SYSTERIX – $69k gain from SPX credit spreads (Mar 6, 2026)

$69k gain this week from SPX credit spreads this Friday (Mar 6).

My positions were the following (all expiring Mar 6):

• 6600p / 6500p PCS @ 8.57 net credit for 30 contracts = $25,723 profit
• 6610p / 6510p PCS @ 9.27 net credit for 5 contracts = $4,637 profit
• 6650p / 6550p PCS @ 9.74 net credit for 40 contracts = $38,947 profit
• TOTAL = $69,307 net profit

I traded 75 contracts at 100-wide so basically I risked $750k in principal to make $69k in profits this week.

Please someone tell me I'm regarded / crazy / picking up pennies in front of a steamroller / I'm gonna lose it all – am waiting for that fat red week that will blow up my account inevitably LOL.

The Iran bombings have shot the VIX up TO THE MOON which is literally the equivalent of a buffet for thetagang traders like myself. 6600 is the KEY SPX support level at the moment. I CANT WAIT FOR NEXT WEEK

Note I trade credit spreads on a weekly basis so follow me and look out for my next gains (or losses!) post every Friday – GO BIG OR GO HOME

Till next week,

Systerix

For reference, gains from last week (Feb 27, 2026) : https://www.reddit.com/r/wallstreetbets/comments/1ri8s01/systerix_48k_gain_from_credit_spreads_feb_27_2026/