Closed Postion in Skyworks Solutions Inc.

Last Friday, the August 17th, 2018 Covered Calls position in Skyworks Solutions Inc. (ticker symbol SWKS) expired with the stock price at $91.85, below the $92.50 strike price -- so the Call options expired and the 200 shares were retained in the Covered Calls Advisor's Portfolio.  The stock moved higher today and the position was closed out by selling the 200 shares at $92.46.  The Covered Calls Advisor had already established a next-month (Sept 21st expiration date) Covered Calls position in another semiconductor industry company, Lam Research (whose stock this advisor is more bullish on for the next year), so this position in Skyworks was liquidated today at a nice profit.

As detailed below, this Skyworks Solutions position achieved a return-on-investment result of +2.0% absolute return in 29 days (equivalent to a +25.0% annualized return-on-investment).


Skyworks Solutions Inc. (SWKS) -- Covered Calls Position Closed

The transactions were:
07/23/2018 Bought 200 Skyworks Solutions shares @ $95.37
07/23/2018 Sold 2 SWKS 08/17/2018 $92.50 Call options @ $4.37
Note: a simultaneous buy/write transaction was executed.
08/06/2018 Quarterly ex-dividend date with a $.38 per share dividend forthcoming
08/17/2018 2 Call options expired and 200 shares of SWKS stock retained in Covered Calls Advisor Portfolio
08/21/2018 Sold 200 shares of SWKS at $92.46 per share

The overall performance result (including commissions) for this Skyworks Solutions position were as follows:
Covered Calls Cost Basis: $18,204.95
= ($95.37 - $4.37) *200 + $4.95 commission

Net Profit Components:
(a) Options Income: +$872.66
= ($4.37*200 shares) - $1.34 commissions
(b) Dividend Income: +$76.00 = $.38 per share x 200 shares

(c) Capital Appreciation (SWKS purchased at $95.37 and sold today at $92.46): -$578.95
+($92.46-$95.37)*200 shares - $4.95 commission

Total Net Profit: +$361.71

= (+$872.66 options income +$76.00 dividend income -$586.95 capital appreciation)

Absolute Return: +2.0%

= +$361.71/$18,204.95

Annualized Return: +25.0%

= (+$361.71/$18,204.95)*(365/29 days)