Trade Overview: Opened a calendar put spread on SPX for $1.65 debit at Dec27', expiring Jan 5'th due to low IVR (6) and high market hype. Strategy Logic: Expecting minimal profit or loss even without directional correctness due to option decay. Aiming for profit near $4700 strike as volatility might increase.
Status: Positioned for a 3x profit; won't accept a loss due to recent gains.