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Options 1k

How I made $1,239 in March 2025 trading options

Good month.

Could've been really, really good, but I lost liek $600 on the last day of the month instead of sitting out and being happy with my earnings.

On an earlier week I also lost $500 the last couple days of the week, even though I was up over $1k and could've just sat out the last couple days.

So, I really could've been up over $2k on the month if I just sat out a few days.

Doesnt feel so good when I look at it that way...

March 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
XLB BCS 2025-01-13 2025-03-21 85 86 0.53 1 1.41 51.59 2025-03-21 -0.2 1 1.42 30.17
XLB BCS 2025-01-22 2025-03-21 90 91 0.51 1 1.42 49.58 2025-03-03 -0.2 1 2.12 27.46
KMI Long 2025-01-31 - 0 27.62 -27.62 1 1 -2763 2025-03-28 28 1 0 37
KMI Covered Call 2025-02-03 2025-02-07 27.5 0 0.23 1 1.06 21.94 2025-03-28 0 1 0 21.94
SPY BCS 2025-02-06 2025-03-28 611 612 0.52 1 2.14 49.86 2025-03-03 -0.2 1 1.42 28.44
KMI Covered Call 2025-02-10 2025-02-14 27.5 0 0.15 1 0.58 14.42 2025-03-28 0 1 0 14.42
SPY BPS 2025-02-10 2025-03-28 575 570 0.51 1 1.42 49.58 2025-03-07 -2.46 1 2.15 -198.57
GLD BPS (IC) 2025-02-12 2025-03-28 258 257 0.24 1 1.42 22.58 2025-03-28 0 1 0 22.58
GLD BCS (IC) 2025-02-12 2025-03-28 275 276 0.26 1 1.43 24.57 2025-03-28 -1 1 0 -75.43
SPY BPS 2025-02-18 2025-04-04 579 574 0.47 1 2.13 44.87 2025-03-13 -3.86 1 2.19 -343.32
KMI Dividend 2025-02-19 - 0 0 2.841 0.09136 0.02 25.935376 2025-03-28 0 1 0.26 25.675376
PG BPS 2025-02-20 2025-05-16 155 140 1.07 1 2 105 2025-03-04 -0.35 1 2.12 67.88
SPY BPS 2025-02-24 2025-04-17 560 555 0.49 1 1.43 47.57 2025-03-31 -2.68 1 1.45 -221.88
SPY BCS 2025-02-27 2025-04-17 601 602 0.51 1 1.44 49.56 2025-03-10 -0.2 1 2.12 27.44
KMI Covered Call 2025-03-03 2025-03-07 28 0 0.22 1 0.81 21.19 2025-03-28 0 1 0 21.19
SPY BCS 2025-03-03 2025-04-30 602 603 0.52 1 1.45 50.55 2025-03-10 -0.2 1 2.52 28.03
BITO Short Put 2025-03-04 2025-03-07 17.5 0 0.16 1 1.06 14.94 2025-03-07 0 1 0 14.94
IBIT Short Put 2025-03-04 2025-03-14 40 0 0.25 1 0.57 24.43 2025-03-14 0 1 0 24.43
QQQ BCS 2025-03-05 2025-04-17 500 501 0.54 1 1.46 52.54 2025-03-18 -0.2 1 1.43 31.11
SPY BPS 2025-03-10 2025-04-25 520 515 0.58 1 1.43 56.57 2025-03-24 -0.19 1 2.52 35.05
BITO Short Put 2025-03-10 2025-03-14 17 0 0.24 1 0.81 23.19 2025-03-14 0 1 0 23.19
PFE Short Put 2025-03-13 2025-03-21 25 0 0.19 1 0.64 18.36 2025-03-21 0 1 0 18.36
KMI Covered Call 2025-03-18 2025-03-21 28 0 0.22 1 1.06 20.94 2025-03-28 0 1 0 20.94
KMI Covered Call 2025-03-24 2025-03-28 28.5 0 0.25 1 0.81 24.19 2025-03-28 -0.02 1 1.06 21.13
SPY BCS 2025-03-24 2025-05-02 579 580 0.53 1 2.15 50.85 2025-03-31 -0.2 1 2.52 28.33
QQQ BCS 2025-03-26 2025-05-02 495 496 0.5 1 2.14 47.86 2025-03-31 -0.2 1 2.12 25.74
KMI Covered Call 2025-03-28 2025-03-28 28 0 0.2 1 1.06 18.94 2025-03-28 0 1 0 18.94
TOTAL -224.814624
Total trades 27

Interestingly, I actually lost money on non-0DTE trades, mainly due to Weekly 45DTE SPY trades doing poorly.

