Finally, a win - Weekly summary (Mar 10 - Mar 14)
Finally.
After four losing weeks in a row, I finally had a wining week.
Feels goooooood man.
Could've been even better if not for a stupid mistake, but I'll still take it.
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 | 2025-03-10 | 2025-04-25 | 520 | 515 | 0.58 | 1 | 1.43 | 56.57 |
| BITO | Short Put | 2025-03-10 | 2025-03-14 | 17 | 0 | 0.24 | 1 | 0.81 | 23.19 |
| PFE | Short Put | 2025-03-13 | 2025-03-21 | 25 | 0 | 0.19 | 1 | 0.64 | 18.36 |
| IWM | BPS (IC) | 2025-03-14 | 2025-05-16 | 180 | 175 | 0.51 | 1 | 1.42 | 49.58 |
| IWM | BCS (IC) | 2025-03-14 | 2025-05-16 | 224 | 229 | 0.52 | 1 | 1.42 | 50.58 |
Testing out a new monthly iron condor strategy with IWM. Iron condors tend to do well in bearish/flat markets.
Would also like to trade monthly iron condors on some other ETFs, but more research must be done first.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPY | BPS | 2025-02-18 | 2025-04-04 | 579 | 574 | 0.47 | 1 | 2.13 | 44.87 | 2025-03-13 | -3.86 | 1 | 2.19 | -343.32 |
| SPY | BCS | 2025-02-27 | 2025-04-17 | 601 | 602 | 0.51 | 1 | 1.44 | 49.56 | 2025-03-10 | -0.2 | 1 | 2.12 | 27.44 |
| SPY | BCS | 2025-03-03 | 2025-04-30 | 602 | 603 | 0.52 | 1 | 1.45 | 50.55 | 2025-03-10 | -0.2 | 1 | 2.52 | 28.03 |
| IBIT | Short Put | 2025-03-04 | 2025-03-14 | 40 | 0 | 0.25 | 1 | 0.57 | 24.43 | 2025-03-14 | 0 | 1 | 0 | 24.43 |
| BITO | Short Put | 2025-03-10 | 2025-03-14 | 17 | 0 | 0.24 | 1 | 0.81 | 23.19 | 2025-03-14 | 0 | 1 | 0 | 23.19 |
- Closed Net Profits/Loss: -$240.23
Very stupid loss on SPY. I thought it was Friday, so closed it according to my rules (i.e. 21DTE).
But, it was actually a fucking Thursday! I had one more day! Market went up on Friday, and would've saved me $100 or so. Bleehhh.
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 | BCS | 2025-03-10 | 2025-03-10 | 5775 | 5835 | 0.8 | 1 | 3.21 | 76.79 | 2025-03-10 | 0 | 1 | 0 | 76.79 |
| SPX | BPS (IC) | 2025-03-10 | 2025-03-10 | 5585 | 5580 | 0.98 | 1 | 3.3 | 94.7000000000001 | 2025-03-10 | 0 | 1 | 0 | 94.7000000000001 |
| SPX | BCS (IC) | 2025-03-10 | 2025-03-10 | 5645 | 5640 | 1.07 | 1 | 3.3 | 103.7 | 2025-03-10 | 0 | 1 | 0 | 103.7 |
| SPX | BCS | 2025-03-10 | 2025-03-10 | 5700 | 5765 | 0.85 | 1 | 3.12 | 81.88 | 2025-03-10 | 0 | 1 | 0 | 81.88 |
| SPX | BPS | 2025-03-10 | 2025-03-10 | 5575 | 5530 | 1 | 1 | 3.21 | 96.79 | 2025-03-10 | 0 | 1 | 0 | 96.79 |
| SPX | BCS | 2025-03-11 | 2025-03-11 | 5690 | 5740 | 0.95 | 1 | 3.21 | 91.79 | 2025-03-11 | -2 | 1 | 3.21 | -111.42 |
| SPX | BPS (IC) | 2025-03-11 | 2025-03-11 | 5535 | 5530 | 1.1 | 1 | 3.3 | 106.7 | 2025-03-11 | 0 | 1 | 0 | 106.7 |
| SPX | BCS (IC) | 2025-03-11 | 2025-03-11 | 5635 | 5640 | 1.1 | 1 | 3.3 | 106.7 | 2025-03-11 | 0 | 1 | 0 | 106.7 |
