September 2014 Income
September has always been one of my biggest months. It didn’t disappoint in 2014. Total dividend income for September 2014 was $312.11. In September 2013, I made $186.88; in September 2012, $87.42; and in 2011 it was only $21.59. I like this trend! This amount brings the year total up to $1656.91. Last year I made $1132.01 in total so I am already way above that.
Options were so-so this month. My covered call options on KMI expired for a $9 loss after a roll. (However, I actually lost $29.18 on this trade due to Schwab’s high options trading commissions!) I also bought-to-close put options on BBY and INTU for $29.93 and $41.93 after commissions, respectively.
Unfortunately, my 2 put contracts on GTAT at a strike price of $15 are nearly worthless as the company just declared bankruptcy. I’ll likely have to chalk that up to about a $2900 loss. I’ll write more about this later. I’m not too happy now and hopeful, but not optimistic at all, that a buyer could swing in and prop it up. I have not included this loss in September because the contracts are still open and don’t expire until October 18th.
|Symbol||Dividend Amount||Shares Bought||@ Price|
Total dividends for September 2014: $312.11
Total cumulative dividend income for 2014: $1656.91
Forward 12-Month Dividends: $2607.91
Total option income for September 2014: $42.68
Total cumulative option income for 2014: -$255.85
Full disclosure: Long all the above stocks