Consistent income with long term option trades.
It’s time to review all the trades this past month in April and find out what needs to be improved.
| Option Ticker | Alert / Purchase Date | Premium (price paid per contract) | Highest Price Since Exit | Exit Price | Close Date | Days Held | % recorded return | % Potential return |
| TWTR220520C38 | 3/2/22 | 2.60 | 10.50 | 10.50 | 4/4/22 | 33 | 303.85% | 303.85% |
| WMT220617C140 | 12/1/21 | 8.50 | 12.90 | 12.80 | 4/4/22 | 124 | 50.59% | 51.76% |
| PARA230120C30 | 11/30/21 | 5.25 | 11.20 | 7.60 | 4/7/22 | 128 | 44.76% | 113.33% |
| SPY220414C445 | 2/28/22 | 8.30 | 18.83 | 0.05 | 4/14/22 | 45 | -99.40% | 126.87% |
| QQQ220414C350 | 3/4/22 | 8.25 | 23.39 | 0.02 | 4/14/22 | 41 | -99.76% | 183.52% |
| AMD220414C110 | 3/4/22 | 7.50 | 16.30 | 0.01 | 4/14/22 | 41 | -99.87% | 117.33% |
| SPY220414C444 | 4/11/22 | 3.90 | 4.05 | 0.10 | 4/14/22 | 3 | -97.44% | 3.85% |
| QQQ220414C343 | 4/11/22 | 4.00 | 6.38 | 0.33 | 4/14/22 | 3 | -91.75% | 59.50% |
| NVDA220429C220 | 4/18/22 | 6.15 | 12.00 | 10.00 | 4/20/22 | 2 | 62.60% | 95.12% |
| FB220520C195 | 4/26/22 | 9.05 | 18.00 | 18.00 | 4/28/22 | 2 | 98.90% | 98.90% |
All 10 alerts we exited this month were profitable depending on when you chose to exit. The picks have been fantastic. So the issue isn’t the option choice and timing of the entry. To keep it real for the service I record the exit price I exit at. So real profits can actually be MUCH higher than I record. Overall this month has a slight profit recorded on the books. Had profits been booked sooner, the recorded gains could have been much higher as you can see from the data above. Officially we’ve all made anywhere between $725 – $3624 in April, depending on your investment level of $1k-$5k per trade.
With the market still being volatile and having huge swings daily 100-200pts it is very important that you set exit levels that you are most comfortable with based on your risk level for your account. Be conservative and take profits whenever 20% hits and at the end of year you will be in a great position. In the past I’ve swung for home-runs and it’s been fruitful, however looking at the data this year, it is better to aim for singles and take the win when given, even if time is on your side for expiration.
Very much looking forward to trading in May!
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