After some up weeks in the stock market, the stock market was down this week. Both the S&P 500 and NASDAQ were down this week. As usual, I continue to follow my plan regardless what the market is doing. 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:
- Proctor & Gamble Co. (PG) – $20.82
- Realty Income Corp. (O) – $13.11
- Texas Instruments Inc. (TXN) – $15.45
This week I received the following dividends in the Roth IRA:
- STAG Industrial Group Inc. (STAG) – $0.24
- Main Street Capital Corp. (MAIN) – $0.33
All of the above dividends were reinvested into the underlying positions. The total amount of dividends received this week was $49.95.
Investing
The following buys were made in the Traditional IRA this week:
- U.S. Bancorp (USB) – 0.50 shares
No other buys were made this week. No sells were made this week.
Options Trading
The following options trades were made in the Traditional IRA this week:
Closed Positions
- No positions were closed this week
Opened Positions
- Warner Bros. Discovery (WBD) – sold a cash secured put at a strike price of $13.50 with an expiration date of August 19, 2022. The premium received for this trade was $29.31 after fees.
- Verizon (VZ) – sold a covered call at strike price of $47.50 with an expiration date of August 26, 2022. The premium received for this trade was $3.76 after fees.
- Palantir Technologies Inc. (PLTR) – sold a covered call at a strike price of $11.00 with an expiration date of August 19, 2022. The premium received for this trade was $3.76 after fees.
- Warner Bros. Discovery (WBD) – sold a covered call at a strike price of $15.50 with an expiration date of August 26, 2022. The premium received for this trade was $3.76 after fees.
- Palantir Technologies Inc. (PLTR) – sold a cash secured put at a strike price of $9.50 with an expiration date of August 19, 2022. The premium received for this trade was $11.36 after fees.
Expired Positions
- Warner Bros. Discovery (WBD) – a cash secured put at strike price of $13.50 with an expiration date of August 19, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $29.31.
- AT&T Inc. (T) – two covered calls at a strike price of $20.00 with an expiration date of August 19, 2022 expired out of the money. I held this trade for about 18 days resulting in a profit of $5.63.
- SoFi Technologies (SOFI) – a cash secured put at a strike price of $7.50 with an expiration date of August 19, 2022 expired in the money. As a result, I will be assigned 100 shares. I held this trade for about 8 days resulting in a profit of $34.31 from premium collected.
- Palantir Technologies Inc. (PLTR) – a cash secured put at a strike price of $9.50 with an expiration date of August 19, 2022 expired in the money. As a result, I will be assigned 100 shares. I held this trade for about 4 days resulting in a profit of $11.36 from premium collected.
- Palantir Technologies Inc. (PLTR) – a covered call at strike price of $11.00 with an expiration date of August 19, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $3.76.
- General Motors Co. (GM) – a covered call at a strike price of $37.50 with an expiration date of August 19, 2022 expired in the money. As a result, 100 shares will be called away. I held this trade for about 23 days resulting in a profit of $51.31 from premium received.
- Camping World Holdings (CWH) – a cash secured put at a strike price of $27.00 with an expiration date of August 19, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $24.31.
This week I received a total of $51.95 in options premium.
Account Updates
The Traditional IRA finished the week at about $118,726. As a result, the account value decreased by -$826 from the previous week.
The Roth IRA finished the week at about $4,758. As a result, the account value increased by $90 from the previous week. This includes the normal bi-monthly contribution of $125.
The 401k finished the week at about $13,788. As a result, the account value decreased by -$196 from the previous week.
The taxable brokerage account finished the week at about $425. As a result, the account value decreased by -$41 from the previous week.
The little bit of bitcoin that I own finished the week at a little under $14. This is down -$2 from the previous week.
This brings the total amount invested to about $137,711. Week over week, the total amount invested decreased by -$1,011. You can see all of the positions in my portfolio by clicking “Overall Portfolio” in the menu above.
Wrap Up
The combined income from dividends and options premium totaled $101.90 this week. This week I was not very active when it comes to buying and selling but I did receive some dividends and a little bit of options premium. I am a little disappointed that my shares of GM will be getting called away, especially since it reinstated its dividend. But, to be honest, there are better opportunities out there for my money. That wraps it up for this week. 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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