Week of Jul 27–Aug 2, 2026
Five SPX put credit spreads went on this week, and all five closed green, +$454.20 combined, and a 2-lot /ESU6 strangle held since July 10 finally closed out for another +$373.12 on top of that. Add it up and the week realized +$827.32, numerically one of the stronger weeks in this account’s short record. That number is not the actual headline. Monday’s trade was entered 22 minutes after the market opened, a real rule violation, and the index moved against it hard enough within the hour that the paper loss on the short leg alone hit roughly $2,480 before the position recovered and expired worthless for a $113.12 profit. It worked. It was still a mistake, and two new rules came out of it, which is the part of this week worth actually sitting with rather than the green numbers.
Week net, realized
+$827.32
Five closed SPX spreads (+$454.20) plus a 3-week-held /ESU6 position closing (+$373.12)
SPX, five for five
+$454.20
Every same-day SPX put credit spread this week closed profitably
Monday's real story
-$2,480 paper, then +$113.12
A rule-breaking early entry that worked out anyway; full write-up linked below
What actually happened
| Date | Action | Details |
|---|---|---|
| Mon Jul 27 | Put credit spread, entered early, expired worthless | SPX 7390/7360P x2, 0.60cr, entered 22 minutes after the open. +$113.12. Full story below. |
| Tue Jul 28 | Put credit spread, open to close | SPX 7320/7300P x2, 0.45cr, closed same evening for a 0.05 debit. +$70.24 |
| Wed Jul 29 | Put credit spread, open to close | SPX 7250/7230P x1, 0.60cr, closed same evening for a 0.05 debit. +$50.12 |
| Thu Jul 30 | Put credit spread, open to close | SPX 7290/7265P x2, 0.50cr, closed same evening for a 0.05 debit. +$80.24 |
| Fri Jul 31 | Two put credit spreads, open to close | SPX 7330/7305P x2, +$60.24; SPX 7355/7330P x2, +$80.24. Combined +$140.48 |
| Fri Jul 31 | /ESU6 strangle closed | Held since Jul 10, Aug 28 exp 5800P/8400C x2, entered for 6.80 combined, closed for a 2.90 debit. +$373.12 |
| Fri Jul 31 | /ESU6 new strangle opened | Sep 14 exp 5800P/8200C x2, 7.90 credit collected. Still open as of this data pull. |
Five clean same-day SPX cycles in a row is a real, uncommon stretch for this account. The /ESU6 close is its own small story: that strangle had been carried since July 10, watched and left alone through three weeks of chop, and it finally paid out at nearly the full width of what it opened for.
What moved the market this week?
A genuinely two-sided week. The S&P 500 and Dow each gained roughly 1%, the Nasdaq about 1.6%, and Friday alone told most of the story: Amazon jumped over 15% on strong cloud growth, Alphabet gained nearly 7% and Microsoft and Meta both added 3% or more on continued AI-trade optimism, while Apple dropped more than 7% after chip shortages raised production costs and cut into the June quarter. Away from equities, the real number worth flagging is in bonds: the 30-year Treasury yield spiked to around 5.25%, its highest level since 2007, and the 10-year topped 4.7%, its highest since January 2025. That’s a real, dated move, not background noise, and worth watching into next week.
Monday specifically doesn’t fit neatly into that backdrop, and that’s worth saying plainly rather than forcing a connection. Index futures were actually higher heading into the open, oil was sliding as U.S.-Iran tensions eased over the weekend, and the day itself closed close to flat. There’s no clean headline that explains the sharp, hour-long move against Monday’s position. The honest read is that it was ordinary opening-range chop, not a news event, which is exactly why the takeaway from that trade is about timing discipline rather than about reading the news better.
Anything new tried, or any roll/adjustment?
No new structure this week, same SPX 0DTE-style put credit spreads that have been the core of this account’s recent activity. The one real anomaly is Monday’s entry timing itself, entering 22 minutes after the open instead of waiting, and that’s covered in full in its own entry rather than repeated here.
Takeaway
The real lesson this week has nothing to do with the +$827.32. Monday’s trade broke a real rule (entering inside the first hour after the open), went meaningfully against it within minutes, and still made money, and a good outcome from a bad process doesn’t make the process good. Two rules came out of it directly: a real stop loss on positions like this going forward, and no new entries in the first 45 to 60 minutes after the market opens. The full account of what that morning actually felt like, and why the win doesn’t settle the question, is its own entry: 22 Minutes After the Open, Down $2,480 on Paper. It Still Worked. That’s Not the Point.
Frequently asked questions
How did this account do the week of July 27, 2026?
+$827.32 realized: five same-day SPX put credit spreads, every one of them closed green for +$454.20 combined, plus an /ESU6 strangle held since July 10 that finally closed for +$373.12. A new /ESU6 position opened Friday and is still open. Numerically one of the stronger weeks on the record.
What happened with Monday's trade specifically?
A 2-lot SPX put credit spread was entered 22 minutes after the market open, a real rule violation, and the index moved against it almost immediately, hitting roughly a $2,480 paper loss on the short leg alone before recovering to expire worthless for a $113.12 profit. The good outcome doesn't excuse the early entry; the full account of it, and the two rules adopted afterward, is its own entry.
What moved the market the week of July 27, 2026?
A genuinely mixed week: the S&P 500 and Dow each gained roughly 1%, the Nasdaq about 1.6%, driven Friday by Amazon jumping over 15% on cloud growth while Apple dropped more than 7% on chip-shortage-driven production costs. Longer-dated Treasury yields spiked hard, the 30-year touching its highest level since 2007, which is a real, dated development worth watching rather than background noise.