This past week was another down week in the stock market. The S&P 500 and NASDAQ were trading down a little bit during the week but really dropped on Friday after the Fed Chairman Jerome Powell spoke. As for me, it was a very busy week at work with a lot of overtime. A lot of people have been taking time off to get in vacations before their kids go back to school and the summer ends. This week was also a busy week of investing for me. Let’s check out my weekly update on dividends, investing and options trading.
Dividends
The following dividend was received the the Traditional IRA this week:
- British American Tobacco ADR (BTI) – $23.89 after fees
This dividend was reinvested back into the underlying position. The total amount of dividends received this week was $23.89.
Investing
In the Traditional IRA, the following buys were made this week:
- U.S. Bancorp (USB) – 4.5 shares
- Broadcom Inc. (AVGO) – 0.20 shares
- Lowes Companies Inc. (LOW) – 0.35 shares
- Prudential Financial Inc. (PRU) – 1 share
- Schwab U.S. Dividend Equity ETF (SCHD) – 1 share
- Texas Instruments Inc. (TXN) – 0.15 shares
- Tractor Supply Co. (TSCO) – 0.13 shares
- Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares
The following buys were made in the Roth IRA this week:
- Amplify CWP Enhanced Dividend ETF (DIVO) – 0.60 shares
- J.P. Morgan Equity Premium Income ETF (JEPI) – 0.40 shares
- J.P. Morgan NASDAQ Equity Premium Income ETF (JEPQ) – 0.40 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.67 shares
- Vanguard Growth Index ETF (VUG) – 0.201 shares
- Digital Realty Trust Inc. (DLR) – 0.25 shares
- Huntington Bancshares Inc. (HBAN) – 1.70 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.518 shares
- Medical Properties Trust Inc. (MPW) – 1 share
- Store Capital Corp. (STOR) – 1 share
The following buys were made in the taxable brokerage account this week:
- Shopify Inc. (SHOP) – 0.04957 shares
- Teladoc Health Inc. (TDOC) – 0.08575 shares
Also in the taxable brokerage account I made the following sell this week:
- Pacific Biosciences of California (PACB) – sold out of the position
Options Trading
The following options trades were made in the Traditional IRA this week:
Closed Positions
- No positions were closed this week
Opened Positions
- Scott’s Miracle-Gro (SMG) – sold a cash secured put at a strike price of $75.00 with an expiration date of September 16, 2022. The premium received for this trade was $309.31 after fees.
- AT&T Inc. (T) – sold two covered calls at a strike price of $19.50 with an expiration date of September 2, 2022. The premium received for this trade was $3.73 after fees.
- Palantir Technologies Inc. (PLTR) – sold two covered calls at a strike price of $9.50 with an expiration date of August 26, 2022. The premium received for this trade was $5.63 after fees.
- SoFi Technologies (SOFI) – sold a covered call at a strike price of $7.50 with an expiration date of September 2, 2022. The premium received for this trade was $3.76 after fees.
Expired Positions
- SoFi Technologies (SOFI) – a cash secured put at a strike price of $7.50 with an expiration date of August 26, 2022 expired in the money. As a result, I will be assigned 100 shares of SOFI stock. I held this trade for about 15 days resulting in a profit of $29.31.
- Verizon (VZ) – a covered call at a strike price of $47.50 with an expiration date of August 26, 2022 expired out of the money. I held this trade for about 12 days resulting in a profit of $3.76.
- Warner Bros. Discovery (WBD) – a covered call at a strike price of $15.50 with an expiration date of August 26, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $3.76.
- Palantir Technologies Inc. (PLTR) – two covered calls at a strike price of $9.50 with an expiration date of August 26, 2022 expired out of the money. I held this trade for about 4 days resulting in a profit of $5.63.
This week I received a total of $322.43 in options premium.
Account Updates
The Traditional IRA finished the week at about $114,558. As a result, the account value decreased by -$4,168 from the previous week.
The Roth IRA finished the week at about $4,762. As a result, the account value increased by $4 from the previous week. When the $175 contribution this week is factored in, the account is down for the week.
The 401k finished the week at about $13,501. As a result, the account value decreased by -$287 from the previous week.
The taxable brokerage account finished the week at about $411. As a result, the account value decreased by -$14 from the previous week.
The little bit of bitcoin that I own finished the week at about $13. As a result, this is down -$1 from the previous week.
This brings the total amount invested to about $133,245. Week over week, the total amount invested decreased by -$4,466. 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 $346.32 this week. Even though it was a busy week for me personally, I found time to invest in my future by buying some dividend stocks on sale. This week was also a good week for collecting options premium mainly due the put I sold on SMG. SMG has been on my watchlist for some time now and I believe it is very undervalued at this point. Because of this, I was comfortable selling an at the money cash secured put. 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.
Below is a list of a few businesses I use. Check out some these offers.
Up to 5% Savings Rate!
I use Varo Bank for part of my emergency fund. From time to time the bank will run promotions. Currently, you can earn up to 5% on your savings with Varo, if you meet certain requirements. I got us both $50 from Varo.* Just open a Varo Bank Account using my link below, spend $20 on your new debit card, and we’ll both get paid. https://varomoney.com/r/?r=William360
Free Bitcoin!
Lolli offers rewards in the form of bitcoin for shopping at a large variety of stores. I use Lolli when I shop on Chewy and I get bitcoin as a reward. Who doesn’t want free bitcoin! If you are interested in Lolli and want to help support the blog click my referral link: https://www.lolli.com/share/XP7gxDgqC4
Investing Made Easy
I use M1 Finance for my taxable growth account. M1 Finance offers promotions for signing up. At the time of writing this post, the promotion is for $10 but will vary from time to time and could be up to $50. If you are interested in M1 Finance and want to support the blog here is my referral link: https://m1.finance/ktIiFeOI5zDr
If you use the referral links listed above I could receive compensation. Please take the time to read the terms and conditions before signing up.