How I made $1604 in January 2024 trading options
Best month ever!
Also, first time reaching the $1000 profit mark for a month. Woohoo!
The market has been going up and up and up, so all my fixed weekly/monthly bullish trades are bringing in the dough.
Mainly, MSFT and SPY.
Here are my closed trades for January 2024:
January 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 | 2023-11-17 | 2023-02-16 | 330 | 300 | 2.56 | 1 | 2.09 | 253.91 | $131.81 | 52 | 30.84% |
| MSFT | close | BPS | 2024-01-08 | 2023-02-16 | 300 | 330 | -1.2 | 1 | 2.1 | -122.1 | |||
| MSFT | open | BPS | 2023-11-28 | 2023-03-15 | 335 | 320 | 1.58 | 1 | 2.09 | 155.91 | $79.51 | 44 | 43.97% |
| MSFT | close | BPS | 2024-01-11 | 2023-03-15 | 320 | 335 | -0.75 | 1 | 1.4 | -76.4 | |||
| MCD | open | BPS | 2023-12-14 | 2023-03-15 | 270 | 260 | 0.83 | 1 | 2.08 | 80.92 | $46.66 | 41 | 41.54% |
| MCD | close | BPS | 2024-01-24 | 2023-03-15 | 260 | 270 | -0.33 | 1 | 1.26 | -34.26 | |||
| V | open | BPS | 2023-12-15 | 2023-03-15 | 235 | 225 | 0.92 | 2 | 1.09 | 182.91 | $105.52 | 32 | 60.18% |
| V | close | BPS | 2024-01-16 | 2023-03-15 | 225 | 235 | -0.38 | 2 | 1.39 | -77.39 | |||
| MCD | open | BPS | 2023-12-18 | 2023-03-15 | 265 | 255 | 0.7 | 1 | 2.08 | 67.92 | $41.52 | 35 | 43.30% |
| MCD | close | BPS | 2024-01-22 | 2023-03-15 | 255 | 265 | -0.25 | 1 | 1.4 | -26.4 | |||
| SPY | open | BPS | 2023-12-27 | 2023-01-05 | 467 | 458 | 0.49 | 2 | 3.56 | 94.44 | $89.36 | 9 | 201.34% |
| SPY | close | BPS | 2024-01-05 | 2023-01-05 | 458 | 467 | -0.02 | 2 | 1.08 | -5.08 | |||
| UNH | open | BPS | 2023-12-27 | 2023-02-16 | 490 | 480 | 1.5 | 1 | 1.25 | 148.75 | $72.35 | 6 | 440.13% |
| UNH | close | BPS | 2024-01-02 | 2023-02-16 | 480 | 490 | -0.75 | 1 | 1.4 | -76.4 | |||
| DIS | open | BPS | 2023-12-27 | 2023-02-16 | 85 | 80 | 0.88 | 2 | 1.37 | 174.63 | $85.84 | 26 | 120.51% |
| DIS | close | BPS | 2024-01-22 | 2023-02-16 | 80 | 85 | -0.43 | 2 | 2.79 | -88.79 | |||
| AAPL | open | BPS | 2023-12-29 | 2023-02-16 | 185 | 180 | 0.87 | 2 | 2.77 | 171.23 | -$190.16 | 5 | -1388.17% |
| AAPL | close | BPS | 2024-01-03 | 2023-02-16 | 180 | 185 | -1.8 | 2 | 1.39 | -361.39 | |||
| SPY | open | BPS | 2024-01-02 | 2024-01-12 | 464 | 456 | 0.51 | 2 | 3.6 | 98.4 | $98.40 | 10 | 224.48% |
| SPY | expired | BPS | 2024-01-12 | 2024-01-12 | 456 | 464 | 0 | 2 | 0 | 0 | |||
| MSFT | open | BPS | 2024-01-02 | 2024-03-15 | 330 | 320 | 1.13 | 1 | 2.1 | 110.9 | $59.50 | 9 | 241.31% |
| MSFT | close | BPS | 2024-01-11 | 2024-03-15 | 320 | 330 | -0.5 | 1 | 1.4 | -51.4 | |||
| PANW | open | BPS | 2024-01-03 | 2023-02-16 | 270 | 260 | 2.14 | 1 | 2.1 | 211.9 | $110.64 | 7 | 576.91% |
| PANW | close | BPS | 2024-01-10 | 2023-02-16 | 260 | 270 | -1 | 1 | 1.26 | -101.26 | |||
| CRM | open | BPS | 2024-01-05 | 2023-02-16 | 240 | 230 | 1.7 | 1 | 1.4 | 168.6 | $87.20 | 3 | 1060.93% |
| CRM | close | BPS | 2024-01-08 | 2023-02-16 | 230 | 240 | -0.8 | 1 | 1.4 | -81.4 | |||
| SPY | open | BPS | 2024-01-09 | 2024-01-19 | 465 | 456 | 0.79 | 2 | 1.79 | 156.21 | $156.21 | 10 | 316.76% |
| SPY | expired | BPS | 2024-01-19 | 2024-01-19 | 456 | 465 | 0 | 2 | 0 | 0 | |||
| AMZN | open | BPS | 2024-01-09 | 2024-02-16 | 135 | 130 | 0.71 | 2 | 2.8 | 139.2 | $66.41 | 2 | 1211.98% |
