Small profit again - Week in review (Mar 11 - Mar 15)
Small profit this week.
Market opened super strong to start the week, then really poor to end it. Starting to get a bit choppy these last couple weeks.
Maybe we're seeing the end of this uptrend? Or, maybe not?
Only opened a couple new positions this week:
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| BRKB | open | BPS | 2024-03-11 | 2024-04-19 | 390 | 385 | 0.71 | 1 | 1.26 | 69.74 |
| SPY | open | BPS | 2024-03-12 | 2024-03-22 | 500 | 487 | 0.56 | 2 | 1.8 | 110.2 |
Nothing very interesting. Weekly SPY trade, and position on BRK B, which I only opened 1 spread on by accident again (instead of 2).
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GOOGL | open | BPS | 2024-02-28 | 2024-04-19 | 130 | 125 | 0.84 | 2 | 1.11 | 166.89 | $85.09 |
| GOOGL | close | BPS | 2024-03-14 | 2024-04-19 | 125 | 130 | -0.4 | 2 | 1.8 | -81.8 | |
| SPY | open | BPS | 2024-03-05 | 2024-03-15 | 500 | 488 | 0.93 | 2 | 2.79 | 183.21 | $183.21 |
| SPY | close | BPS | 2024-03-15 | 2024-03-15 | 488 | 500 | 0 | 2 | 0 | 0 | |
| EOG | open | BCS | 2024-03-06 | 2024-04-19 | 123.5 | 128.5 | 0.98 | 2 | 0.41 | 195.59 | -$117.81 |
| EOG | close | BCS | 2024-03-12 | 2024-04-19 | 128.5 | 123.5 | -1.56 | 2 | 1.4 | -313.4 |
- Closed Net Profits/Loss: $150.49
Took my loss on EOG bearish position. It broke out of it's downtrend pretty explosively, so good thing I took my loss when I did.
Big profit on weekly SPY trade, which paid a much higher premium that usual.
My CSCO naked put from a couple weeks ago also expired out of the money, but I'm not going to count it as a close trade. I'm going to consider part of the open position I still have on CSCO.
Notes and Lessons #
This month has not been super profitable for me so far. Have taken two losses the past couple weeks, after not taking a loss for like two months.
Market is technically still in an uptrend, but has been a bit choppy recently. Maybe it will start going into a range, or start heading down.
Who knows? I certainly don't.
I think I will still look for more bullish trades. I haven't "won" a bearish trade for a long time.
Let's see if I can finish the second half of the month off strong.