How I LOST $2,986 in July 2023 trading options
Damn.
What a shitty month.
Up $1000+ overall to down nearly $2000 just like that.
All due to not cutting losses.
Here are all the closed trades from July; it's a mess:
June 2023 Closed Trades #
| Ticker | Action | Type | Trade Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fees | Total | Net Profit/Loss | Days | Annual Return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TGT | open | BPS | 2023-05-22 | 2023-07-21 | 140 | 135 | 0.75 | 2 | 2.56 | 147.44 | -$814.67 | 58 | -512.68% |
| TGT | close | BPS | 2023-07-19 | 2023-07-21 | 135 | 140 | -4.8 | 2 | 2.11 | -962.11 | |||
| GIS | open | BPS | 2023-05-24 | 2023-07-21 | 80 | 77.5 | 0.37 | 2 | 0.2 | 73.8 | -$426.20 | 44 | -707.10% |
| GIS | assigned | BPS | 2023-07-07 | 2023-07-21 | 0 | 80 | -80 | 2 | 0 | -16000 | |||
| GIS | exercised | BPS | 2023-07-10 | 2023-07-21 | 77.5 | 0 | 77.5 | 2 | 0 | 15500 | |||
| ADBE | open | BCS | 2023-05-24 | 2023-07-21 | 420 | 425 | 0.78 | 2 | 1.13 | 154.87 | -$845.13 | 58 | -531.85% |
| ADBE | assigned | BCS | 2023-07-21 | 2023-07-21 | 420 | 0 | 420 | 2 | 0 | 84000 | |||
| ADBE | exercised | BCS | 2023-07-21 | 2023-07-21 | 0 | 425 | -425 | 2 | 0 | -85000 | |||
| MU | open | BPS | 2023-05-26 | 2023-07-21 | 65 | 60 | 0.81 | 2 | 1.48 | 160.52 | $37.89 | 84 | 16.46% |
| MU | close | BPS | 2023-07-17 | 2023-07-21 | 60 | 65 | -1.53 | 1 | 1.4 | -154.4 | |||
| MU | close | BPS | 2023-07-17 | 2023-07-21 | 60 | 65 | -1.39 | 1 | 1.98 | -140.98 | |||
| MU | open | BPS | 2023-07-17 | 2023-08-18 | 65 | 60 | 1.93 | 1 | 1.75 | 191.25 | |||
| MU | open | BPS | 2023-07-18 | 2023-08-18 | 65 | 60 | 1.85 | 1 | 2.1 | 182.9 | |||
| MU | close | BPS | 2023-08-18 | 2023-08-18 | 60 | 65 | -1 | 2 | 1.4 | -201.4 | |||
| TSLA | open | BCS | 2023-06-06 | 2023-07-21 | 250 | 255 | 0.95 | 1 | 1.4 | 93.6 | -$357.81 | 45 | -580.45% |
| TSLA | close | BCS | 2023-07-21 | 2023-07-21 | 255 | 250 | -4.5 | 1 | 1.41 | -451.41 | |||
| NFLX | open | BCS | 2023-06-07 | 2023-07-21 | 480 | 485 | 0.62 | 1 | 1.41 | 60.59 | -$65.81 | 42 | -114.38% |
| NFLX | close | BCS | 2023-07-18 | 2023-07-21 | 485 | 480 | -1.25 | 1 | 1.4 | -126.4 | |||
| VMW | open | BCS | 2023-06-08 | 2023-07-21 | 145 | 150 | 1.2 | 1 | 0.6 | 119.4 | -$380.60 | 44 | -631.45% |
| VMW | assigned | BCS | 2023-07-21 | 2023-07-21 | 145 | 0 | 145 | 1 | 0 | 14500 | |||
| VMW | exercised | BCS | 2023-07-21 | 2023-07-21 | 0 | 150 | -150 | 1 | 0 | -15000 | |||
| ATVI | open | BCS | 2023-06-15 | 2023-07-21 | 87.5 | 90 | 0.5 | 1 | 1.4 | 48.6 | -$122.80 | 28 | -640.31% |
| ATVI | close | BCS | 2023-07-12 | 2023-07-21 | 90 | 87.5 | -1.7 | 1 | 1.4 | -171.4 | |||
