Trading plan for September 2020 (Option trades & Stock Buys)

Here at OptionsBrew.com, we believe a trading plan is already a 66% key to success.

Without further ado, here is our trade plan for the upcoming month of September 2020.

We are looking to buy an additional 12 shares of PFE for our Partnership fundAt the end of the month, we should have 57 PFE stocks - once we will have 100 shares of PFE we will start selling covered calls on it, see: Covered Call Trade Idea with Weekly Options - Generate $45/week from this Dow Jones list Dividend Stock

Also, we are looking to buy an additional 20 shares of ARCC, once we will have 100 shares of ARCC, we will start selling covered calls on it.

As we are trading on Margin, we currently hold a negative cash balance of  -EUR 9,790. This is quite a lot, and we are looking to end the month with -EUR 8.500. That would ask us to close a few trades. Possible candidates are: AGN:AMS, TWO, TLRY

Portfolio value at the end of August 2020
Portfolio value at the end of August 2020

If our holdings with AGN:AMS (700), TWO (1200) and TLRY (700) will be called away with our current strike prices in Septemebr, we will free up $2,600 trading capital

Depending on the market, we believe it shouldn't be too hard to free up some EUR 2,000. Additional dividend income + options income should help minimize our negative cash balance

From covered calls/puts - looking to take ~ $800 during the month of September.

 

Half of the options income will be spent on additional O dividend stock buys. We should be able to buy at least 6 stocks with O stock at the end of September.

The other half will be withdrawn.

We are looking to raise our average monthly dividend above $9/mo at the end of the month. See: Dividend Stock Portfolio