Playing catch up…
It would seem the theme for this Income Report is to play catch up. Not only is this report months behind, but I’m also trying to get back on the positive side of the balance sheet when it comes to trading.
Thankfully the trading gods smiled upon me the last few months and allowed me to get back to even. The herculean task of making something of this turnaround is still left up to me. Sticking to my system and not being distracted by testing new trading ideas will be key to maintaining the momentum of this turnaround.
Now, on to my trades!
Over the course of those few months between May and July I made a total of 19 trades. Many of them turned out to be winners, with just a few losers sprinkled in now and then to keep it interesting. I have one trade in particular of which I can’t exactly figure out if it was a profit or a loss. Just why that is will be dug into in a moment.
The most important lesson I learned during this period is ALWAYS BACK UP YOUR TRADING LOG!!!
You see, unfortunately the hard drive is protesting its constant use and has decided to take a vacation from working. I have one last effort to try to coax it back from its hiatus, however the chances are looking grim. As such, I had to go through and relog many of the trades I had made over the year. I focused first on capturing May thru July so I could get this report out and my attempt at reviving my hard drive doesn’t work then I’ll be recapturing my entire year…not fun.
Now to circle back to the trade I couldn’t record a profit or loss on. The trade I made was a put credit spread in which I was assigned on the sold put and closed out on the purchased put because the stock had not dropped enough in price. Unfortunately, I did not record the price paid for this leg of the trade (I only have the entire trade cost), therefore it’s difficult to figure out how much I made on that part of the trade.
I have a few thoughts left on how to figure it out, but as y’all know I’m not a math whiz so if any of you have suggestions I’d be happy to hear them.
Dividend income during this period went as expected. I received seven payments totaling $25.26 for doing absolutely nothing…which is always fantastic.
On top of this goodness two stocks, ABR and FLO, raised their dividends. ABR increased its divided by $.02/share, or 12.5%, and FLO raised its dividend by %.01/share, or 6.25%. The only negative thing is I wish I had additional shares in each of these to more advantage of the increase. However, I should just be happy they’re still increasing!
One last thing on the dividend/stock side of the house. I cleared out the two shares of QCP I was holding from the split HCP did earlier. The shares didn’t fit into my plan as they weren’t paying a dividend, so I just sold them off for a teeny tiny profit of a couple of bucks. Nothing dramatic, but I wanted you to know why they disappeared from the chart below.
Lending Club Income
Lending club is another area which is working out well for me. My interest payments are slowly creeping up over time. During the three months covered in this report I received a total of $14.38 in payments and had another loan completely paid off. This means I have more money to deploy!
I did have some concerns earlier in late July when I check in on this account. One of the loans was showing two weeks over due and I thought I was going to have pay the charge off fees associated with a failed loan. Apparently, however, the individual was just preparing to pay off the loan entirely. Works for me!
As it stands, I’m still just over the 8% annual interest for my account which is where I try to stabilize the account at with varied risk in the different loans. I’ll publish an extensive write up on Lending Club, how I choose my loans and a discussion on how it’s part of my overall plan soon!
That’s it for this report. Like I said, my focus for the next few months is to continue the steady increase in positive trades and keep my account on the positive side of the balance sheet. I’d love to hear from y’all, so drop me an email at firstname.lastname@example.org, leave a comment on the site or catch me on Twitter @optionstudent.
Until next month!
Dividend Income: $25.26
Lending Club Income: $14.38
Option Trading Income: $148.01
Total Income: $187.65
2017 Net Income: $115.25
Current Stock/ETFs Holdings
|Symbol||# Shares||Quarterly/Monthly Dividend Per Share||Annual Dividend Per Share||Cost Basis||Yield||Pay Month|
A = (Jan/Apr/Jul/Oct) B = (Feb/May/Aug/Nov) C = (Mar/Jun/Sep/Dec) M = Monthly
|Stock/ETF||Total Dividend Paid|
|Strategy||Stock/ETF||Option||Entry Price||Exit Price||Commission||Net Profit||# Lots|
|CS||CLF||19 May 17 7/5 Puts||$.39||$.00||-$18.07||$20.93||1|
|CS||UVXY||12 May 17 16/15 Puts||$0.12||$.00||$21.14||$(9.14)||1|
|CS||NE||16 June 17 5/4 Puts||$0.42||$0.88||$6.14||$(52.14)||1|
|IC||JCP||16 June 17 6/7 Call 5/4 Put||$0.38||$0.20||$12.28||$5.72||1|
|CS||AKS||16 June 17 5/4 Puts||$0.12||$0.10||$6.14||$(4.14)||1|
|CC||GRPN||19 May 17 5 Call||$0.09||$0.01||$1.57||$6.43||1|
|CS||SWN||16 June 17 7/6 Puts||$0.28||$0.83||$6.14||$(61.14)||1|
|CC||UVXY||16 June 17 17 Call||$0.57||$0.27||$3.07||$26.93||1|
|P||GRPN||19 May 17 4 Put||$0.42||$-||$16.54||$25.46||1|
|CC||CLF||30 June 17 8 Call||$0.09||$0.03||$1.57||$4.43||1|
|DS||UVXY||21 July 17 10/8 Put||$(0.76)||$1.06||$6.14||$23.86||1|
|CC||CLF||21 July 17 7 Call||$0.19||$-||$16.54||$2.46||1|
|CC||UVXY||21 July 17 17 Call||$0.82||$0.38||$3.07||$40.93||1|
|Buy Put||UVXY||15 Dec 17 17 Put||$(9.56)||$9.97||$3.09||$37.91||1|
|CC||UVXY||21 July 17 17 Call||$0.37||$0.27||$3.07||$6.93||1|
|CS||SPY||28 Jul 17 247.5/250 Call||$0.55||$0.22||$6.14||$26.86||1|
|CS||SPY||4 Aug 17 247.5/250 Call||$0.39||$0.16||$6.14||$16.86||1|
|P||CLF||18 Aug 17 7 Put||$0.47||$0.22||$3.07||$21.93||1|
|Buy Put||UVXY||18 Aug 17 25 Put||$(0.61)||$0.71||$3.07||$6.93||1|
CC = Covered Call P = Sold Put CS = Credit Spread DS = Debit Spread IC = Iron Condor -Rx = Roll #X from previous trade