| MSFT | open | BPS | 2023-06-28 | 2023-09-15 | 295 | 265 | 2.2 | 1 | 1.4 | 218.6 | $106.50 | 21 | 61.70% |
| MSFT | close | BPS | 2023-07-18 | 2023-09-15 | 265 | 295 | -1.1 | 1 | 2.1 | -112.1 | |||
| SQ | open | BPS | 2023-06-28 | 2023-08-18 | 57.5 | 55 | 0.63 | 1 | 1.4 | 61.6 | $13.20 | 6 | 321.20% |
| SQ | close | BPS | 2023-07-03 | 2023-08-18 | 55 | 57.5 | -0.47 | 1 | 1.4 | -48.4 | |||
| TJX | open | BCS | 2023-06-28 | 2023-08-18 | 87.5 | 90 | 0.45 | 1 | 1.4 | 43.6 | -$57.50 | 30 | -279.83% |
| TJX | close | BCS | 2023-07-27 | 2023-08-18 | 90 | 87.5 | -0.99 | 1 | 2.1 | -101.1 | |||
| TSLA | open | BCS | 2023-06-28 | 2023-07-07 | 285 | 290 | 0.56 | 1 | 1.4 | 54.6 | $15.20 | 9 | 123.29% |
| TSLA | close | BCS | 2023-07-06 | 2023-07-07 | 290 | 285 | -0.38 | 1 | 1.4 | -39.4 | |||
| TSLA | open | BPS | 2023-06-28 | 2023-07-07 | 220 | 215 | 0.24 | 1 | 1.4 | 22.6 | $20.20 | 9 | 163.84% |
| TSLA | close | BPS | 2023-07-06 | 2023-07-07 | 215 | 220 | -0.01 | 1 | 1.4 | -2.4 | |||
| ATVI | open | BCS | 2023-06-28 | 2023-08-18 | 92.5 | 95 | 0.72 | 1 | 1.4 | 70.6 | -$93.50 | 15 | -910.07% |
| ATVI | close | BCS | 2023-07-12 | 2023-08-18 | 95 | 92.5 | -1.62 | 1 | 2.1 | -164.1 | |||
| XLE | open | BCS | 2023-06-28 | 2023-08-18 | 82 | 83 | 0.37 | 1 | 1.4 | 35.6 | -$46.50 | 28 | -606.16% |
| XLE | close | BCS | 2023-07-25 | 2023-08-18 | 83 | 82 | -0.8 | 1 | 2.1 | -82.1 | |||
| PDD | open | BPS | 2023-06-29 | 2023-09-15 | 60 | 55 | 1.3 | 1 | 1.4 | 128.6 | $34.20 | 13 | 192.05% |
| PDD | close | BPS | 2023-07-11 | 2023-09-15 | 55 | 60 | -0.93 | 1 | 1.4 | -94.4 | |||
| BAX | open | BCS | 2023-06-30 | 2023-08-18 | 47.5 | 50 | 0.6 | 1 | 0.6 | 59.4 | -$87.20 | 22 | -578.69% |
| BAX | close | BCS | 2023-07-21 | 2023-08-18 | 50 | 47.5 | -1.46 | 1 | 0.6 | -146.6 | |||
| EMR | open | BCS | 2023-06-30 | 2023-08-18 | 95 | 97.5 | 0.55 | 1 | 0.6 | 54.4 | $3.10 | 29 | 15.61% |
| EMR | close | BCS | 2023-07-28 | 2023-08-18 | 97.5 | 95 | -0.5 | 1 | 1.3 | -51.3 | |||
| TGT | open | BCS | 2023-07-03 | 2023-07-21 | 145 | 150 | 0.15 | 2 | 2.8 | 27.2 | $27.20 | 19 | 52.25% |
| TGT | expired | BCS | 2023-07-21 | 2023-07-21 | 150 | 145 | 0 | 2 | 0 | 0 | |||
| BABA | open | BPS | 2023-07-03 | 2023-08-18 | 75 | 70 | 0.7 | 1 | 1.4 | 68.6 | $32.20 | 5 | 470.12% |
| BABA | close | BPS | 2023-07-07 | 2023-08-18 | 70 | 75 | -0.35 | 1 | 1.4 | -36.4 | |||
| SE | open | BPS | 2023-07-03 | 2023-08-18 | 50 | 45 | 0.88 | 1 | 1.4 | 86.6 | $35.20 | 12 | 214.13% |
| SE | close | BPS | 2023-07-14 | 2023-08-18 | 45 | 50 | -0.5 | 1 | 1.4 | -51.4 | |||
| NVDA | open | BPS | 2023-07-05 | 2023-09-15 | 340 | 335 | 0.75 | 1 | 1.4 | 73.6 | $34.34 | 10 | 250.68% |
