1. Taiwan Semiconductor Manufacturing Ltd. (TSM) -- +1.7% absolute return (equivalent to +38.1% annualized return-on-investment) for the 16 days of this investment. The Covered Calls position was assigned at the $85.00 strike price on its 3/24/2023 options expiration date since the stock closed in-the-money at $92.79 per share. The post detailing this Taiwan Semi Covered Calls position is here.
2. Qualcomm Inc. (QCOM) -- +2.1% absolute return (equivalent to +31.7% annualized return-on-investment) for the 24 days of this investment. The Covered Calls position was assigned at the $118.00 strike price on its 3/24/2023 options expiration date since the stock closed in-the-money at $124.76 per share. The prior post detailing the history of this Qualcomm Covered Calls position is here.
3. Bank of America Corporation (BAC) -- Bank of America stock price declined sharply along with that of all banking companies primarily because of the recent bank failure crisis. So, this Covered Calls position closed deeply out-of-the-money since the strike price was $30.50 and the stock closed at $27.21. The five 3/24/2023 BAC Calls expired and 500 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 at a loss or continuing this Covered Calls position and attempting to repair it back towards breakeven by selling five BAC Calls against the 500 Bank of America shares owned. Whatever decision is made, the transaction history to date will be detailed in a post on this Covered Calls Advisor blog site.
I welcome your feedback on any topics related to the Covered Calls investing strategy. My email address is shown below.
Best Wishes and Godspeed,
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
