Do This Instead of Fighting the Fed

Last Week's Income Report: December 12th, 2022

Top Income Plays for 2023

In the latest Options Income Weekly, I review last week’s results and discuss why the current market requires a focus on very short-term trading. 

I hope you had a happy Thanksgiving.

While we still have a few trading days left in November — and it’s possible we could sneak another winner in there before Wednesday’s close — I want to review our monthly stats today.

We closed seven trades in November — six winners and one loser. Options Income Blueprint members who sold just one contract each netted $165 in cash.

Here’s a quick rundown of November’s closed trades:

Top Income Plays for 2023

For trades opened in 2022, our win rate stands at 91% — 69 winners, six losers and one breakeven trade — and we’ve earned $1,660 in cash.

As I discussed last week, we took our first ever loss in Block (SQ) this month after 40 winning trades in a row. In total, we’ve booked $2,642 in cash with just one contract sold. We’ve averaged a 1% cash rate of return per trade. And with an average duration of 8.6 days, our average annualized rate of return per trade stands at 50%, nearly double our 26%-a-year target.

No one likes taking losses, but as you can see above, we generated plenty of cash to absorb the hit and finish the month well in the black.

Block is a perfect example of how you can view a series of trades as a long-term position. And I expect it will continue to be one of my top income stocks in the year ahead, which is why I chose to cover it in more depth in today’s Options Income Weekly video.

Please take a few minutes to watch the video because your next opportunity to trade SQ may be just around the corner.

Smoother Sailing in 2023

Smoother Sailing in 2023

user
On January 18, 2023

January 17th, 2022Smoother Sailing in 2023 Nothing has changed since the end of 2022, yet traders have already decided that this year won’t be as bad as the last. Bulls have been piling into stocks

The Rise Of Bing Over Google – That’s No Joke

The Rise Of Bing Over Google – That’s No Joke

jeffwood
On January 12, 2023

January 12, 2023 The Rise Of Bing Over Google - That’s No Joke Before we talk about two tech giants getting ready to battle it out once again, let’s look at the overall market. The

Why I Ignore Most Of The News

Why I Ignore Most Of The News

jeffwood
On January 8, 2023

January 9th, 2022 Why I Ignore Most Of The News It’s easy to get caught up in the financial headlines. I’ve certainly done it. Last week shows why I ignore most day-to-day stories. I know

Is Biogen A Buy Or A Sell?

Is Biogen A Buy Or A Sell?

jeffwood
On January 5, 2023

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This Index Never Experienced Two Negative Consecutive Years

This Index Never Experienced Two Negative Consecutive Years

jeffwood
On January 4, 2023

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The Apple Is Rotting

The Apple Is Rotting

jeffwood
On January 3, 2023

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Europe Brings In The New Year With A Bang – Will The U.S. Follow?

Europe Brings In The New Year With A Bang – Will The U.S. Follow?

jeffwood
On January 2, 2023

/*! elementor - v3.5.5 - 03-02-2022 */ .elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#2c2c2c;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:-webkit-box;display:-ms-flexbox;display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);-ms-flex-negative:0;flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:-webkit-box;display:-ms-flexbox;display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{-webkit-box-align:center;-ms-flex-align:center;align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:"";border-bottom:0;-webkit-box-flex:1;-ms-flex-positive:1;flex-grow:1;border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider .elementor-divider-separator>.elementor-divider__svg:last-of-type{-webkit-box-flex:0;-ms-flex-positive:0;flex-grow:0;-ms-flex-negative:100;flex-shrink:100}.elementor-widget-divider--element-align-right .elementor-divider-separator:after{content:none}.elementor-widget-divider--element-align-right .elementor-divider__element{margin-right:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-top:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line)

The Return Of The Holiday Calendar Trade

The Return Of The Holiday Calendar Trade

jeffwood
On December 22, 2022

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Enjoy The Party While It Lasts

Enjoy The Party While It Lasts

jeffwood
On December 21, 2022

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Why The Dollar May Spoil The End Of The Year Rally

Why The Dollar May Spoil The End Of The Year Rally

jeffwood
On December 20, 2022

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