How I made $1753 in January 2025 trading options
A huge month for me.
Actually, it was my best month ever. My profits this month narrowly beat out January from last year (January 2024).
It seems like January is a good month for me.
A large chunk of the profits were due to my 1.5 year CSCO trade which netted me around $600.
If I don't include the CSCO trade, it was still a solid month.
Here are the closed trades for January 2025:
January 2025 Closed Trades #
Formatting is a bit of a mess, as I am slowly changing over a new spreadsheet format. 0DTE Trades are in the next section.
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | open | Short Put | 2023-08-21 | 2023-09-01 | 55 | 0 | 0.5 | 1 | 0.63 | 49.37 | $49.37 |
| CSCO | expired | Short Put | 2023-08-21 | 2023-09-01 | 0 | 55 | 0 | 1 | 0 | 0 | |
| CSCO | open | Short Put | 2023-09-05 | 2023-09-15 | 57 | 0 | 0.33 | 1 | 1.04 | 31.96 | -$5,614.07 |
| CSCO | close | Short Put | 2023-09-13 | 2023-09-15 | 0 | 57 | -0.64 | 1 | 0.7 | -64.7 | |
| CSCO | open | Short Put | 2023-09-13 | 2023-09-29 | 57 | 0 | 0.9 | 1 | 0.7 | 89.3 | |
| CSCO | assigned | Short Put | 2023-09-23 | n/a | - | 57 | 0 | 100 | 0 | -5700 | |
| CSCO | open | Covered Call | 2023-09-27 | 2023-11-17 | 57 | 0 | 0.3 | 1 | 0.63 | 29.37 | |
| CSCO | expired | Covered Call | 2023-11-17 | 2023-11-17 | 0 | 57 | 0 | 1 | 0 | 0 | |
| CSCO | open | Covered Call | 2024-10-17 | 2024-11-15 | 60 | 0 | 0.52 | 1 | 1.06 | 50.94 | $50.94 |
| CSCO | expired | Covered Call | 2025-01-24 | 2024-11-15 | 0 | 60 | 0 | 1 | 0 | 0 | |
| CSCO | open | Covered Call | 2024-11-25 | 2024-12-06 | 60 | 0 | 0.23 | 1 | 0.8 | 22.2 | $14.51 |
| CSCO | close | Covered Call | 2025-01-24 | 2024-12-06 | 0 | 60 | -0.07 | 1 | 0.69 | -7.69 | |
| QQQ | open | BCS | 2024-12-02 | 2024-01-10 | 519 | 520 | 0.52 | 1 | 1.41 | 50.59 | $23.49 |
| QQQ | close | BCS | 2025-01-02 | 2024-01-10 | 520 | 519 | -0.25 | 1 | 2.1 | -27.1 | |
| V | open | BPS | 2024-12-06 | 2024-03-21 | 280 | 270 | 0.95 | 1 | 2.31 | 92.69 | $46.27 |
| V | close | BPS | 2025-01-17 | 2024-03-21 | 270 | 280 | -0.45 | 1 | 1.42 | -46.42 | |
| CSCO | open | Covered Call | 2024-12-06 | 2024-12-13 | 60 | 0 | 0.49 | 1 | 0.7 | 48.3 | $48.30 |
| CSCO | expired | Covered Call | 2025-01-24 | 2024-12-13 | 0 | 60 | 0 | 1 | 0 | 0 | |
| PG | open | BPS | 2024-12-09 | 2024-03-21 | 155 | 145 | 0.76 | 1 | 1.39 | 74.61 | $41.50 |
| PG | close | BPS | 2025-01-27 | 2024-03-21 | 145 | 155 | -0.31 | 1 | 2.11 | -33.11 | |
| SPY | open | BPS | 2024-12-09 | 2024-01-24 | 580 | 575 | 0.46 | 1 | 2.1 | 43.9 | -$63.51 |
| SPY | close | BPS | 2025-01-08 | 2024-01-24 | 575 | 580 | -1.06 | 1 | 1.41 | -107.41 | |
| SCHD | open | Long | 2024-12-10 | - | 0 | 28.595 | -28.595 | 1 | 1 | -2860.5 | -$2,838.02 |
| SCHD | open | Dividend | - | 2024-12-11 | 0 | 0 | 0.2248 | 1 | 0 | 22.48 | |
