The Covered Calls Advisor Portfolio had two Covered Calls with February 11th, 2022 options expirations with the following results:
1. iShares China Large-Cap ETF (FXI) -- +1.1% absolute return (equivalent to +24.8% annualized return-on-investment) for the 16 days of this investment. The post when this position was originally established is here.
The cash now available from the assignment (i.e. closing) of this position will be retained until new Covered Calls and/or 100% Cash-Secured Puts positions are established. Given the Covered Calls Advisor's currently cautious Overall Market outlook, new positions will be hedged by continuing to establish Covered Calls at in-the-money strike prices with good downside protection.
2. Lennar Corporation (LEN) -- Two hundred shares were out-of-the-money at $91.54 at market close yesterday since the strike price was $93.50. So, the two hundred Lennar shares now remain in the Covered Calls Advisor Portfolio (as shown in the right sidebar of this blog). A decision will be made early next week to either sell these shares or to attempt to repair this losing position by continuing this Covered Calls position (by selling future Call options against the shares currently held).
I encourage you to email me at the address shown below with any questions/etc. related to Covered Calls (or their equivalent Cash-Secured Puts).
Have a Great Weekend and Enjoy the Superbowl,
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
