Welcome traders to the weekly trading results, where I'm documenting my path trading options on indexes and futures in the previous week.
I started my trading journal on September 23, 2019, and it's planned that there will be at least 52 such articles for the next 52 weeks. Today I'm sharing results for the fifth (#5) week from this journey
Make sure to check out previous reports.
52 weeks covers a span for a one year. One year is a great time to learn and master trading. With these reports, I hope to improve my trading skills and premiums over time.
Trading week 43 was from October 21 until October 25, 2019 (Monday - Friday)
In total: 18 trades
5 winning trades, 1 losing trades, 12 trades open, (in total 24 open trades from the previous weeks)
- The total premium collected $740.94
- Total paid in commissions: $115.06
- Average premium per lot: $0.55
This week I was trading less 0DTE and 1DTE and instead focused on longer-term options, weeklies, bi-weeklies and monthly
Weekly trading results
All trades were vertical spreads (bear calls and bull puts)
- biggest win: $45.2 with 1 call bear spread on SPX 3010/3015
- biggest loss: -$10.42 with 1 call bear on AEX 580/582
This week was the highest in terms of income so far. If I would manage to make $740.94 every week for 52 weeks in a row, it would give me $38,528.88/year. Well, that's the number I would love to take.
So far (after 5 weeks) I've made $2,583.75 (on average $516.75/week), if I would keep the averages for the next 47 weeks, it would translate into $26,871 at the end of this experiment. Both numbers are great
Looking to make at least $400 (after commissions) next week