Lucky 7s - Weekly summary (July 21 - July 25)
Another good week.
Second profitable week in a row.
1DTE trades has been super profitable for me recently.
Did I just jinx it for next week?
Probably.
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 |
|---|---|---|---|---|---|---|---|---|---|
| T | Covered Call | 2025-07-21 | 2025-07-25 | 28 | 0 | 0.31 | 1 | 1.46 | 29.54 |
| SPY | BCS | 2025-07-23 | 2025-09-30 | 640 | 642 | 1.07 | 1 | 2.12 | 104.88 |
| VIX | Long Call | 2025-07-25 | 2025-11-18 | 0 | 60 | 0.5 | 1 | 1.31 | 48.69 |
| SPY | BCS | 2025-07-25 | 2025-09-05 | 642 | 644 | 1.03 | 1 | 2.12 | 100.88 |
Not much non-0dte stuff. Forgot to enter a couple of weekly trades this week.
Market is crazy extended right now, so took another VIX hedge position. Probably should've increased the size on it.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IWM | BPS (IC) | 2025-06-18 | 2025-08-01 | 185 | 175 | 0.48 | 1 | 1.42 | 46.58 | 2025-07-25 | -0.01 | 1 | 1.41 | 44.17 |
| IWM | BCS (IC) | 2025-06-18 | 2025-08-01 | 233 | 240 | 0.34 | 1 | 1.42 | 32.58 | 2025-07-25 | -0.29 | 1 | 1.41 | 2.16999999999999 |
| SPY | BPS | 2025-07-07 | 2025-08-29 | 583 | 578 | 0.51 | 1 | 1.41 | 49.59 | 2025-07-24 | -0.2 | 1 | 2.11 | 0 |
| T | Diagonal Spread (Short Leg) | 2025-07-07 | 2025-08-15 | 28 | 0 | 0.94 | 1 | 1.06 | 92.94 | 2025-07-25 | -0.44 | 1 | 0.7 | 48.24 |
| T | Diagonal Spread (Long Leg) | 2025-07-07 | 2025-09-19 | 0 | 26 | -0.54 | 1 | 1.05 | -55.05 | 2025-07-25 | 0.24 | 1 | 0.71 | -31.76 |
| SPY | BWB – Bull Put | 2025-07-11 | 2025-08-01 | 613 | 607 | 1.11 | 1 | 1.61 | 109.39 | 2025-07-23 | -0.38 | 1 | 1.765 | 69.625 |
| SPY | BWB – Bear Put | 2025-07-11 | 2025-08-01 | 613 | 616 | -0.74 | 1 | 0.91 | -74.91 | 2025-07-23 | 0.28 | 1 | 1.765 | -48.675 |
| SPY | Put Calendar (short) | 2025-07-16 | 2025-07-25 | 608 | 0 | 1.21 | 1 | 1.55 | 119.45 | 2025-07-23 | -0.07 | 1 | 1.06 | 111.39 |
| SPY | Put Calendar (long) | 2025-07-16 | 2025-07-28 | 0 | 608 | -1.5 | 1 | 1.55 | -151.55 | 2025-07-23 | 0.1 | 1 | 1.06 | -142.61 |
| SPY | Call Calendar (Short leg) | 2025-07-16 | 2025-07-25 | 636 | 0 | 0.75 | 1 | 1.54 | 73.46 | 2025-07-23 | -0.47 | 1 | 1.05 | 25.41 |
| SPY | Call Calendar (Long leg) | 2025-07-16 | 2025-07-28 | 0 | 636 | -1.01 | 1 | 1.54 | -102.54 | 2025-07-23 | 0.81 | 1 | 1.05 | -22.59 |
- Closed Net Profits/Loss: $55.37
Another failed double calendar trade. I need to try to actually backtest it instead of randomly trading.
Market volatility is decreasing each week, so that's one reason it's not making money so far.