| SPX | BCS | 2025-03-11 | 2025-03-11 | 5620 | 5685 | 0.95 | 1 | 3.21 | 91.79 | 2025-03-11 | -2.05 | 1 | 3.21 | -116.42 |
| SPX | BCS | 2025-03-11 | 2025-03-11 | 5635 | 5670 | 1.05 | 1 | 3.21 | 101.79 | 2025-03-11 | 0 | 1 | 0 | 101.79 |
| SPX | BPS | 2025-03-12 | 2025-03-12 | 5465 | 5400 | 0.9 | 1 | 3.21 | 86.79 | 2025-03-12 | -1.85 | 1 | 3.41 | -101.62 |
| SPX | BPS (IC) | 2025-03-12 | 2025-03-12 | 5565 | 5560 | 1.2 | 1 | 3.3 | 116.7 | 2025-03-12 | 0 | 1 | 0 | 116.7 |
| SPX | BCS (IC) | 2025-03-12 | 2025-03-12 | 5635 | 5640 | 0.95 | 1 | 3.3 | 91.7 | 2025-03-12 | 0 | 1 | 0 | 91.7 |
| SPX | BPS | 2025-03-12 | 2025-03-12 | 5495 | 5430 | 1 | 1 | 3.21 | 96.79 | 2025-03-12 | 0 | 1 | 0 | 96.79 |
| SPX | BPS | 2025-03-12 | 2025-03-12 | 5565 | 5500 | 0.95 | 1 | 3.21 | 91.79 | 2025-03-12 | 0 | 1 | 0 | 91.79 |
| SPX | BCS | 2025-03-12 | 2025-03-12 | 5635 | 5640 | 1.05 | 1 | 3.3 | 101.7 | 2025-03-12 | -0.75 | 1 | 3.3 | 23.4 |
| SPX | BPS (IC) | 2025-03-13 | 2025-03-13 | 5565 | 5560 | 1.17 | 1 | 3.3 | 113.7 | 2025-03-13 | -0.55 | 1 | 0 | 58.7 |
| SPX | BCS (IC) | 2025-03-13 | 2025-03-13 | 5510 | 5515 | 0.88 | 1 | 3.3 | 84.7 | 2025-03-13 | -0.4 | 1 | 6.6 | 38.1 |
| SPX | BCS | 2025-03-13 | 2025-03-13 | 5565 | 5570 | 1.05 | 1 | 3.3 | 101.7 | 2025-03-13 | -0.75 | 1 | 3.3 | 23.4 |
| SPX | BPS | 2025-03-14 | 2025-03-14 | 5455 | 5390 | 0.85 | 1 | 3.21 | 81.79 | 2025-03-14 | 0 | 1 | 0 | 81.79 |
| SPX | BCS | 2025-03-14 | 2025-03-14 | 5665 | 5725 | 1.05 | 1 | 3.21 | 101.79 | 2025-03-14 | -2.2 | 1 | 1.75 | -119.96 |
| SPX | BPS | 2025-03-14 | 2025-03-14 | 5610 | 5565 | 1.15 | 1 | 3.21 | 111.79 | 2025-03-14 | 0 | 1 | 0 | 111.79 |
- 0DTE Closed Net Profits/Loss: $1053.79
Amazing week for 0DTE trades.
It's been a struggle the last few weeks, but it all worked out this time.
Total Profit / Loss #
- 0DTE trades = $1053.79
- Other trades = -$240.23
NET PROFIT / LOSS = $813.56
Notes, Lessons and Thoughts #
Big win for me.
Feels great after so many losing weeks in a row.
Overall market continued on its downwards spiral though. My overall portfolio worth has gone down despite my winning week, so will need to control my position sizing/risk a bit more.
Lucky #
I got pretty lucky with 0DTE last week. My new $5 iron condor strategy that I started last week won every trade it entered.
Can't expect that to happen every week.
Automation #
Automation has really helped me. I wouldn't be able to trade 0DTE without it.
I also realized that when I manually trade, I make some stupid mistakes -- like when I thought it was Friday this week, but it was actually Thursday.
I need to look into automating a bit more of my trades, especially ones like 45DTE SPY Strategy and the new monthly iron condor strategy I'm testing right now.