This is a amateur stock trading page that will be sharing strategies to gaining 1 million in stocks.
Option Trades for 31 Jul - 4 Aug to expire 11 Aug
TSLA- $265 Call, $310 Premium - 2 Aug
QQQ- $ 377 Call, $363 Premium - 2 Aug
UPST- $60 Put, (3), $1495 Premium - 3 Aug
Total Premiums this week: $2168
Account Balance: $84,220.52
Remember to keep Delta 30 and below, stay tuned for more trades this week.
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Trades for 21 Jul 23:
TSLA Put for $267.50 was assigned for $260.02 leaving me with a $748 loss in value. Monday I will start covered calls at $270.00 with a delta of .30 and a premium of $320. If it is assigned I will make a $350 profit and plus the $320 Premium, if not assigned I will keep doing CC's and make profit.
Account Value: $79,985.60
Trades for today 19-Jul-23 to expire 28-Jul-23.
UPST (2) 52 Put, Premium: $520
CVNA (2) 46 Put, Premium: $556
AI (2) 37.50 Put, Premium: $220
Totals Premiums for today: $1296
Account Value: $80,067.44
Sorry for the gap in my post, but here are the Options to expire 21 Jul 2023:
TSLA: 267.50 Put (1 EA.) Premium $594.34
AI: 35.00 Put (2 EA.) Premium $210.68
CVNA: 34.00 Put (1 EA.) Premium $165.34
AI: 40.00 Call (1 EA.) Premium $126.34
UPST: 44.00 Put (1 EA.) Premium $113.34
Total Premiums: $1210.04 for the week
Next post will be for the week of 24-28 July
FGEN and AI big losers, stay away for now.
If you gain any knowledge or profit from my postings, please let me know by hitting the like button.
Trying to get more consistent with my post, but here are this weeks positions (Jun 12-16)
FGEN Jul 21 2023 15 Put 2@ $562.34 for $1124.67 Premium.
AI Jun 23 2023 41 Put @ $128.34 Premium.
AI Jun 30 2023 40 Put @ $204.34 Premium.
CVNA Jun 30 2023 21 Put @ $129.34 Premium.
CVNA Jun 30 2023 20 Put @ $155.34 Premium.
CVNA Jul 7 2023 20 Put @ $129.34 Premium.
QQQ Jun 20 2023 367 Put @ $113.34 Premium.
Total: $1984.71 Weeks Premiums.
QQQ Jun 13 2023 355 Put / $174
CVNA Jun 16 2023 17 Put / 3@246
Monkey wrench in my game, the dividend for JEPQ and JEPI dropped to .36. Make about $800 on the dividend capture when I was expecting over $1000. But that ok making up the difference by doing daily and weekly options with QQQ, Coin and AI pulling in about about $300 weekly. Want to be able to do more QQQ daily contracts because I can possibly close early in the week and get another one in.
I first posted about my journey back in December and since then I have been making contributions to get enough money to work with. As I stated in my earlier post my goal is to continue to contribute to my account until I reach $100,000 and I am halfway there. This is June and I will start to regularly report my progress for you to follow.
I will probably continue to make contributions until I reach 100,000 and then I will strictly work off profit. Currently my account is at $56,000 and this is made up from savings, bi-weekly deposits from income and gains from dividend stocks and option trading. This year I will be 59 1/2 and able to withdraw some money from my retirement account without IRS penalty and finish off my contributions.
JEPQ $47.35, 12.27% Dividend Yield, $0.48 Per Share
Ex-Dividend Date: 1 June 2023
Record Date: 2 June 2023
Pay Date: 5 June 2023
Monthly Dividends
JEPI $54.10, 11.45% Dividend Yield, $0.42 Per Share
Ex-Dividend Date: 1 June 2023
Record Date: 2 June 2023
Pay Date: 5 June 2023
Monthly Dividends
I will start my journey by creating a high yield ETF for income (JEPQ/$48) 12.50% yield with 1100 shares for $532 monthly dividend. This ETF has only been around for a year, but for me it's not that it has no history but it's more about the stocks it hold (MSFT, AAPL, GOOG, AMZN) all top players and the ETF has a yield return of 15.66% for 2023.
To start things off, I have watched and invested in many stocks, watch them go up and down in the market. I am not a technical person so reading charts, determining growth and using all the different formula's are still fuzzy to me. Well to cut a long story short, ETF's are more stable to me, they contain all the major stocks within but lack the volatility of individual stocks. The major concern is that we make money, so we not only want the stability in a ETF but we also want it to pay a nice dividend. Most stock advice will tell you to try and keep your portfolio at about 4 to 5% dividend and growth rate but I believe if you are gonna risk your money you should get a decent return on you money, if not going for 10+% then this is not worth the effort.
Hello Fans,
In the 2 plus years of doing this I found that everyone has a different strategy and it may work for what they are trying to accomplish, my strategy will be a little aggressive because I don't think we should take forty years to obtain wealth in the stock market when you can just work and get their. The market is risky and you shouldn't wager your life on it, so keep you safe money away from the market and only use what you can lose.
1 Million by 2033
My goal is to kick this thing off for 2023, and my financial goal is to make it to 1mil in ten years. After reading an listening I feel that no one really has the market figured out but only can guess by what has happened before. So here is my plan. I will initially deposit $2500 in a dividend harvesting acount and activate margins and I will deposit $100 a week into a Roth account, active margins to buy and sell options. I will wait until the Roth account builds a balance of about $1000 before I start trading. In the meantime I will listen to some of the experts on some good option stocks and put a watchlist together. So follow and watch my progress for wealth or Bust.
Hello everyone I started option trading about a year ago and lost a lot of money because I didn't know anything about stocks and thought anyone could do it. I joined several amatuer stock trading pages on facebook and followed a lot of thier advice, picked up some really good stocks and some bad ones. So after losing a ton of money I took some time to read and educate myself, but I still don't have enough knowledge to stay out of trouble. One thing I did learn is that you have to be patient and not get greedy. I am only doing this as a hobby because I am already retired and financially ok. So strictly for entertainment purposes follow me on my journey of dividend harvesting and option trading for wealth or bust.
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