1. DraftKings Inc. (DKNG) -- +5.4% absolute return (equivalent to +103.3% annualized return-on-investment) for the 19 days of this investment. The original post for this position is here. The eight hundred shares
were in-the-money since the closing price yesterday of $15.23 was above the
$13.00 strike price--so the options expired and the 800 shares were sold at the $13.00 strike price.
2. Lowe's Companies Inc. (LOW) -- +1.6% absolute return (equivalent to +36.4% annualized return-on-investment) for the 16 days of this investment. The original post for this position is here. The two hundred shares were in-the-money at yesterday's market close since the closing price of $198.69 was greater than the $180.00 strike price.
The cash now available from the assignment (i.e. closing) of these two positions will be retained until new Covered Calls positions are established. Given the Covered Calls Advisor's currently Bearish Overall Market outlook, new positions will be hedged by establishing Covered Calls at in-the-money strike prices with good downside protection.
Jeff Partlow
Covered Calls Advisor
partlow@cox.net
