Monthly IBKR Update – Aug 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.

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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 is that I am trying to avoid timing the market as much as possible, similar to DCA but I will be buying multiple stocks.

Portfolio

The number of Fubo shares has reduced to 200 as 2 option calls were assigned, The average price is $4.23

My target still remains at 400-500 shares.

Currently, I have a sell put option of 2 contracts and if it’s assigned at $3.50 then I would have a total of 400 shares. I also place 2 sell-call options at $5. The purpose is to do the wheel strategy where I sell options to collect premiums.

This month I added 35 shares of QYLD. The average price is $18.17

I will be adding more over the next few months or when there are funds available from FUBO options or when QYLD pays out dividends.

The Global X Nasdaq 100 Covered Call ETF (QYLD) follows a “covered call” or “buy-write” strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and “writes” or “sells” corresponding call options on the same index.

The stock has been declaring dividends monthly and the yield is around 12%

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

To date, I collected USD $341.55 by selling options. This is around 11.88% of my capital yield.

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$70.89$0.00$0.00
August$94.65$0.00$0.00
September$82.59$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$341.55$0.00$0.00

For those that prefer to see it in the chart

Author: Ieatandsleep

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