A CPA and a doctor striving for financial freedom. Sharing our journey and lessons learned. ๐ฐ๐ฐ๐ฐ | Covered Calls๐ | Cash Secured Puts๐ธ | Dividends ๐ต |
I hate money sitting around doing nothing, so my emergency fund is invested in 1-3 month CDs/Treasury Bills making 5%+ annual yield.
Where do you keep your emergency fund?
I was a dividend investor until I learned about cash secured puts and covered calls.
Now $GOOGL $META $TSLA and $AMZN pays me more than $JNJ $PG and $O ever could.
#Optionselling
#OptionsTrading
#investing
Drives me nuts to see portfolios like this:
25 shares of $SPY
30 shares of $DIA
15 shares of $QQQ
20 shares of $SCHD
Just focus on one ETF and get it to 100 shares!
Getting to 100 shares to sell covered calls is more important than diversifying already diversified ETFs.
I've made $279.96 by selling CSPs on $MMM since May 22, 2023 using $9500.
That's about 13% annual yield without holding the stock.
Not a home run. Just singles stacking up.
#Optionselling
#investing
Budgeted $5,000 for our honeymoon to the Maldives and spent just under that at around $4900.
Do you think we spent too much or too little on the honeymoon? ๐๐
PSA: Buy $SPY instead of $VOO if you can sell covered calls, $SPY has better premiums.
If you aren't selling covered calls, then buy $VOO for the lower fees.
Have a great Saturday ๐
Thank you all for 1,000 FOLLOWERS!! ๐ฅณ๐ฅณ
Happy to have met all of you and special thanks to those regularly commenting and sharing insights ๐
To celebrate, Iโll be providing copies of my Options Tracker in the coming days!
Stay Tuned!
I got assigned 100 shares of $SPY and $QQQ. Will sell covered calls on these now!
Aiming to sell covered calls for around 0.15 delta.
Still selling CSPs and CCs for individual stocks though!
#optionselling
#investing
I swear the moment I decide to buy $AAPL and $MSFT is when the market will realize they are overvalued.
Can't believe $AAPL is still at $150 and $MSFT is near $260.
Selling cash secured puts can change your life.
I used to worry about stocks I own going down.
Now, I worry about stocks I DON'T own going down as well.
#Optionselling
#investing
My portfolio has 64% in cash right now.
Selling cash secured puts lets me earn 10-20% while waiting for stocks to fall in my buy range.
#optionselling
#investing
Just spent $4K on a trip to the Maldives with the fiancรฉ, very-soon-to-be-wife.
Let me have it
#FinTwitt
, how many more years do I have to wait to retire now?
Do people really believe big banks like $JPM $BAC and $C will be in trouble?
If anything, they might get stronger after this if smaller banks are wiped out.
Selling CSPs and CCs was one of those "too good to be true" things that turned out to be true for me.
Not sure if anyone else felt the same when first learning about it.
#Optionselling
#investing
I share my portfolio performance to show my journey and be transparent.
Also, what's the worse that could happen? Guys on the internet calling me an idiot?
Well, get in line buddy. There's people waiting to do that in real life.
A few CSPs assigned in Fiancรฉ's portfolio last Friday! ๐ฅณ
100 shares $JEPI @$53
100 Shares $SCHD @$72
Sold CCs on these shares (4/21 Maturity)
1 Contract $JEPI - $55 for $4.34
1 Contract $SCHD - $76 for $4.34
Little premium given low beta, but collecting dividends as well!
Added these stocks through CSPs last week
$TROW - $11,000
$BAC - $6,400
$C - $4,500
$MED - $11,000
$DELL - $4,000
$ALLY - $2,800
Sold covered calls on all of these today!
#Optionselling
Similar to $TROW, $AXP is another lower beta stock that has been great for premium income this year.
I've made $1,010.65 this year since 1/23/2023 with $15,500 capital.
That's 6.52% in about three months!
#Optionselling
#investing
Forget about the premium income from selling options for a second.
Where else can I sell things without providing customer service? That's my favorite part about selling CSPs and CCs.
#Optionselling
Stocks I've made most option premiums in 2023 so far
$MED - $768.81
$META - $532.82
$GOOGL - $313.83
$PYPL - $319.83
$TROW - $228.83
$TSLA - $179.17
Don't currently own any of these, but hope to own soon if market keeps falling!
#Optionselling
#investing
Made $1,563.38 in option income in May.
Not the greatest month for me, but adding more funds every month to increase capital for CCs and CSPs.
$AXP $TROW and $UDOW were my highest option income earners.
#Optionselling
#investing
Some CSPs I sold on Tuesday, all contracts expire 3/17.
