Closed Positions in CommScope Holdings and Marathon Petroleum Corp.

The two remaining positions (CommScope Holdings Co., Inc. and Marathon Petroleum Corp.) in the Covered Calls Advisor Portfolio were closed out by selling the stocks.  The detailed history of each of these positions is shown below.  It is likely that a stock sell-off will occur in early January, so all positions have been liquidated for at least the next couple of weeks.  A post of calendar year 2019 results will be posted on this blog site within the first two or three days after the December 31st end of this calendar year that will summarize this year's performance of the Covered Calls Advisor's Portfolio (which has been very rewarding).
 
1.  CommScope Holdings Co. Inc. (COMM) -- Position Closed
The transactions were as follows:
07/10/2019  Sold 5 COMM August 16th, 2019 $15.00 100% Cash-Secured Put options @ $.80
Note: the price of CommScope stock was $15.56 when this transaction was executed.
08/16/2019 Stock was below strike price at expiration, so 5 Put options expired and 500 shares of CommScope were purchased at $15.00 per share.
09/11/2019 Sold 5 COMM Sept 20, 2019 $13.00 Call options at $.40 per share
Note: the price of COMM stock was $13.01 when these Calls were sold
9/20/2019 5 COMM Call options expired
11/7/2019 Sold 5 Dec. 20, 2019 $15.00 Call options at $.70 per share to continue existing Covered Calls position.
12/20/2019 5 Dec 20th, 2019 Call options expired with stock below $15.00 strike price.
12/26/2019 Sold 500 CommScope shares at $14.08

The overall performance result (including commissions) for this CommScope Holdings Covered Calls position was as follows:
Covered Calls Cost Basis: $7,508.30
= $15.00 *500 shares + $8.30 commission

Net Profit Components:
(a) Options Income: +$946.65
= ($.80 +$.40 +$.70) * 500 shares - $3.35 commission
(b) Dividend Income: +$0.00

(c) Capital Appreciation: -$460.00
=($14.08-$15.00)* 500 shares

Total Net Profit: +$486.65

= (+$946.65 options income +$0.00 dividend income -$460.00 capital appreciation)

Absolute Return: +6.5%

= +$486.65/$7,508.30

Annualized Return: +14.0%

= (+$486.65/$7,508.30)*(365/169 days)

2.  Marathon Petroleum Corp. (MPC) -- Closed Position

The transactions were:
11/14/2019 Bought 200 Marathon Petroleum shares @ $64.65
11/14/2019 Sold 2 MPC 12/20/2019 $62.50 Call options @ $3.40
Note: a simultaneous buy/write transaction was executed and the implied volatility in the option was 31.3.  
11/19/2019 Upcoming quarterly ex-dividend of $.53 per share
12/20/2019 2 Dec 20th, 2019 Call options expired with stock below $62.50 strike price.
12/26/2019 Sold 200 Marathon Petroleum Corp. shares at $61.1432

The overall performance result (including commissions) for this Marathon Petroleum Covered Calls position was as follows:
Covered Calls Cost Basis: $12,250.00
= ($64.65 - $3.40) *200 shares

Net Profit Components:
(a) Options Income: +$678.66
= ($3.40 *200 shares) - $1.34 commissions
(b) Dividend Income: +$106.00
= ($.53 dividend per share x 200 shares)

(c) Capital Appreciation: -$701.36
+($61.1432 -$64.65)*200 shares

Total Net Profit: +$83.30

= (+$678.66 options income +$106.00 dividend income -$701.36 capital appreciation)

Absolute Return: +0.7%

= +$83.30/$12,250.00

Annualized Return: +5.9%

= (+$83.30/$12,250.00)*(365/42 days)