March 28th, 2025 Options Expiration Results

The Covered Calls Advisor Portfolio had four Covered Calls positions with March 28th, 2025 options expiration dates.  Three positions (Boeing Company, Robinhood Markets Inc., and Taiwan Semiconductor ADR) closed in-the-money so their Calls expired and the shares were called away (i.e. sold) at their respective strike prices.  One position in Alphabet Inc. closed slightly out-of-the-money so the Calls expired and the shares remain in the Covered Calls Advisor Portfolio.    

The results of these positions provides some examples of how it is possible to achieve profitable results even as stock prices are declining -- by establishing short-term (i.e. less than a month) in-the-money Covered Calls positions.  A summary of the results for each of these four positions are as follows:

1. Boeing Company (BA) -- +2.5% absolute return (equivalent to +51.3% annualized return-on-investment) for the 18 days of this investment.  This Covered Call position was assigned at the $140.00 strike price on its 3/28/2025 options expiration date since the stock closed in-the-money at $173.31 per share.  The original post detailing this Covered Calls position is here. 

2. Robinhood Markets Inc. (HOOD) -- +3.7% absolute return (equivalent to +89.3% annualized return-on-investment) for the 15 days of this investment.  This Covered Calls position was assigned at the $32.00 strike price on its March 28th options expiration date since it closed in-the-money yesterday at $41.92 per share.  The original post detailing this Covered Calls position is here. 

3. Taiwan Semiconductor ADR (TSM) -- +2.6% absolute return (equivalent to +56.0% annualized return-on-investment) for the 17 days of this investment.  This Covered Calls position was assigned at the $160.00 strike price on its March 28th options expiration date since it closed in-the-money yesterday at $165.25 per share.  The original post detailing this Covered Calls position is here. 

4. Alphabet Inc. (GOOGL) -- This Covered Calls position closed yesterday at $154.33 which was slightly below its $155.00 strike price, so the two 3/28/2025 GOOGL Call options expired and 200 shares now remain in the Covered Calls Advisor Portfolio.  The original post detailing this position is here.  Early in the upcoming week I will decide to either continue this Covered Calls position by selling 2 Call options against the 200 Alphabet Inc. shares currently held or close out the position by selling the 200 Alphabet shares.  

I welcome your feedback at my email address shown below with your questions on 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