September 13th, 2024 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Calls positions with September 13th, 2024 weekly options expiration dates.  The position in Nvidia Corporation (NVDA) closed in-the-money so their Calls expired and the shares were called away (i.e. sold) at the $105.00 strike price.  The position in Schlumberger closed out-of-the-money so the Calls expired and the shares remain in the Covered Calls Advisor Portfolio.  A summary of the results for each of these positions is as follows:

Nvidia Corporation (NVDA) -- +2.1% absolute return (equivalent to +84.5% annualized return-on-investment) for the 9 days of this investment.  This Covered Call position was assigned at the $105.00 strike price on its 9/13/2024 options expiration date since the stock closed in-the-money at $118.76 per share.  The most recent post detailing this Covered Calls position is here. 

Schlumberger Ltd. (SLB) -- This Covered Calls position closed yesterday at $40.32 which was below its $43.00 strike price, so the eight 9/13/2024 SLB Call options expired and 800 shares now remain in the Covered Calls Advisor Portfolio.  The most recent post detailing this position is here.  Early this week I will decide to either continue this Covered Calls position by selling 8 Call options against the 800 SLB shares currently held or close out the position by selling the 800 SLB shares.  

I welcome your feedback at my email address shown below with your questions or topics related to this blog post specifically or anything related to the Covered Calls investing strategy.

Best Wishes,

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net