How I made $635 in November 2023 trading options
Another good month for me. 🎉
Not quite as good as last month, but still very good.
The market was pumping, and I had mainly bullish positions, so things worked out.
My only two losses were from bearish positions.
Here are my closed trades for the month:
November 2023 Closed Trades #
| Ticker | Action | Type | Trade Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fees | Total | Net Profit/Loss | Days | Annual Return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| V | open | BPS | 2023-09-12 | 2023-12-15 | 225 | 215 | 1.03 | 1 | 1.4 | 101.6 | $50.20 | 52 | 35.24% |
| V | close | BPS | 2023-11-03 | 2023-12-15 | 215 | 225 | -0.5 | 1 | 1.4 | -51.4 | |||
| MCD | open | BPS | 2023-09-19 | 2023-12-15 | 255 | 245 | 0.7 | 1 | 1.4 | 68.6 | $37.22 | 58 | 23.42% |
| MCD | close | BPS | 2023-11-16 | 2023-12-15 | 245 | 255 | -0.3 | 1 | 1.38 | -31.38 | |||
| MSFT | open | BPS | 2023-10-16 | 2023-01-19 | 285 | 270 | 1.48 | 1 | 2.08 | 145.92 | $126.46 | 14 | 219.80% |
| MSFT | buy | put | 2023-10-30 | 2023-01-19 | 0 | 285 | -2.83 | 1 | 1.04 | -284.04 | |||
| MSFT | sell | put | 2023-10-30 | 2023-01-19 | 295 | 0 | 3.92 | 1 | 1.04 | 390.96 | |||
| MSFT | close | BPS | 2023-11-02 | 2023-01-19 | 270 | 295 | -1.25 | 1 | 1.38 | -126.38 | |||
| V | open | BPS | 2023-10-20 | 2023-01-19 | 205 | 195 | 0.95 | 1 | 1.38 | 93.62 | $52.24 | 12 | 158.90% |
| V | close | BPS | 2023-11-01 | 2023-01-19 | 195 | 205 | -0.4 | 1 | 1.38 | -41.38 | |||
| MCD | open | BPS | 2023-10-20 | 2023-01-19 | 230 | 220 | 0.84 | 1 | 1.38 | 82.62 | $41.24 | 12 | 125.44% |
| MCD | close | BPS | 2023-11-01 | 2023-01-19 | 220 | 230 | -0.4 | 1 | 1.38 | -41.38 | |||
| PG | open | BPS | 2023-10-20 | 2023-01-19 | 135 | 120 | 1 | 1 | 1.38 | 98.62 | $52.24 | 14 | 90.80% |
| PG | close | BPS | 2023-11-03 | 2023-01-19 | 120 | 135 | -0.45 | 1 | 1.38 | -46.38 | |||
| SPY | open | BPS | 2023-10-25 | 2023-11-03 | 410 | 398 | 0.95 | 1 | 1.38 | 93.62 | $93.62 | 9 | 316.40% |
| SPY | expired | BPS | 2023-11-03 | 2023-11-03 | 398 | 410 | 0 | 1 | 0 | 0 | |||
| AMAT | open | BPS | 2023-10-25 | 2023-12-15 | 120 | 115 | 0.86 | 1 | 1.38 | 84.62 | $43.24 | 9 | 350.72% |
| AMAT | close | BPS | 2023-11-03 | 2023-12-15 | 115 | 120 | -0.4 | 1 | 1.38 | -41.38 | |||
| NVDA | open | BPS | 2023-10-25 | 2023-12-15 | 360 | 355 | 0.8 | 2 | 1.38 | 158.62 | $77.22 | 12 | 234.88% |
| NVDA | close | BPS | 2023-11-06 | 2023-12-15 | 355 | 360 | -0.4 | 2 | 1.4 | -81.4 | |||
| SPY | open | BPS | 2023-10-30 | 2023-11-10 | 400 | 388 | 0.88 | 1 | 2.48 | 85.52 | $85.52 | 11 | 236.48% |
| SPY | expired | BPS | 2023-11-10 | 2023-11-10 | 388 | 400 | 1 | 0 | |||||
