Tuesday, December 31, 2019

Dividend Increases: December 23-27, 2019

Monitoring dividend increases for stocks on my watch is one way to identify candidates for further analysis. Companies can only increase their dividends regularly and sustainably if earnings grow sufficiently.

I monitor dividend increases in the Dividend Champions List [CCC list].

In the past week, one company in the CCC list decided to increase its dividend. The dividend increase happens to be a double-digit percentage increases!

Monday, December 30, 2019

The 57 Dividend Aristocrats Ranked By Quality Score

The S&P 500 Dividend Aristocrats Index is a list of companies in the S&P 500 that have increased their dividends for at least 25 consecutive years. The list is maintained by Standards & Poors and updated each January.

I use the DVK quality scoring system to rank the Dividend Aristocrats. There are 39 Dividend Kings in the highest-quality category with quality scores in the 20-25 range.

The article includes tables listing key metrics, quality indicators, the so-called Chowder number, as well as fair value estimates. High-quality Dividend Aristocrats trading at or below fair value are suitable for further research and possible investment.

Saturday, December 28, 2019

Expired Options (December 2019)

Two options I'd sold were slotted to expire on Friday, 20 December.

When options expire, the obligations I have related to those options seize to exist. For puts, there no longer is a chance that I would have to buy shares and the margin that was set aside as collateral gets released. For covered calls, there no longer is a chance that my shares will be called away.

Expiration creates an opportunity to replace some of the expired options with new ones in the coming weeks. In this article, I provide a summary of expired options and discuss potential replacement trades.

Additionally, I discuss what happened with in the money options that would have expired this month. Sometimes, I decide to roll forward such options to avoid assignment. The alternative is doing nothing and waiting for an assignment.

Thursday, December 26, 2019

7 High-Quality Dividend Growth Stocks Trading At Or Below Fair Value

This article presents 7 high-quality and discounted dividend growth [DG] stocks with a high likelihood of delivering annualized returns of at least 8%.

For each stock, I present key metrics, quality indicators, a fair value estimate, and the so-called Chowder number.

In my view, the stocks are good candidates for further research and possible investment.

Wednesday, December 25, 2019

DVK Quality Snapshots

David Van Knapp [DVK] presented an elegant and effective system to assess the quality of dividend growth [DG] stocks in this article on high-quality, high-yield DG stocks. The system employs five widely used quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 25 points.

I've adopted the system (called Quality Snapshots) as the primary way I assess the quality of dividend stocks. While there are other factors I consider when selecting stocks for possible investment, I love the simplicity of Quality Snapshots. It does a remarkable job identifying high-quality stocks!

Tuesday, December 24, 2019

10 Dividend Growth Stocks For December 2019

The Dividend Champions [CCC] list is a wonderful resource for dividend growth [DG] investors. It contains more than 800 stocks trading on U.S. exchanges that have paid higher dividends for at least five consecutive calendar years. An accompanying spreadsheet provides valuable data and is updated monthly, courtesy of SA author Justin Law.

In this article, I rank a subset of the CCC stocks and present the 10 top-ranked stocks for consideration. I now use a ranking system derived from David Van Knapp's quality scoring system, which employs five widely used quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 25 points.

This month I decided to rank CCC stocks that have high 5-year dividend growth rates [DGRs] and strong 5-year performances.

Monday, December 23, 2019

Dividend Increases: December 16-20, 2019

Monitoring dividend increases for stocks on my watch is one way to identify candidates for further analysis. Companies that regularly raise their dividend payments show confidence in future earnings growth potential.

I look for dividend increase announcements for stocks in the Dividend Champions List [CCC list]. This week, 8 companies in the CCC list announced dividend increases, including two of the stocks I own.

Three of this week's dividend increases are double-digit percentage increases!

Sunday, December 22, 2019

The 28 Dividend Kings Ranked By Quality Score

Dividend Kings are companies that have increased their dividend payouts for at least 50 consecutive years. These are remarkable companies that have maintained regular dividend increases even in periods of economic recessions, market crashes, technology revolutions, and shifting consumer tastes.

