Continuation of Alibaba Group Holdings Ltd. Covered Calls

Today, two Alibaba Group Holdings Ltd. (BABA) March 19th, 2021 $240.00 Call options were sold at $4.25 to continue Covered Calls for the 200 shares of Alibaba stock owned in the Covered Calls Advisor Portfolio. The price of Alibaba stock was approximately $237.10 this morning when these two Calls were sold. One of the long 100 shares positions was originally from a position at the $250 strike price that expired out-of-the-money and the other 100 shares was from another BABA Covered Call position at the $235 strike price that expired last Friday. The return-on-investment results will be detailed on this blog on March 19th, 2021 when these two options expire.