Dividends, Investing and Options Trading for Week Ending 01/07/22

The markets started off the week (and the new year) up a little bit but as the week continued on, the S&P 500 and NASDAQ dropped to finish the week down. The S&P 500 finished the week down by 1.87% while NASDAQ dropped about 4.5%. Not really the best start to the year unless you were planning to buy the dip. Let’s check out how my accounts did this week!

Dividends

The following dividends were received in the Traditional IRA this week:

  • Brookfield Renewable Corp. (BEPC) – $11.10
  • PepsiCo Inc. (PEP) – $23.44

The BEPC dividend was reinvested into the underlying position. The PEP dividend was deposited into the core account to be reinvested in the future.

The following dividends were received in the Roth IRA this week:

  • Huntington Bancshares Inc. (HBAN) – $1.16
  • Amplify CWP Enhanced Dividend ETF (DIVO) – $0.32
  • J.P. Morgan Equity Premium Income ETF (JEPI) – $1.93

All of the dividends listed above were reinvested into the underlying positions.

The total amount of dividends received this week was $37.95.

Buys/Sells

The following buys were made in the Roth IRA this week:

  • Vanguard Growth ETF (VUG) – 0.065 shares
  • Schwab U.S. Dividend Equity ETF (SCHD) – 0.122 shares
  • Invesco NASDAQ Next Generation ETF (QQQJ) – 0.314 shares
  • Nationwide NASDAQ 100 Risk Managed Income ETF (NUSI) – 1.475 shares
  • J.P. Morgan Equity Premium Income ETF (JEPI) – 0.637 shares
  • Amplify CWP Enhanced Dividend ETF (DIVO) – 0.262 shares
  • American Tower Corp. (AMT) – 0.075 shares
  • Innovative Industrial Properties Inc. (IIPR) – 0.088 shares

The following buys were made in the taxable brokerage account this week:

  • Sea Ltd. – ADR (SE) – 0.00976 shares
  • Invesco NASDAQ 100 ETF (QQQM) – 0.03137 shares
  • Chewy Inc. (CHWY) – 0.03301 shares
  • Block Inc. (SQ) – 0.01386 shares
  • CRISPR Therapeutics AG (CRSP) – 0.01983 shares
  • Vanguard Total Stock Market ETF (VTI) – 0.01963 shares
  • Pinterest Inc. (PINS) – 0.04157 shares
  • Teladoc Health Inc. (TDOC) – 0.01153 shares
  • Invitae Corp. (NVTA) – 0.09645 shares

No sells were made this week.

Options Trading

The following options trades were made in the Traditional IRA this week:

  • Verizon (VZ) – bought a closing transaction on a covered call at a strike price of $54 expiring on January 7, 2022 for a premium of -$3.02 after fees. This position was held for about 39 days and resulted in a profit of $43.30.
  • Verizon (VZ) – sold a covered call at a strike price of $54 expiring on January 21, 2022 for a premium of $8.52 after fees.
  • Hyliion Holdings (HYLN) – sold a covered call at strike price of $7.50 expiring on January 21, 2022 for a premium of $10.42 after fees.
  • Verizon (VZ) – bought a closing transaction on a covered call at a strike price of $54 expiring on January 21, 2022 for a premium of -$45.02 after fees. This position was held for 2 days and resulted in a loss of -$36.50.
  • Verizon (VZ) – sold a covered call at a strike price of $55 expiring on February 18, 2022 for a premium of $59.32 after fees.
  • AT&T Inc. (T) – bought a closing transaction on a covered call at strike price of $26 expiring January 21, 2022 for a premium of -$36.02 after fees. This position was held for about 34 days and resulted in a loss of -$23.70.
  • AT&T Inc. (T) – sold a covered call at a strike price of $27 expiring on March 18, 2022 for a premium of $53.32 after fees.
  • AT&T Inc. (T) – bought a closing transaction on a covered call at a strike price of $26 expiring on January 28, 2022 for a premium of -$48.02 after fees. This position was held for about 9 days and resulted in a loss of -$28.70.
  • AT&T Inc. (T) – sold a covered call at a strike price of $27 expiring on April 14, 2022 for a premium of $59.32 after fees.
  • Genius Sports Ltd. (GENI) – bought a closing transaction on a covered call at strike price of $10 expiring on January 21, 2022 for a premium of -$6.04 after fees. This position was held for about 21 days and resulted in a profit of $44.61.
  • Genius Sports Ltd. (GENI) – sold a covered call at a strike price of $10 expiring on February 18, 2022 for a premium of $44.64 after fees.

The stock price on VZ an T jumped up putting the covered call contracts in the money. I decided to roll these contracts because I was concerned about the shares getting called away early, prior to the ex-dividend date on January 7, 2022. I am not sure if this was a smart move or not but it seems to be working out, at least for the moment. Even though I took a loss on closing the contracts, I was able to sell covered calls at a higher strike price for enough premium to make up for the losses.

The total amount of options premium received this week was $97.42.

Account Updates

The Traditional IRA finished the week at about $124,777. This is up $79 over the previous week.

The Roth IRA finished the week at about $2,150. This is up $63 over the previous week. When factoring the $100 contribution this week, the account was down.

The 401k finished the week at about $10,396. This is down -$148 from the previous week.

The taxable brokerage account finished the week at about $358. This is up $3 over the previous week. When factoring in the $25 contribution made this week, the account is down.

The little bit of bitcoin that I own finished the week at about $21. This is down -$2 from the previous week.

The total amount invested is now about $137,702. This is down $5 from the previous week. All of the positions in my portfolio can be seen by clicking “Portfolios” in the menu or clicking here.

Wrap Up

The total amount of dividends, options premium and interest received this week was $135.98. Considering how down the markets were this week, my accounts held up well. Despite the rocky start to year by the markets, I look forward to investing, learning and growing my wealth this year. That wraps it up for this week. Thanks for following along!

On a side note, I have added a Recommended Resources in the menu. It currently is a work in progress. It will contain blogs and YouTube channels that I enjoy as well as some sites that I use. I hope you take the time to check it out.

*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 or consider seeking the advice of a financial and/or tax professional.

Here are some of the 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. Who doesn’t want free bitcoin! 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
https://m1.finance/ktIiFeOI5zDr

I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $50. These promotions vary from time to time but is usually a $10 bonus. If you are interested in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr

This image has an empty alt attribute; its file name is varo.png

Varo Bank is one of the banks that I use. From time to time the bank will run promotions. Currently, you can earn up to 3% on your savings with Varo, if you meet certain requirements. If you are interested in checking it out, here is my referral link: https://bank.varomoney.com/signup?r=William360

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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