Hello fellow investors!
A quick update about my portfolio. I sold IAUI 0.00%↑ and SCHD 0.00%↑ for a few reasons. I bought those ETFs, before I researched GPIQ 0.00%↑ and the 25%/75% option overlay flexibility. This is the preferred method of covered call option overlay as it caps less of the upside of the Nasdaq.
I was able to sell SCHD 0.00%↑ and IAUI 0.00%↑ and buy over 250 shares of GPIQ 0.00%↑. With the rest of the capital, I bought a bunch of my existing holdings: CELH 0.00%↑, GOOG 0.00%↑, META 0.00%↑ and AMR 0.00%↑.
IBKR broke up and sold the SCHD 0.00%↑ in small chunks of shares, so instead of showing you pages and pages of transactions, I’ll just include the current portfolio.
You can see I evened out the portfolio nicely. For AMR 0.00%↑, I chose to buy a few more shares to get it to 200 shares total. If AMR 0.00%↑ goes on another run in the near future, I should be able to write 2 covered calls instead of 1.
For HCC 0.00%↑, I didn’t do anything as I just plan on holding these shares for several years as they keep building their free cash flow and balance sheet.
I bought another 132 shares of CELH 0.00%↑ to bring my CELH 0.00%↑ to over 1000 shares. I believe that CELH 0.00%↑ has plenty of upside in the next few years, so adding on weakness or below my average cost is a smart idea for me.
I added to META 0.00%↑ and GOOG 0.00%↑. My goal is at least 100 shares of GOOG 0.00%↑ and 100 shares of META 0.00%↑. This may take some time as I add using paycheck contributions and dividend reinvestment.
Finally, I will continue to add to GPIQ 0.00%↑ and the tech stocks in the short to medium term to consolidate those positions further.
As always, my content is not financial advice and you should do your own due diligence before investing your money.