Solid week - Weekly summary (Mar 17 - Mar 21)
A solid week.
It could've been a FANTASTIC week if I had just stopped trading after Wednesday.
But I did not.
Gave a ton back on the last two trading days.
Makes me think I should stop trading if I hit a certain profit target.
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 | 2025-03-17 | 2025-05-02 | 530 | 525 | 0.65 | 1 | 1.43 | 63.57 |
| KMI | Covered Call | 2025-03-18 | 2025-03-07 | 28 | 0 | 0.22 | 1 | 1.06 | 20.94 |
| SPY | BCS | 2025-03-19 | 2025-04-17 | 569 | 571 | 1.11 | 1 | 2.16 | 108.84 |
Was a busy week for me (outside of trading), so not many new positions opened.
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 | 2025-01-13 | 2025-03-21 | 85 | 86 | 0.53 | 1 | 1.41 | 51.59 | 2025-03-21 | -0.2 | 1 | 1.42 | 30.17 |
| QQQ | BCS | 2025-03-05 | 2025-04-17 | 500 | 501 | 0.54 | 1 | 1.46 | 52.54 | 2025-03-18 | -0.2 | 1 | 1.43 | 31.11 |
- Closed Net Profits/Loss: $61.28
Couple of small trade ideas closed. Looking to increase size on these kind of trades in the future.
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 | 2025-03-17 | 2025-03-17 | 5595 | 5525 | 0.85 | 1 | 3.21 | 81.79 | 2025-03-17 | 0 | 1 | 0 | 81.79 |
| SPX | BPS (IC) | 2025-03-17 | 2025-03-17 | 5665 | 5660 | 0.73 | 1 | 3.3 | 69.7 | 2025-03-17 | 0 | 1 | 0 | 69.7 |
| SPX | BCS (IC) | 2025-03-17 | 2025-03-17 | 5695 | 5700 | 1.17 | 1 | 3.3 | 113.7 | 2025-03-17 | 0 | 1 | 0 | 113.7 |
| SPX | BPS | 2025-03-17 | 2025-03-17 | 5655 | 5590 | 0.85 | 1 | 3.12 | 81.88 | 2025-03-17 | 0 | 1 | 0 | 81.88 |
| SPX | BCS | 2025-03-17 | 2025-03-17 | 5705 | 5710 | 1 | 1 | 3.3 | 96.7 | 2025-03-17 | -0.75 | 1 | 3.21 | 18.49 |
| SPX | BCS | 2025-03-17 | 2025-03-17 | 5705 | 5735 | 0.85 | 1 | 3.12 | 81.88 | 2025-03-17 | 0 | 1 | 0 | 81.88 |
| SPX | BCS | 2025-03-18 | 2025-03-18 | 5700 | 5765 | 0.85 | 1 | 3.12 | 81.88 | 2025-03-18 | 0 | 1 | 0 | 81.88 |
| SPX | BPS (IC) | 2025-03-18 | 2025-03-18 | 5575 | 5570 | 0.98 | 1 | 3.3 | 94.7000000000001 | 2025-03-18 | 0 | 1 | 0 | 94.7000000000001 |
| SPX | BCS (IC) | 2025-03-18 | 2025-03-18 | 5635 | 5640 | 1.07 | 1 | 3.3 | 103.7 | 2025-03-18 | 0 | 1 | 0 | 103.7 |
| SPX | BPS | 2025-03-18 | 2025-03-18 | 5555 | 5490 | 0.95 | 1 | 3.21 | 91.79 | 2025-03-18 | 0 | 1 | 0 | 91.79 |
| SPX | BCS | 2025-03-18 | 2025-03-18 | 5635 | 5640 | 0.75 | 1 | 3.3 | 71.7 | 2025-03-18 | -0.55 | 1 | 3.3 | 13.4 |
| SPX | BPS | 2025-03-18 | 2025-03-18 | 5625 | 5655 | 1 | 1 | 3.21 | 96.79 | 2025-03-18 | 0 | 1 | 0 | 96.79 |
| SPX | BPS | 2025-03-19 | 2025-03-19 | 5505 | 5445 | 0.9 | 1 | 3.21 | 86.79 | 2025-03-19 | 0 | 1 | 0 | 86.79 |
| SPX | BPS (IC) | 2025-03-19 | 2025-03-19 | 5625 | 5620 | 0.87 | 1 | 3.3 | 83.7 | 2025-03-19 | 0 | 1 | 0 | 83.7 |
