1. Bank of America Corporation (BAC) -- This Covered Calls position closed yesterday at $46.72 which was below its $50.00 strike price, so the five Call options expired and 500 Bank of America shares now remain in the Covered Calls Advisor Portfolio. The original blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Calls position by selling five Call options against the 500 BofA shares currently held or close out the position by selling these shares.
2. NVIDIA Corporation (NVDA) -- This Covered Calls position closed yesterday at $180.25 which was below its $185.00 strike price, so the two Call options expired and 200 NVIDIA shares now remain in the Covered Calls Advisor Portfolio. The original 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 NVIDIA shares currently held or close out the position by selling these shares.
3. The Cigna Group (CI) -- This Covered Call position closed yesterday at $267.19 which was below its $275.00 strike price, so the one Call option expired and 100 Cigna shares now remain in the Covered Calls Advisor Portfolio. The original blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Call position by selling a Call option against the 100 Cigna shares currently held or close out the position by selling these shares.
During the past month, I have been reducing my long exposure in favor of a higher allocation to cash (i.e. money market fund). The S&P 500 performance year-to-date is -2.9% and my portfolio is +0.3%.
As always, I welcome your feedback or questions at my email address shown below on anything related to the Covered Calls investing strategy.
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
