Monthly IBKR Update – June 2022

Road-To-Financial-Freedom

Background

Got some spare cash on hand and toying with the idea of buying shares with the fund and seeing what is my gain or loss monthly.

I will be depositing S$500 monthly and maybe more when I got more cash available on hand.

Will it be better than keeping it in SSB or savings account?

I shall use the funds once it is available in my IBKR account and not wait to buy. The reason being so is I am trying to avoid timing the market as much as possible, similar to DCA but will be buying multiple stocks.

Portfolio

The number of Fubo shares increased to 400 as 2 option puts were assigned, The average price is $4.23

Fubo Shares

Currently, I have a sell put option and if it’s assigned at $2.50 then I would have met my target of 500 shares. I also place 2 sell call options at $3. The purpose is to do the wheel strategy where I sell options to collect premiums.

I started doing options for the Fubo shares that I held, can’t let the shares sit down there without doing any job.

To date, I collected USD $140.73 by selling options. The value is approximately 8.27% yield from my cost of purchasing the 400 shares.

Month202220232024
January$0.00$0.00$0.00
February$0.00$0.00$0.00
March$0.00$0.00$0.00
April$0.00$0.00$0.00
May$47.82$0.00$0.00
June$45.60$0.00$0.00
July$47.31$0.00$0.00
August$0.00$0.00$0.00
September$0.00$0.00$0.00
October$0.00$0.00$0.00
November$0.00$0.00$0.00
December$0.00$0.00$0.00
YTD Total$140.73$0.00$0.00

Author: Ieatandsleep

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