Closed Covered Call Positions in Microsoft Corporation and NVIDIA Corporation

The Covered Call positions in Microsoft Corporation (ticker MSFT) and NVIDIA Corporation (NVDA) closed out-of-the-money at last Thursday's options expiration date, so their Call options expired and their shares remained in the Covered Calls Advisor Portfolio. Early in today's trading session I closed out both positions by selling the 100 Microsoft and the 200 NVIDIA shares.  The transactions history for both positions and their associated return-on-investment results are detailed below.

1. Microsoft Corporation (MSFT) -- Covered Call Position Closed Out

This Covered Call position transactions are as follows:
3/18/2026 Bought 100 shares of Microsoft stock @ $395.625 per share.  
3/18/2026 Sold 1 MSFT April 2nd, 2026 $385.00 Call option @ $17.55 per share.  The Implied Volatility of the Call was 29.8 when this transaction was executed.

4/2/2026 The Call option expired out-of-the-money at $373.46 and 100 Microsoft shares remain in the Covered Calls Advisor Portfolio.
4/6/2026 Closed out this Covered Call position by selling the 100 Microsoft shares at $373.42.

The overall performance result (including commissions) for this Microsoft Covered Call position is as follows:
Microsoft Covered Call Net Investment: $37,808.17
= ($395.625 - $17.55) * 100 shares + $.67 commission

Net Profit Components:
(a) Call Option Income: +$1,754.33
= ($17.55 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (100 Microsoft shares sold on 4/6/2026 at $373.42): -$2,220.50
= ($373.42 stock selling price - $395.625 stock purchase price) * 100 shares

Total Net Loss: -$466.17
= (+$1,754.33 option income + $0.00 dividend income - $2,220.50 capital appreciation)

Absolute Return-on-Investment: -1.2%
= -$466.17/$37,808.17
Equivalent Annualized-Return-on-Investment: -23.7%
= (-$466.17/$37,808.17) * (365/19 days)

2. NVIDIA Corporation (NVDA) -- Covered Calls Position Closed Out

The buy/write net limit order transaction was as follows:
3/20/2026 Bought 200 NVIDIA Corporation shares at $177.13.

3/20/2026 Sold 2 NVIDIA 4/2/2026 $177.50 Call options @ $4.93 per share.  The Implied Volatility of these Calls was 37.3 when this position was established, which is well above (as preferred) the VIX which was 25.0.  
4/2/2026 The Call options expired out-of-the-money at $177.39 and 200 NVIDIA shares remain in the Covered Calls Advisor Portfolio.
4/6/2026 Closed out this Covered Calls position by selling the 200 NVIDIA shares at $177.46.

The overall performance result (including commissions) for this NVIDIA Corporation Covered Calls position is as follows:
Covered Calls Net Investment: $34,441.34
= ($177.13 - $4.93) * 200 shares + $1.34 commission

Net Profit:
(a) Options Income: +$984.66
= ($4.93 * 200 shares) - $1.34 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (200 NVIDIA shares sold on 4/6/2026 at $177.46 per share): +$66.00
+($177.46 shares sales price - $177.13 stock purchase price) * 200 shares

Total Net Profit (200 NVIDIA shares sold at $177.46 on 4/6/2026): +$1,050.66

= (+$984.66 options income + $0.00 dividend income + $66.00 capital appreciation)

Absolute Return-on-Investment: +3.1%

= (+$1,050.66/$34,441.34)

Potential Annualized Return-on-Investment: +65.5%
= (+$1,050.66/$34,441.34) * (365/17 days)