Dividends and Options Trading October 2023

October has come to an end so it is time for another update. This month was a decent month for dividends received. Options trading rebounded this month after a couple of down months. Another big event happened this month, check out the details here. Let’s take a look at how much dividends and options premium I received for October.

For the month, I received a total of $415.91 in dividends. This is a significant increase over October 2022 when I received $247.61 in dividends. This is a whopping 67.97% increase year over year. For the year I have received $4,349.29 in dividends. I am still well on pace to reach my goal of $5,000 dividends received for the year.

Options premium received in October was ten times better than last month, totaling $370.72. Below is chart of all the options trades I made in October.

TickerCall/PutStrikeExp. DatePremiumDate
HBANp roth1010/6/23$14.3310/3/23
MPWp roth510/5/23$3.7810/5/23
MPWp roth510/13/23$12.3310/9/23
HBANp roth1010/13/23$14.3310/9/23
SOXLp roth16.510/20/23$8.5310/16/23
HBANc roth1111/17/23$14.3310/17/2023
SOXLp roth1610/27/23$62.3310/23/2023
VZc close33.510/27/23-$84.6710/26/2023
SOXLp close1610/26/23-$114.6710/26/2023

The total amount of income produced from my accounts for October was $825.73. This includes dividends, options premium, and interest. For the year, my accounts have produced $8,141.32 of income which has been reinvested back into the accounts to allow the compounding effect to grow my accounts.

October was a good month for dividends and my dividends continue to grow year over year. This is encouraging and let’s me know I am on the right path. As always, I will continue to invest and reinvest the dividends and options premium. Following this plan will allow the income from my accounts to grow. One day it will be enough to cover my expenses and allow me to retire. Thanks for following along!

*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence or consider seeking the advice of a financial and/or tax professional.

Below is a list of a few businesses I use. Check out some these offers.

Up to 5% Savings Rate!
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I use Varo Bank for part of my emergency fund. From time to time the bank will run promotions. Currently, you can earn up to 5% on your savings with Varo, if you meet certain requirements. I got us both $30 from Varo.* Just open a Varo Bank Account using my link below, spend $20 on your new debit card, and we’ll both get paid. https://varomoney.com/r/?r=William360

Free Bitcoin!
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Lolli offers rewards in the form of bitcoin for shopping at a large variety of stores. I use Lolli when I shop on Chewy and I get bitcoin as a reward. Who doesn’t want free bitcoin! If you are interested in Lolli and want to help support the blog click my referral link: https://www.lolli.com/share/XP7gxDgqC4

Investing Made Easy
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I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $10 but will vary from time to time and could be up to $50. If you are interested in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr

If you use the referral links listed above I could receive compensation. Please take the time to read the terms and conditions before signing up.

Published by Bill

I am just a blue collar factory worker trying to reach financial independence by spending less, earning more, saving and investing.

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