Overall good week for the Dividend Town portfolio, despite some mistakes along the way.
Bad news: I tried to get cute trying to time a dip with an SPY put, wiping out $1.1K in the process and most of the options gains since the start of the portfolio. Lesson learned.
Good news: Despite the misstep, the portfolio was up 3.14% week over week, compared to DJIA at 3.9% and NASDAQ at 3.6%. For a dividend growth based portfolio with a beta ~.85, I'll take it.
Dividend income this week was solid at $271, bringing the MTD total to $569. I expect $776 for the remainder of the month. Total portfolio yield on cost is back where it started at 2.98% in October, however there has been some trades to higher quality since then giving the overall portfolio a better forward opportunity for growth appreciation in stock price and future dividend growth.
|Current open contracts|
Trading activity was minimal this week. I sold the position in NEU for the WLK put. On the DT Screener, NewMarket receives a grade of 17 vs. Westlake of 21. I'll continue to shift the portfolio slowly to higher graded stocks based on the weekly iterations of the screener.