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

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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.

Dividends

This week I received the following dividend in the Roth IRA:

The dividend was reinvested into the underlying position. For the week, I received a total of $0.32 in dividends.

Investing

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

No sells were made this week.

Options Trading

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

Closed Positions

No positions were closed this week.

Opened Positions
Expired Positions

This week I received a total of $17.02 in options premium.

Account Updates

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.

Wrap Up

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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