After an up week in the stock market last week the stock market dropped significantly this week. The S&P 500 dropped almost 5% while the NASDAQ dropped more than 5%. Inflation is still not under control which means that the Fed will continue to aggressively raise interest rates. The likelihood of a significant recession has greatly increased. FedEx announced ahead of time that its earnings will be down significantly from expectations due to a global economic downturn. There could be some rough times ahead. Anyways, let’s check out my weekly update on dividends, investing and options trading.
Dividends
The following dividends were received the the Traditional IRA this week:
- 3M Co. (MMM) – $38.60
- Hanes Brands Inc. (HBI) – $15.00
- Prudential Financial Inc. (PRU) – $42.15
- Realty Income Corp. (O) – $13.15
The following dividends were received in the Roth IRA this week:
- STAG Industrial Inc. (STAG) – $0.25
- Main Street Capital Corp. (MAIN) – $0.33
The dividends from MMM and HBI were deposited into the core account to be reinvested at a future time. All of the remaining dividends were reinvested back into the underlying positions.
The total amount of dividends received this week was $109.48.
Investing
I made following in the Traditional IRA this week:
- U.S. Bancorp (USB) – 1 share
- Vanguard Total Stock Market Index ETF (VTI) – 0.10 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 0.10 shares
In the Roth IRA, I made the following buys this week:
- Philip Morris International Inc. (PM) – 0.20 shares
- Schwab U.S. Dividend Equity ETF (SCHD) – 1 share
- Medical Properties Trust Inc. (MPW) – 2 shares
- Digital Realty Trust Inc. (DLR) – 0.55 shares
- Amplify CWP Enhanced Dividend ETF (DIVO) – 0.50 shares
- Crown Castle Inc. (CCI) – 0.10 shares
- Innovative Industrial Properties Inc. (IIPR) – 0.20 shares
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
- Palantir Technologies (PLTR) – sold a covered call at a strike price of $9.50 with an expiration date of September 23, 2022. The premium received for this trade was $5.63 after fees.
- SoFi Technologies Inc. (SOFI) – sold a covered call at a strike price of $7.00 with an expiration date of September 23, 2022. The premium received for this trade was $9.46 after fees.
- Verizon (VZ) – sold a covered call at a strike price of $44.50 with an expiration date of September 16, 2022. The premium received for this trade was $2.81 after fees.
Expired Positions
- SoFi Technologies Inc. (SOFI) – a covered call at a strike price of $7.00 with an expiration date of September 16, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $3.76.
- Verizon (VZ) – a covered call at a strike price of $44.50 with an expiration date of September 16, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $2.81.
- Warner Bros. Discovery (WBD) – a covered call at a strike price of $14.50 with an expiration date of September 16, 2022 expired out of the money. I held this trade for about 8 days resulting in a profit of $1.86.
- AT&T Inc. (T) – two covered calls at a strike price of $18.50 with an expiration date of September 16, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $3.73.
- Scotts Miracle-Gro (SMG) – a covered call at a strike price of $65.00 with an expiration date of September 16, 2022 expired out of the money. I held this trade for about 8 days resulting in a profit of $14.31.
This week I received a total of $17.90 in options premium.
Account Updates
The Traditional IRA finished the week at about $109,201. As a result, the account value decreased by -$3,880 from the previous week.
The Roth IRA finished the week at about $5,127. As a result, the account value increased by $37 from the previous week. This includes a contribution of $235 made this week.
The 401k finished the week at about $13,455. As a result, the account value decreased by -$460 from the previous week.
The taxable brokerage account finished the week at about $419. As a result, the account value decreased by -$26 from the previous week.
The little bit of bitcoin that I own finished the week at about $13. As a result, this decreased by -$1 from the previous week.
This brings the total amount invested to about $128,215. Week over week, the total amount invested decreased by -$4,330. 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 $127.38 this week. Despite the bad news this week, I continue to stick to my plan and continue to invest. In fact, I added some extra cash to my Roth IRA this week. I can’t predict what is going to happen with the economy or the stock market. Because of this, I just stay the course and invest some extra money when I can. 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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