Today, Call options were sold against long shares in each of the seven long equity positions (Alibaba Group Holdings Ltd., General Motors Company, iShares China Large-Cap ETF, iShares MSCI South Korea ETF, JPMorgan Chase & Co., MetLife Inc., and Nationstar Mortgage Holdings Inc.) in the Covered Calls Advisor Portfolio. These positions are all continuations of positions from Feb2016 options expirations last Friday where the equities closed below their respective strike prices. These seven covered calls were all established with Mar2016 expirations. The trade history for each position is described below. The return-on-investment results for each position will be posted on this Covered Calls Advisor site upon their Mar2016 expiration (or on whatever date each position is closed out).
1. Alibaba Group Holdings Ltd. (BABA) -- Continuation
The transactions to-date are as follows:
12/24/2015 Sold 2 BABA 100% cash-secured $80.00 Put options with Jan2016 expirations @ $1.08
Note: the price of Alibaba was $83.92 today when this transaction was executed.
01/15/2016 2 BABA Puts expired; so 200 shares purchased @ $80.00 each
Note: the price of BABA was $69.59 upon Jan2016 options expiration
01/29/2016 Sold 2 BABA Feb2016 $67.50 Call options @ $3.05
Note: the price of Alibaba was $83.15 today when these two Call options were sold.
02/19/2016 2 BABA Feb2016 $67.50 Call options expired
Note: the price of Alibaba was $67.28 upon Feb2016 options expiration
02/22/2016 Sold 2 BABA Mar2016 $70.00 Call options @ $2.10
2. General Motors Company (GM) -- Continuation
The transactions to-date are as follows:
12/28/2015 Bought 300 General Motors Co. shares @ $34.31
12/28/2015 Sold 3 GM Jan2016 $33.00 Call options @ $1.66
Note: the stock purchase and the sale of these call options was done as a simultaneous buy/write transaction.
01/15/2016 Jan2016 GM Call options expired
01/22/2016 Sold 3 GM Feb2016 $30.00 Call options @ $1.29
Note: the price of GM was $30.62 when these Call options were sold.
02/19/2016 3 GM Feb2016 $30.00 Call options expired
Note: the price of GM stock was $28.78 upon Feb2016 options expiration
02/22/2016 Sold 3 GM Mar2016 $30.00 Call options @ $.53
03/09/2016 Ex-dividend of $114.00 ($.38*300 shares)
2. iShares China Large-Cap ETF (FXI) -- Continuation
The transactions are as follows:
01/22/2016 Bought 300 iShares Large-Cap China ETF shares @ $30.57
01/22/2016 Sold 3 FXI Feb2016 $31.50 Call options @ $1.26
Note: a simultaneous buy/write transaction was executed.
02/19/2016 3 FXI Feb2016 $31.50 Call options expired
Note: the price of iShares China Large-Cap ETF was $30.46 upon Feb2016 options expiration
02/22/2016 Sold 3 FXI Mar2016 $31.00 Call options @ $1.08
3. iShares MSCI South Korea ETF (EWY) -- Continuation
The transactions are as follows:
01/19/2016 Bought 200 EWY shares @ $46.85
01/19/2016 Sold 2 EWY Feb2016 $48.00 Call options @ $.86
02/19/2016 2 EWY Feb2016 $48.00 Call options expired
Note: the price of iShares MSCI South Korea ETF shares was $46.32 upon Feb2016 options expiration
02/22/2016 Sold 2 EWY Mar2016 $48.00 Call options @ $.89
4. JPMorgan Chase & Co. (JPM) -- Continuation
The transactions to-date are as follows:
01/04//2016 Sold 3 JPM 100% cash-secured $62.50 Put options @ $1.05
Note: The price of JPM was $63.28 when this transaction was executed.
01/15/2016 3 JPM $62.50 Puts expired and 300 shares JPM stock purchased @ $62.50 strike price
01/19/2016 Sold 3 JPM Feb2016 $59.00 Call options @ $1.45
02/19/2016 3 JPM Feb2016 $59.00 Call options expired
Note: the price of JPM was $57.82 upon Feb2016 options expiration
02/22/2016 Sold 3 JPM Mar2016 $59.00 Call options @ $1.63
6. MetLife Inc. (MET) -- Continuation
The transactions are as follows:
01/19/2016 Bought 200 MetLife shares @ $43.42
01/19/2016 Sold 2 MET Feb2016 $42.50 Call options @ $2.05
Note: a simultaneous buy/write transaction was executed.
02/03/2016 Ex-distribution of $75.00 ($.375 per share x 200 shares)
02/19/2016 2 MET Feb2016 $42.50 Call options expired
Note: the price of MetLife stock was $39.11 upon Feb2016 options expiration
02/22/2016 Sold 2 MET Mar2016 $40.00 Call options @ $1.30
7. Nationstar Mortgage Holdings Inc. (NSM) -- Continuation
The transactions are as follows:
12/08/2015 Sold 3 NSM Jan2016 $12.00 100% cash-secured Put options @ $.95
Note: the price of NSM was $11.68 today when this transaction was executed.
01/15/2016 3 NSM Put options expired and 300 shares were purchased at the $12.00 strike price.
Note: the price of NSM was $11.17 upon options expiration
01/22/2016 Sold 3 NSM Feb2016 $11.00 Call options @ $.55
Note: the price of NSM was $10.75 when these Call options were sold.
02/19/2016 3 NSM Feb2016 $11.00 Call options expired
Note: the price of Nationstar Mortgage was $9.36 upon Feb2016 options expiration
02/22/2016 Sold 3 NSM Mar2016 $10.00 Call options @ $.55
