Update for Three August 2015 Options Expiration Positions

The Covered Calls Advisor apologizes for the delay and inconvenience in posting results from the three positions (Exxon Mobil, International Paper, and iShares China Large-Cap ETF) held for the Aug2015 options expiration.  Two positions have been closed out and a Sep2015 covered calls position was established for the third holding (i.e International Paper).  The details of the transactions and the current status of these positions are as follows:

1. Exxon Mobil Corp (XOM) -- Closed
The transactions were as follows:
07/31/2015 Bought 200 XOM shares @ $78.96
07/31/2015 Sold 2 XOM Aug2015 $78.00 Call options @ $1.80
Note: the price of XOM was $78.96 today when these Call options were sold.
08/11/2015 Ex-dividend of $.73 per share
08/21/2015 2 Aug2015 Call options expired
08/28/2015 Sold 200 XOM shares @ $75.15

The overall performance result (including commissions) for this Exxon Mobil Corp. (XOM) covered calls position was as follows:
Stock Purchase Cost: $15,800.95
= ($78.96*200+$8.95 commission)

Net Profit:
(a) Options Income: +$349.55
= ($1.80*200 shares) - $10.45 commissions
(b) Dividend Income: +$146.00
= ($.73 dividend per share x 200 shares)

(c) Capital Appreciation: -$770.95
+($75.15-$78.96)*200 - $8.95 commissions

Total Net Profit: -$275.40

= (+$349.55 +$146.00 -$770.95); or

Absolute Return: -1.7%

= -$275.40/$15,800.95

Annualized Return: -22.7%

= (-$275.40/$15,800.95)*(365/28 days)


2. International Paper (IP) -- Covered Calls Continuation
The transactions were as follows:
08/03/2015 Bought 200 IP shares @ $47.30
08/03/2015 Sold 2 IP Aug2015 $46.00 Call options @ $1.59
08/12/2015 Upcoming ex-dividend of $.40 per share

08/21/2015 2 Aug2015 Call options expired
08/27/2015 Sold 2 IP Sep2015 $44.00 Call options @ $.92

A possible overall performance result (including commissions) for this International Paper (IP) covered calls position (if the shares are assigned at expiration) is:
Stock Purchase Cost: $9,468.95
= ($47.30*200+$8.95 commission)

Net Profit:
(a) Options Income: +$481.10
= ($1.59 + $.92) *200 shares - 2*$10.45 commissions
(b) Dividend Income: +$80.00
= ($.40 dividend per share x 200 shares)
(c) Capital Appreciation (If stock assigned at $44.00 at Sep2015 expiration): -$668.95

+($44.00-$47.30)*200 - $8.95 commissions

Total Net Profit (If stock assigned at $44.00 at Sep2015 expiration): -$107.85
= (+$481.10 +$80.00 -$668.95)

Absolute Return: -1.1%

= -$107.85/$9,468.95

Annualized Return (If option exercised early): -9.0%

= (-$107.85/$9,468.95)*(365/46 days)


3. iShares China Large-Cap ETF (FXI) -- Closed
The transactions were as follows:
08/03/2015 Sold 7 iShares China Large-Cap ETF Aug2015 $39.00 Puts @ $.70
Note: The price of FXI was $39.90 when this transaction was executed.

08/21/2015 7 Aug2015 Put options expired
08/28/2015 Sold 700 FXI shares @ $36.30
Note: The Covered Calls Advisor does not use margin, so the detailed information on this position and the results shown below reflect the fact that this position was established using 100% cash securitization for the seven Put options sold.

The overall performance result (including commissions) for these transactions was as follows:
100% Cash-Secured Cost Basis: $27,300.00
= $39.00*700
Note:  the price of FXI was $39.90 when the Put options were sold.

Net Profit:
(a) Options Income: +$475.80
= ($.70*700 shares) - $14.20 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: -$1,890.00
= ($36.30-$39.00)*700 shares

Total Net Profit: -$1,414.20
= (+$475.80 +$0.00 -$1,890.00)

Absolute Return: -5.2%
= -$1,414.20/$27,300.00
Annualized Return: -75.6%
= (-$1,414.20/$27,300.00)*(365/25 days)