What am I doing - Weekly summary (Oct 28 - Nov 1)
Another up and down week.
Win some, and then lose it all.
Finally, some "trade ideas" close for profits, but I lost on other stuff.
Haven't been going anywhere recently, starting to think what the hell am I doing.
Here's my trades from the past week:
Opened: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| SPX | open | BPS | 2024-10-29 | 2024-10-29 | 5825 | 5790 | 1 | 1 | 3.21 | 96.79 |
| SPY | open | BCS | 2024-10-30 | 2024-12-06 | 590 | 591 | 0.52 | 1 | 2.13 | 49.87 |
| BITO | open | Long | 2024-10-31 | - | 0 | 20 | -20 | 1 | 1 | -2001 |
| SPX | open | BPS | 2024-10-31 | 2024-10-31 | 5700 | 5655 | 1 | 1 | 3.21 | 96.79 |
| SPX | open | BCS | 2024-10-31 | 2024-10-31 | 5745 | 5775 | 1.05 | 1 | 3.21 | 101.79 |
| BITO | open | Covered Call | 2024-11-01 | 2024-11-08 | 20 | 0 | 0.47 | 1 | 1.05 | 45.95 |
Testing out a new strategy ... dividend capture strategy with ITM covered call.
I tried a couple times before, but got my option assigned before I could get the dividend. So, this time I held the position BITO for one day before selling the covered call.
Unfortunately, it dropped a lot, so now my call is actually out of the money. We'll see what happens...
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XSP | open | BCS | 2024-09-17 | 2024-11-01 | 574 | 575 | 0.5 | 1 | 1.86 | 48.14 | $48.14 |
| XSP | expired | BCS | 2024-11-01 | 2024-11-01 | 575 | 574 | 0 | 1 | 0 | 0 | |
| V | open | BPS | 2024-09-20 | 2024-12-20 | 255 | 250 | 0.48 | 2 | 2.31 | 93.69 | $52.27 |
| V | close | BPS | 2024-10-30 | 2024-12-20 | 250 | 255 | -0.2 | 2 | 1.42 | -41.42 | |
| SPY | open | BCS | 2024-09-20 | 2024-11-01 | 574 | 575 | 0.520000000000001 | 1 | 1.43 | 50.57 | $13.06 |
| SPY | close | BCS | 2024-10-31 | 2024-11-01 | 575 | 574 | -0.35 | 1 | 2.51 | -37.51 | |
| XSP | open | BCS | 2024-09-24 | 2024-11-01 | 578 | 579 | 0.520000000000001 | 1 | 1.86 | 50.14 | $25.14 |
| XSP | close | BCS | 2024-10-31 | 2024-11-01 | 579 | 578 | -0.25 | 1 | -25 | ||
| SPY | open | BCS | 2024-09-30 | 2024-11-01 | 576 | 577 | 0.54 | 1 | 2.13 | 51.87 | $26.87 |
| SPY | close | BCS | 2024-10-31 | 2024-11-01 | 577 | 576 | -0.25 | 1 | -25 | ||
| SPY | open | BCS | 2024-10-15 | 2024-11-15 | 589 | 590 | 0.5 | 1 | 3.11 | 46.89 | $19.38 |
| SPY | close | BCS | 2024-10-31 | 2024-11-15 | 590 | 589 | -0.25 | 1 | 2.51 | -27.51 | |
| XLP | open | BCS | 2024-10-18 | 2024-12-20 | 83 | 84 | 0.5 | 1 | 1.41 | 48.59 | $21.48 |
| XLP | close | BCS | 2024-10-31 | 2024-12-20 | 84 | 83 | -0.25 | 1 | 2.11 | -27.11 |
- Closed Net Profits/Loss: $206.34
Finally, a bunch of Option Alpha's "trade ideas" closed for profits. The strategy is still in the hole quite a bit, but now I guess I have to keep running with it longer to see if it works out.
0DTE Trades: #
Didn't make many 0DTE trades this week. I was on a short trip, so decided to take a break.
I may start to automate it over the next couple weeks, so I can trade even when I'm too tired to do it myself.
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPX | open | BPS | 2024-10-29 | 2024-10-29 | 5825 | 5790 | 1 | 1 | 3.21 | 96.79 | $96.79 |
| SPX | expired | BPS | 2024-10-29 | 2024-10-29 | 5790 | 5825 | 0 | 1 | 0 | 0 | |
| SPX | open | BPS | 2024-10-31 | 2024-10-31 | 5700 | 5655 | 1 | 1 | 3.21 | 96.79 | -$106.42 |
| SPX | close | BPS | 2024-10-31 | 2024-10-31 | 5655 | 5700 | -2 | 1 | 3.21 | -203.21 | |
| SPX | open | BCS | 2024-10-31 | 2024-10-31 | 5745 | 5775 | 1.05 | 1 | 3.21 | 101.79 | -$126.42 |
| SPX | close | BCS | 2024-10-31 | 2024-10-31 | 5775 | 5745 | -2.25 | 1 | 3.21 | -228.21 |
-
0DTE Closed Net Profits/Loss: -$136.05
-
TOTAL WEEKLY NET PROFITS/LOSS: $70.29
Notes and Lessons #
Tiny win. Better than nothing.
Should've just stopped trading 0DTE after the first profit at the beginning of the week.
Wasn't actually planning on trading more, as I was in the middle of some travel, but couldn't resist.
I should just commit to trading it all week, or not trading at all. This half-ass stuff is costing me I think.
November is here already, damn!