u/breakyourteethnow ·
Reddit — r/options
· March 26, 2026 at 17:27
· ⬆ 17 pts
· 💬 9 comments
| View on Reddit ↗
AI Summary
Summary
The author is successfully utilizing At-The-Money (ATM) calendar spreads to capitalize on a rangebound market environment.
The strategy focuses on individual tickers rather than broad indices like SPY to minimize the risk of broad implied volatility (IV) fluctuations ruining the spreads.
Quality assessment: Practical options trading strategy based on anecdotal market observation; relies on options mechanics (theta decay) rather than fundamental DD.
Score17
Comments9
Upvote %90%
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I can say ATM calendars are working incredibly well in this market.
The ticker which is working the best by far for me is NVDA
Selling 3-6dte, and buying 6-11dte, within that range.
Just opened $175 STO 1dte, BTO 4dte ratio'd 3x. For every three call calendars I bought, purchased x1 $170 put calendar with same dte to offset in case there's more pullback.
Also opened $175 STO 6dte, BTO 11dte which created a really wide calendar I'll hold throughout the weekend, or close tomorrow for small profit to avoid weekend hold will decide tomorrow depending news.
It's not just NVDA, am opening ATM calendars on HOOD, APLD, running double calendars on RKLB. Calendars are working amazingly in this rangebound market, using individual tickers where IV movement is less of a factor unlike SPY where VIX moving $2 can ruin a calendar
Author explicitly states they are opening ATM calendars on HOOD. Individual tickers like HOOD are exhibiting rangebound behavior with manageable IV movements. Utilize ATM calendar spreads on HOOD to profit from time decay. Unexpected company news causing a sharp directional move.
Author is running double calendars on RKLB. Double calendars provide a wider profit tent for stocks that might have a slightly wider trading range but lack a strong directional trend. Deploy double calendar spreads on RKLB to capture theta across a wider price band. A major catalyst (e.g., launch failure/success) causing a massive price gap.
Author is opening short-term ATM calendars (e.g., $175 strike, selling 1-6 DTE, buying 4-11 DTE). NVDA is currently trading in a range, allowing the short-dated options to decay faster than the long-dated ones. Execute ATM calendar spreads on NVDA to capture theta decay in a rangebound market. A sudden, massive directional breakout or severe IV crush/spike.
Author is actively opening ATM calendars on APLD. The stock is trading within a predictable range, making it ideal for calendar spreads. Trade ATM calendars on APLD to exploit short-term theta decay. High volatility inherent to smaller cap tech/crypto-adjacent stocks.
This Reddit post, published March 26, 2026,
features u/breakyourteethnow
discussing HOOD, RKLB, NVDA, APLD.
4 trade ideas extracted by AI with direction and confidence scoring.