We Sold (Puts) in May and Got Away With 7 Winners

Last Week's Income Report: May 31st, 2022

We Sold (Puts) in May and Got Away With 7 Winners

Last week was the best week for stocks since November 2020, with the S&P 500 up more than 6%. This snapback rally ended a seven-week losing streak that saw the index briefly cross over into bear market territory. Yet, as of midday, the S&P 500 is on track to close roughly flat for the month of May.

May’s roller-coaster ride, which no doubt nauseated plenty of investors, was ideal for option sellers, or at least those who are members of my Options Income Blueprint service.

We closed seven winners this month, booking $263 in cash and earning excellent rates of return.

As you can see, the majority of these trades were open for just a few days, and our annualized return on all but one easily exceeded our 26% goal.

In the latest Options Income Weekly, I discuss last week’s trades and how closing our Delta Air Lines (DAL) position early allowed us to book a triple-digit annualized return.

Let Me Help You Put $1,000 Cash Income In Your Pocket In the Next 30 Days

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