Trades

In addition to the usual $250+ weekly investment, there is over $250 ($282.09 to be exact) of uninvested income in the account and one lucky position will be the recipient of all that cold, hard cash. This week, four of the portfolio holdings ranked in the Top Ten: FMCB, PPG, SJW, and VZ.

Ticker	Account Value
FMCB	2,877.00
PPG	2,325.60
SJW	2,020.28
VZ	7,187.97

The lowest amount belongs to SJW which last traded at $58.28. I will acquire 9 shares of SJW on Monday. See my post on 2024-07-27 for a slightly deeper dive into SJW’s historical performance. Below, is the purchase history and average cost calculation.

Royal Dividends has closed out its position in TDS. How did it go?

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Closed Position Performance [TDS]Read More »

This is the third post of the weekend, and it concludes a very simple sequence of trades to be made when the market opens on Monday:

1. Place a market order to sell the remaining 45 shares of TDS. At approximately $20.52 per share, the proceeds from this sale plus those from the assignment on the three covered calls with a strike price of $20.00 should produce approximately $6,923.40 in cash.
2. Place a market order to purchase 177 shares of VZ. At approximately $40.61 per share, this should use up the available cash from #1 in addition to the usual $250+ weekly investment.
3. Place a Limit Order GTC Selling to Open 1 December 20, 2024 $45.00 Call Option [Symbol: VZ241220C45] for a credit of $0.35 per share.

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Selling a Covered Call [VZ]Read More »

This week, five of the portfolio holdings ranked in the Top 10: FMCB, MDT, PPG, SJW, and TGT.

Ticker	Account Value
FMCB	2,877.00
MDT	2,030.40
PPG	2,325.60
SJW	2,020.28
TGT	2,304.64

But guess what? None of the above matters because it is time to add a new position to the Portfolio for the Ages!

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Dividend Stock of the Week [VZ]Read More »

As discussed in my post on 2024-05-30, Telephone and Data Systems, Inc. (TDS) announced that its board of directors unanimously approved the sale of UScellular’s [USM] wireless operations and approximately 30% of its spectrum assets to T-Mobile [TMUS] for $4.4 billion. TDS will be a much smaller company when the sale is finalized and in anticipation of that day, TDS also announced a massive cut to their dividend.

The dividend reduction marked the end of its short reign as a Dividend King, and it is disqualified from inclusion in the Royal Dividends Empire. Had I not had three covered calls on TDS, I would have exited the position shortly after that announcement.

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Closing a Position [TDS]Read More »

This week, five of the portfolio holdings ranked in the Top 10: FMCB, MDT, PPG, SJW, and TGT.

Ticker	Account Value
FMCB	2,880.75
MDT	1,968.96
PPG	2,265.56
SJW	1,962.48
TGT	1,897.00

The lowest amount belongs to TGT which last traded at $135.50. Therefore, in order to invest a minimum of $250 in TGT, I need to purchase 2 shares on Monday.  See the post on 2024-06-24 for a closer look at TGT’s historical performance. Below, is the purchase history and average cost calculation.

TDS announced earnings on 2024-08-02 and while they beat pessimistic estimates slightly, the needle really didn’t move. This was really the last chance for a large upward move prior to the August 16th expiry date of the 3 covered call contracts on it. Apparently, in response to this rather lackluster earnings report or perhaps a less than stellar unemployment report here in the states, markets all over the world tanked. The carnage continues today, and I have taken the opportunity to roll down the outstanding calls.

In the same, two-legged, GTC option order:

Buy to Close: (3) August 16, 2024 $25.00 Call Options [Symbol: TDS240816C25]

Sell to Open: (3) August 16, 2024 $20.00 Call Options [Symbol: TDS240816C20]

Limit Order Price:  Credit of $0.42 per share

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Rolling a Covered Call [TDS][5]Read More »

This week, five of the portfolio holdings ranked in the Top 10: FMCB, MDT, PPG, SJW, and TGT.

Ticker	Account Value
FMCB	2,802.06
MDT	1,956.24
PPG	2,345.74
SJW	2,095.08
TGT	1,670.04

The lowest amount belongs to TGT which last traded at $139.17. Therefore, in order to invest a minimum of $250 in TGT, I need to purchase 2 shares on Monday.  See the post on 2024-06-24 for a closer look at TGT’s historical performance. Below, is the purchase history and average cost calculation.

This week, five of the portfolio holdings ranked in the Top 10: FMCB, MDT, PPG, SJW, and TGT.

Ticker	Account Value
FMCB	2,910.00
MDT	1,888.80
PPG	2,423.45
SJW	1,765.23
TGT	1,788.00

The lowest amount belongs to SJW which last traded at $60.87. Therefore, in order to invest a minimum of $250 in SJW, I need to purchase 5 shares on Monday.  Below, is the purchase history and average cost calculation.

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Dividend King of the Week [SJW][4]Read More »

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 EPD. Read on to find out which position would have been most worthy of new money.

This week, five of the portfolio holdings ranked in the Top Ten: FMCB, MDT, PPG, SJW, and TGT.

Ticker	Account Value
FMCB	2,910.45
MDT	1,907.52
PPG	2,432.76
SJW	1,711.58
TGT	1,796.76

The lowest amount belongs to SJW. There is nothing precluding further investment in that position, other than it being an ‘off’ week.