- Four Covered Call positions expired in-the-money on the January 15th, 2021 monthly options expiration date and the stocks were assigned (i.e. sold) at their strike prices with the following results:
- Anthem Inc.: 100 ANTM shares assigned at the $290.00 strike price for a +2.3% absolute return in 26 days (equivalent to +32.3% annualized return-on-investment).
- Cisco Systems Inc.: 400 CSCO shares assigned at the $43.50 strike price for a +1.3% absolute return in 17 days (equivalent to +28.3% annualized return-on-investment).
- Energy Sector Select SPDR Fund ETF: 300 XLE shares assigned at the $38.00 strike price for a +3.2% absolute return in 30 days (equivalent to +38.4% annualized return-on-investment).
- FMC Corporation: 100 FMC share assigned at the $110.00 strike price for a +1.5% absolute return in 19 days (equivalent to +28.9% annualized return-on-investment).
- Four Covered Call positions expired in-the-money on their weekly options expiration dates -- after last month's December 18th expiration date but prior to this month's January 15th, 2021 monthly options expiration date. The stocks were assigned (i.e. sold) at their strike prices with the following results:
- Best Buy Inc.: 200 BBY shares assigned on their Dec. 24th, 2020 options expiration date at the $100.00 strike price for a +2.2% absolute return in 17 days (equivalent to +48.0% annualized return-on-investment).
- D.R. Horton Inc.: 200 DHI shares assigned on their Dec. 31st, 2020 options expiration date at the $67.50 strike price for a +1.4% absolute return in 16 days (equivalent to +32.2% annualized return-on-investment).
- Facebook Inc.: 100 FB shares assigned on their Dec. 31st, 2020 options expiration date at the $255.00 strike price for a +0.9% absolute return in 11 days (equivalent to +29.7% annualized return-on-investment).
- Lincoln National Corporation: 300 LNC shares assigned on their January 8th, 2021 options expiration date at the $45.00 strike price for a +2.8%
absolute return in 21 days (equivalent to +48.4% annualized
return-on-investment).
- Two Covered Call positions were closed by early assignment on December 31st, 2020 (the last trading day prior to their ex-dividend date) so the stocks were assigned (i.e. sold) at their strike prices with the following results:
- Bristol-Myers Squibb Co.: 300 BMY shares assigned early on Dec. 31st, 2020 at the $57.50 strike price for a +1.1% absolute return in 17 days (equivalent to +22.6% annualized return-on-investment).
- Cardinal Health Inc.: 200 CAH shares assigned early on Dec. 31st, 2020 at the $50.00 strike price for a +0.8% absolute return in 9 days (equivalent to +31.1% annualized return-on-investment).
- One Covered Call position in JPMorgan Chase & Co. was closed early by the Covered Calls Advisor on January 6th, 2021. 2 JPM 1/15/2021 $120.00 Calls were bought-to-close and 200 shares were simultaneously sold-to-close out the position to avoid the uncertainty of a subsequent quarterly earnings to be reported prior to the options expiration. A +0.9% absolute
return in 7 days (equivalent to +47.5% annualized return-on-investment) was achieved for this position.
In addition to these eleven Covered Calls positions closed out during this past options expiration month, three additional Covered Calls positions were maintained by rolling out to later options expiration dates. These positions were in GoHealth Inc., Draftkings Inc., and Alibaba Group Holdings Ltd. These transactions and potential results were detailed in a blog post yesterday when the transactions occurred -- the blog post is available here: link.
All current holdings in the Covered Calls Advisor Portfolio are shown in the right sidebar of this blog. As always, any future transactions and return-on-investment results will be posted on this blog site on the same day the transactions occur.
Best Wishes,
Jeff
