Welcome to my very delayed February option income post. My February options income was lower than anticipated. Options premiums have been tough to come by. I haven’t been able to find many trades I want to make. This is because I’m nervous to sell puts in such a hot market.
February Options Income
In February, I closed 11 options contracts. My February options revenue was $773.78. This is my take home, realized income. It’s the amount of money I earned after trading and transaction fees, losses from closed contracts, and any other miscellaneous costs. The breakdown of income and expenses, is as follows:
Total Revenue: $799.49
Net Revenue: $773.78
Closed February Options Contracts
My options tracker below, shows all 11 transactions. All contracts are now closed and were closed in the month of February.
Ten of the eleven contracts were profitably closed. I chose to close one GILD contract at a $1.20 loss. No contracts were assigned this month which is nice. 🙂 I try to not have contracts assigned so I can reuse my capital to sell more options.
This past month I closed options with smaller gains. I usually won’t close a contract until I’ve earned at least 50% profit. I’m nervous about the market, so i chose to close with smaller gains.
Open Options Contracts
I have 7 open contracts, 6 calls and 1 put. Total available income of my open contracts is potentially $2,600.34. Of course, I close most contracts before expiration, not likely to happen.
February Options Income and Annual Options Income
February 2017 options income was higher than February 2016. I earned $773.78 this year and $303.17 last year. This is a revenue increase Y0Y of $470.61
I’ve set a 2017 options income goal of $7,500. I need to earn $5,264.50 more to hit this goal. This works out to a remaining monthly average of $526.45 per month. I’ve slowed my trades and I’ve started selling longer covered calls. With the market this hot, I feel it’s safer to sell covered calls further out. If all goes according to plan, the market will correct and I’ll close these contracts early.
How much was your February options income?