I am investing in a ‘double calendar’ with the stock ticker SPXL (which is based on the S&P 500), which makes money generally if the market goes up by 20% or down by 20% over the next 9 months.
The picture above is the trade. In text form that is: -10* Jan 26 SPXL strike 110 put +10* Jan 27 SPXL strike 110 put -10* Jan 26 SPXL strike 195 call +10* Jan 26 SPXL strike 195 call There are 4 legs in the trade, with the underlying currently at 142. The cost is $1800 per contract or $18000 total. If all goes well, the trade will be worth about $28000 at the end of the year. The good thing about this trade is if we drop by 20%, this trade should still be mildly profitable. If the market is crashing, this trade allows you to close it and get out breaking even as long as you close it during the week of the crash (due to rising VIX).
我正在投资一个“双日历”，股票代码为 SPXL（基于标准普尔 500 指数），如果市场在未来 9 个月内上涨 20% 或下跌 20%，一般都会赚钱。
上图是交易。
文本形式为：
-10* 1 月 26 日 SPXL 执行价 110 看跌期权
+10* 1 月 27 日 SPXL 执行价 110 看跌期权
-10* 1 月 26 日 SPXL 执行价 195 看涨期权
+10* 1 月 26 日 SPXL 执行价 195 看涨期权
交易中有 4 条腿，标的物目前为 142。
成本为每份合约 1800 美元，总成本为 18000 美元。如果一切顺利，到年底这笔交易的价值将达到约 28000 美元。
这笔交易的好处是，如果我们下跌 20%，这笔交易仍然应该能略微盈利。
如果市场崩盘，只要您在崩盘的那一周（由于 VIX 上涨）关闭交易，此交易就允许您关闭交易并获得盈亏平衡
I am investing in a ‘double calendar’ with the stock ticker SPXL (which is based on the S&P 500), which makes money generally if the market goes up by 20% or down by 20% over the next 9 months.
The picture above is the trade. In text form that is: -10* Jan 26 SPXL strike 110 put +10* Jan 27 SPXL strike 110 put -10* Jan 26 SPXL strike 195 call +10* Jan 26 SPXL strike 195 call There are 4 legs in the trade, with the underlying currently at 142. The cost is $1800 per contract or $18000 total. If all goes well, the trade will be worth about $28000 at the end of the year. The good thing about this trade is if we drop by 20%, this trade should still be mildly profitable. If the market is crashing, this trade allows you to close it and get out breaking even as long as you close it during the week of the crash (due to rising VIX).2026-01-16. 这是不同年份的OPTION， LONG 长期CALL/PUT（2027年）， SHORT 短期CALL/PUT（2026年）