Small profits - Weekly summary (Sep 2 - Sep 6)
Another busy week experimenting with 0DTE orders.
Market tanked at the end of the week, but I managed to escape with relatively minor losses.
My smaller positions sizes helped. Sitting on some potentially giant losses with MSFT though, so we'll see how that goes...
Here are the trades of last week:
Opened: #
Got carried away again with 0DTE trades. The short time frame makes them kind of addicting... like instant gratification.
Made a few other random trades. ALB worked in my favor, but others not so much yet.
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BPS | 2024-09-03 | 2024-09-13 | 539 | 536 | 0.28 | 1 | 3.08 | 24.92 |
| GLD | open | BCS (IC) | 2024-09-03 | 2024-10-18 | 243 | 246 | 0.41 | 1 | 1.4 | 39.6 |
| GLD | open | BPS (IC) | 2024-09-03 | 2024-10-18 | 221 | 218 | 0.48 | 1 | 1.4 | 46.6 |
| QQQ | open | BCS (IC) | 2024-09-03 | 2024-09-03 | 467 | 468 | 0.26 | 1 | 3.08 | 22.92 |
| QQQ | open | BCS (IC) | 2024-09-03 | 2024-09-03 | 467 | 465 | 0.36 | 1 | 3.08 | 32.92 |
| SPY | open | BCS | 2024-09-03 | 2024-10-18 | 560 | 562 | 1.12 | 1 | 1.43 | 110.57 |
| ALB | open | BCS | 2024-09-03 | 2024-10-18 | 90 | 95 | 1.47 | 1 | 1.41 | 145.59 |
| BITO | open | Short Put | 2024-09-04 | 2024-09-20 | 15 | 0 | 0.15 | 1 | 1.05 | 13.95 |
| QQQ | open | BCS (IC) | 2024-09-04 | 2024-09-04 | 463 | 464 | 0.36 | 1 | 2.1 | 33.9 |
| QQQ | open | BPS (IC) | 2024-09-04 | 2024-09-04 | 461 | 460 | 0.27 | 1 | 2.1 | 24.9 |
| XSP | open | BCS (IC) | 2024-09-04 | 2024-09-04 | 555 | 556 | 0.17 | 1 | 1.84 | 15.16 |
| XSP | open | BPS (IC) | 2024-09-04 | 2024-09-04 | 550 | 549 | 0.13 | 1 | 1.84 | 11.16 |
| NVDA | open | BPS | 2024-09-03 | 2024-10-18 | 99 | 96 | 0.75 | 1 | 1.41 | 73.59 |
| QQQ | open | BCS (IC) | 2024-09-04 | 2024-09-04 | 464 | 463 | -0.05 | 1 | 1.4 | -6.4 |
| QQQ | open | BPS (IC) | 2024-09-04 | 2024-09-04 | 460 | 461 | -0.3 | 1 | 1.4 | -31.4 |
| QQQ | open | BCS (IC) | 2024-09-05 | 2024-09-05 | 462 | 463 | 0.28 | 1 | 3.09 | 24.91 |
| QQQ | open | BPS (IC) | 2024-09-05 | 2024-09-05 | 458 | 457 | 0.19 | 1 | 3.09 | 15.91 |
| SPY | open | BCS | 2024-09-05 | 2024-10-11 | 556 | 557 | 0.5 | 1 | 1.43 | 48.57 |
| XSP | open | BCS (IC) | 2024-09-05 | 2024-09-05 | 553 | 554 | 0.1 | 1 | 1.84 | 8.16 |
| XSP | open | BPS (IC) | 2024-09-05 | 2024-09-05 | 550 | 549 | 0.2 | 1 | 1.84 | 18.16 |
| UBER | open | BPS | 2024-09-04 | 2024-10-18 | 67.5 | 65 | 0.6 | 1 | 1.41 | 58.59 |
| QQQ | open | BCS (IC) | 2024-09-06 | 2024-09-06 | 455 | 456 | 0.32 | 1 | 1.41 | 30.59 |
| QQQ | open | BPS (IC) | 2024-09-06 | 2024-09-06 | 450 | 449 | 0.25 | 1 | 1.41 | 23.59 |
| SPY | open | BCS | 2024-09-06 | 2024-10-18 | 552 | 553 | 0.5 | 1 | 2.13 | 47.87 |
| QQQ | open | BCS (IC) | 2024-09-06 | 2024-09-06 | 452.5 | 454 | 0.41 | 1 | 3.09 | 37.91 |
| QQQ | open | BPS (IC) | 2024-09-06 | 2024-09-06 | 447.5 | 446 | 0.33 | 1 | 3.09 | 29.91 |
| XSP | open | BCS (IC) | 2024-09-06 | 2024-09-06 | 543 | 544 | 0.27 | 1 | 1.84 | 25.16 |
| XSP | open | BPS (IC) | 2024-09-06 | 2024-09-06 | 539 | 538 | 0.22 | 1 | 1.84 | 20.16 |
Closed / Expired: #
I really need a better way to journal my trades.
