September 29th, 2023 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Calls positions with September 29th, 2023 options expirations.  The position containing 500 shares in Uber Technologies Inc. $45.00 strike price position closed in-the-money at $45.99 on yesterday's options expiration date, so the five Calls expired and the shares were called away (i.e. sold) at the $45.00 strike price.  The second position in Match Group Inc. closed out-of-the-money yesterday, so the Calls expired and the 400 Match Group shares remain in the Covered Calls Advisor Portfolio.  A summary of the results for both positions is as follows:

1. Uber Technologies Inc. -- +0.9% absolute return (equivalent to +31.5% annualized return-on-investment) for the 11 days of this investment.  The original post detailing this Covered Calls position is here. 

2. Match Group Inc. -- Match Group's price closed out-of-the-money yesterday at $39.175 which was below its $41.00 strike price, so the four 9/29/20233 Call options expired and 400 MTCH 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 four MTCH Calls against the 400 shares of stock currently owned.  The original post detailing this Covered Calls position is here.  

Jeff Partlow

The Covered Calls Advisor
partlow@cox.net