Dividend Growth Investing for Financial Independence
It’s time to review my options results as part of my Dividend Growth Journey. My main strategy of trading options is to sell puts options on companies I have on my radar but may be above the price I am willing to pay. I achieved 9K in positive cash flow and $893 in secured income for March. I sold in total 39 options, some with a longer than usual expiration date.
In March a total of 24 companies paid me and I received $686.58 in dividends. My PADI increased to $7,877 and I reached more than 50% of my target for 2021. Additionally, I invested into 7 companies, all additions to existing positions. See all the details in the article.
With the markets reaching new maximums my portfolio also shows some really nice gains. And with it also Snap-On Incorporated (Ticker: SNA) which I first bought last year in April on a limit order. At market close on Friday, 9th of April, it had gone up by $235.59, making it my third home run!
It’s time to review my options results as part of my Dividend Growth Journey. As a regular visitor of my blog you know that I try to boost my income and portfolio value by trading options. February has been fantastic in terms of secured income and the cash flow remained positive. The highlight of the month was the option trade on MSTR, which I closed early.