- Micron Technology Inc. (MU) -- +2.3% absolute return (equivalent to +55.5% annualized return-on-investment) for the 15 days of this investment. The post when this position was originally established is here.
- Pfizer Inc. (PFE) -- +2.3% absolute return (equivalent to +38.6% annualized roi) for the 22 days of this investment. The post when this position was originally established is here.
- Uber Technologies Inc. (UBER) -- +1.5% absolute return (equivalent to +66.9% annualized roi) for the 8 days of this investment. The post when this position was originally established is here.
The cash now available from the assignment (i.e. closing) of these three positions will be retained until new Covered Calls and/or 100% Cash-Secured Puts positions are established. Given the Covered Calls Advisor's currently cautious Overall Market outlook, new positions will be hedged by continuing to establish Covered Calls at moderately in-the-money strike prices with good downside protection.
The fourth position in Lennar Corporation closed at $90.30, well below the $103.00 strike price. The two Call options expired today and two hundred Lennar shares now remain in the Covered Calls Advisor Portfolio (as shown in the right sidebar of this blog). Decisions will be early next week to either sell these shares or to attempt to repair this losing position by continuing this Covered Calls position (by selling future Call options against the shares currently held).
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