| SCHD | open | Covered Call | 2024-12-11 | 2024-12-20 | 28 | 0 | 0.45 | 1 | 1.9 | 43.1 | $43.10 |
| SCHD | expired | Covered Call | 2024-12-20 | 2024-12-20 | 0 | 28 | 0 | 1 | 0 | 0 | |
| T | open | Short Put | 2024-12-16 | 2024-12-20 | 23 | 0 | 0.18 | 1 | 1.04 | 16.96 | -$2,283.04 |
| T | assigned | Short Put | 2024-12-20 | 2024-12-20 | 0 | 23 | -23 | 1 | 0 | -2300 | |
| SPY | open | BPS | 2024-12-17 | 2024-01-31 | 571 | 566 | 0.4 | 1 | 2.11 | 37.89 | $14.78 |
| SPY | close | BPS | 2025-01-17 | 2024-01-31 | 566 | 571 | -0.21 | 1 | 2.11 | -23.11 | |
| BITO | open | Long | 2024-12-19 | - | 0 | 25.695 | -25.695 | 1 | 1 | -2570.5 | -$2,459.19 |
| BITO | open | Dividend | 2025-01-26 | 2024-12-23 | 0 | 0 | 1.113101 | 1 | 0 | 111.3101 | |
| SPY | open | BCS | 2024-12-23 | 2024-01-31 | 598 | 599 | 0.52 | 1 | 3.06 | 48.94 | $28.84 |
| SPY | close | BCS | 2025-01-13 | 2024-01-31 | 599 | 598 | -0.18 | 1 | 2.1 | -20.1 | |
| SPY | open | BPS | 2024-12-23 | 2025-02-21 | 552 | 547 | 0.48 | 1 | 1.4 | 46.6 | $24.48 |
| SPY | close | BPS | 2025-01-17 | 2025-02-21 | 547 | 552 | -0.2 | 1 | 2.12 | -22.12 | |
| T | open | Covered Call | 2024-12-24 | 2024-01-03 | 23 | 0 | 0.2 | 1 | 0.8 | 19.2 | $19.20 |
| T | expired | Covered Call | 2025-01-03 | 2024-01-03 | 0 | 23 | 1 | 0 | 0 | ||
| BITO | open | Covered Call | 2024-12-24 | 2024-01-03 | 25.5 | 0 | 0.3 | 1 | 0.8 | 29.2 | $29.20 |
| BITO | expired | Covered Call | 2025-01-26 | 2024-01-03 | 0 | 25.5 | 1 | 0 | 0 | ||
| QQQ | open | BCS | 2024-12-24 | 2024-01-31 | 534 | 535 | 0.52 | 1 | 1.41 | 50.59 | $26.18 |
| QQQ | close | BCS | 2025-01-02 | 2024-01-31 | 535 | 534 | -0.23 | 1 | 1.41 | -24.41 | |
| CSCO | open | Covered Call | 2024-12-26 | 2024-01-03 | 60 | 0 | 0.37 | 1 | 1.05 | 35.95 | $31.96 |
| CSCO | close | Covered Call | 2025-01-24 | 2024-01-03 | 0 | 60 | -0.03 | 1 | 0.99 | -3.99 | |
| SPY | open | BCS | 2024-12-26 | 2024-02-07 | 608 | 609 | 0.53 | 1 | 2.11 | 50.89 | $29.49 |
| SPY | close | BCS | 2025-01-02 | 2024-02-07 | 609 | 608 | -0.2 | 1 | 1.4 | -21.4 | |
| SPY | open | BPS | 2024-12-30 | 2024-02-21 | 550 | 545 | 0.49 | 1 | 1.4 | 47.6 | $25.98 |
| SPY | close | BPS | 2025-01-17 | 2024-02-21 | 545 | 550 | -0.2 | 1 | 1.62 | -21.62 | |
| CSCO | open | Covered Call | 2025-01-02 | 2025-01-17 | 60 | 0 | 0.43 | 1 | 0.99 | 42.01 | -$16.05 |
| CSCO | close | Covered Call | 2025-01-24 | 2025-01-17 | 0 | 60 | -0.57 | 1 | 1.06 | -58.06 | |
| SPY | open | BPS | 2025-01-08 | 2025-02-28 | 555 | 550 | 0.52 | 1 | 1.41 | 50.59 | $28.07 |
| SPY | close | BPS | 2025-01-21 | 2025-02-28 | 550 | 555 | -0.2 | 1 | 2.52 | -22.52 | |
| BITO | open | Covered Call | 2025-01-08 | 2025-01-17 | 24.5 | 0 | 0.22 | 1 | 1.07 | 20.93 | -$62.78 |
| BITO | close | Covered Call | 2025-01-26 | 2025-01-17 | 0 | 24.5 | -0.83 | 1 | 0.71 | -83.71 | |
| CSCO | open | Covered Call | 2025-01-17 | 2025-01-24 | 60 | 0 | 0.82 | 1 | 1.06 | 80.94 | $6,080.94 |
