Portfolio updated & options trade filled while in Uruguay for the day.
Bought a precious metals stock this week. I earned some weekly income off it through options while on a day trip to a UNESCO World Heritage town in Uruguay.
Today I went to Uruguay to reset my visa for Argentina.
Surprisingly, I like this day trip as I can completely switch off from chaotic Buenos Aires life, but I can return to it in the evening with another 3-month visa.
The ferry ride takes one hour from Buenos Aires, it’s comfortable and arrives at a little heritage town called Colonia Del Sacramento.
This town is a UNESCO World Heritage Site. It was originally founded by the Portuguese in the 17th century and later became a Spanish settlement. It’s like stepping back into colonial times here, very peaceful.
The historic area features cobblestone streets and colonial architecture. I don’t have any phone signal here and it’s a great place to walk around, check out the sites, and switch off for the day.
I usually go for lunch in an Uruguayan parrilla and that’s when I check my phone & the share market.
I placed an order for an options for income trade just before I lost Argentine phone reception on the ferry. I was pleasantly surprised it was filled just before I was about to hack into an overpriced Uruguayan steak (it’s no Argentina prices here).
The trade made me an 8.23% return on investment in 2 weeks from options premium only.
This trade wasn’t a recommendation but the result of a great options trading tip from my monthly mentor catch-up with Trader Ferg, which you can watch here.
The weekly income trade and why I executed it are below.