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How I LOST $475 in November 2025 trading options

Another losing month.

Second in a row. Both losses were small, but still frustrating.

It's like you worked an entire month and didn't get anything for it.

None of my strategies performed particularly well, and had another bad day of slippage which ruined everything.

Here are the trade breakdowns for November 2025:

November 2025 Closed Trades #

Non 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
XLF Long Call 2025-02-26 2026-01-16 0 40 -12.85 1 0.64 -1285.64 2025-11-11 13.37 1 1.05 50.3099999999999
VIX Long Call 2025-07-25 2025-11-18 0 60 -0.5 1 1.31 -51.31 2025-11-19 0 1 0 -51.31
XLF Covered Call 2025-08-15 2025-09-19 55 0 0.18 1 0.57 17.43 2025-11-11 0 1 0 17.43
SPY BCS 2025-09-22 2025-11-21 673 675 1.07 1 3.04 103.96 2025-11-18 -0.5 1 2.09 51.87
SPY BCS 2025-09-25 2025-11-07 663 665 1.11 1 1.4 109.6 2025-11-07 -0.5 1 2.09 57.51
SPY BCS 2025-10-02 2025-11-14 675 677 1.06 1 1.39 104.61 2025-11-07 -0.5 1 1.39 53.22
T Diagonal Spread (Short Leg) 2025-10-09 2025-11-21 26 0 0.9 1 1.25 88.75 2025-11-17 -0.52 1 0.7 36.05
T Diagonal Spread (Long Leg) 2025-10-09 2025-11-07 0 25 -0.42 1 1.25 -43.25 2025-11-17 0.64 1 1.05 19.7
SPY BPS (IC) 2025-10-10 2025-11-21 650 648 0.5 1 1.4 48.6 2025-11-19 -0.28 1 3.08 17.52
SPY BPS (IC) 2025-10-10 2025-11-21 678 680 0.78 1 1.4 76.6 2025-11-19 -0.22 1 3.08 51.52
QQQ BPS (IC) 2025-10-10 2025-11-21 586 584 0.58 1 1.4 56.6 2025-11-21 0 1 0 56.6
QQQ BPS (IC) 2025-10-10 2025-11-21 620 622 0.65 1 1.4 63.5999999999999 2025-11-21 0 1 0 63.5999999999999
IWM BPS (IC) 2025-10-15 2025-11-28 224 220 0.26 1 1.4 24.6 2025-11-10 -0.17 1 1.4 6.2
IWM BCS (IC) 2025-10-15 2025-11-28 275 280 0.35 1 1.4 33.6 2025-11-10 -0.03 1 1.4 29.2
SPY BCS 2025-10-15 2025-11-28 672 674 1.09 1 2.1 106.9 2025-11-21 -0.48 1 2.1 56.8
SLV BPS (IC) 2025-10-15 2025-11-21 45 43 0.68 1 1.4 66.6 2025-11-11 -0.42 1 2.1 22.5
SLV BPS (IC) 2025-10-15 2025-11-21 52 54 0.3 1 1.4 28.6 2025-11-11 -0.05 1 2.1 21.5
IBIT Short Put 2025-10-21 2025-11-07 51 0 0.2 1 1.05 18.95 2025-11-07 0 1 0 18.95
SPY BWB – Bull Put 2025-10-24 2025-11-14 666 660 1 1 2.15 97.85 2025-11-07 -2.03 1 1.045 -106.195
SPY BWB – Bear Put 2025-10-24 2025-11-14 666 669 -0.64 1 2.15 -66.15 2025-11-07 1.28 1 1.045 60.8050000000001
SPY BCS 2025-10-27 2025-12-05 689 691 1.03 1 1.39 101.61 2025-11-07 -0.5 1 1.39 50.22
SPY BCS 2025-10-28 2025-12-19 694 696 1.05 1 1.39 103.61 2025-11-07 -0.5 1 0 53.61
IWM BPS (IC) 2025-10-28 2025-12-19 220 215 0.29 1 1.05 27.95 2025-11-26 -0.16 1 3.04 8.90999999999999
IWM BCS (IC) 2025-10-28 2025-12-19 280 285 0.26 1 1.05 24.95 2025-11-26 -0.04 1 3.04 17.91
SPY BWB – Bull Put 2025-10-31 2025-11-21 667 661 1.1 1 1.4 108.6 2025-11-26 -2.87 1 1.4 -179.8
SPY BWB – Bear Put 2025-10-31 2025-11-21 667 670 -0.69 1 1.4 -70.4 2025-11-26 1.77 1 1.39 105.21
T Long Put 2025-11-04 2025-11-21 25 0 -0.31 1 1.05 -32.05 2025-11-17 0.02 1 0.7 -30.75
IWM BPS (IC) 2025-11-05 2025-12-19 217 212 0.32 1 1.4 30.6 2025-11-26 -0.15 1 1.4 14.2
IWM BCS (IC) 2025-11-05 2025-12-19 270 275 0.34 1 1.4 32.6 2025-11-26 -0.1 1 1.4 21.2
SPY BCS 2025-11-10 2025-12-19 681 683 1.11 1 2.09 108.91 2025-11-21 -0.5 1 1.39 57.52
SPY BPS 2025-11-19 2025-12-19 662 656 2.02 1 1.4 200.6 2025-11-26 -1 1 2.09 98.5099999999999
TOTAL 750.52
Total trades 31

