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
This is a trade that you could look for short-term selling but it could eventually be a good time to buy for the long haul
Let’s start walking through a deeper dive into the numbers and see where the market is going from here…
Let’s start walking through a deeper dive into the numbers and see where the market is going from here…
This one company just posted strong earnings at the end of April and has less exposure to interest-rate risk.
Could this one date really mean so much to the US economy? That date is June 1st, 2022. Today’s trade ideas are in the transportation sector…
Taiwan Semiconductor Manufacturing Company (TSM) reported their first-quarter revenue was up 55% year-over-year and they are planning on price hikes in 2023 that will be passed along to their customers.
This is why you read Filthy Rich, Dirt Poor. On April 27, I warned you that the S&P 500 was sending warning signs it would trade lower and told you there are three critical levels of support.
Is this one indicator showing us that there is some relief in sight?
See the one indicator that may predict a market turnaround.
If restaurants weren’t hit hard enough during the pandemic, some of them are struggling to find their footing as food prices soar.
If restaurants weren’t hit hard enough during the pandemic, some of them are struggling to find their footing as food prices soar.
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