2025-01-25
This week four of the portfolio holdings ranked in the Top Ten: FMCB, PII, PPG, and SJW.
| Ticker | Account Value |
| FMCB | 3,120.00 |
| PII | 2,260.86 |
| PPG | 3,437.84 |
| SJW | 2,902.41 |
The lowest amount belongs to PII which last traded at $53.83. I will acquire 5 shares of PII on Monday. Please see the post on 2025-01-04 for a high-level look at PII’s performance over the last 16 years. Below, is the purchase history and average cost calculation.
This week, three of the portfolio holdings ranked in the Top Ten: PII, PPG, and SJW.
| Ticker | Account Value |
| PII | 1,831.17 |
| PPG | 3,366.72 |
| SJW | 3,025.89 |
The lowest amount belongs to PII which last traded at $55.49. In addition to the usual $250+ weekly amount, there is another $250.54 of income available for reinvestment. Therefore, I will acquire 9 shares of PII on Tuesday (the market is closed on Monday). Please see the post on 2025-01-04 for a high-level look at PII’s performance over the last 16 years. Below, is the purchase history and average cost calculation.
I cancelled my existing order:
Selling to Open: 1 April 17, 2025 $45.00 Call Option [Symbol: VZ250417C45]
Limit Order Price: Credit of $0.40 per share
And replaced it with:
Selling to Open: 1 April 17, 2025 $42.00 Call Option [Symbol: VZ250417C42]
Limit Order Price: Credit of $0.40 per share
It executed immediately. It brings in $39.49 in option premium with an 84% chance it will expire worthless. The hope is that over the next 92 days, VZ will climb back above $40.
I cancelled my existing order:
Selling to Open: 3 March 21, 2025 $12.50 Call Options [Symbol: LEG250321C12.5]
Limit Order Price: Credit of $0.40 per share
And replaced it with:
Selling to Open: 3 October 17, 2025 $15.00 Call Options [Symbol: LEG251017C15]
Limit Order Price: Credit of $0.41 per share
It executed immediately. It brings in $121.46 in option premium with an 87% chance they will expire worthless. The hope is that over the next 277 days, LEG begins to close the gap between where it is trading at $10 and the $15 strike.
This week, three of the portfolio holdings ranked in the Top Ten: PII, PPG, and SJW.
| Ticker | Account Value |
| PII | 1,300.56 |
| PPG | 3,169.04 |
| SJW | 2,864.61 |
The lowest amount belongs to PII which last traded at $54.19. In addition to the usual $250+ weekly amount, there is another $256.18 of income available for reinvestment. Therefore, I will acquire 9 shares of PII on Monday. Please see the post on 2025-01-04 for a high-level look at PII’s performance over the last 16 years. Below, is the purchase history and average cost calculation.
This week, four of the portfolio holdings ranked in the Top Ten: FMCB, PII, PPG, and SJW.
| Ticker | Account Value |
| FMCB | 3,123.00 |
| PII | 1,099.34 |
| PPG | 3,199.56 |
| SJW | 3,041.01 |
The lowest amount belongs to PII which last traded at $57.86. Therefore, I will acquire 5 shares of PII on Monday. Below, is the purchase history and average cost calculation.
This week is the third and final ‘off’ week intended to restore the $250+ per week pace of investment which became necessary with the establishment of a position in BDX. Read on to find out which position would have been most worthy of new money.
This week, four of the portfolio holdings ranked in the Top Ten: BDX, PII, PPG, and SJW.
| Ticker | Account Value |
| BDX | 1,370.94 |
| PII | 1,091.17 |
| PPG | 3,370.64 |
| SJW | 3,110.94 |
The lowest amount belongs to PII. There is nothing precluding further investment in that position, other than it being an ‘off’ week.
…The longest call option I’ve ever sold, 228 days, has expired worthless. I was hoping LEG would climb from $13.95 to $15.00+ so that the shares would be called away and the position could be closed at a profit. It got as high as $14.24 and closed at $9.69 on Friday. The recent sell off is likely the product of tax loss harvesting, but I would not rule out a concerted effort on the part of big money to take out Royal Dividends. That’s right, I said it. Time to acknowledge that I’m going to be in this for the long haul, and accordingly, get more aggressive.
Selling to Open: 3 March 21, 2025 $12.50 Call Options [Symbol: LEG250321C12.5]
Limit Order Price: Credit of $0.40 per share
The last covered calls brought in $448.46 and this time I’m hoping for just $120.00 before commissions, and at a lower strike to boot. LEG needs to climb above $10.00 to trigger this order, so it may have to work for a bit. LEG needs to get off the schneid.
The covered call on VZ has expired worthless to some absolute sucker. I kid faceless stranger! In the 123 days this call was part of the portfolio, VZ actually traded slightly above $45.00, even four days in row as we crossed from September into October. Since then, VZ has fallen with the broader market, and it closed at $39.93 on Friday. That’s $35.49 of free money and time to rinse and repeat.
Selling to Open: 1 April 17, 2025 $45.00 Call Option [Symbol: VZ250417C45]
Limit Order Price: Credit of $0.40 per share
This order may have to work for a bit to execute.
This week is the second of three ‘off’ weeks intended to restore the $250+ per week pace of investment which became necessary with the establishment of a position in BDX. Read on to find out which position would have been most worthy of new money.
This week, four of the portfolio holdings ranked in the Top Ten: FMCB, PII, PPG, and SJW.
| Ticker | Account Value |
| FMCB | 3,060.06 |
| PII | 1,099.34 |
| PPG | 3,365.88 |
| SJW | 3,162.60 |
The lowest amount belongs to PII. There is nothing precluding further investment in that position, other than it being an ‘off’ week.
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