Slow and steady - Week in review (Jun 24 - Jun 28)
Another slow week, just trying to get back on track.
Not going for any home runs, but hitting singles instead.
Here are the new trades this past week:
Opened #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-06-25 | 2024-07-05 | 534 | 524 | 0.71 | 2 | 2.8 | 139.2 |
| MSFT | open | BPS | 2024-06-25 | 2024-09-20 | 405 | 395 | 1.41 | 1 | 1.41 | 139.59 |
| PG | open | BPS | 2024-06-25 | 2024-09-20 | 155 | 145 | 0.55 | 1 | 1.4 | 53.6 |
| TXN | open | BPS | 2024-06-27 | 2024-08-16 | 180 | 175 | 0.96 | 2 | 1.12 | 190.88 |
| SPY | open | BCS | 2024-06-17 | 2024-07-26 | 550 | 551 | 0.48 | 1 | 3.09 | 44.91 |
| SPY | open | BCS | 2024-06-17 | 2024-08-02 | 550 | 551 | 0.510000000000001 | 1 | 2.12 | 48.8800000000001 |
Fixed weekly/monthly trades on SPY, MSFT and PG.
Couple bearish hedge trades on SPY, as I feel like the market will have a small correction soon, or at least go flat for a little while.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MSFT | open | BPS | 2024-05-28 | 2024-09-20 | 380 | 370 | 1.16 | 1 | 1.41 | 114.59 | $63.19 |
| MSFT | close | BPS | 2024-06-24 | 2024-09-20 | 370 | 380 | -0.5 | 1 | 1.4 | -51.4 | |
| XSP | open | BCS | 2024-06-07 | 2024-06-28 | 536 | 537 | 0.58 | 1 | 1.84 | 56.16 | -$43.84 |
| XSP | assigned/exercised | BCS | 2024-06-28 | 2024-06-28 | 537 | 536 | 1 | 0 | -100 | ||
| SPY | open | BPS | 2024-06-18 | 2024-06-28 | 535 | 525 | 0.52 | 3 | 7.13 | 148.87 | $148.87 |
| SPY | close | BPS | 2024-06-28 | 2024-06-28 | 525 | 535 | 0 | 3 | 0 | 0 | |
| SPY | open | BPS | 2024-06-25 | 2024-07-05 | 534 | 524 | 0.71 | 2 | 2.8 | 139.2 | $104.70 |
| SPY | close | BPS | 2024-06-28 | 2024-07-05 | 524 | 534 | -0.16 | 2 | 2.5 | -34.5 |
- Closed Net Profits/Loss: $272.92
One loss on an Option Alpha trade idea, and few small wins.
Closed my weekly SPY trade early, as it had reached around 75% of its max profit in a few days. Didn't feel like risking another week just to make 25%.
Should I have? I don't know. Maybe.
Notes and Lessons #
Another profitable week. Actually made $1 more than last week, which is mildly interesting?
Been pretty busy recently with travel and jet lag and stuff, so was not too active looking for trades. Still managed to get a few in.
I think I'm pretty balanced right now between bullish/bearish trades, though still a bit bias on the bullish side.