1. Bank of America Corporation (BAC) -- -5.4% absolute return (equivalent to -63.8% annualized return-on-investment) for the 31 days of this investment. The Covered Calls position was assigned at the $32.50 strike price on its 12/30/2022 options expiration date since the Bank of America stock closed in-the-money at $33.12 per share. The prior post detailing the history of this Bank of America position is here.
2. Medtronic PLC (MDT) -- This Covered Calls position closed slightly out-of-the-money since the strike price was $78.00 and the stock closed at $77.72. The blog post when this Medtronic Covered Calls position was originally established is here. So, the two 12/30/2022 MDT Calls expired and 200 Medtronic shares now remain in the Covered Calls Advisor Portfolio. Early next week a decision will be made to either close out the position by selling the shares or continuing this Covered Calls position by selling two MDT Calls against the 200 Medtronic shares.
I welcome your feedback on any topics related to the Covered Calls investing strategy. My email address is shown below.
Best Wishes for a Happy and Healthy New Year to All!
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net