1. Microsoft Corporation (MSFT) -- This Covered Call was in-the-money since the strike price was $505.00 and the stock was above $510 yesterday afternoon. I decided to continue this Covered Call position by rolling up-and-out (up to the $512.50 strike price and out one week to the November 21st options expiration date. So, I bought-to-close the $505.00 Call at $5.70 and sold-to-open the 11/21/2025 $512.50 Call option at $5.95 per share.
2. NVIDIA Corporation (NVDA) -- -0.4% absolute return (equivalent to -9.5% annualized return-on-investment) for the 15 days of this investment. This Covered Calls position was closed out yesterday at a net credit price of $190.22 ($190.23-$.01) per share since the stock price was well below the $195.00 strike price late yesterday afternoon. Since I prefer not to hold positions on the same day as a company's earnings report (which is next Wednesday for NVIDIA), I decided not to roll the position forward but instead to close out the position at a loss.
3. Wells Fargo & Company (WFC) -- +1.7% absolute return (equivalent to +39.1% annualized return-on-investment) for the 16 days of this investment. This Covered Calls position closed in-the-money yesterday at $85.05 per share which was above its $84.00 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 on any topics related to the Covered Calls investing strategy.
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
