Hi Apache,
Yes, it is possible.
Steps:
1. Open Outlook and click on the Calender to get into Calender View.
2. Right-click on the 1st of a your chosen month, and select the New Reccuring Appointment option
3. You can now edit the finer details of the appointment.
Refer to the image as shown below. Post back here if you need more help with this.
Regards,
Golden