Was actually a really good month for non-0DTE trades.

"Trade Ideas" strategy finaly hit the jackpot after losing every trade since like April. The positions were almost all bearish or neutral so when the market turned down, a lot of positions closed for profit.

Other than that, messed around with rolling out some spreads, and got lucky.

0DTE + 1DTE 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 BPS (IC) 2025-10-31 2025-11-03 6860 6850 4.3 1 3.28 426.72 2025-11-03 -8.03 1 0 -376.28
SPX BCS (IC) 2025-10-31 2025-11-03 6860 6865 2.6 1 3.28 256.72 2025-11-03 0 1 0 256.72
SPX BPS (IC) 2025-10-31 2025-11-03 6805 6800 0.979999999999999 1 3.28 94.7199999999999 2025-11-03 0 1 0 94.7199999999999
SPX BCS (IC) 2025-10-31 2025-11-03 6875 6880 1.57 1 3.28 153.72 2025-11-03 0 1 0 153.72
SPX BPS (IC) 2025-11-03 2025-11-03 6830 6825 0.97 1 3.28 93.72 2025-11-03 0 1 0 93.72
SPX BCS (IC) 2025-11-03 2025-11-03 6875 6880 1.63 1 3.28 159.72 2025-11-03 0 1 0 159.72
SPX BCS 2025-11-03 2025-11-03 6900 6955 1.2 1 3.19 116.81 2025-11-03 0 1 0 116.81
SPX BPS 2025-11-03 2025-11-03 6780 6710 1 1 3.19 96.81 2025-11-03 0 1 0 96.81
SPX BPS 2025-11-03 2025-11-03 6820 6745 0.9 1 3.19 86.81 2025-11-03 0 1 0 86.81
SPX BPS 2025-11-04 2025-11-04 6740 6665 0.95 1 3.19 91.81 2025-11-04 -2.05 1 3.39 -116.58
SPX BPS (IC) 2025-11-04 2025-11-04 6770 6765 0.7 1 3.28 66.72 2025-11-04 0 1 0 66.72
SPX BCS (IC) 2025-11-04 2025-11-04 6825 6830 0.8 1 3.28 76.72 2025-11-04 0 1 0 76.72
SPX BPS (IC) 2025-11-05 2025-11-06 6805 6795 4.5 1 3.48 446.52 2025-11-06 -10 1 0 -553.48
SPX BCS (IC) 2025-11-05 2025-11-06 6805 6810 2.5 1 3.28 246.72 2025-11-06 0 1 0 246.72
SPX BPS 2025-11-05 2025-11-05 6745 6675 1 1 3.19 96.81 2025-11-05 0 1 0 96.81
SPX BPS 2025-11-05 2025-11-05 6785 6720 1.05 1 3.19 101.81 2025-11-05 0 1 0 101.81
SPX BPS 2025-11-05 2025-11-05 6810 6750 1.15 1 3.19 111.81 2025-11-05 -2.3 1 3.39 -121.58
SPX BPS 2025-11-05 2025-11-05 6815 6775 1.2 1 3.19 116.81 2025-11-05 -2.35 1 3.19 -121.38
SPX BCS 2025-11-06 2025-11-06 6785 6790 0.65 1 3.28 61.72 2025-11-06 0 1 0 61.72
SPX BCS 2025-11-06 2025-11-06 6780 6840 0.95 1 3.19 91.81 2025-11-06 0 1 0 91.81