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | open | BCS (IC) | 2024-07-30 | 2024-09-20 | 566 | 569 | 0.88 | 1 | 1.41 | 86.59 | $44.49 |
| SPY | close | BCS (IC) | 2024-09-05 | 2024-09-20 | 569 | 566 | -0.4 | 1 | 2.1 | -42.1 | |
| SPY | open | BPS (IC) | 2024-07-30 | 2024-09-20 | 507 | 504 | 0.22 | 1 | 1.41 | 20.59 | $6.47 |
| SPY | close | BPS (IC) | 2024-09-05 | 2024-09-20 | 504 | 507 | -0.12 | 1 | 2.12 | -14.12 | |
| SPY | open | BCS | 2024-08-12 | 2024-09-06 | 537 | 538 | 0.550000000000001 | 1 | 1.42 | 53.5800000000001 | -$46.42 |
| SPY | assigned/exercised | BCS | 2024-09-06 | 2024-09-06 | 538 | 537 | -1 | 1 | 0 | -100 | |
| SPY | open | BCS | 2024-08-15 | 2024-09-20 | 556 | 557 | 0.51 | 1 | 2.12 | 48.88 | $22.47 |
| SPY | close | BCS | 2024-09-06 | 2024-09-20 | 557 | 556 | -0.25 | 1 | 1.41 | -26.41 | |
| SPY | open | BCS | 2024-08-19 | 2024-09-13 | 560 | 561 | 0.53 | 1 | 2.12 | 50.88 | $22.79 |
| SPY | close | BCS | 2024-09-05 | 2024-09-13 | 561 | 560 | -0.25 | 1 | 3.09 | -28.09 | |
| SPY | open | BCS | 2024-08-21 | 2024-09-20 | 567 | 568 | 0.44 | 1 | 1.42 | 42.58 | $19.48 |
| SPY | close | BCS | 2024-09-03 | 2024-09-20 | 568 | 567 | -0.22 | 1 | 1.1 | -23.1 | |
| QQQ | open | BCS | 2024-08-22 | 2024-09-20 | 482 | 485 | 1.51 | 1 | 1.43 | 149.57 | $73.16 |
| QQQ | close | BCS | 2024-09-03 | 2024-09-20 | 485 | 482 | -0.75 | 1 | 1.41 | -76.41 | |
| SPY | open | BCS | 2024-08-26 | 2024-09-27 | 563 | 564 | 0.560000000000001 | 1 | 1.42 | 54.5800000000001 | $23.17 |
| SPY | close | BCS | 2024-09-05 | 2024-09-27 | 564 | 563 | -0.3 | 1 | 1.41 | -31.41 | |
| SPY | open | BPS | 2024-08-27 | 2024-09-06 | 547 | 544 | 0.31 | 1 | 3.08 | 27.92 | -$158.19 |
| SPY | close | BPS | 2024-09-06 | 2024-09-06 | 544 | 547 | -1.84 | 1 | 2.11 | -186.11 | |
| SPY | open | BCS | 2024-08-28 | 2024-09-27 | 561 | 562 | 0.56 | 1 | 3.1 | 52.9 | $43.81 |
| SPY | close | BCS | 2024-09-06 | 2024-09-27 | 562 | 561 | -0.0600000000000001 | 1 | 3.09 | -9.09000000000001 | |
| SPY | open | BCS | 2024-08-30 | 2024-10-04 | 562 | 563 | 0.539999999999999 | 1 | 1.42 | 52.5799999999999 | $26.17 |
| SPY | close | BCS | 2024-09-06 | 2024-10-04 | 563 | 562 | -0.25 | 1 | 1.41 | -26.41 | |
| QQQ | open | BCS (IC) | 2024-09-03 | 2024-09-03 | 467 | 468 | 0.26 | 1 | 3.08 | 22.92 | $15.82 |
