Saved by the Fly - Weekly summary (July 14 - July 18)
First winning week this month.
Woohoo!
Big win on 1DTE ironfly trade helped make it a good week. First time the trade won more than its minimum profit potential.
My other trades were all over the place, so lucky I still decided to test out the fly strategy.
Market continues booming despite wars and tariffs and everything else bad happening in the world.
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 | 2025-07-14 | 2025-08-29 | 588 | 583 | 4.08 | 1 | 1.26 | 406.74 |
| SPY | BPS | 2025-07-14 | 2025-08-29 | 589 | 584 | 0.5 | 1 | 2.11 | 47.89 |
| QQQ | BCS | 2025-07-15 | 2025-08-29 | 565 | 567 | 1.01 | 1 | 2.12 | 98.88 |
| TLT | BPS (IC) | 2025-07-15 | 2025-08-29 | 80 | 75 | 0.26 | 1 | 2.11 | 23.89 |
| TLT | BCS (IC) | 2025-07-15 | 2025-08-29 | 90 | 95 | 0.22 | 1 | 2.11 | 19.89 |
| MSFT | BPS | 2025-07-16 | 2025-10-17 | 445 | 430 | 1.47 | 1 | 1.41 | 145.59 |
| SPY | Put Calendar (short) | 2025-07-16 | 2025-07-25 | 608 | 0 | 1.21 | 1 | 1.55 | 119.45 |
| SPY | Put Calendar (long) | 2025-07-16 | 2025-07-28 | 0 | 608 | -1.5 | 1 | 1.55 | -151.55 |
| SPY | Call Calendar (Short leg) | 2025-07-16 | 2025-07-25 | 636 | 0 | 0.75 | 1 | 1.54 | 73.46 |
| SPY | Call Calendar (Long leg) | 2025-07-16 | 2025-07-28 | 0 | 636 | -1.01 | 1 | 1.54 | -102.54 |
| IWM | BPS (IC) | 2025-07-17 | 2025-08-29 | 200 | 195 | 0.32 | 1 | 1.41 | 30.59 |
| IWM | BCS (IC) | 2025-07-17 | 2025-08-29 | 245 | 250 | 0.35 | 1 | 1.41 | 33.59 |
Whole bunch of random trades.
"Double calendar" trade on SPY again. My 3rd attempt, I think?
It hasn't made money at all yet, not sure how many more times I should be testing it. Probably should do more research to understand it a bit better.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IAU | Long Call | 2025-05-06 | 2025-07-18 | 0 | 75 | -0.32 | 1 | 1.06 | -33.06 | 2025-07-18 | 0 | 1 | 0 | -33.06 |
| XLF | Put Debit Spread | 2025-05-09 | 2025-07-18 | 49 | 50 | -0.38 | 1 | 2.13 | -40.13 | 2025-07-18 | 0 | 1 | 0 | -40.13 |
| QQQ | BCS | 2025-06-04 | 2025-07-18 | 537 | 539 | 0.95 | 1 | 2 | 93 | 2025-07-18 | -2 | 1 | 0 | -107 |
| SLV | BPS (IB) | 2025-06-06 | 2025-07-18 | 32 | 29 | 0.71 | 1 | 1.42 | 69.58 | 2025-07-18 | 0 | 1 | 0 | 69.58 |
| SLV | BCS (IB) | 2025-06-06 | 2025-07-18 | 32 | 35 | 1.11 | 1 | 1.42 | 109.58 | 2025-07-18 | -3.285 | 1 | 1 | -219.92 |
| SPY | BCS | 2025-06-06 | 2025-07-18 | 599 | 601 | 1.18 | 1 | 1.42 | 116.58 | 2025-07-18 | -2 | 1 | 0 | -83.42 |
| SPY | Put Calendar (short) | 2025-07-09 | 2025-07-18 | 604 | 0 | 0.64 | 1 | 1.55 | 62.45 | 2025-07-16 | 0.2 | 1 | 1.53 | 80.92 |
| SPY | Put Calendar (long) | 2025-07-09 | 2025-07-21 | 0 | 604 | -0.84 | 1 | 1.55 | -85.55 | 2025-07-16 | -0.12 | 1 | 1.52 | -99.07 |
