How I made $755 in October 2023 trading options
My best month ever. 🎉
Got a bit lucky with MSFT popping up after good earnings, then the overall market also popping at the end of the month.
Helped me close a bunch of positions for profits at the same time:
October 2023 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 | 2023-08-01 | 2023-11-17 | 290 | 275 | 1.69 | 1 | 1.41 | 167.59 | $85.51 | 71 | 29.31% |
| MSFT | close | BPS | 2023-10-11 | 2023-11-17 | 275 | 290 | -0.8 | 1 | 2.08 | -82.08 | |||
| MSFT | open | BPS | 2023-09-05 | 2023-12-15 | 290 | 280 | 1.15 | 1 | 2.11 | 112.89 | $66.65 | 50 | 48.65% |
| MSFT | close | BPS | 2023-10-25 | 2023-12-15 | 280 | 290 | -0.45 | 1 | 1.24 | -46.24 | |||
| MSFT | open | BPS | 2023-09-11 | 2023-12-15 | 295 | 285 | 1.15 | 1 | 1.41 | 113.59 | $56.35 | 44 | 46.74% |
| MSFT | close | BPS | 2023-10-25 | 2023-12-15 | 285 | 295 | -0.56 | 1 | 1.24 | -57.24 | |||
| AAPL | open | BPS | 2023-09-19 | 2023-11-17 | 165 | 160 | 0.69 | 2 | 1.41 | 136.59 | -$152.18 | 41 | -135.48% |
| AAPL | close | BPS | 2023-10-30 | 2023-11-17 | 160 | 165 | -1.43 | 2 | 2.77 | -288.77 | |||
| MSFT | open | BPS | 2023-09-19 | 2023-12-15 | 290 | 260 | 2.79 | 1 | 2.11 | 276.89 | $188.81 | 36 | 63.81% |
| MSFT | close | BPS | 2023-10-25 | 2023-12-15 | 260 | 290 | -0.86 | 1 | 2.08 | -88.08 | |||
| SPY | open | BPS | 2023-09-26 | 2023-10-06 | 419 | 409 | 1.01 | 1 | 3.08 | 97.92 | $97.92 | 10 | 357.41% |
| SPY | expired | BPS | 2023-10-06 | 2023-10-06 | 409 | 419 | 0 | 1 | 0 | 0 | |||
| CRM | open | BPS | 2023-09-26 | 2023-11-17 | 190 | 185 | 0.82 | 2 | 1.41 | 162.59 | $78.70 | 21 | 136.79% |
| CRM | close | BPS | 2023-10-17 | 2023-11-17 | 185 | 190 | -0.41 | 2 | 1.89 | -83.89 | |||
| TXN | open | BPS | 2023-09-28 | 2023-11-17 | 150 | 145 | 0.96 | 2 | 2.82 | 189.18 | -$79.58 | 13 | -223.44% |
| TXN | close | BPS | 2023-10-11 | 2023-11-17 | 145 | 150 | -1.33 | 2 | 2.76 | -268.76 | |||
| SPY | open | BPS | 2023-10-03 | 2023-10-13 | 411 | 400 | 0.75 | 1 | 3.06 | 71.94 | $71.94 | 10 | 238.71% |
| SPY | expired | BPS | 2023-10-13 | 2023-10-13 | 400 | 411 | 0 | 1 | 0 | 0 | |||
| QQQ | open | BPS | 2023-10-04 | 2023-10-13 | 342 | 331 | 0.82 | 1 | 3.06 | 78.94 | $66.46 | 5 | 441.05% |
| QQQ | close | BPS | 2023-10-09 | 2023-10-13 | 331 | 342 | -0.1 | 1 | 2.48 | -12.48 | |||
| IWM | open | BPS | 2023-10-05 | 2023-11-17 | 160 | 157 | 0.39 | 4 | 5.55 | 150.45 | $68.93 | 5 | 419.32% |
| IWM | close | BPS | 2023-10-10 | 2023-11-17 | 157 | 160 | -0.19 | 4 | 5.52 | -81.52 | |||
| SBUX | open | BPS | 2023-10-06 | 2023-11-17 | 85 | 80 | 0.68 | 2 | 1.37 | 134.63 | -$12.13 | 7 | -63.25% |
| SBUX | close | BPS | 2023-10-13 | 2023-11-17 | 80 | 85 | -0.72 | 2 | 2.76 | -146.76 | |||
| MPC | open | BPS | 2023-10-06 | 2023-11-17 | 130 | 125 | 0.85 | 2 | 1.37 | 168.63 | $82.53 | 5 | 602.47% |
| MPC | close | BPS | 2023-10-11 | 2023-11-17 | 125 | 130 | -0.42 | 2 | 2.1 | -86.1 | |||
| SPY | open | BPS | 2023-10-10 | 2023-10-20 | 421 | 409 | 0.57 | 1 | 2.48 | 54.52 | $43.15 | 10 | 131.25% |
| SPY | close | BPS | 2023-10-20 | 2023-10-20 | 409 | 421 | -0.1 | 1 | 1.37 | -11.37 | |||
| ORCL | open | BCS | 2023-10-13 | 2023-11-17 | 115 | 120 | 0.8 | 2 | 1.37 | 158.63 | $116.57 | 7 | 607.83% |
| ORCL | close | BCS | 2023-10-20 | 2023-11-17 | 120 | 115 | -0.2 | 2 | 2.06 | -42.06 | |||
| DIS | open | BCS | 2023-10-16 | 2023-11-17 | 90 | 95 | 0.85 | 2 | 1.37 | 168.63 | $87.23 | 7 | 454.84% |
| DIS | close | BCS | 2023-10-23 | 2023-11-17 | 95 | 90 | -0.4 | 2 | 1.4 | -81.4 | |||
| TGT | open | BCS | 2023-10-17 | 2023-11-17 | 120 | 130 | 1.48 | 1 | 1.38 | 146.62 | $67.54 | 13 | 189.63% |
| TGT | close | BCS | 2023-10-30 | 2023-11-17 | 130 | 120 | -0.77 | 1 | 2.08 | -79.08 | |||
| SPY | open | BPS | 2023-10-17 | 2023-10-27 | 423 | 411 | 0.71 | 1 | 2.52 | 68.48 | -$178.60 | 3 | -1810.81% |
| SPY | close | BPS | 2023-10-20 | 2023-10-27 | 411 | 423 | -2.46 | 1 | 1.08 | -247.08 | |||
| TOTAL | $755.80 | ||||||||||||
| Win % | 70.00% | ||||||||||||
| Avg. Win/Loss | $41.99 | ||||||||||||
| Number of trades | 18 |
Notes and Thoughts #
Taking my losses #
Although I had record profits this month, I'm more proud that I was able to cut losses quickly. I managed to stick to my rules (more or less), and minimized the damage on some of the trades.
Sometimes it does backfires though, like when AAPL popped right after I closed it for a loss.
MSFT #
More than half of the profits came from MSFT trades.
So far, the MSFT strategy has been performing well.
May start increasing allocation amount slowly. Currenty I have set aside $5k for this strategy. I did go over at some point when I mistakenly about $6.5k of risk at once. Maybe will set the allocation to about $6k next month.