October 31st, 2025 Options Expiration Results

The Covered Calls Advisor Portfolio had five Covered Calls positions with October 31st, 2025 options expiration dates.  Three positions (KraneShares CSI China Internet ETF, NVIDIA Corporation, and Uber Technologies Inc.) closed in-the-money so their Call options expired and the shares were called away (i.e. sold) at their respective strike prices.  Two positions (Chipotle Mexican Grill Inc. and Signet Jewelers Ltd.) were out-of-the-money.  With about 10 minutes before the market close, I unwound (i.e. closed out) the Chipotle position by buying-to-close the Calls while simultaneously selling-to-close the shares.  With Signet, I decided not to do anything -- so the Call options expired and the 200 Signet shares currently remain in my portfolio. 

    

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

1. KraneShares CSI China Internet ETF (KWEB) -- +1.7% absolute return (equivalent to +42.6% annualized return-on-investment) for the 15 days of this investment.  This Covered Calls position closed in-the-money yesterday at $39.95 per share which was above its $38.00 strike price, so the maximum potential annualized profit was achieved for this position.  The original post detailing this position is here.  

2. NVIDIA Corporation (NVDA) -- +2.1% absolute return (equivalent to +55.8% annualized return-on-investment) for the 14 days of this investment.  This Covered Calls position closed in-the-money yesterday at $202.49 per share which was above its $172.50 strike price, so the maximum potential annualized profit was achieved for this position.  The original post detailing this position is here.  

3. Uber Technologies Inc. (UBER) -- +2.0% absolute return (equivalent to +51.8% annualized return-on-investment) for the 14 days of this investment.  This Covered Call position closed in-the-money yesterday at $96.50 per share which was above its $89.00 strike price, so the maximum potential annualized profit was achieved for this position.  The original post detailing this position is here. 

4. Chipotle Mexican Grill Inc. (CMG) -- -14.1% absolute return (a -$2,082.68 net loss for this investment).  Chipotle stock tanked after its earnings report miss this week.  I wish I had followed my own advice to avoid holding stocks on the day of their earnings reports.  Lesson learned; so I will be more diligent in checking for intervening earnings reports prior to entering all future Covered Calls positions.    

5. Signet Jewelers Ltd. (SIG) -- Yesterday afternoon, with the stock price out-of-the-money, I decided to let the two Signet Call options expire and to therefore retain the 200 Signet shares.  Early next week I will either continue this Covered Calls position by selling two more Signet Calls or I will close out the position by selling the 200 shares. The original post detailing this position is here. 

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

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net