Big Fat Loss - Weekly summary (Feb 10 - Feb 14)
Welp.
I knew I was going to have a losing week eventually.
Just didn't think it would be this bad.
Almost wiped out my profits for the year.
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 |
|---|---|---|---|---|---|---|---|---|---|
| KMI | Covered Call | 2025-02-10 | 2025-02-14 | 27.5 | 0 | 0.15 | 1 | 0.58 | 14.42 |
| SPY | BPS | 2025-02-10 | 2025-03-28 | 575 | 570 | 0.51 | 1 | 1.42 | 49.58 |
| GLD | BPS (IC) | 2025-02-12 | 2025-03-28 | 258 | 257 | 0.24 | 1 | 1.42 | 22.58 |
| GLD | BCS (IC) | 2025-02-12 | 2025-03-28 | 275 | 276 | 0.26 | 1 | 1.43 | 24.57 |
| PFE | Short Put | 2025-02-12 | 2025-02-21 | 25 | 0 | 0.15 | 1 | 1.05 | 13.95 |
| QQQ | BCS | 2025-02-13 | 2025-04-04 | 541 | 542 | 0.5 | 1 | 1.44 | 48.56 |
| SPY | BCS | 2025-02-13 | 2025-04-04 | 611 | 612 | 0.53 | 1 | 1.44 | 51.56 |
Opened my first iron condor in awhile GLD. Gold is super extended (i.e. record highs), so figure there should be a bit of a pullback or flat run eventually? Who knows.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EEM | open | Short Put | 2024-12-11 | 2024-12-20 | 43 | 0 | 0.35 | 1 | 0.8 | 34.2 | -$4,265.80 |
| EEM | assigned | Short Put | 2024-12-20 | 2024-12-20 | 0 | 43 | -43 | 1 | 0 | -4300 | |
| DIA | open | BCS | 2025-01-02 | 2025-02-14 | 426 | 427 | 0.5 | 1 | 2.12 | 47.88 | -$52.12 |
| DIA | assigned/exercised | BCS | 2025-02-14 | 2025-02-14 | 427 | 426 | -1 | 1 | 0 | -100 | |
| EEM | open | Short Put | 2025-01-31 | 2025-02-07 | 43.5 | 0 | 0.27 | 1 | 1.06 | 25.94 | $25.94 |
| EEM | expired | Short Put | 2025-02-07 | 2025-02-07 | 0 | 0 | 0 | 1 | 0 | 0 | |
| EEM | open | Short Put | 2025-02-10 | 2025-02-14 | 43.5 | 0 | 0.47 | 1 | 1.06 | 45.94 | $4,395.94 |
| EEM | assigned | Short Put | 2025-02-14 | 2025-02-14 | 43.5 | 0 | 43.5 | 1 | 0 | 4350 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PG | BPS | 2025-01-30 | 2025-04-17 | 155 | 145 | 0.71 | 1 | 1.42 | 69.58 | 2025-02-13 | -0.33 | 1 | 1.41 | 35.17 |
| SPY | BPS | 2025-02-03 | 2025-03-31 | 555 | 550 | 0.56 | 1 | 1.42 | 54.58 | 2025-02-13 | -0.21 | 1 | 2.12 | 31.46 |
- Closed Net Profits/Loss: $170.59
My short put / wheel strategy on EEM closed.
Once again, should've been a bit more patient, and could've gotten a lot more out of it.
0DTE Trades #
Absolutely terrible week for 0DTE. Destroyed all my profits for the last month or so.
| 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 | BCS | 2025-02-10 | 2025-02-10 | 6075 | 6120 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-10 | -2.3 | 1 | 1.65 | -124.86 |
| SPX | BPS | 2025-02-10 | 2025-02-10 | 6035 | 5975 | 0.9 | 1 | 3.21 | 86.79 | 2025-02-10 | -0.25 | 1 | 3.12 | 58.67 |
| SPX | BPS | 2025-02-10 | 2025-02-10 | 6060 | 6020 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-10 | -0.3 | 1 | 1.56 | 75.23 |
| SPX | BPS | 2025-02-11 | 2025-02-11 | 6025 | 5965 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-11 | -2 | 1 | 3.21 | -111.42 |
| SPX | BPS | 2025-02-11 | 2025-02-11 | 6025 | 5965 | 1 | 1 | 3.21 | 96.79 | 2025-02-11 | -2.1 | 1 | 3.21 | -116.42 |
| SPX | BCS | 2025-02-11 | 2025-02-11 | 6070 | 6095 | 1.15 | 1 | 3.41 | 111.59 | 2025-02-11 | -2.45 | 1 | 3.21 | -136.62 |
| SPX | BPS | 2025-02-11 | 2025-02-11 | 6070 | 6085 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-11 | -2.2 | 1 | 1.65 | -114.86 |
| SPX | BCS | 2025-02-12 | 2025-02-12 | 6075 | 6130 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-12 | -1.85 | 1 | 1.75 | -104.87 |
| SPX | BCS | 2025-02-12 | 2025-02-12 | 6065 | 6110 | 0.9 | 1 | 3.12 | 86.88 | 2025-02-12 | -1.9 | 1 | 1.75 | -104.87 |
| SPX | BPS | 2025-02-12 | 2025-02-12 | 6030 | 5975 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-12 | -1.9 | 1 | 3.41 | -101.62 |
| SPX | BPS | 2025-02-12 | 2025-02-12 | 6040 | 5995 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-12 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BPS | 2025-02-13 | 2025-02-13 | 6030 | 5970 | 0.9 | 1 | 3.41 | 86.59 | 2025-02-13 | -1.9 | 1 | 3.41 | -106.82 |
| SPX | BCS | 2025-02-13 | 2025-02-13 | 6105 | 6150 | 1 | 1 | 3.41 | 96.59 | 2025-02-13 | -2.15 | 1 | 1.65 | -120.06 |
| SPX | BPS | 2025-02-14 | 2025-02-14 | 6060 | 6000 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-14 | -0.25 | 1 | 3.12 | 53.67 |
| SPX | BCS | 2025-02-14 | 2025-02-14 | 6140 | 6180 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-14 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BCS | 2025-02-14 | 2025-02-14 | 6125 | 6145 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-14 | -0.25 | 1 | 1.56 | 55.32 |
- 0DTE Closed Net Profits/Loss: -$788.89
Total Profit / Loss #
- 0DTE trades = -$788.89
- Other trades = $170.59
NET PROFIT / LOSS = -$618.3
Notes, Lessons and Thoughts #
Dammnnnnnnnn it.
0DTE saved me last week, and killed me this week.
I took profits at 70%. If I let things go to expiry, could've recovered a bit more at the end.
First half of February has not been so good for me. Hope the last half will be much better.