Here at OptionsBrew.com, we believe transparency is the key to success and that's why we have decided to share our monthly options income reports covering details behind the scenes. That said welcome to the third (#3) options income report.
Last July we did in total 43 trades / from which most were credit spreads and naked puts, just a few were covered calls
There are 28 left open trades with expiry in the next months, with most (26) expiring in August.
We managed to make $873.65 from options income during the month of July, which is about 8.73% from our $10,000 goal for 2020. On average it will ask us to make at least $1,481.44 every month for the next 5 months to reach our goal.
Here are the stocks we traded options on in July 2020: BAC, BCRX, F, SDC, SPCE, AMS:INGA, NRZ, AAL, ET, RIOT, TWO, BCS, GPS, TLRY, PBCT
in bold, stock we sold covered calls on
We traded both weekly and monthly options. This is the plan we would like to keep with in the future. Weekly options are a very powerful tool to generate income.
Our best trades were in July was with SPCE and BCRX:
- Closed SPCE Covered Call with +$268 Profit (16.79% yield in 35 days)
- Closed BCRX Covered Call with +$331 Profit (25.75% yield in 47 days)
We kept struggling with BAC, F, TWO and INGA:AMS stock. We hope on some positive developments woth these stocks during the month of August.
On an overall - decent month, with a lot of credit spreads
Half of the income will be withdrawn, while for the other half we bought 24 shares of PBCT and 4 shares of O.
We now hold 100 shares of PBCT and 4 shares of O in our dividend stock portfolio. We are now able to sell covered calls on PBCT stock. Once there will be 100 shares of O stock, we are going to do the same.
The dividend stock portfolio now generates an average $5.89/mo dividend income. These latest buys give us a little +$2.01 monthly boost
OptionsBrew.com was launched at the end of April 2020, during the month of July our options trading website was visited by 81 users from 25 countries.
Average session duration 11 min 13 seconds.
We now have 12 e-mail newsletter subscribers.
During the month of July, we were quite busy with article writing (all trades are listed), in a total of 38 articles.
Launching a new website from a scratch might be a daunting task, it will take us many months before we will start seeing a sizeable community here. We will be quite happy if we will reach 1,000 users per month by the end of the year.
Founders of OptionsBrew.com hope their SEO expertise, Drupal building, and copywriting skills will help to achieve these numbers in a timely manner.
Goals for July 2021
We like setting goals, and when setting goals for July 2021 options income, we are looking to take at least $1,500 in options income.