Hello and happy new market week to my subscribers! We are now well into October and the portfolio is excellently positioned for growth and income.
I bought more GPIQ 0.00%↑ today using the premiums from last weeks options. This has pushed up my GPIQ 0.00%↑ to 616 shares with a monthly payment of over $300. Meanwhile the fund is also growing and I’m sitting on unrealized gains of over $600 so far.
Last Friday I sold LEAP puts on GOOG 0.00%↑ and NVDA 0.00%↑ which generated over $4k in premium. These are companies that will be around for the long term and most likely higher in the upcoming years albeit with volatility.
My idea is to create a option ladder on these as my portfolio margin power grows. While keeping the notional value of all assigned options under 50% of my actual portfolio value, I should be able to generate a decent sum to reinvest into GPIQ 0.00%↑ and growth businesses
This flywheel effect should enhance overall returns and start creating an income engine to further fuel growth opportunities.
If I make any other portfolio moves, I will update this post so that my readers are not overwhelmed with emails :).
As always my content is not financial advice so please do your own due diligence when investing your own money.