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 second (#2) options income report.
Last June we did in total 25 trades / from which 20 were covered calls and just 5 naked puts.
There are 12 left open trades with expiry in the next months, with most (9) expiring in July.
We managed to make $1,150.29 from options income during the month of June, which is about 11.50% from our $10,000 goal for 2020. On average it will ask us to make at least $1,377.88 every month for the next 6 months to reach our goal.
Here are the stocks we traded options on in June 2020: BXRW, WFC, SPCE, SDC, BAC, TWO, F, AMS:INGA, WPG, XIN and AMS:AGN
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 probably with Wells Fargo (WFC) stock, see: Closed WFC Covered Call with +$70 Profit (2.51% yield in 3 days).
I couldn't say there were some big failures during the month, at one stage market went against us, and now it seems our worst trade was establishing a covered call with BAC with a pretty high strike price at $29, see: Covered Call on BAC - Potential income return 3.52% in 5 days.
It will take weeks, if not months before we will be able to recover our funds here.
On an overall - very good month
Half of the income will be withdrawn, while for the other half we bought 51 shares of PBCT, once we will have 100 shares of PBCT we will sell additional covered calls on it. We now hold 76 shares of PBCT,
PBCT is a part of our dividend stock portfolio, now generating an average $3.88/mo dividend income. This latest buy gives us a little +$2.6 monthly boost
OptionsBrew.com was launched at the end of April 2020, during the month of June our options trading website was visited by 61 users from 25 countries.
Average session duration 14 min 10 seconds.
We now have 5 e-mail newsletter subscribers.
During the month of June, we were quite busy with article writing (all trades are listed), in a total of 34 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 June 2021
We like setting goals, and when setting goals for June 2021 options income, we are looking to take at least $2,000 in options income.