Fantastic week - Weekly summary (Apr 21 - Apr 26)
Had a very, very good week.
Sort of makes up for last week's nothingness. Almost.
Continued tinkering with some 0DTE strategies to maximize profits. Seems to be working a bit?
Or, it was all just luck 😅
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 | 2025-04-21 | 2025-06-20 | 460 | 455 | 0.66 | 1 | 2.14 | 63.86 |
| VXX | BCS | 2025-04-21 | 2025-06-20 | 75 | 80 | 1.55 | 1 | 1.45 | 153.55 |
| SPY | BCS | 2025-04-24 | 2025-06-06 | 552 | 553 | 0.5 | 1 | 1.46 | 48.54 |
I am trading less and less non 0DTE stuff.
I did open up another short on VXX as the market seems to be recovering from its shock a couple weeks ago.
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 | 2025-03-17 | 2025-05-02 | 530 | 525 | 0.65 | 1 | 1.43 | 63.57 | 2025-04-25 | -0.78 | 1 | 1.42 | -15.85 |
| SPY | BPS | 2025-03-24 | 2025-05-16 | 538 | 533 | 0.59 | 1 | 1.43 | 57.57 | 2025-04-25 | -1.39 | 1 | 1.44 | -82.87 |
| SPY | BPS | 2025-04-08 | 2025-05-23 | 465 | 460 | 0.55 | 1 | 1.44 | 53.56 | 2025-04-23 | -0.2 | 1 | 2.12 | 31.44 |
| SPY | BPS | 2025-04-21 | 2025-06-20 | 460 | 455 | 0.66 | 1 | 2.14 | 63.86 | 2025-04-25 | -0.25 | 1 | 1.42 | 37.44 |
- Closed Net Profits/Loss: -$29.84
More losses on 45DTE SPY Strategy.
Sort of to be expected with this mini bear market we've had this year so far. It did have a couple of wins though, so maybe things are turning around soon.
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 | 2025-04-21 | 2025-04-21 | 5325 | 5375 | 0.85 | 1 | 3.21 | 81.79 | 2025-04-21 | 0 | 1 | 0 | 81.79 |
| SPX | BCS | 2025-04-21 | 2025-04-21 | 5205 | 5280 | 0.95 | 1 | 3.41 | 91.59 | 2025-04-21 | 0 | 1 | 0 | 91.59 |
| SPX | BPS (IC) | 2025-04-21 | 2025-04-21 | 5080 | 5075 | 0.9 | 1 | 3.3 | 86.7 | 2025-04-21 | 0 | 1 | 0 | 86.7 |
| SPX | BCS (IC) | 2025-04-21 | 2025-04-21 | 5130 | 5135 | 0.9 | 1 | 3.3 | 86.7 | 2025-04-21 | -5 | 1 | 0 | -413.3 |
| SPX | BPS | 2025-04-22 | 2025-04-22 | 5130 | 5060 | 0.8 | 1 | 3.21 | 76.79 | 2025-04-22 | 0 | 1 | 0 | 76.79 |
| SPX | BPS (IC) | 2025-04-22 | 2025-04-22 | 5235 | 5230 | 0.87 | 1 | 3.3 | 83.7 | 2025-04-22 | 0 | 1 | 0 | 83.7 |
| SPX | BCS (IC) | 2025-04-22 | 2025-04-22 | 5290 | 5295 | 1.28 | 1 | 3.3 | 124.7 | 2025-04-22 | 0 | 1 | 0 | 124.7 |
| SPX | BPS | 2025-04-23 | 2025-04-23 | 5280 | 5240 | 1.1 | 1 | 3.3 | 106.7 | 2025-04-23 | -2.3 | 1 | 3.3 | -126.6 |
| SPX | BPS (IC) | 2025-04-23 | 2025-04-23 | 5345 | 5340 | 1.05 | 1 | 3.3 | 101.7 | 2025-04-23 | 0 | 1 | 0 | 101.7 |
