The positions in Delta Air Lines Inc. and US Bancorp closed out-of-the-money yesterday, so the Calls expired and the shares remain in the Covered Calls Advisor Portfolio. Both positions are currently held as unrealized losses and early next week a decision will be made to either close out the positions by selling the shares or continuing with them as Covered Calls positions by selling future Calls against the 500 shares of stock currently owned in both positions. A summary of the results for these three positions are as follows:
1. Microsoft Corporation -- +1.3% absolute return (equivalent to +33.8% annualized return-on-investment) for the 14 days of this investment. The original post detailing this Covered Calls position is here.
2. Delta Air Lines Inc. -- Delta Air Lines Inc. closed out-of-the-money yesterday at $37.00 which was below its $41.00 strike price, so the five 10/6//20233 Call options expired and 500 Delta shares now remain in the Covered Calls Advisor Portfolio.
3. U.S. Bancorp -- U.S. Bancorp's price closed out-of-the-money yesterday at $31.86 which was below its $34.00 strike price, so the five 10/6/20233 Call options expired and 500 USB shares now remain in the Covered Calls Advisor Portfolio.
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
