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No Purchase This Week [45]

This is the third of nine scheduled ‘off’ weeks—an intentional pause to restore our $250+ weekly pace after using significant outside capital to triple our LEG position.

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP3,468.17
BDX2,935.69
HTO4,083.42
PEP3,611.23
PPG3,406.92
QCOM3,170.00
SCL3,397.96

The lowest amount belongs to BDX. There is neither a position nor sector imbalance and nothing would have precluded investment in BDX save that it is an ‘off’ week.

No Purchase This Week [44]

This is the second of nine scheduled ‘off’ weeks—an intentional pause to restore our $250+ weekly pace after using significant outside capital to triple our LEG position.

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP3,421.25
BDX2,935.69
HTO3,999.93
PEP3,519.92
PPG3,426.06
QCOM3,177.75
SCL3,365.32

The lowest amount belongs to BDX. There is neither a position nor sector imbalance and nothing would have precluded investment in BDX save that it is an ‘off’ week.

Selling a Covered Call [CMCSA][2]

Our existing call, CMCSA260320C35, has expired worthless and Royal Dividends is $34.59 richer for it. It is time to rinse and repeat. Again, CMCSA has a $0.33 quarterly dividend which yields 4.65% on our average purchase price and we want to double it.

Sell to Open (GTC): One June 18, 2026 $34.00 Call Option [Symbol: CMCSA260618C34]

Limit Order Price: Credit of $0.35 per share

Make sure to avoid the calls for the same expiry but that are linked to the spinoff of VSNT.

Trading just above $29.00, the $34.00 strike gives us 17% upside, an 87% chance of expiring worthless in 89 days, and the premium pays us slightly more than the dividend we will collect on 2026-04-22.

No Purchase This Week [43]

Three options positions expired Friday:

  1. Sold (1) CMCSA260320C35: Expired worthless.
  2. Sold (6) LEG260320P12.5: Assigned and 600 shares of LEG were purchased for $7,500.
  3. Sold (1) VZ260320C43: Assigned and 100 shares of VZ were sold for $4,300.

The $7,500 obligation from (2) was only partially offset by the $4,300 from (3). The $564.33 of unused cash in the account meant the remaining $3,200 obligation could be met with the infusion of $2,636.25 in new money. And this in turn means we need to take nine weeks off to restore the $250+ per week pace of investment.

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP3,547.73
BDX2,928.47
HTO3,884.70
PEP3,450.92
PPG3,208.26
QCOM3,247.50
SCL3,049.12

The lowest amount belongs to BDX. There is neither a position nor sector imbalance and nothing would have precluded investment in BDX save that it is an ‘off’ week.

Reducing a Position [VZ]

Before market open on 2026-01-30, VZ reported their quarterly earnings and though the EPS of $1.09 was lower than the previous seven quarters, the market finally decided it has been a bit rough on VZ. The stock jumped from $39.81 to $44.52, a whopping 11.8%. And it continued from there, climbing all the way to $49.98, a total increase of 25.5%. As a result, our $43 covered call expiring on 2026‑03‑20 was assigned, and 100 shares were called away, with $4,300 deposited into the account.

The Portfolio for the Ages has no plans to sell the remaining 77 shares at this time.

Stay tuned for a summary of the performance for the covered portion of this position in VZ and how the proceeds from the option assignment will be used.

A Uniquely Bad Day

This marks the first time since inception that every position, and the portfolio has never had more positions, declined on the same day. This was a genuinely rare event for a 24-stock portfolio well-diversified across all 11 sectors. And while SPXEW’s 1.29% drop was hardly mild — that’s a legitimately rough day by any historical standard — it still wasn’t the kind of broad‑market capitulation one would normally associate with a complete sweep across every holding.

It’s infuriating, and in my view, unmistakably tied to the reckless geopolitical decisions made less than a month ago and still unfolding today.

Selling a Covered Call [LEG][4]

LEG has dropped significantly below our put strike price of $12.50 and as a result the Portfolio for the Ages has already been assigned three put contracts yesterday and the remaining three put contracts today. The three covered call contracts with a $12.50 strike price will undoubtedly expire worthless at market close on Friday.

Set up an order to submit for execution at market open on Monday the trade below.

Sell to Open: Nine September 18, 2026 $12.50 Call Options [Symbol: LEG260918C12.5]

Limit Order Price:  Credit of $0.45 per share

…

Selling a Covered Call [LEG][4]Read More »

Dividend King of the Week [ADP][6]

Along with the usual $250+ weekly contribution, we have $296.80 in uninvested cash available to deploy. 

This week, seven of the portfolio holdings ranked in the Top Ten.

TickerAccount Value
ADP2,919.28
BDX3,027.84
HTO4,066.17
PEP3,677.24
PPG3,362.37
QCOM3,245.50
SCL3,185.12

The lowest amount belongs to ADP. We will acquire 3 shares of ADP on Monday morning. See the post from 2026-02-08 for a more in-depth look at ADP. Below, is the purchase history and average cost calculation.

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