Bought 1 DIS share at $82.68

| Investments | 3 seen

On August 24, 2023, I bought an additional 1 share of Walt Disney Co (NYSE: DIS) stock, paying $82.68 per share for our long-term stock portfolio

The Walt Disney Company, commonly known as Disney, is an American multinational mass media and entertainment conglomerate that is headquartered at the Walt Disney Studios complex in Burbank, California.

We are now holding 2 shares of DIS in our stock portfolio. 

DIS stock price as of August 25, 2023

Unlike most of the other stocks from our portfolio, DIS is not a dividend payer, and with this buy, we won't boost our dividend portfolio.

Using dollar-cost averaging our average cost per DIS share is $89.42.

At the time of writing this article, DIS takes 2.45% of our stock portfolio.

To finance this purchase I was actually selling a put option, and bought this stock from the premium received. 

98 shares to go once we are able to start selling covered calls and generate extra income from DIS stock. I don't have a set time frame to get there, as I'm planning to buy these stocks from the put options premiums. It could take some 4-5 years once I get there, or much sooner if the stock will get assigned.

At the moment I'm holding the March 2024 expiry put option with a strike price of 85, unless assigned before the options expiry, I'm not planning to add more DIS stock to the portfolio.

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