| CSCO | assigned | Covered Call | 2025-01-24 | 2025-01-24 | 60 | 0 | 60 | 1 | 0 | 6000 | |
| BITO | open | Covered Call | 2025-01-17 | 2025-01-24 | 25 | 0 | 0.98 | 1 | 1.07 | 96.93 | $2,596.93 |
| BITO | assigned | Covered Call | 2025-01-24 | 2025-01-24 | 25 | 0 | 25 | 1 | 0 | 2500 | |
| T | open | Covered Call | 2025-01-21 | 2025-01-31 | 23 | 0 | 0.3 | 1 | 1.06 | 28.94 | $2,328.94 |
| T | assigned | Covered Call | 2025-01-31 | 2025-01-31 | 0 | 23 | 23 | 1 | 0 | 2300 | |
| SCHD | close | Long | 2025-01-31 | - | 28.025 | 0 | 28.025 | 1 | 1.1 | 2801.4 | $2,801.40 |
| SCHD | - | - | 2025-01-31 | - | 0 | 0 | 0 | 1 | 0 | 0 | |
| TOTAL | 1047.2101 | ||||||||||
| Total trades | 29 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | BPS | 2025-01-13 | 2025-02-28 | 542 | 537 | 0.54 | 1 | 1.41 | 52.59 | 2025-01-15 | -0.21 | 1 | 2.12 | 29.47 |
| COST | BPS | 2025-01-17 | 2025-04-17 | 845 | 835 | 1.24 | 1 | 2.14 | 121.86 | 2025-01-31 | -0.6 | 1 | 1.42 | 60.44 |
| TOTAL | 89.91 | |||||||||||||
| 0DTE January 2025 | Total trades = | 2 |
0DTE Trades #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPX | open | BCS | 2025-01-02 | 2025-01-02 | 5910 | 5970 | 0.95 | 1 | 3.19 | 91.81 | $55.26 |
| SPX | close | BCS | 2025-01-02 | 2025-01-02 | 5970 | 5910 | -0.35 | 1 | 1.55 | -36.55 | |
| SPX | open | BCS | 2025-01-02 | 2025-01-02 | 5890 | 5945 | 1 | 1 | 3.19 | 96.81 | $55.26 |
| SPX | close | BCS | 2025-01-02 | 2025-01-02 | 5945 | 5890 | -0.4 | 1 | 1.55 | -41.55 | |
| SPX | open | BPS | 2025-01-03 | 2025-01-03 | 5875 | 5815 | 0.85 | 1 | 3.19 | 81.81 | $48.71 |
| SPX | close | BPS | 2025-01-03 | 2025-01-03 | 5815 | 5875 | -0.3 | 1 | 3.1 | -33.1 | |
| SPX | open | BPS | 2025-01-06 | 2025-01-06 | 5985 | 5935 | 0.95 | 1 | 3.19 | 91.81 | -$106.58 |
| SPX | close | BPS | 2025-01-06 | 2025-01-06 | 5935 | 5985 | -1.95 | 1 | 3.39 | -198.39 | |
| SPX | open | BCS | 2025-01-06 | 2025-01-06 | 6060 | 6020 | 1.1 | 1 | 3.19 | 106.81 | $65.26 |
| SPX | close | BCS | 2025-01-06 | 2025-01-06 | 6020 | 6060 | -0.4 | 1 | 1.55 | -41.55 | |
| SPX | open | BCS | 2025-01-06 | 2025-01-06 | 6040 | 5995 | 0.85 | 1 | 3.1 | 81.9 | $50.35 |
| SPX | close | BCS | 2025-01-06 | 2025-01-06 | 5995 | 6040 | -0.3 | 1 | 1.55 | -31.55 | |
| SPX | open | BPS | 2025-01-07 | 2025-01-07 | 5910 | 5855 | 0.95 | 1 | 3.19 | 91.81 | -$106.58 |
| SPX | close | BPS | 2025-01-07 | 2025-01-07 | 5855 | 5910 | -1.95 | 1 | 3.39 | -198.39 | |
| SPX | open | BCS | 2025-01-07 | 2025-01-07 | 5955 | 5990 | 1.1 | 1 | 3.19 | 106.81 | $63.71 |
| SPX | close | BCS | 2025-01-07 | 2025-01-07 | 5990 | 5955 | -0.4 | 1 | 3.1 | -43.1 | |
| SPX | open | BCS | 2025-01-07 | 2025-01-07 | 5910 | 5935 | 1.1 | 1 | 3.19 | 106.81 | -$124.83 |
| SPX | close | BCS | 2025-01-07 | 2025-01-07 | 5935 | 5910 | -2.3 | 1 | 1.64 | -231.64 | |
