June 12th, 2026 Options Expiration Results

The Covered Calls Advisor Portfolio had two Covered Calls positions with June 12th, 2026 options expiration dates.  The position in The Cigna Group closed in-the-money at $298.00 so the Call option expired and the 100 shares were called away (i.e. sold) at the $270.00 strike price.  The other position in Pan American Silver Corporation closed out-of-the-money so the Call option expired and the 300 shares remained in the Covered Calls Advisor Portfolio.  This morning I sold the 300 Pan American shares.  A summary of results for each of these positions is as follows:

1. The Cigna Group (CI) -- +1.7% absolute return (equivalent to +36.3% annualized return-on-investment) for the 17 days of this investment.  This Covered Call position was assigned at the $270.00 strike price since the stock closed in-the-money at $298.00 per share at last Friday's market close.  The original blog post detailing this Covered Call position is here. 

2. Pan American Silver Corporation (PAAS) -- This Covered Call position closed last Friday at $48.14 which was well below its $56.00 strike price, so the three Call option expired and 300 PAAS shares remained in the Covered Calls Advisor Portfolio.  The most recent blog post detailing this position is here.  This morning I sold the 300 shares at $51.935 per share.  The result for this position was -7.1% absolute return (equivalent to -76.6% annualized return-on-investment) for the 34 days of this investment.  

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