This week, four of the portfolio holdings ranked in the Top 10: MMM, NC, QCOM, and TDS.
| Ticker | Account Value |
| MMM | 2,393.38 |
| NC | 1,247.12 |
| QCOM | 2,303.80 |
| TDS | 2,397.25 |
The lowest amount belongs to NC. In order to invest a minimum of $250 in NC, I need to purchase 7 shares this Monday. Below, is the purchase history and average cost calculation.
This week, five of the portfolio holdings ranked in the Top 10: MMM, MO, NC, QCOM, and TDS.
| Ticker | Account Value |
| MMM | 2,559.10 |
| MO | 1,023.44 |
| NC | 1,339.60 |
| QCOM | 2,472.00 |
| TDS | 2,569.25 |
The lowest amount belongs to MO. In order to invest a minimum of $250 in MO, I need to purchase 6 shares this Monday. Below, is the purchase history and average cost calculation.
On February 20th, in the interest of raising some covered call premium as a hedge against the chance that TDS would not be able to continue their amazing 49-year streak of dividend increases, I set up a limit order on a GTC basis. There are 215 shares of TDS in the portfolio and thus the order was for 2 contracts, representing 100 shares each:
Sell to Open: 2 August 18, 2023 $17.50 Call Options [Symbol: TDS230818C17.5]
Limit Order Price: Credit of $0.56 per share
I knew TDS would have to move up a bit from where it was at $13.70 in order for the trade to trigger at $0.56. I mentioned later in the post that I might be willing to accept $0.38 as that would still be twice the quarterly dividend. Sadly, the market gapped down before market open on Tuesday the 21st and even $0.38 wouldn’t trigger.
In fact, over the last 7 trading days, TDS has dropped nearly 12% to $12.11. Rather than wait to see whether or not it can bounce back to $14 in the coming weeks, I decided to take action.
…This week, four of the portfolio holdings ranked in the Top 10: MMM, NC, QCOM, and TDS.
| Ticker | Account Value |
| MMM | 2,479.40 |
| NC | 1,021.68 |
| QCOM | 2,486.80 |
| TDS | 2,644.50 |
The lowest amount belongs to NC. In order to invest a minimum of $250 in NC, I need to purchase 7 shares this Monday. Below, is the purchase history and average cost calculation.
I am going to set up a Limit Order on a Good Until Cancelled (GTC) basis1. There are 215 shares of TDS in the portfolio and therefore, I can sell 2 contracts this time.
Selling to Open: 2 August 18, 2023 $17.50 Call Option [Symbol: TDS230818C17.5]
Limit Order Price: Credit of $0.56 per share
With the specifics of the trade behind us, let’s discuss the investment in TDS to date.
…Three weeks ago, I made a first-time investment of $1,000 into Nacco Industries Inc [NC]. This is the final week I will be abstaining from the usual $250+ weekly investment. Along with skipping the last two weeks, this maintains the $250+ per week average. But I am still going through the motions of the weekly rankings because a) this is how you stave off early onset dementia and b) what is life, if not going through the motions?
…Two weeks ago, I made a first-time investment of $1,000 into Nacco Industries Inc [NC]. This means I will not make the usual $250+ purchase for this week and next week. Along with skipping last week, this maintains the $250+ per week average. Are you a fan of Deal or No Deal? Curious as to how it would have worked out?
…Last week, I added Nacco Industries Inc [NC] to the portfolio with an investment of $1,000. This means I will not make the usual $250+ purchase for this week and the following two weeks. This maintains the $250+ per week average.
But I know what you’re asking. Which stock would have been the chosen one?
…This week, two of the portfolio holdings ranked in the Top 10: MMM and QCOM.
| Ticker | Account Value |
| MMM | 2,650.75 |
| QCOM | 2,668.00 |
The lowest amount belongs to MMM. In order to invest a minimum of $250 in MMM, I would need to purchase 3 shares this Monday.
However, doing so would create an exposure violation.
…This week, three of the portfolio holdings ranked in the Top 10, MMM, QCOM, and TDS.
| Ticker | Account Value |
| MMM | 2,413.00 |
| QCOM | 2,458.00 |
| TDS | 2,623.00 |
The lowest amount belongs to MMM. In order to invest a minimum of $250 in MMM, I need to purchase 3 shares this Monday. Read on to see the purchase history of this stock, the average cost calculation (subject to change), and the exposure risk checks.
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