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 BPS 2025-03-03 2025-03-03 5835 5765 0.9 1 3.21 86.79 2025-03-03 -1.85 1 3.21 -101.42
SPX BPS 2025-03-03 2025-03-03 5870 5800 0.85 1 3.12 81.88 2025-03-03 -1.8 1 3.21 -101.33
SPX BPS 2025-03-03 2025-03-03 5850 5790 1 1 3.21 96.79 2025-03-03 -2 1 3.21 -106.42
SPX BCS 2025-03-03 2025-03-03 5890 5895 1.15 1 3.3 111.7 2025-03-03 -0.85 1 3.3 23.4
SPX BCS 2025-03-03 2025-03-03 5845 5875 1 1 3.21 96.79 2025-03-03 -2.05 1 3.21 -111.42
SPX BCS 2025-03-04 2025-03-04 5880 5945 0.9 1 3.21 86.79 2025-03-04 -1.8 1 1.65 -94.86
SPX BPS 2025-03-04 2025-03-04 5710 5640 0.95 1 3.21 91.79 2025-03-04 -0.1 1 1.56 80.23
SPX BCS 2025-03-04 2025-03-04 5860 5865 1.2 1 3.5 116.5 2025-03-04 -0.9 1 3.3 23.2
SPX BCS 2025-03-05 2025-03-05 5915 5970 1 1 3.21 96.79 2025-03-05 0 1 0 96.79
SPX BPS (IC) 2025-03-05 2025-03-05 5730 5725 1.03 1 3.3 99.7 2025-03-05 0 1 0 99.7
SPX BCS (IC) 2025-03-05 2025-03-05 5815 5820 1.07 1 3.3 103.7 2025-03-05 -5 1 0 -396.3
SPX BPS 2025-03-05 2025-03-05 5715 5645 0.8 1 3.12 76.88 2025-03-05 -1.75 1 3.41 -101.53
SPX BPS 2025-03-05 2025-03-05 5765 5700 0.85 1 3.12 81.88 2025-03-05 0 1 0 81.88
SPX BCS 2025-03-05 2025-03-05 5865 5870 0.95 1 3.3 91.7 2025-03-05 -0.7 1 3.3 18.4
SPX BPS (IC) 2025-03-06 2025-03-06 5685 5680 0.9 1 3.3 86.7 2025-03-06 -0.55 1 3.12 28.58
SPX BCS (IC) 2025-03-06 2025-03-06 5740 5745 1.1 1 3.3 106.7 2025-03-06 -0.45 1 3.3 58.4000000000001
SPX BCS 2025-03-07 2025-03-07 5865 5915 0.9 1 3.21 86.79 2025-03-07 0 1 0 86.79
SPX BCS 2025-03-07 2025-03-07 5820 5860 0.85 1 3.21 81.79 2025-03-07 -1.7 1 3.21 -91.42
SPX BCS 2025-03-07 2025-03-07 5780 5785 1.1 1 3.5 106.5 2025-03-07 -0.8 1 3.3 23.2
SPX BPS 2025-03-07 2025-03-07 5715 5660 1 1 3.41 96.59 2025-03-07 -1.95 1 1.75 -100.16
SPX BPS (IC) 2025-03-07 2025-03-07 5750 5745 0.72 1 3.3 68.7 2025-03-07 0 1 0 68.7
SPX BCS (IC) 2025-03-07 2025-03-07 5790 5795 1.18 1 3.3 114.7 2025-03-07 0 1 0 114.7
SPX BCS 2025-03-10 2025-03-10 5775 5835 0.8 1 3.21 76.79 2025-03-10 0 1 0 76.79
SPX BPS (IC) 2025-03-10 2025-03-10 5585 5580 0.98 1 3.3 94.7000000000001 2025-03-10 0 1 0 94.7000000000001
SPX BCS (IC) 2025-03-10 2025-03-10 5645 5640 1.07 1 3.3 103.7 2025-03-10 0 1 0 103.7
SPX BCS 2025-03-10 2025-03-10 5700 5765 0.85 1 3.12 81.88 2025-03-10 0 1 0 81.88
SPX BPS 2025-03-10 2025-03-10 5575 5530 1 1 3.21 96.79 2025-03-10 0 1 0 96.79
