Dividends, Investing and Options Trading Weekly Update 7/8/22

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.

Below is a list of a few businesses I use. Check out some these offers.

Up to 5% Savings Rate!

I use Varo Bank for part of my emergency fund. From time to time the bank will run promotions. Currently, you can earn up to 5% on your savings with Varo, if you meet certain requirements. I got us both $50 from Varo.* Just open a Varo Bank Account using my link below, spend $20 on your new debit card, and we’ll both get paid. https://varomoney.com/r/?r=William360

Free Bitcoin!

Lolli offers 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

Investing Made Easy

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 $10 but will vary from time to time and could be up to $50. If you are interested in 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.