Another pretty good month for the markets in March, although the honeymoon between Trump and financial markets is probably looking at a close, we have seen some good numbers and generally an upbeat situation. Brexit is now a reality and finally there was no overreaction from the markets, it has to be said that inflation in the UK rose strongly (it was to be expected), but we could say that “so far, so good”. Negotiation with the EU will be long, we’ll see what happens there. Europe has been quite well, it recorded a good win in Holland from a pro-EU party, and we are about to enter French and German election territory. Some turbulence is bound to come, maybe it will open up some opportunities in a high market.
Another record in March 2017 in terms of TR, February is beaten by almost 1% point, a huge result in just one month. Markets have been buoyant and started some correction (mild one I have to say) only now in April. Shares of the LH fund are now worth 108,15 euro per share.
Options Yield goes at 6,23% vs. a Dividend Yield of 5.16%, my expectation is to see Option Yield growing at a much faster pace in the future, target is to hover around 10% with the option returns.
March was another positive month with an aggregate result of 1692 Euro. 1093.38 came from Options and the rest (598.33) from Dividends.
Dividends “YoY” mark an increase of almost 75,3%, result that makes me incredibly happy. There are some explanations here, mostly due to the trading style that I am moving into. By trading “options plays” I effectively earn extra dividends, without holding the stocks for long (when successful). Without these plays numbers will be a bit different I guess, but always on the rise anyhow.
Options gave a major boost this month thanks to some positions that I managed to close that I was carrying on for a long time. Rolling means locking profit for longer expiry and when you get out of a losing trade all the profit comes back in. On top of that I had a good month with options. April will be a very low one as I have many positions that will require me to roll options to further strikes.
Anyhow second month in a row above 1000 euro, so I cannot complain at all.
None to report
New Positions – Sold Positions
Sold 1000 LON:OML @ 205 GBP – This was actually an option that was executed before expiry (1 month before expiration!!), I really did not want to sell these stocks but it’s part of the game of trading options. As a result I lost part of the dividend, but made a profit with the sale. Will look into buying into the stock again soon.