The slow and steady approach continues to work in all market environments. We continue to tack on small gains each and every week via laddering. By laddering the expiration cycles of our positions, we have been able to collect income each and every week. This week, we locked in and added 2.3% to our total returns. Doesn’t sound like much to the uninitiated, but for those participating in the strategy our Income Trader portfolio continues to shine with a total return of 161.5%.

And it doesn’t stop there.

Our Income Trader portfolio continues to shine with a total return of 159.2%.

We should be able to add to our total this week by locking in profits on our most conservative position, PFE. It’s only a paltry 1.4%, but the wheel approach lives on singles and doubles. Since we introduced PFE to the income wheel approach we’ve made a steady 30.89% in total returns (16 trades) while the stock has lost over 40%.

We locked in 5.7% in BITO and 7.8% in GDX last week bringing our total return to 159.2%.

Our GDX position was “called away,” so I plan to start the income cycle over again in GDX by selling some puts early this week.

I plan to add at least one more stock to the portfolio this week, especially if we see the market pullback, which will bring our total to seven stocks. Moreover, I intend to continue to ladder our positions in perpetuity, so we are collecting premium on a weekly basis. As it stands, we have positions due to expire over the next four consecutive weeks.

I plan on locking in returns on several of our current positions and immediately selling more premium. In addition, I plan to add at least one more stock to the portfolio, which will bring our total to seven stocks. I also intend on continuing to ladder our positions in perpetuity, so we are collecting premium on a weekly basis. As it stands, we have positions due to expire over the next four consecutive weeks.

Other than that, there really isn’t much to say at the moment. We continue to be pleased with the overall mechanics of our approach and more importantly the overall return, which currently stands at 145.7%.

After we locked in a 17.1% gain in DKNG two weeks ago, we managed to lock in a fairly pedestrian 1.1% in XLU and 1.1% in KO.

The recent gains in XLU and KO, however, pushed our total return to all-time highs and a not-so-pedestrian 145.65%. I plan to continue our wheel-based approach in both XLU and KO early this week and plan to add a new ticker to the portfolio as well. Stay tuned!

We locked in a 17.1% gain in DKNG at expiration on Friday. The gain in DKNG and GDX pushed our total return to all-time highs at 143.5%. I plan to continue our wheel-based approach in DKNG by selling puts early last week. As for GDX, we bought back our calls and sold more calls the week before (2/12).

Hopefully, we have the opportunity to add to our total with two trades due to expire at the end of this week. We sold puts in XLU and KO in mid-January and as it stands, both look to expire out-of-the-money. Of course, we need to see how the week plays out, but given our income wheel approach, with the exception of a crash, we are perfectly fine with whatever occurs. Our ultimate goal is to bring in options premium in a continual basis.

We should be able to add to our total return of 124.9% at the end of this week as our GDX and DKNG positions are due to expire. The jump in our total return should be notable as we have the potential to add 17.1% through our DKNG position and 1.6% in GDX.

I plan to add one more position next week so stay tuned for a trade alert, possibly two as we move through the week.

We were able to sell some call premium in PFE and put premium in BITO. As a result, we now have 6 positions in the portfolio with the hope to add a few more sources of income over the next week or two.

January offered us another good month as we brought in over 12% worth of premium. Let’s continue to keep it simple, stay mechanical and allow the strategy to do the heavy lifting. Our total returns now sit at all-time highs of 124.9%. We introduced the portfolio in June 2022 and continue to be impressed by the resilient and consistent nature of the income wheel strategy during all market environments.

We locked in another profitable trade at expiration last Friday, bringing our positive trades total for the January expiration cycles to six. Our total returns so far in January are 12.36%.

As for this week, I will be potentially selling more premium in PFE, BITO and possibly a new position or two. Stay tuned for the trade alerts!

It continues to be a good start to the year. Let’s keep it simple, stay mechanical and allow the strategy to do the heavy lifting.

After locking in gains in PFE our total returns now sit at all-time highs of 124.9%. We introduced the portfolio in June 2022 and continue to be impressed by the resilient and consistent nature of the income wheel strategy during all market environments.

We locked in three more profitable trades at expiration last Friday, bringing our total positive trades total for the January 19, 2024 expiration cycle to five. Our total returns so far in January are 10.86% with the potential for a return in PFE that would certainly add a few percentage points to our overall returns for the month.

