How I LOST $1,698 in February 2025 trading options
Terrible month.
Gave back all my profits from last month.
Majority of losses are from 0DTE.
Here are the closed trades for February 2025:
February 2025 Closed Trades #
Formatting is a bit of a mess, as I am slowly changing over a new spreadsheet format. 0DTE Trades are in the next section.
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VIX | open | Long Call | 2024-11-07 | 2024-02-18 | 0 | 45 | -0.43 | 1 | 1.3 | -44.3 | -$44.30 |
| VIX | expired | Long Call | 2025-02-18 | 2024-02-18 | 45 | 0 | 0 | 1 | 0 | 0 | |
| KHC | open | Long | 2024-11-27 | - | 0 | 32.088 | -32.088 | 1 | 1 | -3209.8 | -$341.37 |
| KHC | close | Long | 2025-02-05 | 2024-11-29 | 28.38 | 0 | 28.38 | 1.01111 | 1.1 | 2868.43018 | |
| KHC | open | Covered Call | 2024-12-02 | 2024-12-06 | 32 | 0 | 0.11 | 1 | 0.57 | 10.43 | $10.43 |
| KHC | expired | Covered Call | - | 2024-12-06 | 0 | 32 | 0 | 1 | 0 | 0 | |
| KHC | open | Covered Call | 2024-12-09 | 2024-12-13 | 32 | 0 | 0.17 | 1 | 1.04 | 15.96 | $12.43 |
| KHC | close | Covered Call | 2024-12-13 | 2024-12-13 | 0 | 32 | -0.02 | 1 | 1.53 | -3.53 | |
| EEM | open | Short Put | 2024-12-11 | 2024-12-20 | 43 | 0 | 0.35 | 1 | 0.8 | 34.2 | -$4,265.80 |
| EEM | assigned | Short Put | 2024-12-20 | 2024-12-20 | 0 | 43 | -43 | 1 | 0 | -4300 | |
| KHC | open | Covered Call | 2024-12-13 | 2024-12-20 | 32 | 0 | 0.31 | 1 | 1.54 | 29.46 | $29.46 |
| KHC | expired | Covered Call | 2024-12-20 | 2024-12-20 | 0 | 32 | 1 | 0 | |||
| SPY | open | BCS | 2024-12-30 | 2024-02-07 | 591 | 592 | 0.550000000000001 | 1 | 2.13 | 52.8700000000001 | -$47.13 |
| SPY | close | BCS | 2025-02-07 | 2024-02-07 | 592 | 591 | -1 | 1 | 0 | -100 | |
| DIA | open | BCS | 2025-01-02 | 2025-02-14 | 426 | 427 | 0.5 | 1 | 2.12 | 47.88 | -$52.12 |
| DIA | assigned/exercised | BCS | 2025-02-14 | 2025-02-14 | 427 | 426 | -1 | 1 | 0 | -100 | |
| SPY | open | BCS | 2025-01-03 | 2025-02-07 | 595 | 596 | 0.540000000000001 | 1 | 1.43 | 52.5700000000001 | -$47.43 |
| SPY | close | BCS | 2025-02-07 | 2025-02-07 | 596 | 595 | -1 | 1 | 0 | -100 | |
| DIA | open | BCS | 2025-01-08 | 2025-02-14 | 427 | 428 | 0.55 | 1 | 1.42 | 53.58 | -$46.42 |
| DIA | close | BCS | 2025-02-07 | 2025-02-14 | 428 | 427 | -1 | 1 | 0 | -100 | |
| SPY | open | BCS | 2025-01-08 | 2025-02-28 | 594 | 595 | 0.549999999999999 | 1 | 2.14 | 52.8599999999999 | $4.84 |
| SPY | close | BCS | 2025-02-25 | 2025-02-28 | 595 | 594 | -0.46 | 1 | 2.02 | -48.02 | |
| EEM | open | Short Put | 2025-01-31 | 2025-02-07 | 43.5 | 0 | 0.27 | 1 | 1.06 | 25.94 | $25.94 |
| EEM | expired | Short Put | 2025-02-07 | 2025-02-07 | 0 | 0 | 0 | 1 | 0 | 0 | |
| EEM | open | Short Put | 2025-02-10 | 2025-02-14 | 43.5 | 0 | 0.47 | 1 | 1.06 | 45.94 | $4,395.94 |
| EEM | assigned | Short Put | 2025-02-14 | 2025-02-14 | 43.5 | 0 | 43.5 | 1 | 0 | 4350 | |
| TOTAL | -$365.53 | ||||||||||
| Total trades | 13 |
