1. Citigroup Inc. (C) -- +1.8% absolute return (equivalent to +45.7% annualized return-on-investment) for the 14 days of this investment. This Covered Calls position was assigned at the $111.00 strike price since the stock closed in-the-money at $122.69 per share. The blog post detailing this Covered Calls position is here.
2. Dell Technologies Inc. (DELL) -- -2.5% absolute return (equivalent to -15.7% annualized return-on-investment) for the 57 days of this investment. This Covered Calls position was assigned at the $115.00 strike price since the stock closed in-the-money at $121.05 per share. The most recent blog post detailing this Covered Calls position is here.
3. NVIDIA Corporation (NVDA) -- +4.0% absolute return (equivalent to +86.4% annualized return-on-investment) for the 17 days of this investment. This Covered Call position was assigned at the $180.00 strike price since the stock closed in-the-money at $185.41 per share. The original blog post detailing this Covered Call position is here. NVIDIA's +7.9% stock price move yesterday (Friday) was fortuitous since it move the stock price from out-of-the-money to in-the-money -- so the maximum potential return-on-investment was achieved for this position.
4. Sea Limited ADR (SE) -- This Covered Calls position closed yesterday at $108.54 which was below its $127.00 strike price, so the two Call options expired and 200 SE shares now remain in the Covered Calls Advisor Portfolio. The most recent blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Calls position by selling two Call options against the 200 Sea Ltd. shares currently held or close out the position by selling the 200 shares.
The +1.9% move in the S&P 500 yesterday raised the index to only 1.0% below its all-time high price, and I'm happy to report that thanks primarily to Covered Calls, the total value of my Schwab investment accounts (brokerage account plus IRAs) is now at an all-time high. Remember, because of the tax-free nature of capital gains maintained in IRA accounts, Covered Calls can be an especially attractive investing strategy when done in IRAs (see #11 in my blog post article here).
I'm now 75 years old, and Covered Calls investing has been very good to me (and therefore also to my family) over the past several decades. So, I am investing more conservatively now (i.e. selecting in-the-money strike prices) than I did when I was younger and focused more on trying to maximize my return-on-investments via at-the-money and out-of-the-money strikes. That is primarily because I used to have a higher risk tolerance since I had so many more years to recover from bear market losses. Now I have fewer years remaining to recover large losses, thus my more conservative investing approach now.
I welcome your feedback at my email address shown below on any questions or topics related to the Covered Calls investing strategy.
Cheers!
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