Sold 1 $TSLA - $130 for $60
Sold 1 $META - $155 for $169
Sold 1 $GOOGL - $89 for $174
Sold 1 $PYPL - $70 for $163
Sold 1 $AMZN - $80 for $39
Sold 1 $TSM - $80 for $74
Sold 1 $MED - $110 for $550
#OptionsTrading
#investing
Controversial move. Sold out of $SPY and $QQQ today.
Initially bought it as a liquidity play, not for fundamentals. Sold $SPY at small gain and $QQQ at small loss.
Back at 50%+ cash.
Will sell CSPs with the capital.
February '23 Options Stats:
51 Total Options
32 Covered Calls ๐
19 Cash Secured Puts ๐
$1,909.94 Total Premium
Lower than January, but this was expected. VIX decreased and stock prices went up, making CSP premiums significantly lower.
If $SPY goes sideways for next 5-10 years like I expect, learning how to sell CSPs and CCs is the best thing you can do for your investing journey.
#Optionselling
#investing
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Thank you all for 404 followers! Appreciate each and everyone of you ๐๐
Hope to continue sharing my investing journey with you all!
Tesla $TSLA Q4 Earnings Today!!!
Revenue Est: $24.32B (+37%)
EPS Est: $1.11 +31%
Looking For:
Gross Margins
Cybertruck Update
Semi Demand Update
Buyback?
Price Cut Impact On Demand/Margins
Giga-TX/Berlin Ramp Up
New Gigafactory Sites?
Conference Call 5:30 EST - Video To Follow
I've only been on tweeting for less than two months, but the
#fintwit
and
#DivTwit
community has been incredibly supportive.
Both up and down days are a bit better with you all :D
Update on goal to invest $39,000 this year.
Invested $6,209.22 as of today, which is 15.92% of the way there!
๐ฉ๐งโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ
Slightly behind because the Japan ๐ฏ๐ต trip set me back a bit more than expected ๐
Still have some catching up to do! ๐โโ๏ธ๐โโ๏ธ
My goal is to invest $39,000 in 2023.
That is:
$3,250/month
$750/week
$106.85/day
I've invested $2,600 so far, so a little behind. Have some catching up to do!
Goal this year is to add $39,000 into my investment account. Currently at $16,503.64.
๐ฉ๐ฉ๐ฉ๐ฉ๐งโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ
Two vacations this year set me a bit behind, but still possible for me to hit this goal!
#investing
$JEPI CSP early assignment for fiancรฉs portfolio on Wednesday at $55.
Sold a $56 CC expiring July. Will collect dividends during this time.
Man the premiums are not great on this stock ๐
#Optionselling
#investing
Today on BAD money decisions:
A friend, WITHOUT an investment account, just bought a $200 concert ticket.
She also told me she's too broke to invest.
Instant gratification can be very hard to resist for some people.
#investing
#personalfinance
$TROW has been one of the best stocks for premium income for me this year.
I've made $692.81 on $11,000 capital since January 23. That's 6.3% in three months (excluding stock price gains).
I swear people better not get bullish on bank stocks after telling me how risky I was for owning and selling CSPs on $BAC, $C, and $ALLY a month ago.
#Optionselling
#investing
My friend said lottery tickets are a tax on the poor, because they don't know the odds aren't in their favor.
Lotto tickets, to me, is just a movie ticket. Source of entertainment for $10, then you leave.
Thoughts? ๐
Are there actually any permabear investors out there?
It just sounds super dumb.
How is anyone a permabear after seeing what $SPY has done over decades?
CSPs I sold for fiancรฉ's portfolio in February all 3/17 maturity.
Sold 1 $TLT - $95 for $21.34
Sold 1 $TLT - $90 for $3.34
Sold 1 $SCHD - $72 for $23.34
Sold 1 $JEPI - $53 for $24.34
Sold 1 $HPQ - $24.5 for $5.34
Sold 1 $TSM - $75 for $20.34
#OptionsTrading
#investing
I'm no dividend investor, but I do own dividend paying stocks that I'm currently selling covered calls on!
$TROW
$BAC
$C
$CVS
$ALLY
$HPQ
$MED
Making an extra ~3% on top of
#dividends
and capital appreciation feels nice!
Got paid yesterday!
Investing at least $3,250 since thatโs my monthly goal, but might invest more this month ๐ช๐ช
Thatโs at least 3,250 extra employees!
#investing
#personalfinance
Sold 10 $160 $SPY CSPs expiring 4/21, $0.01 premium
If assigned, these will be on margin, so I'm being as careful (maybe overly cautious).
$SPY will have to drop 60% in a month and a half for shares to be assigned.
