I wanted to close out my series of covered calls on IWM. With the CPI report coming in red hot, it caused the market to fall and it was a great time to buy back all the calls I sold.

I wanted to make $2000 for the month so I sold 40 call contracts on another equity I own and raked in about $1600 in call premium. I have now exceeded my $2000 goal for the month and will take it easy and just sit and watch the market seeking opportunities for more profit.
To review the journey in it’s entirety here’s the order of posts:
- Start – Play Time Over, Time To Make Money on IWM
- Took 60% Profits On IWM Calls
- Sold IWM Calls Today
- Took 80% Profit On IWM Calls Today
- Sold More Calls On IWM Today
So three rounds of profits, 60%, 80% and 70% from January 21 thru February 12 (22 days). If IWM rallies, I will sell more calls otherwise, I will just sit tight and collect dividends from IWM and hold it over the long term for capital appreciation.
I will now rotate to managing the property rental income and I’ve got to start on my taxes for 2024.
Share The Wealth
Did you find this series helpful? Let me know in the comments below.
1 thought on “Closed All IWM Positions 70% Return”
Comments are closed.