| SPY | Call Calendar (Short leg) | 2025-07-09 | 2025-07-18 | 636 | 0 | 0.57 | 1 | 1.54 | 55.46 | 2025-07-16 | 0.12 | 1 | 1.53 | 65.93 |
| SPY | Call Calendar (Long leg) | 2025-07-09 | 2025-07-21 | 0 | 636 | -0.79 | 1 | 1.54 | -80.54 | 2025-07-16 | -0.06 | 1 | 1.52 | -88.06 |
| SPY | BPS | 2025-07-14 | 2025-08-29 | 588 | 583 | 4.08 | 1 | 1.26 | 406.74 | 2025-07-14 | -3.95 | 1 | 1.05 | 10.69 |
| BITO | Long | 2025-01-31 | - | 0 | 25.465 | -25.465 | 1 | 1 | -2547.5 | 2025-07-18 | 0 | 0 | 0 | -2547.5 |
| BITO | Dividend | 2025-02-07 | - | 0 | 0 | 0.9 | 1 | 0 | 90 | 2025-07-18 | 0 | 0 | 0 | 90 |
| BITO | Dividend | 2025-03-07 | - | 0 | 0 | 0.7 | 1 | 0 | 70 | 2025-07-18 | 0 | 0 | 0 | 70 |
| BITO | Dividend | 2025-04-07 | - | 0 | 0 | 0.36 | 1 | 0 | 36 | 2025-07-18 | 0 | 0 | 0 | 36 |
| BITO | Dividend | 2025-05-08 | - | 0 | 0 | 0.54 | 1 | 0 | 54 | 2025-07-18 | 0 | 0 | 0 | 54 |
| BITO | Dividend | 2025-06-06 | - | 0 | 0 | 0.99 | 1 | 0 | 99 | 2025-07-18 | 0 | 0 | 0 | 99 |
| BITO | Dividend | 2025-07-09 | - | 0 | 0 | 0.77 | 1 | 0 | 77 | 2025-07-18 | 0 | 0 | 0 | 77 |
| BITO | Covered Call | 2025-07-10 | 2025-07-18 | 22.5 | 0 | 0.2 | 1 | 1.06 | 18.94 | 2025-07-18 | 22.5 | 1 | 0 | 2268.94 |
- Closed Net Profits/Loss: -$296.10
Stupid loss on SLV trade. No idea why I entered it, was not part of any strategy; I just randomly felt like it. Never trust my gut hahah.
Finally closed a BITO long / dividend play. Bitcoin hit an all time high, but BITO has not. Very disappointed with its performance. It has not really followed the price of bitcoin at all.
Should've put it all into IBIT instead. Would have done super well. Trying to get out of the rest of my positions in BITO soon.
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) | 2025-07-11 | 2025-07-14 | 6270 | 6260 | 4.85 | 1 | 3.29 | 481.71 | 2025-07-14 | -1.44 | 1 | 0 | 337.71 |
| SPX | BCS (IF) | 2025-07-11 | 2025-07-14 | 6270 | 6275 | 2.2 | 1 | 3.29 | 216.71 | 2025-07-14 | 0 | 1 | 0 | 216.71 |
| SPX | BPS | 2025-07-14 | 2025-07-14 | 6230 | 6160 | 1.05 | 1 | 3.2 | 101.8 | 2025-07-14 | 0 | 1 | 0 | 101.8 |
| SPX | BPS | 2025-07-14 | 2025-07-14 | 6245 | 6185 | 0.85 | 1 | 3.11 | 81.89 | 2025-07-14 | 0 | 1 | 0 | 81.89 |
| SPX | BCS | 2025-07-15 | 2025-07-15 | 6305 | 6350 | 1.2 | 1 | 3.2 | 116.8 | 2025-07-15 | 0 | 1 | 0 | 116.8 |
| SPX | BCS | 2025-07-15 | 2025-07-15 | 6295 | 6340 | 1.2 | 1 | 3.2 | 116.8 | 2025-07-15 | 0 | 1 | 0 | 116.8 |
| SPX | BPS (IC) | 2025-07-15 | 2025-07-15 | 6245 | 6240 | 0.49 | 1 | 3.3 | 45.7 | 2025-07-15 | -1.24 | 1 | 0 | -78.3 |
| SPX | BCS (IC) | 2025-07-15 | 2025-07-15 | 6285 | 6290 | 0.96 | 1 | 3.3 | 92.7 | 2025-07-15 | 0 | 1 | 0 | 92.7 |
| SPX | BPS | 2025-07-15 | 2025-07-15 | 6235 | 6170 | 0.95 | 1 | 3.2 | 91.8 | 2025-07-15 | -2.1 | 1 | 3.2 | -121.4 |
