About #

Short version #

I try to earn $1000 per month trading options. 💰

Long version #

This blog records my attempt to make $1000 (USD) profit per month by trading stock options.

The $1000 needs to be cash, so trades that are still open do not count. I will share all my option trades on this blog.

There will also be posts about trading strategies, and other things I learn along the way.

Follow along, and let's (hopefully) make some money together.

My stock trading history #

Complete amateur.

Before trying to trade options, I mainly just bought and held stocks/ETFs as investments. USED to have a $100k+ trading account thanks to a few lucky picks (e.g. bought Tesla in 2017), and the overall market just going up (pre 2022).

Got bored during COVID pandemic and started trying to trade options. Made around $15k the first year mainly selling naked puts. Thought I was a genius!

Proceeded to lose well over $50k cash during the market downturn in 2022. I realized that I was not a genius. In fact, I had no idea what I was doing!

So, I decided to start this blog to record my attempt to actually learn how consistently make money trading options.

Starting point #

As I start this blog (March 2023), my trading account has a net worth of around $30k (USD).

Strategies #

For now, I will be mainly using Bear Call Spreads, and Bull Put Spreads. They seem like the safest strategy to start with.

Goals / Milestones #

• [x] Make $100 in a month - Completed: April 2023
• [x] Make $500 in a month - Completed: October 2023
• [x] Make $1000 in a month - Completed: January 2024
• [ ] Make $1000 per month for 3 months in a row
• [ ] Make $1000 per month for an entire year

Contact #

Wanna chat about options or something else? Send me an email hello@options1k.com