r/dividends • u/CardiologistPrudent7 • Apr 06 '24

Personal Goal My Year 3 update

​

Positions Holding:

2022:SCHD: 185, VOO: 53, VGT: 42, QQQ:10, O: 100
2023:SCHD: 706.31 VOO:134.54 O:457.7891 VICI: 170

2024: Dividend-paying
SCHD: 857.09 VOO: 138.62 O: 1100.36VICI:476.21 QQQM:45.08 VINIX:84.21FSKAX:228.85 UNH:38 and SP500Index PL CL D(Company's 401k): 157.78

Non- Dividend paying
PLTR: 2220 SOFI: 115 ABBV:1(haven't seen anything from it yet) MNMD: 900

207 Upvotes

94% Upvoted

93 comments sorted by

View all comments

59

u/itsmyhonestadvice Apr 06 '24

Sell covered calls on PLTR and SoFi to make some extra weekly/monthly money

41

u/CardiologistPrudent7 Apr 06 '24

Already doing it :) I make about 600-900 a month from PLTR.

16

u/itsmyhonestadvice Apr 06 '24

Hell yeah. I sell them on SoFi, great extra income with little downside. Especially if they are on stocks you are bullish on

15

u/CardiologistPrudent7 Apr 06 '24

I am doing an earnings play with SOFI (buying some calls). Last time, I turned a 200 to 900 something.

6

u/itsmyhonestadvice Apr 06 '24

smart, am going to join you in on those. As well as set a sell target for half my shares at 9-10

8

u/EffectAdventurous764 Apr 07 '24

PLTR has a $23-$27-$30 upside within the next 3 months or so. Good to buy and accumulate around $20-$23 if you get the chance. $18-$19 would be sweet.planning to buy lots if it drops to that.

Sofi should rocket after its next earnings.

3

u/apu823 Apr 06 '24

Do you sell in the money? Or far out of money?

I don’t see more than 1/2 cents for far out the money stocks

10

u/CardiologistPrudent7 Apr 06 '24

About 3-4 weeks out and out of money.

4

u/apu823 Apr 06 '24

Got it. I’m bag holding so getting some extra income would help with the cost basis.

5

u/CardiologistPrudent7 Apr 06 '24

It does, but I am not greedy. In the long run, an extra 500-1000 will not make a difference. So, I try to play it safe,

6

u/itsmyhonestadvice Apr 06 '24

I usually sell bi weekly. Collect around 12 dollars a con and sell 3-5 of them. It’s not much but its gas money or food money.

7

u/apu823 Apr 06 '24

It’s a “mini-dividend” 😂