The first month of the year is behind us. Time flies when you have fun! Let’s see what we earned this month.
In Januari, I made 168,51€ with trading options. This is on the low side, compared to my 2016 average performance of 250€ per month.
How can that be?
- Still sweating out my gold miner trades from the summer of 2016.These positions eat up 25 pct of my maximum allowed trading capacity.
- There is another postion I have that now blocks 10 pct of my trading capacity as the put is deep in the money
In total, 35 pct of my capacity is being used by in-the-money puts. As I want the premium, not the assignment, I try to roll myself out of the positions. This can take time and while doing that, I have no realised gains to report! That is the consequence of my trading style. Others might trade via a different strategy and take the loss in a position rather than let that position eat up trading power.
One valuable lesson for me so far is that my option trading income can not yet be seen as a reliable income source. The monthly difference is quite big. I hope to have stable growing income with my yearly income. Let’s see what 2017 brings (and if the Belgian government has a surprise on the downside for us, like they had end of 2015)
Dividend and Capital gains: 0€
The month of January had 0 extra € for me. At the core, I am not a dividend investor (yet), so it is more than normal to get nothing paid out to me.
Just today I started an experiment with dividend stocks and options. I have reserved a part of my money for that. There should be an impact on either my dividend income, or even better, my premium income. Stay tuned for more info.