The stock market rallied this week with the S&P 500 and NASDAQ finishing up a fair amount. Is this a bear market rally or the start of the stock market recovering? I honestly have no clue and only time will tell. This week was a pretty slow week of investing for me. Let’s check out the details for my weekly update on dividends, investing and options trading.
This week I received the following dividend in the Roth IRA:
- Main Street Capital Corp. (MAIN) – $0.32
The dividend was reinvested into the underlying position. For the week, I received a total of $0.32 in dividends.
In the Roth IRA I made the following buys this week:
- Philip Morris International Inc. (PM) – 0.25 shares
- Digital Realty Trust Inc. (DLR) – 0.20 shares
- Crown Castle International Corp. (CCI) – 0.10 shares
- STAG Industrial Inc. (STAG) – 0.25 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.25 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.25 shares
- Amplify CWP Enhanced Dividend ETF (DIVO) 0.513 shares
No sells were made this week.
This week I made the following options trades in the Traditional IRA:
No positions were closed this week.
- Verizon (VZ) – sold a covered call at a strike price of $53.50 with an expiration date of July 29, 2022. The premium received for this trade was $7.56 after fees.
- Camping World Holdings (CWH) – sold a covered call at a strike price of $27.50 with an expiration date of July 29, 2022. The premium received for this trade was $9.46 after fees.
- Warner Bros. Discovery (WBD) – a covered call at a strike price of $16.00 with an expiration date of July 22, 2022 expired out of the money. I held this trade for about 10 days resulting in a profit of $4.71.
- General Motors Co. (GM) – a covered call at strike price of $35.00 with an expiration date of July 22, 2022 expired out of the money. I held this trade for about 10 days resulting in a profit of $7.56.
- Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – a covered call at a strike of $17.00 with an expiration date of July 22, 2022 expired in the money. As a result, 100 shares were assigned. I held this trade for about 10 days resulting in a profit of $10.41 from options premium. Because I sold this covered call significantly below my cost basis, this position realized a loss of about $1,145.
This week I received a total of $17.02 in options premium.
The Traditional IRA finished the week at about $112,723. As a result, the account value increased by $810 from the previous week.
The Roth IRA finished the week at about $3,927. As a result, the account value increased by $204 from the previous week. This increase includes a contribution of $125 made this week.
The 401k finished the week at about $12,720. As a result, the account value increased by $297 from the previous week.
The taxable brokerage account finished the week at about $386. As a result, the account value increased by $11 from the previous week.
The little bit of bitcoin I own finished the week at about $14. This account is even week over week.
This brings the total amount invested to about $129,770. Week over week, the total amount invested increased by $1,322. You can see all of the companies and funds I invest in by clicking “Overall Portfolio” in the menu above.
The combined income from dividends and options premium totaled $17.34 this week. This week was a slow week for generating income from my investments. Also, I did realize a loss on the SOXL options trade which will take some work to make up for that loss. Trading options on leveraged ETFs can be risky because the price can move up or down dramatically. The reward for taking on that risk is higher options premium. As always, it is important to understand the risk/reward of your investments and find a balance that is comfortable for you. The upcoming week looks to be another down week for dividends but then on August 1 the dividends will pick back up. That wraps it up for this week’s 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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