SPX BPS 2025-11-06 2025-11-06 6700 6635 1.1 1 3.19 106.81 2025-11-06 0 1 0 106.81
SPX BCS 2025-11-07 2025-11-07 6765 6835 0.9 1 3.19 86.81 2025-11-07 0 1 0 86.81
SPX Bear Put Spread 2025-11-07 2025-11-07 6655 6660 -2.3 1 3.28 -233.28 2025-11-07 0 1 0 -233.28
SPX BCS 2025-11-07 2025-11-07 6705 6775 1.1 1 3.19 106.81 2025-11-07 -2.3 1 3.19 -126.38
SPX BPS 2025-11-07 2025-11-07 6655 6595 1.1 1 3.19 106.81 2025-11-07 0 1 3.19 103.62
SPX BPS 2025-11-07 2025-11-07 6685 6615 1 1 3.39 96.61 2025-11-07 -1.95 1 3.19 -101.58
SPX BPS (IC) 2025-11-07 2025-11-07 6700 6695 0.78 1 3.28 74.72 2025-11-07 0 1 0 74.72
SPX BCS (IC) 2025-11-07 2025-11-07 6730 6735 0.77 1 3.28 73.72 2025-11-07 0 1 0 73.72
SPX BCS 2025-11-07 2025-11-07 6715 6720 1.55 1 3.28 151.72 2025-11-07 -5 1 0 -348.28
SPX BPS (IC) 2025-11-10 2025-11-10 6785 6780 0.92 1 3.28 88.72 2025-11-10 0 1 0 88.72
SPX BCS (IC) 2025-11-10 2025-11-10 6830 6835 1.13 1 3.28 109.72 2025-11-10 -2.43 1 0 -133.28
SPX BPS 2025-11-10 2025-11-10 6725 6650 1 1 3.19 96.81 2025-11-10 -2.05 1 3.19 -111.38
SPX BCS 2025-11-10 2025-11-10 6815 6820 0.75 1 3.28 71.72 2025-11-10 -5 1 0 -428.28
SPX BCS 2025-11-10 2025-11-10 6815 6875 1.05 1 3.19 101.81 2025-11-10 -2.2 1 3.19 -121.38
SPX BPS 2025-11-10 2025-11-10 6770 6705 1 1 3.19 96.81 2025-11-10 0 1 0 96.81
SPX BPS 2025-11-10 2025-11-10 6785 6710 1.2 1 3.19 116.81 2025-11-10 0 1 0 116.81
SPX BPS 2025-11-11 2025-11-11 6845 6905 1.2 1 3.19 116.81 2025-11-11 -2.4 1 3.39 -126.58
SPX BCS 2025-11-11 2025-11-11 6835 6840 0.6 1 3.28 56.72 2025-11-11 -5 1 0 -443.28
SPX BPS (IC) 2025-11-11 2025-11-11 6805 6800 0.75 1 3.28 71.72 2025-11-11 0 1 0 71.72
SPX BCS (IC) 2025-11-11 2025-11-11 6845 6850 0.75 1 3.28 71.72 2025-11-11 -1.61 1 0 -89.28
SPX BPS 2025-11-11 2025-11-11 6780 6715 0.85 1 3.19 81.81 2025-11-11 0 1 0 81.81
SPX BPS (IC) 2025-11-12 2025-11-13 6860 6850 4.7 1 3.28 466.72 2025-11-13 -10 1 0 -533.28
SPX BCS (IC) 2025-11-12 2025-11-13 6860 6865 2.35 1 3.28 231.72 2025-11-13 0 1 0 231.72
SPX BCS 2025-11-12 2025-11-12 6885 6935 1 1 3.19 96.81 2025-11-12 0 1 0 96.81
SPX BPS 2025-11-12 2025-11-12 6790 6720 0.9 1 3.19 86.81 2025-11-12 0 1 0 86.81
SPX BPS 2025-11-12 2025-11-12 6830 6760 1.05 1 3.19 101.81 2025-11-12 -2.25 1 3.19 -126.38
