Last Week’s Income Report
March 15, 2021
Stocks broadly rallied last week, with the S&P 500 up 2.6%, as bond prices fell sharply.
It was also a good week for us at Options Income Blueprint. We closed five profitable positions. Traders who sold just one contract of each could have earned $440 in income.
This marked our fifth successful put trade on General Motors so far in 2021 and our eighth winner in a row on the automaker. During the past four months, Options Income Blueprint members have brought in $483 in cash from this stock alone.
Herman Miller is another repeat winner. We’ve traded the office furniture manufacturer four times since early October, using a mix of puts and covered calls and netting $266.
And we’ve earned $223 in cash trading CVS Health so far this year. In 2020, we raked in $179 from the health services provider. And we earned $309 from the stock in 2019.
While this was our first time trading biotechnology company Moderna in Options Income Blueprint, I expect we’ll be trading it again in the future. With the stock moving on vaccine news, it now has enough volatility to create attractive premiums for option sellers like us.
Finally, we have Bank of America, which we have been trading successfully for years. Take a look at the income we’ve been able to generate from the bank stock:
The fact that we trade the same stocks over and over again is far from an accident. Rather, it’s a strategy I call “trading the familiar.”
My job is not to find the most income stocks to trades. It’s to find the best income stocks to trade.
When I’ve found a great income stock, I stick with it — selling options against it over and over to generate income.
One of the added benefits of trading the familiar is that I become very attuned with the underlying stock’s movements. This helps me select strike prices and time our entries.
So, Options Income Blueprint members can expect to see more trades on these and other familiar names in the weeks and months ahead. Because as you can see, this strategy is working!