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How I made $1141 in March 2024 trading options

My second best month ever (after this January).

Also, second time cracking the $1000 mark.

Woohoo!

The market just keeps pumping up, so it's been pretty easy. Almost every bullish position has finished profitable.

Trying not to get too overconfident; it can all come crashing down with a bad trade.

Here are 16 closed trades for March 2024:

March 2024 Closed Trades #

Ticker Action Type Trade Date Expiry Sell Strike Buy Strike Premium Qty Fees Total Net Profit/Loss Days Annual Return
MSFT open BPS 2024-02-05 2024-05-17 365 355 1.17 1 1.26 115.74 $61.74 44 51.22%
MSFT close BPS 2024-03-20 2024-05-17 355 365 -0.54 1 0 -54
INTC open BPS 2024-02-08 2024-04-19 40 35 0.85 2 1.39 168.61 $82.12 25 119.90%
INTC close BPS 2024-03-04 2024-04-19 35 40 -0.42 2 2.49 -86.49
MSFT open BPS 2024-02-12 2024-05-17 375 360 1.61 1 1.26 159.74 $200.94 37 44.05%
MSFT close BPS 2024-02-16 2024-05-17 360 - 3.84 1 0.7 383.3
MSFT open BPS 2024-02-16 2024-05-17 - 330 -1.5 1 0.7 -150.7
MSFT close BPS 2024-03-20 2024-05-17 330 375 -1.9 1 1.4 -191.4
V open BPS 2024-02-16 2024-05-17 260 250 1.01 2 1.11 200.89 $100.89 34 54.15%
V close BPS 2024-03-21 2024-05-17 250 260 -0.5 2 -100
SPY open BPS 2024-02-20 2024-03-01 487 475 0.81 2 3.59 158.41 $158.41 10 240.92%
SPY expired BPS 2024-03-01 2024-03-01 475 487 0 2 0 0
PG open BPS 2024-02-20 2024-05-17 150 140 0.81 1 2.1 78.9 $37.50 36 38.02%
PG close BPS 2024-03-27 2024-05-17 140 150 -0.4 1 1.4 -41.4
AAPL open BPS 2024-02-22 2024-04-19 170 165 0.67 2 2.79 131.21 -$240.11 12 -730.33%
AAPL close BPS 2024-03-05 2024-04-19 165 170 -1.85 2 1.32 -371.32
SHOP open BPS 2024-02-27 2024-04-19 70 65 0.99 2 1.11 196.89 $95.50 22 158.44%
SHOP close BPS 2024-03-20 2024-04-19 65 70 -0.5 2 1.39 -101.39
SPY open BPS 2024-02-27 2024-03-08 495 484 0.57 2 2.79 111.21 $111.21 10 184.51%
SPY close BPS 2024-03-08 2024-03-08 484 495 0 2 0 0
GOOGL open BPS 2024-02-28 2024-04-19 130 125 0.84 2 1.11 166.89 $85.09 15 207.05%
GOOGL close BPS 2024-03-14 2024-04-19 125 130 -0.4 2 1.8 -81.8
SPY open BPS 2024-03-05 2024-03-15 500 488 0.93 2 2.79 183.21 $183.21 10 278.63%
SPY close BPS 2024-03-15 2024-03-15 488 500 0 2 0 0
EOG open BCS 2024-03-06 2024-04-19 123.5 128.5 0.98 2 0.41 195.59 -$117.81 6 -716.68%
EOG close BCS 2024-03-12 2024-04-19 128.5 123.5 -1.56 2 1.4 -313.4
BRKB open BPS 2024-03-11 2024-04-19 390 385 0.71 1 1.26 69.74 $34.74 7 362.29%
BRKB close BPS 2024-03-18 2024-04-19 385 390 -0.35 1 0 -35
SPY open BPS 2024-03-12 2024-03-22 500 487 0.56 2 1.8 110.2 $110.20 10 154.70%
SPY expired BPS 2024-03-22 2024-03-22 487 500 0 2 0 0
SPY open BPS 2024-03-18 2024-03-28 501 489 0.7 2 3.59 136.41 $136.41 10 207.46%
SPY expired BPS 2024-03-28 2024-03-28 489 501 0 2 0 0
MRVL open BPS 2024-03-22 2024-05-17 60 55 0.99 2 1.11 196.89 $101.50 5 740.95%
MRVL close BPS 2024-03-27 2024-05-17 55 60 -0.47 2 1.39 -95.39
TOTAL $1,141.54
Win % 87.50%
Avg. Win/Loss $71.35
Number of trades 16

All bullish trades, except for one, which ended up being a loss (EOG).

Notes and Thoughts #

Bullish market makes me feel like a genius. Everything I pick wins haha.

Is it because of my superior trading skills? Or, is it just that the market keeps going up and up and up.

Probably more of the latter.

Trying not to let it go to my head though. Stick to the trading rules, ignore the win % for now.

I'm curious if I can still make money in a bear market.

Next month, will be researching some new strategies, and contemplating upping position size on a few of the more profitable existing strategies (i.e. SPY, MSFT).