There were nine July 21, 2017 options expiration positions in the Covered Calls Advisor Portfolio. As detailed here (link), seven of the nine positions closed on or before expiration with substantial profits. The remaining two positions (Devon Energy Co. and Foot Locker Inc.) closed at expiration with their stock price below the strike price. Today, the Foot Locker position was closed out at a net loss by selling the 500 long shares that remained after last Friday's expiration. The detailed results from this position are provided below.
Foot Locker Inc. (FL) -- Position Closed
07/07/2017 Bought 500 FL shares @ $49.72
07/07/2017 Sold 5 FL July 21,2017 $48.00 Call options @ $2.12
Note: a simultaneous buy/write transaction was executed.
07/12/2017 Ex-dividend of $.31 per share
07/21/2017 5 FL Call options expired with stock price of $47.21 below the $48.00 strike price
07/25/2017 Sold 500 shares of Foot Locker at $45.74
The overall performance result (including commissions) for this Foot Locker position was as follows:
Stock Purchase Cost: $24,864.95
= ($49.72*500+$4.95 commission)
(a) Options Income: +$1,051.80
= ($2.12*500 shares) - $8.20 commissions
(b) Dividend Income: +$155.00
= ($.31 dividend per share x 500 shares)
Total Net Loss: -$788.15