We are closing this trade for a profit. We have opened the trade paying 1.75 debit ($175) and today we are selling the Calendar for 2.15 credit ($215). This gives us a $40 profit in 11 days. The profit is before fees.
ORIGINAL TRADE:
We are currently in a very low volatility environment and for that, it may be better to open a calendar as it is Vega positive and thus optimal in low volatility. So we are opening the following trade:
Order Summary
Sell to Open 1 GLD 08/15/2025 Put 308
Buy to Open 1 GLD 09/19/2025 Put 308
Limit GTC @ 1.75 Debit
With this trade we are risking $177 but we may gain up to $361.64 profit if the trade expires at 308 strike:
Here is the options chain for this trade:
We will hold this trade for about 20-30 days and then close it early for either a loss or profit.
TRADE STATUS: CLOSED – WINNER
Challenge Account (2025)
Net-Liq: $4,005.90
P/L YTD: $1,321.21
Credit/Debit Total: $217.93
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