Quick Overnight Flip on SPCX đ
Just locked in a swift overnight win on SPCX (a tracking product, not actual SpaceX stock). Opened a position of 10 contracts late last night on June 18th at $176.00, and woke up to trigger a sell fill early this morning, June 19th, at $182.65.
The math on this 6.5-hour trade wraps up beautifully:
Total Capital Deployed: $1,760.00
Total Proceeds: $1,826.50
Gross Profit: +$66.50 (a clean +$6.65 per contract)
Securing a 3.8% return on capital overnight is a fantastic start to the day. Keeping it nimble out there, especially since these tracking vehicles can carry wider spreads and thinner liquidity. On to the next one!
Disclaimer: This is just a personal trade summary, not financial or investing advice.
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