Continuation of Alibaba Group Holdings Ltd. Position

The Covered Calls Advisor Portfolio had one position with a February 26th, 2021 expiration date. One Alibaba Group Holdings Ltd. (ticker BABA) short Put option at the $250.00 strike price closed in-the-money today with the stock price at $237.76. So, the Put option was assigned and 100 shares of Alibaba stock was purchased at the $250.00 strike price. A decision will be made early next week to sell a BABA Call option at a yet to be determined expiration date and strike price. Potential financial results for this ongoing Alibaba position will be shown via a post on this blog site on the same day this Covered Call position is established.