9/1/2023 Bought 1,000 shares of iShares China Large-Cap ETF @ $27.99 per share.
9/1/2023 Sold 10 FXI Sept. 15th, 2023 $28.00 Call options @ $.63 per share.
9/15/2023 Ten FXI Call options closed out-of-the-money, so these options expired and 1,000 shares remain in the Covered Calls Advisor Portfolio.
9/22/2023 Continued this iShares China Large-Cap ETF Covered Calls position by selling 10 FXI October 13th, 2023 Call options at the $27.50 strike price for $.60 per share. The iShares China Large-Cap ETF share price was $27.21 when these Calls were sold and their Implied Volatility was 27.7.
10/16/2023 Continued this iShares China Large-Cap ETF Covered Calls position by selling 10 FXI November 3rd, 2023 Call options at the $27.00 strike price for $.49 per share. The iShares China Large-Cap ETF share price was $26.49 when these Calls were sold and their Implied Volatility was 29.4.
11/3/2023 Ten FXI Call options closed out-of-the-money, so these options expired and 1,000 shares remain in the Covered Calls Advisor Portfolio.
11/14/2023 Continued this iShares China Large-Cap ETF Covered Calls position by selling 10 FXI December 1st, 2023 Call options at the $27.00 strike price for $.35 per share. The iShares China Large-Cap ETF share price was $26.30 when these Calls were sold and their Implied Volatility was 27.2 and the Delta was 34.1.
A possible overall performance result (including commissions) for this iShares China Large-Cap ETF Covered Calls position if assigned on the 12/1/2023 options expiration date is as follows:
FXI Covered Calls Net Investment: $27,366.70
= ($27.99 - $.63) * 1,000 shares + $6.70 commission
Net Profit:
(a) Options Income: +$2,043.20
= ($.63 + $.60 + $.49 + $.35) * 1,000 shares - $26.80 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 1,000 iShares China Large-Cap ETF shares assigned at the $27.00 strike price at the 12/1/2023 expiration): -$990.00
+($27.00 - $27.99) * 1,000 shares
Total Net Profit Potential (If 1,000 iShares China Large-Cap ETF shares assigned at the $27.00 strike price at the options expiration date): +$1,053.20
= (+$2,043.20 options income +$0.00 dividend income -$990.00 capital appreciation)
Potential Absolute Return-on-Investment: +3.8%
= +$1,053.20/$27,366.70
Potential Annualized Return-on-Investment: +15.4%
= (+$1,053.20/$27,366.70) * (365/91 days)