| SPX | BCS (IC) | 2025-03-19 | 2025-03-19 | 5700 | 5705 | 1.23 | 1 | 3.3 | 119.7 | 2025-03-19 | 0 | 1 | 0 | 119.7 |
| SPX | BCS | 2025-03-19 | 2025-03-19 | 5735 | 5795 | 1 | 1 | 3.21 | 96.79 | 2025-03-19 | -2.05 | 1 | 3.3 | -111.51 |
| SPX | BPS | 2025-03-19 | 2025-03-19 | 5605 | 5535 | 0.9 | 1 | 3.21 | 86.79 | 2025-03-19 | 0 | 1 | 0 | 86.79 |
| SPX | BCS | 2025-03-19 | 2025-03-19 | 5710 | 5715 | 1.05 | 1 | 3.3 | 101.7 | 2025-03-19 | -0.75 | 1 | 3.3 | 23.4 |
| SPX | BPS (IC) | 2025-03-20 | 2025-03-20 | 5625 | 5620 | 0.86 | 1 | 3.3 | 82.7 | 2025-03-20 | -0.4 | 1 | 3.3 | 39.4 |
| SPX | BCS (IC) | 2025-03-20 | 2025-03-20 | 5660 | 5665 | 1.09 | 1 | 3.3 | 105.7 | 2025-03-20 | -2.89 | 1 | 0 | -183.3 |
| SPX | BCS | 2025-03-20 | 2025-03-20 | 5670 | 5675 | 1 | 1 | 3.3 | 96.7 | 2025-03-20 | -0.75 | 1 | 3.3 | 18.4 |
| SPX | BCS | 2025-03-21 | 2025-03-21 | 5695 | 5765 | 1 | 1 | 3.41 | 96.59 | 2025-03-21 | -2.05 | 1 | 1.65 | -110.06 |
| SPX | BPS | 2025-03-21 | 2025-03-21 | 5575 | 5505 | 1.05 | 1 | 3.41 | 101.59 | 2025-03-21 | 0 | 1 | 0 | 101.59 |
| SPX | BCS | 2025-03-21 | 2025-03-21 | 5660 | 5665 | 1 | 1 | 3.3 | 96.7 | 2025-03-21 | -0.75 | 1 | 3.3 | 18.4 |
| SPX | BCS | 2025-03-21 | 2025-03-21 | 5665 | 5705 | 0.9 | 1 | 3.12 | 86.88 | 2025-03-21 | -2 | 1 | 1.75 | -114.87 |
| SPX | BPS (IC) | 2025-03-21 | 2025-03-21 | 5630 | 5625 | 0.88 | 1 | 3.3 | 84.7 | 2025-03-21 | 0 | 1 | 0 | 84.7 |
| SPX | BCS (IC) | 2025-03-21 | 2025-03-21 | 5650 | 5655 | 1.02 | 1 | 3.3 | 98.7 | 2025-03-21 | -5 | 1 | 0 | -401.3 |
- 0DTE Closed Net Profits/Loss: $671.53
Good week for 0DTE trades.
If I didn't trade the last two days, would've made around $1200. Oh well.
Was swingin' for the fences.
Total Profit / Loss #
- 0DTE trades = $671.53
- Other trades = $61.28
NET PROFIT / LOSS = $732.81
Notes, Lessons and Thoughts #
Two winning weeks in a row. Woohoo.
0DTE has been doing really well recently.
I know it won't continue forever, but it's nice when it works.
Makes you feel like all the research was worthwhile.
Profit Target #
Was thinking if I should set a weekly profit target for myself. Like, if I'm up $1000 on the week, I just turn off everything until next week.
If I did, not sure what my target should be, or how I should determine it.
Like, if I do OK this week, but then really bad next week, should my profit target increase for the following week to make up for it?
Or should I just set an arbitrary round number that looks good... like $1000?
The thing is, if I just stop trading mid week, I potentially give up even more profits that could offset poor weeks in the future.
Hmmm. Something to think about.