1. Bank of America Corporation (BAC) -- The five hundred shares closed out-of-the-money with the $30.27 stock price below the $33.00 strike price at expiration. So, the Call options expired and the 500 BAC shares remain in the Covered Calls Advisor Portfolio.
2. Qualcomm Inc. (QCOM) -- The two hundred shares closed out-of-the-money with the $115.19 stock price below the $120.00 strike price at expiration. So, the Call options expired and the 200 QCOM shares remain in the Covered Calls Advisor Portfolio.
A decision will be made early next week to either close out these positions by selling the shares or to continue the Covered Calls position(s) by selling future Call options against the shares currently held.
Please email me at the address shown below if you would like my feedback on any questions you might have related to the Covered Calls investing strategy.
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
