At the May 19, 2023 expiration cycle we were able to lock in 10.8% in Wells Fargo (WFC). Our total return since initiating the Income Trader service just under one year ago stands at 90.8%.


My goal this week is to start selling puts in WFC and potentially introduce one or two new positions by sticking with a similar strategy of selling puts. Otherwise, we will simply allow time decay to work its magic as we move closer to the June 16, 2023 expiration cycle.

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.

WFC rallied over the past expiration cycle and as a result, our May 19, 2023, 40 calls were assigned, and our entire position was “called” away last week. We made 10.76% on the trade.