Bleh - Weekly summary (May 19 - May 23)
Another unprofitable week.
Started off well, then ate sh*t on Wednesday thanks to some poor bond sale or something that I don't really understand.
Seems like the market overreacts to any small news these days.
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 | BWPC – Credit | 2025-05-19 | 2025-06-06 | 575 | 570 | -2.51 | 1 | 1.42 | -252.42 |
| SPY | BWPC – Debit | 2025-05-19 | 2025-06-06 | 589 | 590 | -0.36 | 1 | 1.42 | -37.42 |
| SPY | BPS | 2025-05-19 | 2025-06-30 | 557 | 552 | 0.53 | 1 | 2.12 | 50.88 |
| MSFT | BPS | 2025-05-19 | 2025-08-15 | 400 | 390 | 0.95 | 1 | 1.42 | 93.58 |
| V | BPS | 2025-05-19 | 2025-08-15 | 325 | 315 | 0.9 | 1 | 2.12 | 87.88 |
| COST | BPS | 2025-05-21 | 2025-08-15 | 915 | 905 | 1.25 | 1 | 1.42 | 123.58 |
| PG | BPS | 2025-05-21 | 2025-08-15 | 150 | 145 | 0.52 | 2 | 1.48 | 102.52 |
| IBIT | BPS (IC) | 2025-05-22 | 2025-06-27 | 58.5 | 57.5 | 0.28 | 1 | 1.42 | 26.58 |
| IBIT | BCS (IC) | 2025-05-22 | 2025-06-27 | 69 | 70 | 0.22 | 1 | 1.42 | 20.58 |
| SPY | BCS | 2025-05-22 | 2025-07-03 | 589 | 591 | 1.05 | 1 | 2.12 | 102.88 |
| BITO | Covered Call | 2025-05-22 | 2025-06-06 | 25 | 0 | 0.3 | 1 | 0.71 | 29.29 |
| BITO | Covered Call | 2025-05-22 | 2025-06-20 | 26 | 0 | 0.32 | 1 | 0.78 | 31.22 |
| SPY | BCS | 2025-05-23 | 2025-06-27 | 587 | 589 | 0.96 | 1 | 1.42 | 94.58 |
| SPY | BWB – Bull Put | 2025-05-23 | 2025-06-13 | 563 | 557 | 1.22 | 1 | 1.43 | 120.57 |
| SPY | BWB – Bear Put | 2025-05-23 | 2025-06-13 | 563 | 566 | -0.739999999999999 | 1 | 1.43 | -75.4299999999999 |
| UNG | Short Put | 2025-05-23 | 2025-06-06 | 15 | 0 | 0.18 | 1 | 0.78 | 17.22 |
Tried to trade a broken wing condor for the first time according to this datadrivenoptions post, but screwed up my entry by accidentally closing a leg of the broken wing butterfly that I entered earlier.
Was a big mess, so I just closed everything for a loss.
Entered bunch of new positions for long term trend strategy. Should've waited a couple more days, because the market dropped and I would've got way better entries by waiting.
Sigh.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PG | BPS | 2025-03-24 | 2025-06-20 | 150 | 145 | 0.44 | 2 | 2.6 | 85.4 | 2025-05-19 | -0.2 | 2 | 1.44 | 43.96 |
| SPY | BCS | 2025-04-04 | 2025-05-23 | 525 | 527 | 0.99 | 1 | 1.47 | 97.53 | 2025-05-23 | -2 | 1 | 0 | -102.47 |
| IWM | BCS | 2025-04-09 | 2025-05-23 | 179 | 181 | 0.92 | 1 | 2.14 | 89.86 | 2025-05-23 | -2 | 1 | 0 | -110.14 |
| SPY | BCS | 2025-04-09 | 2025-05-23 | 547 | 550 | 0.75 | 1 | 2.13 | 72.87 | 2025-05-23 | -3 | 1 | 0 | -227.13 |
| IWM | BPS (IC) | 2025-04-15 | 2025-05-30 | 170 | 165 | 0.62 | 1 | 1.43 | 60.57 | 2025-05-22 | -0.02 | 1 | 1.42 | 57.15 |
| IWM | BCS (IC) | 2025-04-15 | 2025-05-30 | 205 | 210 | 0.78 | 1 | 1.42 | 76.58 | 2025-05-22 | -1.35 | 1 | 1.42 | -59.84 |
| VXX | BCS | 2025-04-21 | 2025-06-20 | 75 | 80 | 1.55 | 1 | 1.45 | 153.55 | 2025-05-20 | -0.23 | 1 | 1.42 | 129.13 |
- Closed Net Profits/Loss: -$269.34
Not a good week for non-0DTE, thanks to bunch of bearish positions taken last month expiring in the money. Thinking I should've rolled them earlier. Next time I'll be more proactive.