| CCI | open | BCS | 2023-11-02 | 2023-11-10 | 97.5 | 100 | 0.6 | 2 | 0.4 | 119.6 | -$190.48 | 1 | -13905.04% |
| CCI | close | BCS | 2023-11-03 | 2023-11-10 | 100 | 97.5 | -1.54 | 2 | 2.08 | -310.08 | |||
| MSFT | open | BPS | 2023-11-07 | 2023-02-16 | 310 | 295 | 1.36 | 1 | 1.24 | 134.76 | $68.38 | 15 | 110.93% |
| MSFT | close | BPS | 2023-11-22 | 2023-02-16 | 295 | 310 | -0.65 | 1 | 1.38 | -66.38 | |||
| MRVL | open | BCS | 2023-11-07 | 2023-12-15 | 57.5 | 62.5 | 0.72 | 2 | 2.73 | 141.27 | -$104.80 | 2 | -1912.60% |
| MRVL | close | BCS | 2023-11-09 | 2023-12-15 | 62.5 | 57.5 | -1.22 | 2 | 2.07 | -246.07 | |||
| SPY | open | BPS | 2023-11-07 | 2023-11-17 | 424 | 414 | 0.55 | 1 | 2.08 | 52.92 | $52.92 | 10 | 193.16% |
| SPY | expired | BPS | 2023-11-17 | 2023-11-17 | 414 | 424 | 0 | 1 | 0 | 0 | |||
| CNQ | open | BPS | 2023-11-10 | 2023-12-15 | 60 | 55 | 0.7 | 2 | 0.24 | 139.76 | $69.52 | 4 | 634.37% |
| CNQ | close | BPS | 2023-11-14 | 2023-12-15 | 55 | 60 | -0.35 | 2 | 0.24 | -70.24 | |||
| SHEL | open | BPS | 2023-11-13 | 2023-01-19 | 62.5 | 57.5 | 0.75 | 1 | 0.58 | 74.42 | $38.84 | 7 | 405.05% |
| SHEL | close | BPS | 2023-11-20 | 2023-01-19 | 57.5 | 62.5 | -0.35 | 1 | 0.58 | -35.58 | |||
| SPY | open | BPS | 2023-11-14 | 2023-11-24 | 439 | 429 | 0.44 | 1 | 2.08 | 41.92 | $41.92 | 10 | 153.01% |
| SPY | expired | BPS | 2023-11-24 | 2023-11-24 | 429 | 439 | 0 | 1 | 0 | 0 | |||
| TOTAL | $635.50 | ||||||||||||
| Win % | 88.24% | ||||||||||||
| Avg. Win/Loss | $37.38 | ||||||||||||
| Number of trades | 17 |
Notes and Thoughts #
Nice profit this month. The market has been super bullish, so if you were in bull positions, you feel like a genius. 🤓
Only had two bear trades, and both lost. If I didn't make those trades, I would've earned close to $1000 this month.
I managed to cut my losses on them according to my rules though, so I am quite happy about that.
MSFT #
MSFT continues to be my best performing strategy. How long can the bull trend continue? Who knows, but I'm going to keep going with it until it doesn't work anymore.
I raised my risk on it from $5k to $6k at the beginning of the month. I think I will continue at $6k for one more month, and see what happens.
Letting things run #
I've been thinking about how/when I should let winning positions run more. Currently, most of my positions are set to automatically close at 50% profit.
When the market is super bullish though, it would make sense to let things run a bit more. I've experimented a little bit, but not really sure the best way to go about deciding.
Stop losses don't really work well with options because of volatility will get you stopped out too often.
Perhaps, I can use some technical chart indicator. Hmmmmmm. Will try do some more experimenting this month.