit Paid: 21.25
- 💰 Exit Credit: 22.10
- ✅ Realized P/L: +$476
- ⏱️ DIT: 1 day
📌 Trade 4 — Iron Butterfly Hedge
- 📉 ATM Iron Fly (5-pt wide)
- 📆 Closed same day
- ✅ Realized P/L: +$40
💰 Weekly Summary
| Metric | Value |
|---|---|
| Total Trades | 4 |
| Green Trades | 3 |
| Red Trades | 1 |
| Win Rate | 75% |
| Total Realized P/L | +$660 |
| Max Loss (1 trade) | –$94 |
| Avg DIT | 1 day |
| Capital at Risk (avg) | 30–40% |
| Hedging Used | ✅ (Iron Fly) |
📌 Strategy Notes
- ✅ Exited all positions early next morning — avoiding theta decay or gamma risk.
- ✅ Iron Fly added well-timed hedge and extra P/L.
- ⚠️ Trade 2 shows tighter edge — lower debit could improve risk/reward.
- 📉 All DCs had narrow width (~100–140 pts) due to compressed volatility.
🧠 Lessons Learned
- Smart to skip Monday morning entry — afternoon gave cleaner pricing post-earnings digestion.
- Trade staggering worked well (Tue AM & PM).
- Iron Butterfly remains a great tactical tool near DC center.
⚠️ 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.