Monthly Options Expiration Results through January 19th, 2024

Each month after the monthly options expiration date, this summary report provides the results on all positions that have been closed out during the past month (i.e. since the prior month's options expiration date). So this post covers the period from the day after last month's December 15th, 2023 options expiration through yesterday's January 19th, 2024 monthly options expiration date.  

During this past month, the Covered Calls Advisor Portfolio held a total of fourteen positions.  Ten positions were closed out at a profit and four positions expired out-of-the-money on yesterday's monthly options expiration date (so those shares currently remain in the Covered Calls Advisor Portfolio).   

The specific results for each position are summarized as follows: 

• Three Covered Calls positions expired in-the-money (stock price above the strike price) on yesterday's January 19th, 2024 monthly options expiration date as follows:

1.  Las Vegas Sands Corporation -- +0.9% absolute return-on-investment in 10 days (equivalent to a +32.9% annualized return-on-investment). 
2.  Oracle Corporation -- +1.4% absolute return-on-investment in 21 days (equivalent to a +24.6% annualized return-on-investment). 
3. Willscot Mobile Mini Holdings Corporation -- +1.7% absolute return-on-investment in 16 days (equivalent to a +37.8% annualized return-on-investment).

• Three Covered Calls positions expired in-the-money on their respective Weekly options expiration dates during the past month as follows:

1. Energy Select Sector SPDR Fund ETF -- +2.0% absolute return-on-investment in 22 days (equivalent to a +33.4% annualized return-on-investment).
2. Medtronic PLC -- +1.7% absolute return-on-investment in 14 days (equivalent to a +44.0% annualized return-on-investment).
3. Microsoft Corporation -- +1.5% absolute return-on-investment in 9 days (equivalent to a +65.3% annualized return-on-investment).

• Two Covered Calls positions were closed out by early assignment on the last trading day prior to their ex-dividend dates as follows: 

1. Deere & Company -- +1.2% absolute return-on-investment in 13 days (equivalent to a +33.0% annualized return-on-investment).
2. Philip Morris International -- +0.4% absolute return-on-investment in 7 days (equivalent to a +20.6% annualized return-on-investment).

• Two Covered Calls positions were closed out by early decision as follows:

1. Halliburton Company -- +4.8% absolute return-on-investment in 37 days (equivalent to a +47.7% annualized return-on-investment).
2. Halozyme Therapeutics Inc. -- +9.5% absolute return-on-investment in 116 days (equivalent to a +29.8% annualized return-on-investment).

• Four Covered Calls positions closed out-of-the-money yesterday on their January 19th, 2024 monthly options expiration date, so the Call options expired and the shares now remain in the Covered Calls Advisor Portfolio.  Three hundred shares of Aptiv PLC closed at $79.00 per share which was below its $80.00 strike price.  Five hundred shares of Freeport-McMoran Inc. closed at $38.77 which was below its $39.50 strike price. Four hundred shares of Halozyme Therapeutics Inc. closed at $34.15 per share which was below its $35.00 strike price.  One thousand shares of KraneShares CSI China Internet ETF shares closed at $23.78 which was below its $25.50 strike price. Early next week, decisions will be made to either close out the positions by selling the shares or to continue the Covered Calls positions by selling future Call options against the shares currently held.  As always, the details of all transactions-to-date will be posted on this blog site on the same day the transactions occur.

During the past year (last 12 months) 114 of 125 positions (91.2%) in the Covered Calls Advisor Portfolio (CCAP) were closed out at a profit.  The Covered Calls Advisor Portfolio weighted average annualized-return-on-investment (aroi) was +14.9% during the past year and the average holding period for these 125 closed positions was 19.8 days.  In comparison, the benchmark S&P 500 has returned +23.2% during the same prior one-year period. 

This Covered Calls Advisor blog is available to anyone interested in learning about implementing a successful Covered Calls investing strategy.  As always, I also encourage you to email me at partlow@cox.net any time you would like my feedback on your Covered Call position ideas or your questions on anything related to the Covered Calls investing strategy.

 

Best Wishes,

Jeff Partlow
Covered Calls Advisor
partlow@cox.net