Was en route to make $102k in profits this week UNTIL FRIDAY RUINED ME
If I had sold on Thursday evening I would have collected $90k but instead I got GREEDY and decided to hold till expiry which was a BAD IDEA (why did noone tell me about taking profits early??)
Came back from screen golf on Friday afternoon to see my positions in SHAMBLES.
Managed to throw in a last minute CCS hedge for a $20k offset and sneak out with a measly $6k net gain for this week.
I had basically risked over $1mm in principal money to squeeze out $6k LOL but hey at least I didn't lose money right?
My positions were the following:
- 6400p / 6200p PCS due Mar 27 @ 19.57 net credit for 20 contracts = ($20,957) loss
- 6250p / 6150p PCS due Mar 27 @ 11.72 net credit for 20 contracts = $23,448 profit
- 6400p / 6300p PCS due Mar 27 @ 11.03 net credit for 20 contracts = ($38,039) loss
- 6310p / 6210p PCS due Mar 27 @ 10.77 net credit for 20 contracts = $21,948 profit
- 6380c / 6400c CCS due Mar 27 @ 3.97 net credit for 50 contracts = $19,871 profit
- TOTAL = $6,271 net profit
Am planning to REVENGE TRADE this upcoming week to make back my gains, WISH ME LUCK
Till next week,
Systerix
Note I trade credit spreads on a weekly basis so follow me and look out for my next gains (or losses!)
For reference, my trades from last week (Mar 20, 2026) : https://www.reddit.com/r/wallstreetbets/comments/1rzei77/69k_profit_from_spx_credit_spreads_thank_you_iran/
https://i.redd.it/l2ycq9en6org1.png
Posted by systerix
14 Comments
Are you up or down all-time trading?
Today clapped my cheeks
Yeah I stop holding expiration now and close it out like at 60/70% .
Greedy bitch
https://preview.redd.it/xg1p3rltforg1.jpeg?width=1290&format=pjpg&auto=webp&s=0d0334fec3bb0d0ee3057ffa7f3ecf6437e47fa0
You were holding credit spreads with 1 dte, during an extremely volatile time, and you went screen golfing and ignored your positions while the market was open?
What the fuck man.
6k on 1M risk is like picking up pennies in front of a steamroller, especially in this tape. Glad it worked but that risk/reward is brutal unless you were hedged hard the whole time.
you didn’t lose money … this time … but you can always reach our goal the next time!
omg risking a million to make 6k is like me spending my entire paycheck on lottery tickets and winning just enough for a burrito 😭 at least you’re not in the red tho.
Yep. Take your apron it’s only a matter of time
How do you pick your strikes on your put credit spreads? Also do you always pick 5DTE?
Bro. Just buy 1dte spx puts before close every wednesday and cash out for 2x every thursday morning. It’s been that easy for the past 5 weeks
This is why taking profits matters more than being right.
it was going back and forth , one day up one day down so you throught the friday rally was coming. But MM took the candy away 🪇🪇