2023 Options Summary - as of Week #09

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2023 Options Summary - Week #09 (as of March 4, 2023).

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Where does this data come from?

  1. My ETrade Transaction History (copied and pasted)
  2. Excel Table with a few extra attributes I need to pivot and filter data by on Trade Type.
  3. I track all my Options, Trades and Dividends.
  4. Pivot Table used to Present the data you see.

Trade Volume or the dollar amount is not important, only the difference between the two.
If I open a trade for $10,000 and close it with the value of $10,100 then I only made $100 minus the fees and commissions!

As an Option Traders, I track my profit/loss based on the type of trade made. This can get confusing if a covered call gets called early (assignment). To make this much easier, I often roll my covered calls before that would happen. I will not do the wheel strategy.

I will do plenty of Iron Condors or Spreads.

As of March 4, I had eight (8) winning weeks and one losing one (week #5). I lose money when the markets were moving UP and UP in January. I decided to close the position and take my "L". However, February was mostly was a downtrending month and gave up some of January gains.

This helps in my covered call positions so that many of my CC are OTM (Out-of the Money). My Iron Condor are often a "delta-neutral" position or non-directional bet.

During Week #10 the markets dropped nearly 5%. This isn't good for short-term option traders unless you are on the right-side of the trade. I have position my portfolio to use 2 or 3 month before expiration and my risk to GAMMA is much less. However, even in a week where the move is 5%, you need to keep an eye on your position. The 5% move in the markets is often a two or three-deviation move (and that is what causes your options to go for profitable to unprofitable trade).

March 7:

  • Closed Apr 21 Iron Condor for 0.65!
  • Open Jun 30 Iron Condor for 0.85
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How did I make money on the April 21 Iron Condor?

  • Follow the Blue Box Trade ("13" contracts).
  • Closed the Bloe Box on March 7.
  • Open Yellow Box on March 7; which is the Jun 30 Iron Condor Trade.
    image.png

Mar 9:

  • Rolled BAC Covered call Down for more risk
  • Moved from a 1 DELTA to a 6 DELTA position.
  • Collected $0.02 (or 1 dollar after FEES).
    image.png

Mar 10:

  • Rolled BAC Covered call Up and Out (Mar 10 --> Mar 17).
  • Rolled BAC Covered call Down (Mar 24 $37 --> Mar 24 $35).
  • Adjusted "5" Iron Condor. Added Risk on the CALL Legs by lowering Strike Price by 5 dollars.
    image.png

Add these trade data (Week #10) will be added to my Excel, and the data will be update in a future post.

Solving-Chaos
Let do this 1 dollar at a time!

2023 Options Summary - as of Week #09 | Ecency