| SPX | open | BCS | 2025-01-08 | 2025-01-08 | 5920 | 5940 | 0.9 | 1 | 3.1 | 86.9 | $86.90 |
| SPX | close | BCS | 2025-01-08 | 2025-01-08 | 5940 | 5920 | 0 | 1 | 0 | 0 | |
| TOTAL | $87.46 | ||||||||||
| 10 |
| 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 | BCS | 2025-01-13 | 2025-01-13 | 5830 | 5890 | 0.95 | 1 | 3.19 | 91.81 | 2025-01-13 | -2.05 | 1 | 1.64 | -114.83 |
| SPX | BPS | 2025-01-13 | 2025-01-13 | 5770 | 5720 | 0.9 | 1 | 3.19 | 86.81 | 2025-01-13 | -0.35 | 1 | 3.1 | 48.71 |
| SPX | BPS | 2025-01-13 | 2025-01-13 | 5800 | 5765 | 1.1 | 1 | 3.19 | 106.81 | 2025-01-13 | -0.4 | 1 | 1.55 | 65.26 |
| SPX | BPS | 2025-01-14 | 2025-01-14 | 5805 | 5765 | 0.9 | 1 | 3.19 | 86.81 | 2025-01-14 | -0.35 | 1 | 3.1 | 48.71 |
| SPX | BPS | 2025-01-14 | 2025-01-14 | 5825 | 5785 | 1.15 | 1 | 3.19 | 111.81 | 2025-01-14 | -0.45 | 1 | 3.1 | 63.71 |
| SPX | BCS | 2025-01-14 | 2025-01-14 | 5835 | 5860 | 0.95 | 1 | 3.19 | 91.81 | 2025-01-14 | -1.95 | 1 | 1.64 | -104.83 |
| SPX | BCS | 2025-01-16 | 2025-01-16 | 5975 | 6010 | 1.15 | 1 | 3.21 | 111.79 | 2025-01-16 | -0.45 | 1 | 1.56 | 65.23 |
| SPX | BCS | 2025-01-16 | 2025-01-16 | 5955 | 5980 | 1.15 | 1 | 3.21 | 111.79 | 2025-01-16 | -2.3 | 1 | 3.21 | -121.42 |
| SPX | BPS | 2025-01-17 | 2025-01-17 | 5955 | 5895 | 0.85 | 1 | 3.21 | 81.79 | 2025-01-17 | -0.3 | 1 | 3.12 | 48.67 |
| SPX | BCS | 2025-01-17 | 2025-01-17 | 6015 | 6040 | 0.85 | 1 | 3.12 | 81.88 | 2025-01-17 | -0.3 | 1 | 1.56 | 50.32 |
| SPX | BPS | 2025-01-21 | 2025-01-21 | 6030 | 5975 | 1.1 | 1 | 3.21 | 106.79 | 2025-01-21 | 0 | 1 | 0 | 106.79 |
| SPX | BPS | 2025-01-21 | 2025-01-21 | 6035 | 5990 | 1.15 | 1 | 3.21 | 111.79 | 2025-01-21 | -2.45 | 1 | 3.21 | -136.42 |
| SPX | BPS | 2025-01-22 | 2025-01-22 | 6030 | 5970 | 1 | 1 | 3.41 | 96.59 | 2025-01-22 | -0.4 | 1 | 3.12 | 53.47 |
| SPX | BCS | 2025-01-22 | 2025-01-22 | 6105 | 6145 | 1.1 | 1 | 3.21 | 106.79 | 2025-01-22 | -0.4 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-01-22 | 2025-01-22 | 6085 | 6035 | 0.9 | 1 | 3.21 | 86.79 | 2025-01-22 | -0.35 | 1 | 1.56 | 50.23 |
| SPX | BPS | 2025-01-23 | 2025-01-23 | 6055 | 5995 | 0.9 | 1 | 3.21 | 86.79 | 2025-01-23 | -0.35 | 1 | 3.12 | 48.67 |
| SPX | BPS | 2025-01-23 | 2025-01-23 | 6085 | 6060 | 1.15 | 1 | 3.21 | 111.79 | 2025-01-23 | -0.45 | 1 | 3.12 | 63.67 |
| SPX | BCS | 2025-01-23 | 2025-01-23 | 6105 | 6130 | 1.15 | 1 | 3.21 | 111.79 | 2025-01-23 | -0.45 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-01-24 | 2025-01-24 | 6080 | 6020 | 0.9 | 1 | 3.21 | 86.79 | 2025-01-24 | -0.35 | 1 | 3.12 | 48.67 |
| SPX | BPS | 2025-01-24 | 2025-01-24 | 6090 | 6035 | 0.95 | 1 | 3.21 | 91.79 | 2025-01-24 | -1.95 | 1 | 3.41 | -106.62 |
| SPX | BCS | 2025-01-24 | 2025-01-24 | 6105 | 6140 | 0.9 | 1 | 3.12 | 86.88 | 2025-01-24 | -0.35 | 1 | 1.56 | 50.32 |
