Finally! The stock market finished in the green this week. It seems like it has been a long time since we had an up week in the stock market. The S&P 500 finished the week up a little over 6% while the NASDAQ finished the week up over 8%. My accounts were up this week as well. Let’s check out the details for my week of investing.
Dividends
The following dividends were received in the Traditional IRA this week:
- 3M Co. (MMM) – $31.25
- Realty Income Corp. (O) – $12.82
Both of these dividends were reinvested into the underlying positions.
The following dividends were received in the Roth IRA this week:
- STAG Industrial Inc. (STAG) – $0.13
- Main Street Capital Corp. (MAIN) – $0.18
Both of these dividends were reinvested into the underlying positions.
The total amount of dividends received this week was $44.38.
Buys/Sells
The following buys were made in the Traditional IRA this week:
- Vanguard Total Stock Market Index ETF (VTI) – 0.477 shares
The following buys were made in the Roth IRA this week:
- Amplify CWP Enhanced Dividend ETF (DIVO) – 1.226 shares
- Nationwide NASDAQ 100 Risk Managed Income DTF (NUSI) – 0.617 shares
- Invesco NASDAQ Next Generation ETF (QQQJ) – 0.535 shares
- J.P. Morgan Equity Premium Income ETF (JEPI) – 0.748 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.192 shares
- Vanguard Growth Index ETF (VUG) – 0.11 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.10 shares
The following buys were made in the 401k this week:
- Vanguard Total International Stock Market Index Fund – 2.1104 units
- Vanguard Total Bond Market Index Fund – 2.3283 units
- Vanguard Total Stock Market Index Fund – 8.3208 units
- DFA Commodity Strategy Portfolio – 1.252 units
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 $55.00 expiring on March 18, 2022 for a premium of -$10.03 after fees. This trade was held for about 23 days and resulted in a profit of $27.28.
- Verizon (VZ) – sold a covered call at a strike price of $55.00 expiring on April 14, 2022 for a premium of $52.31 after fees.
- Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL) – bought a closing transaction on a cash secured put at a strike price of $27.00 expiring on March 18, 2022 for a premium of -$125.68 after fees. This trade was held for about 7 days and resulted in a profit of $88.63.
- Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL) – sold a cash secured put at a strike price of $26.00 expiring on March 25, 2022 for a premium of $170.31 after fees.
- Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL) – bought a closing transaction on a cash secured put at a strike price of $26 expiring on March 25, 2022 for a premium of -$25.03 after fees. This trade was held for about 2 days and resulted in a profit of $145.28.
- Camping World Holdings (CWH) – sold a cash secured put at a strike price of $28.00 expiring on April 29, 2022 for a premium of $124.31 after fees.
- XL Fleet Corp. (XL) – a covered call at a strike price of $2.00 expired on March 18, 2022 in the money and 100 shares will be called away. This trade was held for about 24 days and resulted in a profit of $9.46.
- Kroger Co. (KR) – a covered call at a strike price of $48.00 expired on March 18, 2022 in the money and 100 shares will be called away. This trade was held for about 52 days and resulted in a profit of $185.32.
- Invesco NASDAQ Next Generation ETF (QQQJ) – a cash secured put at a strike price of $28.79 expired on March 18, 2022 out of the money. This trade was held for about 32 days and resulted in a profit $75.31.
The total amount of options premium received this week was $186.19.
Account Updates
The Traditional IRA finished the week at about $123,097. This is up $4,405 from the previous week.
The Roth IRA finished the week at about $2,956. This is up $397 over the previous week. This includes contributions of $200.
The 401k finished the week at about $11,396. This is up $626 over the previous week. This includes contributions of $264.
The taxable brokerage account finished the week at about $369. This is up $45 over the previous week.
The little bit of bitcoin that I own finished the week at about $21. This is up $3 over the previous week. This includes the addition of some rewards from purchases I made through Lolli.
The total amount invested is now about $137,839. This is up $5,476 over the previous week. All of the positions in my portfolio can be seen by clicking “Portfolios” in the menu above.
Wrap Up
The total amount of dividends and options premium received this week was $230.57. This week was a good week for the most part. I was disappointed that 100 shares of Kroger got called away. I did not anticipate the stock going up more than 20% in a month. My cost basis on the KR shares was a little over $35 so I did profit by selling the shares at $48. Selling the covered call limited the upside, so I did not reap the benefit of KR running past $48 to above $55. This is one of the drawbacks to trading options. Despite this, I still consider the reward of trading options greater than the risk. 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.
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
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
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.
I like the options trading strategy. I do a similar thing. Never have been assigned though because I have been luck and also do much less options than you do. Good luck
Thanks! I am trying to create a little extra income from options trading. Right now, that income is being reinvested to grow the account. In the future, options premium will help to pay my expenses.