| SPX | BPS | 2025-07-15 | 2025-07-15 | 6245 | 6240 | 0.95 | 1 | 3.29 | 91.71 | 2025-07-15 | -1.24 | 1 | 0 | -32.29 |
| SPX | BPS | 2025-07-15 | 2025-07-15 | 6250 | 6190 | 0.9 | 1 | 3.2 | 86.8 | 2025-07-15 | -2.05 | 1 | 3.4 | -121.6 |
| SPX | BPS (IF) | 2025-07-16 | 2025-07-17 | 6255 | 6245 | 4.9 | 1 | 3.49 | 486.51 | 2025-07-17 | 0 | 1 | 0 | 486.51 |
| SPX | BCS (IF) | 2025-07-16 | 2025-07-17 | 6255 | 6260 | 2.2 | 1 | 3.29 | 216.71 | 2025-07-17 | -5 | 1 | 0 | -283.29 |
| SPX | BCS | 2025-07-16 | 2025-07-16 | 6265 | 6330 | 0.95 | 1 | 3.2 | 91.8 | 2025-07-16 | -2 | 1 | 1.65 | -109.85 |
| SPX | BPS (IC) | 2025-07-16 | 2025-07-16 | 6220 | 6215 | 0.94 | 1 | 3.3 | 90.7 | 2025-07-16 | 0 | 1 | 0 | 90.7 |
| SPX | BCS (IC) | 2025-07-16 | 2025-07-16 | 6255 | 6260 | 1.21 | 1 | 3.3 | 117.7 | 2025-07-16 | -5 | 1 | 0 | -382.3 |
| SPX | BPS | 2025-07-16 | 2025-07-16 | 6200 | 6125 | 1.05 | 1 | 3.2 | 101.8 | 2025-07-16 | 0 | 1 | 0 | 101.8 |
| SPX | BPS | 2025-07-16 | 2025-07-16 | 6240 | 6195 | 1.25 | 1 | 3.2 | 121.8 | 2025-07-16 | 0 | 1 | 0 | 121.8 |
| SPX | BPS | 2025-07-17 | 2025-07-17 | 6265 | 6190 | 1 | 1 | 3.2 | 96.8 | 2025-07-17 | 0 | 1 | 0 | 96.8 |
| SPX | BPS | 2025-07-17 | 2025-07-17 | 6285 | 6210 | 1.05 | 1 | 3.2 | 101.8 | 2025-07-17 | 0 | 1 | 0 | 101.8 |
| SPX | BPS (IC) | 2025-07-17 | 2025-07-17 | 6295 | 6290 | 1.05 | 1 | 3.3 | 101.7 | 2025-07-17 | 0 | 1 | 0 | 101.7 |
| SPX | BCS (IC) | 2025-07-17 | 2025-07-17 | 6305 | 6310 | 1 | 1 | 3.21 | 96.79 | 2025-07-17 | 0 | 1 | 0 | 96.79 |
| SPX | BPS | 2025-07-18 | 2025-07-18 | 6275 | 6210 | 0.85 | 1 | 3.11 | 81.89 | 2025-07-18 | -1.7 | 1 | 3.4 | -91.51 |
| SPX | BPS | 2025-07-18 | 2025-07-18 | 6275 | 6215 | 0.95 | 1 | 3.2 | 91.8 | 2025-07-18 | 0 | 1 | 0 | 91.8 |
| SPX | BPS | 2025-07-18 | 2025-07-18 | 6285 | 6235 | 0.9 | 1 | 3.4 | 86.6 | 2025-07-18 | 0 | 1 | 0 | 86.6 |
- 0DTE/1DTE Closed Net Profits/Loss: $1220.17
Good week for 0DTE/1DTE trades.
Most of the profits ($750+) came from the 1DTE Ironfly trade I've been testing over the past couple months. The Fri->Mon trade hit for over $500.
Total Profit / Loss #
- 0DTE/1DTE trades = $1220.17
- Other trades = -$296.10
NET PROFIT / LOSS = $924.07
Notes, Lessons and Thoughts #
First winning week in awhile.
Feels nice.
The 1dte fly strategy killed it this week. I had almost given up on it because it wasn't making any money after 2 months of testing.
I guess that's the good thing of running multiple strategies at once -- when one isn't working, you still have a chance to make money with another.
Meanwhile, my Option Alpha "Trade Ideas" strategy is stinking it up. It was doing OK up until around the beginning of April, but has just been losing since. I think I'll make a decision once it hits 100 closed trades.
Hopefully second half of July can continue to be profitable.