Last Week’s Income Report:
April 1, 2021
We closed the books on the first quarter of 2021 Wednesday, and it was an interesting one to say the least.
The quarter began with the Reddit-fueled rally of GameStop (GME) and other meme stocks. And it ended with the meltdown of Archegos Capital Management that left some major banks holding the bag. In between those events, you had celebrities touting blank-check companies, an epic run in cryptocurrencies and people with too much money spending it on non-fungible tokens.
Despite all the drama, the S&P 500 gained 5.8% for the quarter thanks in part to optimism about an economic recovery. And even the Nasdaq, which sold off sharply between mid-February and early March, added 2.8% for the first three months of the year.
The first quarter was a profitable one for us at Options Income Blueprint. Members who sold just one contract of every option we traded could have earned $2,644 year to date.
Below is a quick rundown of last month’s winners. We closed 10 successful positions in a row in March.
There are some familiar names on that list, including Bank of America (BAC), General Motors (GM) and Corning (GLW).
Anyone who knows me knows I love trading the familiar and have no problem going back to the well, so to speak, on my favorite stocks when there’s income to be made.
However, we also added a few new names to our trading repertoire. These included therapeutics and vaccine developer Moderna (MRNA) and the iShares Global Clean Energy ETF (ICLN).
Heading into the second quarter, I’m confident we’ll continue to make a ton of cash trading a mix of old and new. While investors’ appetite for risk may ebb and flow in the coming months, I know we have a solid strategy for generate a steady stream of income.