Monthly Options Expiration Results through July 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 June 21st, 2024 options expiration through last Friday's July 19th, 2024 monthly options expiration date.  

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

The specific results for each position are summarized as follows: 

• One Covered Calls position expired in-the-money (stock price above the strike price) on last Friday's July 19th, 2024 monthly options expiration date as follows: 

1. CBOE Capital Markets Inc. -- +2.3% absolute return-on-investment in 65 days (equivalent to a +12.9% annualized return-on-investment).

• One Covered Calls position expired in-the-money on its weekly options expiration date during the past month as follows:

1. UnitedHealth Group Inc. -- +1.1% absolute return-on-investment in 16 days (equivalent to a +25.0% 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. Mondelez International -- +0.7% absolute return-on-investment in 10 days (equivalent to a +23.9% annualized return-on-investment).
2. U.S. Bancorp -- +1.2% absolute return-on-investment in 9 days (equivalent to a +46.8% annualized return-on-investment).

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

1. Las Vegas Sands Corporation -- +0.7% absolute return-on-investment in 20 days (equivalent to a +13.5% annualized return-on-investment).
2. Molson Coors Brewing -- -5.5% absolute return-on-investment in 35 days (equivalent to a -57.7% annualized return-on-investment).
3. Schlumberger Ltd.-- -2.0% absolute return-on-investment in 111 days (equivalent to a -6.6% annualized return-on-investment).
4. Target Corporation -- +3.4% absolute return-on-investment in 48 days (equivalent to a +26.0% annualized return-on-investment).

During the past year (last 12 months) 97 of 114 positions (85.1%) 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 +7.1% during the past year and the average holding period for these 114 closed positions was 23.2 days.  

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