- Two positions in Boeing Company and Sea Ltd. ADR closed in-the-money so their Calls expired and the shares were called away (i.e. sold) at their respective strike prices -- so both positions achieved their maximum potential return-on-investment results.
- Two positions in Microsoft Corporation and NVIDIA Corporation closed out-of-the-money so their Call options expired and the shares remain in the Covered Calls Advisor Portfolio. A summary of results for each of these positions (in alphabetical order) is as follows:
1. Boeing Company (BA) -- +1.4% absolute return (equivalent to +57.3% annualized return-on-investment) for the 9 days of this investment. This Covered Call position was assigned at the $187.50 strike price since the stock closed in-the-money at $208.22 per share. The original blog post detailing this Covered Call position is here.
2. Microsoft Corporation (MSFT) -- This Covered Call position closed yesterday at $373.46 which was well below its $385.00 strike price, so the one Call option expired and 100 Microsoft shares now remain in the Covered Calls Advisor Portfolio. The original blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Call position by selling a Call option against the 100 Microsoft shares currently held or close out the position by selling these shares.
3. NVIDIA Corporation (NVDA) -- This Covered Calls position closed yesterday at $177.39 which was very slightly below its $177.50 strike price, so the two Call options expired and 200 NVIDIA shares now remain in the Covered Calls Advisor Portfolio. The original blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Calls position by selling two Call options against the 200 NVIDIA shares currently held (most likely) or close out the position by selling these shares.
4. Sea Ltd. ADR (SE) -- +2.2% absolute return (equivalent to +57.3% annualized return-on-investment) for the 14 days of this investment. This Covered Calls position was assigned at the $75.00 strike price since the stock closed in-the-money at $82.28 per share. The most recent blog post detailing this Covered Call position is here.
As always, I welcome your feedback or questions at my email address shown below on anything related to the Covered Calls investing strategy.
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