David Van Knapp presented an elegant quality scoring system in this article on high-quality, high yield dividend growth [DG] stocks. The system employs five widely used quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 25 points.

introduced slight modifications to the quality scoring system and presented a way to break ties to allow stocks to be ranked. In this article, I use a slightly modified version of David Van Knapp's quality scoring system to rank the 28 Dividend Kings.

Friday, December 20, 2019

Goals for 2020

I like setting challenging but achievable goals. Challenging goals demand extra effort and focus. They require commitment, patience, and constant monitoring. Sometimes, when progress is not sufficient, they require a course correction.

It is not beneficial to set goals that are too easy to achieve. Such goals don't require special effort and are uninspiring! Furthermore, achieving easy goals won't give you a special sense of accomplishment.

In this article, I'm presenting my goals for 2020.

Wednesday, December 18, 2019

Top Holdings Of Dividend ETFs (Part 3: Hidden Gems In November 2019)

Part 1 of this article presented the top 50 holdings of 50 Dividend ETFs, while Part 2 showcased the seven top-ranked stocks by GICS sector. My ranking system uses a proportional scoring system that favors larger investments and larger ETFs.

The top-ranked stock in November 2019 is Apple (AAPL), followed by Microsoft (MSFT), AT&T (T), and Verizon Communications (VZ).

In Part 3, I'm showcasing high-quality stocks not covered in Part 1 and Part 2 of this article. These are hidden gems that may be of interest to contrarian investors, who seek investment opportunities outside the prevailing sentiment of the time. And, certainly, highlighting the top holdings of dividend-paying ETFs is an attempt to capture the prevailing sentiment of the time (at least for dividend investing).

Monday, December 16, 2019

Dividend Increases: December 9-13, 2019

One way to identify dividend growth stocks for further analysis is to monitor dividend increases. Companies that regularly increase their dividends show confidence in the potential growth of future earnings.

I look for dividend increase announcements for stocks in the Dividend Champions List [CCC list]. This week, 18 companies in the CCC list announced dividend increases, including three of the stocks I own.

Five of this week's dividend increases are double-digit percentage increases and two of the stocks in my portfolio happen to in the list!

Monday, December 9, 2019

Dividend Increases: December 2-6, 2019

This article series provides a weekly summary of dividend increase announcements. I monitor dividend increases to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Four of this week's 19 dividend increases are double-digit percentage increases and two of the stocks in my portfolio happen to in this list!

Sunday, December 8, 2019

Top Holdings Of Dividend ETFs (Part 2: The Top 7 By Sector In November 2019)

In Part 1 of this article, I presented the top 50 holdings of 50 Dividend ETFs, ranked by using a proportional scoring system that favors larger investments and larger ETFs.

The top-ranked stock in November 2019 is Apple (AAPL), which appeared in the top 25 holdings of 26 of the 50 ETFs. The runner-up is Microsoft (MSFT) with 25 appearances, followed by AT&T (T) and Verizon Communications (VZ), each with 19 appearances.

In the May 2019 edition, I noted there were no Real Estate sector stocks in the top 50 holdings. The reason is that the Dividend ETFs I analyzed in May focus on equity investment. For the November edition, I decided to add five dividend-paying ETFs that invest in real estate equities.

In this article, I'm showcasing the top 7 stocks in each GICS sector.

Friday, December 6, 2019

Recent Sell: Intel

In September 2014, I decided to stick with Intel (INTC) notwithstanding the company's decision to freeze its dividend. Not long thereafter, INTC resumed its dividend increase!

INTC was my second purchase for DivGro after Chevron Corporation (CVX). I bought 120 shares on 8 January 2013, paying $21.21 per share with an initial yield on cost of 4.09%.

In time, I increased my INTC to one of the largest positions in my portfolio, topping out at 500 shares trading well above $50 per share.

Thursday, December 5, 2019

Options Update: November 2019 (Part 2)

November was another thrilling month for DivGro's options trading! I added options income totaling $7,524 and secured options income of $11,296!

Recall that secured means I no longer have obligations related to the options that produced that income. When options expire or are closed early, my obligations as an option seller fall away.

Part 1 of this article covered an options assignment and several expired, closed, and rolled options. In Part 2, I'm presenting covered calls and put options trades, as well as a spread trade that I closed early. Additionally, I'll provide a summary of year to date options income.

