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Wednesday, January 10, 2024

Closing Options Early

In my previous article on Options, I explained how I sell options to generate extra income.

Similar to how my DivGro portfolio generates dividend income, I use my portfolio as leverage to sell options and generate options income. I reinvest both income streams, buying more dividend growth stocks and boosting DivGro’s dividend income stream. 

Since June 2016, I've collected and reinvested more than $100,000 in options income.

In this article, I explain why it is sometimes necessary (and sensible) to close options early rather than wait for assignment (or expiration). I share some closing trades I've executed, both to avoid option assignments and to capture most of the gains early.

More than 950 members have joined DivGro 2.0 since my soft launch in February 2023. I've decided to delay the formal launch of DivGro 2.0, which means that members will continue to have complimentary access to all the content on DivGro 2.0, including my live portfolio!


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