More losing - Weekly summary (Mar 3 - Mar 7)
Another week. Another Loss.
Is that four losing weeks in a row?
I don't want to count.
Yes it is.
0DTE is failing me recently, but I have added another new 0DTE strategy anyways.
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 | 2025-03-03 | 2025-03-07 | 28 | 0 | 0.22 | 1 | 0.81 | 21.19 |
| SPY | BPS | 2025-03-03 | 2025-04-30 | 552 | 547 | 0.51 | 1 | 1.43 | 49.57 |
| SPY | BCS | 2025-03-03 | 2025-04-30 | 602 | 603 | 0.52 | 1 | 1.45 | 50.55 |
| BITO | Short Put | 2025-03-04 | 2025-03-07 | 17.5 | 0 | 0.16 | 1 | 1.06 | 14.94 |
| IBIT | Short Put | 2025-03-04 | 2025-03-14 | 40 | 0 | 0.25 | 1 | 0.57 | 24.43 |
| QQQ | BCS | 2025-03-05 | 2025-04-17 | 500 | 501 | 0.54 | 1 | 1.46 | 52.54 |
Stuck in KMI long position. It was originally a dividend play from over a month ago. I've been selling covered calls on it when I can, but the underlying has dropped a bit too much, and I'm stuck in limbo right now. Doesn't seem like it will recover in this market environment.
Maybe will need to take a loss on it soon.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XLB | BCS | 2025-01-22 | 2025-03-21 | 90 | 91 | 0.51 | 1 | 1.42 | 49.58 | 2025-03-03 | -0.2 | 1 | 2.12 | 27.46 |
| SPY | BCS | 2025-02-06 | 2025-03-28 | 611 | 612 | 0.52 | 1 | 2.14 | 49.86 | 2025-03-03 | -0.2 | 1 | 1.42 | 28.44 |
| SPY | BPS | 2025-02-10 | 2025-03-28 | 575 | 570 | 0.51 | 1 | 1.42 | 49.58 | 2025-03-07 | -2.46 | 1 | 2.15 | -198.57 |
| PG | BPS | 2025-02-20 | 2025-05-16 | 155 | 140 | 1.07 | 1 | 2 | 105 | 2025-03-04 | -0.35 | 1 | 2.12 | 67.88 |
| BITO | Short Put | 2025-03-04 | 2025-03-07 | 17.5 | 0 | 0.16 | 1 | 1.06 | 14.94 | 2025-03-07 | 0 | 1 | 0 | 14.94 |
- Closed Net Profits/Loss: -$59.85
Another positive week for Option Alpha Trade Ideas strategy.
Closed a SPY position at 21DTE according to SPY 45DTE strategy for a decent loss.
0DTE Trades #
| 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 | 2025-03-03 | 2025-03-03 | 5835 | 5765 | 0.9 | 1 | 3.21 | 86.79 | 2025-03-03 | -1.85 | 1 | 3.21 | -101.42 |
| SPX | BPS | 2025-03-03 | 2025-03-03 | 5870 | 5800 | 0.85 | 1 | 3.12 | 81.88 | 2025-03-03 | -1.8 | 1 | 3.21 | -101.33 |
| SPX | BPS | 2025-03-03 | 2025-03-03 | 5850 | 5790 | 1 | 1 | 3.21 | 96.79 | 2025-03-03 | -2 | 1 | 3.21 | -106.42 |
| SPX | BCS | 2025-03-03 | 2025-03-03 | 5890 | 5895 | 1.15 | 1 | 3.3 | 111.7 | 2025-03-03 | -0.85 | 1 | 3.3 | 23.4 |
| SPX | BCS | 2025-03-03 | 2025-03-03 | 5845 | 5875 | 1 | 1 | 3.21 | 96.79 | 2025-03-03 | -2.05 | 1 | 3.21 | -111.42 |
| SPX | BCS | 2025-03-04 | 2025-03-04 | 5880 | 5945 | 0.9 | 1 | 3.21 | 86.79 | 2025-03-04 | -1.8 | 1 | 1.65 | -94.86 |