SPX BCS 2025-03-11 2025-03-11 5690 5740 0.95 1 3.21 91.79 2025-03-11 -2 1 3.21 -111.42
SPX BPS (IC) 2025-03-11 2025-03-11 5535 5530 1.1 1 3.3 106.7 2025-03-11 0 1 0 106.7
SPX BCS (IC) 2025-03-11 2025-03-11 5635 5640 1.1 1 3.3 106.7 2025-03-11 0 1 0 106.7
SPX BCS 2025-03-11 2025-03-11 5620 5685 0.95 1 3.21 91.79 2025-03-11 -2.05 1 3.21 -116.42
SPX BCS 2025-03-11 2025-03-11 5635 5670 1.05 1 3.21 101.79 2025-03-11 0 1 0 101.79
SPX BPS 2025-03-12 2025-03-12 5465 5400 0.9 1 3.21 86.79 2025-03-12 -1.85 1 3.41 -101.62
SPX BPS (IC) 2025-03-12 2025-03-12 5565 5560 1.2 1 3.3 116.7 2025-03-12 0 1 0 116.7
SPX BCS (IC) 2025-03-12 2025-03-12 5635 5640 0.95 1 3.3 91.7 2025-03-12 0 1 0 91.7
SPX BPS 2025-03-12 2025-03-12 5495 5430 1 1 3.21 96.79 2025-03-12 0 1 0 96.79
SPX BPS 2025-03-12 2025-03-12 5565 5500 0.95 1 3.21 91.79 2025-03-12 0 1 0 91.79
SPX BCS 2025-03-12 2025-03-12 5635 5640 1.05 1 3.3 101.7 2025-03-12 -0.75 1 3.3 23.4
SPX BPS (IC) 2025-03-13 2025-03-13 5565 5560 1.17 1 3.3 113.7 2025-03-13 -0.55 1 0 58.7
SPX BCS (IC) 2025-03-13 2025-03-13 5510 5515 0.88 1 3.3 84.7 2025-03-13 -0.4 1 6.6 38.1
SPX BCS 2025-03-13 2025-03-13 5565 5570 1.05 1 3.3 101.7 2025-03-13 -0.75 1 3.3 23.4
SPX BPS 2025-03-14 2025-03-14 5455 5390 0.85 1 3.21 81.79 2025-03-14 0 1 0 81.79
SPX BCS 2025-03-14 2025-03-14 5665 5725 1.05 1 3.21 101.79 2025-03-14 -2.2 1 1.75 -119.96
SPX BPS 2025-03-14 2025-03-14 5610 5565 1.15 1 3.21 111.79 2025-03-14 0 1 0 111.79
SPX BPS 2025-03-17 2025-03-17 5595 5525 0.85 1 3.21 81.79 2025-03-17 0 1 0 81.79
SPX BPS (IC) 2025-03-17 2025-03-17 5665 5660 0.73 1 3.3 69.7 2025-03-17 0 1 0 69.7
SPX BCS (IC) 2025-03-17 2025-03-17 5695 5700 1.17 1 3.3 113.7 2025-03-17 0 1 0 113.7
SPX BPS 2025-03-17 2025-03-17 5655 5590 0.85 1 3.12 81.88 2025-03-17 0 1 0 81.88
SPX BCS 2025-03-17 2025-03-17 5705 5710 1 1 3.3 96.7 2025-03-17 -0.75 1 3.21 18.49
SPX BCS 2025-03-17 2025-03-17 5705 5735 0.85 1 3.12 81.88 2025-03-17 0 1 0 81.88
SPX BCS 2025-03-18 2025-03-18 5700 5765 0.85 1 3.12 81.88 2025-03-18 0 1 0 81.88
SPX BPS (IC) 2025-03-18 2025-03-18 5575 5570 0.98 1 3.3 94.7000000000001 2025-03-18 0 1 0 94.7000000000001
SPX BCS (IC) 2025-03-18 2025-03-18 5635 5640 1.07 1 3.3 103.7 2025-03-18 0 1 0 103.7
SPX BPS 2025-03-18 2025-03-18 5555 5490 0.95 1 3.21 91.79 2025-03-18 0 1 0 91.79
