Covered Calls Position Established in Uber Technologies Inc.

This afternoon my buy/write net debit limit order was transacted and 400 shares of Uber Technologies Inc. (ticker symbol UBER) stock were purchased at $71.23 and 4 September 25th, 2026 $69.00 Call options were sold at $3.45 per share -- a net debit of $67.78 per share.  So, the potential time value profit if the stock is in-the-money and therefore closed out by assignment on the options expiration date is $1.22 per share [$3.45 Call options premium - ($71.23 stock purchase price - $69.00 strike price)]. The probability that the stock will be in-the-money and therefore assigned on its options expiration date was 66.3% when this order was transacted. As preferred, the next quarterly earnings report on November 3rd, 2026 is after the September 25th options expiration date.  

As detailed below, a potential outcome for this Uber Technologies investment is +1.8% absolute return-on-investment for the next 16 days (equivalent to +40.8% annualized-return-on-investment) if the stock closes above the $69.00 strike price on the September 25th, 2026 options expiration date.

Uber Technologies Inc. (UBER) -- New Covered Calls Position

The net debit buy/write limit order was executed as follows:
9/9/2026 Bought 400 shares of Uber Technologies Inc. stock @ $71.23 per share.  
9/9/2026 Sold 4 Uber Sept 25th, 2026 $69.00 Call options @ $3.45 per share.
Note: this was a simultaneous Buy/Write transaction and the Implied Volatility of the Calls was 35.4 when this position was established which, as preferred, is well above the current VIX of 16.3.  

A possible overall performance result (including commissions) if this position is assigned on its 9/25/2026 options expiration date is as follows:
Covered Calls Net Investment: $27,114.68
= ($71.23 - $3.45) * 400 shares + $2.68 commission

Net Profit Components:
(a) Options Income: +$1,377.32
= ($3.45 * 400 shares) - $2.68 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Uber stock is above the $69.00 strike price at the 9/25/2026 options expiration date): -$892.00
= ($69.00 - $71.23) * 300 shares

Potential Total Net Profit (If assigned at expiration): +$485.32
= (+$1,377.32 options income + $0.00 dividend income - $892.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.8%
= +$485.32/$27,114.68
Potential Equivalent Annualized-Return-on-Investment: +40.8%
= (+$485.32/$27,114.68) * (365/16 days)

Covered Call Position Established in Alphabet Inc.

A new short-term Covered Call net debit buy/write limit order was transacted shortly after market open today in Alphabet Inc. (ticker GOOGL) for the September 18th, 2026 expiration and at the $320.00 strike price.  The order was placed at a $316.68 limit price, so the extrinsic value (which represents the maximum profit potential for this position) was $3.32 per share [$12.79 Call option premium - ($329.47 stock purchase price - $320.00 strike price)].  The probability that this position will be in-the-money and therefore assigned on its options expiration date was 69.2% when this order was transacted.

As detailed below, the potential return-on-investment result is +1.0% absolute return-on-investment in 9 days (equivalent to a +42.4% annualized return-on-investment).  

Alphabet Inc. (GOOGL) -- New Covered Call Position

The simultaneous buy/write transaction was as follows:
9/9/2026 Bought 100 shares of Alphabet Inc. stock @ $329.47 per share.  
9/9/2026 Sold 1 Alphabet Inc. September 18th $320.00 Call option @ $12.79 per share.
Note: The Implied Volatility of the Call option was approximately 34.5 when this transaction was executed which, as I prefer, is well above the current 16.1 of the S&P 500 Volatility Index (i.e. VIX). 

A possible overall performance result (including commissions) would be as follows:
Covered Call Cost Basis: $31,668.67
= ($329.47 - $12.79) * 100 shares + $.67 commission

Net Profit Components:
(a) Option Income: +$1,278.33
= ($12.79 * 100 shares) - $.67
(b) Dividend Income: +$0.00 
(c) Capital Appreciation (If Alphabet stock is above $320.00 strike price at the 9/18/2026 options expiration date): -$947.00
= ($320.00 strike price - $329.47 stock purchase price) * 100 shares

Total Net Profit Potential: +$331.33
= (+$1,278.33 option income +$0.00 dividend income - $947.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.0%
= +$331.33/$31,668.67
Potential Equivalent Annualized Return-on-Investment: +42.4%
= (+$331.33/$31,668.67) * (365/9 days)

September 4th, 2026 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Call positions with September 4th, 2026 options expirations and both positions (NVIDIA Corporation and T-Mobile US, Inc.) were assigned yesterday so the Call options expired and both Covered Call positions were closed out by selling the stocks at their respective strike prices.  The return-on-investment summary for each position is as follows:

1. Nvidia Corporation (NVDA) -- +1.6% absolute return-on-investment (equivalent to +59.2% annualized return-on-investment) for the 10 days of this investment.  This NVIDIA Covered Call position had a $200.00 strike price and it closed in-the-money at $230.36 yesterday.  The original blog post showing the details of this position is here. 

2. T-Mobile US, Inc. (TMUS) -- +1.7% absolute return-on-investment (equivalent to +41.6% annualized return-on-investment) for the 15 days of this investment.  This T-Mobile Covered Call position had a $175.00 strike price and it closed in-the-money at $181.52 yesterday.  The original blog post showing the details of this position is here.

Send your questions/comments to the email address shown below on any topics related to the Covered Calls investing strategy.  As always, any new positions I establish will continue to be posted on this blog site when they occur.  

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net

August 28th, 2026 Options Expiration Results

The Covered Calls Advisor Portfolio had one Covered Calls position with an August 28th, 2026 options expiration date.  The position in SK hynix Inc. ADR closed in-the-money at $161.04 so the Call options expired and the 200 shares were called away (i.e. sold) at the $150.00 strike price.  A summary of results for this position is as follows:

SK hynix Inc. ADR (SHKY) -- +3.1% absolute return (equivalent to +125.2% annualized return-on-investment) for the 9 days of this investment.  This Covered Calls position was assigned at the $150.00 strike price since the stock closed in-the-money at $161.04 per share.  The original blog post detailing this Covered Calls position is here. 

Email me at the address shown below with any questions or comments on anything related to the Covered Calls investing strategy.

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net