Wednesday, December 4, 2019

Monthly Review Of DivGro: November 2019

Welcome to the November review of DivGro, my portfolio of dividend growth stocks. I provide a summary of transactions and dividends received in the past month. I also consider the impact on DivGro's projected annual dividend income (PADI).

In November, I opened one new position and added shares to five existing positions. Additionally, I reduced my holdings in one position. Ten DivGro stocks announced dividend increases in November. The net result of these changes is that PADI increased by about 3.2% in November. Year over year, PADI increased by 15.6%.

Tuesday, December 3, 2019

Dividend Increases: November 25-29, 2019

This weekly article series covers dividend increase announcements. I monitor dividend increases to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Nine of this week's 15 dividend increases are double-digit percentage increases.

Monday, December 2, 2019

Options Update: November 2019 (Part 1)

Welcome to my November article summarizing my options activity!

Each monthly update summarizes options trades and I keep track of my options income. It also serves as a status report on open options and the obligations I have.

My goal in 2019 is to collect $21,000 in options income. Happily, I've already achieved that goal and I'm now seeing if my options income might exceed my dividend income in 2019.

Sunday, December 1, 2019

Top Holdings Of Dividend ETFs (Part 1: The Top 50 In November 2019)

From time to time, I compile a list of the top 50 holdings of Dividend ETFs. I find the exercise insightful and worthwhile. Comparing my portfolio to the top holdings of Dividend ETFs is informative, as it helps me to identify candidate stocks for analysis and possible investment.

Dividend growth investors can compare their own portfolios to the top 50 and identify candidates for analysis and investment.

For the November edition, I analyzed 50 dividend ETFs. Of the 1,245 tickers found in the top 25 holdings of these ETFs, 427 are unique. The top-ranked stock is AAPL (AAPL), which appears in 26 of the 50 dividend ETFs—the most of any stocks.

Sunday, November 24, 2019

High-Quality, High Yield Dividend Growth Stocks Trading Below Fair Value

This article presents several high-quality, discounted dividend growth [DG] stocks yielding at least 4%.

For each stock, I present key metrics, quality indicators, a fair value estimate, and the so-called Chowder number.

In my view, the stocks are good candidates for further research and possible investment.

Dividend Increases: November 18-22, 2019

This article series provides a weekly summary of dividend increase announcements. Monitoring dividend increases helps me to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Three of this week's 13 dividend increases are double-digit percentage increases.

Thursday, November 21, 2019

Dividend Increases: November 11-15, 2019

This weekly article series covers dividend increase announcements. I monitor dividend increases to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Nine of this week's 15 dividend increases are double-digit percentage increases.

Sunday, November 17, 2019

Expired Options (November 2019)

Several of the options I'd sold expired on Friday, 15 November.

When options expire, I no longer have associated obligations. For puts, there no longer is a chance that I would have to buy shares and the margin that was set aside as collateral gets released. For covered calls, there no longer is a chance that my shares will be called away.

Expiration creates an opportunity to replace some of the expired options with new ones in the coming weeks. In this article, I provide a summary of expired options and discuss potential replacement trades.

Additionally, I discuss what happened with in the money options that would have expired this month. Sometimes, I decide to roll forward such options to avoid assignment. The alternative is doing nothing and waiting for an assignment.

Thursday, November 14, 2019

Dividend Increases: November 4-8, 2019

In this article series, I provide a weekly summary of dividend increases. I like monitoring dividend increases because I consider stocks with regular dividend increases to be candidates for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Five of this week's dividend increases are double-digit percentage increases.

Tuesday, November 12, 2019

Reasonably Valued High-Quality, High-Yield Dividend Growth Stocks

I've been using a modified version of David Van Knapp's quality scoring system to rank the Dividend Aristocrats, the Dividend Kings, and the Dividend Champions.

The system employs five widely used quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 25 points. I call the total score a stock's quality score.

This article presents reasonably valued, high-quality dividend growth stocks (with quality scores of 20-24) that yield at least 3%.

For each stock, I present key metrics, quality indicators, a fair value estimate, and the Chowder number.

