Options Trading Income Report – The Starting Line

By March 19, 2014Trading Income Report

The starting line. Every race, expedition or lifelong event crosses this threshold and begins the journey towards some destination. If you’ve read about why I’m kicking my lazy money off the couch and into options trading, you’ll know my finish line is a $5k/month income from options trading.

Each month I’ll post how my real and paper trade accounts are performing. You’ll see the strategies I’m working, the trades I’ve made and the lessons I’ve learned. It’ll all be broken down into clear, concise points for you to quickly consume.  So, here we go!

Paper Account

Starting Balance:  $5,177.33

Current Stock Holdings:

Date

Stock

# Shares

Cost Basis

Commission

2/20/14

RAD

100

$641.00

$3.95

 

 

 

 

 

 

Open Positions:

Date

Option

Price

Commission

2/20/14

Sold RAD Apr 14 6.00 Put

$.25

$5.00

3/6/14

Sold RAD Apr 14 7.00 Call

$.30

$5.00

3/13/14

Sold MSFT 28 Mar 14 (W) 36.50 Put

$.17

$5.00

 

 

 

 

 

 

 

 

 

Closed Positions:

Date

Option

Open Price

Close Price

Commission

Net Profit/(Loss)

3/13/14

MSFT Apr 14 36.00 Put

$.30

($.29)

$10.00

($9.00)

 

Real Account

Starting Balance:  $4,861.00

 

What’s Next

I’ll work on getting some decent screen capture software so you can actually see my accounts from OptionsHouse, but for now this will do. The open positions are just a result of me playing around with the idea of selling puts/calls. I’ll close those out shortly and outline my strategy moving forward so you can follow my thought process.

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