My August Options Income: 32.7k
All, In the interest of transparency I would like to share my income from options trading in August. Total August Income: 32734$ - 10k from selling 0DTE and 1DTE QQQ puts 2-3% OTM before market close - 8.3k from selling weekly 25% OTM MSTR puts - 5.2k from buying a QQQ call - 6k from selling dash and nvda puts before earnings - Market neutral trades (Broken Wing Butterflys, Iron Condors etc) 3.2k This is my 3rd month starting options trading. First month I made like 5k and lost it all on a IPO stock. I got frustrated and closed my option trading account. Then I took my time off spent time learning and started again in August. From this month, I will be trading differently. I'm already up 3.7k for this month - I will keep the core QQQ 1DTE puts, stay away from 0DTE puts as they are risky - MSTR puts I will size them down and use put spreads instead of naked puts to cap tail risk - Will focus more on earnings trades as they are very profitable. I'll post a detailed separate thread on my earnings trades but in short I am placing a iron condor with shorts outside the expected move. - Will focus more on selling VRP (variance risk premium, the gap between IV and HV) - Will focus more in delta neutral trading, BWB, Calendars etc - Will follow better risk management strategies (no more than 2% risk on a single trade etc) - Also will include Call debit spreads with a lower allocation as the returns are huge