Thursday, November 7, 2019

Dividend Increases: October 28-November 1, 2019

This article series provides a weekly summary of dividend increase announcements. I like monitoring dividend increases because I consider stocks with regular dividend increases to be candidates for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Seven of this week's dividend increases are double-digit percentage increases.

Wednesday, November 6, 2019

Monthly Review Of DivGro: October 2019

Once a month, I review my portfolio of dividend growth stocks, DivGro. I present details of any buys or sells, and I provide a summary of dividends collected. I also consider the impact on DivGro's projected annual dividend income (PADI).

In October, I closed two positions and added shares to five existing positions. Five DivGro stocks announced dividend increases in October. The net result of these changes is that PADI decreased by about 2.8% in October. Year over year, PADI increased by 13.5%.

As for dividend income, in October I received dividends totaling $1,209 from 24 stocks in my portfolio, a year over year increase of 8%. So far in 2019, I've collected $20,803 in dividends or about 83% of my 2019 goal of $25,200.

Saturday, November 2, 2019

Options Update: October 2019

I write monthly update articles to summarize options trades and to keep track of options income. Each update also serves as a status report on open options and the obligations I might have.

My goal in 2019 is to collect $21,000 in options income and I'm very happy to report that I've achieved that goal with October's options income! Year to date, I've collected $21,541 in options income!

With two months to go, I'm wondering if my options income will exceed my dividend income goal of $25,200? That would be quite an achievement!

Thursday, October 31, 2019

Summary Of Dividend Increases In Q3-2019

In this article, I summarize the dividend increases announced in the third quarter of 2019 (Q3-2019), as summarized in my weekly Dividend Increases article series. These articles cover dividend increases for a selection of dividend growth stocks in the CCC list. The following screens determine the selection:

     • Dividend Yield ≥ 1.0%
     • Market cap ≥ $1 billion
     • No stocks that are being acquired
     • No Over-The-Counter or Pink Sheet stocks

Wednesday, October 30, 2019

Recent Sell: Gap

I bought shares of Gap (GPS) in June 2019 due to an options assignment.

When I first looked at GPS, the company seemed to have good prospects on top of a generous dividend. Now, unfortunately, the prospects seem less favorable and, while the dividend is very generous, it is deemed Borderline Safe by Simply Safe Dividends. 

I've been using a new quality scoring system to assess the quality of my DivGro stocks. The system is simple and does a great job identifying high-quality stocks, and also lower quality positions that may be candidates for the chopping block. GPS has a quality score of only 9, which puts it in the Low-Quality category.

Tuesday, October 29, 2019

Dividend Increases: October 14-25, 2019 (Part 2: Remaining Sectors)

In the past two weeks, 23 companies in the CCC List announced dividend increases. When so many companies increasing their dividends, I  break up my summary articles into two or more parts. That way, the articles aren't too long and I can include more FASTgraphs charts of stocks with compelling earnings growth.

Part 1 of this three-part article dividend increases announced for stocks in the Utilities and Financials sectors. This is Part 2, which covers dividend increase announcements for the remaining sectors.

Dividend Increases: October 14-25, 2019 (Part 1: Utilities And Financials)

In the past two weeks, 23 of the companies I track announced dividend increases. This two-part article provides a summary of these increases and provides several FASTGraph charts of stocks that exhibit impressive earnings growth.

I like monitoring dividend increases because I consider companies that regularly increase their dividends to be candidates for further analysis and possible investment.

Part 1 of this article covers dividend increases announced for stocks in the Utilities and Financials sectors. Part 2 will cover dividend increases of stocks in the remaining sectors.

Saturday, October 26, 2019

Recent Sell: Ford Motor

I first bought shares of Ford Motor (F) in November 2014 and increased my position occasionally to a maximum of 2,000 shares.

One of the reasons I've held my F position for so many years (despite its poor performance) is that I managed to boost my yield through options income.

But I'm no longer interested in holding F. The stock has a Borderline Safe dividend according to Simply Safe Dividends and a quality score of only 11. For reference, only stocks with quality scores of 15 and above are considered to be high-quality stocks.

In this article, I'll share my thoughts on F and provide a transaction summary.