| SPX | BCS (IC) | 2025-04-23 | 2025-04-23 | 5435 | 5440 | 1.05 | 1 | 3.3 | 101.7 | 2025-04-23 | 0 | 1 | 0 | 101.7 |
| SPX | BPS | 2025-04-23 | 2025-04-23 | 5250 | 5175 | 0.9 | 1 | 3.21 | 86.79 | 2025-04-23 | 0 | 1 | 0 | 86.79 |
| SPX | BPS | 2025-04-23 | 2025-04-23 | 5365 | 5360 | 1.2 | 1 | 3.3 | 116.7 | 2025-04-23 | 0 | 1 | 0 | 116.7 |
| SPX | BCS | 2025-04-23 | 2025-04-23 | 5430 | 5500 | 0.85 | 1 | 3.21 | 81.79 | 2025-04-23 | 0 | 1 | 0 | 81.79 |
| SPX | BPS (IC) | 2025-04-24 | 2025-04-24 | 5455 | 5450 | 1 | 1 | 3.3 | 96.7 | 2025-04-24 | -0.05 | 1 | 3.12 | 88.58 |
| SPX | BCS (IC) | 2025-04-24 | 2025-04-24 | 5490 | 5495 | 0.95 | 1 | 3.3 | 91.7 | 2025-04-24 | -0.9 | 1 | 3.21 | -1.50999999999997 |
| SPX | BPS | 2025-04-24 | 2025-04-24 | 5465 | 5460 | 1.2 | 1 | 3.3 | 116.7 | 2025-04-24 | 0 | 1 | 0 | 116.7 |
| SPX | BPS | 2025-04-24 | 2025-04-24 | 5465 | 5460 | 1.2 | 1 | 3.3 | 116.7 | 2025-04-24 | 0 | 1 | 0 | 116.7 |
| SPX | BCS | 2025-04-25 | 2025-04-25 | 5560 | 5635 | 0.9 | 1 | 3.21 | 86.79 | 2025-04-25 | -1.9 | 1 | 3.21 | -106.42 |
| SPX | BPS | 2025-04-25 | 2025-04-25 | 5475 | 5470 | 1.1 | 1 | 3.3 | 106.7 | 2025-04-25 | 0 | 1 | 0 | 106.7 |
| SPX | BPS | 2025-04-25 | 2025-04-25 | 5475 | 5470 | 1.05 | 1 | 3.3 | 101.7 | 2025-04-25 | 0 | 1 | 0 | 101.7 |
| SPX | BPS | 2025-04-25 | 2025-04-25 | 5480 | 5405 | 0.9 | 1 | 3.21 | 86.79 | 2025-04-25 | 0 | 1 | 0 | 86.79 |
| SPX | BPS (IC) | 2025-04-25 | 2025-04-25 | 5500 | 5495 | 0.76 | 1 | 3.3 | 72.7 | 2025-04-25 | 0 | 1 | 0 | 72.7 |
| SPX | BCS (IC) | 2025-04-25 | 2025-04-25 | 5525 | 5530 | 1.04 | 1 | 3.3 | 100.7 | 2025-04-25 | -0.21 | 1 | 0 | 79.7 |
- 0DTE Closed Net Profits/Loss: $1155.69
Big money 💰
Testing a strategy where I double down on a credit put spread if VIX is high (i.e. VIX>25). It feels a bit too risky, but has worked out so far.
To counter the added risk, I've reduced my METF trades a bit to reduce overall portfolio risk.
Total Profit / Loss #
- 0DTE trades = $1155.69
- Other trades = -$29.84
NET PROFIT / LOSS = $1125.85
Notes, Lessons and Thoughts #
Excellent week.
Has pushed me into a strong positive position for this month.
Hopefully, it all continues next week. But, I expect some downs to go with the recent ups.
Forgot to test out another strategy I've been looking at recently -- Broken Wing Put Butterfly.
I'll try to remember next week.
Also need to write down my setup for additional 0DTE strategies I've been using.