Welcome to my monthly options income post. My March options income came in under $1,000 again this month. I hope to consistently earn more than $1,000 a month. However, with little market volatility, options premiums are not very much right now. I have more cash to use, but I don’t want to risk it for a very small premium. Because of this, my February income and this month’s income were less than $1,000.
March Options Income
In March, I closed 5 option contracts. My March options revenue was $757.20. 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: $767
Net Revenue: $757.20
Closed March Options Contracts
My options tracker below, shows all 5 transactions. All contracts are now closed and were closed in the month of March.
All 5 contracts were profitably closed. One contract, PFG, was assigned. I gave-up these shares at a share price of $54.98.
Open Options Contracts
I have 8 open contracts. Total available income of my open contracts is potentially $2,597.19. Of course, I close most contracts before expiration.
March Options Income Year-Over-Year
My March 2017 options income was higher than March 2016. Much higher actually. I lost $694.68 last March.
I’ve set a 2017 options income goal of $7,500. I need to earn $4,507.30 more to hit this goal. This works out to a remaining monthly average of $500.81 per month. Even though I’ve slowed my trades, I’m confident I’ll reach my $7,500 goal.
I also earned $864.87 in dividend income. My total income this month is $1,622.07.
How much was your March options income? Did you earn any Dividend income?