In the latest Options Income Weekly, I review one of my favorite “story stocks” and how it became a huge winner for us.
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:
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.
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