- Ten of the twelve Covered Calls positions closed with their stock prices below the strike prices, so their respective Call options expired and their underlying shares remain in the Covered Calls Advisor Portfolio. Decisions will be made for each position to either: (1) Sell Call options against the long stock position to re-establish another Covered Calls position at the January 18, 2019 options expiration date; or (2) Sell the stock to close out the position. As always, all transactions will be posted on this blog on the same day they occur.
- The remaining two December 21, 2018 positions were closed out early (prior to their Dec. 21st expiration date) and these results were detailed on this blog on the same day they were closed. In summary, their return-on-investment results were: (1) Citigroup Inc: +4.3% absolute return in 20 days (+78.2% annualized roi); and (2) Las Vegas Sands Corp: +3.0% absolute return in 31 days (+35.8% annualized roi)
None of the remaining twelve positions [Alibaba Group Holding Ltd. (two positions), Alphabet Inc., Anadarko Petroleum, Bank of America Corp, Blackstone Group, Fluor Corp, JPMorgan Chase & Co. (two positions), Lam Research Inc., Occidental Petroleum, and U.S. Steel Corp.] have yet to be closed out, but instead are currently held as open long stock positions in the Covered Calls Advisor Portfolio. As a result of the precipitous market decline during the past two months, each of these positions are now held at a net loss. The current market value of these 12 positions (as of December 31st, 2018) will be included along with the 40 other previously closed positions held in 2018 in the Covered Calls Advisor's end-of-year summary post which I intend will be posted on this blog during the first week of January, 2019).
