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Apologies for the late post on my passive income report. I usually try to get it out by the 6th of the month due to Ally bank posting the interest savings around that time frame. This month was a rocky one as the market dipped so much that I was barely able to do my normal puts options trading. But in any case I was able to make over $3,000 this month with very little room to work with.
1. Dividend Stocks
Overall, not much activity here except my month dividend stocks.
Total Dividend Income: $31.31
- GAIN: 14.69
- GLAD: 5.96
- MAIN: 4.33
- O: 1.96
- FTHI: 1.61
- SCHD: 0
- MISC: 1.34
- Share Lending: 1.42
2. Option Trading
Since the market dropped quite a bit this month I wasn’t able to utilize my option trading strategy. I usually do a ton of put options to generate income then I either roll forward the put option to a further date or do covered calls if they get assigned.
Below is a breakdown of all the premiums I earned for the month:
- Covered Calls: $828
- Cash-Secured Puts: $2,483
- Credit Spreads (None): $24
3. High-Yield Savings
Most of my savings in my Robinhood account was used up in option trading hence my savings income took a hit this month. I’ll probably take another hit next month due to paying the first installment of property tax and estimated taxes from all my investments.
- Total Income from High-Yield Savings: $92.52
4. Atlas Earth
Earned another 20 dollars this month again. I still haven’t been able to collect enough in game currency to buy enough land to get to the next tier of payments. I’ll probably have to subscript to their platform for $49.99 a month to collect daily in game currency to speed up the process. Currently I have around $130 cash I generated in game that I haven’t exchanged for in game currency.
- Total Income from Atlas Earth: $20
5. Amazon KDP
Similar to last month I sold another three books this month. I was thinking of creating books again, but I just need to find the time to do so.
- Total Income from Amazon KDP: $10.91
Total Passive Income For This Month
- Total Income from All Streams: $3,489.74
Here’s the full breakdown of my passive income for the month:
- Dividend Stocks: $31.31
- Option Trading: $3,335
- High-Yield Savings: $92.52
- Atlas Earth: $20
- Amazon KDP: $10.91
Final Thoughts:
I was hoping to make over $5,000 this month, but unfortunately the market crash so much that I couldn’t do much put option as that was my main strategy to generated additional income. Hopefully next month will be better. We will see.