Friday, October 25, 2019

Expired Options (October 2019)

In my September Options Update article, I listed no fewer than sixteen options with October expiration dates.

Four of these options were trading at or in the money, meaning they were in danger of being assigned. Furthermore, a few options were trading out of the money with small margins of safety.

Before expiration, I took some defensive actions to avoid options assignment. Specifically, I rolled forward several options and in some cases moved the strike price out of the money.

But most of the options expired and I no longer have associated obligations. For puts, there no longer is a chance that I would have to buy shares and the margin that was set aside as collateral gets released. For covered calls, there no longer is a chance that my shares will be called away. The options premium I collected by selling these options become free and clear or secured.

Monday, October 21, 2019

Quarterly Review of DivGro: Q3-2019

This is the 27th quarterly review of DivGro, my portfolio of dividend growth stocks.

My quarterly reviews summarize the transactions executed in the past quarter and provide a summary of dividend income and dividend changes. Additionally, I include charts showing various portfolio statistics. The reviews are mostly informational and help me to track progress over time.

Now in its seventh year of existence, my portfolio generated more than $6,290 of dividend income this quarter and I'm projecting dividend income of at least $6,680 per quarter going forward.

Wednesday, October 16, 2019

Dividend Increases: October 7-11, 2019

This article series provides a weekly summary of dividend increase announcements. Monitoring dividend increases helps me to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Only one of this week's dividend increases is a double-digit percentage increase.

Friday, October 11, 2019

Monthly Review Of DivGro: September 2019

Welcome to the September review of DivGro, my portfolio of dividend growth stocks. The goal of these monthly reviews is to share updates I've made to the portfolio and to provide a summary of dividends collected. Additionally, I look at how the month's activities have impacted DivGro's projected annual dividend income (PADI).

In September, I added shares to one existing position. Eight DivGro stocks announced dividend increases in September. The net result of these changes is that PADI increased by about 0.8% in September. Year over year, PADI increased by 19.5%.

As for dividend income, in September I received dividends totaling $3,355 from 46 stocks in my portfolio, a year over year increase of 24%. So far in 2019, I've collected $19,594 in dividends or about 78% of my 2019 goal of $25,200.

Thursday, October 10, 2019

Dividend Increases: September 30-October 4, 2019

This article series provides a weekly summary of dividend increase announcements. Monitoring dividend increases helps me to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

Two of this week's dividend increases are double-digit percentage increases.

Wednesday, October 9, 2019

Options Update: September 2019

Welcome to another options update article!

I write monthly update articles to summarize options trades and to keep track of options income. Each update also serves as a status report on open options and the obligations I potentially have.

My monthly target for options income in 2019 is $1,750. September's options income was below average at $1,382. After I made some fantastic progress in August, I'm still on pace to collect $21,000 in options income this year!

This month I'm reporting on one assignment and a multitude of income-generating trades.

Tuesday, October 1, 2019

10 Dividend Growth Stocks For September 2019

The CCC list is a wonderful resource for dividend growth investors. It contains nearly 900 stocks trading on U.S. exchanges that have paid higher dividends for at least five consecutive calendar years. An accompanying spreadsheet provides valuable data and is updated monthly, courtesy of Justin Law.

In this article, I rank a subset of the CCC stocks and present the 10 top-ranked stocks for consideration. I use a ranking system that assigns letter grades to stocks relative to their performance among sector peers. Using a sector-oriented ranking system avoids the problems associated with ranking dissimilar stocks.

This month I decided to rank CCC stocks in the Energy sector.

Sunday, September 29, 2019

Dividend Increases: September 23-27, 2019

This article series provides a weekly summary of dividend increase announcements. Monitoring dividend increases helps me to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

No fewer than eight of this week's dividend increases are double-digit percentage increases!

Friday, September 27, 2019

Expired Options (September 2019)

I had several options that expired on Friday, 20 September.

When options expire, I no longer have associated obligations. For puts, there no longer is a chance that I would have to buy shares and the margin that was set aside as collateral gets released. For covered calls, there no longer is a chance that my shares will be called away.

The options premium I collected become free and clear, also known as secured. Since I started options trading to boost DivGro's dividend income, I've secured options income totaling $38,865.

