There was one Covered Calls position in the Covered Calls Advisor Portfolio with a November 25th, 2022 weekly options expiration date. This position in Exxon Mobil Corporation (ticker XOM) was closed out yesterday since its stock price of $113.21 at the market close yesterday was in-the-money, so the 200 shares owned were assigned (i.e. sold) at their $108.00 strike price.
As detailed below, the return-on-investment (ROI) result was a +1.9% absolute return-on-investment (equivalent to +32.0% annualized return-on-investment) for the 22 days holding period). This position was established using my Dividend Capture Strategy, so the return-on-investment result achieved includes receiving Exxon's $.91 per share quarterly dividend since the ex-dividend date occurred on November 14th which was during the 22 day period between November 4th when this Covered Calls position was established and the November 25th options expiration date.
Exxon Mobil Corporation (XOM) -- Covered Calls Position Assigned on the November 25th Options Expiration Date
The original simultaneous buy/write transactions was as follows:
11/4/2022 Bought 200 Exxon Mobil shares @ $112.53
11/4/2022 Sold 2 Exxon Mobil November 25th, 2022 $108.00 Call options @ $5.69 per share
11/14/2022 Quarterly ex-dividend at $.91 per share
11/25/2022 Two XOM $108.00 Calls expired in-the-money (Exxon Mobil stock was
$113.21 at the market close yesterday (11/25/2022) and the 200 stock shares
were sold at the $108.00 strike price to close out this Covered Calls position.
The overall performance result (including commissions) was as follows:
Covered Calls Net Investment: $21,369.34
= ($112.53 - $5.69) * 200 shares + $1.34 commission
Net Profit:
(a) Options Income: +$1,136.66
= ($5.69 * 200 shares) - $1.34 commission
(b) Dividend Income (XOM shares assigned at the Nov. 25th, 2022 expiration): +$182.00
= ($.91 dividend per share x 200 shares)
(c) Capital Appreciation (Exxon Mobil shares assigned at $108.00 strike price at options expiration): -$906.00
+($108.00 -$112.53) * 200 shares