0DTE + 1DTE 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 (IF) | 2025-05-16 | 2025-05-19 | 5930 | 5920 | 5.05 | 1 | 3.3 | 501.7 | 2025-05-19 | 0 | 1 | 0 | 501.7 |
| SPX | BCS (IF) | 2025-05-16 | 2025-05-19 | 5930 | 5935 | 2.4 | 1 | 3.3 | 236.7 | 2025-05-19 | -5 | 1 | 0 | -263.3 |
| SPX | BPS | 2025-05-19 | 2025-05-19 | 5880 | 5810 | 0.75 | 1 | 3.12 | 71.88 | 2025-05-19 | 0 | 1 | 0 | 71.88 |
| SPX | BPS | 2025-05-19 | 2025-05-19 | 5925 | 5850 | 0.9 | 1 | 3.21 | 86.79 | 2025-05-19 | 0 | 1 | 0 | 86.79 |
| SPX | BPS (IC) | 2025-05-19 | 2025-05-19 | 5945 | 5940 | 0.78 | 1 | 3.3 | 74.7 | 2025-05-19 | 0 | 1 | 0 | 74.7 |
| SPX | BCS (IC) | 2025-05-19 | 2025-05-19 | 5965 | 5970 | 1.27 | 1 | 3.3 | 123.7 | 2025-05-19 | 0 | 1 | 0 | 123.7 |
| SPX | BCS | 2025-05-19 | 2025-05-19 | 5960 | 6000 | 0.95 | 1 | 3.12 | 91.88 | 2025-05-19 | -2.9 | 1 | 1.75 | -199.87 |
| SPX | BPS (IF) | 2025-05-20 | 2025-05-21 | 5950 | 5940 | 4.85 | 1 | 3.3 | 481.7 | 2025-05-21 | -10 | 1 | 0 | -518.3 |
| SPX | BCS (IF) | 2025-05-20 | 2025-05-21 | 5950 | 5955 | 2.25 | 1 | 3.3 | 221.7 | 2025-05-21 | 0 | 1 | 0 | 221.7 |
| SPX | BPS | 2025-05-20 | 2025-05-20 | 5905 | 5830 | 0.95 | 1 | 3.21 | 91.79 | 2025-05-20 | -2 | 1 | 3.21 | -111.42 |
| SPX | BPS (IC) | 2025-05-20 | 2025-05-20 | 5925 | 5920 | 1.01 | 1 | 3.3 | 97.7 | 2025-05-20 | 0 | 1 | 0 | 97.7 |
| SPX | BCS (IC) | 2025-05-20 | 2025-05-20 | 5965 | 5970 | 0.89 | 1 | 3.3 | 85.7 | 2025-05-20 | 0 | 1 | 0 | 85.7 |
| SPX | BPS | 2025-05-20 | 2025-05-20 | 5935 | 5930 | 1.15 | 1 | 3.5 | 111.5 | 2025-05-20 | 0 | 1 | 0 | 111.5 |
| SPX | BPS | 2025-05-20 | 2025-05-20 | 5925 | 5860 | 1.1 | 1 | 3.21 | 106.79 | 2025-05-20 | -2.3 | 1 | 3.21 | -126.42 |
| SPX | BCS | 2025-05-20 | 2025-05-20 | 5955 | 5960 | 0.85 | 1 | 3.3 | 81.7 | 2025-05-20 | 0 | 1 | 0 | 81.7 |
| SPX | BPS (IF) | 2025-05-21 | 2025-05-22 | 5915 | 5905 | 4.6 | 1 | 3.3 | 456.7 | 2025-05-22 | -10 | 1 | 0 | -543.3 |
| SPX | BCS (IF) | 2025-05-21 | 2025-05-22 | 5920 | 5925 | 2.25 | 1 | 3.5 | 221.5 | 2025-05-22 | 0 | 1 | 0 | 221.5 |
| SPX | BPS | 2025-05-21 | 2025-05-21 | 5885 | 5825 | 1.05 | 1 | 3.21 | 101.79 | 2025-05-21 | -2.3 | 1 | 3.21 | -131.42 |
