The stock market rebounded a little bit this week with both the S&P 500 and NASDAQ finishing the week in the green. Despite the uptick in the stock market there still remains many good deals with quality companies trading at attractive valuations. I took advantage of a few of the good deals this week. Let’s check out my weekly update on dividends, investing and options trading.
Dividends
This week I received the following dividends in the Traditional IRA:
- Brookfield Renewable Corp. (BEPC) – $16.12
In the Roth IRA I received the following dividends this week:
- Main Street Capital Corp. (MAIN) – $0.11
- J.P. Morgan NASDAQ Equity Premium Income ETF (JEPQ) – $2.15
- J.P. Morgan Equity Premium Income ETF (JEPI) – $6.29
- American Tower Corp. (AMT) – $1.43
All dividends received this week were reinvested into the underlying positions. For the week, I received a total of $26.10.
Investing
This week I made the following buys in the Traditional IRA:
- Lowes Companies Inc. (LOW) – 0.10 shares
- 3M Co. (MMM) – 0.10 shares
- U.S. Bancorp (USB) – 0.50 shares
- Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares
In the Roth IRA I made the following buys this week:
- Amplify CWP Enhanced Dividend ETF (DIVO) – 0.447 shares
- Huntington Bancshares Inc. (HBAN) – 0.849 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.181 shares
- J.P. Morgan Equity Premium Income ETF (JEPI) – 1.183 shares
- J.P. Morgan NASDAQ Equity Premium Income ETF (JEPQ) – 1.222 shares
- Medical Properties Trust Inc. (MPW) – 3.651 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.211 shares
- Store Capital Corp. (STOR) – 0.379 shares
- Vanguard Growth Index ETF (VUG) – 0.045 shares
This week I made the following sell in my Roth IRA:
- Omega Healthcare Investors Inc. (OHI) – liquidated this position
I was no longer comfortable with risk/reward of OHI so I sold out of the position and split the proceeds between JEPI, JEPQ and MPW.
Options Trading
The following options trades were made in the Traditional IRA this week:
Closed Positions
- Altria Group Inc. (MO) – bought a closing transaction on a covered call at a strike price of $52.50 with an expiration date of January 20, 2023. The premium received for this trade was -$42.03 after fees. I held this trade for about 323 days resulting in a profit of $199.28.
Opened Positions
- General Motors Co. (GM) – sold a covered call at a strike price of $34.00 with an expiration date of July 8, 2022. The premium received for this trade was $6.61 after fees.
- Warner Bros. Discovery (WBD) – sold a covered call at a strike price of $15.50 with an expiration date of July 8, 2022. The premium received for this trade was $3.76 after fees.
- Altria Group Inc. (MO) – sold a covered call at a strike price of $55.00 with an expiration date of January 19, 2024. The premium received for this trade was $91.31 after fees.
Expired Positions
- General Motors Co. (GM) – a covered call at a strike price of $34.00 with an expiration date of July 8, 2022 expired out of the money. This trade was held for about 4 days resulting in a profit of $6.61.
- Warner Bros. Discovery (WBD) – a covered call at a strike price of $15.50 with an expiration date of July 8, 2022 expired out of the money. This trade was held for about 4 days resulting in a profit of $3.76.
- Verizon (VZ) – a covered call at a strike price of $53.00 with an expiration date of July 8, 2022 expired out of the money. This trade was held for about 9 days resulting in a profit of $5.66.
This week I received a total of $59.65 in options premium.
Account Updates
The Traditional IRA finished the week at about $111,917. As a result, the account value increased by $550 from the previous week.
The Roth IRA finished the week at about $3,572. As a result, the account value increased by $172 from the previous week. This includes a contribution of $125.
The 401k finished the week at about $12,269. As a result, the account value increased by $57 from the previous week.
The taxable brokerage account finished the week at about $387. As a result, the account value increased by $26 from the previous week. This includes a contribution of $25.
The little bit of bitcoin I owned finished the week around $12. As a result, the value has increased by $1 from the previous week.
This brings the total amount invested to $128,157. Week over week, the total amount invested increased by $806. You can see all of the companies and funds I invest in by clicking “Overall Portfolio” in the menu above.
Wrap Up
The combined income from dividend and options premium totaled $85.75 this week. I continue to buy into this market. Buying now will set up my future self up for success. Because the stock prices are down, I get to buy more shares which translates to more income from dividends. That wraps it up for this weekly update on dividends, investing and options trading. 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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