Dividends, Investing and Options Trading Weekly Update 6/10/22

The stock market finished down again this week. The drop in the stock market was largely because the CPI report on inflation came in higher than expected. Because of the higher than expected inflation, it is likely that the Fed will raise interest rates even higher than anticipated which seemed to scare investors on Friday. Despite the down week in the market, I still received dividends, continued investing and did some options trading this week. Let’s check out the details for my week.

Dividends

This week I received the following dividends in the Traditional IRA:

• Johnson & Johnson (JNJ) – $28.17
• Tractor Supply Co. (TSCO) – $13.21
• Microsoft Corp. (MSFT) – $15.63

In the Roth IRA this week I received the following dividends:

• J.P. Morgan Equity Premium Income ETF (JEPI) – $4.91

All of the dividends received this week were reinvested into the underlying positions. For the week, I received a total of $61.92 of dividends.

Investing

This week I made the following buys in the Traditional IRA:

• Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares

I made the following buys in the Roth IRA this week:

• Store Capital Corp. (STOR) – 0.50 shares
• Medical Properties Trust Inc. (MPW) – 0.50 shares

No sells were made this week.

Options Trading

This week I made the following options trades in the Traditional IRA:

Closed Positions

• Enterprise Products Partners (EPD) – bought a closing transaction on a covered call at a strike price of $25.00 with an expiration date of June 17, 2022. The premium received for this trade was -$315.68. This trade was held for about 234 days for a loss of -$224.36.
• Enbridge Inc. (ENB) – bought a closing transaction on a covered call at a strike price of $42.50 with an expiration date of July 15, 2022. The premium received for this trade was -$340.68. This trade was held for about 120 days for a loss of -$164.37.

Opened Positions

• Verizon (VZ) – sold a covered call at a strike price of $52.50 with an expiration date of June 10, 2022. The premium received for this trade was $5.66.
• Enterprise Products Partners (EPD) – sold a covered call at a strike price of $25.00 with an expiration date of September 16, 2022. The premium received for this trade was $339.31.
• Camping World Holdings (CWH) – sold a covered call at a strike price of $32.00 with an expiration date of June 17, 2022. The premium received for this trade was $9.46.
• AT&T Inc. (T) – sold two covered calls at a strike price of $22.50 with an expiration date of June 24, 2022. The premium received for this trade was $5.62.
• Enbridge Inc. (ENB) – sold a covered call at a strike price of $42.50 with an expiration date of October 21, 2022. The premium received for this trade was $409.31.

Expired Positions

• Warner Bros. Discovery (WBD) – a covered call at a strike price of $22.00 with an expiration date of June 10, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $4.71.
• Verizon (VZ) – a covered call at a strike price $52.50 with an expiration date of June 10, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $5.66.
• Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – a covered call at a strike price of $30.00 with an expiration date of June 10, 2022 expired out of the money. I held this trade for about 22 days resulting in a profit of $29.31.
• General Motors Co. (GM) – a covered call at a strike price of $40.00 with an expiration date of June 10, 2022 expired out of the money. I held this trade for about 15 days resulting in a profit of $23.31.

This week I received a total of $113.00 in options premium.

Account Updates

The Traditional IRA finished the week at about $113,636 invested. As a result, this account is down -$4,404 week over week.

The Roth IRA finished the week at about $3,242. As a result, this account is down -$139 week over week.

The 401k finished the week at about $12,074. As a result, this account is down -$405 week over week.

The taxable brokerage account finished the week at about $341. As a result, this account is down -$19 week over week.

The little bit of bitcoin in my account finished the week at little under $17. Week over week, this account is up by about $1.

This brings the total amount invested to about $129,310. Week over week, the total amount invested is down -$4,966. If you would like see all the positions I invest in, click “Portfolios” in the menu above.

Wrap Up

For the week, I received a total of $174.92 of income from dividends and options premium. June is a great month for dividends with a steady inflow every week. This week I had little capital for investing but was still able to make a few buys. On the options trading front, I rolled out a couple of trades that were in the money. By rolling out these trades, I have bought myself some time to manage these trades. That wraps it up for this week. Thanks for following along!

*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.

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