29 July, 2022 seen 33Welcome to the new renewed monthly stock options income reports. I stopped publishing monthly reports more than two…
Welcome to the third (#3) options income report - covering earnings I've made from options trading (naked puts and covered calls) in the month of May
Options are the latest investment strategy in my portfolio - in short, I'm looking to use option trading to generate additional income from stocks I already have (covered calls) or would love to have (naked puts) in my portfolio. I trade against dividend stocks only (at least now).
I learn as I go, anything written here should be taken with a grain of salt, I'm no expert or certified financial advisor. Investments in stocks, options, funds, bonds or crypto are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
In May 2019 I made 6 naked puts and 2 covered calls
- #11 Put Sell: PEI MAY 17'19 6 Put @0.20
- #12 Put Sell: XIN JUN 21'19 5 Put @0.60
- #13 Put Sell: PEI JUN 21'19 8 Put @0.75
- #14 Put Sell: WPG OCT 18'19 5 Put @0.7
- #15 Put Sell: BKS JUN 21'19 5 Put @0.3
- #17 Put Sell: PEI JUN 21'19 7 Put @0.35
Seems I starting to enjoy covered calls more than naked puts. $275.6 were made from naked puts and $64.2 from covered calls. Statistically speaking these numbers equals to:
- 81.1% from naked puts
- 18.9% from covered calls
Options Income Table
In total, I collected $339.80 (after commissions) this May in premiums, which gives a nice 1.15% monthly boost to the portfolio. Also, I have collected in a total of $663.00 which translates as 2.28% income from options in 2019. Looks great.
Goals for May 2020 Options Income
When trying to set goals for options income it's much harder and unpredictable than trying to forecast dividend income. Anyhow I will try - my goal for May 2020 options income is to increase it by 50% what I made this year - $508.5 or more I'm looking now.