| QQQ | close | BCS (IC) | 2024-09-03 | 2024-09-03 | 468 | 467 | -0.05 | 1 | 2.1 | -7.1 | |
| QQQ | open | BCS (IC) | 2024-09-03 | 2024-09-03 | 467 | 465 | 0.36 | 1 | 3.08 | 32.92 | -$22.18 |
| QQQ | close | BCS (IC) | 2024-09-03 | 2024-09-03 | 465 | 467 | -0.53 | 1 | 2.1 | -55.1 | |
| ALB | open | BCS | 2024-09-03 | 2024-10-18 | 90 | 95 | 1.47 | 1 | 1.41 | 145.59 | $70.98 |
| ALB | close | BCS | 2024-09-06 | 2024-10-18 | 95 | 90 | -0.73 | 1 | 1.61 | -74.61 | |
| QQQ | open | BCS (IC) | 2024-09-04 | 2024-09-04 | 463 | 464 | 0.36 | 1 | 2.1 | 33.9 | $27.80 |
| QQQ | close | BCS (IC) | 2024-09-04 | 2024-09-04 | 464 | 463 | -0.04 | 1 | 2.1 | -6.1 | |
| QQQ | open | BPS (IC) | 2024-09-04 | 2024-09-04 | 461 | 460 | 0.27 | 1 | 2.1 | 24.9 | -$33.20 |
| QQQ | close | BPS (IC) | 2024-09-04 | 2024-09-04 | 460 | 461 | -0.56 | 1 | 2.1 | -58.1 | |
| XSP | open | BCS (IC) | 2024-09-04 | 2024-09-04 | 555 | 556 | 0.17 | 1 | 1.84 | 15.16 | $15.16 |
| XSP | expired | BCS (IC) | 2024-09-04 | 2024-09-04 | 556 | 555 | 0 | 1 | 0 | 0 | |
| XSP | open | BPS (IC) | 2024-09-04 | 2024-09-04 | 550 | 549 | 0.13 | 1 | 1.84 | 11.16 | $11.16 |
| XSP | expired | BPS (IC) | 2024-09-04 | 2024-09-04 | 549 | 550 | 0 | 1 | 0 | 0 | |
| QQQ | open | BCS (IC) | 2024-09-04 | 2024-09-04 | 464 | 463 | -0.05 | 1 | 1.4 | -6.4 | -$6.40 |
| QQQ | expired | BCS (IC) | 2024-09-04 | 2024-09-04 | 463 | 464 | 0 | 1 | 0 | 0 | |
| QQQ | open | BPS (IC) | 2024-09-04 | 2024-09-04 | 460 | 461 | -0.3 | 1 | 1.4 | -31.4 | $7.54 |
| QQQ | close | BPS (IC) | 2024-09-04 | 2024-09-04 | 461 | 460 | 0.41 | 1 | 2.06 | 38.94 | |
| QQQ | open | BCS (IC) | 2024-09-05 | 2024-09-05 | 462 | 463 | 0.28 | 1 | 3.09 | 24.91 | $3.85 |
| QQQ | close | BCS (IC) | 2024-09-05 | 2024-09-05 | 463 | 462 | -0.19 | 1 | 2.06 | -21.06 | |
| QQQ | open | BPS (IC) | 2024-09-05 | 2024-09-05 | 458 | 457 | 0.19 | 1 | 3.09 | 15.91 | $15.91 |
| QQQ | close | BPS (IC) | 2024-09-05 | 2024-09-05 | 457 | 458 | 0 | 1 | 0 | 0 | |
| XSP | open | BCS (IC) | 2024-09-05 | 2024-09-05 | 553 | 554 | 0.1 | 1 | 1.84 | 8.16 | $8.16 |
| XSP | close | BCS (IC) | 2024-09-05 | 2024-09-05 | 554 | 553 | 0 | 1 | 0 | 0 | |
| XSP | open | BPS (IC) | 2024-09-05 | 2024-09-05 | 550 | 549 | 0.2 | 1 | 1.84 | 18.16 | $18.16 |
| XSP | close | BPS (IC) | 2024-09-05 | 2024-09-05 | 549 | 550 | 0 | 1 | 0 | 0 | |
