Updates from April, 2017 Toggle Comment Threads | Keyboard Shortcuts

  • eurfi 7:01 on 2017-04-29 Permalink | Reply  

    April 2017 – Options Income 

    April was a very good month for my put selling strategies. Unfortunately, the weaker Dollar reduced my profits from 1.900 Dollars to just 400 Euros.

    Far OTM option selling (MTM)

    • January: +1.9k
    • February: +0.5k
    • March: +0.9k
    • April: +1.1k

    Far OTM option selling (closed trades)

    • January: +1.6k
    • February: +0.8k
    • March: +0.4k
    • April: +1.5k

    Second account (MTM)

    • March: +0.3k
    • April: +0.8k

    Second account (closed trades)

    • April: +1.1k

    The relief rally after the french election was very positive for my put selling strategies. Unfortunately, my main accounts suffered from the strong up move. Even the stocks I have (mostly REITs) could not profit.

    The challenge now is to (quickly) fill the inventory to be able to earn money in May. Yesterday I opened a first position and intent to open at least two more next week.

    • Financial Independence 11:43 on 2017-05-03 Permalink | Reply

      Hi eurfi,
      I quite benefited from strong euro and moved a lot from eur to weaker usd. I do not think that PIGS and the Brexit will help the stability. Congrats on the first cruise. I have been looking into one myself but decided to postpone it for the time being.


      • eurfi 14:30 on 2017-05-04 Permalink | Reply

        I can report afterwards how we liked it. Maybe we do it too early – one kid is still on diapers…


        • eurfi 23:01 on 2017-06-03 Permalink

          There is day care for kids on board. Unfortunately they did not accept our youngest kid (because of the diapers). But next year it will be a great vacation. We all liked it, our kids more than my wife. But it was okay for her too.


    • Team CF 14:14 on 2017-05-08 Permalink | Reply

      That is quite the options income for April! Well done. It already covers about a third of your expenses for the month (pays for the cruise charge actually šŸ˜‰ )


      • eurfi 23:07 on 2017-05-08 Permalink | Reply

        I look at MTM numbers. So, 1.9k is usually more than half of our expenses. Yes, the cruise is covered. šŸ™‚
        April was really good for put selling.


  • eurfi 23:10 on 2017-04-03 Permalink | Reply  

    March 2017 – Net Worth and Expenses 

    During March I had the impression it would be a slow month (meaning: not much progress), but in the end it turned out 2.3 % gain.

    • brokerage accounts 302.8Ā (+3.5k)
    • ETFs 14.2k (+1.3k)
    • cash 19.7k (-3.7k)
    • alternative investments 39.7k (+5.9k)
    • taxes 0
    • total 382.3k (+8.2k) [+2.2%]

    Like last month, if there are changes in “cash” and “alternative investments” I bought or sold some investmentsĀ (similar to peer-to-peer lending).

    Monthly Expenses

    • January 5.2k
    • February 2.5k
    • March 2.1k (Update: 2.5k)

    I really tried to stay below 2.0k, but I didn’t make it. I had some purchases, that I delayed or didn’t make, but in the end I was about 130 Euros over my goal. Update: I forgot one expense (it was on credit card andĀ the bill came on 5th of April). We are going on a cruise soon and I partially paid for the trip.

    Quarterly Goals

    Every quarter I set some goals (or more like a direction) for the upcoming quarter. In Q2 I would like to spend more time with my kids outdoor (in the forest or by bike). Another topic is “simplify” – I would like to get rid of some stuff. My wife already sorted out her clothes (a huge pile). I have a hard time to say good bye to still functional clothes. (Although my wife has sometimes a different opinion about what is still okay and what not.)

  • eurfi 20:07 on 2017-04-01 Permalink | Reply  

    March 2017 – Options Income 

    Like mentioned last month, I opened a new account and trade a similar strategy. The starting capital is 20k (US Dollars).

    Far OTM option selling (MTM)

    • January: +1.9k
    • February: +0.5k
    • March: +0.9k

    Far OTM option selling (closed trades)

    • January: +1.6k
    • February: +0.8k
    • March: +0.4k

    Second account (MTM)

    • March: +0.3k

    There are no closed trades yet in this account.

    March was in line with my expectations. I did not trade the full position in my second account (testing waters). In an average month I expect to earn 900 + 400 (MTM – market-to-market).

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