| SPX | BPS | 2025-03-04 | 2025-03-04 | 5710 | 5640 | 0.95 | 1 | 3.21 | 91.79 | 2025-03-04 | -0.1 | 1 | 1.56 | 80.23 |
| SPX | BCS | 2025-03-04 | 2025-03-04 | 5860 | 5865 | 1.2 | 1 | 3.5 | 116.5 | 2025-03-04 | -0.9 | 1 | 3.3 | 23.2 |
| SPX | BCS | 2025-03-05 | 2025-03-05 | 5915 | 5970 | 1 | 1 | 3.21 | 96.79 | 2025-03-05 | 0 | 1 | 0 | 96.79 |
| SPX | BPS (IC) | 2025-03-05 | 2025-03-05 | 5730 | 5725 | 1.03 | 1 | 3.3 | 99.7 | 2025-03-05 | 0 | 1 | 0 | 99.7 |
| SPX | BCS (IC) | 2025-03-05 | 2025-03-05 | 5815 | 5820 | 1.07 | 1 | 3.3 | 103.7 | 2025-03-05 | -5 | 1 | 0 | -396.3 |
| SPX | BPS | 2025-03-05 | 2025-03-05 | 5715 | 5645 | 0.8 | 1 | 3.12 | 76.88 | 2025-03-05 | -1.75 | 1 | 3.41 | -101.53 |
| SPX | BPS | 2025-03-05 | 2025-03-05 | 5765 | 5700 | 0.85 | 1 | 3.12 | 81.88 | 2025-03-05 | 0 | 1 | 0 | 81.88 |
| SPX | BCS | 2025-03-05 | 2025-03-05 | 5865 | 5870 | 0.95 | 1 | 3.3 | 91.7 | 2025-03-05 | -0.7 | 1 | 3.3 | 18.4 |
| SPX | BPS (IC) | 2025-03-06 | 2025-03-06 | 5685 | 5680 | 0.9 | 1 | 3.3 | 86.7 | 2025-03-06 | -0.55 | 1 | 3.12 | 28.58 |
| SPX | BCS (IC) | 2025-03-06 | 2025-03-06 | 5740 | 5745 | 1.1 | 1 | 3.3 | 106.7 | 2025-03-06 | -0.45 | 1 | 3.3 | 58.4000000000001 |
| SPX | BCS | 2025-03-07 | 2025-03-07 | 5865 | 5915 | 0.9 | 1 | 3.21 | 86.79 | 2025-03-07 | 0 | 1 | 0 | 86.79 |
| SPX | BCS | 2025-03-07 | 2025-03-07 | 5820 | 5860 | 0.85 | 1 | 3.21 | 81.79 | 2025-03-07 | -1.7 | 1 | 3.21 | -91.42 |
| SPX | BCS | 2025-03-07 | 2025-03-07 | 5780 | 5785 | 1.1 | 1 | 3.5 | 106.5 | 2025-03-07 | -0.8 | 1 | 3.3 | 23.2 |
| SPX | BPS | 2025-03-07 | 2025-03-07 | 5715 | 5660 | 1 | 1 | 3.41 | 96.59 | 2025-03-07 | -1.95 | 1 | 1.75 | -100.16 |
| SPX | BPS (IC) | 2025-03-07 | 2025-03-07 | 5750 | 5745 | 0.72 | 1 | 3.3 | 68.7 | 2025-03-07 | 0 | 1 | 0 | 68.7 |
| SPX | BCS (IC) | 2025-03-07 | 2025-03-07 | 5790 | 5795 | 1.18 | 1 | 3.3 | 114.7 | 2025-03-07 | 0 | 1 | 0 | 114.7 |
- 0DTE Closed Net Profits/Loss: -$400.89
Another bad week for 0DTE.
Not quite as bad as last week...so I guess that's improvement?
Total Profit / Loss #
- 0DTE trades = -$400.89
- Other trades = -$59.85
NET PROFIT / LOSS = -$460.74
Notes, Lessons and Thoughts #
Bleh.
Another new 0DTE strategy #
I have another new 0DTE strategy.
Basically, I open one 25 delta, $5 wing iron condor every day of the week at specified times.
Each day of the week has a different optimal time according to backtests which I got via Option Alpha.
Here are the current times I have come up with:
- Monday: 9:35am
- Tuesday: 11:30am
- Wednesday: 12pm
- Thursday: 2:30pm (w/ 50% profit take)
- Friday: 3pm
I ran it for three days last week (Wed-Fri). It lost me $26 so far.
Interested to see how it will do for next week.