SPX BCS 2025-11-12 2025-11-12 6865 6905 1.05 1 3.39 101.61 2025-11-12 0 1 0 101.61
SPX Bull Call Spread 2025-11-13 2025-11-13 6835 6830 -2.25 1 3.28 -228.28 2025-11-13 0 1 0 -228.28
SPX BCS 2025-11-13 2025-11-13 6835 6840 0.6 1 3.28 56.72 2025-11-13 0 1 0 56.72
SPX BCS 2025-11-13 2025-11-13 6825 6870 1.25 1 3.19 121.81 2025-11-13 0 1 0 121.81
SPX BCS 2025-11-13 2025-11-13 6795 6850 0.9 1 3.19 86.81 2025-11-13 0 1 0 86.81
SPX BCS 2025-11-14 2025-11-14 6795 6870 1.1 1 3.39 106.61 2025-11-14 -2.25 1 3.19 -121.58
SPX Bull Call Spread 2025-11-14 2025-11-14 6710 6715 -2.45 1 3.28 -248.28 2025-11-14 5 1 0 251.72
SPX BPS 2025-11-14 2025-11-14 6690 6685 1.35 1 3.28 131.72 2025-11-14 0 1 0 131.72
SPX BPS 2025-11-14 2025-11-14 6700 6625 1 1 3.19 96.81 2025-11-14 -2.05 1 3.19 -111.38
SPX BPS 2025-11-14 2025-11-14 6725 6660 1.1 1 3.19 106.81 2025-11-14 -2.3 1 3.19 -126.38
SPX BPS 2025-11-14 2025-11-14 6740 6680 1.15 1 3.19 111.81 2025-11-14 -2.15 1 3.19 -106.38
SPX BPS (IC) 2025-11-14 2025-11-14 6745 6740 1.09 1 3.28 105.72 2025-11-14 -5 1 0 -394.28
SPX BCS (IC) 2025-11-14 2025-11-14 6765 6770 1.26 1 3.28 122.72 2025-11-14 0 1 0 122.72
SPX BCS 2025-11-14 2025-11-14 6750 6755 1.35 1 3.28 131.72 2025-11-14 0 1 0 131.72
SPX BPS (IC) 2025-11-17 2025-11-17 6705 6700 1.07 1 3.28 103.72 2025-11-17 -5 1 0 -396.28
SPX BCS (IC) 2025-11-17 2025-11-17 6775 6780 1.28 1 3.28 124.72 2025-11-17 0 1 0 124.72
SPX BCS 2025-11-17 2025-11-17 6810 6860 1 1 3.19 96.81 2025-11-17 0 1 0 96.81
SPX BCS 2025-11-17 2025-11-17 6745 6750 0.7 1 3.28 66.72 2025-11-17 0 1 0 66.72
SPX BCS 2025-11-17 2025-11-17 6775 6840 1.15 1 3.19 111.81 2025-11-17 -2.3 1 3.19 -121.38
SPX BCS 2025-11-17 2025-11-17 6760 6815 1.25 1 3.39 121.61 2025-11-17 0 1 0 121.61
SPX BCS 2025-11-17 2025-11-17 6745 6785 1.25 1 3.19 121.81 2025-11-17 0 1 0 121.81
SPX Bear Put Spread 2025-11-18 2025-11-18 6620 6615 -2.3 1 3.48 -233.48 2025-11-18 2.68 1 0 34.52
SPX BCS 2025-11-18 2025-11-18 6705 6775 0.9 1 3.19 86.81 2025-11-18 -1.95 1 3.29 -111.48
SPX BCS 2025-11-18 2025-11-18 6640 6645 0.65 1 3.48 61.52 2025-11-18 0 1 0 61.52
SPX BPS (IC) 2025-11-18 2025-11-18 6575 6570 0.9 1 3.28 86.72 2025-11-18 0 1 0 86.72