As stated above, we have one position, PFE, that is due to expire this week. As it stands, our position is currently sitting at-the-money, but it doesn’t really matter where it closes at expiration this Friday as we will continue to follow the guidelines for our income wheel strategy.

We have three positions due to expire this week, all of which are profitable positions. As a result, I’ll be selling more premium early next week to replace our expiring positions and hopefully adding another one to two positions to give us eight total income-producing positions in our portfolio. Otherwise, we will continue to allow our wheel-based approach to work its magic. So far, we’ve managed to reap a total return of 114.7% since initiating our Income Trader service for Cabot Wealth readers 19 months ago.

We have six positions that are due to expire within the next two to three weeks. As it stands, at least so far, all of our positions are in great shape. Going forward, my intent this week is to add a few more income-generating positions to the mix. I’m looking at a higher volatility play as well as a few more lower beta stocks and ETFs with lower implied volatility as well. Remember, we not only want to diversify our approach using uncorrelated assets, we also want to vary our levels of volatility throughout the portfolio.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Cabot Options Institute Income Trader is focused exclusively on the creating consistent income through a variety of options selling strategies. Whether you have questions about selling puts, covered strangles, jade lizards or our income wheel approach, Andy is more than happy to help you steepen your learning curve in this live event.

Just a quick heads up, I’ll be adding several new positions early next week. We currently have four positions in the portfolio and my immediate goal is to get back up to between six and eight positions using our ladder-based approach for consistent, weekly income.

I want to lock in a return and look to sell more put premium in XLU over the next few trading days. By locking in a return in XLU, our total returns for Income Trader will exceed 160% for the first time since inception.

In Income Trader, we’ve managed to lock in a return of over 45% in BITO. Not many can say they’ve made money in BITO on a more consistent basis, or any other crypto-related asset, since the beginning of June 2022. Just another reason why more and more individual investors are flocking to the tried-and-true, mechanically driven, income wheel approach.

As stated in our latest weekly update (out today), we locked in profits in both XLU and KO at expiration last Friday. Per our income wheel guidelines, it’s time to start selling more premium. Our total return has pushed to all-time highs of just over 145%. Remember, investing/trading is a marathon and not a sprint, and Income Trader has proven this mantra in just under two years. We continue to be thrilled with the results.

DKNG continues to be a great addition to the portfolio. We recently locked in 17.1% in options premium and capital gains. Our total return is over 39% since adding the position to the portfolio. Now it’s time to start the income wheel cycle over again by selling puts in DKNG. Hopefully, our good fortune continues.

I’m selling more call premium in GDX today. We’ve reaped most of the call premium from our February 16, 2024, 29 calls so I’m going to buy them back and sell more premium going out to the March expiration.

In Income Trader, we’ve managed to lock in a return of 40.1% in BITO. Not many can say they’ve made money in BITO, or any other crypto-related asset, since the beginning of June 2022. Just another reason why more and more individual investors are flocking to the tried-and-true, mechanically driven, income wheel approach.

Our PFE calls expired last week and since we are in the covered call phase of our income wheel approach, I want to sell a few more calls against our shares today, going out 38 days.

I’m selling more premium in DKNG and GDX today. As stated in the weekly report yesterday, January has been a good month so far as we have locked in over 10% worth of options premium through our Income Trader wheel approach. If all goes well this week, we should be able to add to our January totals as our PFE calls are due to expire.

There is little to no value left in our XLU January 19, 2024, 61 puts. As a result, I’m going to buy them back, lock in some nice profits and immediately sell more premium. I’ll be doing the same in a few other positions as we move throughout the rest of the week.

We’ve managed to lock in a return of 36.1% in BITO. Not many can say they’ve made money in BITO since the beginning of June 2022. Just another reason why more and more individual investors are flocking to the tried-and-true income wheel approach.

There is little to no value left in our XLU December 15, 2023, 56 puts. As a result, I’m going to buy them back, lock in profits and immediately sell more premium. I’ll be doing the same in a few other positions as we move throughout the week.

I plan on locking in returns on several of our current positions and immediately selling more premium. In addition, I plan to add at least one more stock to the portfolio, which will bring our total to seven stocks. I also intend on continuing to ladder our positions in perpetuity, so we are collecting premium on a weekly basis. As it stands, we have positions due to expire over the next four consecutive weeks.



Other than that, there really isn’t much to say at the moment. We continue to be pleased with the overall mechanics of our approach and more importantly the overall return, which currently stands at 145.7%.