| AMZN | close | BPS | 2024-01-11 | 2024-02-16 | 130 | 135 | -0.35 | 2 | 2.79 | -72.79 | |||
| MSFT | open | BPS | 2024-01-09 | 2024-04-19 | 330 | 320 | 1.2 | 1 | 1.26 | 118.74 | $62.34 | 10 | 227.54% |
| MSFT | close | BPS | 2024-01-19 | 2024-04-19 | 320 | 330 | -0.55 | 1 | 1.4 | -56.4 | |||
| AMAT | open | BPS | 2024-01-10 | 2024-02-16 | 140 | 135 | 0.88 | 1 | 1.4 | 86.6 | $45.34 | 8 | 413.73% |
| AMAT | close | BPS | 2024-01-18 | 2024-02-16 | 135 | 140 | -0.4 | 1 | 1.26 | -41.26 | |||
| SPY | open | BPS | 2024-01-16 | 2024-01-26 | 466 | 456 | 0.72 | 2 | 4.75 | 139.25 | $139.25 | 10 | 254.13% |
| SPY | expired | BPS | 2024-01-26 | 2024-01-26 | 456 | 466 | 0 | 2 | 0 | 0 | |||
| MSFT | open | BPS | 2024-01-16 | 2024-04-19 | 345 | 335 | 1.12 | 1 | 2.1 | 109.9 | $108.38 | 15 | 131.86% |
| MSFT | close | BPS | 2024-01-23 | 2024-04-19 | - | 345 | -3.04 | 1 | 0.63 | -304.63 | |||
| MSFT | open | BPS | 2024-01-23 | 2024-04-19 | 355 | - | 4.05 | 1 | 0.63 | 404.37 | |||
| MSFT | close | BPS | 2024-01-31 | 2024-04-19 | 335 | 355 | -1 | 1 | 1.26 | -101.26 | |||
| V | open | BPS | 2024-01-19 | 2024-04-19 | 245 | 235 | 0.88 | 1 | 2.1 | 85.9 | $39.50 | 10 | 144.18% |
| V | close | BPS | 2024-01-29 | 2024-04-19 | 235 | 245 | -0.45 | 1 | 1.4 | -46.4 | |||
| PG | open | BPS | 2024-01-19 | 2024-04-19 | 135 | 120 | 0.9 | 1 | 1.4 | 88.6 | $52.20 | 4 | 317.55% |
| PG | close | BPS | 2024-01-23 | 2024-04-19 | 120 | 135 | -0.35 | 1 | 1.4 | -36.4 | |||
| MSFT | open | BPS | 2024-01-19 | 2024-04-19 | 350 | 315 | 2.74 | 1 | 2.1 | 271.9 | $157.80 | 12 | 137.14% |
| MSFT | close | BPS | 2024-01-31 | 2024-04-19 | 315 | 350 | -1.12 | 1 | 2.1 | -114.1 | |||
| TOTAL | $1,645.58 | ||||||||||||
| Win % | 95.45% | ||||||||||||
| Avg. Win/Loss | $74.80 | ||||||||||||
| Number of trades | 22 |
The only loss I had was on AAPL. If I held on longer, it actually would've eventually turned into a winner.
But, I'm happy I took the loss on it, since it means I'm staying disciplined, and sticking to my trading rules.
If I held on, it would mean I was just hoping and praying for it to turn around in my favour. Since it did actually turn around, it would've psychologically reinforced my actions so that next time I have a loser, I would've also held on again hoping and praying. Building bad habits.
Notes and Thoughts #
I made $1600+, and about $1000 of it was from two strategies -- MSFT and SPY.
Both of these strategies are basically set-it-and-forget-it. Just buy every week/month, and leave it.
The market has been super bullish recently, so it has worked out in my favour.
What will happen if the market turns bearish? Or MSFT has bad earnings?
I guess I'll just keep going with it until it doesn't work anymore.
Overall, I have been pretty disciplined. Not entering positions because I'm bored, and itching to do something.
I suppose making profits helps you stay relaxed. If I was losing money, I might be chasing more trades.
Back to Zero #
I have broken even again on my overall options trading. I had some big losses last year, which put me in the hole quite a bit.
After this month, I'm now up about $25 overall since I first started trading about 10 months ago. 😂
Fresh start. Let's keep it going next month.