Small Loss - Weekly summary (Feb 17 - Feb 21)
Another losing week.
Second week in a row.
Not quite as bad as last week, but still not fun.
Market collapsed at end of the week, but was not the cause of any big losses (yet).
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 | 2025-02-18 | 2025-04-04 | 579 | 574 | 0.47 | 1 | 2.13 | 44.87 |
| SPY | BCS | 2025-02-18 | 2025-04-04 | 616 | 617 | 0.5 | 1 | 2.14 | 47.86 |
| KMI | Dividend | 2025-02-19 | - | 0 | 0 | 2.674 | 0.09136 | 0.02 | 24.409664 |
| VIX | Long Call | 2025-02-19 | 2025-06-17 | 0 | 55 | -0.54 | 1 | 1.31 | -55.31 |
| SPY | BCS | 2025-02-19 | 2025-03-31 | 615 | 616 | 0.54 | 1 | 2.14 | 51.86 |
| PG | BPS | 2025-02-20 | 2025-05-16 | 155 | 140 | 1.07 | 1 | 2 | 105 |
| V | BPS | 2025-02-21 | 2025-05-16 | 320 | 310 | 1.06 | 1 | 1.42 | 104.58 |
Couple of long term trend trades with V and PG. It's been a bit difficult getting into some of these trades.
The market has been up so much, I feel like waiting for a drop before entering. But, what if the drop never comes? Then, I'll just be missing out on opportunities.
VIX is a "doomsday" hedge. Basically if the market crashes, I'll be able to offset it a bit. Like an insurance policy. Not sure if its better to just buy a straight up put or something instead.
Closed / Expired: #
| Ticker | Action | Type | Date | Expiry | Sell Strike | Buy Strike | Premium | Qty | Fee | Net | Profit/Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VIX | open | Long Call | 2024-11-07 | 2024-02-18 | 0 | 45 | -0.43 | 1 | 1.3 | -44.3 | -$44.30 |
| VIX | expired | Long Call | 2025-02-18 | 2024-02-18 | 45 | 0 | 0 | 1 | 0 | 0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | BPS | 2025-01-21 | 2025-03-21 | 567 | 562 | 0.48 | 1 | 1.42 | 46.58 | 2025-02-18 | -0.2 | 1 | 2.52 | 24.06 |
| SPY | BPS | 2025-01-28 | 2025-03-21 | 569 | 564 | 0.5 | 1 | 1.42 | 48.58 | 2025-02-19 | -0.2 | 1 | 2.52 | 26.06 |
| PFE | Short Put | 2025-02-12 | 2025-02-21 | 25 | 0 | 0.15 | 1 | 1.05 | 13.95 | 2025-02-21 | 0 | 1 | 0 | 13.95 |
- Closed Net Profits/Loss: $19.77
Previous VIX hedge expired worthless. It was in the profit at one point, but I never closed it. Wondering what my profit target should be for future hedges.
0DTE Trades #
Another poor week for 0DTE trades. Lost over $100 on slippage, which is very annoying.
| 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 | 2025-02-18 | 2025-02-18 | 6090 | 6040 | 1 | 1 | 3.21 | 96.79 | 2025-02-18 | -2.9 | 1 | 3.21 | -196.42 |
| SPX | BPS | 2025-02-18 | 2025-02-18 | 6100 | 6050 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-18 | -1.9 | 1 | 3.21 | -111.42 |
| SPX | BCS | 2025-02-18 | 2025-02-18 | 6125 | 6150 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-18 | -0.3 | 1 | 3.12 | 73.67 |
| SPX | BPS | 2025-02-18 | 2025-02-18 | 6110 | 6090 | 1 | 1 | 3.21 | 96.79 | 2025-02-18 | -0.3 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6070 | 6010 | 0.85 | 1 | 3.21 | 81.79 | 2025-02-19 | -0.25 | 1 | 3.12 | 53.67 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6095 | 6035 | 0.8 | 1 | 3.21 | 76.79 | 2025-02-19 | -0.2 | 1 | 3.12 | 53.67 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6110 | 6050 | 1 | 1 | 3.21 | 96.79 | 2025-02-19 | -2.1 | 1 | 3.21 | -116.42 |
| SPX | BPS | 2025-02-19 | 2025-02-19 | 6135 | 6100 | 1.1 | 1 | 3.21 | 106.79 | 2025-02-19 | -2.75 | 1 | 3.21 | -171.42 |
| SPX | BCS | 2025-02-20 | 2025-02-20 | 6130 | 6185 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-20 | -0.25 | 1 | 1.56 | 55.32 |
| SPX | BCS | 2025-02-21 | 2025-02-21 | 6125 | 6185 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-21 | -0.25 | 1 | 1.56 | 65.23 |
| SPX | BPS | 2025-02-21 | 2025-02-21 | 6040 | 5970 | 0.95 | 1 | 3.21 | 91.79 | 2025-02-21 | -1.95 | 1 | 3.41 | -106.62 |
| SPX | BCS | 2025-02-21 | 2025-02-21 | 6040 | 6085 | 0.85 | 1 | 3.12 | 81.88 | 2025-02-21 | -0.25 | 1 | 1.56 | 55.32 |
- 0DTE Closed Net Profits/Loss: -$280.19
Total Profit / Loss #
- 0DTE trades = -$280.19
- Other trades = $19.77
NET PROFIT / LOSS = -$260.42
Notes, Lessons and Thoughts #
Another losing week.
I'm down almost $1000 this month, mainly due to 0DTE trades.
I was up over $1000 last month, mainly due to 0DTE trades.
I guess it evens out. Hopefully, it works out to be more up than down though.
Still researching some more 0DTE strategies that I can employ. Also some other monthly trades to make.