SPX BCS 2025-03-18 2025-03-18 5635 5640 0.75 1 3.3 71.7 2025-03-18 -0.55 1 3.3 13.4
SPX BPS 2025-03-18 2025-03-18 5625 5655 1 1 3.21 96.79 2025-03-18 0 1 0 96.79
SPX BPS 2025-03-19 2025-03-19 5505 5445 0.9 1 3.21 86.79 2025-03-19 0 1 0 86.79
SPX BPS (IC) 2025-03-19 2025-03-19 5625 5620 0.87 1 3.3 83.7 2025-03-19 0 1 0 83.7
SPX BCS (IC) 2025-03-19 2025-03-19 5700 5705 1.23 1 3.3 119.7 2025-03-19 0 1 0 119.7
SPX BCS 2025-03-19 2025-03-19 5735 5795 1 1 3.21 96.79 2025-03-19 -2.05 1 3.3 -111.51
SPX BPS 2025-03-19 2025-03-19 5605 5535 0.9 1 3.21 86.79 2025-03-19 0 1 0 86.79
SPX BCS 2025-03-19 2025-03-19 5710 5715 1.05 1 3.3 101.7 2025-03-19 -0.75 1 3.3 23.4
SPX BPS (IC) 2025-03-20 2025-03-20 5625 5620 0.86 1 3.3 82.7 2025-03-20 -0.4 1 3.3 39.4
SPX BCS (IC) 2025-03-20 2025-03-20 5660 5665 1.09 1 3.3 105.7 2025-03-20 -2.89 1 0 -183.3
SPX BCS 2025-03-20 2025-03-20 5670 5675 1 1 3.3 96.7 2025-03-20 -0.75 1 3.3 18.4
SPX BCS 2025-03-21 2025-03-21 5695 5765 1 1 3.41 96.59 2025-03-21 -2.05 1 1.65 -110.06
SPX BPS 2025-03-21 2025-03-21 5575 5505 1.05 1 3.41 101.59 2025-03-21 0 1 0 101.59
SPX BCS 2025-03-21 2025-03-21 5660 5665 1 1 3.3 96.7 2025-03-21 -0.75 1 3.3 18.4
SPX BCS 2025-03-21 2025-03-21 5665 5705 0.9 1 3.12 86.88 2025-03-21 -2 1 1.75 -114.87
SPX BPS (IC) 2025-03-21 2025-03-21 5630 5625 0.88 1 3.3 84.7 2025-03-21 0 1 0 84.7
SPX BCS (IC) 2025-03-21 2025-03-21 5650 5655 1.02 1 3.3 98.7 2025-03-21 -5 1 0 -401.3
SPX BPS 2025-03-24 2025-03-24 5715 5650 0.8 1 3.21 76.79 2025-03-24 -1.65 1 3.41 -91.62
SPX BPS (IC) 2025-03-24 2025-03-24 5740 5735 0.65 1 3.3 61.7 2025-03-24 0 1 0 61.7
SPX BCS (IC) 2025-03-24 2025-03-24 5765 5770 1 1 3.3 96.7 2025-03-24 -2.57 1 0 -160.3
SPX BCS 2025-03-24 2025-03-24 5765 5795 0.9 1 3.12 86.88 2025-03-24 -1.85 1 1.65 -99.77
SPX BPS 2025-03-24 2025-03-24 5760 5730 0.85 1 3.12 81.88 2025-03-24 0 1 0 81.88
SPX BPS (IC) 2025-03-25 2025-03-25 5765 5760 0.87 1 3.3 83.7 2025-03-25 0 1 0 83.7
SPX BCS (IC) 2025-03-25 2025-03-25 5795 5800 1.03 1 3.3 99.7 2025-03-25 0 1 0 99.7
SPX BCS 2025-03-25 2025-03-25 5785 5820 1.15 1 3.21 111.79 2025-03-25 0 1 0 111.79
SPX BPS 2025-03-25 2025-03-25 5765 5735 0.95 1 3.21 91.79 2025-03-25 0 1 0 91.79
SPX BPS 2025-03-26 2025-03-26 5720 5650 0.9 1 3.12 86.88 2025-03-26 -1.9 1 3.21 -106.33
SPX BPS (IC) 2025-03-26 2025-03-26 5705 5700 0.93 1 3.3 89.7 2025-03-26 0 1 0 89.7
