A decent week - Weekly summary (Jan 27 - Jan 31)
Another decent week for me.
Here's the trades from the past week:
Opened: #
| Ticker | Type | Entry Date | Expiry Date | Sell Strike | Buy Strike | Premium | Open Qty | Fee open | Net Premium |
|---|---|---|---|---|---|---|---|---|---|
| SPY | BPS | 2025-01-28 | 2025-03-21 | 569 | 564 | 0.5 | 1 | 1.42 | 48.58 |
| SPY | BCS | 2025-01-28 | 2025-03-31 | 610 | 611 | 0.54 | 1 | 2.15 | 51.85 |
| SPY | BCS | 2025-01-29 | 2025-03-07 | 608 | 609 | 0.53 | 1 | 2.14 | 50.86 |
| PG | BPS | 2025-01-30 | 2025-04-17 | 155 | 145 | 0.71 | 1 | 1.42 | 69.58 |
| SPY | BCS | 2025-01-31 | 2025-03-14 | 614 | 615 | 0.51 | 1 | 1.44 | 49.56 |
| EEM | Covered Call | 2025-01-31 | 2025-02-07 | 43.5 | 0 | 0.27 | 1 | 1.06 | 25.94 |
| KMI | Long | 2025-01-31 | - | 0 | 27.62 | -27.62 | 1 | 1 | -2763 |
| BITO | Long | 2025-01-31 | - | 0 | 25.465 | -25.465 | 1 | 1 | -2547.5 |
Variety of everything, including a couple dividend plays (BITO, KMI). Still not sure if I like the dividend strategy, but I will continue playing with it for awhile.
Closed / Expired: #
| Ticker | Type | Entry Date | Expiry Date | Sell Strike | Buy Strike | Premium | Open Qty | Fee open | Net Premium | Close Date | Close Cost | Close Qty | Fee close | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| COST | BPS | 2025-01-17 | 2025-04-17 | 845 | 835 | 1.24 | 1 | 2.14 | 121.86 | 2025-01-31 | -0.6 | 1 | 1.42 | 60.44 |
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| T | open | Short Put | 2024-12-16 | 2024-12-20 | 23 | 0 | 0.18 | 1 | 1.04 | 16.96 | -$2,283.04 |
| T | assigned | Short Put | 2024-12-20 | 2024-12-20 | 0 | 23 | -23 | 1 | 0 | -2300 | |
| T | open | Covered Call | 2024-12-24 | 2024-01-03 | 23 | 0 | 0.2 | 1 | 0.8 | 19.2 | $19.20 |
| T | expired | Covered Call | 2025-01-03 | 2024-01-03 | 0 | 23 | 1 | 0 | 0 | ||
| T | open | Covered Call | 2025-01-21 | 2025-01-31 | 23 | 0 | 0.3 | 1 | 1.06 | 28.94 | $2,328.94 |
| T | assigned | Covered Call | 2025-01-31 | 2025-01-31 | 0 | 23 | 23 | 1 | 0 | 2300 | |
| SCHD | open | Long | 2024-12-10 | - | 0 | 28.595 | -28.595 | 1 | 1 | -2860.5 | -$2,838.02 |
| SCHD | open | Dividend | - | 2024-12-11 | 0 | 0 | 0.2248 | 1 | 0 | 22.48 | |
| SCHD | open | Covered Call | 2024-12-11 | 2024-12-20 | 28 | 0 | 0.45 | 1 | 1.9 | 43.1 | $43.10 |
| SCHD | expired | Covered Call | 2024-12-20 | 2024-12-20 | 0 | 28 | 0 | 1 | 0 | 0 | |
| SCHD | close | Long | 2025-01-31 | - | 28.025 | 0 | 28.025 | 1 | 1.1 | 2801.4 | $2,801.40 |
| SCHD | - | - | 2025-01-31 | - | 0 | 0 | 0 | 1 | 0 | 0 |
- Closed Net Profits/Loss: $132.02
My short put/wheel strategy closed on T. Could've squezed out a bit more if I was patient, but I'll take it.