| Ticker | Type | Entry Date | Expiry Date | Sell Strike | Buy Strike | Premium | Open Qty | Fee open | Net Premium | Close Date | Close Cost | Close Qty | Fee close | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | BCS | 2025-01-14 | 2025-02-28 | 588 | 589 | 0.5 | 1 | 3.07 | 46.93 | 2025-02-28 | -0.44 | 1 | 3.1 | -0.17 |
| SPY | BPS | 2025-01-21 | 2025-03-21 | 567 | 562 | 0.48 | 1 | 1.42 | 46.58 | 2025-02-18 | -0.2 | 1 | 2.52 | 24.06 |
| SPY | BCS | 2025-01-21 | 2025-03-21 | 607 | 608 | 0.53 | 1 | 1.44 | 51.56 | 2025-02-28 | -0.2 | 1 | 2.12 | 29.44 |
| SPY | BPS | 2025-01-28 | 2025-03-21 | 569 | 564 | 0.5 | 1 | 1.42 | 48.58 | 2025-02-19 | -0.2 | 1 | 2.52 | 26.06 |
| SPY | BCS | 2025-01-28 | 2025-03-31 | 610 | 611 | 0.54 | 1 | 2.15 | 51.85 | 2025-02-27 | -0.2 | 1 | 2.12 | 29.73 |
| SPY | BCS | 2025-01-29 | 2025-03-07 | 608 | 609 | 0.53 | 1 | 2.14 | 50.86 | 2025-02-25 | -0.2 | 1 | 3.1 | 27.76 |
| PG | BPS | 2025-01-30 | 2025-04-17 | 155 | 145 | 0.71 | 1 | 1.42 | 69.58 | 2025-02-13 | -0.33 | 1 | 1.41 | 35.17 |
| SPY | BCS | 2025-01-31 | 2025-03-14 | 614 | 615 | 0.51 | 1 | 1.44 | 49.56 | 2025-02-25 | -0.2 | 1 | 3.1 | 26.46 |
| SPY | BPS | 2025-02-03 | 2025-03-31 | 555 | 550 | 0.56 | 1 | 1.42 | 54.58 | 2025-02-13 | -0.21 | 1 | 2.12 | 31.46 |
| PFE | Short Put | 2025-02-12 | 2025-02-21 | 25 | 0 | 0.15 | 1 | 1.05 | 13.95 | 2025-02-21 | 0 | 1 | 0 | 13.95 |
| QQQ | BCS | 2025-02-13 | 2025-04-04 | 541 | 542 | 0.5 | 1 | 1.44 | 48.56 | 2025-02-27 | -0.2 | 1 | 1.42 | 27.14 |
| SPY | BCS | 2025-02-13 | 2025-04-04 | 611 | 612 | 0.53 | 1 | 1.44 | 51.56 | 2025-02-28 | -0.2 | 1 | 1.92 | 29.64 |
| SPY | BCS | 2025-02-18 | 2025-04-04 | 616 | 617 | 0.5 | 1 | 2.14 | 47.86 | 2025-02-27 | -0.2 | 1 | 1.42 | 26.44 |
| SPY | BCS | 2025-02-19 | 2025-03-31 | 615 | 616 | 0.54 | 1 | 2.14 | 51.86 | 2025-02-25 | -0.2 | 1 | 1.42 | 30.44 |
| BITO | Short Put | 2025-02-25 | 2025-02-28 | 19.5 | 0 | 0.24 | 1 | 0.81 | 23.19 | 2025-02-28 | 0 | 1 | 0 | 23.19 |
| TOTAL | 380.77 | |||||||||||||
| Total trades | 15 |
0DTE Trades #
| Ticker | Type | Entry Date | Expiry Date | Sell Strike | Buy Strike | Premium | Open Qty | Fee open | Net Premium | Close Date | Close Cost | Close Qty | Fee close | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPX | BCS | 2025-02-03 | 2025-02-03 | 6035 | 6095 | 0.9 | 1 | 3.21 | 86.79 | 2025-02-03 | -2 | 1 | 3.21 | -116.42 |
| SPX | BCS | 2025-02-03 | 2025-02-03 | 6050 | 6010 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-03 | -0.25 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-03 | 2025-02-03 | 5970 | 5910 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-03 | -0.25 | 1 | 1.56 | 55.23 |
| SPX | BPS | 2025-02-04 | 2025-02-04 | 5965 | 5905 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-04 | -0.25 | 1 | 3.12 | 63.67 |
| SPX | BPS | 2025-02-04 | 2025-02-04 | 5970 | 5910 | 0.8 | 1 | 3.21 | 76.79 | 2025-02-04 | -0.2 | 1 | 3.12 | 53.67 |
| SPX | BCS | 2025-02-04 | 2025-02-04 | 6055 | 6100 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-04 | -0.25 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-04 | 2025-02-04 | 6030 | 6005 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-04 | -0.9 | 1 | 1.66 | 15.13 |
