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
).