August has come to an end so it is time for another update. This month was another great month for income from my accounts. Dividends were up this month while options were down from the previous month. Let’s take a look at how much dividends and options premium I received for August.
For the month, I received a total of $495.87 in dividends. This is an increase over August 2023 when I received $333.71 in dividends. This is a 48.59% increase year over year. For the year I have received $4,280.91 in dividends. This puts me at 61.16% toward my goal of $7,000 dividends received for the year. I am a little bit behind pace to reach my goal, but there is plenty of time left in the year to catch up.
Options premium received in August was way up this month when compared to last month. The total for the month was $386.33. This is a big drop off from last month when I received over $1,000 in options premium. For the year, I have received $5,074.53 in options premium. I was not as active this month in options trading. Below is chart of all the options trades I made in August.
| Ticker | Call/Put | Account | Strike | Exp. Date | Premium | Date |
| SIRI | 4 calls | tax | 4 | 8/23/24 | $11.29 | 8/5/2024 |
| CVS | call close | ira | 55 | 8/16/24 | -$475.68 | 8/5/2024 |
| CVS | call | ira | 57.5 | 11/15/24 | $519.30 | 8/5/2024 |
| SIRI | 7 calls | roth | 4 | 8/23/24 | $19.76 | 8/5/2024 |
| BTI | call close | ira | 35 | 8/16/24 | -$47.03 | 8/5/2024 |
| BTI | call | ira | 36 | 12/20/24 | $77.32 | 8/5/2024 |
| SIRI | 3 calls | roth | 4 | 8/23/24 | $8.47 | 8/5/2024 |
| SIRI | 17 calls | ira | 4 | 8/23/24 | $47.99 | 8/5/2024 |
| CVS | call close | ira | 57.5 | 11/15/24 | -$330.68 | 8/13/2024 |
| CVS | call | ira | 62.5 | 6/22/25 | $404.30 | 8/13/2024 |
| BEPC | call | ira | 35 | 12/20/24 | $34.32 | 8/19/2024 |
| RILY | put | tax | 4 | 8/23/24 | $46.32 | 8/19/2024 |
| PRU | call | ira | 120 | 9/20/2024 | $37.32 | 8/20/2024 |
| WPC | call | ira | 65 | 9/20/2024 | $4.72 | 8/20/2024 |
| SIRI | 4 calls | tax | 4 | 8/30/2024 | $3.69 | 8/26/2024 |
| SIRI | 17 calls | ira | 4 | 8/30/2024 | $15.69 | 8/26/2024 |
| SIRI | 10 calls | roth | 4 | 8/30/2024 | $9.23 | 8/26/2024 |
The total amount of income produced from my accounts for August was $1,022.92. This includes dividends, options premium, interest and income from the website. For the year, my accounts have produced $9,718.17 of income which has been reinvested back into the accounts to allow the compounding effect to grow my accounts. This puts me at 77.75% toward my goal of $12,500 of income from accounts this year.
I continue to be ahead of the pace to reach my income goal for the year. So far this year, my accounts have produced over $1,000 a month every month except for April. I look forward to this continuing next month. September should be a really big month for income. September is a big month for dividends and I recently started loaning out some of my shares. The interest I receive from loaning shares has been impressive so far, but more on that next month.
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! If a blue collar factory worker like me can do this, so can you. I encourage everyone to invest in their future!
*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.
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