For all you value investors wondering why $NVDA continues to hit all time highs, I have the answer.
It's because I haven't bought it yet.
Once I decide to sell a CSP on $NVDA, it'll crash back down to $200.
Remember how bad it felt in September/October 2022 when $SPY and $QQQ got crushed? ๐๐๐
Well, that just might again. Remember to be a buyer if we head lower!
Stocks I'm trying to add:
$META
$PYPL
$TSLA
$GOOGL
$AXP
There are still a lot of money to be made in flat markets ๐ธ๐ธ
Selling cash secured puts and covered calls are great ways to make money when markets are flat.
Get paid to wait for stocks to get to your sell/buy price!
People forget the S&P500 can stay flat
1970-1979 it returned 5%
2000-2007 it returned 0%
$10,000 invested in Sept' 2000 would have taken 13 years to get back to profit
This game requires patience
It sounds a little cringe saying you want stocks to go down, but I really do want stocks to go down!
I'm looking at you ๐๐ $TSLA, $META, $PYPL, and $TROW.
I took a 1.94% variable rate loan to invest in CDs and US Treasuries yielding over 4.5%.
But according to
@theDividendKid
, there's no such thing as good debt.
Someone on Twitter told me last week low beta blue chip stocks like $PG are risk-free from price movements in BOTH short and long term.
Idk about you, but sounds like a top indicator to me.
PSA! Friendly reminder that
#FOMC
won't effect your investments in the long-term.
#Powell
can do whatever he wants, but I'm focusing on company fundamentals ๐
#investing
In addition to the options tracker, I'm also providing the calculator I created to compute annual ROI for selling CSPs!
Will have it available in the coming days.
Want to show my appreciation for you all helping me reach 1,000 followers!๐ฅณ๐ฅณ
Can't believe there are financial twitter accounts that are investing while paying 20%+ interest on credit card debt.
The only investment you should be making is paying down credit card debt.
My income progression in the first few years of my career ๐
22y/o - $50,000
23y/o - $57,500
24y/o - $70,000
25y/0 - ????? Hoping to see $85,000
Still not high by any means, but hoping to improve every year.
Heard someone say โdonโt be shareholders of the company you work atโ.
The reason is diversification. If the company goes under, you lose both your job and stocks.
Do you agree with this? ๐๐
Received 3 dividend payments so far this month
$TLT - $26.80
$MED - $165
$ALLY - $30
It's nice to see extra income on top of the covered calls and cash secured puts.
#dividend
#DivTwit
Iโve really enjoyed trading short term (1-2 day) cash secured puts.
Been doing this for $SPY $QQQ and $DIA the last couple weeks and will share some results tomorrow!
#Optionselling
#investing
Signed a tuition reimbursement agreement with my company for an MBA program!
Wasn't planning on going for an MBA due to cost, so I'm very grateful for this opportunity ๐
About to add this to my resume ๐คฃ
"I sell derivative financial instruments to a multitude of customer bases including large corporations and private individuals".
AKA I sell CSPs and CCs๐
#Optionselling
Friendly reminder that the CPI print won't effect your investments in the long term. Just enjoy the market freak out one way or another!
Have a good evening ๐๐
My brother just told me he is all-in $TSLA.
We have very different investing styles. Wish I had the guts like him, but Iโll stick with my diversification ๐
Donโt wanna be losing sleep
When you're 50% in cash, but your portfolio still falls harder than $SPY and $QQQ because the beta is so high.
Stocks killing me today
$APPS
$OSTK
$MU
$CRSR
$GPRO
$SNBR
Update on goal to invest $39,000 this year.
Invested $10,107.25 as of today, which is 25.92% of the way there!
๐ฉ๐ฉ๐งโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ
All caught up on my goal and even slightly ahead now!
That's an extra 10,107.25 employees working towards my financial freedom.
I'm 24 years old. I want money, I don't want freedom.
I'd gladly work >70 hours a week if that meant I get paid more.
Unfortunately, I can't find an efficient way to increase income outside of my 9-5 :/
Added $3,133.13 to the investment account in April!๐ฅณ
On average, that is
Annualized: $37,597.56
Weekly: $783.28 ๐ธ๐ธ
Daily: $104.44 ๐ด๐ด
#investing
#Optionselling
#personalfinance
Update on goal to add $39,000 to investment account this year.
Added $13,240.38 as of today, which is 33.94% of the way there!
๐ฉ๐ฉ๐ฉ๐งโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ
Invested a little less this month to cover tax expenses.
Onto May!
Friendly reminder to pay off your credit card first before investing.
There's no other place to make 20% guaranteed AND tax free returns than paying down credit card.
Have a good evening ๐๐๐๐