Dividends, Investing and Options Trading Weekly Update 10/15/22

The stock market was a wild ride roller coaster ride last week, especially on Thursday when the market opened up by dropping down then shooting way up to finish the day positive. On Friday, the stock market went back down which resulted in the S&P 500 and NASDAQ finishing the week down. I am glad that I do not follow the stock market closely on a daily basis. If I did I would probably be suffering from whiplash right now from the violent swings in the market last week. Let’s check out how my accounts did this past week.

Dividends

The following dividends were received in the Traditional IRA this week:

• Altria Group Inc. (MO) – $98.04
• W.P. Carey Inc. (WPC) – $57.98
• Realty Income Corp. (O) – $13.23

In the Roth IRA this week, the following dividends were received :

• Philip Morris International Inc. (PM) – $1.22
• Medical Properties Trust Inc. (MPW) – $4.93
• Innovative Industrial Properties Inc. (IIPR) – $9.13
• Main Street Capital Corp. (MAIN) – $0.34

The dividend from MO was deposited to the core account to be reinvested at a future time. All other dividends were reinvested back into the underlying positions.

The total amount of dividends received this week was $184.87.

Investing

I made following buys in the Traditional IRA this week:

• U.S. Bancorp (USB) – 1 share
• Texas Instruments Inc. (TXN) – 0.10 shares
• Schwab U.S. Dividend Equity ETF (SCHD) – 0.143 shares
• Broadcom Inc. (AVGO) – 0.05 shares
• Lowes Companies Inc. (LOW) – 0.10 shares

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

• Schwab U.S. Dividend Equity ETF (SCHD) – 0.50 shares
• Amplify CWP Enhanced Dividend ETF (DIVO) – 0.50 shares
• STAG Industrial Inc. (STAG) – 0.50 shares
• Philip Morris International Inc. (PM) – 0.10 shares
• Main Street Capital Corp. (MAIN) – 0.463 shares
• Digital Realty Trust Inc. (DLR) – 0.10 shares
• Crown Castle Inc. (CCI) – 0.10 shares
• American Tower Corp. (AMT) – 0.10 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

• Warner Bros. Discovery (WBD) – sold a covered call at a strike price of $13.50 with an expiration date of October 014, 2022. The premium received for this trade was $2.81 after fees.
• SoFi Technologies Inc. (SOFI) – sold a covered call at a strike price of $6.00 with an expiration date of October 14, 2022. The premium received for this trade was $1.86 after fees.
• Palantir Technologies (PLTR) – sold two covered calls at a strike price of $9.50 with an expiration date of October 14, 2022. The premium received for this trade was $3.73 after fees.

Expired Positions

• SoFi Technologies Inc. (SOFI) – a covered call at a strike price of $6.00 with an expiration date of October 14, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $1.86.
• SoFi Technologies Inc. (SOFI) – a covered call at a strike price of $6.50 with an expiration date of October 14, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $1.86.
• Warner Bros. Discovery (WBD) – a covered call at a strike price of $13.50 with an expiration date of October 14, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $2.81.
• Palantir Technologies (PLTR) – two covered calls at a strike price of $9.50 with an expiration date of October 14, 2022 expired out of the money. I held this trade for about 5 days resulting in a profit of $3.73.
• Verizon (VZ) – a covered call at a strike price of $41.00 with an expiration date of October 14, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $5.66.
• AT&T Inc. (T) – two covered calls at a strike price of $17.00 with an expiration date of October 14, 2022 expired out of the money. I held this trade for about 11 days resulting in a profit of $6.57.

This week I received a total of $8.40 in options premium.

Account Updates

The Traditional IRA finished the week at about $101,424. As a result, the account value decreased by -$30 from the previous week.

The Roth IRA finished the week at about $5,252. As a result, the account value increased by $112 from the previous week. This includes a contribution of $125.

The 401k finished the week at about $13,088. As a result, the account value decreased by -$249 from the previous week.

The taxable brokerage account finished the week at about $387. As a result, the account value decreased by -$30 from the previous week.

The little bit of bitcoin that I own finished the week at about $13. As a result, this is even with the previous week.

This brings the total amount invested to about $120,164. Week over week, the total amount invested decreased by -$197. 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 $193.27 this week. Despite October being a slow month for dividends for me, this week was a great week for dividends with a couple of my larger positions, MO and WPC, paying out this week. While the income from dividends this week was good, the options premium continues to be minimal. The next couple of weeks should be a little bit better for options premium, at least I hope so. 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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