August 25th, 2023 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Calls positions with August 25th, 2023 options expirations.  The position in PayPal Holdings Inc. closed in-the-money at $61.19 on yesterday's options expiration date, so the Calls expired and the shares were called away (i.e. sold) at the $59.00 strike price.  The second position in Archer-Daniels Midland Company closed out-of-the-money yesterday, so the Calls expired and the 200 Archer-Daniels-Midland shares remain in the Covered Calls Advisor Portfolio.  A summary of the results for both positions is as follows:

1. PayPal Holdings Inc. -- +1.1% absolute return (equivalent to +28.3% annualized return-on-investment) for the 14 days of this investment.  The original post detailing this Covered Calls position is here. 

2. Archer-Daniels-Midland Company -- ADM's price closed yesterday at $80.83 which was below its $83.00 strike price, so the two 8/25/20233 Call options expired and 200 ADM shares now remain in the Covered Calls Advisor Portfolio.  Next week a decision will be made to either close out the position by selling the shares or continuing with this Covered Calls position by selling two ADM Calls against the 200 shares of stock currently owned.  The original post detailing this Covered Calls position is here.  

Best Wishes,

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net