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Saturday, September 27, 2025

September 26th, 2025 Options Expiration Results

The Covered Calls Advisor Portfolio had three Covered Calls positions with September 26th, 2025 options expiration dates.  One position in NVIDIA Corporation closed in-the-money so its Call options expired and the shares were called away (i.e. sold) at its $170.00 strike price.  Two positions in Amazon.com Inc. and iShares Bitcoin ETF were out-of-the-money, so with less than 30 minutes remaining in yesterday's trading day I decided to unwind (i.e close out) both positions by buying-to-close the Calls for both positions and selling-to-close both stocks.
    
A summary of the results for each of these three positions are as follows:

1. Amazon.com Inc. (AMZN) -- +0.13% absolute return (equivalent to +3.4% annualized return-on-investment) for the 14 days of this investment.  The original post detailing this position is here.  This position demonstrates a benefit of selling conservative moderately in-the-money Covered Calls.  Despite Amazon.com stock declining by 3.6% during the 14 days of this position, a small profit was still achieved. 

2. iShares Bitcoin ETF (IBIT) --  -0.01% absolute return (equivalent to -0.4% annualized return-on-investment) for the 10 days of this investment.  The original post detailing this position is here.  This position also demonstrates a benefit of selling conservative moderately in-the-money Covered Calls.  Despite iShares Bitcoin ETF declining by 5.4% during the 10 days of this position, only a very small $1.34 loss resulted.

3. Nvidia Corporation (NVDA) -- +1.2% absolute return (equivalent to +44.2% annualized return-on-investment) for the 10 days of this investment.  This Covered Calls position closed in-the-money yesterday at $178.19 per share which was above its $170.00 strike price, so the maximum potential annualized profit was achieved for this position.  The original post detailing this position is here

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.

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net