1. Energy Select Sector SPDR Fund ETF (XLE) Covered Calls -- Three hundred shares
were out-of-the-money since the closing price yesterday of $72.58 was below the
$75.00 strike price. So, the Call options expired and 300 XLE shares now remain
in the
Covered Calls Advisor
Portfolio. A decision will
be made early next week to either sell these shares or, more likely, to
continue this Covered Calls position by selling future XLE Call options
against
the shares currently held.
2. iShares Large-Cap China ETF (FXI) Covered Calls -- -0.9% absolute return (equivalent to -2.5% annualized return-on-investment) for the 134 days of this investment. The most recent post detailing all transactions for this position is here.
The cash now available from the assignment (i.e. closing) of this position will be retained until new Covered Calls and/or 100% Cash-Secured Puts positions are established. Given the Covered Calls Advisor's currently Bearish Overall Market outlook, new positions will be hedged by continuing to establish Covered Calls at in-the-money strike prices with good downside protection.
3. Warner Brothers Discovery Inc. (WBD) Cash-Secured Puts -- Five Cash-Secured Puts expired since the $14.25 closing price was above the $13.00 strike price. The results were: +3.7% absolute return (equivalent to +71.5% annualized return-on-investment) for the 19 days of this investment. The post detailing this position when it was originally established is here.
Please email me at the address shown below with questions you might have related to information on this blog or anything related to the Covered Calls investing strategy.
Best Wishes and Godspeed,
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
