Slow week - Weekly summary (Nov 18 - Nov 22)
Pretty slow week for me.
Continued trading 0DTE, and managed to make a tiny profit. Also continuing to focus more on short puts and covered calls instead of just spreads.
Here are the trades from last week:
Opened: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net |
|---|---|---|---|---|---|---|---|---|---|---|
| EEM | open | Covered Call | 2024-11-18 | 2024-11-22 | 43.5 | 0 | 0.26 | 1 | 1.06 | 24.94 |
| SLV | open | Covered Call | 2024-11-18 | 2024-11-22 | 29 | 0 | 0.19 | 1 | 0.57 | 18.43 |
| SPY | open | BCS | 2024-11-19 | 2024-12-27 | 594 | 595 | 0.51 | 1 | 1.43 | 49.57 |
| MSFT | open | BPS | 2024-11-19 | 2024-02-21 | 370 | 355 | 1.55 | 1 | 2 | 153 |
| VOD | open | Long | 2024-11-21 | - | 0 | 8.815 | -8.815 | 1 | 1 | -882.5 |
Variety of trades this week.
A couple of covered calls on puts assigned last week. MSFT long term spread, mathematical trade idea on SPY, and dividend play on VOD (which I backed out of after).
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VOD | open | Long | 2024-11-21 | - | 0 | 8.815 | -8.815 | 1 | 1 | -882.5 | $12.00 |
| VOD | dividend | Long | 2024-11-22 | 2024-11-22 | 0 | 0 | 0.24 | 1 | 0 | 24 | |
| VOD | close | Long | 2024-11-22 | 2024-11-22 | 8.705 | 0 | 8.705 | 1 | 0 | 870.5 |
- Closed Net Profits/Loss: $12
Entered a dividend play on VOD, with the intent to sell call options on it after collecting dividend. After buying, realized it has very little volume on its options, so just got out. Next time, need to check carefully beforehand.
0DTE Trades #
Took profits early again this week on most of my trades. Fucked up again by trading a 0DTE "trade idea" on QQQ from option alpha, instead of sticking to my regular strategy. Oh well.
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPX | open | BCS | 2024-11-18 | 2024-11-18 | 5910 | 5935 | 1.1 | 1 | 3.19 | 106.81 | $43.71 |
| SPX | close | BCS | 2024-11-18 | 2024-11-18 | 5935 | 5910 | -0.6 | 1 | 3.1 | -63.1 | |
| SPX | open | BPS | 2024-11-18 | 2024-11-18 | 5880 | 5850 | 1 | 1 | 3.19 | 96.81 | -$121.38 |
| SPX | close | BPS | 2024-11-18 | 2024-11-18 | 5850 | 5880 | -2.15 | 1 | 3.19 | -218.19 | |
| SPX | open | BPS | 2024-11-19 | 2024-11-19 | 5770 | 5825 | 1 | 1 | 3.19 | 96.81 | $43.71 |
| SPX | close | BPS | 2024-11-19 | 2024-11-19 | 5825 | 5770 | -0.5 | 1 | 3.1 | -53.1 | |
| QQQ | open | BCS | 2024-11-20 | 2024-11-20 | 502 | 503 | 0.32 | 1 | 2.11 | 29.89 | -$70.11 |
| QQQ | close | BCS | 2024-11-20 | 2024-11-20 | 503 | 502 | -1 | 1 | 0 | -100 | |
| QQQ | open | BPS | 2024-11-20 | 2024-11-20 | 497 | 496 | 0.22 | 1 | 2.11 | 19.89 | $19.89 |
| QQQ | close | BPS | 2024-11-20 | 2024-11-20 | 496 | 497 | 0 | 1 | 0 | 0 | |
| SPX | open | BCS | 2024-11-20 | 2024-11-20 | 5910 | 5935 | 1.2 | 1 | 3.19 | 116.81 | $43.71 |
| SPX | close | BCS | 2024-11-20 | 2024-11-20 | 5935 | 5910 | -0.7 | 1 | 3.1 | -73.1 | |
| SPX | open | BPS | 2024-11-21 | 2024-11-21 | 5910 | 5865 | 0.95 | 1 | 3.19 | 91.81 | $38.71 |
| SPX | close | BPS | 2024-11-21 | 2024-11-21 | 5865 | 5910 | -0.5 | 1 | 3.1 | -53.1 | |
| SPX | open | BPS | 2024-11-22 | 2024-11-22 | 5930 | 5895 | 1 | 1 | 3.19 | 96.81 | $28.71 |
| SPX | close | BPS | 2024-11-22 | 2024-11-22 | 5895 | 5930 | -0.65 | 1 | 3.1 | -68.1 |
-
0DTE Closed Net Profits/Loss: $26.95
-
TOTAL WEEKLY NET PROFITS/LOSS: $38.95
Notes and Lessons #
Very, very tiny profit this week.
I'll take it. 😂
I haven't been doing my weekly SPY trade for awhile, as I was analyzing some other variations to trade. May turn it into a monthly / 40DTE trade instead. We'll see over the next week or so.
Also, going to test out an auto-trading system for 0DTE SPX trades. I have been profitable the last couple weeks, but don't really want to stay up to make the trades everyday. It will also stop me from being undisciplined, and messing around.
If I hadn't messed around this week, I would've made an extra $190!
I was actually planning on coding my own trading bot, but I will try stuff that's out there already.
We'll see how it goes. Maybe will still code my own for fun, or to save a few bucks.