During this past month, the Covered Calls Advisor Portfolio held a total of fifteen Covered Calls positions. All fifteen positions were closed out at a profit.
The specific results for each position are summarized as follows:
- Eight Covered Calls positions expired in-the-money (stock price above the strike price) at yesterday's (June 16th, 2023) monthly options expiration date with the following results:
- Global Payments Inc. (GPN) -- +1.9% absolute return in 15 days (equivalent to a +29.4% annualized return-on-investment).
- Halliburton Company (HAL) -- +2.3% absolute return in 22 days (equivalent to a +38.6% annualized return-on-investment).
- iShares China Large-Cap ETF (FXI) -- +5.4% absolute return in 134 days (equivalent to a +14.8% annualized return-on-investment).
- Match Group Inc. (MTCH) -- +2.4% absolute return in 18 days (equivalent to a +49.4% annualized return-on-investment).
- Terex Corporation (TEX) -- +1.6% absolute return in 18 days (equivalent to a +33.4% annualized return-on-investment).
- The Walt Disney Company (DIS) -- +1.6% absolute return in 23 days (equivalent to a +25.3% annualized return-on-investment).
- Truist Financial Corporation (TFC) -- +2.1% absolute return in 17 days (equivalent to a +44.1% annualized return-on-investment).
- Verizon Communications Inc. (VZ) -- +1.2% absolute return in 15 days (equivalent to a +29.4% annualized return-on-investment).
- Four Covered Calls positions expired in-the-money during the past month on their weekly options expiration dates and were therefore assigned at their strike prices with the following results:
- Bank of America Corporation (BAC) -- +1.9% absolute return in 17 days (equivalent to a +40.5% annualized return-on-investment).
- Conoco Phillips (COP) -- +1.6% absolute return in 17 days (equivalent to a +35.4% annualized return-on-investment).
- General Motors Company (GM) -- +1.5% absolute return in 17 days (equivalent to a +32.2% annualized return-on-investment).
- United Rentals Inc. (URI) -- +2.0% absolute return in 17 days (equivalent to a +42.6% annualized return-on-investment).
- Three Covered Calls positions were closed out by early assignment on the last business day prior to their ex-dividend dates with the following results:
- Discover Financial Services (DFS) -- +0.9% absolute return in 8 days (equivalent to a +40.1% annualized return-on-investment).
- Energy Select Sector SPDR Fund (XLE) -- +0.8% absolute return in 6 days (equivalent to a +50.6% annualized return-on-investment).
- Qualcomm Inc. (QCOM) -- +1.0% absolute return in 8 days (equivalent to a +46.2% annualized return-on-investment).
During the past year (last 12 months) 111 of 124 positions (89.5%) in the Covered Calls Advisor Portfolio (CCAP) were closed out at a profit. The Covered Calls Advisor Portfolio weighted average annualized-return-on-investment (aroi) was +19.7% during the past year and the average holding period for these 124 closed positions was 20.6 days. In comparison, the benchmark S&P 500 returned +17.2% during the same prior one-year period.
This Covered Calls Advisor blog is available to anyone interested in learning about implementing a successful Covered Calls investing strategy. As always, I also encourage you to email me at partlow@cox.net any time you would like my feedback on your comments or questions on anything related to the Covered Calls investing strategy. Since all fifteen positions were closed out this month, I will be looking to establish many new positions in the next several days. So, if you have any companies that you are especially bullish on right now and are also good candidates for establishing Covered Calls now, I would appreciate if you would email me with your ideas.
Best Wishes and Godspeed,
Jeff Partlow
Covered Calls Advisor
partlow@cox.net
