Welcome to the seventh (#7) options income report - covering earnings I've made from trading options (puts, calls, vertical spreads, iron condors) in the month of September 2019
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 use to write puts and calls against dividend stocks only, but starting last September I started day trading using more complicated techniques like vertical spreads or iron condors.
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 September 2019 I focused more on trading vertical spreads than simple puts or calls on dividend stocks I did in the past months. In total 34 trades from which just 6 were my typical naked puts or covered calls, the most other trades were vertical spreads with 0 - 1 DTE (days to expiration)
I was trading with ET, WPG, PEI, SFL, PBCT, TSLA, SPX, ES, GC and NQ.
Now, September was not my typical options selling month - it was a huge learning on trading options on indexes (SPX) and futures (ES, GC, NQ).
The result? $1,387.70 in total. That's the best option income month so far.
Options income table
Last September, in premiums, I've collected $1,387.7 (after commissions), which is an AWESOME 4.01% monthly boost to the total portfolio. Also, so far in 2019, I have collected in a total of $3,939.30 which translates already as 11.65% income from options this year. Amazing.
Options income 2019
Goals for September 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 September 2020 options income is to increase it by 30% what I made this year - $1,804.01 or more I'm looking now.