- Four Covered Calls positions (Las Vegas Sands, NVIDIA Corporation, Insulet Corporation, and SAP SE ADR) closed in-the-money so their Calls expired and the shares were called away (i.e. sold) at their respective strike prices -- so these four positions achieved their maximum potential return-on-investment results.
- Two positions in IBM Corporation and Wells Fargo & Company closed out-of-the-money so their Call options expired and the shares remain in the Covered Calls Advisor Portfolio. Early next week I will decide to either sell these shares or continue these Covered Call positions by selling Calls against the shares now held or sell the shares to close out the positions. When these transactions occur, I will post the details of each position to-date on this blog.
1. IBM Corporation (IBM) -- This Covered Calls position closed yesterday at $219.30 which was below its $225.00 strike price, so the two Call options expired and 200 IBM 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 IBM shares currently held or close out the position by selling these shares.
2. Las Vegas Sands Corporation (LVS) -- +1.9% absolute return (equivalent to +39.2% annualized return-on-investment) for the 18 days of this investment. This Covered Calls position was assigned at the $51.00 strike price since the stock closed in-the-money at $51.16 per share. The original recent blog post detailing this Covered Calls position is here.
3. NVIDIA Corporation (NVDA) -- +1.2% absolute return (equivalent to +45.4% annualized return-on-investment) for the 10 days of this investment. This Covered Calls position was assigned at the $190.00 strike price since the stock closed in-the-money at $225.32 per share. The original blog post detailing this Covered Calls position is here.
4. Insulet Corporation (PODD) -- +1.6% absolute return (equivalent to +63.4% annualized return-on-investment) for the 9 days of this investment. This Covered Call position was assigned at the $145.00 strike price since the stock closed in-the-money at $147.46 per share. The original blog post detailing this Covered Call position is here.
5. SAP SE ADR (SAP) -- +2.7% absolute return (equivalent to +60.9% annualized return-on-investment) for the 16 days of this investment. This Covered Call position was assigned at the $162.50 strike price since the stock closed in-the-money at $169.48 per share. The original blog post detailing this Covered Call position is here.
6. Wells Fargo & Company (WFC) --This Covered Calls position closed yesterday at $73.42 which was below its $78.00 strike price, so the three Call options expired and 300 WFC 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 three Call options against the 300 Wells Fargo shares currently held or close out the position by selling these shares.
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
