April 2021 Options Income Report - $6,083.71; Net Liquidity EUR 16,816

The last April, we did a total of 137 trades / from which most were credit spreads and covered calls. Last month we did a lot of options adjustments, by rolling forward and down both put and call options.

Here is a brief recap I made on YouTube for happenings in the portfolio

There are 102 left open trades with expiry in the next months, with most (63) expiring this May 

We managed to take $6,083.71 from options income during the month of April, which is about 15.20% of our $40,000 goal for 2021. In total, we have already reached about 31.12%. On average it would ask to generate about $3,444/mo every month for the next 8 months to reach our goal. Looks doable.

Unfortunately, some $4,000 income this month comes from rolling forward trades from the previous months (mostly February and March). Basically, it means this is not newly earned money

Anyhow, half of the income will be withdrawn, while for the other half we bought 6 shares of JNJ, 25 shares of NIO, and 54 shares with PBCT. Unlike our other buys, NIO is not a dividend stock, instead, we decided to invest in this stock as we see a huge potential growth value + very hefty options premium.

  • Net Liquidity: EUR 16,816 (-EUR 2,635)

  • Securities gross position value: EUR 61,781 (+EUR 17,713)

  • Cash balance: - EUR 23,328 (-EUR 17,321)

We were hit hard with LI auto and SOLO stocks + additionally did some huge buyings with INTC, SPCE and GOLD stocks

Dividend income

Our dividend income portfolio value now is $15,403, which generates about $35.63 (+$4.47) monthly dividend income.

Our latest stock buys helped to boost our total monthly dividend income by an additional $4.47/mo. Awesome

Here are all our holdings (as of May 02, 2021)

When investing in dividend stocks we look to invest

  • dividend aristocrat stocks

  • stocks with options enabled

Trading plan for May 2021 (Option trades & Stock Buys)

We are looking to buy additional 10-20 shares with LI, 10 KO, 6-8 and INTC. Also at the end of the month, we will spend half of our options income to purchase additional PBCT, NIO, and JNJ stocks. Additionally, we consider purchasing more shares with ARCC stock

For the month of May, we are looking to sell mostly covered calls only on positions already established. We might sell credit spreads on stocks called away. 

From covered calls/credit spreads - we are looking to take ~ $3,400 during the month of May.

Goals for April 2022

We like setting goals, and when setting goals for April 2022 options income, we are looking to take at least $3,000 in options income. We hope to get there with more covered calls

Gosh, April was quite a month. Despite a busy month in options trading, we also decided to move from the OptionsBrew domain to the CoveredCalls.info and launched a daily newsletter about investing with covered calls + additionally launched a YouTube channel + a Facebook Group

At the end of April, we had

  • 1 email subscriber for CoveredCalls.info newsletter (that’s me)

  • 18 subscribers for YouTube channel

  • 6 members for Facebook group