SPX BCS (IC) 2025-11-18 2025-11-18 6665 6670 0.95 1 3.28 91.72 2025-11-18 0 1 0 91.72
SPX BPS 2025-11-18 2025-11-18 6540 6465 1.05 1 3.19 101.81 2025-11-18 -2.15 1 3.39 -116.58
SPX BCS 2025-11-19 2025-11-19 6700 6750 1.05 1 3.39 101.61 2025-11-19 -0.45 1 3.1 53.51
SPX BCS 2025-11-19 2025-11-19 6685 6760 1.2 1 3.39 116.61 2025-11-19 -1.1 1 3.19 3.41999999999999
SPX Bull Call Spread 2025-11-20 2025-11-20 6775 6770 -2.75 1 3.28 -278.28 2025-11-20 0 1 0 -278.28
SPX Bear Put Spread 2025-11-20 2025-11-20 6730 6735 -2 1 3.28 -203.28 2025-11-20 5 1 0 296.72
SPX BCS 2025-11-20 2025-11-20 6780 6785 0.7 1 3.48 66.52 2025-11-20 0 1 0 66.52
SPX BCS 2025-11-20 2025-11-20 6765 6825 1.25 1 3.39 121.61 2025-11-20 0 1 0 121.61
SPX BCS 2025-11-20 2025-11-20 6655 6725 1.1 1 3.19 106.81 2025-11-20 0 1 0 106.81
SPX Bear Put Spread 2025-11-21 2025-11-21 6550 6555 -2.2 1 3.28 -223.28 2025-11-21 0 1 0 -223.28
SPX BPS 2025-11-21 2025-11-21 6550 6545 1.2 1 3.28 116.72 2025-11-21 0 1 0 116.72
SPX Bull Call Spread 2025-11-21 2025-11-21 6595 6590 -2.4 1 3.48 -243.48 2025-11-21 5 1 0 256.52
SPX BPS 2025-11-21 2025-11-21 6505 6430 0.95 1 3.19 91.81 2025-11-21 -1.95 1 3.19 -106.38
SPX BPS (IC) 2025-11-21 2025-11-24 6600 6595 1.03 1 3.28 99.72 2025-11-24 0 1 0 99.72
SPX BCS (IC) 2025-11-21 2025-11-24 6705 6710 1.57 1 3.28 153.72 2025-11-24 -0.12 1 0 141.72
SPX BPS 2025-11-21 2025-11-21 6610 6535 1 1 3.19 96.81 2025-11-21 -2.05 1 3.39 -111.58
SPX BCS 2025-11-21 2025-11-21 6665 6725 1.1 1 3.19 106.81 2025-11-21 0 1 0 106.81
SPX BPS (IC) 2025-11-21 2025-11-21 6615 6610 0.9 1 3.28 86.72 2025-11-21 -5 1 0 -413.28
SPX BCS (IC) 2025-11-21 2025-11-21 6645 6650 1.25 1 3.28 121.72 2025-11-21 0 1 0 121.72
SPX BPS (IC) 2025-11-24 2025-11-24 6615 6610 0.92 1 3.28 88.72 2025-11-24 0 1 0 88.72
SPX BCS (IC) 2025-11-24 2025-11-24 6685 6690 1.48 1 3.28 144.72 2025-11-24 -5 1 0 -355.28
SPX BPS 2025-11-24 2025-11-24 6500 6430 0.95 1 3.19 91.81 2025-11-24 0 1 0 91.81
SPX BPS 2025-11-24 2025-11-24 6650 6645 1.15 1 3.28 111.72 2025-11-24 0 1 0 111.72
SPX BPS 2025-11-24 2025-11-24 6605 6530 0.9 1 3.19 86.81 2025-11-24 0 1 0 86.81
SPX BPS 2025-11-24 2025-11-24 6650 6575 0.95 1 3.19 91.81 2025-11-24 0 1 0 91.81
