After an up week last week the stock market finished the week down. Both the S&P 500 and NASDAQ finished down this week. Despite the down week in the stock market my accounts were up this week. The main reason my accounts finished up was because of the contributions I made. Let’s check out the details of my weekly update for dividends, investing and options trading.
Dividends
This week I received the following dividends in the Traditional IRA:
- Altria Group Inc. (MO) – $93.87
- W.P. Carey Inc. (WPC) – $57.14
- U.S. Bancorp (USB) – $18.98
- Realty Income Corp. (O) – $13.06
The dividend from MO was deposited into the core account to be reinvested in other positions at a future time. The remaining dividends received in the Traditional IRA were reinvested into the underlying positions.
This week I received the following dividends in the Roth IRA:
- Medical Properties Trust Inc. (MPW) – $2.22
- Store Capital Corp. (STOR) – $3.50
- STAG Industrial Inc. (STAG) – $0.21
- Philip Morris International Inc. (PM) – $0.63
- Innovative Industrial Properties Inc. (IIPR) – $4.16
All of the dividends received in the Roth IRA were reinvested into the underlying positions.
The dividends received this week totaled $193.77.
Investing
In the Traditional IRA I made the following buys this week:
- Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares
- Prudential Financial Inc. (PRU) – 0.60 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.10 shares
- Texan Instruments Inc. (TXN) – 0.10 shares
- U.S. Bancorp (USB) – 0.50 shares
The following buys were made in the Roth IRA this week:
- J.P. Morgan Equity Premium Income (JEPI) – 0.361 shares
- Amplify CWP Enhanced Dividend ETF (DIVO) – 0.591 shares
- J.P. Morgan NASDAQ Equity Premium Income ETF (JEPQ) – 0.426 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.202 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.28 shares
In the 401k I made the following buys this week:
- Vanguard Total Bond Market Index Fund – 2.4889 units
- DFA Commodity Strategy Portfolio – 1.3935 units
- Vanguard Total International Stock Market Index Fund – 2.3817 units
- Vanguard Total Stock Market Index Fund – 9.2042 units
No sells were made this week.
Options Trading
The following options trades were made in the Traditional IRA this week:
Closed Positions
- Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – bought a closing transaction on a covered call at a strike price of $30.00 with and expiration date of July 15, 2022. The premium received for this trade was -$2.03 after fees. I held this trade for about 28 days resulting in a profit of $6.48.
Opened Positions
- Verizon (VZ) – sold a covered call at a strike price of $52.50 with an expiration date of July 15, 2022. The premium received for this trade was $3.76 after fees.
- AT&T Inc. (T) – sold two covered calls at a strike price of $22.50 with an expiration date of July 29, 2022. The premium received for this trade was $13.23 after fees.
- General Motors Co. (GM) – sold a covered call at a strike price of $35.00 with an expiration date of July 22, 2022. The premium received for this trade was $7.56 after fees.
- Warner Bros. Discovery (WBD) – sold a covered call at a strike price of $16.00 with an expiration date of July 22, 2022. The premium received for this trade was $4.71 after fees.
- Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – sold a covered call at a strike price of $17.00 with an expiration date of July 22, 2022. The premium received for this trade was $10.41 after fees.
Expired Positions
- Camping World Holdings (CWH) – a covered call at a strike price of $27.50 with an expiration date of July 15, 2022 expired out of the money. I held this trade for about 18 days resulting in a profit of $19.31.
- Verizon (VZ) – a covered call at a strike price of $52.50 with an expiration date of July 15, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $3.76.
This week I received a total of $37.64 in options premium.
Account Updates
The Traditional IRA finished the week at about $111,913. As a result, the account value decreased by -$4 from the previous week.
The Roth IRA finished the week at about $3,723. As a result, the account value increased by $151 from the previous week. The account is actually down this week when the contribution of $200 is factored in.
The 401k finished the week at about $12,423. As a result, the account value increased by $154. When the regular bi-weekly contribution of $269 is factored in the account is down for the week.
The taxable brokerage account finished the week at about $375. As a result, the account value decreased by $12 from the previous week.
This week I made a purchase thru lolli.com which increased the amount of bitcoin I own by a little bit. The value of the bitcoin I own is around $14 which is up $2 from the previous week.
This brings the total amount invested to about $128,448. Week over week, the total amount invested increased by $291. You can see all of the companies and funds I invest in by clicking on “Overall Portfolio” in the menu above.
Wrap Up
The combined income from dividends and options premium totaled $231.41 this week. This week was a good week for income from the accounts. Investing in this bear market has been a good learning experience. Because the market is down, I can buy more income for less money. The down market has also taught me that I need to refine my options trading strategy to deal with a market downturns better. 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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