April 11th, 2025 Options Expiration Results

The Covered Calls Advisor Portfolio had four Covered Calls positions with April 11th, 2025 options expiration dates.  One position in Microsoft Corporation closed in-the-money so its Call option expired and the shares were called away (i.e. sold) at its $360 strike price.  Three positions in NetApp Inc., Nvidia Corporation, and Taiwan Semiconductor ADR closed out-of-the-money so the Calls expired and the shares remain in the Covered Calls Advisor Portfolio.    

A summary of the results for each of these four positions are as follows:

1. Microsoft Corporation (MSFT) -- +1.5% absolute return (equivalent to +49.5% annualized return-on-investment) for the 11 days of this investment.  This Covered Call position was assigned at the $360.00 strike price on its April 11th options expiration date since it closed in-the-money yesterday at $388.06 per share.  The original post detailing this Covered Call position is here. 

2. NetApp Inc. (NTAP) -- This Covered Call position closed yesterday at $82.65 which was below its $86.00 strike price, so the two 4/11/2025 NTAP Call options expired and 200 shares now remain in the Covered Calls Advisor Portfolio.  The original post detailing this position is here.  Early in the upcoming week I will decide to either continue this Covered Calls position by selling 2 Call options against the 200 NetApp Inc. shares currently held (most likely decision) or close out the position by selling the 200 NetApp shares.

3. Nvidia Corporation (NVDA) -- This Covered Calls position closed yesterday at $110.71 per share which was below its $120.00 strike price, so the three 4/11/2025 Nvidia Call options expired and 300 shares now remain in the Covered Calls Advisor Portfolio.  The original post detailing this position is here.  Early next week I will decide to either continue this Covered Calls position by selling 3 Call options against the 300 Nvidia Corp. shares currently held (most likely decision) or close out the position by selling the 300 Nvidia shares.

4. Taiwan Semiconductor ADR (TSM) -- This Covered Call position closed yesterday at $158.17 which was below its $162.50 strike price, so the one 4/11/2025 TSML Call option expired and 100 shares now remain in the Covered Calls Advisor Portfolio.  The original post detailing this position is here.  Because of the elevated volatility that occurs on days with earnings reports and since Taiwan Semi has an earnings report this Thursday, I will close out this position early this week.  As always, I will post the return-on-investment results for this position on the same day that my closing transaction occurs.  

I welcome your feedback at my email address shown below with your questions on topics related to this blog post specifically or anything related to the Covered Calls investing strategy.

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net