Weekly Investing Review 3/20/21

This week was a slow week for dividends and buys and sells. It was a busy week for options trading, which as you will see didn’t go so well. Let’s check out how things went this week.

Dividends

I received the following dividends in the Roth IRA:

  • Stag Industrial (STAG) $0.12
  • Main Street Capital (MAIN) $0.16

I received the following dividends in the Traditional IRA:

  • Realty Income Corp. (O) $11.78
  • Nextera Energy (NEE) $3.11

The total dividends received this week were $15.17 which was reinvested into the accounts.

Buys/Sells

The only purchase this week was in the Roth IRA. I purchased 0.441 shares of J.P. Morgan Equity Premium Income ETF (JEPI).

I sold no equities this week.

Options Trading

It was a really busy week of options trading for me. Here is the options activity for this week:

  • Mustang Bio Inc. (MBIO) sold a cash secured put at a strike price of $5 expiring on 3/19/21 for a premium of $125.30 after fees.
  • Invesco Mortgage (IVR) sold a cash secured put at a strike price of $4 expiring on 4/16/21 for a premium of $30.30 after fees.
  • Invesco Mortgage (IVR) sold a cash secured put at a strike price of $4 expiring on 3/19/21 for a premium of $10.40 after fees.
  • Plains All American (PAA) sold a covered call at a strike price of $10.50 expiring on 3/26/21 for a premium of $9.45 after fees.
  • AT&T (T) sold a covered call at a strike price of $31.50 for a premium of $4.70 after fees.
  • Organigram Holdings (OGI) sold a cash secured put at a strike price of $5 expiring on 3/19/21 for a premium of $74.30 after fees.
  • Schwab U.S. Dividend ETF (SCHD) bought a closing transaction on a covered call at a strike price of $70 expiring on 3/19/21 for a premium of -$248.69 after fees.
  • Schwab U.S. Dividend ETF (SCHD) sold a covered call at a strike price of $73 expiring on 7/16/21 for a premium of $222.30 after fees.
  • Invesco Mortgage (IVR) bought a closing transaction on a covered call at a strike price of $4 expiring on 3/19/21 for a premium of -$2.04 after fees.
  • Invesco Mortgage (IVR) sold a covered call at a strike price of $4.50 expiring on 4/16/21 for a premium of $11.35 after fees.
  • Altria Group (MO) bought a closing transaction on a covered call at a strike price of $46 expiring 3/26/21 for a premium of -$511.69 after fees.
  • Altria Group (MO) sold a covered call at a strike price of $52.50 expiring on 9/17/21 for a premium of $236.30 after fees.
  • AT&T (T) bought a closing transaction on a covered call at a strike price of $31.50 expiring on 3/19/21 for a premium of -$1.04 after fees.
  • AT&T (T) sold a covered call at a strike price of $31 expiring on 3/26/21 for a premium of $6.60 after fees.

The cash secured put on Organigram Holdings (OGI) was assigned at $5 per share for 100 shares. The cash secured put on Mustang Bio (MBIO) was assigned at $5 per share for 100 shares. A covered call on Verizon (VZ) expired out of the money. A cash secured put on Invesco Mortgage (IVR) expired out of the money. A covered call on Mustang Bio (MBIO) expired out of the money. The total premiums received this week came out as a loss, -$32.46.

Account Updates

The Traditional IRA finished the week at $108,867. This is down $345 compared to last week.

I do not know how the 401k fared this week. The website went down for “required maintenance” at 11:59 pm on Friday 3/19/21 and will not be back up until 6:00 am on Monday 3/22/21. This is very annoying that the website will be down all weekend but it is the plan that my company offers so I guess I will just have to deal with it. I would assume that it is down a little bit from the $6,237 it was at last week.

The Roth IRA finished the week at $341. This up $22 over last week but it includes my automatic monthly contribution of $25. This means it was actually down a little bit from last week.

The taxable growth account with M1 Finance finished the week a little over $175. This is down 2.73% or almost $5 over last week. If you would like to check out the positions in this account you can here: https://m1.finance/MvvbI-KvPEe6.

Wrap Up

Outside of the options trading it was a slow week with some minor losses in the accounts over the previous week. The combined total for dividends and options premium was -$17.29. Definitely not a good week as far as earning income for the accounts. This week was the first time I ever rolled an option. It was good to learn how roll options. The stock prices of SCHD and MO ran up quite a bit and caught me off guard. I wound up rolling both of those option contracts for a loss. Maybe I would have been better off allowing those covered calls to be assigned. These are core positions for me and I did not want to lose the shares by having the shares assigned. I will take some time to reevaluate my options strategy. Options can be risky, as I found out this week. I did not expect the share prices of SCHD and MO to run up like the prices did. Overall, I will chalk this up as a good learning lesson for the week.

*Disclaimer – I am not a financial professional. The information shared here should not be considered financial advice. I am just a factory worker sharing my experience as I strive to achieve financial freedom. Before investing or making any financial decision do your own research and due diligence and consider seeking the advice of a financial and/or tax professional.

Here are a couple of businesses that I use that I thought some of you might be interested in.

This image has an empty alt attribute; its file name is 2021-02-28-7.png

Lolli has a variety of stores that it is affiliated with and offers rewards for shopping at these stores. I use Lolli when I shop on Chewy and I get bitcoin as a reward. If you are interested in Lolli and want to help support the blog here is my referral link: https://www.lolli.com/share/XP7gxDgqC4

This image has an empty alt attribute; its file name is 2021-02-28-m1-logo.png

I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. These promotions vary from time to time but is usually a $10 bonus. If you are interested M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr

If you use the referral links listed above I could receive compensation. Please take the time to read the terms and conditions before signing up.

Published by Bill

I am just a blue collar factory worker trying to reach financial independence by spending less, earning more, saving and investing.

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