March 3rd, 2023 Options Expiration Results

The Covered Calls Advisor Portfolio had four Covered Calls positions with March 3rd, 2023 weekly options expirations.  Two positions (Applied Materials and Discover Financial Services) used my Dividend Capture Strategy (explained in detail here) and the other two positions (Uber Technologies Inc. and United Airlines Holdings Inc.) were basic in-the-money Covered Calls positions.  All four positions closed at options expiration with the equity prices in-the-money, so the Calls expired and the Covered Calls were closed out as the stocks were sold at their respective strike prices.  The cash obtained from closing these positions will be used to establish new positions in the next few trading days.  The return-on-investment results for each of these four positions were as follows:

1. Applied Materials Inc. (AMAT) -- +1.4% absolute return (equivalent to +34.7% annualized return-on-investment) for the 15 days of this investment.  The original blog post when this position was established is here. 

2. Discover Financial Services (DFS) -- +1.5% absolute return (equivalent to +33.3% annualized return-on-investment) for the 16 days of this investment.  The original blog post when this position was established is here.

3. Uber Technologies Inc. (UBER) -- +1.4% absolute return (equivalent to +46.6% annualized return-on-investment) for the 11 days of this investment.  The original blog post when this position was established is here. 

4. United Airlines Holdings Inc. (UAL) -- +1.6% absolute return (equivalent to +58.7% annualized return-on-investment) for the 10 days of this investment.  The original blog post when this position was established is here.

I welcome your questions on anything related to the Covered Calls investing strategy.  I will reply to your emails addressed to me at partlow@cox.net.

Best Wishes and Godspeed,

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net