I also decided to close my dividend play on SCHD early for basically break even. It only has monthly options available, and is a really slow play. Decided to use my capital elsewhere instead of waiting around. Maybe should've been more patient again.
0DTE Trades #
It was an OK week for 0DTE trades. I forgot to open/login to my account on Tuesday, otherwise probably would've made a bit more.
| Ticker | Type | Entry Date | Expiry Date | Sell Strike | Buy Strike | Premium | Open Qty | Fee open | Net Premium | Exit Date | Close Cost | Close Qty | Fee close | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPX | BPS | 2025-01-27 | 2025-01-27 | 5945 | 5885 | 1 | 1 | 3.21 | 96.79 | 2025-01-27 | -0.4 | 1 | 3.12 | 53.67 |
| SPX | BCS | 2025-01-27 | 2025-01-27 | 6020 | 6065 | 0.95 | 1 | 3.12 | 91.88 | 2025-01-27 | -0.35 | 1 | 3.12 | 53.76 |
| SPX | BPS | 2025-01-27 | 2025-01-27 | 5980 | 5935 | 1 | 1 | 3.41 | 96.59 | 2025-01-27 | -2.05 | 1 | 3.41 | -111.82 |
| SPX | BCS | 2025-01-29 | 2025-01-29 | 6110 | 6160 | 1.05 | 1 | 3.21 | 101.79 | 2025-01-29 | -0.4 | 1 | 3.12 | 58.67 |
| SPX | BCS | 2025-01-29 | 2025-01-29 | 6105 | 6160 | 1.05 | 1 | 3.21 | 101.79 | 2025-01-29 | -0.4 | 1 | 3.12 | 58.67 |
| SPX | BPS | 2025-01-29 | 2025-01-29 | 5985 | 5925 | 0.95 | 1 | 3.21 | 91.79 | 2025-01-29 | -0.35 | 1 | 3.12 | 53.67 |
| SPX | BCS | 2025-01-30 | 2025-01-30 | 6085 | 6140 | 0.85 | 1 | 3.12 | 81.88 | 2025-01-30 | -1.75 | 1 | 3.21 | -96.33 |
| SPX | BPS | 2025-01-30 | 2025-01-30 | 6020 | 5965 | 0.85 | 1 | 3.21 | 81.79 | 2025-01-30 | -0.3 | 1 | 3.12 | 48.67 |
| SPX | BPS | 2025-01-30 | 2025-01-30 | 6045 | 5990 | 0.85 | 1 | 3.12 | 81.88 | 2025-01-30 | -0.3 | 1 | 3.12 | 48.76 |
| SPX | BPS | 2025-01-31 | 2025-01-31 | 6035 | 5975 | 0.8 | 1 | 3.12 | 76.88 | 2025-01-31 | -0.3 | 1 | 3.12 | 43.76 |
| SPX | BPS | 2025-01-31 | 2025-01-31 | 6070 | 6015 | 0.9 | 1 | 3.21 | 86.79 | 2025-01-31 | -1.8 | 1 | 3.21 | -96.42 |
| SPX | BCS | 2025-01-31 | 2025-01-31 | 6075 | 6125 | 1 | 1 | 3.21 | 96.79 | 2025-01-31 | -0.4 | 1 | 1.56 | 55.23 |
- 0DTE Closed Net Profits/Loss: $170.29
Total Profit / Loss #
- 0DTE trades = $170.29
- Other trades = $132.02
NET PROFIT / LOSS = $302.31
Notes, Lessons and Thoughts #
Finished the month off on a positive note.
The market has been up and down over the past few weeks, but I've somehow managed to turn profits either way.
0DTE profit taking #
This past month, I've been taking profits on 0DTE trades at around 60%. Results have been pretty good. The one thing I don't like is that when I win 2 trades and lose 1, I do not make any money.
Next month, I think I will try a bit higher at 70% or so.
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