Options Trading Income Report – April 2016

140.35
Total April Income
327.81
Total 2016 Net Income

Making it rain…

April was a great month. I closed seven trades in April and they were ALL winners.

That’s right, all of them.

In April, I got into the full swing of trading using the Dough platform and adjusting my trading style to a method similar to what you’d see on TastyTrade. I sold puts against stocks with high implied volatility and closed out the trade at ~50% profit.

If you look at the trades individually they may seem unimpressive. I only averaged about $18.21 profit per trade, but at the end of the month it becomes $127.51 profit after commissions. When you consider my account is about $6,000 right now, that’s a 2% return for the month or a 24% return annualized.

Not bad!

Of course, the devil is in the details and on whether or not I can continue to replicate these results month-to-month. May is already shaping up to be “challenging” and will put my new trade management skills to the test, but we’ll see how it all works out.

I hope your trading is going well and I’d love to hear from y’all. Feel free to drop me an email at nakedoptiontrader@gmail.com, leave a comment on the site or catch me on Twitter @optionstudent.

Until next month!

Happy Trading,

Patrick

Account
April Net Option Trading Income: $127.51

April Dividend Income: $12.84

Total April Income:  $140.35

Total 2016 Net Income:  $327.81

Current Dividend Stock/ETFs Holdings

Symbol # Shares Quarterly/Monthly Dividend Per Share Annual Dividend Per Share Cost Basis Yield Pay Month
ADM 10 $.30 $1.20 $37.10 3.23% C
HCP 10 $.575 $2.30 $27.28 8.43% B
JNK 10 $.189 (monthly avg) $2.27 $33.95 6.68% M
STR 10 $.22 $.88 $25.33 3.47% C
TRN 100 $.11 $.44 $48.10 .91% A

A = (Jan/Apr/Jul/Oct)

B = (Feb/May/Aug/Nov)

C = (Mar/Jun/Sep/Dec)

M = Monthly

April Dividend Payments

Stock/ETF Total Dividend Paid
JNK $1.84
TRN $11.00

April’s Option Trades

Strategy Stock/ETF Option Entry Price Exit Price Commission Net Profit % Gain/Loss # Lots
CSP RIG May 16 $7 Put $.34 $.18 -$3.07 $12.93 47.06% 1
CSP SWN May 16 $6 Put $.34 $.14 -$3.07 $16.93 58.82% 1
CSP NE May 16 $8 Put $.46 $.25 -$3.07 $17.93 45.65% 1
CSP PBR May 16 $5 Put $.31 $.12 -$3.07 $15.93 61.29% 1
CSP SWN May 16 $8 Put $.50 $.24 -$3.07 $22.93 52.00% 1
CSP CNX May 16 $11 Put $.49 $.27 -$3.07 $18.93 44.90% 1
CC TRN May 16 $21 Call $.48 $.23 -$3.07 $21.93 52.08% 1

CC = Covered Call

CSP = Cash Secured Put

-Rx = Roll #X from previous trade

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