| NVDA | close | BPS | 2023-07-14 | 2023-09-15 | 335 | 340 | -0.38 | 1 | 1.26 | -39.26 | |||
| MSFT | open | BPS | 2023-07-05 | 2023-09-15 | 300 | 290 | 1.1 | 1 | 2.1 | 107.9 | $56.50 | 14 | 147.30% |
| MSFT | close | BPS | 2023-07-18 | 2023-09-15 | 290 | 300 | -0.5 | 1 | 1.4 | -51.4 | |||
| VZ | open | BPS | 2023-07-05 | 2023-07-07 | 36.5 | 37 | 0.26 | 2 | 2.1 | 49.9 | $21.50 | 1 | 7847.50% |
| VZ | close | BPS | 2023-07-05 | 2023-07-07 | 37 | 36.5 | -0.13 | 2 | 2.4 | -28.4 | |||
| VZ | open | BPS | 2023-07-06 | 2023-07-07 | 36.5 | 37 | 0.59 | 1 | 2.1 | 56.9 | -$43.10 | 2 | -15731.50% |
| VZ | assigned | BPS | 2023-07-07 | 2023-07-07 | - | - | -37.5 | 1 | -3750 | ||||
| VZ | exercised | BPS | 2023-07-07 | 2023-07-07 | - | - | 36.5 | 1 | 3650 | ||||
| TSN | open | BCS | 2023-07-06 | 2023-08-18 | 55 | 57.5 | 0.6 | 2 | 0.2 | 119.8 | -$130.70 | 23 | -414.83% |
| TSN | close | BCS | 2023-07-28 | 2023-08-18 | 57.5 | 55 | -1.25 | 2 | 0.5 | -250.5 | |||
| EOG | open | BCS | 2023-07-07 | 2023-09-15 | 125 | 130 | 0.78 | 1 | 0.6 | 77.4 | -$103.20 | 7 | -1076.23% |
| EOG | close | BCS | 2023-07-13 | 2023-09-15 | 130 | 125 | -1.8 | 1 | 0.6 | -180.6 | |||
| TSLA | open | BPS | 2023-07-10 | 2023-07-21 | 230 | 225 | 0.36 | 1 | 3.08 | 32.92 | $12.42 | 3 | 302.22% |
| TSLA | close | BPS | 2023-07-13 | 2023-07-21 | 225 | 230 | -0.18 | 1 | 2.5 | -20.5 | |||
| MSFT | open | BPS | 2023-07-11 | 2023-10-20 | 285 | 275 | 1 | 1 | 1.4 | 98.6 | $47.20 | 8 | 215.35% |
| MSFT | close | BPS | 2023-07-18 | 2023-10-20 | 275 | 285 | -0.5 | 1 | 1.4 | -51.4 | |||
| WFC | open | BPS | 2023-07-11 | 2023-07-14 | 41 | 40.5 | 0.1 | 1 | 2.1 | 7.9 | $7.90 | 4 | 1441.75% |
| WFC | expired | BPS | 2023-07-14 | 2023-07-14 | 40.5 | 41 | 1 | 0 | |||||
| WFC | open | BCS | 2023-07-11 | 2023-07-14 | 43 | 43.5 | 0.15 | 1 | 2.1 | 12.9 | -$37.10 | 4 | -6770.75% |
| WFC | assigned | BCS | 2023-07-14 | 2023-07-14 | - | 43 | 43 | 1 | 0 | 4300 | |||
| WFC | exercised | BCS | 2023-07-14 | 2023-07-14 | 43.5 | - | -43.5 | 1 | 0 | -4350 | |||
| ABBV | open | BPS | 2023-07-12 | 2023-07-14 | 136 | 135 | 0.6 | 1 | 1.4 | 58.6 | $58.60 | 3 | 7129.67% |
| ABBV | close | BPS | 2023-07-14 | 2023-07-14 | 135 | 136 | 0 | 1 | 0 | 0 | |||
| SPX | open | BCS | 2023-07-13 | 2023-07-17 | 4555 | 4560 | 0.5 | 1 | 3.28 | 46.72 | $18.62 | 2 | 679.63% |
| SPX | close | BCS | 2023-07-14 | 2023-07-17 | 4560 | 4555 | -0.25 | 1 | 3.1 | -28.1 | |||
| PNC | open | BPS | 2023-07-14 | 2023-07-14 | 128 | 127 | 0.38 | 1 | 0.6 | 37.4 | -$62.60 | 1 | -22849.00% |
| PNC | assigned | BPS | 2023-07-14 | 2023-07-14 | - | 128 | -128 | 1 | 0 | -12800 | |||
| PNC | exercised | BPS | 2023-07-14 | 2023-07-14 | 127 | - | 127 | 1 | 0 | 12700 | |||
