November 16th, 2018 Options Expiration Results

The Covered Calls Advisor Portfolio had four positions [Alibaba Group Holding Ltd.(2 positions), Alphabet Inc., and Citigroup Inc.] with November 16th, 2018 options expirations.  Each of these Covered Calls positions closed with their stock prices below the strike prices, so their respective Call options expired and their underlying shares remain in the Covered Calls Advisor Portfolio.  Decisions will be made for each position to either: (1) Sell Call options against the long stock position to re-establish another Covered Calls position at the December 21, 2018 options expiration date; or (2) Sell the stock to close out the position.  As always, all transactions will be posted on this blog on the same day they occur. 

So far in 2018, thirty-eight of forty-four (86.4%) positions have been closed at a profit.  This far exceeds the Covered Calls Advisor's overall long-term goal of having at least two-thirds (67%) of positions closed out at a profit.  None of the remaining six positions [Alibaba Group Holding Ltd. (two positions), Alphabet Inc., Citigroup Inc., Lam Research Inc., and U.S. Steel Corp.] have yet to be closed out, but instead are currently held as open long stock positions in the Covered Calls Advisor Portfolio.   

For the thirty-eight positions closed out so far in 2018, the average annualized return-on-investment is +28.8%.  In comparison, the annualized return-on-investment so far in 2018 for the S&P 500 benchmark is +4.5%.