I am using options to create another stream of income through premium income and capital gain using buy call.
It has been a roller coaster trying to sell put SP 30 on BZUN, I sold 5 put when it first started to drop and another 5 put to reach average premium of 1.2 per contract. The share price drop below 30, reaching 28 at one point. When the share price comes back up on 13th December, I close the trade and pocket USD 1,050.
I also sell put 5 contract on Chinese Tinder :)
My target is to maintain USD 2k per month and I am satisfied.
JC Fund 2018
Dividend Income (Passive) say SGD 3k per month (conservative)
Option Income (Active) USD 2k x 1.35 = SGD 2.7k per month
Rental Income (Passive) SGD 0.5k per month
Planning to start - Tuition Income (Active) SGD 1k per month
Target Additional Income SGD 7.2k
I do not think my day job can last for much longer. There will be some turbulence in Q1 or Q2 2018.
We have embarked on an journey to achieve financial freedom through our investment portfolio and other streams of income.
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