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) | 2025-07-18 | 2025-07-21 | 6300 | 6290 | 4.4 | 1 | 3.49 | 436.51 | 2025-07-21 | 0 | 1 | 0 | 436.51 |
| SPX | BCS (IF) | 2025-07-18 | 2025-07-21 | 6305 | 6310 | 2.2 | 1 | 3.29 | 216.71 | 2025-07-21 | -0.6 | 1 | 0 | 156.71 |
| SPX | BPS | 2025-07-21 | 2025-07-21 | 6310 | 6235 | 0.95 | 1 | 3.2 | 91.8 | 2025-07-21 | -2 | 1 | 3.21 | -111.41 |
| SPX | BCS | 2025-07-21 | 2025-07-21 | 6340 | 6395 | 1 | 1 | 3.2 | 96.8 | 2025-07-21 | -2.05 | 1 | 1.65 | -109.85 |
| SPX | BCS | 2025-07-21 | 2025-07-21 | 6320 | 6245 | 1 | 1 | 3.2 | 96.8 | 2025-07-21 | -2.1 | 1 | 3.2 | -116.4 |
| SPX | BPS (IC) | 2025-07-22 | 2025-07-22 | 6280 | 6275 | 0.57 | 1 | 3.3 | 53.7 | 2025-07-22 | 0 | 1 | 0 | 53.7 |
| SPX | BCS (IC) | 2025-07-22 | 2025-07-22 | 6315 | 6320 | 0.68 | 1 | 3.21 | 64.79 | 2025-07-22 | 0 | 1 | 0 | 64.79 |
| SPX | BPS | 2025-07-22 | 2025-07-22 | 6295 | 6240 | 1.15 | 1 | 3.2 | 111.8 | 2025-07-22 | -3.05 | 1 | 3.2 | -196.4 |
| SPX | BPS (IF) | 2025-07-23 | 2025-07-24 | 6335 | 6325 | 4.7 | 1 | 3.29 | 466.71 | 2025-07-24 | 0 | 1 | 0 | 466.71 |
| SPX | BCS (IF) | 2025-07-23 | 2025-07-24 | 6305 | 6310 | 2.25 | 1 | 3.29 | 221.71 | 2025-07-24 | -5 | 1 | 0 | -278.29 |
| SPX | BPS | 2025-07-23 | 2025-07-23 | 6305 | 6235 | 1.15 | 1 | 3.2 | 111.8 | 2025-07-23 | 0 | 1 | 0 | 111.8 |
| SPX | BPS (IC) | 2025-07-23 | 2025-07-23 | 6330 | 6325 | 0.94 | 1 | 3.3 | 90.7 | 2025-07-23 | 0 | 1 | 0 | 90.7 |
| SPX | BCS (IC) | 2025-07-23 | 2025-07-23 | 6350 | 6355 | 1.26 | 1 | 3.3 | 122.7 | 2025-07-23 | -5 | 1 | 0 | -377.3 |
| SPX | BPS | 2025-07-23 | 2025-07-23 | 6315 | 6250 | 1.15 | 1 | 3.2 | 111.8 | 2025-07-23 | 0 | 1 | 0 | 111.8 |
| SPX | BPS (IC) | 2025-07-23 | 2025-07-24 | 6335 | 6330 | 1.23 | 1 | 3.3 | 119.7 | 2025-07-24 | 0 | 1 | 0 | 119.7 |
| SPX | BCS (IC) | 2025-07-23 | 2025-07-24 | 6370 | 6375 | 1.67 | 1 | 3.3 | 163.7 | 2025-07-24 | 0 | 1 | 0 | 163.7 |
| SPX | BCS | 2025-07-24 | 2025-07-24 | 6395 | 6445 | 0.9 | 1 | 3.2 | 86.8 | 2025-07-24 | 0 | 1 | 0 | 86.8 |
| SPX | BCS | 2025-07-24 | 2025-07-24 | 6385 | 6435 | 1.05 | 1 | 3.2 | 101.8 | 2025-07-24 | -2.2 | 1 | 1.65 | -119.85 |
| SPX | BPS | 2025-07-25 | 2025-07-25 | 6360 | 6285 | 1.1 | 1 | 3.2 | 106.8 | 2025-07-25 | 0 | 1 | 0 | 106.8 |
| SPX | BPS | 2025-07-25 | 2025-07-25 | 6385 | 6345 | 1.2 | 1 | 3.2 | 116.8 | 2025-07-25 | 0 | 1 | 0 | 116.8 |
- 0DTE/1DTE Closed Net Profits/Loss: $777.02
Another huge win for 1DTE trades ($1065). Got super lucky, and Monday's ironfly made almost $600.
So, interestingly, 0DTE trades actually lost money this week.
Total Profit / Loss #
- 0DTE/1DTE trades = $777.02
- Other trades = $55.37
NET PROFIT / LOSS = $832.39
Notes, Lessons and Thoughts #
Got a bit lucky this week.
Couple of 1DTE ironflies and an iron condor hit for a big wins.
Market has been ridiculously bullish recently, and my ironfly setup does well in bullish markets, so I guess that's why.
All my other trades did nothing much, or lost a little bit.
Here's hoping I can finish this month off strong next week.