Continuation -- United Continental Holdings Inc.

Of the eleven Covered Calls Advisor positions with Oct2015 expirations, the only one in which the stock price closed below the strike price was United Continental Holdings Inc. (ticker UAL). Today, an ongoing covered calls position was established by selling three Nov2015 Call options at the $57.50 strike price against the 300 long UAL shares. Details of the transactions and two possible return-on-investment results are as follows:  

1. United Continental Holdings Inc. (UAL) -- Continuation

The transactions are as follows:
09/22/2015 Sold 3 UAL Oct2015 $57.50 100% cash-secured Put options @ $1.30
Note: the price of UAL was $59.56 today when this transaction was executed.  The Covered Calls Advisor does not use margin, so the detailed information on this position and a potential result shown below reflect the fact that this position was established using 100% cash securitization for the three Put options sold.
10/16/2015 3 Put options expired with the stock price below the strike price, so 300 shares of UAL were purchased at the $57.50 strike price.
Note: the price of UAL was $55.97 upon options expiration
10/19 Sold-to-Open 3 UAL Nov2015 $57.50 Call options @ $2.20
Note: the price of UAL was $56.55 when these options were sold

Two possible overall performance results (including commissions) for this UAL position would be as follows:
100% Cash-Secured Cost Basis: $17,250.00
= $57.50*300

 Net Profit:
(a) Options Income: +$1,027.60 = ($1.30 + $2.20)*300 shares) - 2*$11.20 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If UAL is at current $56.55 price at Nov2015 expiration): -$285.00
= ($56.55-$57.50)*300 shares; or
(c) Capital Appreciation (If UAL is at or above $57.50 strike price at Nov2015 expiration): +$0.00
= ($57.50-$57.50)*300 shares

1. Total Net Profit (If UAL is at current $56.55 price at Nov2015 options expiration): +$742.60
= (+$1,027.60 options income +$0.00 dividend income -$285.00 capital appreciation); or

2. Total Net Profit (If UAL is above $57.50 strike price at Nov2015 options expiration): +$1,027.60
= (+$1,027.60 options income +$0.00 dividend income +$0.00 capital appreciation)

1. Absolute Return (If UAL is at current $56.55 price at Nov2015 options expiration): +4.3%
= +$742.60/$17,250.00
Annualized Return: +26.6%
= (+$742.60/$17,250.00)*(365/59 days); or
2. Absolute Return (If UAL is above $57.50 strike price at Nov2015 options expiration): +6.0%
= +$1,027.60/$17,250.00
Annualized Return: +36.9%
= (+$1,027.60/$17,250.00)*(365/59 days)