| SPX | BPS (IC) | 2025-05-21 | 2025-05-21 | 5915 | 5910 | 1.1 | 1 | 3.3 | 106.7 | 2025-05-21 | -5 | 1 | 0 | -393.3 |
| SPX | BCS (IC) | 2025-05-21 | 2025-05-21 | 5940 | 5945 | 1.55 | 1 | 3.3 | 151.7 | 2025-05-21 | 0 | 1 | 0 | 151.7 |
| SPX | BCS | 2025-05-21 | 2025-05-21 | 5960 | 6020 | 1.1 | 1 | 3.21 | 106.79 | 2025-05-21 | 0 | 1 | 0 | 106.79 |
| SPX | BCS | 2025-05-21 | 2025-05-21 | 5900 | 5965 | 1.2 | 1 | 3.21 | 116.79 | 2025-05-21 | 0 | 1 | 0 | 116.79 |
| SPX | BPS (IC) | 2025-05-22 | 2025-05-22 | 5855 | 5850 | 1 | 1 | 3.3 | 96.7 | 2025-05-22 | -0.74 | 1 | 3.12 | 19.58 |
| SPX | BCS (IC) | 2025-05-22 | 2025-05-22 | 5880 | 5885 | 0.95 | 1 | 3.3 | 91.7 | 2025-05-22 | -0.21 | 1 | 3.21 | 67.49 |
| SPX | BCS | 2025-05-23 | 2025-05-23 | 5875 | 5950 | 0.8 | 1 | 3.12 | 76.88 | 2025-05-23 | 0 | 1 | 0 | 76.88 |
| SPX | BPS | 2025-05-23 | 2025-05-23 | 5725 | 5650 | 1 | 1 | 3.21 | 96.79 | 2025-05-23 | 0 | 1 | 0 | 96.79 |
| SPX | BCS | 2025-05-23 | 2025-05-23 | 5840 | 5900 | 1.05 | 1 | 3.21 | 101.79 | 2025-05-23 | 0 | 1 | 0 | 101.79 |
| SPX | BPS (IC) | 2025-05-23 | 2025-05-23 | 5805 | 5800 | 0.7 | 1 | 3.3 | 66.7 | 2025-05-23 | -2.18 | 1 | 0 | -151.3 |
| SPX | BCS (IC) | 2025-05-23 | 2025-05-23 | 5830 | 5835 | 1.15 | 1 | 3.3 | 111.7 | 2025-05-23 | 0 | 1 | 0 | 111.7 |
| SPX | BCS | 2025-05-23 | 2025-05-23 | 5830 | 5835 | 0.65 | 1 | 3.3 | 61.7 | 2025-05-23 | 0 | 1 | 0 | 61.7 |
- 0DTE Closed Net Profits/Loss: $151.15
Scraped out a win with 0DTE + 1DTE trades.
Got destroyed on Wednesday after the market suddenly plummeted thanks to some bond auction?
Otherwise, would've been a pretty good week
Total Profit / Loss #
- 0DTE trades = $151.15
- Other trades = -$269.34
NET PROFIT / LOSS = -$118.19
Notes, Lessons and Thoughts #
Another small losing week.
Was kind of expecting it though with all my bear positions taken last month expiring.
This month's been pretty tough making money.
Market seems to be getting more volatile recently, so perhaps some extra premium going to be out there for the taking next week.
Maybe next week can salvage the month.