SPX BCS (IC) 2025-03-26 2025-03-26 5750 5755 1.07 1 3.3 103.7 2025-03-26 0 1 0 103.7
SPX BCS 2025-03-26 2025-03-26 5760 5815 0.9 1 3.12 86.88 2025-03-26 0 1 0 86.88
SPX BPS 2025-03-26 2025-03-26 5705 5700 1.2 1 3.3 116.7 2025-03-26 0 1 0 116.7
SPX BCS 2025-03-26 2025-03-26 5725 5755 1.15 1 3.12 111.88 2025-03-26 0 1 0 111.88
SPX BCS 2025-03-26 2025-03-26 5660 5665 1 1 3.3 96.7 2025-03-26 -0.75 1 3.3 18.4
SPX BPS (IC) 2025-03-27 2025-03-27 5685 5680 0.84 1 3.3 80.7 2025-03-27 -0.4 1 3.21 37.49
SPX BCS (IC) 2025-03-27 2025-03-27 5715 5720 1.06 1 3.3 102.7 2025-03-27 -0.5 1 3.12 49.58
SPX BCS 2025-03-27 2025-03-27 5715 5720 0.95 1 3.3 91.7 2025-03-27 -0.7 1 3.21 18.49
SPX BCS 2025-03-28 2025-03-28 5705 5765 0.8 1 3.12 76.88 2025-03-28 0 1 0 76.88
SPX BCS 2025-03-28 2025-03-28 5660 5725 1 1 3.21 96.79 2025-03-28 0 1 0 96.79
SPX BCS 2025-03-28 2025-03-28 5600 5605 0.8 1 3.3 76.7 2025-03-28 -0.6 1 3.3 13.4
SPX BPS 2025-03-28 2025-03-28 5565 5500 1 1 3.21 96.79 2025-03-28 -2.1 1 1.65 -114.86
SPX BCS 2025-03-31 2025-03-31 5615 5670 0.8 1 3.12 76.88 2025-03-31 -1.65 1 3.21 -91.33
SPX BPS 2025-03-31 2025-03-31 5485 5425 0.8 1 3.21 76.79 2025-03-31 0 1 0 76.79
SPX BPS (IC) 2025-03-31 2025-03-31 5530 5525 0.88 1 3.3 84.7 2025-03-31 0 1 0 84.7
SPX BCS (IC) 2025-03-31 2025-03-31 5575 5580 1.07 1 3.3 103.7 2025-03-31 -5 1 0 -396.3
SPX BPS 2025-03-31 2025-03-31 5535 5475 0.85 1 3.21 81.79 2025-03-31 0 1 0 81.79
SPX BCS 2025-03-31 2025-03-31 5605 5610 1.1 1 3.5 106.5 2025-03-31 -5 1 0 -393.5
TOTAL 1464.15
Total trades = 100

0DTE did very well overall, can't really complain despite a few bad losses.

TOTALS #

TOTAL PROFIT/LOSS = $1,239.34

Total number of trades = 127

Notes and Thoughts #

A good month overall, despite the poor finish.

All the earnings this month came from 0DTE.

The new 0DTE strategy I'm trying out sells a single iron condor at a specific time each day. So far, it has performed very well.

A bit too well actually, so Im a bit worried its going to have a drawdown soon.

The other new 0DTE strategy I'm doing simply sells call credit spreads at 3pm every day.

I was taking profits early, as the backtest said it peformed slightly better this way. Unfortunately, later I realized that I had the backtest settings wrong, and I that taking profits early actually decreases returns.

So, that strategy performed a lot worse than it should've.