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 fifth (#5) options income report.
Last September we did in total 43 trades / from which most were covered calls and credit spreads
There are 42 left open trades with expiry in the next months, with most (36) expiring in October.
We managed to take $715.35 from options income during the month of September, which is about 7.15% from our $10,000 goal for 2020. On average it will ask us to make at least $1,829.07 every month for the next 3 months to reach our goal. Now, most probably, that is not going to happen. But anyhow, having a goal is a good start already.
Here are the stocks we traded options on in September 2020: CRBP, FCEL, TLRY, ET, AMS:INGA, AMC, VXRT, SRNE, KODK, AMS:RDSA, ARCC, BCRX. FRA:DBK, BCS, PBCT, TWO, AMS:AGN, SPCE and M
in bold, stocks 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 top 3 stock we collected premium: CRBP, BCRX and AMC. These 3 stocks account for about 49% of options premiums received last month
Our best trades in September was with SDC and TWO:
- Closed SDC Covered Call with +$211.80 Profit (23.98% yield in 97 days)
- Closed Covered Call on Two Harbors Investment (NYSE:TWO) with +$107 Profit (10.7% yield in 113 days / 34.56% annualized)
We kept struggling with BAC TWO stock. We hope on some positive developments with this stocks during the month of October
On an overall - decent month
Half of the income will be withdrawn, while for the other half we bought 6 shares of O.
We now hold 100 shares of PBCT and 18 shares of O in our dividend stock portfolio. Once there will be 100 shares of O stock, we are going to sell covered calls on it
The dividend stock portfolio now generates an average $8.67/mo dividend income. These latest buys give us a little +$1.19 monthly boost.
OptionsBrew.com was launched at the end of April 2020, during the month of September our options trading website was visited by 220 users from 40 countries.
During the month of Septemebr we experimented with a freemium newsletter on substack, despite we like the platform a lot, we have decided not to continue using substack
Average session duration 3 min 42 seconds.
We now have 42 e-mail newsletter subscribers.
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 September 2021
We like setting goals, and when setting goals for September 2021 options income, we are looking to take at least $1,000 in options income.