This article discusses what happened with my options that expired in September.

Tuesday, September 24, 2019

Dividend Increases: September 16-20, 2019

This article series provides a weekly summary of dividend increase announcements. Monitoring dividend increases helps me to identify candidate stocks for further analysis.

As a bonus, I include ex-dividend dates for the next two weeks.

No fewer than eight of this week's dividend increases are double-digit percentage increases!

Monday, September 23, 2019

Monthly Review of DivGro: August 2019

Every month, I write a review of my portfolio of dividend growth stocks, DivGro. The goal of these monthly reviews is to share updates I've made to the portfolio and to provide a summary of dividends collected. Additionally, I look at how the month's activities have impacted DivGro's projected annual dividend income (PADI).

In August, I opened ten new positions and added shares to six existing positions. Additionally, I closed three positions and reduced my holdings in one position. Two DivGro stocks announced dividend increases in August. The net result of these changes is that PADI increased by about 2.8% in August. Year over year, PADI increased by 20.1%.

As for dividend income, in August I received dividends totaling $1,612 from 19 stocks in my portfolio, a year over year increase of 12%. So far in 2019, I've collected $16,238 in dividends or about 64% of my 2019 goal of $25,200.

Thursday, September 19, 2019

Options Update: August 2019 (Part 2)

August was a spectacular month for DivGro's options trading! I added options income totaling $6,591 and secured options income of $9,461.

Recall that secured means I no longer have obligations related to the options that produced that income. When options expire or are closed early, my obligations as an option seller fall away.

Part 1 of this article covered the "normal" options trades I executed in August: an options assignment, an expired option, a closed option, some rolled options, and several covered calls and put options trades.

In Part 2, I'm presenting a few closing spread trades, the main contributors to this month's spectacular options income. Additionally, I'll summarize options expiring in September and October, and provide a summary of year to date options income.

Wednesday, September 18, 2019

Options Update: August 2019 (Part 1)

I write monthly options update articles to summarize options trades and to keep track of options income. The updates serve as a status report on open options and potential obligations.

My options goal for 2019 is to collect $21,000 in options income, which equates to a monthly target of $1,750. Through July, I've averaged about $1,711 per month, a bit short of the desired monthly average.

The good news is that August was a spectacular month! I collected income by selling a few covered calls and put options, but I also closed a few spreads early for some solid gains. The net result is that my options income for 2019 spiked to $18,566, just $2,434 shy of my 2019 goal!

Part 1 of this article covers an options assignment, an expired option, a closed option, and some rolled options, as well as several covered calls and put options trades. Part 2 will present the spread trades, the main contributors to this month's spectacular options income spike!

Tuesday, September 17, 2019

Dividend Increases: September 9-13, 2019

In this article series, I provide a weekly summary of dividend increases and ex-dividend dates for the next two weeks.

I like monitoring dividend increases because I consider stocks with regular dividend increases to be candidates for further analysis.

Two of this week's dividend increases are double-digit percentage increases!

Wednesday, September 11, 2019

Dividend Increases: September 2-6, 2019

In this article series, I provide a weekly summary of dividend increases and ex-dividend dates for the next two weeks.

I like monitoring dividend increases because I consider stocks with regular dividend increases to be candidates for further analysis.

Two of this week's dividend increases are double-digit percentage increases!

Tuesday, September 3, 2019

Dividend Increases: August 26-30, 2019

This article series provides a weekly summary of dividend increase announcements and a summary of ex-dividend dates for the next two weeks.

I like monitoring dividend increases because I consider stocks with regular dividend increases to be candidates for further analysis.

One of this week's dividend increases is a double-digit percentage increase!

Thursday, August 29, 2019

Expired Options (August 2019)

The main options expiration day for August was Friday, 16 August.  I had a few options slated for expiration on that day and this short article explains what happened.

When options expire, I no longer have any associated obligations. The options premium collected become free and clear, also known as secured. Since I started options trading to boost DivGro's dividend income, I've secured options income totaling $29,404.

I usually write monthly options update articles summarizing options trades and also to keep track of options income. These updates serve as a status report on open options and potential obligations. In contrast, this article covers expirations.

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