Eleven days ago I sold 1 ESV covered call and received a $112.30 premium after fees. Today I went ahead and closed the position which cost me $58.70 after fees. Essentially I have earned 50% of the premium in under two weeks. Not too bad!!
So I ended making a net of $53.60 for less than two weeks of work.
I also received my quarterly dividend from ESV today in the amount of $39.72.
Comparison
- ESV Covered Call (11 days) --- $53.60
- ESV Dividend (90 days) --- $39.72
- Total ESV Income --- $93.32
I'm also excited about posting my first ever photos from my phone.
Nice job with your options trade. Seems like a few of the dividend bloggers are doing OK with options.
ReplyDeleteDivHut,
DeleteThanks. I don't plan on getting to involved with options. I plan to mainly sell covered calls and perhaps a put every once in a while. It is nice to juice up the dividend income a little here and there.
MDP
You might want to consider switching to a cheaper broker like Interactive Brokers.. You would have paid something like $2 in total commissions, rather than $15 with Sharebuilder. My stock trades usually cost 35 cents/trade there..
ReplyDeleteDGI,
DeleteThanks for the info. I probably won't engage too much in options, so I don't know that I will add a third brokerage account. So far I have only dabbled in a few covered calls. If I ever get more aggressive, I will look to make a change.
MDP