December 1st, 2023 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Calls positions with December 1st, 2023 options expirations.  The position containing 200 shares in Amazon.com Inc. $138.00 strike price position closed in-the-money at $147.03 on yesterday's options expiration date, so the two Calls expired and the shares were called away (i.e. sold) at the $138.00 strike price.  The second position in iShares China Large-Cap ETF closed out-of-the-money yesterday, so the Calls expired and the 1,000 FXI shares remain in the Covered Calls Advisor Portfolio.  A summary of the results for both positions is as follows:

1. Amazon.com Inc. -- +1.7% absolute return (equivalent to +41.5% annualized return-on-investment) for the 15 days of this investment.  The original post detailing this Covered Calls position is here. 

2. iShares China Large-Cap ETF -- The ETF price closed out-of-the-money yesterday at $24.89 which was below its $27.00 strike price, so the ten 12/1/2023 Call options expired and 1,000 iShares China Large-Cap ETF 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 ten FXI Calls against the 1,000 shares currently owned.  The most recent post detailing this Covered Calls position is here.  

Jeff Partlow

The Covered Calls Advisor
partlow@cox.net