Continuation of Two Alibaba Covered Calls Positions

Yesterday, both Covered Calls positions in Alibaba Group Holding Ltd. (ticker BABA) were continued by selling November 16th, 2018 $155.00 Call options against the current Alibaba shares owned.  The Covered Calls Advisor considers Alibaba as a core hold and is continuing the pattern of prior months by establishing monthly Covered Calls positions in Alibaba. 

The two Alibaba holdings are now as follows:

• Position #1 -- Long 200 shares BABA stock and short 2 Nov 16, 2018 $155.00 Call options
• Position #2 -- Long 200 shares BABA stock and short 2 Nov 16, 2018 $155.00 Call options

These two positions differ in their original cost basis as well as the options income that has been received to-date.  Alibaba shares in the first position were purchased at $160.00 and at $140.375 in the second position.  The return-on-investment results for each position will be calculated and posted on this blog when the positions are closed out.