| SPX | BPS | 2025-01-27 | 2025-01-27 | 5945 | 5885 | 1 | 1 | 3.21 | 96.79 | 2025-01-27 | -0.4 | 1 | 3.12 | 53.67 |
| SPX | BCS | 2025-01-27 | 2025-01-27 | 6020 | 6065 | 0.95 | 1 | 3.12 | 91.88 | 2025-01-27 | -0.35 | 1 | 3.12 | 53.76 |
| SPX | BPS | 2025-01-27 | 2025-01-27 | 5980 | 5935 | 1 | 1 | 3.41 | 96.59 | 2025-01-27 | -2.05 | 1 | 3.41 | -111.82 |
| SPX | BCS | 2025-01-29 | 2025-01-29 | 6110 | 6160 | 1.05 | 1 | 3.21 | 101.79 | 2025-01-29 | -0.4 | 1 | 3.12 | 58.67 |
| SPX | BCS | 2025-01-29 | 2025-01-29 | 6105 | 6160 | 1.05 | 1 | 3.21 | 101.79 | 2025-01-29 | -0.4 | 1 | 3.12 | 58.67 |
| SPX | BPS | 2025-01-29 | 2025-01-29 | 5985 | 5925 | 0.95 | 1 | 3.21 | 91.79 | 2025-01-29 | -0.35 | 1 | 3.12 | 53.67 |
| SPX | BCS | 2025-01-30 | 2025-01-30 | 6085 | 6140 | 0.85 | 1 | 3.12 | 81.88 | 2025-01-30 | -1.75 | 1 | 3.21 | -96.33 |
| SPX | BPS | 2025-01-30 | 2025-01-30 | 6020 | 5965 | 0.85 | 1 | 3.21 | 81.79 | 2025-01-30 | -0.3 | 1 | 3.12 | 48.67 |
| SPX | BPS | 2025-01-30 | 2025-01-30 | 6045 | 5990 | 0.85 | 1 | 3.12 | 81.88 | 2025-01-30 | -0.3 | 1 | 3.12 | 48.76 |
| SPX | BPS | 2025-01-31 | 2025-01-31 | 6035 | 5975 | 0.8 | 1 | 3.12 | 76.88 | 2025-01-31 | -0.3 | 1 | 3.12 | 43.76 |
| SPX | BPS | 2025-01-31 | 2025-01-31 | 6070 | 6015 | 0.9 | 1 | 3.21 | 86.79 | 2025-01-31 | -1.8 | 1 | 3.21 | -96.42 |
| SPX | BCS | 2025-01-31 | 2025-01-31 | 6075 | 6125 | 1 | 1 | 3.21 | 96.79 | 2025-01-31 | -0.4 | 1 | 1.56 | 55.23 |
| TOTAL | 529.06 | |||||||||||||
| Total trades = | 33 |
TOTALS #
- 0DTE Trades = $616.52
- Other Trades = $1137.12
TOTAL PROFIT/LOSS = $1753.64
Total number of trades = 74
Notes and Thoughts #
A very good month for me.
Everything seemed to work out somehow. I know things won't always be this smooth, but it feels good anyways.
I still need to do a strategy review over the last year to really see what strategies are performing. I have a general idea of what has been the most profitable is and not, but it will be good to see the hard numbers.
0DTE PCR #
0DTE trades have been very good for me recently. This month, I experimented with taking profits early at around 60%.
I made over $600 just from 0DTE, and my premium capture rate (PCR) was around 17%. I read somewhere that PCR is a good way to measure success for option selling strategies. Basically it shows what percentage of premium sold is retained after everything (i.e. if you sell a spread for $100, and buy back for $50, then your pcr is 50%)
I am not sure if 17% is good or bad. Should probably look up what benchmarks there are.
My PCR last month when letting positions go all the way to expiry (i.e. no early profit taking) was around 10%.
So, in this small sample size, it seems that taking profits at 60% outperforms 100%. One month of trades is not enough to be conclusive, but it's interesting to know anyways.
Next month, I am going to bump it up a little bit to 70% profit take and see what happens.