This week, our stock portfolio saw steady growth, reaching a total value of $7,382.57, reflecting a 0.89% increase compared to the previous week. As always, we're focusing on investments in companies we actively use and believe in, and this week's additions are no exception.
We added small fractional shares of several companies to our portfolio, including McDonald's (MCD), Starbucks (SBUX), Deutsche Bank (DB), Amazon (AMZN), and Pinduoduo (PDD). Each of these investments reflects our ongoing strategy of aligning our portfolio with products and services we use in our daily lives.
Starbucks (SBUX) made its way into the portfolio this week, influenced by our recent travels to Prague, where we spent considerable time enjoying Starbucks during the trip. This further solidifies our long-term commitment to building up a position in Starbucks stock, which we began with small fractional purchases.
Additionally, Pinduoduo (PDD) was added to the portfolio. As the parent company of Temu, a popular eCommerce platform gaining traction in Georgia, this investment aligns with our interest in companies influencing our local market.
In terms of options trading, we sold one credit spread on Amazon (AMZN) and used the premium from the trade to buy 0.1 shares of AMZN. This tactical move supports our long-term goal of accumulating enough Amazon shares for potential covered call writing.
We also sold a strangle on Medical Properties Trust (MPW), aiming to capitalize on its volatility while keeping our risk in check.
As we continue to balance growth and income strategies, we'll be closely monitoring the market to see how these new positions perform. Stay tuned for next week's update!
Options Income
Since September 17, 2024, the total income generated from my options trading has reached $321.68. This income stream continues to provide additional cash flow, which I plan to reinvest into the portfolio to accelerate growth.
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