March 20th, 2026 Options Expiration Results

The Covered Calls Advisor Portfolio had four Covered Calls positions with March 20th, 2026 options expiration dates.  Two positions (Expand Energy Corporation and NVIDIA Corporation) closed in-the-money. so their Calls expired and the shares were called away (i.e. sold) at their respective strike prices.  Two positions in Gilead Sciences Inc. and Global Payments Inc. closed out-of-the-money so their Call options expired and the shares remain in the Covered Calls Advisor Portfolio.  A summary of results for each of these positions (in alphabetical order) is as follows:

1. Expand Energy Corporation (EXE) -- +1.9% absolute return (equivalent to +28.3% annualized return-on-investment) for the 24 days of this investment.  This Covered Calls position was assigned at the $95.00 strike price since the stock closed in-the-money at $107.32 per share.  The original blog post detailing this Covered Calls position is here. 

2. Global Payments Inc. (GPN) -- This Covered Calls position closed yesterday at $68.50 which was well below its $75.00 strike price, so the four Call options expired and 400 Global Payments 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 four Call options against the 400 Global Payments Inc. shares currently held or close out the position by selling these shares.

3. Gilead Sciences Inc. (GILD) -- This Covered Call position closed yesterday at $137.21 which was below its $140.00 strike price, so the one Call option expired and 100 Gilead 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 Gilead shares currently held or close out the position by selling these shares. 

4. NVIDIA Corporation (NVDA) -- +1.9% absolute return (equivalent to +64.5% annualized return-on-investment) for the 11 days of this investment.  This Covered Call position was assigned at the $170.00 strike price since the stock closed in-the-money at $172.70 per share.  The original blog post detailing this Covered Call position is here.    

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