WFC

June 2020 Options Income Report - $1,150.29

PBCTWFCBAC dividend income
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…

Closed WFC Covered Call with +$70 Profit (2.51% yield in 3 days)

WFC
On June 5, 2020, our 100 shares of WFC  were called away at the strike price of $28 We established this position on WFC stock on June 2, 2020, by buying 100 shares at $27.79 per share and simultaneously sold June 5, 2020 expiry covered call at the strike price of $28. Covered Call on WFC- Potential income return 2.51% in 3 days This is yet another good example of how covered calls help generate income. We closed this trade with a $0.49 premium plus realized a value gain of  $0.21 Total $70 or…

Covered Call on WFC- Potential income return 2.51% in 3 days

WFC
On June 2, 2020, we bought on margin 101 shares of WFC stock (Wells Fargo & Co.)  paying $27.79 per share and simultaneously sold June 5, 2020 expiry covered call at the strike price of $28. Here at OptionsBrew.com, we like the idea of selling options on "good" dividend stocks, preferably from the Dow Jones list. WFC is both a good dividend stock, raising its dividend for the past 8 years, also stock is from the Dow Jones list With a dividend at $2.04, this buy gives as a 7.34% dividend…

Goal to Reach $10,000 In Trading Income from Selling Covered Calls till the end of 2020

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For the past couple of weeks, I've been working on my latest idea of developing an options learning and trading website. The website you are currently reading - optionsbrew.com Initially, I wanted to make a website for 0 DTE SPX traders, but I understood that day trading is not my thing, and I never have been successful in it in the long run. For me, it always has been one step forward, two steps backward. On the other hand selling, puts and calls on dividend stocks have proved to work out…