The Covered Calls Advisor Portfolio had a weekly Covered Calls position with a July 29th, 2022 options expiration date. Originally, the Covered Calls position purchased 300 shares in Delta Air Lines Inc. (ticker DAL) on July 13th, 2022 at $28.67 per share and simultaneously sold 3 July 29th, 2022 $27.00 Call options @ $2.43 per share. The Calls expired in-the-money (with stock price closing today at $31.80), so the 300 Delta shares were assigned (i.e. sold) today at their $27.00 strike price.
The return-on-investment (ROI) result was +2.9% absolute return (equivalent to +61.6% annualized return-on-investment for the 17 days holding period).
As always, I encourage any email questions you might have related to the Covered Calls investing strategy.
Best Wishes and Godspeed,
Jeff Partlow--The Covered Calls Advisor
partlow@cox.net
