Very meh week - Weekly summary (Apr 14 - Apr 18)
The week started off great.
I was up over $800 profit after Tuesday. Should've stopped, and took the rest of the week off.
But, I couldn't resist.
Ended up losing over $600 the last couple days, and was basically breakeven in the end.
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 | 2025-04-14 | 2025-05-30 | 490 | 485 | 0.61 | 1 | 1.44 | 59.56 |
| IWM | BPS (IC) | 2025-04-15 | 2025-05-30 | 170 | 165 | 0.62 | 1 | 1.43 | 60.57 |
| IWM | BCS (IC) | 2025-04-15 | 2025-05-30 | 205 | 210 | 0.78 | 1 | 1.42 | 76.58 |
Very little non 0DTE trades last week. Just the weekly 45DTE SPY position, and monthly IWM iron condor that I'm testing out.
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 | 2025-03-03 | 2025-04-30 | 552 | 547 | 0.51 | 1 | 1.43 | 49.57 | 2025-04-14 | -2.4 | 1 | 1.46 | -191.89 |
- Closed Net Profits/Loss: -$191.89
Closed a 45DTE SPY position for a loss at 21DTE. Maybe should've held a bit longer as market seems to be rebounding, but just sticking to my rules for now.
The 45DTE strategy has been probably my worst performing strategy so far this year (thanks to the bear market). We'll see if it rebounds.
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 | 2025-04-14 | 2025-04-14 | 5275 | 5235 | 0.95 | 1 | 3.5 | 91.5 | 2025-04-14 | -2 | 1 | 3.5 | -112 |
| SPX | BPS | 2025-04-14 | 2025-04-14 | 5510 | 5580 | 0.9 | 1 | 3.21 | 86.79 | 2025-04-14 | 0 | 1 | 0 | 86.79 |
| SPX | BPS (IC) | 2025-04-14 | 2025-04-14 | 5380 | 5375 | 1.02 | 1 | 3.3 | 98.7000000000001 | 2025-04-14 | 0 | 1 | 0 | 98.7000000000001 |
| SPX | BCS (IC) | 2025-04-14 | 2025-04-14 | 5435 | 5440 | 1.13 | 1 | 3.3 | 109.7 | 2025-04-14 | 0 | 1 | 0 | 109.7 |
| SPX | BPS | 2025-04-14 | 2025-04-14 | 5405 | 5400 | 1.25 | 1 | 3.5 | 121.5 | 2025-04-14 | 0 | 1 | 0 | 121.5 |
| SPX | BPS | 2025-04-14 | 2025-04-14 | 5405 | 5400 | 1.3 | 1 | 3.5 | 126.5 | 2025-04-14 | 0 | 1 | 0 | 126.5 |
| SPX | BPS | 2025-04-14 | 2025-04-14 | 5405 | 5345 | 0.95 | 1 | 3.12 | 91.88 | 2025-04-14 | -1.95 | 1 | 1.75 | -104.87 |
| SPX | BCS | 2025-04-15 | 2025-04-15 | 5520 | 5595 | 0.85 | 1 | 3.21 | 81.79 | 2025-04-15 | -0.05 | 1 | 1.56 | 75.23 |
| SPX | BPS (IC) | 2025-04-15 | 2025-04-15 | 5385 | 5380 | 0.98 | 1 | 3.3 | 94.7000000000001 | 2025-04-15 | -0.15 | 1 | 3.12 | 76.58 |
| SPX | BCS (IC) | 2025-04-15 | 2025-04-15 | 5450 | 5455 | 1.27 | 1 | 3.3 | 123.7 | 2025-04-15 | -0.05 | 1 | 1.56 | 117.14 |
| SPX | BPS | 2025-04-15 | 2025-04-15 | 5375 | 5370 | 0.95 | 1 | 3.3 | 91.7 | 2025-04-15 | -0.05 | 1 | 1.56 | 85.14 |
| SPX | BPS | 2025-04-15 | 2025-04-15 | 5375 | 5370 | 0.9 | 1 | 3.3 | 86.7 | 2025-04-15 | -0.05 | 1 | 1.56 | 80.14 |
| SPX | BCS | 2025-04-15 | 2025-04-15 | 5410 | 5455 | 1.1 | 1 | 3.21 | 106.79 | 2025-04-15 | -0.5 | 1 | 1.66 | 55.13 |
| SPX | BCS | 2025-04-16 | 2025-04-16 | 5465 | 5520 | 0.85 | 1 | 3.21 | 81.79 | 2025-04-16 | 0 | 1 | 0 | 81.79 |
| SPX | BCS | 2025-04-16 | 2025-04-16 | 5435 | 5510 | 0.85 | 1 | 3.21 | 81.79 | 2025-04-16 | 0 | 1 | 0 | 81.79 |
| SPX | BPS (IC) | 2025-04-16 | 2025-04-16 | 5295 | 5290 | 1 | 1 | 3.3 | 96.7 | 2025-04-16 | -5 | 1 | 0 | -403.3 |
| SPX | BCS (IC) | 2025-04-16 | 2025-04-16 | 5370 | 5375 | 1.1 | 1 | 3.3 | 106.7 | 2025-04-16 | 0 | 1 | 0 | 106.7 |
| SPX | BCS | 2025-04-17 | 2025-04-17 | 5450 | 5385 | 0.85 | 1 | 3.21 | 81.79 | 2025-04-17 | -1.8 | 1 | 3.21 | -101.42 |
| SPX | BPS (IC) | 2025-04-17 | 2025-04-17 | 5300 | 5295 | 0.88 | 1 | 3.3 | 84.7 | 2025-04-17 | -5 | 1 | 0 | -415.3 |
| SPX | BCS (IC) | 2025-04-17 | 2025-04-17 | 5340 | 5345 | 1.07 | 1 | 3.3 | 103.7 | 2025-04-17 | -0.5 | 1 | 3.3 | 50.4 |
- 0DTE Closed Net Profits/Loss: $216.34
Shouldn't have traded last day.
Total Profit / Loss #
- 0DTE trades = $216.34
- Other trades = -$191.89
NET PROFIT / LOSS = $24.45
Notes, Lessons and Thoughts #
The highs and lows of option trading. Ended up basically breakeven on the week.
The pain of losing gains maybe hurts more than just losing straight up.
Weekly profit targets #
Seriously thinking of setting weekly profit targets now. This is the 2nd or 3rd (or more) time that this situation has happened to me.
So, now I'm thinking if I hit over 2% of my portfolio in profits mid-week, then I will just stop trading the rest of the week.
Right now (depending on market fluctuations), my account is maybe around $40k. So, if I'm up over $800 in profits on the week, I will just sit out the rest of the week.
Why 2 percent? Sort of arbitrary, but if I hit 2% every week, then that is literally 100% annual return, which is pretty impressive?
If my portfolio grows, then 2% every week is also technically more each week, so I'm not limiting myself too much?
One problem is that if I'm in a big drawdown, should I still limit myself to 2% profit on the week?
Or, should I make it 5%? 😅