1. Alphabet Inc. -- +1.2% absolute return (equivalent to +38.6% annualized return-on-investment) for the 11 days of this investment. This Covered Call position was assigned at the $123.00 strike price on its 9/1/2023 options expiration date since Alphabet's stock closed in-the-money at $135.66 per share. The original post detailing the history of this Covered Calls position is here.
2. iShares China Large-Cap ETF (FXI) -- +1.0% absolute return (equivalent to +11.8% annualized return-on-investment) for the 30 days of this investment. This Covered Calls position was assigned at the $27.50 strike price on its 9/1/2023 options expiration date since FXI closed in-the-money yesterday at $28.02 per share. The most recent post detailing this Covered Calls position is here.
3. Delta Air Lines Inc. (DAL) -- Delta's price closed yesterday at $42.86 which was below its $43.00 strike price, so the five 9/1/20233 Delta Air Lines Call options expired and 500 DAL 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 with this Covered Calls position by selling five DAL Calls against the 500 Delta shares currently owned. As always, I will post the transactions-to-date for this position when my next transaction is executed.
My Covered Calls position in Halliburton goes ex-dividend next Tuesday at $.16 per share. Since the stock market is closed on Monday (Labor Day Holiday), yesterday (Friday) was the last trading day prior to Tuesday's ex-dividend date. With only $.02 time value in the Calls and because there was still two weeks remaining until the Sept. 15th options expiration date, I expected these Calls to be exercised by the owner yesterday (Friday) and the shares called away (i.e., sold) at the $37.00 strike price. Most often, on the last trading day prior to an ex-dividend date, I correctly predict whether or not the shares will be called away. But Call owners have a variety of objectives with the Calls they own, so occasionally I'm surprised -(but not disappointed) that I am capturing the dividend and will now continue to retain this Halliburton Covered Calls position with its September 15th expiration date.
I welcome your feedback, at my email address shown below with your questions or topics related to this blog post specifically or with anything related to the Covered Calls investing strategy.
Best Wishes,
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
