Dividends, Investing and Options Trading Weekly Update 7/29/22

The stock market stumbled a little bit at the start of the week going down slightly the first couple of days. Then, on Wednesday, the stock market took off and both the S&P 500 and NASDAQ finished the week up over 4%. I am still not sure if this is a bear market rally or if the stock market is recovering and getting ready to go on a bull run. Regardless of what the market is going to do, I am going to continue with my plan. Despite the market rebounding this month, I still believe there are good deals to be had on quality companies and I continue to buy. Let’s check out the details for my weekly update on dividends, investing and options trading.

Dividends

The following dividend was received in the Roth IRA this week:

• Amplify CWP Enhanced Dividend ETF (DIVO) – $1.66

This dividend is pending reinvestment into the underlying position. The total amount of dividends received this week came to $1.66.

Investing

This week I made the following buys in the Traditional IRA

• Lowes Companies Inc. (LOW) – 0.25 shares
• Schwab U.S. Dividend Equity ETF (SCHD) – 0.25 shares
• Texas Instruments Inc. (TXN) – 0.25 shares
• U.S. Bancorp (USB) – 1 share
• Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares
• Kroger Co. (KR) – 0.451 shares

The following buys were made this week in the Roth IRA:

• Amplify CWP Enhanced Dividend ETF (DIVO) – 1 share
• J.P. Morgan Equity Premium Income ETF (JEPI) – 0.50 shares
• J.P. Morgan NASDAQ Equity Premium Income ETF (JEPQ) – 0.50 shares
• Schwab U.S. Dividend Equity ETF (SCHD) – 1 share
• Innovative Industrial Properties Inc. (IIPR) – 0.203 shares
• Digital Realty Trust Inc. (DLR) – 0.124 shares

In the 401k I made the following buys this week:

• Vanguard Total Stock Market Index Fund – 8.7118 units
• DFA Commodity Strategy Portfolio – 1.3097 units
• Vanguard Total Bond Market Index Fund – 2.4484 units
• Vanguard Total International Stock Market Index Fund – 2.26 units

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 cash secured put at a strike price of $17.00 with an expiration date of July 29, 2022. The premium received for this trade was -$17.03 after fees. I held this trade for about 3 days resulting in a profit of $80.28.
• General Motors Co. (GM) – bought a closing transaction on covered call at a strike price of $38.00 with an expiration date of July 29, 2022. The premium received for this trade was -$9.03 after fees. I held this trade for about 4 days resulting in a profit of $5.28.

Opened Positions

• General Motors Co. (GM) – sold a covered call at a strike price of $38.00 with an expiration date of July 29, 2022. The premium received for this trade was $14.31 after fees.
• Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – sold a cash secured put at a strike price of $17.00 with an expiration date of July 29, 2022. The premium received for this trade was $97.31 after fees.
• Warner Bros. Discovery (WBD) – sold a covered call at strike price of $16.00 with an expiration date of July 29, 2022. The premium received for this trade was $2.81 after fees.
• Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL) – sold a cash secured put at a strike price of $17.00 with an expiration date of August 05, 2022. The premium received for this trade was $53.31 after fees.
• Hanes Brands Inc. (HBI) – sold a covered call at a strike price of $15.00 with an expiration date of January 20, 2023. The premium received for this trade was $14.31 after fees.
• General Motors Co. (GM) – sold a covered call at a strike price of $37.50 with an expiration date of August 19, 2022. The premium received for this trade was $51.31 after fees.

Expired Positions

• Warner Bros. Discovery (WBD) – a covered call at a strike price of $16.00 with an expiration date of July 29, 2022 expired out of the money. I held this trade for about 4 days resulting in a profit of $2.81.
• Verizon (VZ) – a covered call at a strike price of $53.50 with an expiration date of July 29, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of 7.56.
• AT&T Inc. (T) – two covered call contracts at a strike price of $22.50 with an expiration date of July 29, 2022 expired out of the money. I held this for about 19 days resulting in a profit of $13.23.
• Camping World Holdings (CWH) – a covered call at a strike price of $27.50 with an expiration date of July 29, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $9.46.

This week I received a total of $207.30 in options premium.

Account Updates

The Traditional IRA finished the week at about $115,950. As a result, the account value increased by $3,227 from the previous week.

The Roth IRA finished the week at about $4,248. As a result, the account value increased by $321 from the previous week. This includes a contribution of $200.

The 401k finished the week at about $13,398. As a result, the account value increased by $678 from the previous week. This includes a contribution of $269.

The taxable brokerage account finished the week at about $391. As a result, the account value increased by $5 from the previous week.

The little bit of bitcoin I own finished the week at about $16. This is up $2 from last week.

This brings the total amount invested to $134,003. Week over week, the total amount invested increased by $4,233. 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 $208.96 this week. This week was another down week for dividends. January, April, July and October are the months I receive the lowest amount of dividends so the low amount of dividends received was expected. Options trading was better this week. I am still trying to make up for the loss on my SOXL position which was called away at a price significantly below my cost basis. I made some good progress on that this week by selling puts. That wraps it up for my 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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