Right now, I enjoy the green green grass on my option trading prairie… The results YTD just blow me away. I have never imagined making this kind of money from options. I do know that I need to keep my feet on the ground. Bad times will come. Hence, I work on my risk management and reporting tools all the time.
In April, I made 694,23€ in realized P&L. This is the amount of money that I made from selling options and buying them back. It is the net profit after trading fees and taxes.
In April, a total of 13 stock/ETF are part of my profit generating machine. When i look back, I have added a few new names to my list of candidates.
Having a long list of inspiration for trades is important. Not all stock move all the time in the same direction. With a long enough list, there comes along regularly an opportunity.
The mont of May will be a more challenging one, for multiple reasons
- I keep my powder dry in the run towards the french election. Trump could not win. Le pen can not win either… It might create trading opportunities or hit me hard…
- Too many ITM positions for the moment. And the ex-dividend date on these positions is only a few weeks away… When I get a assigned the stock, I block a lot of my capital in these names.
None… In May/June some dividend should hit my account again.
YTD annualized results
Recently, I added a annualized metric to my reporting tool. The results so far are awesome. Keep in mind that a big part is due to the use of Margin or leverage. That means that not all my positions are covered with cash. Do not try this at home, unless you know what you do. For every 100€ risk I take, I have 58€ in cash.
How was your April?