| QQQ | open | BCS (IC) | 2024-09-06 | 2024-09-06 | 455 | 456 | 0.32 | 1 | 1.41 | 30.59 | $25.49 |
| QQQ | close | BCS (IC) | 2024-09-06 | 2024-09-06 | 456 | 455 | -0.03 | 1 | 2.1 | -5.1 | |
| QQQ | open | BPS (IC) | 2024-09-06 | 2024-09-06 | 450 | 449 | 0.25 | 1 | 1.41 | 23.59 | -$29.51 |
| QQQ | close | BPS (IC) | 2024-09-06 | 2024-09-06 | 449 | 450 | -0.51 | 1 | 2.1 | -53.1 | |
| QQQ | open | BCS (IC) | 2024-09-06 | 2024-09-06 | 452.5 | 454 | 0.41 | 1 | 3.09 | 37.91 | $23.81 |
| QQQ | close | BCS (IC) | 2024-09-06 | 2024-09-06 | 454 | 452.5 | -0.12 | 1 | 2.1 | -14.1 | |
| QQQ | open | BPS (IC) | 2024-09-06 | 2024-09-06 | 447.5 | 446 | 0.33 | 1 | 3.09 | 29.91 | -$0.19 |
| QQQ | close | BPS (IC) | 2024-09-06 | 2024-09-06 | 446 | 447.5 | -0.28 | 1 | 2.1 | -30.1 | |
| XSP | open | BCS (IC) | 2024-09-06 | 2024-09-06 | 543 | 544 | 0.27 | 1 | 1.84 | 25.16 | $25.16 |
| XSP | expired | BCS (IC) | 2024-09-06 | 2024-09-06 | 544 | 543 | 0 | 1 | 0 | 0 | |
| XSP | open | BPS (IC) | 2024-09-06 | 2024-09-06 | 539 | 538 | 0.22 | 1 | 1.84 | 20.16 | $20.16 |
| XSP | expired | BPS (IC) | 2024-09-06 | 2024-09-06 | 538 | 539 | 0 | 1 | 0 | 0 |
- Closed Net Profits/Loss: $275.08
Notes and Lessons #
Small profit, but I'll take it. Good to start the month on a positive note.
Biggest loss was on my weekly SPY trade (-$150).
Fortunately, I decided to cut it early, which saved me a bit of money.
0DTE #
Made a total of nine 0DTE trades, which resulted in profits of about $126.
XSP 0DTE trades have done really well for me so far. I like them because there is no assignemnt risk, so my broker won't prematurely liquidate my positions. THe downside is it has low volume, so it is more difficult to get trades filled.
QQQ 0DTE trades also did well actually, but I screwed up some order entries trying to set it up to automatically close at a certain time.
Still don't really have a fixed strategy for all of this. I am mostly targetting >50% win rate with >100% return; and greater than 0.2% OTM. I have been winning much more than 50% though, so maybe it will start evening out soon.
Auto trade journalling #
Need a better way to automatically or semi-automatically journal my options trades. With all the 0DTE trades, its becoming quite the hassle to document everything.