| SPX | BCS | 2025-02-05 | 2025-02-05 | 6075 | 6125 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-05 | -0.25 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-05 | 2025-02-05 | 5990 | 5930 | 1 | 1 | 3.21 | 96.79 | 2025-02-05 | -0.3 | 1 | 3.12 | 63.67 |
| SPX | BPS | 2025-02-05 | 2025-02-05 | 6010 | 5950 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-05 | -0.25 | 1 | 3.12 | 53.67 |
| SPX | BPS | 2025-02-05 | 2025-02-05 | 6040 | 5995 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-05 | -0.65 | 1 | 3.12 | 23.67 |
| SPX | BCS | 2025-02-07 | 2025-02-07 | 6110 | 6160 | 1.1 | 1 | 3.41 | 106.59 | 2025-02-07 | -0.3 | 1 | 1.556 | 75.034 |
| SPX | BCS | 2025-02-07 | 2025-02-07 | 6100 | 6160 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-07 | -1.75 | 1 | 1.75 | -94.87 |
| SPX | BCS | 2025-02-07 | 2025-02-07 | 6040 | 6085 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-07 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BCS | 2025-02-10 | 2025-02-10 | 6075 | 6120 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-10 | -2.3 | 1 | 1.65 | -124.86 |
| SPX | BPS | 2025-02-10 | 2025-02-10 | 6035 | 5975 | 0.9 | 1 | 3.21 | 86.79 | 2025-02-10 | -0.25 | 1 | 3.12 | 58.67 |
| SPX | BPS | 2025-02-10 | 2025-02-10 | 6060 | 6020 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-10 | -0.3 | 1 | 1.56 | 75.23 |
| SPX | BPS | 2025-02-11 | 2025-02-11 | 6025 | 5965 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-11 | -2 | 1 | 3.21 | -111.42 |
| SPX | BPS | 2025-02-11 | 2025-02-11 | 6025 | 5965 | 1 | 1 | 3.21 | 96.79 | 2025-02-11 | -2.1 | 1 | 3.21 | -116.42 |
| SPX | BCS | 2025-02-11 | 2025-02-11 | 6070 | 6095 | 1.15 | 1 | 3.41 | 111.59 | 2025-02-11 | -2.45 | 1 | 3.21 | -136.62 |
| SPX | BCS | 2025-02-11 | 2025-02-11 | 6070 | 6085 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-11 | -2.2 | 1 | 1.65 | -114.86 |
| SPX | BCS | 2025-02-12 | 2025-02-12 | 6075 | 6130 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-12 | -1.85 | 1 | 1.75 | -104.87 |
| SPX | BCS | 2025-02-12 | 2025-02-12 | 6065 | 6110 | 0.9 | 1 | 3.12 | 86.88 | 2025-02-12 | -1.9 | 1 | 1.75 | -104.87 |
| SPX | BPS | 2025-02-12 | 2025-02-12 | 6030 | 5975 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-12 | -1.9 | 1 | 3.41 | -101.62 |
| SPX | BPS | 2025-02-12 | 2025-02-12 | 6040 | 5995 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-12 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BPS | 2025-02-13 | 2025-02-13 | 6030 | 5970 | 0.9 | 1 | 3.41 | 86.59 | 2025-02-13 | -1.9 | 1 | 3.41 | -106.82 |
| SPX | BCS | 2025-02-13 | 2025-02-13 | 6105 | 6150 | 1 | 1 | 3.41 | 96.59 | 2025-02-13 | -2.15 | 1 | 1.65 | -120.06 |
| SPX | BPS | 2025-02-14 | 2025-02-14 | 6060 | 6000 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-14 | -0.25 | 1 | 3.12 | 53.67 |
