April 5th, 2024 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Calls positions with April 5th, 2024 options expirations.  The position containing 500 shares in KraneShares CSI China Internet ETF (ticker KWEB) at the $25.50 strike price closed in-the-money at $26.58 on yesterday's options expiration date.  So, the five Calls expired and the shares were called away (i.e. sold) at the $25.50 strike price.  The second position in Mondelez International Inc. closed out-of-the-money yesterday so the Calls expired and the 300 MDLZ shares remain in the Covered Calls Advisor Portfolio.  A summary of the results for both positions is as follows:

1. KraneShares CSI China Internet ETF -- +2.3% absolute return (equivalent to +40.5% annualized return-on-investment) for the 21 days of this investment.  The original post detailing this Covered Calls position is here. 

2. Mondelez International Inc. -- Mondelez closed out-of-the-money yesterday at $67.99 which was below its $71.00 strike price, so the three 4/5/2024 Call options expired and 300 Mondelez 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 three MDLZ Calls against the 300 shares currently owned.  The original post detailing this Covered Calls position is here.  

Jeff Partlow

The Covered Calls Advisor
partlow@cox.net