Options Trading Income Report – November/December

Total November/December Income
Total 2016 Net Income

So I’m a little behind…

Yeah…so I got a little behind on my posting with all my craziness at work and the usual anarchy associated with the holidays.

You have my sincerest apologies and I promise I’ll be making up the difference this week and next. Along with the usual monthly Income Reports, i’m working on a new review of a course I took about a month or so back. It should be a good one!

I’m looking for other courses to review over this next year, so if you have any recommendations or ones you’d like to see reviewed please shoot me a note.

Now…onto my trades!

Option Trades

I changed up my trading a bit for the end of the year and began throwing in a bunch more credit spreads. I did this for a couple of reasons. First, I wanted to become more comfortable with trading this type of strategy and second, to reduce the hit to my buying power on my account.

Credit spreads made up three out of eleven trades over these two months. While not a ton, it’s definitely more than my usual. In conjunction with those spreads, I also took a swing at a credit spread on a larger underlying, TLT.

Again, this was just to see how it “felt” to trades this large of an underlying with a credit spread and to get a feel for how to manage the trade.

Another three of my trades were to close out “Wheel of Fortune” style trades. I’ve meant to do a separate write up on those trades and how they went, which I’ll add to the list articles I need to write. The rest of my trades for these two months were my usual of selling puts or calls. Overall, another positive month for options trading.

Dividend Income

The past two months for dividend income was on par with other months. I did end up selling my shares in HCP since it kicked out a portion of its portfolio into QCP and lowered its dividend.

I might have held onto the shares had QCP pushed out a dividend, however it has yet to do so. I made a very minor profit on the sale, but I have yet to reinvest the money into another dividend paying stock.

Lending Club Income

I noticed over the past few income reports I posted my Lending Club Income seemed a little high. So, with a little basic sleuthing I figured out I was including the repayments on capital as part of my “income” which it isn’t.

I’ll have to go back and make some edits, but it’ll only affect my overall numbers by a few dollars. In general, I still like Lending Club and the ~8% return i’m getting on my invested money and I still plan to put more money in.

That wraps up this month’s income report. I hope your trading is going well this year and you’re learning something new about options trading!

I’d love to hear from y’all, so 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,

November/December Dividend Income: $18.10

November/December Lending Club Income: $2.72

November/December Stock Sales: $19.80

November/December Option Trading Income: $151.23

Total November/December Income:  $191.85

2016 Net Income:  $1,296.51


Current Stock/ETFs Holdings

Symbol # Shares Quarterly/Monthly Dividend Per Share Annual Dividend Per Share Cost Basis Yield Pay Month
ADM 10.135 $.30 $1.20 $37.10 3.23% C
JNK 10.255 $.183 $2.20 $33.95 6.68% M
VLO 10.176 $.60 $2.40 $52.47 4.59% C
FLO 10 $.16 $.64 $15.11 4.23% C
QCP 2 $0 $0 $16.25 0 N/A

A = (Jan/Apr/Jul/Oct)  B = (Feb/May/Aug/Nov)  C = (Mar/Jun/Sep/Dec)  M = Monthly


November/December Dividend Payments

Stock/ETF Total Dividend Paid
JNK $3.68
HCP $3.75
ADM $3.02
FLO $1.60
VLO $6.05


November/December Stock Trades

Stock # Shares Entry Price Exit Price Commission Net Profit
NE 100 $6 $6 Captured in option trade $0
HCP 10.274 $27.28 $29.89 $7.01 $19.80
CLF 100 $7 $7 Captured in option trade $0


November/December’s Option Trades

Strategy Stock/ETF Option Entry Price Exit Price Commission Net Profit % Gain/Loss # Lots
P GRPN Nov 16 $5 Put $.42 $0 -$16.54 $25.46 100% 1
SP NE Nov 16 $6/$5 Puts $.32 $0 -$18.07 $13.93 100% 1
SP WFM Nov 16 $27/$26 Puts $.27 $.05 -$6.14 $15.86 81.48% 1
P CLF Nov 16 $5 Put $.32 $.13 -$3.07 $15.93 59.38% 1
CC CLF Dec 16 $7 Call $.11 $0 -$15.02 $-4.02 -36.53% 1
P RIG Dec 16 $9 Put $.22 $.08 -$3.07 $10.93 63.64% 1
P CHK Dec 16 $5 Put $.32 $.12 -$3.07 $16.93 62.50% 1
SP TLT Dec 16 $125/126 Calls $.22 $.05 -$6.14 $10.86 77.27% 1
CC GRPN Jan 17 $4.5 Call $.06 $.01 -$1.57 $3.43 83.33% 1
P OAS Jan 17 $14 Put $.65 $.28 -$3.07 $33.93 56.92% 1
CC NE Dec 16 $6 Call $.23 $0 -$15.01 $7.99 100% 1

CC = Covered Call  P = Sold Put  SP = Spread  -Rx = Roll #X from previous trade