| SPX | BCS | 2025-02-14 | 2025-02-14 | 6140 | 6180 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-14 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BCS | 2025-02-14 | 2025-02-14 | 6125 | 6145 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-14 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BPS | 2025-02-18 | 2025-02-18 | 6090 | 6040 | 1 | 1 | 3.21 | 96.79 | 2025-02-18 | -2.9 | 1 | 3.21 | -196.42 |
| SPX | BPS | 2025-02-18 | 2025-02-18 | 6100 | 6050 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-18 | -1.9 | 1 | 3.21 | -111.42 |
| SPX | BCS | 2025-02-18 | 2025-02-18 | 6125 | 6150 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-18 | -0.3 | 1 | 3.12 | 73.67 |
| SPX | BPS | 2025-02-18 | 2025-02-18 | 6110 | 6090 | 1 | 1 | 3.21 | 96.79 | 2025-02-18 | -0.3 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6070 | 6010 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-19 | -0.25 | 1 | 3.12 | 53.67 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6095 | 6035 | 0.8 | 1 | 3.21 | 76.79 | 2025-02-19 | -0.2 | 1 | 3.12 | 53.67 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6110 | 6050 | 1 | 1 | 3.21 | 96.79 | 2025-02-19 | -2.1 | 1 | 3.21 | -116.42 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6135 | 6100 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-19 | -2.75 | 1 | 3.21 | -171.42 |
| SPX | BCS | 2025-02-20 | 2025-02-20 | 6130 | 6185 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-20 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BCS | 2025-02-21 | 2025-02-21 | 6125 | 6185 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-21 | -0.25 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-21 | 2025-02-21 | 6040 | 5970 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-21 | -1.95 | 1 | 3.41 | -106.62 |
| SPX | BCS | 2025-02-21 | 2025-02-21 | 6040 | 6085 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-21 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BPS | 2025-02-24 | 2025-02-24 | 5945 | 5875 | 0.8 | 1 | 3.12 | 76.88 | 2025-02-24 | -1.65 | 1 | 3.21 | -91.33 |
| SPX | BPS | 2025-02-24 | 2025-02-24 | 5975 | 5910 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-24 | -0.25 | 1 | 3.12 | 53.76 |
| SPX | BPS | 2025-02-24 | 2025-02-24 | 6000 | 5945 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-24 | -2 | 1 | 3.41 | -111.62 |
| SPX | BCS | 2025-02-24 | 2025-02-24 | 6015 | 6020 | 1.25 | 1 | 3.3 | 121.7 | 2025-02-24 | -0.55 | 1 | 3.12 | 63.58 |
| SPX | BCS | 2025-02-24 | 2025-02-24 | 6010 | 6040 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-24 | -2 | 1 | 1.65 | -109.86 |
| SPX | BCS | 2025-02-25 | 2025-02-25 | 6005 | 6060 | 0.9 | 1 | 3.21 | 86.79 | 2025-02-25 | -0.25 | 1 | 3.12 | 58.67 |
| SPX | BPS | 2025-02-25 | 2025-02-25 | 5910 | 5845 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-25 | -1.75 | 1 | 3.21 | -96.42 |
| SPX | BPS | 2025-02-25 | 2025-02-25 | 5895 | 5825 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-25 | -0.25 | 1 | 3.12 | 63.67 |
| SPX | BCS | 2025-02-25 | 2025-02-25 | 5975 | 5980 | 1.35 | 1 | 3.5 | 131.5 | 2025-02-25 | -0.6 | 1 | 3.12 | 68.38 |
