Covered Calls, Dividends & Passive Income

I’m on my second month of tracking my passive income. I had a lot of my dividend paying stocks hit this month so these results will not be repeated in July. So here we go:

June 2008

Interest Income: $8.77

Dividends: $116.04

Covered Call Writing: $438.05 (see below)

Total $562.86

Looks good right? Wrong!! STLD had me on [...]

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I am a novice at this so my initial strategy will be very conservative.
As I mentioned in my Results for May-2008 post I wrote a covered call on some Microsoft stock I owned as a way to generate some additional income. I selected Microsoft because I was thinking of selling my shares anyway. I’m short-term [...]

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So here is my starting point in terms of passive income and please don’t laugh too hard.

May 2008

Interest Income: $4.39

Dividends: $0.00

Covered Call Writing: $128.04

This is the first time [...]

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