| BAC | open | BPS | 2023-07-14 | 2023-07-14 | 29.5 | 29 | 0.24 | 1 | 2.1 | 21.9 | $67.85 | 1 | 49530.50% |
| BAC | assigned | put | 2023-07-14 | 2023-07-14 | - | 29.5 | -29.5 | 1 | 0 | -2950 | |||
| BAC | sell | call | 2023-07-17 | 2023-07-21 | 29.5 | - | 0.47 | 1 | 1.05 | 45.95 | |||
| BAC | assigned | call | 2023-07-21 | 2023-07-21 | 29.5 | - | 29.5 | 1 | 0 | 2950 | |||
| BAC | open | BCS | 2023-07-14 | 2023-07-14 | 30 | 30.5 | 0 | 1 | 2.1 | -2.1 | -$2.10 | 1 | -1533.00% |
| BAC | expired | BCS | 2023-07-14 | 2023-07-14 | 30.5 | 30 | 0 | 1 | 0 | 0 | |||
| TSLA | open | BPS | 2023-07-17 | 2023-07-21 | 250 | 245 | 0.25 | 1 | 2.5 | 22.5 | $22.50 | 4 | 410.63% |
| TSLA | expired | BPS | 2023-07-21 | 2023-07-21 | 245 | 250 | 0 | 1 | 0 | 0 | |||
| SPY | open | BPS | 2023-07-18 | 2023-07-20 | 446 | 443 | 0.22 | 1 | 2.1 | 19.9 | $19.90 | 2 | 1210.58% |
| SPY | expired | BPS | 2023-07-20 | 2023-07-20 | 443 | 446 | 0 | 1 | 0 | 0 | |||
| GLD | open | BCS | 2023-07-20 | 2023-09-15 | 190 | 192 | 0.44 | 1 | 1.4 | 42.6 | $18.50 | 7 | 482.32% |
| GLD | close | BCS | 2023-07-27 | 2023-09-15 | 192 | 190 | -0.22 | 1 | 2.1 | -24.1 | |||
| DIS | open | BPS | 2023-07-20 | 2023-07-21 | 86 | 85 | 0.32 | 1 | 1.4 | 30.6 | $30.60 | 1 | 11169.00% |
| DIS | expired | BPS | 2023-07-21 | 2023-07-21 | 85 | 86 | 0 | 1 | 0 | 0 | |||
| DIS | open | BCS | 2023-07-20 | 2023-07-21 | 89 | 90 | 0.03 | 1 | 1.4 | 1.6 | $1.60 | 1 | 584.00% |
| DIS | expired | BCS | 2023-07-21 | 2023-07-21 | 90 | 89 | 0 | 1 | 0 | 0 | |||
| XLY | open | BPS | 2023-07-20 | 2023-07-21 | 175 | 174 | 0.46 | 1 | 1.4 | 44.6 | -$55.40 | 1 | -20221.00% |
| XLY | assigned | BPS | 2023-07-21 | 2023-07-21 | 0 | 175 | -175 | 1 | 0 | -17500 | |||
| XLY | exercised | BPS | 2023-07-21 | 2023-07-21 | 174 | 0 | 174 | 1 | 0 | 17400 | |||
| XLY | open | BCS | 2023-07-20 | 2023-07-21 | 179 | 180 | 0.04 | 1 | 1.4 | 2.6 | $2.60 | 1 | 949.00% |
| XLY | expired | BCS | 2023-07-21 | 2023-07-21 | 180 | 179 | 0 | 1 | 0 | 0 | |||
| TOTAL | -$2,986.40 | ||||||||||||
| Win % | 58.14% | ||||||||||||
| Avg. Win/Loss | -$69.45 | ||||||||||||
| Number of trades | 43 |
Notes and Thoughts #
Over 80% of the losses came from just 4 trades -- TGT, GIS, ADBE, VMW
2 were bearish positions (ADBE, VMW), and 2 were bullish positions (TGT, GIS)
I had the chance to cut losses multiple times on all of them, but never did. I was hoping for a sudden reversal that never happened.
Most of my other notes for the month, I wrote about last week. Here are the main points:
- Make less trades
- Cut losses (follow rules, be disciplined)
- Stick to a few set strategies
We'll see if I can stick to the plan next month and get things back on track.