| SPX | BCS | 2025-02-25 | 2025-02-25 | 5970 | 6000 | 1 | 1 | 3.21 | 96.79 | 2025-02-25 | -0.3 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-26 | 2025-02-26 | 5885 | 5815 | 0.9 | 1 | 3.21 | 86.79 | 2025-02-26 | -0.25 | 1 | 3.12 | 58.67 |
| SPX | BPS | 2025-02-26 | 2025-02-26 | 5940 | 5875 | 0.9 | 1 | 3.21 | 86.79 | 2025-02-26 | -1.8 | 1 | 3.41 | -96.62 |
| SPX | BCS | 2025-02-26 | 2025-02-26 | 6010 | 6060 | 1 | 1 | 3.21 | 96.79 | 2025-02-26 | -0.3 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-26 | 2025-02-26 | 5930 | 5895 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-26 | -2.25 | 1 | 3.21 | -121.42 |
| SPX | BCS | 2025-02-26 | 2025-02-26 | 5950 | 5955 | 1.35 | 1 | 3.5 | 131.5 | 2025-02-26 | -5 | 1 | 0 | -368.5 |
| SPX | BPS | 2025-02-27 | 2025-02-27 | 5905 | 5840 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-27 | -1.95 | 1 | 3.41 | -106.62 |
| SPX | BCS | 2025-02-27 | 2025-02-27 | 5925 | 5930 | 0.95 | 1 | 3.3 | 91.7 | 2025-02-27 | -0.4 | 1 | 3.3 | 48.4 |
| SPX | BPS | 2025-02-28 | 2025-02-28 | 5795 | 5730 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-28 | -1.75 | 1 | 3.21 | -96.42 |
| SPX | BCS | 2025-02-28 | 2025-02-28 | 5940 | 6000 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-28 | -1.8 | 1 | 3.21 | -101.33 |
| SPX | BCS | 2025-02-28 | 2025-02-28 | 5910 | 5915 | 1.15 | 1 | 3.3 | 111.7 | 2025-02-28 | -5 | 1 | 0 | -388.3 |
| SPX | BPS | 2025-02-28 | 2025-02-28 | 5850 | 5790 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-28 | -0.25 | 1 | 1.56 | 55.32 |
| TOTAL | -1713.146 | |||||||||||||
| Total trades = | 63 |
TOTALS #
- 0DTE Trades = $-1713.146
- Other Trades = $15.24
TOTAL PROFIT/LOSS = -$1,697.91
Total number of trades = 91
Notes and Thoughts #
A very bad month, mainly due to 0DTE trades.
I made around $1700 in January, but lost around $1700 in February.
0DTE was my savior the past couple months, but it has come back to bite me in the ass.
Interestingly, I was basically breakeven on non-0DTE trades, despite the market finishing slightly down for the month.
0DTE Adjustments #
For my METF 0DTE strategy, I was taking profits at 70% in February. It did not work out well. I did not actually backtest this first, which was probably a mistake.
I think I will try out Option Omega backtesting for next month, and test some different attributes.
I am leaning towards not taking profits early, and just letting things go to expiry.
I also adjusted the spread width to be minimum of 30 instead of 25 (i.e. difference between short and long leg).
New Strategies #
Implemented a new 0DTE strategy the last week of February. Resulted in losing over $500. Part of the loss was due to my mistake of inputting the wrong settings in my trading software. Still would have ended up in the red though...just slightly less red.
Will keep running it next month, and see what happens.
Still also working on implementing a monthly iron condor strategy. I keep forgetting to finish the backtesting research on it.
Anyways...let's hope March is better than February!