Continuation of Devon Energy Corp, Goldman Sachs Inc., and Polaris Industries Inc. Covered Calls Positions

At the Dec2015 options expiration last Friday, the options in Devon Energy Corp, Goldman Sachs Inc., and Polaris Industries Inc. closed below their strike prices, so the options expired worthless in the Covered Calls Advisor Portfolio.  Today, ongoing covered calls were established for these three holdings as follows:

1. Devon Energy Corp. (DVN) -- Continuation of Covered Calls Position

11/19/2015 Bought 200 DVN shares @ $45.325
11/19/2015 Sold 2 DVN Dec2015 $42.50 Call options @ $4.05
12/11/2015 Ex-dividend of $.24 per share
12/18/2015 2 DVN Call options expired
12/23/2015 Sold 2 DVN Dec 31, 2015 Call options @ $1.14
Note: the price of DVN was $32.20 when these Calls were sold.

A possible overall performance result (including commissions) for this Devon covered calls position are as follows:
Stock Purchase Cost: $9,073.95
= ($45.325*200+$8.95 commission)

Net Profit:
(a) Options Income: +$1,017.10
= ($4.05 +$1.14)*200 shares - 2*$10.45 commissions

(b) Dividend Income: +$48.00
= ($.24 dividend per share x 200 shares)

(c) Capital Appreciation (If stock assigned at $32.00 at Dec 31, 2015 expiration): -$4,005.45
+($32.00-$45.325)*200 - $7.95 commissions

Total Net Profit (If stock assigned at $32.00 at Dec 31, 2015 expiration): -$2,940.35

= (+$1,017.10 +$48.00 -$4,005.45)

Absolute Return (If stock assigned at $32.00 at Dec 31, 2015 expiration): -32.4%

= -$2,940.35/$9,073.95

2. Goldman Sachs Group Inc. (GS) -- Continuation of Covered Call Position

11/24/2015 Bought 100 GS shares @ $187.06
11/24/2015 Sold 1 GS Dec2015 $180.00 Call option @ $8.75
Note: the price of GS was $187.21 when the option was sold
11/30/2015 Ex-dividend of $.65 per share
12/18/2015 1 Goldman Sachs Dec2015 $180.00 Call option expired
12/23/2015 Sold 1 GS Jan2016 Call option @ $4.95
Note: the price of GS was $181.25 when this Call option was sold.


A possible overall performance result (including commissions) for this Goldman Sachs covered call position is as follows:
Stock Purchase Cost: $18,713.95
= ($187.06*100+$7.95 commission)

Net Profit:
(a) Options Income: +$1,350.60
= ($8.75 +$4.95)*100 shares) - 2*$9.70 commissions

(b) Dividend Income: +$65.00
= ($.65 dividend per share x 100 shares)

(c) Capital Appreciation (If stock assigned at $180.00 at Jan2016 expiration): -$713.95
+($180.00-$187.06)*100 - $7.95 commissions

Total Net Profit (If stock assigned at $180.00 at Jan2016 expiration): +$701.65

= (+$1,350.60 +$65.00 -$713.95)

Absolute Return (If stock assigned at $180.00 at Jan2016 expiration): +3.7%

= +$701.65/$18,714.95

3. Polaris Industries Inc. (PII) -- Continuation of Covered Call Position

11/24/2015 Bought 100 PII shares @ $103.92
11/24/2015 Sold 1 PII Dec2015 $100.00 Call option @ $5.32
11/27/2015 Ex-dividend of $.53 per share
12/18/2015 1 Polaris Dec2015 $100.00 Call option expired
12/23/2015 Sold 1 PII Jan2016 Call option @ $1.50
Note: the price of PII was $86.20 when this Call option was sold.

A possible overall performance result (including commissions) for this Polaris covered call position is as follows:
Stock Purchase Cost: $10,400.95
= ($103.92*100+$8.95 commission)

Net Profit:
(a) Options Income: +$662.60
= ($5.32 +$1.50) *100 shares) - 2*$9.70 commissions
(b) Dividend Income: +$53.00
= ($.53 dividend per share x 100 shares)

(c) Capital Appreciation (If stock assigned at $90.00 strike price at Jan2016 expiration): -$1,399.95
+($90.00-$103.92)*100 - $8.95 commissions

Total Net Profit (If stock assigned at $90.00 at Jan2016 expiration): -$684.35

= (+$662.60 +$53.00 -$1,399.95)

Absolute Return (If stock assigned at $90.00 at Jan2016 expiration): -6.6%

= -$684.35/$10,400.95