The first quarter of 2022 was the worst for stocks since the start of 2020. Remember that? When the world locked down and the S&P 500 cratered 20% in three months. This year’s decline wasn’t quite so dramatic. The broader market index finished about 5% lower after correcting around 14% from peak to trough.
That’s not to say it’s been an easy few months for investors. I’m sure the sharp sell-off in growth stocks and whipsaw trading action has you showing red on more than a few positions.
That’s true for us as well at Options Income Blueprint. But we’ve been sticking to our strategy of generating income by selling options on fundamentally sound companies. Sure, we’ve adjusted our trading style a bit to meet the current market conditions, but the foundation remains the same.
We booked six winners in March, earning $320 in income. Below is a quick rundown of last month’s closed trades:
As you can see, we made a lot of cash trading semiconductor stocks Micron Technology (MU) and Marvell Technology (MRVL). In addition to being solid companies in a strong trend, these names offer ele
vated volatility, which creates ample option selling opportunities.
As I’ve said before, my goal is not to trade new names each week. It’s to make as much cash as possible.
March’s winners bring our year-to-date cash total to $1,296.
I’m happy with this outcome, especially during such a tough quarter
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