Week of Apr 6–Apr 12, 2026
The biggest win of the record so far didn’t involve anyone watching a screen. The March 18 strangle had a good-til-canceled buyback resting at 3.15, and at 4:16 AM on Wednesday, April 8 the overnight market reached down and filled it. Sold at 7.90, closed at 3.15: $458.04 after fees, held three weeks, finished while the account’s owner was presumably asleep. Later that day a new strangle went on for May 29, strikes 4750 and 7650, at an 8.20 credit, the richest entry of the record to date.
Closed: May 8 strangle
+$458.04
2 contracts, sold 7.90 Mar 18, closed 3.15 Apr 8. Held 21 days
Opened same day
8.20 pts
2x /ESM6 May 29 4750P / 7650C strangle, about $820 credit
What actually happened
| Date | Action | Details |
|---|---|---|
| Wed Apr 8, 4:16 AM | Closed | 2x /ESM6 May 8 4500P/7600C strangle, 3.15 debit, GTC order. +$458.04 |
| Wed Apr 8 | Opened | 2x /ESM6 May 29 4750P/7650C strangle, 8.20 credit |
The full cycle write-up for the win is in the trade journal. The detail this weekly entry cares about is the re-entry: put strike lifted from 4500 to 4750, call strike kept at 7650-ish territory, and a credit even richer than the last one. Volatility was still elevated enough to pay 8.20 for the same shape that earned 4.15 in February. The market was offering double wages for danger work, and the account kept taking the shift.
What moved the market this week?
The recovery run was underway in earnest: equities were climbing off the March lows in a streak that would stretch to mid-April, even as the war and oil remained the background noise. For a short strangle, a steady climb is fine right up until it isn’t; the 7650 call was the working side of the risk while the index ground higher. Nothing in the log connects the entry timing to any specific headline, and the honest read is that this was the routine cycle repeating: close, re-sell, wait.
Anything new tried?
The resting GTC exit deserves the mention. Rather than watching for a price, the account parked a buyback at its target and let the 23-hour futures session do the work. After the fill, that habit shows up again and again in the log.
Takeaway
+$458.04, the account’s biggest realized win to this point, earned by the least dramatic method available: pick a target, park the order, wait three weeks. The next entry is the other side of that coin, because the 8.20-credit strangle opened this week is the one that ends with a one-in-the-morning exit at a loss.
Frequently asked questions
What was this account's biggest win to this point?
The /ES May 8 4500/7600 short strangle: sold March 18 for 7.90, bought back April 8 for 3.15, a net profit of $458.04 after fees across 2 contracts, held 21 days.
Why did the closing order fill at 4:16 in the morning?
The buyback was a good-til-canceled limit order resting at 3.15. /ES futures options trade nearly around the clock, and the market touched that price during the overnight session. Nobody was awake clicking buttons; the order was doing the waiting.
What was the new position opened this week?
A 2-contract /ES May 29 short strangle, 4750 put and 7650 call, sold April 8 for an 8.20 credit, the richest entry credit of the record so far. That position's story ends badly two weeks later and has its own journal entry.