Last Week’s Income Report:
May 31, 2021
The S&P 500 notched its fourth consecutive month of gains in May. While the index rose less than 0.6% for the month, stocks made some big swings.
The S&P 500 hit a high of 4,238.04 on May 7. It then cratered more than 4% in just three trading days — the sharpest three-day decline in nearly seven months.
This was followed by a quick rebound and another fast sell-off. But stocks managed to close the month in the black after regaining upward momentum in the final week and a half of trading.
A big reason for the volatility in the early part of May was worries about inflation and whether it would cause the Federal Reserve to raise interest rates and taper asset purchases.
But those fears seemed to abate as the month wore on. Investors appeared to grow more comfortable with the inflation outlook and economic recovery, and comments from Fed officials about potentially reducing asset purchases were taken in stride.
What’s more, stocks largely shrugged off last month’s massive rout in the cryptocurrency market.
It’s possible — likely even — that we have not seen the last of the inflation monster or crypto-related volatility. But I like where the market is positioned for option sellers headed into June.
After a red-hot April, in which Options Income Blueprint members closed 13 successful positions, earning $1,398 in income, our pace of trading slowed a bit in May.
But members still booked seven winners in a row. Traders who sold just one contract of each position could have earned $611 in cash.
Below is a quick rundown of May’s winners.
And here’s a look at our total income generated so far in 2021:
On average, we’ve earned just over $830 a month this year. If June yields a similar result, we will book nearly $5,000 in income for the first half of the year.
I’m very happy with how 2021 is shaping up thus far and looking forward to what June has in store for Options Income Blueprint members.
Have a safe and happy Memorial Day. And thank you to the brave men and women who have made the ultimate sacrifice.