December 12th, 2025 Options Expiration Results

The Covered Calls Advisor Portfolio had five Covered Calls positions with December 12th, 2025 options expiration dates.  Four positions [Bank of America Corporation, The Cigna Group, DexComm Inc., and Schlumberger (i.e. SLB)] closed in-the-money and their Call options expired and their stocks were therefore assigned (i.e. sold) at their respective strike prices.  One position in Microsoft Corporation closed out-of-the-money, so the Call option expired and 100 Microsoft shares now remain in the Covered Calls Advisor Portfolio.  I will decide early next week whether to sell the Microsoft shares or continue the Covered Call by  selling a future Microsoft Call against the 100 shares owned.  

A summary of the results for the four positions closed out yesterday is as follows:

1. Bank of America Corporation (BAC) -- +1.3% absolute return (equivalent to +42.9% annualized return-on-investment) for the 11 days of this investment.  This Covered Calls position closed in-the-money yesterday at $55.14 per share which was above its $52.50 strike price, so the maximum potential annualized profit was achieved.  The original post detailing this position is here.

2. The Cigna Group (CI) -- +1.3% absolute return (equivalent to +34.5% annualized return-on-investment) for the 14 days of this investment.  This Covered Call position closed in-the-money yesterday at $274.70 per share which was above its $270.00 strike price, so the maximum potential annualized profit was achieved.  The original post detailing this position is here.  

3. DexComm Inc. (DXCM) -- +1.7% absolute return (equivalent to +44.8% annualized return-on-investment) for the 14 days of this investment.  This Covered Calls position closed in-the-money yesterday at $66.96 per share which was above its $60.00 strike price, so the maximum potential annualized profit was achieved.  The original post detailing this position is here.

4. Schlumberger Ltd. (SLB) -- +2.2% absolute return (equivalent to +49.5% annualized return-on-investment) for the 16 days of this investment.  This Covered Calls position closed in-the-money yesterday at $39.45 per share which was above its $34.50 strike price, so the maximum potential annualized profit was achieved.  The original post detailing this position is here.  

I welcome your feedback at my email address shown below with any comments or questions you have related to the Covered Calls investing strategy.

Jeff Partlow
The Covered Calls Advisor
partlow@cox.net