Monthly Options Expiration Results through May 17th, 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 April 19th, 2024 options expiration through yesterday's May 17th, 2024 monthly options expiration date.  

During this past month, the Covered Calls Advisor Portfolio held a total of eighteen positions that were closed out.  Thirteen positions were closed out at a profit and five positions were closed at a loss.   

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 May 17th, 2024 monthly options expiration date as follows:

1. Capital One Financial Corporation -- +1.2% absolute return-on-investment in 14 days (equivalent to a +31.1% annualized return-on-investment). 
2. Las Vegas Sands Corporation -- +2.1% absolute return-on-investment in 21 days (equivalent to a +36.3% annualized return-on-investment). 
3. Oracle Corporation -- +0.8% absolute return-on-investment in 45 days (equivalent to a +6.7% annualized return-on-investment). 

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

1. Citigroup Inc. -- +1.3% absolute return-on-investment in 11 days (equivalent to a +43.9% annualized return-on-investment).
2. iShares 20+ Year Treasury Bond ETF -- +1.2% absolute return-on-investment in 15 days (equivalent to a +30.0% annualized return-on-investment).
3. JD.com Inc. -- +8.5% absolute return-on-investment in 44 days (equivalent to a +70.8% annualized return-on-investment).
4. Netease Inc. -- +0.4% absolute return-on-investment in 47 days (equivalent to a +2.9% 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. IBM Corporation -- +0.9% absolute return-on-investment in 8 days (equivalent to a +40.6% annualized return-on-investment).
2. Oshkosh Corporation -- +1.3% absolute return-on-investment in 10 days (equivalent to a +46.1% annualized return-on-investment).

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

1. APA Corporation -- -8.3% absolute return-on-investment in 36 days (equivalent to a -84.7% annualized return-on-investment).
2. Aptiv PLC -- +2.6% absolute return-on-investment in 53 days (equivalent to a +18.2% annualized return-on-investment).
3. Amdocs Limited -- -2.3% absolute return-on-investment in 33 days (equivalent to a -25.0% annualized return-on-investment).
4. Euronet Worldwide -- +2.9% absolute return-on-investment in 34 days (equivalent to a +33.4% annualized return-on-investment).
5. Globe Life Inc. -- -26.0% absolute return-on-investment in 22 days (equivalent to a -431.6% annualized return-on-investment).
6. Halozyme Therapeutics Inc. -- +0.8% absolute return-on-investment in 40 days (equivalent to a +6.9% annualized return-on-investment).
7. Match Group Inc. -- -1.7% absolute return-on-investment in 34 days (equivalent to a -18.0% annualized return-on-investment).
8. Mondelez International Inc. -- -1.9% absolute return-on-investment in 34 days (equivalent to a -20.0% annualized return-on-investment).
9. Yum China Holdings Inc. -- +0.1% absolute return-on-investment in 19 days (equivalent to a +1.7% annualized return-on-investment).

During the past year (last 12 months) 121 of 137 positions (88.3%) in the Covered Calls Advisor Portfolio (CCAP) were closed out at a profit.  The Covered Calls Advisor Portfolio weighted average annualized-return-on-investment was +8.5% during the past year and the average holding period for these 137 closed positions was 21.5 days.  In comparison, the benchmark S&P 500 has returned +29.1% 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