Closed Out Covered Calls Position in Wells Fargo & Company

Last Friday, the Covered Calls position in Wells Fargo & Company (ticker WFC) closed out-of-the-money at $73.42 which was below its $78.00 strike price.  When Wells Fargo's stock price advanced to $74.33 in this afternoon's trading session, I decided to close out the position by selling the 300 shares at a net loss of $776.01.

As detailed below, the return-on-investment results are: -3.3% absolute return (equivalent to -87.2% annualized return-on-investment) for the 14 days of this investment.

Wells Fargo & Company (WFC) -- Closed Out Covered Calls Position
The buy/write transaction was:
5/4/2026 Bought 300 Wells Fargo shares @ $80.07
5/4/2026 Sold 3 Wells Fargo 2/13/2026 $84.00 Call options @ $3.82
5/8/2026 Quarterly ex-dividend of $.45 per share
5/15/2026 Three WFC Call options closed out-of-the-money, so the Call options expired and 300 Wells Fargo shares remained in the Covered Calls Advisor Portfolio.
5/18/2026 Closed out this Wells Fargo Covered Calls position by selling the 300 shares at $74.33 per share.

The overall performance results (including commissions) for this Wells Fargo Covered Calls position are as follows:
Covered Calls Net Investment: $23,210.01
= ($80.07 - $2.71) * 300 shares + $2.01 commission

Net Profit Components:
(a) Options Income: +$810.99
= ($2.71 * 300 shares) - $2.01 commission
(b) Dividend Income: +$135.00
= ($.45 dividend per share x 300 shares)

(c) Capital Appreciation (300 WFC shares sold at $74.33 per share): -$1,722.00
+($74.33 - $80.07) * 300 shares

Total Net Loss: -$776.01

= (+$810.99 options income + $135.00 dividend income - $1,722.00 capital appreciation)

Absolute Return-on-Investment: -3.3%

= -$776.01/$23,210.01

Annualized Return-on-Investment: -87.2%

= (-$776.01/$23,210.01) * (365/14 days)