While dividend and interest payments provide me with a regular passive income, option trading offers me an additional source of active income.
Once a month, I keep track of my recent earnings. This is my monthly income statement for March 2019.
In March 2019, I earned €552.58 ($622) in passive income. This is about 25% more than in March 2018.
Last month, my passive income included the quarterly dividend payments from British-Dutch oil and gas giant Royal Dutch Shell, US electric and gas utility company Southern Co and US biotech company Gilead Sciences as well as the half-yearly dividends of Japanese tobacco group Japan Tobacco and Danish insulin specialist Novo Nordisk.
|Royal Dutch Shell||€216.17||€234.15||+8.3%|
Additionally, several interest payments increased my cash position last month. Thanks to my savings accounts at Weltsparen*, I was able to earn €104.22 in interest income.
In March 2019, my option trading activities resulted in a loss of -€592.59 (-$667).
On the other hand, I had to repurchase two (uncovered) calls, after BAT’s stock price saw an unexpected rebound, which resulted in a loss of -€661.46.
Note to myself: Don’t ever sell uncovered call options again!
Total Investment Income
Due to my rookie mistake of selling uncovered call options, I’m no longer on track for my annual goal, which is to generate an average investment income of €400 per month. However, April can hopefully put me back on track.