SPX Bear Put Spread 2025-11-25 2025-11-25 6680 6685 -1.9 1 3.48 -193.48 2025-11-25 0 1 0 -193.48
SPX Bull Call Spread 2025-11-25 2025-11-25 6730 6725 -2.4 1 3.28 -243.28 2025-11-25 5 1 0 256.72
SPX BPS 2025-11-25 2025-11-25 6700 6695 1.05 1 3.28 101.72 2025-11-25 0 1 0 101.72
SPX BPS 2025-11-25 2025-11-25 6635 6560 0.9 1 3.19 86.81 2025-11-25 -1.9 1 3.39 -106.58
SPX BPS (IC) 2025-11-25 2025-11-25 6690 6685 0.77 1 3.28 73.72 2025-11-25 0 1 0 73.72
SPX BCS (IC) 2025-11-25 2025-11-25 6745 6750 0.88 1 3.28 84.72 2025-11-25 -5 1 0 -415.28
SPX BPS 2025-11-25 2025-11-25 6680 6610 1 1 3.19 96.81 2025-11-25 0 1 0 96.81
SPX BPS 2025-11-25 2025-11-25 6735 6730 0.8 1 3.28 76.72 2025-11-25 0 1 0 76.72
SPX Bull Call Spread 2025-11-26 2025-11-26 6825 6820 -1.9 1 3.28 -193.28 2025-11-26 0 1 0 -193.28
SPX BPS 2025-11-26 2025-11-26 6775 6705 1 1 3.19 96.81 2025-11-26 -5.35 1 3.39 -441.58
SPX BCS 2025-11-26 2025-11-26 6850 6925 1.05 1 3.19 101.81 2025-11-26 0 1 0 101.81
SPX BCS 2025-11-26 2025-11-26 6835 6900 1.2 1 3.19 116.81 2025-11-26 -2.5 1 1.64 -134.83
SPX BPS 2025-11-26 2025-11-26 6805 6735 0.95 1 3.19 91.81 2025-11-26 0 1 0 91.81
SPX BPS 2025-11-26 2025-11-26 6825 6820 1.05 1 3.28 101.72 2025-11-26 0 1 0 101.72
TOTAL -1226.14
Total trades = 110
TOTAL PROFIT -$475.62
Total trades 141
Profit/trade -$3.37

Terrible month for 0DTE. Nothing seemed to work.

New 'ORB' strategy I've been testing last couple months has been constantly losing. Not sure if I should keep going with it or not.

Also, lost an exra $300+ on one trade due to slippage. Two months in a row of bad slippage days.

TOTALS #

Trade Type Profit/Loss
0DTE + 1DTE trades -$1226.14
Other trades $750.52
NET PROFIT / LOSS -$475.62

Total number of trades = 141

Notes and Thoughts #

Bleh, another losing month.

On a good note, my non-0DTE trades did well, and helped hedge the terrible peformance of 0DTE trades.

A couple strategies are really not performing at all, so need to take some time to re-evaluate everything.

Unfortunately, been super busy with non-trading life, and have been procastinating doing any meaningful analysis.

Excuses, excuses.

Can't believe we're already at the end of 2025.