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Posted by Martin July 02, 2017

June 2017 dividend income

I was so busy in June working hard towards my financial independence that I almost forgot that the month is over again. I am very tired these days because I took a second, part time job to make a few more bucks and that income goes towards my financial independence.   With the additional money Continue reading →

Posted by Martin June 27, 2017

TECK June 30 Iron Condor closed (ROTH IRA)

I failed to report opening of this trade when I opened it on June 14. It was such a busy month that I was not always able to report all my trades properly so you can enjoy watching and following my trading journey. At some point in the past my old Iron Condor closed for Continue reading →

Posted by Martin June 26, 2017

STX Aug18 Iron Condor (ROTH IRA)

Our original STX Iron Condor closed today morning for a full profit of $40 dollars. Since the trade is closed, we can now open a new one.   I am placing a new Iron Condor in our ROTH IRA account:   BTO 1 STX Aug18 49.00 call STO 1 STX Aug18 47.00 call STO 1 Continue reading →

Posted by Martin June 26, 2017

New Iron Condor with STX in ROTH IRA

UPDATE: June 26, 2017 (TRADE CLOSED)   Today morning, our STX (Seagate Technology) June 30th 40.00 put strike closed for 0.04 debit. This closes our original Iron Condor completely and we can open a new trade (our calls closed at the beginning of the month for 0.02 debit so we only had puts on).   Continue reading →

Posted by Martin June 20, 2017

AGNC covered call (ROTH)

UPDATE: June 20, 2017 (TRADE CLOSED)   I didn’t expect to get early assigned on this but it just happened. At least, I do not have to wait until expiration to get assigned. Today, I bought back 100 shares of AGNC @ 22.50 a share.   This closes this trade cycle. I do not plan Continue reading →

Posted by Martin June 14, 2017

New Iron Condor using TECK in ROTH IRA

UPDATE: June 14, 2017   We rolled our June 30th 17 strike into November 17, 2017 expiration and 17 strike. We also added new call side creating a new Iron Condor:   BTC 1 TECK Jun30 17.00 put STC 1 TECK Jun30 15.00 put STO 1 TECK Nov17 17.00 put BTO 1 TECK Nov17 15.00 Continue reading →

May 2017 dividend income

May is over and it is time to once again review our dividend income in our ROTH IRA account. It was again another successful month as our annualized dividend income increased. We haven’t received as many dividends as in April but it still was a successful month. In our ROTH IRA we collect income from Continue reading →

Posted by Martin May 25, 2017

Options Trade: TECK Iron Condor trade (ROTH IRA)

Opening another TECK Iron Condor in ROTH IRA:   BTO 1 TECK Jul7 14.00 put STO 1 TECK Jul7 16.00 put STO 1 TECK Jul7 21.00 call BTO 1 TECK Jul7 23.00 call   @ 0.35 credit limit   TECK @ 18.64   Trade executed at 0.35 (or $35) credit.   IV of the trade: Continue reading →

ETE triple play – dividend capture trade

UPDATE: May 22, 2017   The trade executed today morning and we collected 0.35 or $35 dollars credit. Now we will wait until expiration which is in June 23, 2017 for the call either expire worthless (if the stock stays below $19.50 strike) or ends in the money (ITM) in which case we will get Continue reading →

Posted by Martin May 22, 2017

TECK Iron Condor trade (ROTH IRA)

UPDATE: May 22, 2017   The trade executed this morning. As the old Iron Condor closed, this new opened and we are in the trade. We collected 0.35 credit or $35 dollars. Now we will wait for this trade to develop. We also placed buy back orders for both our short legs (to buy back Continue reading →