How I made $856 in February 2024 trading options
Another good month.
Not quite as good as last month; and, didn't hit the $1k mark, but still pretty good.
Market continues to be very bullish, so more than half of the profits came from weekly SPY trades.
Here are the closed trades for February 2024:
February 2024 Closed Trades #
| Ticker | Action | Type | Trade Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fees | Total | Net Profit/Loss | Days | Annual Return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-01-23 | 2024-02-02 | 473 | 463 | 0.61 | 1 | 2.1 | 58.9 | $58.90 | 10 | 214.99% |
| SPY | expired | BPS | 2024-02-02 | 2024-02-02 | 463 | 473 | 0 | 1 | 0 | 0 | |||
| PG | open | BPS | 2024-01-24 | 2024-02-02 | 145 | 135 | 0.8 | 1 | 1.26 | 78.74 | $38.64 | 23 | 61.32% |
| PG | close | BPS | 2024-02-16 | 2024-02-02 | 135 | 145 | -0.38 | 1 | 2.1 | -40.1 | |||
| SPY | open | BPS | 2024-01-30 | 2024-02-09 | 480 | 470 | 0.58 | 2 | 2.79 | 113.21 | $113.21 | 10 | 206.61% |
| SPY | expired | BPS | 2024-02-09 | 2024-02-09 | 470 | 480 | 0 | 2 | 0 | 0 | |||
| GOOGL | open | BPS | 2024-02-05 | 2024-03-15 | 135 | 130 | 0.65 | 2 | 3.74 | 126.26 | $63.47 | 4 | 579.16% |
| GOOGL | close | BPS | 2024-02-09 | 2024-03-15 | 130 | 135 | -0.3 | 2 | 2.79 | -62.79 | |||
| SPY | open | BPS | 2024-02-06 | 2024-02-16 | 482 | 471 | 0.59 | 2 | 2.2 | 115.8 | $115.80 | 10 | 192.12% |
| SPY | expired | BPS | 2024-02-16 | 2024-02-16 | 471 | 482 | 0 | 2 | 0 | 0 | |||
| PDD | open | BPS | 2024-02-08 | 2024-03-15 | 115 | 110 | 0.82 | 2 | 1.39 | 162.61 | $81.22 | 7 | 423.50% |
| PDD | close | BPS | 2024-02-15 | 2024-03-15 | 110 | 115 | -0.4 | 2 | 1.39 | -81.39 | |||
| SPY | open | BPS | 2024-02-13 | 2024-02-23 | 490 | 480 | 1.42 | 2 | 3.12 | 280.88 | $174.09 | 2 | 1588.57% |
| SPY | close | BPS | 2024-02-15 | 2024-02-23 | 480 | 490 | -0.52 | 2 | 2.79 | -106.79 | |||
| WFC | open | BPS | 2024-02-13 | 2024-04-19 | 45 | 42.5 | 0.35 | 4 | 2.23 | 137.77 | $66.98 | 3 | 814.92% |
| WFC | close | BPS | 2024-02-16 | 2024-04-19 | 42.5 | 45 | -0.17 | 4 | 2.79 | -70.79 | |||
| SPY | open | BPS | 2024-02-16 | 2024-02-23 | 493 | 484 | 0.39 | 1 | 3.08 | 35.92 | $35.92 | 7 | 208.11% |
| SPY | expired | BPS | 2024-02-23 | 2024-02-23 | 484 | 493 | 0 | 1 | 0 | 0 | |||
| PG | open | BPS | 2024-02-20 | 2024-05-17 | 150 | 140 | 0.83 | 1 | 2.1 | 80.9 | -$7.20 | 1 | -262.80% |
| PG | close | BPS | 2024-02-20 | 2024-05-17 | 140 | 150 | -0.86 | 1 | 2.1 | -88.1 | |||
| MU | open | BPS | 2024-02-21 | 2024-04-19 | 72.5 | 67.5 | 0.88 | 2 | 1.39 | 174.61 | $110.51 | 5 | 806.72% |
| MU | close | BPS | 2024-02-26 | 2024-04-19 | 67.5 | 72.5 | -0.31 | 2 | 2.1 | -64.1 | |||
| ENPH | open | BCS | 2024-02-21 | 2024-04-19 | 155 | 160 | 0.7 | 2 | 1.39 | 138.61 | $5.13 | 8 | 23.41% |
| ENPH | close | BCS | 2024-02-29 | 2024-04-19 | 160 | 155 | -0.66 | 2 | 1.48 | -133.48 | |||
| TOTAL | $856.67 | ||||||||||||
| Win % | 91.67% | ||||||||||||
| Avg. Win/Loss | $71.39 | ||||||||||||
| Number of trades | 12 |
Had one tiny loss on PG, which was actually just from typing in my order wrong 😅
Only 12 closed trades compared to 22 last month. This was mainly because most of positions closed last month, so none carried over to this month.
Notes and Thoughts #
Made just over $850. About $500 of it was simply from weekly SPY trades.
Thinking about whether I should scale up the volume again. I started with just 1 spread each week. Now, I'm doing 2 each week.
Should I go to 3? Do it while the market is still bullish? Or, wait a bit longer to build up some capital? Hmmm.
Maybe I'll try 3 next week. We'll see how the market looks.